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91761 : Real Estate Advice

  • All13
  • Local Info2
  • Home Buying7
  • Home Selling1
  • Market Conditions0

Activity 12
Mon Feb 22, 2016
Derek Jones answered:
See if the builder offers any closing cost credits for using their preferred lender, and ask for an upgrade credit. I rarely see builders negotiate on the purchase price of a home unless it's a quick move in home. ... more
2 votes 1 answer Share Flag
Mon May 20, 2013
Teresa Mejia answered:
Hello Irma, I have help numerous families to avoid foreclosure with shortsales. You might want to see if you can get a preapproval first and see if you qualify, if you dont you have a better idea of whether you should shortsale or work on the credit. As a real estate Professional I have had to get the values of properties for the banks, before deciding on what you want to do you should way your options, there are many factors that come in place when trying to buy a home while still owning one. if you are upside down on the property you now own, you might qualify for a new home loan, the bank have stopped lending to people that own property's that are upside down due the many were walking away from the property's the owned to move in to the new home.

If you would like to sit down and discuss your options my team and I would love to help you, I have a lender from Wells fargo Bank that will sit down with you and give you some options.

let me know, and have a great day.

Teresa Mejia
Intero Real Estate Services
HAFA Shortsale Certified
909-721-7679 Cell
teresa.Intero@gmail.com
... more
0 votes 8 answers Share Flag
Tue Jan 24, 2012
Roland Corral answered:
You should buy. There are many reasons, to many to list here. Please call me and I can go over in detail. Here is just one. Since you haven't owned a home in the last 3 years, you are considered a first time home buyer and are most likely eligeable for down payment assistance. I have helped people get over 80k in assistance with approve lenders. Thats the key, they must be approved and you need to go with one that is certified for the particular program in the specific area you are searching in. I'm in southern california and am very familiar with most programs in the cities down here. Be very careful! Many will not want to help you because of their lack of knowledge or access to those programs. I am not a lender so I have no financial interest in my clients getting the assistance and I don't take incentives other than the fact that my clients are very happy after I help them and they always refer me more clients. That's the "catch" if you will. I get a kick out of helping people get these programs. These programs sound too good to be true I know but the fact is, they want to give you the money because if they don't release those funds, their budget will be reduced the following year. The states, counties and cities want you to own because when you own, you pay property taxes, shop locally and pay sales taxes etc. That's their incentive and their communities grow. Good luck! Feel free to click on my name/picture and get a hold of me if you have any specific questions. I'll be happy to help even if you're not in my area. :) ... more
0 votes 18 answers Share Flag
Fri Nov 4, 2011
Garrigus Real Estate answered:
Listing agents, or anyone else for that matter, cannot force you to use specific lenders. I would be careful to call what they are doing illegal though. Only an attorney with full knowledge of your situation can advise on that. ... more
0 votes 8 answers Share Flag
Mon Sep 12, 2011
Melissa Zavala answered:
You are responsible for the HOA until the date that you do not own the home any longer. So, be prepared. You may get some sort of collection calls or letters. Note that you probably already know the exact date of the foreclosure. You are not responsible for the HOA from that date on. When you are contacted, you may need to share your own personal calculations with that of the collection agent or attorney. ... more
0 votes 4 answers Share Flag
Mon Jun 27, 2011
Karen Parsons Fiddler answered:
Hi Quis,

Yes...as long as you can qualify on your own, you can buy separate property. You need to get a interspouse quit claim deed from your wife. If your current home is in both of your names, then you will need to qualify for both mortgages, a lender can tell you what you can qualify for on the new purchase and how the current home...rented or not....will affect that.

Karen
... more
0 votes 5 answers Share Flag
Tue Nov 2, 2010
Jose Perez answered:
I have a great listing at 2307 S Bon View Ontario, CA. 4 beds, 2 baths, pool, fireplace... Great property...
0 votes 6 answers Share Flag
Fri Jun 18, 2010
Mia Sophia Melle answered:
Hi there,

I agree with the previous answers and unfortunately, you definitely could be held responsible for the HOA dues because you were an owner of the property and were on title as well as the mortgage.

But, if the person is truly your friend...she should be more than willing to pay the past due HOA's and relieve you from that debt especially if she benefited from living in the house for probably almost a year without paying any mortgage payments and not to mention ruining your credit!

My company, Renttoday.us (www.renttoday.us) is a property management firm and we deal with many homes in HOA's as well as have managed many HOA's and I will tell you coming from that point of view it is very frustrating and unfair when homeowners lapse on their dues. It truly effects the whole entire community. HOA dues are how all the common functionalities get paid for such as the pool cleaning, tree trimming, exterior lights, repairing entry gates, mailboxes, and depending on the type of property it can pay for water and trash! I've managed communities where there were so many foreclosure we couldn't afford to have the trash picked up and it would pile high for weeks. It certainly wasn't fair to those who were paying their dues but that's not how it works...the bills either get paid or they don't. I think people also don't realize how expensive these amenities that we take for granted are. Just paying for community water could be $6000-$7000 per month...the trash could be $3000 per month and the HOA needs every dollar it bills.

So, as a courtesy to other homeowners and to take responsibility for the fact that you chose to buy in a community that shares resources you should definitely make good on that commitment, pay the debt (or hopefully get your friend to), and then move on with your life!

I say dump the friend though :-)

Good Luck and learn from this experience!! Do not co-sign for ANYBODY you don't have control over!!!!

Sincerely,

Mia Melle, Broker | President
Renttoday.us
www.renttoday.us
888.927.7266
... more
0 votes 3 answers Share Flag
Sun Sep 27, 2009
Chino Hills Homes answered:
It really depends on where you are looking to buy, real estate truly is local. Every city has it's own market.
0 votes 9 answers Share Flag
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