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94533 : Real Estate Advice

  • All54
  • Local Info5
  • Home Buying15
  • Home Selling2
  • Market Conditions2

Activity 43
Thu Mar 9, 2017
Kamoshi1 asked:
Mon Jan 23, 2017
seeking an apt answered:
I am looking for a home I am prequalitied and have the letter to prove it. I have not found a home and I have not made an offer. The agent insisted the letter needs to be to fax it to the other agent before I even walk into the house. I know how much I want to spend but I was given 2 letters. One very high and the other I asked for to be very low. I feel if I show the high letter I will not have leverage since the seller will say she can afford it. According to the Fair Trade Act a agent can not discriminate against me because I refuse to show a letter before I walk into a home. Also my mortgage agent who is not the realtors told me to ask for the disclosure before making an offer. If the roof leaked there may be a possibility of mold. If they had wood destroying insects that could affect the structure. Never Never let the realtor distract you from looking at the property. I have seen discoloration on the ceiling meaning there was a leak and a leak could mean mold. I check the AC/HU and if I see it is freshly painted I touch the area it is sitting on to see if it is wet. Wet means leaking Dirty vents means they they never changed the filter. Mold is mold and to remove it properly it will cost you 14,000 to 24,000. Black Algee in a pool is also a problem that is a 10,000 and up cost to take the diamond bright off and clean the gunite and re diamond bright. Never Never use the realtors man they charge you extra and they realtors get a kick back. Also shop around. I have seen IKEA kitchens which are cheap and they are charging you for a level 10 kitchen. Go shopping. I am a stagger and I know the tricks. Most Realtors hate me because I do the hiding of home problems for them and they will say I didn't know. ... more
0 votes 16 answers Share Flag
Thu Dec 29, 2016
Scott Godzyk answered:
It depends how you set up your listing contract. In most cases other agents contact the listing agent direct to show. If you hire a discount broker, most likely other agents will contact you. Ask your listing agent is the best advice and tell them how you want it to be ... more
0 votes 1 answer Share Flag
Sun Sep 4, 2016
Richard Rodness answered:
No, we do not have any section 8 properties.
0 votes 3 answers Share Flag
Mon Aug 15, 2016
Angelica P answered:
Hello,

We are a real estate search engine so we don't represent the homes found on our site. Please follow these steps to begin your home search:

1. Click the 'Rent' tab at the top of our homepage.
2. Enter your desired city and state in the search bar and hit Enter.
3. Click 'Max Price' to select what your highest price would be to pay for a home. Click 'Min Price' to set the lowest price you would pay.
4. Select your preferred property type, square footage, allowed pets, etc.
5. Click the orange 'Done' button.

This will begin to pull up listings that are more tailored to what you are looking for.

If you are interested in a listing, click on the "Request Viewing" button. You can also take advantage of our vast network of agents here:

http://www.trulia.com/directory/

We hope your experience with Trulia is memorable and thank you for using Trulia for all your real estate needs.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/


Thank you for using Trulia!

Angelica
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Mon May 16, 2016
answered:
I have two programs that will allow you to buy after one year. One is an FHA program and requires you to take a class. The other is a nonconforming loan. The payments are about the same either way.

Now if you had no late payments during the short sales sometimes we can bypass that as well.

Call me if you want more info at 714-968-2500

Lic 287206 equal housing lender


If you are a mortgage broker and want o offer loan like the non-conforming loan described above please call me to get a package of information. It goes to 100% LTV, Easy guidelines, and alt doc programs are available.
... more
0 votes 1 answer Share Flag
Thu Sep 24, 2015
Sheryl Arndt answered:
Hello Shellsey, that would be up to 10 year on public records. You may still rent or buy and it may be easier to qualify to buy. You can not qualify with a dispute on your credit report if there is a balance.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment you are looking to achieve you can be emailed listings to study and compare.

You should study RENT vs BUY options as you may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

Beware of the many rental scams out there these days on all sites. The scams are on all of the rental listing sites except one that us agents/broker use such as mls, multiple listing service.

You should not give anyone any funds or personal information without confirming with a licensed agent/broker or management company to find out whom you should be dealing with and the status of any address of interest.

You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. 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.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program up to 417k with a minimum 640 fico score. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 417k.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
23+ 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

If my response was helpful, consider clicking Thank, Link or Best Answer.
... more
0 votes 3 answers Share Flag
Mon May 11, 2015
Andy Brown answered:
We have 95% jumbo financing available up to $850k loan amount or just under $900k purchase price.

abrown@guildmortgage.net
760-607-6401
0 votes 5 answers Share Flag
Tue Feb 3, 2015
Josephine ("Jo") Cusi answered:
Hi, Mike! As of today 2/3/15, market shows a 7.71 Months of Housing Supply (Listing/Absorption Rate) for the 94533 zip code, prices up to $299,999. This means that there is about 7-8 months worth of housing inventory for this specific market.

With the new 3% down payment loan programs of Fannie and Freddie and the recent FHA mortgage premium reduction, we can expect more buyers to qualify and come on board. With these favorable buying conditions, the housing market should be busy as more Millennials can get into their first home. Further, the returning home buyers (those who had a foreclosure or short sale in the last three years) have the opportunity to become homeowners again with an FHA mortgage and for Veterans, only 2 years to be able to buy again (of course, given all qualifying measures are in place). Lenders can go into more details.

So let's see how the market plays out with these dynamics...I have a feeling it is going to be an exciting year!

Hope that helps!


All the best,
Jo
... more
1 vote 1 answer Share Flag
Fri Jan 2, 2015
answered:
A lease option may be the best creative financing method out there. But you should call me and be sure you can not get a regular mortgage because that is what is best.

I am not sure if you are a buyer or a seller.

From a sellers perspective.

Unless you own the house outright a lease option my preferred creative finance vehicle. The reason is that no matter what financing you do, a wrap around, a contract of sale or even if the borrower assumes your mortgage, you the seller are still liable for the mortgage.

If you own the house outright you might consider to take back a mortgage.

You are still liable with a lease option too, but if they do not pay you can have them out of the house in 30 days or less.

If you are the buyer:

I find that the people who offer a lease option do not base it on a fair price This means the buyer may never be able to buy the property. So you have to make sure the purchase price agreed to is near the current value. When people arrange these things it is almost never the case.

You have to take steps to be sure the seller does not further encumber the house with additional loans.

And as mentioned above, if you can not make the payment for some reason it is very easy to evict you.
All in all, unless you are a seller hoping to get more than the house is worth, you are better if you can get a regular mortgage.

I have been helping people who thought they did not qualify to buy a house into homes since I started my company back in 1998, and I have been in the business since 1990.

Give me a call for a free consultation.
Rich Littlefield
Mortgages / Real Estate
office 714-968-2500
cell 714-421-1037
Fax 714-844-9202
Licensed by the CA Department of Real Estate License 01080071 NMLS License 287206
Equal Housing Lender
... more
0 votes 3 answers Share Flag
Tue Nov 25, 2014
JamieUSR answered:
Most common ways to get a place to stay despite the eviction record is to explain the incident to the new landlord. They would often ask on your rental history. So, its your chance to explain. Obtain a credit report to show your potentials as a new tenant. You can also get a recommendation from your previous landlord. Not all evictions are acrimonious; in some cases, the landlord serving the eviction is merely doing his job and feels no ill will toward the evicted tenant - just like your case. ... more
0 votes 2 answers Share Flag
Tue Nov 25, 2014
Judi Monday, CRS answered:
Typically I will ask the buyers to meet me at the office prior to showing them the property so that I can sit face to face with them and learn more about them and what they want in a home. This request really seems to weed out the serious from those not so serious. ... more
0 votes 17 answers Share Flag
Wed Nov 19, 2014
Tyria Valledor answered:
Along with the McDonald's w/a drive-thru, there is a 8900 sq/ft multi-tenant retail building, and parking lot. .
0 votes 1 answer Share Flag
Sat Jul 19, 2014
mike.spangler asked:
same; there is no breadth. What we do have that we did not have last cycle is cash buyers from China buying property. How long can we expect property values to climb in Solano County without…
0 votes 0 Answers Share Flag
Fri Mar 7, 2014
Jill Murty answered:
I'd charge cost for the credit check.

For pets, I'd add $500.00 per pet to the total deposit.
0 votes 7 answers Share Flag
Thu Mar 6, 2014
Hank Wilson answered:
Every market is different. Your local market may be positively or negatively affected by economic factors like a factory opening or closing etc... The only crystal ball would be knowing when there would be an influx in jobs and a lack of inventory. ... more
1 vote 3 answers Share Flag
Wed Jan 22, 2014
Debra (Debbie) Rose answered:
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