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Home Buying in 91384 : Real Estate Advice

  • All14
  • Local Info1
  • Home Buying6
  • Home Selling2
  • Market Conditions2

Activity 4
Mon Dec 26, 2016
Scott Godzyk answered:
You can only add current listings, there is no place to add "coming soon" listings on Trulia. You can however join Active Rain, i put a free link below and then can promote "coming soon" listings there as well as click the box to feature your listings on your Active Rain page ... more
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Mon May 16, 2011
Emily Knell answered:
If this is the property that you REALLY want and you KNOW that your offer is in primary position & No other offers are being submitted to the bank, I strongly suggest you invest in getting your lender to order your own appraisal RIGHT NOW. And, have the listing agent submit that to the lien holder for the short sale.

Banks are outsourcing HAFA deals to 3rd party companies right now & they're going to send out their own appraiser & chances are very high the value will come back completely inflated.

You also need to ask the listing agent RIGHT NOW, if the seller has 2 loans & if that 2nd lien is higher than $100K. If it is, the likelihood of HAFA being approved will be slim to none, because the 2nd lien holder won't allow it. This is because under HAFA rules, the 1st lien holder will ONLY offer the 2nd $6,000 max.

You should also find out what type of loan the 2nd is, purchase money or equity loan. If their 2nd lien balance is less than $100K, but it is an equity loan or a cashed out refinance, it will likely be denied for HAFA because they'll want a 30% payout to release the lien paid in full & that will exceed the $6K the 1st will pay under HAFA rules.

HAFA is more or less a total failure nationally, you may be waiting 30-60 days to see if the seller is going to be HAFA approved & if they aren't, your process will start all over again, which could take another 60 days to get traditional short sale approval.
562-430-3053 cell
Realtor Since 1996
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Wed Feb 2, 2011
Cheryl Garner answered:
Hi Amarjeet,

Phone your agent and let her/he know what happened. There's no way of knowing they got your email as it might have gone to their spam folder. If you can't speak with your Realtor, leave a clear message that you have been approved for only $190,000. They can withdraw your offer.

Do you know all the facts on why your loan amount dropped? Income? Credit/FICO score? Employment history? Working with a top loan officer so you know all the facts is critical for your next transaction. Sometimes it can be as simple as correcting items on your credit so you get a higher FICO score.

Unfortunately $190,000 won't buy much in California. Call me at (661) 255-3335 so I can get your qualified for the home you want. Twelve years experience.

Cheryl Garner, Mortgage Expert
Fairview Mortgage Capital, Inc.
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Wed Jul 22, 2009
Scott Reiber answered:
My wife is real estate attorney and sees this kind of thing a lot. Absent of the buyers broker agreement just showing a house first is usually is not sufficient to so procuring cause. Even more so if she was aware of the transaction and did nothing before escrow closed. But if they argue it in front of the board instead of a judge the board doesn’t have to follow the law. They can make a decision based on what they think is fair depending on their mood that day. She probably thing she is entitled because of the amount of time she had put into working with you, showing you home ect. Agents hate working for free. ... more
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