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92708 : Real Estate Advice

  • All21
  • Local Info1
  • Home Buying9
  • Home Selling1
  • Market Conditions1

Activity 15
Wed Apr 19, 2017
answered:
Hello Akirick, you could have him do a gift of equity and you would not have any mortgage insurance or down payment otherwise you will need to qualify and have a down payment. You will need to qualify for a mortgage to purchase and the minimum down payment would be 3.5% FHA or 5% down conventional from a minimum 720 fico score.

You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

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.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 4 answers Share Flag
Thu May 12, 2016
answered:
Hello Tomo5051, there are currently 43 homes for sale in that zip code and it can be broken down further.

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.

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
... more
0 votes 3 answers Share Flag
Mon Mar 16, 2015
answered:
Do think they should let the building fall down from termites?

f they are using pesticides they do have to notify you in advance.
0 votes 2 answers Share Flag
Fri Oct 24, 2014
CaliHomeRealty answered:
Hi Mary Ann - I have a mobile home listed right now. It is a 3 bed/ 2 bath, 1440 sf home in the South Coast Metro area of Santa Ana for $39,000. Please go to http://www.calihomerealty.com or call me the office for more information. ... more
0 votes 4 answers Share Flag
Sun Mar 9, 2014
Linda Hollinghurst answered:
Having more than one loan application with a different lender could cause problem's, the lender could say that you are trying to buy 2 properties at the same time and not give you the loan. ( I've had this happen). You should NEVER pay for an appraisal before you have a Loan commitment.
Having a pre approval letter from a Mortgage Broker or lender before you start looking for a home will help you determine what your purchase price will be and what interest rate you qualify for.
Listing agents ask for a pre approval letter before they will consider presenting your offer to the seller.

If you still have any questions please feel free to contact me.

Linda Hollinghurst
714-342-2525
Hollinghurst@roadrunner.com
Realty One Group
... more
0 votes 8 answers Share Flag
Sun Mar 9, 2014
Linda Hollinghurst answered:
You should ask this question before filing for Bankruptcy with your Attorney.
0 votes 4 answers Share Flag
Tue May 7, 2013
answered:
The easiest way is to just look at the rental ads for your area, see what everyone else is charging.
0 votes 7 answers Share Flag
Tue Mar 5, 2013
answered:
Sat Dec 8, 2012
Mack McCoy answered:
No, it becomes voidable. In my non-attorney opinion, you would not be obligated to complete the purchase, but you retain the right to do so; I also think you have a claim for the late fees.

As a practical matter, you're not going to get the completed home and the late fees. I would get an attorney first thing Monday morning to review the contract, and then - if I still wanted to purchase the property - negotiate an extension as well.

All the best,
... more
0 votes 3 answers Share Flag
Fri Jul 20, 2012
Vinny Tran / Mr. "Little Saigon" answered:
Hi Carole,

Depent on How Big the property is? How Messy is it? the bid could run from $200 - $2,000 ... As listing agent we prefer a cleaning crew also handle minor repairs for the property (with separate charges) ... signup and get connected with Handymen, gardener, painter, roofer, electrician ... ect. ect ... in your area ... team up with them for more Attractive Services offer to our Real Estate Community.

If you still have any more questions, Please feel free to contact us.

Sincerely
Vinny Tran / nancy Do
Mr."Little Saigon" & Associates
CA Broker ID # 01153694

www.VinnyTran.com
(714)531-2678
... more
0 votes 3 answers Share Flag
Mon Feb 20, 2012
Kimberly Adessian answered:
Good Evening Jen,
Both, Thom and Brian both gave you excellent advise. You should immediately contact the Broker and have a sit down meeting with him/her and go over your concerns and all of the paperwork that you have. The Broker should either take on your file personally or assign it to another Agent in their office that can represent you properly.
I am really sorry that this has happened to you.
My Best Regards,
Kimberly Adessian
Realtor with J.R.E. Estates Division
dre#01184473
... more
0 votes 14 answers Share Flag
Mon Feb 20, 2012
Ingrid Ski Realtor answered:
You can also contact escrow for some questions. Just as you can your lender
This way you can eliminate the middle person if you feel they are not doing a great job for you
You can contact their broker for help too. Maybe this agent needs to be trained more, maybe they are new or like you say just plain lazy
The agent should know something about the documents. I agree
Sorry to hear things aren't going as well as they should
Every agent is different in how they run their business and how often they go and get training to stay up on the market with the changes that happen with the documents, escrow requirements, and some lending trends too
Hope it all works out for you!!


Ingrid Ski Realtor
949-874-0432
OCAreaHomes@gmail.con
... more
0 votes 19 answers Share Flag
Fri Nov 11, 2011
answered:
Just a comment on what Emily said. Yes banks want short sales to sell for top dollar; then they take months to approve the short sale. Well, what buyer is going pay top dollar for a house, when they have to wait 6 months to find out if the bank is even going to approve it?

Emily is right, I would take it one step further, they should require by law a time limit for banks to either approve or decline short sales. The answer could be no, that is fine. But this is just one of thethe actions by the banks are destroying our housing markets.

Instead the banks undermine the colateral of the mortgages and then want to be bailed out with tax dollars.
... more
0 votes 10 answers Share Flag
Wed Mar 30, 2011
answered:
Elena:

Did you do your due diligence? In other words did you verify if you qualify. You can go to:

http://www.makinghomeaffordable.gov and fill out the pre-qualifier and look up your lender and the contact department and correct fax number to submit a modification request. Modifications can take up to 5-9 months until completion. Patience is a virtue. Contact your lenders loss mitigation department and ask for the name of your processor. If assigned. Assigning a processor can take a month or so.

California was given a $1.9 billion dollar grant to help homeowners where lenders won't. It doesn't hurt to get them involved as well. Here is the link to the CA Housing Agency handling the grant money.
http://www.keepyourhomecalifornia.org/

I own a modification business here in TN and don't give up there is hope for homeowners....

Best of Luck;

Christina Solorzano
... more
0 votes 14 answers Share Flag
Tue Sep 29, 2009
Rich Littlefield answered:
They probably will not foreclose anyway, even though as you say they property is worth more than is owed on the 1st. It would have to be very obvious that they could net out some money if they do.

Most junior liens are waiting these things out and hoping the 1st will foreclose, because then the debt becomes unsecured debt and believe it or not they have a better chance of collecting.
... more
0 votes 8 answers Share Flag
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