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90706 : Real Estate Advice

  • All17
  • Local Info2
  • Home Buying5
  • Home Selling1
  • Market Conditions0

Activity 10
Duc Nguyen, Home Owner in Bellflower, CA
Mon Jan 25, 2016
Duc Nguyen asked:
Hi there, i posted a room for rent of this house, 9303 Alondra Blvd APT 1,
Bellflower, CA 90706. on zillow rental manager (Link below). The status said it is posted on trulia but when i…
0 votes 0 Answers Share Flag
Gary C., Home Seller in Acton, CA
Fri Jul 24, 2015
Gary C. answered:
The buyer neither has all the cards, nor am I paying ALL his closing costs indiscriminately. Let me clarify to some who may have misread my previous statements. Nothing changed. I offered to pay a very well defined set of closing costs based on hard numbers that included both the buyer's and seller's escrow, title insurance, transfer tax, appraisal, home and termite inspection. Not "normal?" Unorthodox? Also very cost effective. I also select the people for those jobs and that means I they are working for me, not the buyer. I gave up zero control of those items.

Second, I offered to pay a defined amount toward the buyer's loan origination, a set dollar figure, based on estimates obtained from FOUR mortgage lenders, using the information the buyer provided. If he didn't tell the whole truth on the information he provided, that is not my problem. The buyer is free to choose any loan product, just not at my expense. If he can work with what is written into the deal, great.

Based on the reaction here to the loan specifics, I offered to pay some but not nearly all of those fees. Again, it was a set dollar figure, not a blank check. And the BUYER is left to decide how much he wants that particular loan. The excess is out of his pocket, not the net.

Doing the math, I offered to pay a grand total 2.08% of the purchase price. That is the contract I offered. The deadline is the close of business today.
... more
0 votes 15 answers Share Flag
Sheryl Arndt, Real Estate Pro in Woodland Hills, CA
Mon May 11, 2015
Sheryl Arndt answered:
Hello Niki, you will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs.

The purchase in Cerritos start from 299k for 3bd 1ba condo. The purchase in Lakewood start from 245k for 1bd 1ba condo. The purchase in Bellflower start from 190k for 2bd 1ba townhome which is as low as $950 down payment with a minimum 580 fico score @190k.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve and you can be emailed listings to fit your search criteria.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI).

Your credit scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt

If my response was helpful, consider clicking Thank, Link or Best Answer.
... more
0 votes 7 answers Share Flag
Ron Thomas, Real Estate Pro in Fresno, CA
Sat Jan 10, 2015
Ron Thomas answered:
If you don't even have the money for Inspections, then you shouldn't be buying yet:
You should have some money set aside for repairs as well as a safety fund of three to six month's living.
You will be spread too thin; if anything happened, you would be in trouble.
... more
1 vote 1 answer Share Flag
Oscar Gonzal…, Real Estate Pro in Norwalk, CA
Sat Apr 19, 2014
Oscar Gonzales answered:
Hi Trish, not sure if you're still looking, but if so there are a lot of great areas in Bellflower, Downey, and Lakewood. If still interested Please reach out to me. Thanks!

Oscar Gonzales
WestCo Realty
562-244-2055
... more
1 vote 11 answers Share Flag
Alex Montelo…, Real Estate Pro in Seal Beach, CA
Tue Jan 28, 2014
Alex Montelongo Real Estate Group answered:
If you are still in the market, I would look into CHDAP, CHF Platinum, CHFA and some City websites will have info on City loan programs. As mentioned in previous statements, there are many options. Your best bet is to work with a Realtor that knows of these down payment assistance programs to help find which one is best suited for you.

Best of Luck,
... more
0 votes 6 answers Share Flag
Alex Montelo…, Real Estate Pro in Seal Beach, CA
Tue Jan 28, 2014
Alex Montelongo Real Estate Group answered:
A condo can be free standing or attached. As mentioned in previous statements by my colleagues. If you are still in the market and need help, please feel free to reach out to me.

All the best,

Alex Montelongo/Broker
Coldwelll Banker Star Realty
562-810-7387 Cell
BRE Lic #01456982
... more
0 votes 6 answers Share Flag
Alex Montelo…, Real Estate Pro in Seal Beach, CA
Tue Jan 28, 2014
Alex Montelongo Real Estate Group answered:
Putting together a complete package is important. When submitting an offer, time is always of the essence. Be prepared. Have your pre-approval letter, fico scores, bank statements (proof of funds)
ready to go with any offer. I dont think it matters that the listing agent and the selling agent were related. The seller accepted the offer because it met all of the sellers needs and the supporting documentation was in place.
... more
0 votes 6 answers Share Flag
Glenn Gaspar, Real Estate Pro in Signal Hill, CA
Wed Nov 4, 2009
Glenn Gaspar answered:
Hi Trina...Look and see if this program can work for you, here is the link:

http://www.bellflower.org/home/index.asp?page=113

What it comes down to is the loan product is a conventional loan, but you as the buyer will only have to come in with 20% down "of the 20% down payment needed," the city covers the difference for you. It may sound confusing but it is not and very simple. I believe they still have funds available. ... more
0 votes 1 answer Share Flag
Keith Sorem, Real Estate Pro in Glendale, CA
Sun Sep 7, 2008
Keith Sorem answered:
Gilvan
You need to have received legal notice. Usually served by a Sheriff or a process server. You should definitely contact your lender...they should be your legal point of contact unless they have transferred their standing. ... more
0 votes 2 answers Share Flag
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