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92805 : Real Estate Advice

  • All35
  • Local Info0
  • Home Buying27
  • Home Selling1
  • Market Conditions0

Activity 32
Thu Nov 17, 2016
Maricris A answered:

If you would like to post a rental on Trulia, you will be redirected to use our partner site, Zillow Rental Manager, to list your rental on Zillow, Trulia and other top sites. Please follow this link for instructions on how to post a rental listing:

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0 votes 1 answer Share Flag
Thu Mar 17, 2016
Arpad Racz answered:
Hi Merry,

A local agent can help you with the local market trends best. Some market trend data can be seen here:

Please let me know if you would like me to put you in touch with a local agent.

Kind regards,

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0 votes 1 answer Share Flag
Fri Jul 31, 2015
Duke Rag answered:
I appreciate your post.
I have worked with Hunter on several deals, and he doesn't fail.
He funds on a 4% interest rate on all terms, undermining the credit scores percentage.
Contact him today to get all your financial needs met.
Phone: (+1) 702 907 4308

Thank me later.

Mr. Duke Rag
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0 votes 3 answers Share Flag
Fri Feb 6, 2015
Nicole Fedorchek answered:
This is a 3-bedroom, 2-bathroom home with approximately 1457 square feet of living space on a 7841 square foot lot.
Please let me know if you would like any further information! I would be happy to assist you!

Nicole Fedorchek, Tarbell Realtors
DRE 01920370
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0 votes 2 answers Share Flag
Tue Dec 30, 2014
Nicole Fedorchek answered:
Check with your City Code Enforcement. An R-2 does allow a second residential unit on the property, but they might have restrictions on the structure.

Nicole Fedorchek, Realtor
Tarbell Realtors
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0 votes 3 answers Share Flag
Fri Jun 13, 2014
Merry amir asked:
Fri Jun 13, 2014
Merry amir asked:
Wed Dec 18, 2013
Jim Simms answered:
Of course it is dangerous for the buyer. Anything you do to “work around” the system that is there to protect your rights increases the risk of a financial disaster. It is a great deal for the seller, they get a non-refundable deposit on a deal that has little chance of every converting to a purchase. Obviously even some Realtors do not understand how this puppy works, evidenced by a previous answer that states half the rent applied to the purchase price. A mortgage underwriter is never going to allow that, they must follow the mortgage guidelines when it comes time to pay off the seller.

So the system that protects you turns around and bites you when you try to work around it. The plan drawn up in the beginning does not work as the buyer expects when the lease option period is over. When that day arrives the buyer thinks they have all this equity built up and the mortgage underwriter doesn’t agree, they can’t agree, they must follow the rules the parties tried to work around.

So the buyer can’t refinance the property to pay off the seller, unless they documented a sufficient amount for the down payment (not rent paid unless it exceeds the fair market rent). The buyer can’t sell the property because they do not own it. The buyer ends up walking away with nothing most of the time, my estimate is above 97%. I got that percentage from a real estate attorney that actually draws up a pretty decent lease option agreement. His contracts do reflect the mortgage underwriting guidelines and still 97 out of 100 never end up transferring title!

I think you get my drift, it is crazy to work around the rules on the front end and expect them to somehow magically save the day down the road.

The only way to address the risk is to word the purchase option EXACTLY the way the mortgage guideline for the type of loan you will use down the line is worded and even then it is risky. The guidelines change fairly frequently, expecting a bunch of changes next month.

I hope my insights keep you from losing money, but if you still want to pursue this I linked some additional info below. Good luck,

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.
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0 votes 3 answers Share Flag
Tue Dec 3, 2013
Kawain Payne answered:
Hello Lehan,

If both parties have signed the addendum, then they have a valid agreement. All parties should act in accord to the agreement.

In most cases the property is to be vacant three days prior to closing, but if both parties agree on one day...then one day it is.

I wish you the very best.

Kawain Payne, Realtor
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0 votes 16 answers Share Flag
Tue Dec 3, 2013
Kawain Payne answered:
Hello Samir,

You may be able to find a condo in that price range.

There are also other near by cities like Garden Grove to consider.

If you are in need of a buyer's agent or just want some info send me an email with your contact info. I would be more than happy to out some listings for you

Best Regards,
Kawain Payne, Realtor
Prudential California Realty
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0 votes 9 answers Share Flag
Sun Oct 27, 2013
Bradley Neumann answered:
We have fantastic rates and more importantly, streamline the process so you can get the cash quickly. Call or email for a free pre-approval in less than 10 minutes. We lend our own money and are licensed in 49 states.

We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (855) 415-5626.

Brad Neumann
Sr. Loan Officer
Crosscountry Mortgage Inc.
Toll Free: (855) 415-5626 ext. 5734
NMLS# 948036
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0 votes 16 answers Share Flag
Tue Oct 1, 2013
lendersnetwork answered:
Good idea to speak to a couple of Lenders in cash this happens. I can refer you to a few lenders that can help you with a cash out refi..
1 vote 6 answers Share Flag
Mon Sep 2, 2013
Cindy Davis answered:
Why not call the listing agent of the property to get your question answered? That would give you the most accuarate response!
0 votes 1 answer Share Flag
Sun Dec 30, 2012
Kawain Payne answered:
Hello Again,

Get yourself a realtor who works with renters. The market has changed. With so many people looking to rent, the scam artists are out in full force.

If you have a realtor working for you, you will not have to do the leg work.

Best Regards,

Kawain Payne, Realtor
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0 votes 5 answers Share Flag
Tue Oct 16, 2012
Peter Mohylsky answered:
This is the second time I have posted to this question. I have realy enjoyed watching the debates and I still that the election won't really affect prices. I do see a lot of demand building in the market place. Buyers and sellers are waiting on the side lines and will probably act before the end of the year. ... more
0 votes 12 answers Share Flag
Mon Oct 15, 2012
Morcos Azer answered:
Mon Oct 15, 2012
Morcos Azer answered:
The process starts with building permits, and then contruction loan is not a big deal. Here is the contact info of an expert who had helped in such situation: Emad 562.331.8936.
1 vote 4 answers Share Flag
Tue Jul 24, 2012
Claudia Muller answered:
You can go up to 80% of your value on a cashout refinance.
In this case, $332 total.
FHA will let you go to 85% of your value: $352,750
You can do a conventional with an equity line up to 90%: $373,500

So max to you: about $41,500

Hope this helps! cg
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2 votes 3 answers Share Flag
Mon Jul 16, 2012
Kawain Payne answered:
If you walk away from the escrow without Cause you will loose your deposit, unless the seller is feeling very generous and gives it back to you.
0 votes 13 answers Share Flag
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