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Home Buying in Brea : Real Estate Advice

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  • Local Info4
  • Home Buying56
  • Home Selling1
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Activity 73
Mon Jan 8, 2018
Pburke answered:
I just refinanced my home. When the check came to me with the money I took out, it was made out to my car company. With a letter that said per agreement of loan you need to pay off this bill (something like that) My broker never said anything to me about this being part of the deal. Yes when I went back and looked at paperwork, it is on there, with my initaling the bottom of the 150 pages. But no one pointed this out. I have the money set for things to upgrade my home that are needed. Can the loan company tell me what I can do with the equity from my home? I have not cashed the check and have called back my broker ... more
0 votes 84 answers Share Flag
Sat Jul 1, 2017
Kathy Burgreen answered:
The way it works is lenders will call your employer the day before or the day of your closing to verify that you are still working there and to verify your income. Also lenders do a random check AFTER closing to verify employment and income. It's random so you may not get caught.

If you want to switch jobs, notify your lender immediately. If your new job is salaried and receiving a W2, you just need 1 month of pay stubs before closing on your new home. If your new job is an independent contractor or you will receive a 1099, lenders will need 2 years employment before qualifying you for a loan.
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0 votes 1 answer Share Flag
Wed Jun 21, 2017
Scott Godzyk answered:
It could, your lender will require verification of employment to approve the loan and again right before closing to actually close. Check with your loan officer to see what they can do
0 votes 1 answer Share Flag
Mon Aug 22, 2016
Mfrontino asked:
I put $20,000 of solar panels and 280,000 in site work. Org app shows $385 sq ft new app $145 sq ft garage $100 sq ft new app $35. sq ft Home is now 2 yrs old.
Please give me some directions…
0 votes 0 Answers Share Flag
Thu Aug 4, 2016
answered:
Yes, maybe, try the free legal aid, they are good at that kind of thing. The new owners are being aggressive about getting you out. If you have a valid lease they may need to let the lease run out, or at least give you a 30 day notice.
The old owner probably turned of the utilities if t hey were in his name. Hard to sue the new owners for not putting the utilities in their name.
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0 votes 1 answer Share Flag
Wed Aug 3, 2016
Lashanda Golden asked:
The house has been sold in a sheriff sell. A week ago she has had the utilities shut off. i have children in this house. She has come to the house on numerous occasions and tried to have…
0 votes 0 Answers Share Flag
Fri Jul 22, 2016
answered:
I am guessing you are using the wrong terminology, are you asking if after they have file a foreclosure, can you then do a short sale?

Once the foreclosure is finalized you would no longer have the property to sell as a short sale. But if you are in foreclosure the lender will most definitely consider a short sale.

I hope that answers your question. I worked at a major bank with the "Loss Mitigation Department" for three years. I have a back ground in understanding foreclosure, short sales etc.

I am always willing to help people who are in that situation though I am not a lawyer. Anyone who reads this who needs help is welcome to call me. 714-968-2500
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0 votes 2 answers Share Flag
Thu Jul 21, 2016
S2009 answered:
bribe agent, which bribes the bank. It's real! but don't be fooled by the fact that short sales don't always turn out to be the best deals. I say most don't (in neighborhoods that are in good demand). don't just stick for short sales, better deals to be had in normal sales. ... more
0 votes 11 answers Share Flag
Thu Jun 30, 2016
answered:
Hello Megan, did you get your loan funded? You would qualify for an FHA loan with these types of issues with your job and school history.

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 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.

It only takes a few dozen questions to qualify and go over your options. 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
... more
0 votes 6 answers Share Flag
Thu Jun 30, 2016
answered:
Hello Monica, did your lender get your loan funded? Do you need advice or assistance?

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
... more
0 votes 1 answer Share Flag
Tue May 24, 2016
answered:
Hi Rcurtis,

You should get a 2nd opinion from another lender.

Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
Apply Online: https://secure.smartapp1003.com/102471/?loanofficerid=106115
(877)228-9069
NMLS# 787231
http://www.trulia.com/profile/john-burke-mortgage-broker-or-lender-austin-tx-993995/reviews
... more
0 votes 2 answers Share Flag
Fri Feb 26, 2016
answered:
When you hand them your qualification letter that says "if you have any questions please call." You pretty much gave them permission to call.

The fact that you have more money, does not give them the right to ask for it. ... more
0 votes 2 answers Share Flag
Fri Dec 18, 2015
Susan Smith answered:
It can be a good thing. You are getting $5000 to upgrade items that you would like and it is increasing the value of your home. Many new home builders give incentives to home buyers at the beginning of a project to " jump start" it or at the end of a project to "close it out" so they can move on to their next development. You will find some builders giving incentives at year end. Good luck! ... more
0 votes 7 answers Share Flag
Tue Oct 13, 2015
Nicole Fedorchek answered:
That depends on a few factors
1- were contigencies removed ?
2- Did the sellers withhold information about the property?
3- What does your contract say?

This question is best directed back to your Realtor!

Nicole Fedorchek, Tarbell Realtors
Gold Circle of Excellence
714-914-5097
realtornicolef@gmail.com
www.nicolefedorchek.com
DRE01920370
... more
0 votes 4 answers Share Flag
Wed Sep 30, 2015
answered:
Hi Rae,

The first thing you need to do is contact a lender and get pre-approved for a mortgage. Once you've been pre-approved you'll be given a pre-approval letter so you can start shopping for a home.

I specialize in VA financing & would be honored to help you.

Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
(877)228-9069
NMLS# 787231
http://www.trulia.com/profile/john-burke-mortgage-broker-or-lender-austin-tx-993995/reviews
... more
0 votes 6 answers Share Flag
Tue Aug 18, 2015
answered:
Now there is a question as to where you are. It says Brea and Hanover PA. If Brea you may not get a USDA loan as the whole city is ineligible. Most of Hanover PA is not eligible either. As far as having a well under the house, I am not sure that is problem. To find more out about USDA loans go to :

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

USDA that I have done required a septic and well inspection. Watch out they have drastically lowered the loan amounts on these as well.
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0 votes 2 answers Share Flag
Fri Jun 26, 2015
JUSTIN TYE answered:
Hello kimj247,
As a first time buyer they shouldn't be making your son take a "budgeting class" and do you know where that money will be going towards? Just make sure that there isn't any problems with your son's transaction. Good luck. ... more
0 votes 3 answers Share Flag
Mon Jun 1, 2015
answered:
Underwriters report to know one. They require no licensing from the government. The only people you could report is the lender as a whole.

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
... more
0 votes 1 answer Share Flag
Sun May 31, 2015
angelinaballerina answered:
'I'm in the same boat. Loan officer stated that my file went to underwriting on March 17th. On May 18th, I get an email from a newly assigned loan processor that tells me the loan is approved and back from underwriting. This is an FHA loan. I have been working with the loan officer since January. They tell me this week that I have an open judgment. I send them my chapter 13 bankruptcy discharge papers again, as well as the final order of relief, in which creditor in the judgment was included. They are still telling me they want something to show it has been cleared. I had my lawyer send a letter reiterating the obvious in regards to the bankruptcy, but I don't think its going to fly. I am 18 days until closing.....are you kidding me!!!!!! ... more
0 votes 4 answers Share Flag
Tue May 26, 2015
Conrad Hodgson answered:
Meeting with a loan officer is the first step so that you can collectively determine how much you can borrow. I recommend speaking with a few mortgage brokers before deciding. You will need to provide several employment, tax and income paperwork to get to that determination. Knowing how much you qualify for will help you set parameters for your search.

Once you are pre qualified for your loan you may wish to interview a few Realtors in your area to determine who you feel comfortable with. Once you feel that the realtor you choose is knowledgeable with your market you are ready to view homes.

I hope this help. I know a great broker down your way so let me know if you would like to meet with him.

Good luck and God Bless. You are about to embark on a very exciting journey:-)
... more
0 votes 8 answers Share Flag
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