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90621 : Real Estate Advice

  • All16
  • Local Info0
  • Home Buying6
  • Home Selling0
  • Market Conditions0

Activity 13
Mon Apr 11, 2016
Sheryl Arndt answered:
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.

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% grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

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 specilist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7 or
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Wed Oct 28, 2015
Debra (Debbie) Rose answered:
if you want an unreliable computer-generated estimate of your home's value..............try - check out their "zestimate" of your home - it is notorious for being totally inaccurate, but if you don't want to speak to an agent, even though there is no obligation, and it is free, then go for it.

Just don't use that number to make any important plans or decisions
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Tue Oct 13, 2015
Nicole Fedorchek answered:
You can request a free home evaluation from my webiste, I promise I won't bug you to sell. You will only sell when you're ready to!!!
Nicole Fedorchek, Tarbell Realtors
Gold Circle of Excellence
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Sun Oct 11, 2015
wcm01 asked:
"downsize." I do NOT want to talk to a realtor now. Why do you no longer offer this "guesstimate" on your site? If you do, how do I find it? Thank you.
0 votes 0 Answers Share Flag
Mon Dec 17, 2012
Pat Little answered:
Pat Little - With a foreclosure you will not be able to buy for 3 years.
0 votes 8 answers Share Flag
Wed Nov 7, 2012
Leah Wise answered:
Give me a call, I can give you all the details. 714-875-6561. Thanks!
0 votes 2 answers Share Flag
Wed Nov 7, 2012
Barbara Robbins-Olexa answered:
I have handled rentals in all those areas and all are excellent. I live in Cypress and it is a small community with excellent schools. La Palma is also excellent and close by the Cypress and Cerritos. Cerritos has one of the highest performing high schools "Whitney High School" and Fullerton also has excellent schools too. Troy and Sunny Hills are high scoring schools for excellence.

If I can answer any other questions, please feel free to contact me at 714-296-7270.

Barbara Robbins-Olexa, Broker
L B Brokerage
DRE Lic#797560
Servicing Long Beach and Neighboring Communities for 33+ years
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Wed Nov 7, 2012
Leah Wise answered:
The rental market is a very tough and competitive market right now. I just leased out a really nice unit in Cypress for $1800/month. This one is in a really really nice area and I had 8 applications. Working with an agent will be really helpful to get you into places quickly and they would submit your application on your behalf. The other bonus is it doesnt cost you a penny, the seller pays the agent. We use the MLS for properties available for lease, I can set you up with a listingbook account which is directly linked to the MLS but you can totally control it. Another thing I can do it set you up on a drip so as soon as a property in your area, in your price comes available you would get an email. There isnt much, but you probably would be seeing a property or two a week that way and they would be current available properties. Good luck!

Leah Wise
Keller Williams Realty
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Wed Oct 24, 2012
Eden Lim answered:
Fri Oct 5, 2012
Eden Lim answered:
Wed Sep 12, 2012
Ted Canto answered:
Theresa, Aaron is correct about the under $100k in OC.. That is near impossible but I do believe you can get an FHA after 3 yrs from the date of the foreclosure.
0 votes 3 answers Share Flag
Sun Jan 11, 2009
Thom Colby answered:
Theresa -

I'm as confused as Randy with your question. I see at least three scenarios from your question -

1) A person lost their house and now wants to buy another for less money - If that's the case, the person who lost their house will likely not qualify for any loan for about 5 years. Foreclosure is a "Credit-Killer" and lenders just won't lend to people who didn't pay their prior mortgage. This person could purchase the house for cash but I think the prior lender who foreclosed on the property might have a method to go after them for the deficiency on the prior loan if all this cash re-appears. Also, they cannot re-purchase their prior (foreclosed) home, it must be an arm's length transaction - in other words not a relative.

2) A buyer is looking to purchase a property that was previously foreclosed at a much higher price than it is currently worth. In this situation the buyer must qualify with a lender to purchase the property unless they are paying 100% cash. It has nothing to do with the former owner.

3) Auction property - County / Lender Forecloure Auctions properties are to be paid for by Cashiers Check or using a Bank guaranteed Letter of Credit. Properties sold by Auction Companies such as REDC can be financed at the Auction after payment of 3% of the purcahse price is provided in certified funds at the auction. They have lenders on-site to close loans right there.

I hoep this covers your question - I'm just not sure !


Thom Colby
Broker & Realtor
Orange County, CA
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