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Home Buying in Baldwin Hills : Real Estate Advice

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Activity 22
Sun Nov 12, 2017
John Hiegel asked:
Sun Nov 5, 2017
Frank S. answered:
Hello Nquisitive13, if you figure out what cities/zip codes you are considering, minimum number of bedrooms, baths and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria from any agent.

They will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of their choice. Their qualifications will be determined by their credit profile, debt to income ratios, fico scores, loan program and how much they want to invest into the purchase.

The purchase in Leimert Park start from 268k for 1bd 1ba condo and the single family home start from 499k for 2bd 1ba home. Do they have down payment and closing costs or do they need down payment and closing cost assistance programs?

They may consider 3% down conventional from a minimum 620 fico score and 3.5% down FHA from minimum 580 fico score. They may consider down payment and closing cost assistance programs from a minimum 640 fico score. Check out the web reference link below...
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0 votes 1 answer Share Flag
Wed Aug 30, 2017
Gail Mercedes Cole answered:
Hi Marecia
I would contact a direct lender. They have to calculate annual income reduced by debts. Additionally, your FiCA score has to be verified. I you need help finding lender I will be happy giving 3 referrals. Good Luck!!

Gail Mercedes Cole
310.853.9933
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0 votes 11 answers Share Flag
Tue Jun 7, 2016
answered:
Hello Clifford, yes you may put 60k down if you would like. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card for each applicant.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

The purchase in 90008 zip code of Los Angeles start from 162k for 2bd 1ba condo and up. 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 you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ 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
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0 votes 3 answers Share Flag
Mon Nov 11, 2013
Gail Mercedes Cole answered:
Joyce,

Review all procedures at auction.

Gail Mercedes Cole
310.853.9933
0 votes 3 answers Share Flag
Sun Sep 22, 2013
Gail Mercedes Cole answered:
Janice,

Homes listed for sale are for sale. Homes for lease are listed for lease. If you are looking for lease check Trulia, Zillow, Craigslist and Westside Rentals.

Gail Mercedes Cole
EXP Marina del Rey
310.853.9933
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0 votes 2 answers Share Flag
Sun Sep 22, 2013
Gail Mercedes Cole answered:
Janice,

In L.A. generally foreclosed properties are not for lease. Banks want the properties sold. Have noticed that investors that have purchased foreclosure in the past recession years have fixed up the homes and leased because they could not sale at a profit. In this market if investor can get a profit they as well are selling properties.

Gail Mercedes Cole
EXP Realty Marina del Rey
310.853.9933
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0 votes 3 answers Share Flag
Tue Jun 4, 2013
Allan Erps answered:
Do believe the answer is yes if you have an Inspection Contingency or Mortgage Contingency(meaning Bank will not finance due to structural damage, liens etc.)
0 votes 5 answers Share Flag
Sat May 11, 2013
Silvana Fino answered:
Sounds like your agent may have a vested interest in the escrow fees or some other aspect of this transaction that exists beyond your relationship with him. Call the Escrow directly and ask them to cut their prices or choose another Escrow company.

Then call your agent and let them know you are thinking of withdrawing from the transaction due to his apparent bad faith.

I can guarantee the agent will get back on the ball.
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0 votes 24 answers Share Flag
Sat May 11, 2013
Silvana Fino answered:
I use Default Research to receive my daily defaults list.

If you want help buying those homes, give me a call.

Dinece Carmichael
Carrington Mortgage Services
Direct at: 310-567-8938 ... more
0 votes 2 answers Share Flag
Sat May 11, 2013
Silvana Fino answered:
Don't forget to get pre-qualified for a mortgage loan!! Knowing how much you are qualified to buy will help your Agent narrow the search.

Call me to discuss your financing options.

Dinece Carmichael
Carrington Mortgage Services
Direct: 310-567-8938
... more
0 votes 2 answers Share Flag
Sat May 11, 2013
Silvana Fino answered:
Are you talking about modification, refinance or purchase. NACA handled a large number of modification for Chase, Wells Fargo and Bank of America, but I am not sure how NACA is affecting you today. Can you clarify your question?

Dinece Carmichael
Carrington Mortgage Services
Direct at 310-567-8938
... more
0 votes 1 answer Share Flag
Mon Jan 28, 2013
Donny Opoku answered:
That means the property is delivered with an occupied tenant. Not my favor situation.
0 votes 6 answers Share Flag
Mon Jan 28, 2013
Donny Opoku answered:
For that price I would hire a professional realtor to assist you. Rather be safe than sorry.
0 votes 10 answers Share Flag
Mon Jan 28, 2013
Donny Opoku answered:
Mon Jan 28, 2013
Donny Opoku answered:
Hello,

What information do you need. The most important part is the percentage of the lease that goes into the principal.
0 votes 1 answer Share Flag
Sat Jun 9, 2012
answered:
Hi David,

Most lenders require at least a 620 middle score for a VA mortgage these days.
Depending on what;s affecting your scores, I may be able to help you raise them in as little as 3 days with a rapid re-score. If you need more extensive credit repair, I have a great company that I can refer you to. ... more
0 votes 3 answers Share Flag
Sun Jun 3, 2012
Endre Barath answered:
Radon, test is in line if you are concerned. I have only had one client who actually did the testing. This is more prevelant on the East Coast of the US. What I have heard that proper wentilation takes care of this issue. Even the Radon Inspectors require that you have the house sealed up for 24-48 hrs to get an accurate reading.
Should you still be concerned read up on the ways to mittigate Radon Gas.
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0 votes 4 answers Share Flag
Sun Mar 25, 2012
Kawain Payne answered:
Auctions can be brutal. Make sure you do your homework.

Get the address of the property you plan to bid on prior to the auction date.

Contact a title company and have them do a complete report on the proerty. You will want to know if their are any liens on the property, as they will become due and payable by you if you are the winning bidder.

Also keep in mind you are more than likely buying the home without the benefit of an inspection. You are buying "as is" and sight unseen. You need to have cash reserves for repairs if needed.

If you are up to the task, just have proof of certified funds, report to the auction and bid.

Best of luck to you.

Kawain Payne, Realtor
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0 votes 6 answers Share Flag
Wed Jan 4, 2012
Daniel Klein answered:
Your credit will update every 30 days, but your credit score ill only adjust should something materially change, such as a failed payment or great payment history.
If you are asking because you want to purchase your home, and you have taken care of your credit, you can ask for a rapid rescore, which they can get done within 24 hours.

http://intercapitalreport.wordpress.com/2011/12/20/5-legal-steps-to-perfect-credit/
This a great article on how to improve your credit.

All the best for 2012.
Daniel Klein
Broker
Over 1 Billion Sold
... more
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