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Home Buying in Cowan Heights : Real Estate Advice

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Activity 9
Wed Feb 18, 2015
Jackson Willis answered:
This seems like a fairly difficult thing to get to be completely honest. I don't want to say that it's impossible, because you could find this kind of deal, but you will need some serious help. I would suggest talking to some loan agents about the kinds of rates and payments you can get. If you do the research and talk to the right people, you should be able to find a loan that you can agree with.
http://www.dmcloans.com/loanOptions/Featured/
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0 votes 5 answers Share Flag
Thu Jan 1, 2015
Cindy Davis answered:
Sounds like you should use Redfin!
1 vote 1 answer Share Flag
Thu Jan 1, 2015
Cindy Davis answered:
With all due respect, asking a question then telling us how we should or should not answer is not quite fair fame.

From your two posts, you seem way more interested in perks and pluses than good quality service. This is unfortunately a reflection on your values.

There are many times over the years when I've offered a rebate to clients to keep a deal together. But if all people care about up front is a rebate, then i will pass on the opportunity to work with them.

You've got to care about more than just perks. Buying a home is a big deal and you need quality services.

Good luck.
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1 vote 1 answer Share Flag
Wed Oct 2, 2013
answered:
Some of these agent are lame.

here is a good one in that area:

Call Gran Loel his number is 949-335-6457

If there is a lock box I am sure he will show you the house immediately
0 votes 13 answers Share Flag
Wed Oct 2, 2013
answered:
I no longer sell real estate so it could have changed ( I only do mortgages now days)

In California a buyer has 3 days to back out after getting any disclosure and get their full deposit back. So when I sold real estate I was a bit lax on it if I were the buyers agent. If anything went sideways and we needed out of the transaction not having the disclosures could turn into an asset. Many of the listing agents seemed to fall down on this point as well.

If I was a listing agent non the other hand, the buyers got their disclosures attached to the accepted purchase agreement.

I know it sounds a bit slimy, but as an agent I felt my job was to represent my customer and their interests. I never had a customer lose a deposit, though I did have to fight for one for about 7 months.

But yes the residential purchase agreement does call for the disclosures to be made within 7 days unless on line 14A, another time period is put in there.
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0 votes 13 answers Share Flag
Wed Oct 2, 2013
answered:
Well, I can tell you what the sellers and the agents want. They want a lender that is going to close on time and meet the contingencies.

Most likely if you ask most loan offices how long the typical appraisal contingency is they will not have a clue about what you are talking about.

Most lenders do not know the purchase market very well. When these types of lenders get into the transaction they cause everyone stress.

The fact is that as far as pricing goes:
1. All A paper lenders are getting their money from the same place.
2. All lenders have to preset the charges to the customer. So all lenders are at least close to the market.

Lenders that appear less expensive are usually using gimmicks. Advertising loans with short amortization schedules or rates that no one qualifies for so everyone gets a higher rate. Many times they are advertising rates that do not exist. If you get tied into one of these lenders you will have problems.

Most of these lenders out there are geared towards refinances, and these are the guys with the gimmicks, or as I like to say "bait and switch." You hear them advertising on your TV and radio. Sometimes it will work out, usually it is a problem.

Major Banks are most expensive, because their overhead is a lot more and they offer the best lock in policies. Usually you are locked in automatically at acceptance for 60 days. Besides that their service is usually really bad.

There are also lenders such as the company I work for, TriEmerald. We guarantee good service. We specialize in purchase mortgages. We can not use gimmicks or bait and switch tactics. Because of our Guarantee sellers are more likely to accept your offer, you will have to make fewer offers, you will not have to overbid so you will save time and money.

If you would like to know how that would work for you, please feel free to contact me.

Rich Littlefield
949-2971207
TriEmerald Financial
NMLS 287206
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0 votes 4 answers Share Flag
Sun Nov 7, 2010
Connie Bramble answered:
Dear Homebuyer,
You have more than one issue here. You say the seller is now asking for a per diem. So that sounds like you have requested to extend your time. We don't know what exactly your contract says. If it was not changed from the origional verbage, then you likely have 17 days to remove your loan contingency. If you are asking for extension you must be beyond your 17 days. If so has the seller already sent the notice to preform? This is very important to you at this point. If they have not, you may have a few additional days until they send that in writing. You say you are only a few days away from closing. I hope you get your loan straightened out in time to close before you are asked to preform. Once that notice is given to you, you have only 24 hours before the seller may rightfully ask for cancellation. They may not just demand per diem if it is not already stipulated. However; if you are out of your contract time; and they have given proper notice, they may require that in order to grant the extension. If you don't agree, they do not have to give it to you. Many times sellers will do things like this just trying to get all involved with the process to speed it up and preform. Hopefully this seller wants to sell and does not want to wait for another buyer. Remember you are at risk of losing deposit funds if you are out of time with your contingnecy, so maybe a per diem will be the best way to go!
You need to get on the lender and get them to preform, that will fix this problem!
Best of luck with this,
Connie Bramble
Prudential CA Relty
714-337-8718
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0 votes 9 answers Share Flag
Thu Nov 4, 2010
Laura Myers PLLC GRI, CLHMS answered:
In general, if you don't have a loan contingency then you cannot rely on that to get out. If you have not waived it then you can. If you have loan contingency and that cannot be cleared you should be able to cancel and move on with your money in hand unless contract language provides argument for seller.
Get with the parties involved and Broker and iron it out. Best way to tackle problems is with communication.
Good Luck
Laura Myers
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0 votes 4 answers Share Flag
Thu Nov 4, 2010
Bob Georgiou answered:
This is not a good situation for you and unfortunate. There is some good infomration here, what I would add is that this situation should be brought to the broker of record for the office and share your rightful concerns and question the quality of your representation. ... more
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