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95831 : Real Estate Advice

  • All35
  • Local Info2
  • Home Buying19
  • Home Selling3
  • Market Conditions1

Activity 32
Wed Jul 19, 2017
ldottman asked:
Thu Aug 18, 2016
Nancy Ludi asked:
Wed Aug 17, 2016
Derek Jones answered:
Is the home vacant? If not, knock on the door and talk to them. You can also go to the county assessor's office and get owner's address if they don't live there.
0 votes 1 answer Share Flag
Mon Aug 1, 2016
Derek Jones answered:
There is no cost to you to post your home for sale here or on Zillow. Go to Zillow and claim your home then choose sale by owner to post it for sale. Only issues you'll run into is agents don't check zillow/trulia for homes for sale and most advise their clients not to either as it isn't connected with our mls and isn't up to date. You will also most likely just have agents call you wanting to list your home with them. If you realistically want to sell your home you'll at the bare minimum hire a discount or flat fee agent to post it to the mls to get maximum exposure. ... more
0 votes 2 answers Share Flag
Thu Mar 3, 2016
Derek Jones answered:
I just did a search for that address and it's not coming up fsbo on here or zillow. It does however show their estimated value.
0 votes 1 answer Share Flag
Wed Nov 4, 2015
Jim Walker answered:
You will need at least two experts to get your estimated net from the sale.
1st: a listing agent (listandsellpros.com for my contact info)
2nd A licensed tax preparer or certified public accountant to calculate your state and federal tax liabilities.
3rd: depending on your motivation for selling and what you want to do with the net proceeds, you may need more help.
... more
0 votes 2 answers Share Flag
Sun Apr 26, 2015
answered:
Hello fnrosenzweig, you may now qualify ONE DAY after a short sale, foreclosure or deed in lieu with 20% down and minimum 620 fico score.

You may qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score.

You will need to be pre-approved if you decide to buy to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, home price, loan program and how much you want to invest into the down payment and closing costs.

You may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. 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
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt

If my response was helpful, consider clicking Thank, Link or Best Answer.
... more
0 votes 3 answers Share Flag
Thu Aug 15, 2013
answered:
I was just looking through old post and I noticed yours. If you were not able to refinance at the time of the post, I can certainly help you out now. You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.

Alex Greer
NMLS #1056079
... more
0 votes 13 answers Share Flag
Tue Aug 6, 2013
Bob Willett answered:
What others has answered is correct. The guidelines state you must wait a minimum of two years from the sale of a chapter 7 bankruptcy’s discharge (different for a chapter 13.) HOWEVER, Cal-Vet is a bit different. MY experience is that Cal-Vet will look at extenuating circumstances with a more sympathetic ear that other lenders can. Their rates are not as good as regular VA loans, but if there were extenuating circumstances it may be worth running your scenario past Cal-Vet. I’ve seen Cal-Vet do loans only a few months after a foreclosure! Again, it has to be a legitimate situation, but they do have more flexibility than other lenders do. ... more
0 votes 5 answers Share Flag
Tue May 21, 2013
ph_kosel answered:
Yesterday WHAT was "on rent" for $700??? No idea what you're referring to, could be they found a tenant of sold whatever it is or it burned down or they killed the listing because they were tired if silly questions. ... more
0 votes 2 answers Share Flag
Thu Jan 10, 2013
Michael Smith, MBA, MPM answered:
It is interesting the concept of being "upside down." I believe one of the biggest misconceptions about owning a home is the notion of it being an investment. True, many people make money flipping, buy/hold strategies, etc. but I believe a home is not an investment. It is a place to raise a family.

Think of it like this. If you rented your home and your landlord was upside down, would you in turn not make rent payments because the home is upside down? Why do you make your rent payments? Because this is where you live. Equally, you make mortgage payments because your home is where you live. People enter into 30-year contracts with banks. Both sides enter into an agreement. Regardless of what you paid for your home, you agreed to make 30 years worth of payments to the lending institution. The fact that the home is no longer worth what you or anyone (for that matter) paid for the home is irrelevant to the fact that you have a contract to pay.

I believe that we, as real estate professionals should do a better job on the front side. We are experts at explaining the benefits of home ownership but we really do a poor job (in my humble opine) educating on the risks associated with owning real estate.

43.1% of all FHA loans today are in some stage of default. 8% of Fannie/Freddie & subprime loans almost took down the entire country in 2007-2008. As we put our borrowers into loans, the conversation really should center on this question:

"Mr. Homebuyer, if this home drops from $200k today to $150k in three years, how committed are you to keeping your home and continuing to honor the contractual obligation you are about to make." Remember folks, it is a commission and a relationship for us; it is a 30 year ride for them.

Click on the link below for today's mortgage rates:
... more
0 votes 21 answers Share Flag
Thu Jan 10, 2013
Kylee Roe answered:
It would not hurt you to challenge it, but depending on what the failure of the property was--to serve as sufficient collateral, it may not be worth challenging. Like if you have an FHA loan and the property had many "health and safety" issues, the property would not qualify. If the property did not appraise at contract value, your agent and the listing agent can check market comparables and if there is a good case to present--that the property does value out--then they should make that case to the appropriate person (appraiser or loan officer?).

More than one way to resolve some property/loan problems, just depends what it is.

Good luck.
... more
0 votes 3 answers Share Flag
Sat Apr 21, 2012
Michael Smith, MBA, MPM answered:
I just got rick rolled by myself. I always make fun of people posting here when the original post is like 2 years old. Tonight I rick rolled myself by posting a comment on a topic from 2010.

HAHA!
... more
0 votes 9 answers Share Flag
Sat Apr 14, 2012
Jim Walker answered:
If you are applying for a loan, or applying for a short sale, the bank may ask you for 3 months of your bank statements printed out. When they ask for that, they want all pages - including pages left intentionally blank. ... more
0 votes 6 answers Share Flag
Tue May 10, 2011
Jim Walker answered:
There are temp agencies for that. Some specialize in real estate and mortgage personnel. Others are general office.
0 votes 5 answers Share Flag
Tue Mar 23, 2010
Jwebb209 answered:
Im not sure what it means either but im a potential home buyer and we put an offer on a house and the next day it went contingent this whole bidding war blows. Me and my wife keep getting our offers rejected due to cash offers or f**king investors, you have enough money so let the first time home buyers buy the houses you greedy bastards. We have looked at about 30 houses out of those 30 we were able to put 4 offers due to the fact that they are a little higher priced than i wanted to spend but i guess thats what i have to do to get a house due to all of these investors looking to buy houses and rent them out. Im just looking for a house to start my family in. So to all the investors F*ck off!!!!!!! ... more
1 vote 6 answers Share Flag
Mon Nov 30, 2009
Don Tepper answered:
No real difference regarding modular homes, as is noted below.

However--as is noted--it really depends on what'll hold the transaction up. For instance, I sold a manufactured home to a buyer a couple of weeks ago, and it took about 2 weeks...and it really could have taken less. It took 24 hours for the park (it's a land-lease situation) to run the credit and background checks and approve my buyer. We were doing owner financing, so there wasn't a wait for financing. There were some repairs on the property, and that took about a week. After the repairs were completed and the buyer inspected the property, he produced a check for the downpayment (certified funds), we did the paperwork, went down to the DMV together, then went back to the management of the community with evidence of the title transfer so that the land lease could be put in his name, and it was a done deal. ... more
0 votes 4 answers Share Flag
Sat Aug 22, 2009
Jesse Sierra answered:
Jane,

Even if two short-sales are accepted you have 7 to 10 days to do your due dilligence.
And, can backout if you don't like one or the other.

It seems that you are not working with a Realtor® because you are looking for answers on Trulia ®.
Final price is agreed by the seller (bank or trust holding the title).
Your best bet is that one of the agents below can help you out with this personally.


Happy house hunting,

Jes Sierra, B.Sc.
Realtor®
... more
0 votes 4 answers Share Flag
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