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Home Buying in Diamond Bar : Real Estate Advice

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  • Local Info3
  • Home Buying22
  • Home Selling2
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Activity 31
Wed Dec 14, 2016
11sandiego11 asked:
After escrow we decide to be joint on title. Will they be exempt from gift tax???

Another one question
28k gift in december counts for this year and they can give me 28k in january next…
0 votes 0 Answers Share Flag
Wed Jun 8, 2016
answered:
Hello Lenggomes, I am finding 2bd 1ba condos at Golden Springs from 229k and up. Where are you getting your listing to look at? Trulia and Zillow do not have sufficient number of listings to tell so you may want to try Realtor.com as it has more inventory from all multiple listing services that agents use.

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
Thu Jan 21, 2016
answered:
You can get a FHA loan.

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
Fri Jul 10, 2015
answered:
Are you saying that it is suspended from the HUD approved condo list?

Or are you saying that Association is suspended as a corporation for not filing their corporate taxes?

Either way what you can not get is an FHA of FNMA loan. I do have private money loans you can use but be prepared to pay 8% or more. ... more
0 votes 2 answers Share Flag
Fri Jun 26, 2015
Gregg.stoltman asked:
Add some detail about your question
0 votes 0 Answers Share Flag
Thu Jul 3, 2014
Julie McDonough answered:
If the taxes were e-filed you shouldn't have a long wait. However if they were mailed, I have known it to take up to 3 weeks to post. Once received by the IRS and posted, you should be able to obtain the completed 4506 needed to close your transaction. ... more
0 votes 3 answers Share Flag
Fri Nov 15, 2013
The Alvarado Group answered:
You can contact me I can get you the information Nelsonalosna@yahoo.com
0 votes 5 answers Share Flag
Thu Oct 31, 2013
Airel Hermosillo answered:
Hello,

The rental market was not under valued in the market as homes were. Rent did not drop 50% because of the value of the property. By saying you are moving to a cheaper area , would need more details of what you describe as a cheap area. I would describe it as a home that has less space , rooms , or is not a single family home . It can also be in a very secluded location far away from stores and highways.
Also, by moving to a cheaper area , are you saying you are going to buy or rent in another area. If you are going to buy , i would not move areas . Your short sale house was evaluated and given a value due to market and property value. So , any home in that area will have a fairly similar value and if you are comfortable and can manage paying that value = stay .

But like most have stated , you or the persons that were involved in the short sale will not be able to purchase a home with a loan anytime soon.

Thanks and good luck,

Airel H.
... more
0 votes 8 answers Share Flag
Wed Sep 11, 2013
JR Thrasher answered:
I wrote a blog about "Finding Foreclosed Homes on Trulia" just last week. I'll put a link in the web reference. That should answer all of your questions.

J.R. Thrasher
www.SanDiegoRealEstateVeterans.com
619-929-0105
... more
0 votes 1 answer Share Flag
Sat Sep 7, 2013
Nicole Fedorchek answered:
I am so sorry about your current situation. When a spouse (or any co-owner of a property) passes away, you should update FMV for tax purposes.
In fact, I just went through this process with my own father, as my mom passed away a few months ago.
I understand what your needs are, and I can definitely assist with this. It is completely free to you, and there is no obiligation. I would need the property address to begin the process, and my turn-around time is within 2-3 days.
Please contact me at your earliest convenience.

Nicole Fedorchek, Realtor
Tarbell, Realtors
714-914-5097
realtornicolef@gmail.com
... more
0 votes 5 answers Share Flag
Thu Aug 22, 2013
Brian Nguyen answered:
Hi there Luke!

I would definitely advise you to consider a VA loan. A VA loan is specifically meant for veterans. There are plenty of advantages to a VA loan such as low closing costs, competitive rates, and no required down payments.

I am a lender out of Southern California and I have experience in VA loans. I am certainly willing to help you out when it comes to getting you a loan. So if you have any further questions or if you would like a loan, feel free to contact me through the information on my profile page!

Good Luck

Brian Nguyen
Sr. Mortgage Banker
NMLS # 659743
Phone: 949.667.2887
brian.nguyen@nafinc.com
... more
0 votes 4 answers Share Flag
Sun Jun 9, 2013
John Juarez answered:
You have suggested some good solutions to your problem. Have you discussed these with your lender? That is the one that you have to please no matter what we say.
0 votes 3 answers Share Flag
Fri Jan 4, 2013
Kawain Payne answered:
Tue Nov 27, 2012
carlos parrague answered:
I strongly suggest you don't buy from the listing agent. Too much opportunity for conflict of interest. You need to find someone who will look out for your interest only. Besides, it does not cost you any more. I strongly suggest Shannon Chang 626-319-8545. She is a very hard working and knowledgeable agent.. ... more
0 votes 4 answers Share Flag
Sat Sep 22, 2012
Centermac Realty answered:
It is not common but not illegal. In most transactions, the sellers, not buyers pay the commission.

But buying a property through foreclosure can't mean different things. It can mean buying it as a short sale or REO in which case typically sellers pay the commission. But if you hire an agent to go the auction site for a trustee's sale, it is often the buyers who in this case are the successful purchasers at a trustee's sale. How much the agent charges you for that service is negotiated between you and the agent. There is really no norms in that instance. ... more
0 votes 12 answers Share Flag
Wed Sep 19, 2012
Annette Lawrence answered:
Two issues here.
#1. Trulia receive it's information for another data aggregator. Not for the MLS or from the responsible agents. Here is what Trulia has to say, "Trulia recently signed a new listing syndication agreement with ListHub. As part of the agreement, ListHub and Trulia have agreed to restrict editing of core information (e.g. price and status) that is sourced from your MLS or brokerage."

#2. The agent IS responsible for data entered into their respective MLS databases. This data is subsequently folded, spindled, chaged, stapled, mutilated and then displayed for consumer entertainment. The data of most significant to you, can not be corrected by the responsible real estate professional.
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As your agent most assuredly confirmed for you, if you are serious about buying real estate, you need to use serious tools. You agent has provided you access to the most reliable, timely, accruate, relevant database, the local MLS. Seeking any ACTIONABLE data from an aggregate website is a waste of your and your agents time.
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Let me repeat...Real Estate Professionals (agents) Are NOT Responsible For What You Have Experienced! We can't even fix the errors we see.
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If you must use an aggregate site try Remax.com or Realtor.com However, these are NOT better than your local MLS.

Best of success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group, Palm Harbor, Fl
727.420.4041
http://RealEstateMadeEZ.us
... more
0 votes 12 answers Share Flag
Sun Sep 16, 2012
Diana Margala answered:
That is like saying what will the prices be and what interest rate will there be in 3 years. There are so many factors that effect prices, interest rates and mortgage programs, there is no way to answer your question. Your best bet would be to talk to a Mortgage Banker or Bank to have them help you with a plan as to what your might need to do regarding your credit, since that is a big factor on what will be available to you. Remember that the 3 years is based on no other derogatory items on your credit.

Let me know if I can help


Diana Margala
909-560-0145
... more
0 votes 4 answers Share Flag
Sun Sep 16, 2012
Diana Margala answered:
I always recommend that my clients save their money, if you are going to rent you will need first and last and some rentals require additional security deposit money depending on your credit and ability to pay rent.

You should be able to purchase again in years, make sure you repair your credit. That doesn't mean canceling all your credit cards, it means paying them. As long as there are no other derogatory things on your credit you should be fine.Talk to a lender now, or as soon as the short sale has been completed so that you have a better idea of what you can expect.

The bank can foreclose, your agent needs to make sure that the sale date is postponed as you are working with the process. There also is a new law which doesn't allow the bank to foreclose if they are working with you on a short sale or a modification that most banks follow even though it doesn't go into effect until next year. But again make sure your agent or you follow the sale date.
... more
0 votes 6 answers Share Flag
Sat Sep 15, 2012
Andrew Janos answered:
You will want to check with your mortgage lender or broker as each loan program differs.
0 votes 18 answers Share Flag
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