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92807 : Real Estate Advice

  • All20
  • Local Info1
  • Home Buying11
  • Home Selling1
  • Market Conditions1

Activity 18
Fri Jul 28, 2017
Theresa Ongkingco asked:
Thu May 25, 2017
William J Acres answered:
More info needed, but in general, if you cancel the file within 3 days of application, then the lender must refund you any monies you paid to them.. if however, you go beyond the 3 day waiting period, then the lender is not required to refund you any costs.. The appraisal fee is a 3rd party fee and would be subject to their policy.. typically, if the inspection has not been done, then they will cancel with a small cancellation fee (Say $100 or so).. otherwise, if the appraisal report was completed, then no.. you would not be subject to a refund. As far as the processing fee.. most lenders do not charge this upfront.. it's collected at closing.. in fact the only lender I'm aware of that charges an upfront processing fee is Wells Fargo.. This might have changed, but I remember a while back it was done on all transactions..

William J. Acres, California/Arizona NMLS 226347
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0 votes 1 answer Share Flag
Mon Aug 3, 2015
Nicole Fedorchek answered:
I can help you with this information! Please contact me directly!

Nicole Fedorchek, Tarbell Realtors
Gold Circle of Excellence
DRE 01920370 ... more
0 votes 6 answers Share Flag
Wed Jul 1, 2015
There are some ways to do it. But each would require special circumstances. For example if you are over 62 there is a loan, there are hard money loans etc.

The best thing is to work on your credit and see if we can improve it. I do it all the time, no charge.

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0 votes 2 answers Share Flag
Thu Jun 25, 2015
Hello Irmalmorales, yes there are many choices of loans such as stated income, bank statement programs which are from 30% down.

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
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7 or

If my response was helpful, consider clicking Thank, Link or Best Answer.
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0 votes 16 answers Share Flag
Mon Dec 29, 2014
Sounds like a bait and switch to me.

Let me know if you would like me to give you a second opinion.
Sophisticated Financial
Rich Littlefield
Mortgages / Business Funding/ Real Estate
9555 Warner Av. D Fountain Valley Ca 94708
office 714-968-2500
cell 714-421-1037
Fax 714-844-9202
Licensed by the CA Department of Real Estate License 01080071 NMLS License 287206
Equal Housing Lender
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0 votes 6 answers Share Flag
Sat Mar 2, 2013
Rochelle Chacon answered:
Yes you can add your sister in law to your will, Yoy should speak to a Will and Trust Attorney to find out the best way to do that.
0 votes 7 answers Share Flag
Sat Nov 10, 2012
Christopher Pagli answered:
You will have to speak to your bank to find out if you will even qualify for a short sale. It's not something you can just decide to do. Your credit is definitely affected with a shortsale but not as much as a foreclosure.

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0 votes 12 answers Share Flag
Tue Sep 4, 2012
Tim Day answered:
There are a few locations where Orange county trustee auctions take place. Certified funds are required for the full amount of the winning bid at the close of bidding. The trustee auctioneer will
qualify bidders by checking funds prior to opening bids. Very few properties are actually offered to
third party investor bidders. Even if a property is listed to be auctioned on a certain date, it is unlikely it will be auctioned. This is due to the many factors that could prevent the auction, namely, postponement, pending modification, bankruptcy, and many many more. Postponements can be made at the last minute as the trustee is in constant contact with the investor. The successful bidders at trustee auctions often work for full time property investment companies and usually either have another expert investor on the phone at time of bidding checking out the property and title issues, or are very familiar with the neighborhood and or home being bid on. This is because the third party investor cannot be 100% sure what properties will actually be opened to bidding on the auction date.
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0 votes 5 answers Share Flag
Thu May 24, 2012
Roberta Lisciandro answered:
This depends upon your financial situation. If you can afford both payments, then start constuction. If not, then you should hold off until your home sells. My best advice for getting your home sold quickly is to price it competively and provide easy access for showings.

If I can be of any assistance to you, please feel free to contact me.

Roberta Lisciandro, Broker
DRE # 01304345
Anchor Pacific Real Estate
(949) 456-1056
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0 votes 6 answers Share Flag
Wed May 23, 2012
Satar Naghshineh answered:
Don Tepper, Agent, Fairfax, VA Gave the best advice. I am surprised he even knew about the land trust. In order to get mortgage interest credit on the property, Bill Gatten's land trust (known as PAC Trust) is the best way to do it. ... more
0 votes 12 answers Share Flag
Thu Sep 8, 2011
Sharon Paxson answered:
Hi Sal - great question, and I would absolutely sell your house first. You can even ask for a provision in the sale of your home that it can be contingent upon you finding suitable replacement property. However,contingencies such as these limit your buyer pool.

If possible, I would sell, and rent back for a month or so until you are able to purchase your new home.

I wouldn't take the risk of having two mortgages - six months goes pretty quickly!

Hope it helps, and good luck!
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0 votes 22 answers Share Flag
Sun Jan 23, 2011
Let's clarify something here. Although the fees, and the amount the loan officer are making on this are definitely very high, the amount that is now called origination fee on the new GFE includes application fees, processing fees, underwriting fees, and doc prep fees. However, I know that my company falls in the low average range on this, and ours come to $1295. We do not charge points, which are included in that origination category, however I know that outside of the NY area most people do pay a 1% origination fee, but still, that would only add up to an adjusted origination charge of $2695 for your loan amount. You are $2240 over that. So, that is let's say an extra 1 1/2 points there, plus that 1 point origination, and there is a yield spread premium, which is your credit of $2100, of another 1/12 points.
The total commission on the loan is 4 points. I know there are some people that do this, and they make their clients feel like they are doing them a big favor to get them such a great loan. However, there are lots of people out there like me who wouldn't make that much in their dreams.
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0 votes 9 answers Share Flag
Thu Jan 6, 2011
emily cavazos answered:
0 votes 4 answers Share Flag
Tue Jun 22, 2010
Scott Godzyk answered:
If you are selling a property teh costs usually associated with the selling side is preparing the deed (100-150) transfer tax can be anywhere from $1 to $7.50 per thousand dollars of the sale price, this amount changes greatly from state to state. If you have a mortgage currently there will be a discharge fee for recording the discharge, the sellers costs in general are very minimal. if you are selling to yoru brother in law than you should agree together on a closing attiorney who can give a free quote on what closing costs will be. goodl luck with yoru sale. ... more
0 votes 2 answers Share Flag
Sat Feb 20, 2010
Karen Parsons Fiddler answered:
Hi Patty,

Are you using the Fannie Mae Homepath financing? That normally goes pretty quickly, if you are using another type of financing, your lender should be able to give you a timeline....start there.

Good luck

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0 votes 11 answers Share Flag
Thu Jul 9, 2009
Karen Parsons Fiddler answered:

I'm glad you find this site helpful....I think it's great to be able to talk in this type of a forum!

Home buying can be a bit like childbirth...might hurt during the process (although it shouldn't) but once you have that new baby-home- you won't remember the process!!!

Let us know once you've closed!!!

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0 votes 11 answers Share Flag
Wed Oct 31, 2007
Kurt answered:
Hi Sal!

Excellent question.............

What specifically would you like to know about the market in 92807?...what about 92808?

Are you looking from the perspective of a buyer or a seller?

I want to address your individual needs in my answer.

Feel free to call or Email me directly:
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0 votes 2 answers Share Flag
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