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Home Buying in 91765 : Real Estate Advice

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  • Local Info2
  • Home Buying9
  • Home Selling0
  • Market Conditions1

Activity 9
Wed Jun 8, 2016
answered:
Hello Lenggomes, I am finding 2bd 1ba condos at Golden Springs from 229k and up. Where are you getting your listing to look at? Trulia and Zillow do not have sufficient number of listings to tell so you may want to try Realtor.com as it has more inventory from all multiple listing services that agents use.

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 you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

If you decide to buy you will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card for each applicant.

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. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ 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
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0 votes 2 answers Share Flag
Fri Jul 10, 2015
answered:
Are you saying that it is suspended from the HUD approved condo list?

Or are you saying that Association is suspended as a corporation for not filing their corporate taxes?

Either way what you can not get is an FHA of FNMA loan. I do have private money loans you can use but be prepared to pay 8% or more. ... more
0 votes 2 answers Share Flag
Fri Nov 15, 2013
The Alvarado Group answered:
You can contact me I can get you the information Nelsonalosna@yahoo.com
0 votes 5 answers Share Flag
Thu Oct 31, 2013
Airel Hermosillo answered:
Hello,

The rental market was not under valued in the market as homes were. Rent did not drop 50% because of the value of the property. By saying you are moving to a cheaper area , would need more details of what you describe as a cheap area. I would describe it as a home that has less space , rooms , or is not a single family home . It can also be in a very secluded location far away from stores and highways.
Also, by moving to a cheaper area , are you saying you are going to buy or rent in another area. If you are going to buy , i would not move areas . Your short sale house was evaluated and given a value due to market and property value. So , any home in that area will have a fairly similar value and if you are comfortable and can manage paying that value = stay .

But like most have stated , you or the persons that were involved in the short sale will not be able to purchase a home with a loan anytime soon.

Thanks and good luck,

Airel H.
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0 votes 8 answers Share Flag
Sun Jun 9, 2013
John Juarez answered:
You have suggested some good solutions to your problem. Have you discussed these with your lender? That is the one that you have to please no matter what we say.
0 votes 3 answers Share Flag
Sun Sep 16, 2012
Diana Margala answered:
That is like saying what will the prices be and what interest rate will there be in 3 years. There are so many factors that effect prices, interest rates and mortgage programs, there is no way to answer your question. Your best bet would be to talk to a Mortgage Banker or Bank to have them help you with a plan as to what your might need to do regarding your credit, since that is a big factor on what will be available to you. Remember that the 3 years is based on no other derogatory items on your credit.

Let me know if I can help


Diana Margala
909-560-0145
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0 votes 4 answers Share Flag
Sun Sep 16, 2012
Diana Margala answered:
I always recommend that my clients save their money, if you are going to rent you will need first and last and some rentals require additional security deposit money depending on your credit and ability to pay rent.

You should be able to purchase again in years, make sure you repair your credit. That doesn't mean canceling all your credit cards, it means paying them. As long as there are no other derogatory things on your credit you should be fine.Talk to a lender now, or as soon as the short sale has been completed so that you have a better idea of what you can expect.

The bank can foreclose, your agent needs to make sure that the sale date is postponed as you are working with the process. There also is a new law which doesn't allow the bank to foreclose if they are working with you on a short sale or a modification that most banks follow even though it doesn't go into effect until next year. But again make sure your agent or you follow the sale date.
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0 votes 6 answers Share Flag
Sat Sep 15, 2012
Andrew Janos answered:
You will want to check with your mortgage lender or broker as each loan program differs.
0 votes 18 answers Share Flag
Fri Apr 22, 2011
Aslam (sam) Chuadhri answered:
Call your Real Estate Agent with the MLS# or address. They should be able to help you.
0 votes 8 answers Share Flag
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