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Home Buying in 93001 : Real Estate Advice

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  • Local Info5
  • Home Buying4
  • Home Selling2
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Activity 4
Thu Dec 5, 2013
Alexander Greer answered:
None.

Let me know if you need a recommendation for a real estate agent that can be on top of homes for sale that are in the area you want. This will help you get the property that you want.

Alex Greer
Loan Officer
NMLS #1056079
http://www.TheMortgageOutlet.com

408-352-5147
AGreer@TheMortgageOutlet.com
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Wed Dec 4, 2013
Bernard Goodman answered:
You will find that You would be able to add your name to the loan,but it is unlikely that the lender would release the current borrower from responsibility, and their name would remain on the loan. As mentioned in previous answers the loans now, and have done for some time carried a due on sale clause, and the lender will become aware the change when the insurance is altered to another name.

Should you add your name to the loan the current home owner would have to cover themselves legally just in case you should default in your payments. I have never done this with any of my clients,but I am fairly certain that a good real estate attorney could draw up a document that would protect the previous owner. However to give the previous owner that sort of protection would probably not be to your best advantage.

I would say that if you can afford the home then with the current rates of interest you would be better to just get a new loan. Keeping in mind that you would have to qualify for that loan. and if you can qualify it is possible to secure a loan with a very small down payment , although you would have to pay PMI (private mortgage insurance). But if it your desire to own a home of your own, and you do not have a large down payment it would be a much better way to go than putting yourself in a position where the loan could be called by the bank and you lose out.

Kind regards, Bernard Goodman Broker/ Owner Integrity Realty Ca Lic# 00693084
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Tue Nov 25, 2008
Heidi Golff answered:
Helly Beny,

The Brock Hills homes are beautiful. Yes, they do have foundation problems. Not all, but most. You can easily see them in the sidewalks leading to the houses, garages, patios, and other areas. The issue is not the foundations per se; it is the hillside itself.

Rumors abound, don't they? So far, the homes are still standing and the rumors have not come to pass. Anytime you purchase a hillside property, you want to see if there is any current information with regard to hillside stability. There will always be rumors!

Please make sure you get your information from a LOCAL realtor. The homeowners association has no information to give you in this. They are there to collect the $$ for commen area maintenance. Good luck, and if you decide to purchase a Ventura property, please call me - a VENTURA realtor!
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Thu May 22, 2008
Ted Mackel answered:
Heidi,

You're letting your personality out........and that's a good thing!!!!
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