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Home Buying in 90023 : Real Estate Advice

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  • Home Buying6
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Activity 5
Mon Apr 29, 2013
I actually could refer you to a fellow lender who could do that loan. You would need to put down 10% no co-signer required. Let me know if you would like me to refer you.
0 votes 1 answer Share Flag
Wed Jan 30, 2013
Dorene Slavitz answered:
Dear CA,
This sounds like a short sale and unfortunately this is common. Your best source of information is directly from your Realtor.
0 votes 6 answers Share Flag
Tue Jan 29, 2013
Sona Gallatin answered:
You do know that Short Sales can take months, right?
You got similar answers below, I'm not going to repeat here, so good luck.
0 votes 10 answers Share Flag
Tue Dec 4, 2012
David Akram answered:
You can only assume only if you can individually qualify for the loan on your own based on your income - which you cannot do at the present. You can in six months if you income has risen to the level where the lender knows you can sustain the loan on your own. If you income is not going to rise in the foreseeable future then you will not be able to assume the loan from you dad.

I would love to discuss this more in detail with you.

Good luck.

David Akram
Realtor, DRE# 01891274
Notary Public, Certified Loan Signing Agent.
Cell: 661-505-8550
Century 21 All Moves

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0 votes 4 answers Share Flag
Wed Nov 3, 2010
Wilimagima answered:
Adding a co-borrower (co-signer) NEVER overcomes credit challenges. It may overcome debt to income ratios, reserve requirements and even down payment money; but, the credit analysis of a file is always centered on the lowest possible denominator (in this case, your student loans.

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