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Home Buying in 92394 : Real Estate Advice

  • All40
  • Local Info8
  • Home Buying22
  • Home Selling1
  • Market Conditions0

Activity 22
Wed Aug 3, 2016
Sheryl Arndt answered:
You may qualify to buy one day after a short sale, foreclosure or deed in lieu with 20% down and minimum 660 fico score. Unfortunately if you were behind on payments for 3-4 months it would still be considered a foreclosure unless under special circumstances.

It only takes a few dozen questions to qualify and go over your options. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ 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
... more
0 votes 2 answers Share Flag
Tue Jan 5, 2016
Rich Reed answered:
I looks like you are posting from NY about a property in Victorville, CA. If that's the case then I would contact a Realtor that works in Victorville and work with him/her as Dan suggested. ... more
0 votes 2 answers Share Flag
Tue Jan 5, 2016
Arpad Racz answered:
Hi,

It would be a good idea to talk to the owner first to see if they are interested in listening to a cash offer.
They may give you an idea of what they are looking for.

All the best,

Arpad
... more
0 votes 3 answers Share Flag
Wed Mar 4, 2015
Suzanne MacDowell answered:
Most contracts require that the home be left in 'broom clean' condition, meaning the junk must be removed. If, at the walk through just prior to closing, the home is NOT in broom clean condition, the buyer can require the seller to put money in escrow to ensure that either the junk is removed by a certain date or the money goes to the buyer to pay for clean out. ... more
1 vote 2 answers Share Flag
Mon Apr 28, 2014
Mickee Hernandez answered:
This scenario is where your agents negotiating skill come into play.
The seller does not have to change the offer acceptance.

Often you put an amendment in the offer to cover these events.
Check with your agent. If they are worth it, they will work to get the deal closed.

??
Mickee Hernandez
Real Estate Agent / Realtor
Local Specialty: Victorville, Hesperia, Apple Valley
Exit Realty, Blaine Associates
16000 Apple Valley Road, Apple Valley, CA 92307
760-985-7439
www.exitmickee.com
Put my Expertise to work for you.
... more
0 votes 10 answers Share Flag
Mon Apr 28, 2014
Mickee Hernandez answered:
??There is an easy way to see what has sold, what your home maybe worth etc...
Contact a local realtor

Realtors can do an analysis of the area to get you what you need.

Mickee Hernandez
Real Estate Agent / Realtor
Local Specialty: Victorville, Hesperia, Apple Valley
Exit Realty, Blaine Associates
16000 Apple Valley Road, Apple Valley, CA 92307
760-985-7439
www.exitmickee.com
Put my Expertise to work for you.
... more
0 votes 11 answers Share Flag
Tue Jan 14, 2014
Betty Hernandez answered:
there are many good investments in Hinkley, California, however PG&E seems to have a monoply on them and financing is impossible to get due to PG&E's intent to own the town and level all structures purchased. But, unless I am wrong about who LAWS pertain to, and think any loan providers can be controlled by a monoply brought on by one subject, anyone should be able to purchase property for sale, unless condemned, and to my knowledge, even though my property is listed as sold, it isn't and isn't condemned. In fact I haven't listed it at all. Maybe someone can clear this up for me. Who should I clear this up with? Is there an agency in Washington DC or should I just write to President Obama? He has been extremely helpful to my daughter I was told. ... more
0 votes 8 answers Share Flag
Sat Sep 14, 2013
H C Washington answered:
Lets schedule a tie to view your home and go through the details and then we an create a CMA
0 votes 17 answers Share Flag
Fri Mar 8, 2013
H C Washington answered:
Keith,
In today's market it's very competitive but that's no reason to move a buyer from the comfort zone. Purchasing a home is stressful enough without the added pressure from their advocate.. Your realtor needs a ceiling as far as purchase price but you can set your amount with the lender, figure out the amount need to close and move to a separate account so the agent only has that information not your complete available funds. Sorry for the ordeal you suffered through to purchase your home but these are a few suggestions when you're ready for your next purchase ... more
0 votes 8 answers Share Flag
Thu Feb 7, 2013
Brian answered:
There is no such thing as New Adelanto! Oh yes there is a newer part, and a great shopping center on Palmdale and 395, but drive there in the afternoon and night on a warm day. You might be horrified.

2 years ago my wife and I were looking at really bargain properties in "New" Adelanto. We saw lots of shady characters around, junky cars, poorly maintained properties, We told our realtor to get us the heck out of here.

Then we settled on Brentwood. Be careful. Looks can be deceiving. In the high desert there are many neighborhoods with trees, parks, sidewalks...and nice people can be found everywhere.. but just drive by in the evening and at night especially when its warmer weather. I was shocked at what I found in Brentwood. I bought during a cold season when the neighbors are inside. Had I known I would never have bought here either.

Do your due dilligance. Look for the socio-economic-racial make up of the local schools. Look for how the different cultures perform on their tests. There is a coorelation between poorly performing students and trouble in an area.

I grew up in the higher socio-economic area of Etiwanda/Rancho Cucamonga. The test scores at that time in the mid 90's were through the roof...I know I was a student at a very good school and the quality of the houses and neighbors was exceptional at that time. So look at the school statistics in the neighborhoods you are considering--even if you have no children.
... more
1 vote 6 answers Share Flag
Thu Feb 7, 2013
Bo Goulet, broker answered:
Asia;

When you obtain your loan, your lender will provide you criteria, in writing that must be met in order to terminate the mortgage insurance.

I personally terminated the mortgage insurance on my home loan.

Bo
... more
0 votes 6 answers Share Flag
Wed Dec 19, 2012
Johnny James answered:
She does stand a chance there are many programs out there for buyers in her position. All lenders do not require a high fico score there are other factors.
0 votes 9 answers Share Flag
Wed Dec 19, 2012
Mei Ling Wang answered:
I work extensively with investors, either locally or overseas. Most investors such as yourself are looking around 100K homes so that after property tax and insurance you will net about about 10% or sometimes higher return. However Prices in Victorville and Hesperia have been up about 18% since the beginning of the year, as other investors are seeing potential in this area. Prices around 140K is a little more realistic in this market due to the low inventory. Please let me know if you have any questions about real estate, I'm here to help.
Mei Ling Wang
A Member of the Council of Residential Specialists
DRE# 01893287
AGIO Real Estate, Inc.
Cell # 760-475-0099
... more
0 votes 7 answers Share Flag
Mon Nov 26, 2012
Paul Zaharia answered:
There are more and more rent to own properties. I can gather a list for you of about 50 properties, they'll be through out the place. From Big Bear, to Adelanto, Victorville, and many other cities. It's becoming more and more common.

Call me anytime if you would like more information
714-253-4566
Paul@BlvdBroker.com
... more
0 votes 7 answers Share Flag
Fri Oct 19, 2012
inna ivchenko answered:
So,
what did you choose back then?

Fair Isaac released a report that says credit scores are affected about the same, whether a seller does a short sale or foreclosure. Fair Issac says the average points lost on a FICO score are as follows:

30 days late: 40 to 110 points
90 days late: 70 to 135 points
Foreclosure, short sale or deed-in-lieu: 85 to 160
Bankruptcy: 130 to 240

Almost the same damage....but SS is gong away much sooner form your credit.
... more
0 votes 9 answers Share Flag
Thu Oct 18, 2012
inna ivchenko answered:
Sounds VERY wrong.....!

I hope, you brought RE attorney in.
now, it is probably too late, but if you need one, let me know.
0 votes 6 answers Share Flag
Sat Sep 8, 2012
Jamie Hennessey answered:
I just had a client that it took two days for a rapid rescore on his credit. Alot has to do with the lender and how on top of things they stay. I definitely have quality lenders that I can refer you to if you still are in need of any help. ... more
0 votes 4 answers Share Flag
Fri Nov 26, 2010
Emily Murphy answered:
From what I understand there are two different types of 203K loans. one is the FHA 203 (K) and there is also a streamline 203k for less extensive repairs (i.e. quicker).

You might find the links below to be helpful. Most importantly, speak to a loan officer experienced with these types of loans.

http://www.hud.gov/offices/hsg/sfh/203k/203kabou.cfm

http://www.hud.gov/offices/hsg/sfh/203k/203kslrp.cfm
... more
0 votes 4 answers Share Flag
Sun Nov 14, 2010
Daniel answered:
Sat Jul 17, 2010
Marlcame answered:
Be careful with RTO. I called on an advertised RTO property and inquired and was told the rent would be $1250.00, but the property wasn't for sale. Technically you're just renting at 2 or 3 times what a payment would be to purchase a property. ... more
0 votes 4 answers Share Flag
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