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Home Buying in 91103 : Real Estate Advice

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  • Local Info0
  • Home Buying9
  • Home Selling1
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Activity 6
Wed Jun 26, 2013
V Kumar answered:
It sounds like you are in the middle of a short sale. A short sale can take anywhere between 30 days to six months to complete. It works a lot like a loan modification, whereby the seller needs to prove his ongoing hardship. It can turn out to be a long and frustrating process. Over the last year or so most banks have streamlined the short sale process to make it quicker, easier and more efficient.

Do you have an agent representing you in this transaction? It is his job and responsibility to negotiate on your behalf and keep you informed throughout this process.

I wish you all the best.
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Mon Jul 30, 2012
Natalie Aguilar Vogie answered:
Always go to a reliable source, google police records for zip code 91103 and review the records.

Natalie Aguilar Team
Keller Aguilar Team
DRE: 01804560
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Mon Jul 30, 2012
Natalie Aguilar Vogie answered:
II woulld contact your favorite lender, they would be in a bettter position to answer your question. However, based on my experience with FHA buyers, I understand that the minimum score is 620. If I was you I would file for a loan using the highest score, which is 715. There are people that repair your credit scores, perhaps it would be worth looking into it so tht both of you can apply for the loan and use both incomes to qualify a great loan.

Natalie Aguilar Team
First Time Buyer Special
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Wed Jul 4, 2012
Ron Takeuchi answered:
Hi Celipurple,
Well, the situation you describe puts you on the border-line for loan qualifiation. There are so many loan products and everything is based upon more specific financial information, you need to address this with a great lender. If you want referrals of my go-to lenders, I will be happy to provide them; otherwise you should have a long discussion with the lender of your choice.

When you reach the step of choosing a knowledgable and skilled realtor, please contact me @ 626-808-8430.
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Thu Aug 27, 2009
Nancy McSween answered:
When did the lease begin. You state that you are considering purchasing your first home. Have you found a home yet? If not ,and you are just beginning your search, you may not need to break the lease. By the time you find a home, enter escrow (which you can request 45 to 60 days), you may already be a the end of your lease. If you have already entered into an escrow and your lease will not be over for 30 to 45 more days, maybe you can advertise and get a tenant who would be willing to take over the remainder of your lease. If that is the case, then the lease can then be renegiotated thru your landlord. ... more
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Mon Feb 23, 2009
M.D.J answered:
You can get an esimate from several lenders but what you really want are gaurantees on the rate, points & lender fees at the time of locking in your rate, if not then it's just that an...estimate.

Keep in mind that rates change everyday so what is the best deal with one lender today could end up being a better deal tomorrow somewhere else. Also remember that you will be dealing with your loan officer / lender for 30 days or more...That means service could be compromised when only basing your decision on price alone.

More info. on lending or estimates let me know and good luck to you
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