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Home Buying in 93550 : Real Estate Advice

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  • Local Info4
  • Home Buying5
  • Home Selling1
  • Market Conditions2

Activity 5
Rebecca Marv…, Real Estate Pro in Palmdale, CA
Tue May 28, 2013
Rebecca Marvel answered:
Johnny James, Real Estate Pro in Palmdale, CA
Sun Mar 17, 2013
Johnny James answered:
Juan A Borja,  in Palmdale, CA
Tue Aug 24, 2010
Juan A Borja answered:
Typical answer by the lenders and nothingg wrong with it, however in today's market, Asset managers of the REO prefer the buyer in the following order, cash offer's, convetional with a 20% or more down and last but not least is the FHA or VA loans. VA or FHA are government loans guarantee, meaning that they are more demanding from the seller, and as you know now a days the home that are REO the seller does not want to make any repairs, regardless of the price offered, their sales are AS IS, where as an FHA does have to meet the minimun requirements for the government to secure the deal. ... more
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Avi Maganda, Real Estate Pro in Apopka, FL
Tue Nov 17, 2009
Avi Maganda answered:
I would suggest to read your Lease.

Do you find a clause that prevents Landlord to sell the property during the Lease term?
Do you find a clause that prevents Landlord to show the property to prospects that want to Buy?
How much notice are you entitled to have to vacate?
Who is entitled to break the lease in the event of selling the property?

Everything should be there, just read and if you will find the answers....
Short Sale is a just a SALE,
It does not mean that the homeowner is necessarily behind his mortgage payments.
And since foreclosure take months, you probably are going to be able to finish your Lease.
You should consult a Local Real Estate Attorney that is familiar with your Estate Laws before to do anything.
... more
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