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Financing in El Dorado County : Real Estate Advice

  • All23
  • Local Info7
  • Home Buying8
  • Home Selling1
  • Market Conditions1

Activity 12
Sat Aug 8, 2015
Tammy Lynn answered:
Can I add a modular home to my 5 acres and still keep my mobile home?
1 vote 16 answers Share Flag
Tue Feb 10, 2015
Nancy Beaulieu answered:
Yes it is worth the cost to refinance. Many lenders offer rebates toward closing costs and discount fees allowing you to make the $$ up in your savings over time.
0 votes 6 answers Share Flag
Mon Aug 11, 2014
Vanessamartinez261 answered:
Hi my name is Vanessa how much you guys charge for bankruptcy I owe credit cards what can I do I have people already that put a lawsuits on me and took me to court my number 937 503 4923 I will aorechiare if u can help me don't know what to do I am worry how long bankrupcy takes ... more
0 votes 1 answer Share Flag
Thu Jun 5, 2014
Kari McCoy answered:
Yes, I would recommended you call Dean Williams at 916-812-4407. If anyone can help you out he can, he is the best mortgage broker I have found in 30 years.
I wish you the best of luck. ... more
0 votes 11 answers Share Flag
Sun Apr 20, 2014
Dan Tabit answered:
This will mostly depend on you, your credit, income and assets. A lender who does mobile home loans will be the best source of information.
It sounds like you own the land and singlewide now out right. That you're selling the singlewide to someone else. Will they be moving it off the property or are you going to lease landspace to them?
I'm a bit confused about your goals, but my answer is still going to be talk to a local lender who does Mobile Homes. Consider Washington Federal and US Bank along with any others you know.
... more
0 votes 1 answer Share Flag
Sat Oct 5, 2013
BonnieEmber answered:
Hello Jay

FHA has just lowered the term for short sale, to repurchase another home, to 1 year!

Let's get this economy going. Buy Real Estate.

Fannie & Freddie are killing the economy with their rules of foreclosure, & short sales. ... more
0 votes 3 answers Share Flag
Mon Aug 12, 2013
Shannon Vanskike answered:
I would suggest speaking to a lender about that. There are different requirements, but it is definately possible and it happens all the time. It used to be very difficult, but the rules have changed - yet again. I have several lenders I work with that I'm sure would be willing to talk with you. I also am familiar with the mfg home parks in Cameron Park and the surrounding areas. In fact, I am listing another one this week.

Please call me or email me so I can help. 530-409-4671 or You can also search with no obligation for free on my website at

I hope that helped!
... more
0 votes 1 answer Share Flag
Sun May 12, 2013
Patti Kane answered:
I had a short sale last year and my Realtor recommend for a home loan. I am very happy to be able to purchase again.
0 votes 10 answers Share Flag
Fri Apr 19, 2013
Donna Davis answered:
homestead - but, there is an automatic homestead in California

they can't kill you

if the bills are not county they disappear after 7 yrs

you need them itemize every thing they have billed you and have them prove it

you also can take your creditors to court and if they don't shoe - you don't owe them anymore

each hospital has a community provision to aid people that need financial help and you can end up with a third or less of your bill
... more
0 votes 6 answers Share Flag
Wed Jan 30, 2013
Gina Crane answered:
Timeframes are as follows: 2 years from date of short sale/foreclosure for Veterans using VA financing; 3 years for FHA; 4 years for conventional. Keep an eye on this though, you never know when the lending industry is going to loosen up the guidelines since short sale and foreclosure have swept the country in epidemic proportions. It certainly would be nice to see the government bail out the public by deciding to insure the loans of those individuals who are otherwise credit worthy sooner than 3 years. If you have a larger down payment, private money loans are always a possibility, but they do come with highter interest rates. Best of Luck to you, Gina Crane, Coldwell Banker Residential Brokerage, Elk Grove ... more
0 votes 6 answers Share Flag
Thu Mar 3, 2011
Hi, Starting Over

From a FHA prespective, with the foreclosure, you have a min of 3 years before you eligble for a new mortgage. WIth a Chapter 7, its 2. So all in all, it sounds like you have at least another year before you're ready.

In the interim, and if you have not already done so, restablish credit by opening up some new credit cards/line. Most items that report to and show up on your credit report are called traditional lines of credit. Such a credit/trade line also has to be open for at least 12 months before its considered seasoned and usuable for credit history. 3 such trade lines are usually required. If you have documented 12 months of rental/leasing, auto/life insurance, utilites, cell phone history/payments, you would then only need 2 traditional credit lines.

Next, make certain you have no 30 days lates, collections, or judgements after the BK and foreclosures. Medical collections are exempt from this and allowed.

Hope this helps.
... more
0 votes 8 answers Share Flag
Sun Nov 7, 2010
Doug & Bud Zeller asked:
Low mortgage rates have some homeowners considering refinancing, even if it has been less than a year since they last refinanced or bought their home.

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0 votes 0 Answers Share Flag
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