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91001 : Real Estate Advice

  • All25
  • Local Info2
  • Home Buying8
  • Home Selling2
  • Market Conditions1

Activity 23
Fri Apr 28, 2017
Ssgaby14 asked:
is it legal not to mention that until you approve the tenant to sign the lease ?
0 votes 0 Answers Share Flag
Wed Mar 29, 2017
Nowadays you may qualify ONE DAY after a short sale, foreclosure or deed in lieu with 20% down. You have 3 years to wait before you can consider FHA 3.5% down from a minimum 580 fico score. You can consider conventional 4-7 years after.

You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation for each applicant.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA or CalVet loan specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 11 answers Share Flag
Mon Aug 1, 2016
Sutterandpowell asked:
address: 1144 E. Altadena Dr. Altadena Ca
0 votes 0 Answers Share Flag
Tue Jul 19, 2016
Rich Reed answered:
It's possible, but not very practical. If the terms and the location are such that applicants will apply sight unseen then maybe. If you want to list it with a Realtor and have it on the MLS you could withhold the address from the internet and have your Realtor show it to pre-qualified tenants only. ... more
0 votes 1 answer Share Flag
Mon Jul 11, 2016
Cheri-paul asked:
Mon Apr 25, 2016
I would be more than happy to get you pre-approved.

I do not check replies, so if you have a comment or question email me here:

Alex Greer
Loan Officer
NMLS #1056079
... more
0 votes 1 answer Share Flag
Sat Mar 21, 2015
Ernie Behrle answered:
I am seeing more and more people with the problem of having their homes posted here even though they are not for sale. I would suggest you go through the Help Desk. You can find access by scrolling down and looking for the link at the bottom right of any page on here. Good Luck ... more
0 votes 1 answer Share Flag
Fri Oct 10, 2014
Von Bonilla answered:
Hello Karen,

You can look for rentals at

0 votes 6 answers Share Flag
Mon Dec 2, 2013
Kevin and Julie McLaughlin answered:
0 votes 8 answers Share Flag
Sun Mar 10, 2013
Sharon Verani answered:
The market is now very active- it is a great time to sell your home! This spring the buyers are out in droves and ready to commit while interest rates are still low.
0 votes 11 answers Share Flag
Wed Oct 24, 2012
Sarkis Aleksanian answered:
No real restrictions on the number of people on the loan. But the loan would have to make sense with multiple people applying for the loan from the perspective of the lender. The primary question will be which applicants will be occupying the property and if the addition of other applicants disqualifies the purchase as an "owner occupied purchase" or not. ... more
0 votes 3 answers Share Flag
Mon Jul 16, 2012
Dante Underwood answered:
I would value this with the Altadena address and look at what it would be also with the Pasadena address. You have to look at both sides to be able to have a better understanding of what can happen in this market. Also looking at what schools are available to you will help you identify what to expect when you go to sell the property. Homes in the North part of NY have sold for more than the south but it will also depend on what amenities and things your home has to offer and what homes have sold for in the last 6 months when putting your home on the market. ... more
0 votes 1 answer Share Flag
Thu Oct 27, 2011
Gilda Anderson answered:
Hello Zinnal.

Look at 970 Lehigh, off of Windsor, just south of Woodbury. It is a 1346 sf, 2 bedroom, 1 bath home with a pool on the market for $259,900. This home is bank owned (a foreclosure).

Before you seriously start looking I cannot emphasize enough tht you need to GET PRE-A PPROVED for a loan. Please let me know if.I can help you. Altadena/Pasadena/LaCanada are areas I specialize in.

Gilda Anderson, GRI
Realtor, Notary Public
Podley Properties
... more
0 votes 3 answers Share Flag
Sun Jul 31, 2011
Gregorio Denny answered:
Everything you need to know can be found here.
Consider it your 1221 page text book.
0 votes 1 answer Share Flag
Tue Aug 10, 2010
Chris Richter answered:
It depends. If you're talking about enough extra down payment where it changes the PMI or rate on the loan, then sometimes an increased down payment is the better path.

If it doesn't change the PMI or rate, then it effectively made zero change. Then you might have been better off buying down the rate.

A third option can sometimes be better. Cash reserves are "cool" again.

Given Price, Loan Amount, Credit Score, and the amount of "Extra" money, you should be able to get the pro's con's of each program over time.
... more
1 vote 5 answers Share Flag
Sat Jun 12, 2010
Hannah Fliegel answered:
Hi S,
Your lien holder in second position is a recourse loan. This means that the lender does have recourse to go after you if you do not pay them. For example, they can remove their interest on the property and go after you personally. The can either take that ‘debt’ which is a commodity and sell it to a collection agency or a vulture fund. The collector can take that ‘debt’ obligation to court in effort to get a deficiency judgment against you. With a deficiency judgment that debt obligation is a better commodity and can be sold or traded. Once the court issues a deficiency judgment against you the creditor will then be able to garnish wages, go after assets, place liens on property etc. There is also a statute of limitations that you may want to consider because many folks think that they do not have assets but in 5 years you might and guess who is there waiting for you?
This is the reason that bankruptcy is so common with regard to foreclosure and real estate in general. You might be able to negotiate a settlement with the lender. For example, I owe you $50k how about taking $15k and we call it a day? Good luck!

Hannah Fliegel, FICO pro
The Credit Repair Expert
... more
0 votes 3 answers Share Flag
Sun May 23, 2010
Carrie Benuska answered:
Hi Carly! I am an agent in the Altadena/Pasadena area. My mom was a single mom, and I very much respect your desire to own a home. I would be happy to discuss the options with you, and try to get you on the road to home ownership. Feel free to contact me. ... more
0 votes 2 answers Share Flag
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