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95209 : Real Estate Advice

  • All29
  • Local Info1
  • Home Buying19
  • Home Selling0
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Activity 25
Thu Aug 11, 2016
Angelica P answered:
Hello,

We are a real estate search engine so we don't represent the homes found on our site. Please follow these steps to begin your home search:

1. Click the 'Rent' tab at the top of our homepage.
2. Enter your desired city and state in the search bar and hit Enter.
3. Click 'Max Price' to select what your highest price would be to pay for a home. Click 'Min Price' to set the lowest price you would pay.
4. Select your preferred property type, square footage, allowed pets, etc.
5. Click the orange 'Done' button.

This will begin to pull up listings that are more tailored to what you are looking for.

If you are interested in a listing, click on the "Request Viewing" button. You can also take advantage of our vast network of agents here:

http://www.trulia.com/directory/

We hope your experience with Trulia is memorable and thank you for using Trulia for all your real estate needs.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/


Thank you for using Trulia!

Angelica
Consumer Care Advocate
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0 votes 1 answer Share Flag
Fri Jul 22, 2016
Angelica P answered:
Hello,

We’re excited you’re using Trulia for your home search process. We are a real estate search engine so we don't represent the homes found on our site. Please follow these steps to begin your home search:

1. Click the "Rent' tab at the top of our homepage.
2. Enter your desired city and state in the search bar and hit Enter.
3. Click 'Max Price' to select what your highest price would be to pay for a home. Click 'Min Price' to set the lowest price you would pay.
4. Click 'More Filters'.
5. Select your preferred property type, square footage, etc.
6. Click the red 'Apply' button.

This will begin to pull up listings that are more tailored to what you are looking for.

If you are interested in a listing, click on the "Contact the agent" button to get in touch with a real estate professional in your area. You can also take advantage of our vast network of agents here:

http://www.trulia.com/directory/

We hope your experience with Trulia is memorable and thank you for using Trulia for all your real estate needs.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/


Thank you for using Trulia!

Angelica
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Mon Mar 14, 2016
answered:
Oh I have seen that before.

I had a seller who cracked the floor tile moving out his refrigerator. Would not fix it. Worse yet the buyers agent told him it was not her problem. I was not notified at first of course by the time he got to me he was livid.

First thing is get a bid on how much to fix it.

In our case to pull up the 4 broken tiles and replace them was $250, I gladly wrote the check.

Once you have a reasonable number in hand on how much it would be to fix it, you will have a lot better luck getting someone to pay it.
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0 votes 3 answers Share Flag
Mon Nov 16, 2015
Kathy Lewis answered:
Your mortgage LO should be answering these questions.

USDA Mortgage Hub
100% USDA Rural Housing Loans
Serving all 50 states
Ph: 800-691-8826 (7 days a week)
www.UsdaMortgageHub.com ... more
0 votes 4 answers Share Flag
Sun Jan 26, 2014
catfish.enterprises asked:
Wed Sep 25, 2013
answered:
Well even though the sellers typically pay this tax, all things are negotiable. It will need to be paid, I would think that should be factored into the price. But you may have to pay it to get the house.

I would google the city building codes, or easier yet call the county recorders office, they sould tell you what it is.
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0 votes 5 answers Share Flag
Sat Jun 15, 2013
answered:
Sat Jun 15, 2013
answered:
All loans go back to the underwriter for final review, it is just standard procedure. There are tons of things that could have been left undone. Hopefully your loan officer has everything in there correctly, if so it is more of rubber stamp than anything. ... more
0 votes 5 answers Share Flag
Wed May 1, 2013
Twilight Sparkle answered:
My impression is that the continuing low prices (they've come up some but not much) as well as foreclosures have made the rental market more expensive than it needs to be. Homes that you'd be paying a $650/month mortgage PITI on, you can't rent for less than $1200/month. It's ridiculous and it's all because of greed. I don't mind investors making their investments, more power to them, but the fact that they get an insider track in the market and scoop up all the attractive homes in decent condition that are affordable instead of leaving those for the people who NEED homes in that price range, really makes me angry. It's completely unfair, as is the first-pick, always-preferred treatment they get from agents & brokers, when they have bags of money and can already simply outbid anyone by a mere $1k-$2k and get whatever house they please, drop of a hat. But no, the houses they snatch up never even truly see the REAL market. They might be "listings" temporarily to fool the public but they were never really for sale. Someone undertook to sell it and some investor got up with some broker to make sure they got it before anyone else ever even saw it. It's a really crappy jungle out there in that respect. But if that's your game you might see this as good news. ... more
0 votes 2 answers Share Flag
Tue Mar 5, 2013
V Kumar answered:
This is not legal advice. Please consult with an attorney for you take any steps towards making a concrete decision.

There are two types of bankruptcy filings and I'm going to try to explain that to you briefly.

CHAPTER 7 BANKRUPTCY
Banks are very aware that many homeowners are filing Chapter 7 Bankruptcy to delay their foreclosure. When filed, a Ch 7 will put an automatic Stay on all of your debts. That means that no creditors can proceed with debt collection. Therefore, immediately after the bank is notified of the filing they send their legal team to court to file a motion to lift the stay. Most banks are doing this so fast that the stay only keeps the homeowner in their house a few months. As soon as the stay is lifted, your house is back on the auction block and you now have a bankruptcy on your record.

CHAPTER 13 BANKRUPTCY
Similar to Chapter 7, when a Chapter 13 is filed it will stop creditors from collecting debts immediately. The difference is that Chapter 13s are the reorganization of debts. This will buy the homeowner a few more months, but the banks will still file a motion to lift the stay. Homeowners who are this delinquent are at a disadvantage in court against a valid creditor who has not been paid in an excessive amount of time. Again, as soon as the stay is lifted your house is back on the auction block and you now have a bankruptcy on your record.

FINANCIAL BENEFITS

CHAPTER 7 BANKRUPTCY
Chapter 7 Bankruptcy wipes the slate clean for people who qualify (qualifying for a BK is now tougher than ever). When approved, most debts can be released. This is a good choice for homeowners with a lot of unsecured debt (credit cards, personal loans...). Your mortgage is secured by your home, meaning that even after bankruptcy is filed they can still take your property. So the financial benefits only include removing unsecured debt.

CHAPTER 13 BANKRUPTCY
Chapter 13 is reorganization of debts. The judge is going to work with yourself and your creditors to plan out an acceptable repayment plan to all of them. Often the property will be removed from the BK as the delinquency is extreme and it is a secured loan. This is not a great option for homeowners looking to buy time.

CREDIT DAMAGE INCURRED
Bankruptcy: Filing any type of bankruptcy will have very strong consequences. Homeowners who file just to prolong the sale of their house disqualify from filing again for 7 years (in a Ch. 7). Therefore, you are vulnerable for that entire period. What happens if there is some medical emergency that incurs tremendous bills? You will not be able to protect yourself against getting your wages garnished. No matter what the debt or situation, you are no longer allowed to protect yourself because you used your 'free pass' on your foreclosure, which could have been handled much differently.Also, many companies pull credit and might not hire a candidate with a Bankruptcy on their record. In today's job market, can anyone afford such a big disadvantage?

However you do have other options to help you postpone your trustee sale without having to file for bankruptcy.

If you're looking to buy time in your house, you have a few options And you don't necessarily have to file for bankruptcy. Some of those options would include:

1) File a civil action and get a Temporary Restraining Order.
2) Develop a pro-active foreclosure litigation strategy.
3) Challenge/Subpoena the Trustee – Trustee Sale Verification.
4) Check if your loan has been Securitized and if it is, consult with an attorney who completely understands it.
5) List your property for a Short Sale.

If you need any assistance in this regard, please contact me by phone or email and I will do my best to help you or guide you in the right direction.
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1 vote 6 answers Share Flag
Wed Feb 20, 2013
Mike Mahesh answered:
I have a family listing in Stockton.
3 bdrm 1 bath in very good condition. ($105,900***FHA fine)
Home is sold FURNISHED and all furnishings are in excellent condition
All bedroom sets, living room, dining room, washer & dryer, refrigerator.
A Very well maintained home.
Seller is NOW retiring.
Agents please check it out!
Call out of area AGENT for appointment to show (626)488-7601
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0 votes 9 answers Share Flag
Tue Oct 30, 2012
Janet Ramirez answered:
You can purchase a home and not put up with landlord. Contact me for all the different loan options. No matter ur situation I'm sure I can think of a loan to fit ur needs!
Meanwhile you can contact fair housing for advise on the rental situation. 209-451-3471

Janet Ramirez
Real Estate Broker/Notary
Integrity Real Estate Center, Inc.
5904 N. El Dorado St. Ste. F
Stockton, Ca. 95207
209 598 1502. Mobile
209 472 0389. Office
209 472 0392. Fax
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0 votes 2 answers Share Flag
Tue Mar 20, 2012
Brian Head answered:
Since you filed Bankruptcy 7 years ago you can file again in the event that the lender won’t negotiate with you. But filing for Bankruptcy is only putting a band-aid on a broken bone. The best way to get your loan restructured is to talk to a Real Estate Attorney. An Attorney can make the bank feel as if there is a real threat behind a complaint bringing not only the Servicer into court but also the Investor. Once the Investor realizes they are being pulled into court, it's truly amazing how quickly they typically resolve the matter. The Attorney you work with should be first looking at your ability to afford a payment based on the government HAMP guidelines. When it comes to getting a loan restructured its all about the hardship that got you there and a snap shot of what your DTI (Debt to Income) ratio will be with a newly restructured payment. If the new payment fits the guidelines then you have a great shot at getting your loan under control. You don't want to talk to someone unless they want to talk about these two things first.
1. Hardship
2. Pre-qualify on government guidelines.

Brian Head, Realtor
Law Offices of Joel Feinstein
800 529-2959
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0 votes 5 answers Share Flag
Wed Dec 28, 2011
Dan Tabit answered:
Bill,
You've been robbed, call the police. They have the means of locating him via the license plate. File a report and hope they catch him.
0 votes 5 answers Share Flag
Tue Dec 28, 2010
Centermac Realty answered:
In California, the beneficiary always has the right to substitute a new trustee just before a foreclosure. It really doesn't what names appear on the form. You can do this without opening an escrow if you know what you're doing.

I don't see a problem using a form where a trustee's name has been inserted. I know title companies that provide free forms that name themselves as the trustees. Some people might for convenience refer the case to them for trustee's sales when the time comes to do the foreclosure. All you need to execute is the Substitution of Trustee to replace the existing named trustee with the one you're going to hire to do the foreclosre when you're ready to foreclose.
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1 vote 9 answers Share Flag
Sat Aug 14, 2010
Joanna Jensen answered:
Hi Maria,


what exactly do you want to know by asking to find out who owns your note??

I think this has been spread around as a way of stopping foreclosure and I would be very carefull thinking you can stop a foreclosure by asking for the note.

There are laws that the lender is required to respond to your Qualified Written Request about the owner of you note and deed of trust. Unless you do something like this with an attorney I do not think it will stop a sale for you.


If the lender is going to foreclose on a property they are required to show they own the note and have the ability to foreclose.

If you are in foreclosure I would ask for a loan modficiation. I think that may be a more effective use of your time.

Depending on your lender and the type of loan you have lenders are working with homeowners to modify their loans. We have seen Negative Amortization loans get great results with loan modfiications.

Easy way to tell if you may qualify for a loan modification is look at your gross income, if your first loan, principal interest taxes and insurance is more than 31% of your gross income you may qualify for a loan mod. Lenders want to get your payment down to 31% so you would need to have a payment more than that to qualify. If your home is underwater you may also qualify for a principal reduction.

Best of Luck

Joanna Jensen
Legal Assistant
Realtor

Volo Law Group
925 699 5041
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1 vote 7 answers Share Flag
Tue Mar 23, 2010
Randy Elliott answered:
Great answer Ute! I gave you a 'Thumbs up'!

The best thing to remember Me68848 from what Ute said is that you should definitely seek advice from the professionals such as a real estate attorney and a tax consultant. The issue of your deficiency is not something you'll want to sweep under the rug and just see what happens.

Good luck!
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1 vote 3 answers Share Flag
Tue Mar 23, 2010
Bob Movin-On answered:
The potential bidders will get to view the site a few hours before the auction and you do not need to let them in if you still occupy the home. Most trustee sales result in the bank taking the home back becuase they will bid a minimum of what they are owed plus costs.
In my earlier answers I had no idea this house was in this type of shape the likely hood anyone will out bid the bank is slim and no one is going to buy something that is not even built legally through short sale.
You need to understand the second has no right to anything if the first is foreclosing unless they decide to buyout the first and it sounds like that is never going to happen.
I think you better start trying to work with the bank unless you want to go through foreclosure the chances you would ever end up with a short sale are very slim with these violations.
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0 votes 2 answers Share Flag
Mon Jul 20, 2009
George Kininmonth answered:
Feroz,

You should be represented by an agent. Would you operate on yourself too? You should contact a local agent or broker professional to assist you.

George
0 votes 3 answers Share Flag
Sat Jul 4, 2009
Grace Hanamoto answered:
Thumbs up to you, Hannah, your posts always provide very illuminating information. Perhaps a blog with more information specifically about the process of credit repair would be highly read too!

Sincerely,
Grace Morioka, SRES, e-Pro
Area Pro Realty
... more
0 votes 4 answers Share Flag
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