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Home Buying in 90670 : Real Estate Advice

  • All12
  • Local Info1
  • Home Buying7
  • Home Selling1
  • Market Conditions0

Activity 7
Mon Aug 28, 2017
Kathy Burgreen answered:
You should have your own buyers agent to represent you. Realtors are salespeople and experts at manipulating the truth to benefit them. As long as you did not sign a contract for this home, you're free to get a different realtor. ... more
0 votes 1 answer Share Flag
Mon Dec 19, 2016
Neil Roxas answered:
Hello,

We have emailed you regarding this concern.

Regards,

Neil
Consumer Care Advocate
0 votes 1 answer Share Flag
Mon Jan 24, 2011
answered:
Hi Ricky,

Until I understand your entire situation, it would be hard for me to second guess what happened. Your loan officer might be new in the loan profession and didn't understand the qualifications for that particular loan program (over promised). You must meet FICO (credit score), income, and ratio requirements so something might be wrong in that area. Also, when the lender pulled your credit report, something could have popped up that you weren't aware of. The bottom line is that something went wrong.

If you were declined a loan, you should have a clear understanding on why. Ask your loan officer. If he can't give you the answers you need, speak with his broker. Or speak with someone who has experience to get you a loan!

I'd be more than happy to talk to you about your situation. I've been in the mortgage industry twelve years. Call me at (661) 255-3335.

Cheryl Garner, Mortgage Expert
Fairview Mortgage Capital, Inc.
Email: cheryl@cherylgarner.com
... more
0 votes 11 answers Share Flag
Mon Jul 26, 2010
Michelle Gonzalez answered:
If you closed escrow on May 20th, the previous lender should have been paid. There are many websites that have outdated information and it is possible this may be the case. You may want to contact the agent that helped you purchase the property to be sure as well as contacting your current lender. ... more
0 votes 3 answers Share Flag
Wed Mar 3, 2010
Emily Knell answered:
Normally when a bank asks for a Promissory note it's an interest free note payable over 10yrs., at $100 / mo for 10yrs, would only cover $12,000.

The listing agent needs to fight back to the bank, resend in the state of your sisters' financial information. Prove she doesn't have the money to pay this amount back. OR talk to the buyer & have them offer a CASH contribution now of 10% of the $19K to see if they'll settle & release now.

Stand firm that promissory note is out of the question & try to see what their number is to settle now in cash, which will have to be paid for by the buyer, if this is a 2nd lien, that cash contribution will have to be known to the 1st lien holder as well. The listing agent must show the 1st lien holder that it is still in their best interests to allow this and the NET to them is still better closing through the short sale than them taking the property to auction or it reverting back to them for future REO asset.

emilyknell1@yahoo.com
562-430-3053 cell
... more
0 votes 7 answers Share Flag
Wed Aug 19, 2009
Michelle Gonzalez answered:
Hello,
Don't feel like you are alone. There are many people in your same situation right now. It's kind of hard to get information over the internet. The best thing to do would be to sit down with a Realtor and discuss all of your options. We deal with these situations on a daily basis and can give you a better idea of what is going on in the marketplace and how others are dealing with the lenders. Please feel free to give me a call so we can discuss your options.

Michelle Gonzalez DRE# 01427179
Michelle@selectremax.net
RE/MAX Select
562-572-5224
... more
0 votes 18 answers Share Flag
Tue Mar 17, 2009
M.D.J answered:
More questions need to be answered but based off of the information given a $300k loan would be out of reach with those numbers given. There is other possibililties and options but more more info. would be needed so feel free to contact me to get the most out of qualifying.

Good luck to you...
... more
0 votes 3 answers Share Flag
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