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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 22
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
Sheryl Arndt 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
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
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
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
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
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
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
Mon Apr 23, 2012
Patricia Ormes Dre#01009463 answered:
good morning, i raised my children in Diamond Bar, i know it very well. call me if you need me. great schools.
0 votes 3 answers Share Flag
Sat Apr 14, 2012
Kawain Payne answered:
Your buyer's agent does not charge you a commision fee. They get paid by the seller's agent. The seller's agent gets a commision from the seller, and they split it with the buyer's agent.

So, how do you find a good buyer's agent? Look for someone who responds to you. They should not be too busy to return your phone calls or emails. If an agent is too busy they may not be the best one to work with buyer's. Buyers require a lot more of the agent's time than sellers.

A good buyer's agent should listen to you, and work hard to meet YOUR needs, not what they think is best for you.

Best of luck to you!

Kawain Payne, Realtor
... more
0 votes 9 answers Share Flag
Thu Feb 23, 2012
Kawain Payne answered:
Hello SB Buyer,

I suggest you consider Orange County. You will be able to find newer developments with great amenities.


Kawain Payne, Realtor
714-293-1151
0 votes 7 answers Share Flag
Thu Dec 1, 2011
Aaron Zapata answered:
You can visit my website for more information about me: http://www.aaronzapata.com Make sure to check out the testimonials and the about me page. I look forward to hearing from you.


PS. I'm also based in Brea and ranked in the top 1% nationwide with Prudential.
... more
0 votes 8 answers Share Flag
Fri Apr 22, 2011
Aslam (sam) Chuadhri answered:
Call your Real Estate Agent with the MLS# or address. They should be able to help you.
0 votes 8 answers Share Flag
Tue Feb 22, 2011
Diana Margala answered:
Hi Mary:

This is a very difficult position for you, the answer lies in your contract. If you have not removed your contingencies you should be able to back out and get your good faith deposit. If your contingencies have been removed then there could be a problem. You might want to talk to your lender and see if you qualify for a grant, which might allow you to continue to purchases your home. Talk to your agent they should be able to help you, if not you can talk to your agent's broker.

When I am working with buyers I always tell them to have the gift money transferred into there account because sometimes this happens and if it is already transferred then usually it does not become an issue. It also makes you a stronger buyer. Unfortunately things happen and situations change and the gifts many times are no longer available. I also remind them to make sure they talk to their lender so that they have the proper paper work available for the lender to secure the proper paper trail.

Good Luck!
Diana 909-560-0145
... more
0 votes 8 answers Share Flag
Wed Nov 3, 2010
Don McBride answered:
Hi Annie,

Speak to a local realtor who has knowledge of the area. A realtor tcan provide you with a FREE CMA.
0 votes 9 answers Share Flag
Sun Oct 17, 2010
Trinidad Gaeta answered:
I never recommend co-signing for anyone as financial arguments is one of the biggest reasons for relationships to go bad. As much as you would like you children get started, keep in mind purchasing a home is a long term commitment. That's my personal opinion. Depending on their other debt for a 700k home you might not need a co-signer if they are both making 120k each. A local lender will be able to determine that by filling out a complete loan applicaiton and providing supporting documents for income and expenses. As far as ways to hold title should there be co-signers.. There will be a couple options tennants in common or joint tennants. Advice should be seeked by your accountant to which would better suit your wants and needs.

Trinidad Gaeta
Remax Realty 100
... more
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