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Burbank : Real Estate Advice

  • All193
  • Local Info13
  • Home Buying58
  • Home Selling4
  • Market Conditions8

Activity 131
Mon Feb 6, 2017
Rich Reed answered:
Hi Sheri, that property has been "Active Under Contract" since 12/08/16. They may be accepting backup offers. Contact a local Realtor if you would like to make a backup offer. Thanks!
0 votes 1 answer Share Flag
Mon Nov 28, 2016
Richard Littlefield answered:
They used to have two programs and as a teacher you would have come under one or the other they were call Calstr (State Teachers Retirement) and Pers (Public employees retirement system). After the market meltdown they lost so much money they both seem to have been disbanded.

On the STRs website http://www.calstrs.com/home-loan-program it recommends considering a CalHFA or one of the related programs.

I can offer those is if you want, my phone number is 714-968-2500
... more
0 votes 3 answers Share Flag
Mon Aug 8, 2016
Sheryl Arndt answered:
Hello Lls207, thank you for your service. You can buy any type of home that is in good working condition with VA or CalVet loans. I am also a Veteran and love assisting Veterans. I am afraid that price range is going to be tough in Burbank but you will have to figure out what cities you will consider.

The purchase in Burbank start from 350k 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.

You will need to gather documentation such as DD214, eligibility certificate, one month paystubs/income documentation, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules if applicable, copies of drivers license/ID and social security card for each applicant.

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
... more
0 votes 2 answers Share Flag
Mon Aug 8, 2016
Sheryl Arndt answered:
Hello Marlenevella, you should go over all the options and numbers to make an informed decision. The 1000sf homes in Burbank are going for 500k to 600k for 2bd 1-2ba single family homes depending on upgrades, location, etc. If you want a 3bd home and more square footage they are going for 680k for 3bd 2ba 1200sf so it all depends on what you are looking for.

You can go with the 203k rehab loan up to $625,500 loan amount as a maximum. It will all hinge on what you want, the upgrades, another bedroom, another bathroom, type of roof, second floor, etc. If you like the floor plan you are in and there is room you can probably add on the square footage to make it work...

The 203k loan requires a cost coordinator to assist in the process of estimates. If you figure out what you want to do then a general estimate can be figured as well as other home choices...

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.

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. If you are doing the 203k you will also need a mortgage statement and your home owners policy papers.

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.

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
... more
0 votes 2 answers Share Flag
Mon Jul 18, 2016
Mary.hamilton23 answered:
If you are looking for an apartment for rent you can give rentberry.com a try. t's free to search property. There are no application fees and you pay only when you sign an agreement.
0 votes 2 answers Share Flag
Thu Jun 2, 2016
answered:
Sounds like a slam dunk to me.

Unless I am missing something. I do specialize in getting the lowest rate possible for people with less than perfect credit.

714-968-2500

Equal housing lender National Mortgage Licensing System #287206 CA BRE Lic # 01080071 ... more
0 votes 6 answers Share Flag
Wed Jun 1, 2016
Sheryl Arndt answered:
Hello Cd2enterprises007, there are to many variables to estimate without more detail. The type of roof, pitch, type of garage door, exterior door, foundation, etc. You ultimately will need to get estimates from all the trades involved or consult with a General Contractor.

Are you paying all cash or do you need financing? You can utilize a 203k loan and have assistance from a cost/price coordinator for the project. There are permits required from the city planning department as well.

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 a minimum 580 fico score to qualify. 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 1 answer Share Flag
Thu Apr 14, 2016
Sheryl Arndt answered:
Hello Rosemary, you should consult with an attorney or you can also check with the Inland Mediation Board of Los Angeles which is a free legal advice service for tenant and landlord disputes. Here is a brochure to call them and let us know the outcome.
Inland Mediation Board brochure http://www.under640ficoscoreloans.com/Documents/Inland%20Fair%20Housing%20and%20Mediation%20Board%20tri-fold%20brochure.pdf

You should study RENT vs BUY options as you may qualify to buy and pay less than rent in many local cities. The rentals in Burbank start from $1,895 for 2bd 2ba apartment and the single family homes start from $2,200 for 2bd 2ba and up. The purchase start from 359k for 1bd 1ba condo but there are surrounding cities with less rents as well as purchase prices.

Beware of the many rental scams out there these days on all sites. The scams are on all of the rental listing sites except one that us agents/broker use such as mls, multiple listing service.

You should not give anyone any funds or personal information without confirming with a licensed agent/broker or management company to find out whom you should be dealing with and the status of any address of interest.

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.

If you decide to buy 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% 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, 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
... more
0 votes 2 answers Share Flag
Sat Mar 5, 2016
answered:
The price in Burbank depends on the location of the property and other factors
0 votes 1 answer Share Flag
Sat Dec 12, 2015
Rich Reed answered:
Unfortunately, rental application fees are generally nonrefundable.

Please check page 10, Application Screening Fee, in the CA Tenant Guide for more info.
http://www.dca.ca.gov/publications/landlordbook/catenant.pdf

In your case I would ask the landlord if he would refund your fee under the circumstances, especially if he/she didn't follow the rules.
... more
0 votes 1 answer Share Flag
Thu Jun 25, 2015
Brad Korb answered:
There are quite a few cash buyers out there ,I would say in the Burbank market maybe 10%-20 % of offers are cash offers ! Good Luck !
0 votes 5 answers Share Flag
Wed May 20, 2015
Sara.eva answered:
If you qualify for a loan, there are many reasons to buy instead of rent. When you rent, you are paying money each month that you can never get back. If you decide to buy, your monthly mortgage payment each month will go towards the equity of your house that you can get back when you sell your home. Assuming the market continues to be strong as it has been during the last few years, the value of your home should go up with the market and you will make a profit when you sell.

One important piece of advice many experts give to those preparing for a new home loan application is to examine your debt picture–how much in monthly payments you have going out compared to how much money you have coming in.

Your participating VA lender will run the numbers on a VA loan applicant’s debt to income ratio--can the applicant truly afford the home loan when the amount of that financial obligation is combined with all other monthly financial obligations?

One area that leaves some feeling particularly vulnerable is student loan debt, especially for those who have high amounts of private student loan debt.

Some VA loan applicants manage to keep student loans from being added to this debt picture--do you know about how a student loan deferment could help your chances at a VA home loan?

> http://valoanguidelines.org/
... more
1 vote 5 answers Share Flag
Thu Apr 2, 2015
Sheryl Arndt answered:
Hello David, are you looking to buy an investment property to rent out as you are registered as a "Home Buyer" posting in "Home Buying in Burbank" asking a rental question?

Unfortunately the inventory is quite low currently and the rentals in Burbank start from $2,200 for 1bd 1ba condo and $2,290 for 2bd 2ba condo and up. The purchase start from 397k for 2bd 2.5ba townhouse which is as low as $2,000 down payment with a minimum 580 fico score.

You should study RENT vs BUY options as you may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. 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. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

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.

Beware of the many rental scams out there these days on all sites. The scams are on all of the rental listing sites except one that us agents/broker use such as mls, multiple listing service.

You should not give anyone any funds or personal information without confirming with a licensed agent/broker or management company to find out whom you should be dealing with and the status of any address of interest.

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.

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 1 answer Share Flag
Thu Apr 2, 2015
Sheryl Arndt answered:
Hello David, unfortunately the inventory is quite low currently and the rentals in Burbank start from $2,200 for 1bd 1ba condo and $2,290 for 2bd 2ba condo and up. The purchase start from 397k for 2bd 2.5ba townhouse which is as low as $2,000 down payment with a minimum 580 fico score.

You should study RENT vs BUY options as you may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. 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. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

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.

Beware of the many rental scams out there these days on all sites. The scams are on all of the rental listing sites except one that us agents/broker use such as mls, multiple listing service.

You should not give anyone any funds or personal information without confirming with a licensed agent/broker or management company to find out whom you should be dealing with and the status of any address of interest.

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.

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 1 answer Share Flag
Sat Mar 21, 2015
Jeffrey Jacobs answered:
Only you can be the one to decide which company is best for you. You need to interview many different ones in order to make this decision. You want to go with a company that offers the most training and support and will help walk you through your first few deals. You also want to make sure that the company you choose is giving you a decent split without all sorts of desk and transaction fees. Find a company that has a reputable name and following as well. Keller Williams happens to be one of the better ones out there and Im not sure if all of their firms or just some of them, offer profit sharing as well.

Regardless of which one you choose it will be difficult to get that first deal. Just be patient and make sure to constantly remind everyone you know what it is you do. Get a lot of business cards and everywhere you go, fairs, supermarkets, restaurants, etc., walk up to everyone and hand them a card, introduce yourself and what it is you do. Pick an area you know well and go door knocking passing out pamphlets and cards.

Keep at it be patient and dont give up. Its gonna suck for a little while but once you get that 1st one it will just get easier from there. Best of luck to you.
... more
0 votes 4 answers Share Flag
Wed Mar 18, 2015
Sheryl Arndt answered:
Hello Lynn, yes 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 and you can be emailed listings to fit your search criteria.

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. 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 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, loan program and how much you want to invest into the down payment and closing costs.

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 thumbs up or Best Answer!
... more
1 vote 2 answers Share Flag
Thu Feb 19, 2015
Linda Grigorian answered:
http://lacountypropertytax.com/portal/default.aspx
0 votes 1 answer Share Flag
Tue Oct 21, 2014
Miekeba Jones answered:
Hi Cpa Mba, Pricing it right is pricing it according to current market conditions in the area. Foreclosures tend to have issues like deteriorating from being vacant. Then you have a few foreclosures without damages and stress. So the prices will very with foreclosures and banks are not in the business of holding on to real estate. Banks would rather sell the property and this is the reason for their pricing. I would price a standard home according to current market prices. Sometimes banks with their agents intentionally price a home low to stir up a bidding war and sell the property for $10s of thousands more than asking. Work with a REALTOR in your area to get an idea of what your home if that is what you are inquiring about; would most likely sell for within your time frame. ... more
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