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Fullerton : Real Estate Advice

  • All150
  • Local Info15
  • Home Buying38
  • Home Selling2
  • Market Conditions6

Activity 119
Mon Mar 20, 2017
Sheryl Arndt answered:
Hello Frank, great, I grew up in Anaheim and am also a Veteran and love assisting Veterans. You would have to occupy the property to utilize a VA or CalVet purchase loan, then no problem. You can buy with minimal out of pocket expenses with a VA no no.

The 3-4 bd 2ba single family homes start from 442k in Fullerton. There are many lenders whom have minimum fico score requirements and additional overlays in which we have many banks including ones that go down to minimum 500 fico score.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You will need to gather your DD214, certificate of eligibility and other documents to qualify and obtain a pre-approval to get out shopping for a home of your choice.

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 any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA or CalVet loan specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 2 answers Share Flag
Tue Feb 7, 2017
Haworth Pacific asked:
Thu Sep 29, 2016
Nicole Fedorchek answered:
Hi, Jenn!
I can help you! As a native of the area, I am very familiar with all the areas your mentioned, and can assist you in researching the HOAs for pet restrictions.
DON'T settle for less, you have a great price point, and you should be able to find something perfect!
I also have a wonderful lending team that can walk you through the loan process.

I would love to work with you! Check out my Facebook business page, or my website for more information about me! Feel free to contact me anytime!

Nicole
... more
0 votes 5 answers Share Flag
Sat Jul 2, 2016
Ag621 answered:
The United States Flag Code says, in part, "The flag should never be used for any advertising purpose. It should not be embroidered, printed, or otherwise impressed on such articles as cushions, handkerchiefs, napkins, boxes, or anything intended to be discarded after temporary use. Advertising signs should not be attached to the staff or halyard."

As the flag should not be displayed at night, whoever places it at a curb should take it down at sunset.

Also, whoever places these flags should go through the neighborhoods where they placed them, removing any that they find in the street or gutter and dispose of them properly. According to the Flag Code, any American flag that is worn, damaged or tattered beyond repair should be retired in a respectful and dignified manner. The preferred method is burning. The Veterans of Foreign Wars, American Legion, Boy Scouts of America, Girl Scouts of America, the military and other organizations regularly conduct dignified flag-burning ceremonies.

Almost all homes in my neighborhood get flags placed curbside by a local real estate company (btw, there are several RE companies more local than this one). Although I'd prefer not to receive one, I'm puzzled as to why, for the past several years, no flags are placed at homes on the block where I live. I'm told another RE agent lives here, but I don't think that is correct. I also fail to see why that should matter.
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0 votes 27 answers Share Flag
Mon Jun 27, 2016
Rich Reed answered:
Unless you live in a rent controlled area, if you have a lease for more than 30 days, your rent cannot be increased during the term of the lease, unless the lease allows rent increases. If you have a periodic rental agreement, your landlord can increase your rent, but the landlord must give you proper advance notice in writing. The written notice tells you how much the increased rent is and when the increase goes into effect. California law guarantees you at least 30 days’ advance written notice of a rent increase if you have a month-to-month (or shorter) periodic rental agreement.
That is one of the big disadvantages of renting. Verbal promises don't mean very much. There is no limit of how often (except as noted above) or how much your rent can increase!
Consider working with a Realtor to see if home ownership is right for you.
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0 votes 1 answer Share Flag
Wed Jun 8, 2016
answered:
Have a title company handle it for your. No realtor needed. If you need a referral to a good one or a mortgage to do so call me. I am a realtor/broker and will help you with the paperwork for free if your sister uses me for the mortgage.

714-968-2500


CA BRE Lic 01080071 NMLS lic 287206 Equal housing lender
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0 votes 5 answers Share Flag
Thu Jun 2, 2016
Walter 'Skip' Kersten answered:
Hi Kel,
If you sell your home and there is no mortgage you will receive cash rather or not your buyer paid cash. (Cash buyers will usually offer less than non cash buyers so you might just sell to a well qualified buyer). You then write cash offers to purchase one or more homes. You can also sell contingent upon buying and make the escrows close concurrently. Hope that helps. You can email me directly at ocnorth@gmail.com if you have additional questions or would like an estimate of what your home is worth.
Thanks,
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0 votes 1 answer Share Flag
Wed Jun 1, 2016
answered:
You are not required to file taxes if your income is under a certain limit. Though in the year you sell the house you will need o file taxes. There is an owner occupied exemption for $250,000 for a single person and $500,000 for a married couple. That has nothing to do with how much cash is distributed, rather it is the price you paid for the house minus the price you sell the house for.

There are some strategies you can use to avoid additional taxes.

Also remember the tax base on the old house is probably much lower than the new house, if you are over 55 you may be able to transfer the property tax to the new house.

For example.

Let's say you paid $300,000 for a house in 1998 and now are selling it for $500,000. If it is an owner occupied house and you are a single person, you get the $250,000 exception and get all $500,000 tax free.

I I understand the question, you are paying cash for the new house. The transaction will be reported to the IRS.

If the new house is $400,000 then the property tax rate will go up from $3000 to $4000 or an increase of $1000 a year. If you are over 55 you can avoid that by filing the proper paperwork at the county recorder's office.

I am a bit more than just a lender, I do full on mortgage planning strategies and am a real estate broker.

I am more than happy to help people who call, for no charge or obligation. Please verify with your licensed legal and tax advisors

714-968-2500

Lic BRE 01080071 NMLS lic 287206
... more
0 votes 3 answers Share Flag
Mon May 16, 2016
Sheryl Arndt answered:
Hello John, the banks will not lend more than a house is worth at market value per appraisal so it will depend on if the buyers have all cash or are paying the difference of the appraised value and the asking price.

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 7 answers Share Flag
Thu Feb 11, 2016
Nicole Fedorchek answered:
I would love to show you around the area, if you are coming for a house-hunting visit! Fullerton has a small municipal airport (private planes), and is located about 30 minutes from the commercial airport (John Wayne Airport). There are a lot of great options in the Sunny Hills/Los Coyotes area of Fullerton/Buena Park.
Contact me directly, and I would love to work with you!
Nicole Fedorchek, Tarbell Realtors
Gold Circle of Excellence
... more
0 votes 2 answers Share Flag
Tue Dec 29, 2015
Nicole Fedorchek answered:
Hello-
You would need to check with your city's building permits requires. Specifically, you are looking for the "setbacks" from the property line. Each city has different requirements. ... more
0 votes 3 answers Share Flag
Tue Dec 8, 2015
Claudia Muller answered:
Old question...but very common.
Yes, any one person can sell you a home at any price of their choosing.
Gift Equity is perfectly acceptable with a gift letter.

To ascertain the value, the lender will request a new appraisal.

The actual value of the home for loan to value purposes is going to be the new purchase price regardless of appraised value.

In this case $440/$550 would be 80%.

It can be one and I am guessing ....has already been done with much success!!

The new property tax bill will be calculated on your purchase price of the home.
... more
0 votes 10 answers Share Flag
Tue Dec 8, 2015
Claudia Muller answered:
A Quitclaim Deed is what you are going to need friend to fill out.
Quitclaim deeds may be filled out and filed in a day. While it is recommended that you consult with an attorney before filing any legal paperwork about which you aren't sure of the full outcome, you may get the necessary forms on your own. A blank quitclaim deed form may be found from any California county recorder's website. You may also find the forms at a local attorney's office or real estate agent. Some office supply stores also provide quitclaim deed forms.
To fill out this form, you will need the APN, or Assessor's Parcel Number. This may be found in a variety of locations. It is definitely on your tax bills, may be listed in your mortgage agreement, and is almost certainly listed on the property's title and deed paperwork. If your county or city has a comprehensive property listing website, the APN may also be found online.
You will need to pay a transfer tax on the transaction. You can calculate this tax by consulting with your county recorder's office either by phone, online or in person. If you are exempt from taxes for any reason, obtain and fill out a Notice of Exempt Transactions to attach to your quitclaim deed.
The rest of the form can be filled out as normal, with the names of both parties, the address of the property and city and county information. Use the information on the property deed and make sure they match. Once the form is filled out, simply sign it before a notary public and file it in your.

For you and Nicole: by transferring your name to the title you are responsible for the taxes and liable for any potential law suits, etc.
You are not obligated on the loan. The loan is not in your name. Should the loan go into default, you may lose the property, but you are not legally obligated on the loan.

Friend will not be able to sell the property nor will friend be able to put additional financing on the property as he will no longer have any legal rights to the property. He is giving it to you....

If he wants to put it in your name and maintain his own name on property, then he could Quit Claim Deed the property to both you and his self.

It would be very helpful to know what it is that your friend is trying to accomplish by putting the property into your name.
... more
0 votes 2 answers Share Flag
Thu Jun 25, 2015
Brian Nguyen answered:
There are lenders out there, like myself, that can do alternative document loans. In this case, lenders like myself would not ask for tax returns, but instead a CPA letter. This is something you should definitely consider. If you have any other questions or if you would like a loan, feel free to contact me. Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 brian.nguyen@nafinc.com ... more
0 votes 9 answers Share Flag
Wed Jun 24, 2015
Mark Burnes answered:
http://www.keyt.com/news/grover-beach-woman-is-arrested-for-assaulting-7yearold-girl/26682276
0 votes 16 answers Share Flag
Mon May 18, 2015
Walter 'Skip' Kersten answered:
There is a 2 bedroom 1 bath on Associated Rd listed at $269,900. That is about the average price.
Thanks,
0 votes 2 answers Share Flag
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