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91362 : Real Estate Advice

  • All39
  • Local Info2
  • Home Buying22
  • Home Selling2
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Activity 31
Thu Dec 22, 2016
Rich Reed answered:
Hi Jessica, you should consult with a real estate attorney, or maybe a family law attorney, before you decide.
It seems to me that if you're on title you are a co-owner and should be on the purchase agreement. If you're on the purchase agreement your half of the down payment would not need to be a gift. Loans are sometimes made in the name of only one of the owners, but you are correct in being concerned about who is on title. California, being a community property state, has some protections, but if you don't carefully read and understand everything you are signing you may not be protected. Hope this helps!
I am a real estate broker qualified to advise you on California real estate matters, not the law. If you desire legal advice, consult with an attorney.
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Wed Jul 20, 2016
Rich Reed answered:
Sounds like you need legal advice. I am a real estate broker qualified to advise you on California real estate matters, not the law. If you desire legal advice, consult with an attorney. Are you working with a Realtor? What does your Realtor say? If your agent doesn't know the answer, talk to their broker. ... more
0 votes 1 answer Share Flag
Fri Aug 21, 2015
Ebonimall answered:
A lis pendens is permitted in some types of lawsuits and actually required in other types of actions. It is required in lawsuits for Partition, Eminent Domain, Quiet Title, Claims to Escheted Property, Forefeiture Proceedings, and Actions to Declare a Building Uninhabitable. Contact an experienced attorney to handle this for you. http://ForeclosureIQ.com ... more
0 votes 8 answers Share Flag
Fri Aug 21, 2015
Ebonimall answered:
A lis pendens is permitted in some types of lawsuits and actually required in other types of actions. It is required in lawsuits for Partition, Eminent Domain, Quiet Title, Claims to Escheted Property, Forefeiture Proceedings, and Actions to Declare a Building Uninhabitable.
http://ForeclosureIQ.com
... more
0 votes 4 answers Share Flag
Sat Jan 17, 2015
Suzanne MacDowell answered:
This is a classic scam. Trulia is aware and has built in a function for reporting suspected fraud. If you will go into the rental listing and scroll down to the MORE drop down menu that is just below the photo in blue. Click on FLAG you will get a dialogue box called listing error. Click on the down arrow called ERROR TYPE and choose suspected fraud. In the dialogue box, tell Trulia why you suspect this is a scam. The listing will be pulled down and if it is confirmed to be fraud it will NOT be put back up. And thank you in advance for making the world a better safer place. ... more
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Wed Jan 14, 2015
Brian asked:
I listed my property as available for rent via Zillow. I received an inquiry via Trulia. Clicking on the respond button in the inquiry notification email gets me a page stating I have no…
0 votes 0 Answers Share Flag
Mon Nov 3, 2014
Eugene Dean answered:
I would recommend taking these repairs one at a time. The total price may be overwhelming, but individual increments are more manageable. You should prioritize the projects by how badly they are needed. I would suggest starting with your internal doors.

http://www.harvestdoors.com
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0 votes 5 answers Share Flag
Thu May 22, 2014
Brian Graver answered:
Hi Carysguy,

Hope you're well.

Taking a look at the past 6 months (which is the most applicable to current real estate trends), the MLS lists the following statistics for 1978 homes in Westlake Village:

Active homes (those that are currently available) average $393/sq.ft for an average 2,814 sq.ft. home.

Back-Up homes (those that are currently in escrow) average $339/sq.ft. for an average 2,289 sq.ft. home.

The one pending home (pending homes are homes that are currently in escrow where contingencies have been released) averaged $270/sq.ft. for a 7,000 sq.ft. home (clearly lower $/sq.ft. because of the extra large size of the home).

Finally, sold homes averaged $378/sq.ft. for an average 2,639 sq.ft. home.

The total $/sq.ft. of all these homes is $369/sq.ft. for an average 2,813 sq.ft. home.

Now, keep in mind, these are today's statistics as of May 22, 2014.

And, truly, the bottom line is that all of these statistics will vary quite a bit when you look at the actual condition of the home, it's location, updates, etc.

I'd love to talk more about your needs, so please feel free to contact me anytime to discuss Westlake homes or any others.

Thanks so much, have a great day!

Brian Graver
www.BrianGraver.com
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0 votes 3 answers Share Flag
Tue May 6, 2014
Alexander Greer answered:
No. It can only affect any changes to title like a refinance or a sale. Just send me an email if you have any further questions.

Alex Greer
Loan Officer
NMLS #1056079

http://www.TheMortgageOutlet.com
408-352-5147
AGreer@TheMortgageOutlet.com
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Thu Feb 6, 2014
Kirk Thompson answered:
USDA is mainly for low income borrowers in designated rural areas.
0 votes 7 answers Share Flag
Sat Dec 28, 2013
Ali Qureshi answered:
You may want to talk to reputable mortgage brokers to structure your transaction. As a first time home buyer there are many programs that are available to you.
0 votes 7 answers Share Flag
Thu Nov 28, 2013
Alexander Greer answered:
NO. Rent to own never benefits you. If you can afford to rent you can afford to purchase.

Alex Greer
Loan Officer
NMLS #1056079
http://www.TheMortgageOutlet.com

408-352-5147
AGreer@TheMortgageOutlet.com ... more
0 votes 8 answers Share Flag
Tue Jun 18, 2013
Joan Roberts answered:
This is a very serious matter and I would not mess around with trying to figure it out yourself. Take the good advice given and hire an attorney to get you though it without mistakes.
Best wishes to you. . .
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Mon May 13, 2013
Blanca Dover answered:
I agree with Chris, it would be best to find an attorney in Riverside County.
0 votes 4 answers Share Flag
Mon Dec 3, 2012
Stella Benzimra answered:
CBI- California Brokers Institute
21133 Victory Boulevard Canoga Park, CA 91303
(818) 715-0088
I took their course. It's great!! And Don is extremely knowledgeable!!
0 votes 3 answers Share Flag
Mon Oct 22, 2012
Barry Shapiro answered:
The property sold on 12/22/10 for $494,000.
0 votes 10 answers Share Flag
Mon Oct 22, 2012
Barry Shapiro answered:
The term “lis pendens” is Latin for “suit pending.” A lis pendens is filed against a real property to indicate that the title of property is in question, or that some sort of lawsuit involving the property could occur in the near future. When someone files such a notice, it serves as a public notification that the property is involved in a lawsuit. For property buyers, a lis pendens is generally viewed as a turnoff, as this legal notice could devalue the property, complicate the transfer of title, or make it impossible to obtain a mortgage on the property.

One of the most common reasons to file a lis pendens is when a property goes into foreclosure. If a lender feels that a foreclosure will be necessary, the notice forestalls any attempts to sell the property to evade foreclosure, since the legal notice will turn up on a title search. A lis pendens may also be filed if someone feels that he or she has a legal claim to a property title, or in any other circumstances where people want to question the validity of a property title.

So, since title transfers directly to the note holder/mortgage company at the trustee sale, a Lis Pendens will not stop the transfer from mortgagee to mortgagor. It could temporarily delay an immediate future sale, in the event the property sells to a private party at the trustee sale. Seek legal advice from an attorney.
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0 votes 3 answers Share Flag
Wed Sep 26, 2012
Ted Mackel answered:
If you are asking for California Real Estate. Please check out this article I have on my Real Estate Blog. This should answer most of your questions.

http://homebuysblog.com/2011/06/17/how-does-a-lis-pendens-affect-california-real-property/ ... more
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Tue Apr 10, 2012
Annette Branch answered:
Unpermitted screened sunroom was added on to a home. What, if any, are the risks of purchasing a home with an unpermitted sunroom?
0 votes 9 answers Share Flag
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