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Chatsworth : Real Estate Advice

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  • Local Info1
  • Home Buying14
  • Home Selling2
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Activity 30
Fri Apr 7, 2017
Tono2 asked:
Mon Sep 14, 2015
answered:
John,

On that loan I am going to beat the PERs loan by quite a bit. My rate with a lender credit to cover all of your closing costs is 3.625% APR on a 30 year fixed. Typically the PERS Lenders will be closer to 4.02 APR and about $6,000 in closing costs.

So you would save $5000-$6000 up front and your house payment would be about $250 a month less.

How do I beat them by so much, I keep my overhead down and pass on the savings.

Call me if you would like me to do that for you.

714-968-2500

NMLS 287206
... more
0 votes 2 answers Share Flag
Thu Jun 18, 2015
Farzi Manizani answered:
Hi there, Chatsworth is a tricky city, it has really expensive parts and not so good parts. You are more than welcome to contact me and I will try to give you the best advice I can. Or you can just post a bit more about the property and then I can try to tell you if I think it's worth the venture or not. ... more
0 votes 2 answers Share Flag
Mon Aug 4, 2014
Jacqui Rum answered:
Are you still looking to buy in the SF Valley?
Send me a message, I would love to help!
0 votes 3 answers Share Flag
Sat Dec 28, 2013
Mack McCoy answered:
- Those are all good questions, thank you for your reply. Asking price for the property is around 150,000. Next, I'm being prequalified to see how much I can afford to borrow and out of that how much I can afford to put towards renovations. Lastly, I'm not purchasing this to flip but to live there, as this is a nice, quiet area. How much it will be worth when finished is a question I'm not prepared to guess on right now.

Rosie, our answer is going to be predicated on the future value of the property, because - if you can buy this property for $150K and put $75K into it, but the property when finished is only worth $200K . . . we'd advise you to take the $225K and find a place better suited to your needs.

How much trouble can you get into? Well, mostly, only financial trouble! Since the property isn't currently habitable, any loan you get will require that it becomes habitable, and there will be a timeline to adhere to. You won't be able to "get to things" as you find the time.
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1 vote 3 answers Share Flag
Wed Nov 6, 2013
Rachel Tetrick answered:
Only if the down payment will be higher and you would also need to notify the title company and your bank.
0 votes 4 answers Share Flag
Mon Oct 7, 2013
Ron Rovtar answered:
Hi Robertdole:

I had just answered a similar question for another person when I came across this question. Here is the gist of that answer:

Always interview several agents. Find a good personality fit. Rely on your instincts. Be careful if you get a bad feeling about someone.

Ask a lot of questions. Write the questions down so you don't forget an important one. Include a range of subjects, including some about the local market, how the agent handles particular situations, the home buying process and the agent him/herself.

Eliminate agents who blow off hard questions, offer terse answers, provide answers that sound off, or act as if you should not bother yourself about understanding the process.

However, it is perfectly reasonable for an agent to research an answer and get back to you. If the agent does get back to you quickly, that is a good sign.

Good communication is among the most important attributes you should consider when hiring an agent. Lack of communication skills is among the biggest complaints from clients who have had a bad experience with an agent.

Thus, paying attention to agents' communication skills before hiring him or her will go far toward making sure you have a good experience with your next home purchase.

Kind regards,
Ron Rovtar
Prudential Real Estate of the Rockies
303.981.1617
info@rovtar.com
http://www.rovtar.com
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0 votes 17 answers Share Flag
Sat May 18, 2013
Kathryn Alesandrini answered:
You'll need to read the fine print of the agreement you signed with the home inspector. Most inspection agreements severely limit the responsibility of the inspector. Also inspections often recommend further investigation by a specialist such as a roofer, electrician, plumber, pool contractor and so forth. The typical inspection lasts a few hours and costs a couple hundred dollars. It would be virtually impossible to detect all defects in that timeframe. I've had buyers pay for multiple inspections during escrow including an on-site mold analysis. Armed with a mountain of evidence, these buyers know exactly what they're getting and often can renegotiate the purchase price prior to the close of escrow. ... more
0 votes 6 answers Share Flag
Thu Apr 11, 2013
g.staub answered:
what does this mean? "backup"???
0 votes 6 answers Share Flag
Mon Feb 18, 2013
fayfiroz5 answered:
Hi Jane;

Thanks for prompt responce.

As you read my e mail I am looking for 2bed/1+bath One story sunny and bright in nice areas closer to Woodland hills that my daughter is living. I would like 55+ active community. Because I am 63 years old very active out going person. If I do not work any more like to be busy.

Wright now I am working out of town and looing on line for property to find a good safe place to live comfortably when I come back home on first week of April. I like to look at without waisting your time and my time to buy a home. My price range is between 175,000 - 250,00. I am paying cash.

Looking forward hearing from you.

Best regards

Fay
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0 votes 6 answers Share Flag
Mon Feb 18, 2013
SERGEY FEDNOV *** 424-777-9377 answered:
Please call Me 424-777-9377 I'll find you a good property in the area of woodland hills , chatsworth Maybe west hills , etc...



____________________ 
Help with Any Real Estate Transaction - Buy or Sell  

Call me 424-777-9377 -  FREE CONSULTATION!  


Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777. 


Sergey Fednov 
President - Realtor® 
- Trust Sale Realty - 
Residential & Commercial Real Estate 
_______________________________ 
Toll Free: 1-855-TRUST-55 
Toll Free: 1-855-878-7855 
Phone: 424-777-9377 
Fax: 310-356-4925 http://www.TrustSale.com  http://www.TrustSaleRealty.com 
- We Hire CA Licensed Real Estate Agents - 
Lic# 01896869 
 
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0 votes 7 answers Share Flag
Tue Dec 4, 2012
Dante Zena answered:
I am a Loan Officer with Inhouse Lender. We are a direct lender to several banks I'd be more than happy to take a look at your current senario and see if we can find a loan program that can work for you.


Dante Zena
Loan Officer
NMLS#953613
Office 877.840.6194 ext 234
Mobile:310.804.4646
Fax: 877.840.6194
dante@ihlender.com
... more
0 votes 4 answers Share Flag
Mon Nov 5, 2012
Karen Lebens answered:
The banks take a very long time to get the approval letter out, especially if they are out of the country. We have been in a short sale deal here in Chatsworth where the buyer is paying cash & the bank is in India. They have to make appointments with us in order to discuss the file. It is ridiculous seeing we have all the paperwork in, the buyer is paying cash, the bank loses paperwork, etc & it has been 1 month w/ no approval yet. Have you opened escrow yet? ... more
0 votes 5 answers Share Flag
Mon Sep 17, 2012
Sean Hess answered:
Sun Sep 16, 2012
Carla Muss-Jacobs, Principal Broker/Owner ~ Exclusive Buyers Agent ~ ABR, CEBA answered:
Yup, it can take a while. even if a buyer is paying cash, it doesn't matter.
1 vote 7 answers Share Flag
Tue Sep 11, 2012
Ken Dorfman answered:
Not much. My firm does about 75% if its business in short sales. Despite all the promises from the banks, the noise from the Treasury and HUD, we haven't seen much in the way of improvment in the last year or two. It is better than it was 5 years ago, but still slow, overly complicated, frustrating, but, from a value stand point, well worth the hassle.

Ken Dorfman, Broker
Kenneth B Dorfman Real Estate
DRE# 675912
Phone 888 846 0688
E-Mail Ken@TheRealEstateOffice.Biz
... more
0 votes 7 answers Share Flag
Fri Aug 26, 2011
Shane Milne answered:
What law have they violated? The Fair Housing Act? Equal Credit Opportunity Act? Are you being discriminated against because of your race, color, national origin, religion, sex, familial status or handicap (disability)?

Let me know which one of these you believe the lender has violated: http://www.federalreserve.gov/boarddocs/supmanual/cch/fair_lend_over.pdf

You can read about Fair Lending Laws & their enforcement in this publication by the Federal Reserve Bank of Richmond http://www.rdmesq.com/downloads/CH_20_-_FAIR_LENDING_LAW.pdf

From what you said, it doesn't sound like the lender has violated any Fair Lending Laws. It does, however, sound like they have a bunch of monkeys in their back office (no offense to anyone who has a monkey, or monkeys themselves), which to my knowledge doesn't violate anything (except for perhaps local laws on keeping wildlife in a place of business, if indeed they do have monkeys working for them). However you should conduct your own audit on them - as it sounds like you know exactly what should have happened, so you should be able to give them a call and find out why they think what they think... and you can tell them what they think is incorrect, and provide proof of it. Right?

It also sounds like you have an approved modification. What are you looking to get out of what you'd be planning on doing?

http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/ramh/res/rightsmtgesrvcr & http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea10.shtm explains "Your Rights and the Responsibilities of the Mortgage Servicer" when it comes to handling payments, escrow accounts, etc. You can even write them what is called a "qualified written request under Section 6 of RESPA" which, by law, they must respond within 60 business days.

It states under Posting of Payments:

'The servicer must credit a payment to your loan account as of the day it is received. Some consumers have complained that they’ve been charged late fees, even when they know they made their payments on time. To help protect yourself, keep detailed records of what you’ve paid, including billing statements, canceled checks or bank account statements. You also may be able to check your account history online. If you have a dispute, continue to make your mortgage payments, but notify the servicer in writing (see Sample Complaint Letter) and keep a copy of your letter and any enclosures for your records. Send your correspondence by certified mail to the address specified by the servicer, and request a return receipt. You also may wish to fax or email your letter and any enclosures. Be sure to follow any instructions the servicer has provided and confirm the fax number or email address before sending your letter. Keep a copy of transmittal confirmations, receipt acknowledgments and email replies."
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0 votes 1 answer Share Flag
Sun Jul 31, 2011
Barry Shapiro answered:
A Loan Modification and Debt Reduction Program may be the best options. You are not alone, and new programs are being introduced all the time to help homeowners keep their primary residence. ... more
0 votes 7 answers Share Flag
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