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Home Buying in Tarzana : Real Estate Advice

  • All37
  • Local Info2
  • Home Buying9
  • Home Selling1
  • Market Conditions2

Activity 20
Mon Jan 23, 2017
Rmalik answered:
Did your question get answered? I am in a similar situation now

Thanks
Ro
0 votes 19 answers Share Flag
Wed Nov 9, 2016
Yuris2242 asked:
I'm currently buying a townhome and I noticed in the documents that they used different trust account numbers and different locations for the deposit and final funds. Is there any reason…
0 votes 0 Answers Share Flag
Mon Oct 5, 2015
emika106 asked:
We have 2 boys (2.5 yr old & 6 months) so elementary school rating is important. Also need a place that has good appreciation potential since we might move again in 3-5 yrs.
0 votes 0 Answers Share Flag
Tue Aug 11, 2015
Maggie Oreck answered:
Payoff information is private. What is public is the original loan amount
0 votes 2 answers Share Flag
Wed Feb 26, 2014
Robert Hanson answered:
Hi Barbara,

You should be able to qualify for a mortgage based on what your credit.

Your first step is to get in touch with an experienced lender to lay out options for you and discuss the pros and cons of each to make sure that you end up with a home that you can comfortably afford with no surprises.

I am available to help you at your convenience if you wish.

I can do a full underwriting approval ahead of time if need be and I also offer credit score improvement programs for free while we work on your mortgage.

If you like my answer above, consider clicking on a “Thumbs Up” or “Best Answer”

Regards,

Robert L. Hanson
Gladewater National Bank
First Time Homebuyer Specialist

Direct: 240-752-7549 Cell: 301-651-7822
Email: robertlh66@verizon.net
NMLS# 695929

Rate quote or live chat with me at the link below:

http://www.loansfromrob.com/quote/
... more
1 vote 3 answers Share Flag
Tue Nov 26, 2013
JR Thrasher answered:
Why not?

J.R. Thrasher
www.SanDiegoRealEstateVeterans.com
619-929-0105
0 votes 2 answers Share Flag
Mon Nov 25, 2013
Walter 'Skip' Kersten answered:
Just make the sale contingent on seller finding a replacement property. Your agent should be able to project what you will net out of your sale so you know how much you will have for a new home.
Good luck,
... more
0 votes 3 answers Share Flag
Sat Aug 10, 2013
carolsenor asked:
Thu Jan 31, 2013
Ron Thomas answered:
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

There is no FORM printed by anyone; there are just too many variables.
The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!

Good luck and May God bless
... more
0 votes 1 answer Share Flag
Sat Jul 14, 2012
Diana Rosero answered:
Hello Cliff,

Nice to meet you.

I am sure your friend is quite happy!

The lender will provide a payoff for you good for 30 days. Make sure to pull title to be sure there are no other outstanding liens.

All the best!

Diana Rosero
Broker Associate
Prime Partners Realty @ KW Burbank
818.859.9930 - Direct
diana@dianarosero.com
www.PrimePartnersRealty.com
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0 votes 11 answers Share Flag
Wed Mar 7, 2012
Sara Mehrpouyan answered:
In Los Angeles -southern California- area, we use escrow companies for closings. The seller does not have to show up at the actual closing. The buyer does have to sign and notarize their loan documents if they are financing. The seller has to agree to the short sale and sign & turn in all of their documents to the real estate agent and escrow company. Seller also has to notarize and sign the Grant Deed over to the new Buyer but they can get that done any time during escrow period.

Sara Mehrpouyan CDPE
Specializing in Short Sale & Foreclosure
Rodeo Realty
Direct: 818-903-2040
Dre License #01712757

Short Sale Questions? Thinking of Short Sale of your Home? Visit www.Short-Sale-Vs-Foreclosure-Help.com

Get New Property Listings By Email Here: www.newlosangeleshomesearch.com
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0 votes 5 answers Share Flag
Tue Jan 31, 2012
Emily Knell answered:
Simple answer. Don't do a Lease Option in this market. Just don't do it! You're not going to be able to lock in a low interest rate now, you're not going to get a solid figure on what your purchase price is going to be in 2yrs. You have a very HIGH chance of losing your Non-Refundable Option monies. It's just BAD for you all around.

What you should do, is get into a 2yr lease somewhere, if you know you can't qualify for a loan for the next 2yrs, maybe you had a BK or something or need to iron out your credit issues first. Many homeowners wanting to rent their property would be happy as a clam to have someone like you in a locked up lease for 2 whole years!

All you need to do, if you REALLY like the home you're about to rent for 2yrs is put a clause in your lease that states you have "FIRST RIGHT OF REFUSAL", so if the owner wants to sell in 2yrs or less YOU get 1st dibs with NO ( $0 ) option monies coming from you!

During your lease term you'll get to know the neighborhood & areas better & you may learn that you don't want to buy THAT particular house, at which time you can move on (without losing option monies) and go buy the home you really want!

Sorry, maybe that answer wasn't so simple, I type super fast!

Shoot me an email directly if you want to talk about this some more, I don't look back on this same Trulia thread for answers posted after mine.

EmilyKnell1@yahoo.com
562-430-3053 c
Realtor Since 1996
Main Street Realtor
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0 votes 5 answers Share Flag
Wed Feb 9, 2011
Esfand Azad - Local Expert answered:
I recently sold a 2-2,close to 900 square feet in good location of Tarzana,which was as short sale for $155,000 ; the asking price for the ones in the market range beetween $ 155,000 to $ 185,000.00;possibilities are considering ;(2-1)or (1-1) with that price.
I may abe able to find one for you ;is $ 120,000 max you can spend ?let me know if you can go higher.do you consider another location ? I will let you know ;are you buying it for Cash? or need to get a loan to buy?
Let me know,please , and I can help.
Esfand Azad
... more
0 votes 5 answers Share Flag
Wed Feb 9, 2011
Esfand Azad - Local Expert answered:
Shazia ,
It depends on if you are buying this property as your principal owner/occupied home;or are a first time buyer,or is it an investment property.
Once this is determined ,our underwriting ,escrow and tax advisors can help ;our office does a lot of cash buying tranactions,and have strong underwriting ,and in house escrow,which will ease up the matter for the buyers,as to the benifits.Let us know if need help.
Sincerely,
Esfand Azad
... more
0 votes 4 answers Share Flag
Tue Dec 7, 2010
Richard Schulman answered:
Be careful with lenders offering low income programs. The main way you qualify for a loan is based on your income!


Richard Schulman
0 votes 5 answers Share Flag
Sat Nov 27, 2010
Cricket Yee answered:
DJ, sorry to hear about your predicament. I think it is legal time for you, because my guess that the sale was contingent on them settling their issues between them, or you could've backed out of the sale long ago. You need to talk to a lawyer how to do this, but there must be a way for you to back out, or threaten to back out, in order to 1) purchase something else or 2) force them to complete the sale. Please update us on how this is going as it is very interesting from a real estate point of view. ... more
0 votes 5 answers Share Flag
Wed Aug 19, 2009
Tammy Davis answered:
Hi There...
Let me see if I can help..I have 25 years of experience in title and escrow.
If the "open" loan was paid off with the proceeds of a refinance...the title company that you are working with now, can contact the title company that was suppose to pay it in full (and obviously did). That title company can issue what is called a "letter of indemnity, known as an LOI in the title business. The means that the title company that paid off that open loan tells the new title company that the lien is clear and that they will indenify and protect the new title company from any resulting litigation.
Hope this helps...I know it can be a little confusing.
If I can help...drop me an email --
... more
0 votes 3 answers Share Flag
Thu Jun 25, 2009
Arielmnboy asked:
This house is sold. 18630 wells drive tarzana ca. and it is still on every sites. and they are not taking it down from their sites, even this site. So please take it off and tell the other…
0 votes 0 Answers Share Flag
Thu Jun 25, 2009
Arielmnboy asked:
This house is sold. 18630 wells drive tarzana ca. and it is still on every sites. and they are not taking it down from their sites, even this site. So please take it off and tell the other…
0 votes 0 Answers Share Flag
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