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Fresno County : Real Estate Advice

  • All44
  • Local Info3
  • Home Buying26
  • Home Selling3
  • Market Conditions1

Activity 681
Sat Jul 29, 2017
Kathy Burgreen answered:
After reading your reply below, there are NO LAWS to protect you because you're an owner - not a renter. Your best method at this point is to sell your condo. You need to learn WHY HOA's have rental restrictions. The reason is when owners like you need to sell, your buyer will be required by their lender to verify that the number of rentals in your complex is fixed at a low ratio. Lenders will refuse to give your buyer a loan to purchase your condo if there is a high number of condos that is rented. Your HOA will send financial documents to your buyer's lender and those documents will state the number of condos rented and the number of condos that is owner occupied. Lenders will only give a loan if the number of owner occupied units is high. Once that ratio tips towards renters, all lenders will turn down your buyers.

Based on the above, this means you will be stuck to lower the value of your condo to attract cash buyers only. So this means you will lose money on your condo AND every owner who needs to sell after you will lose money because you sold your unit at a very cheap price. Further, since the seller (you) will be furious, the seller (you) will pick a fight against your neighbor that is renting their condo and both of you will end up in court paying high prices for private attorneys.

So to keep the peace in your complex and others, most HOA's set rules in place that restrict the number of units rented at any one time. You may not agree with it BUT look at it this way - you don't have World War 3 breaking out among neighbors and it reduces the number of litigation cases. As I said, try selling your condo. Much less stress.
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Fri Jul 28, 2017
Garciachmg asked:
Sat Jul 15, 2017
Reaperof70souls answered:
You're credit score will only determine your interest rate. What will determine if you receive a home loan is the longevity of your credit history. The amount of your income and the amount of equity in the home you're trying to purchase. ... more
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Tue Jun 27, 2017
Ron Thomas answered:
If you are trying to buy a house with a LOAN, you will need every bit of documentation that you can find;

The Lender, in particular, needs to know that you have a steady income and a good history of paying your bills: It gets harder when your HISTORY is not in the U.S. or when you get paid in CASH and do not have a paper-trail for savings and bill-paying.

Good luck and may God bless
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Mon Jun 26, 2017
bebenewberry asked:
I erred in my prior question: how do I get your firm to NOT show me, personally, as the entity who made a loan on this house? I am the foreclosure officer: the loan was made by my company,…
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Mon Jun 26, 2017
bebenewberry asked:
1111 N Hollywood, Reedley, CA 93654......WAS a foreclosure, is now owned by American First Credit Union. Is erroneously showing that I, Beverly Newberry, foreclosed on it - I did not:…
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Sat Jun 24, 2017
Randall Ortiz answered:
For California only, we work with ITIN loans. In order to get an ITIN loan, you will need at least 20% down, two years tax returns, 60 days bank statements, 30 days paystubs, ITIN documentation, drivers license and we will also run your credit. We only operate in California. ... more
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Sat Jun 24, 2017
Randall Ortiz answered:
For California only, we work with ITIN loans. In order to get an ITIN loan, you will need at least 20% down, two years tax returns, 60 days bank statements, 30 days paystubs, ITIN documentation, drivers license and we will also run your credit. We only operate in California. ... more
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Sat Apr 22, 2017
Kieran Donahue answered:
I lived in Fresno 30 years out of my 42 years alive. There has always been more crime in the area then others. The criminals would literally come across town to break into garages and cars in the wealthier parts of town. At one time I read a statistic that you had a 1 in 30 chance of having your car stolen in Fresno. I had mine stolen 3 times in a few years. There was nothing special about the car other than I was in the wrong place at the wrong time. Generally the northern parts of Fresno are wealthier with less crime. The south can be pretty rough and really rough if you pick the right spot. Fresno has a unique variety of cultures and some of these cultures are stuck in poverty. It creates a situation where extremely poor people are living in areas where they would not normally be able to afford. Example: the area near Fresno state can be very bad. The apartments near there are run down and house people that just don't have much money. Drive around the neighborhood at night and pay attention to weirdos walking around. Generally if there are a bunch of people walking around at night you probably want to avoid that area. ... more
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Tue Apr 18, 2017
Heidi Saunier asked:
Sun Mar 26, 2017
Priscillaabrahams asked:
How far are hospitals from the property?
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Sat Mar 25, 2017
Omar.erekat answered:
I am actually the same person posting the question. I just want to add that I am under escrow for this house. The title company found out that the house has two different street numbers in the county records. The seller said that they sorted this out with the county and changed the numbers on the hose to reflect the correct address. However, I recently discovered online listings for the same house under both of the street numbers (basically two different addresses). I am really worried at this point and the seller is giving me any further information especially that I removed the contingencies. Any ideas? should I be worried? should I just close the deals or should I get a real estate attorney? your help is greatly appreciated. ... more
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Sat Mar 25, 2017
Speakupcd22 asked:
Tue Mar 21, 2017
Angelica P answered:
Hi,

I have emailed you regarding this concern.


Thank you for using Trulia!

Angelica
Consumer Care Advocate
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Wed Mar 8, 2017
Vanglydia9 asked:
Worried =( Loan officer seems to be taking his time, escrow officer keeps telling me they are waiting for the lender to review docs & conditions.
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