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Home Selling in Huntington Beach : Real Estate Advice

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  • Local Info30
  • Home Buying110
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Activity 24
Fri Oct 7, 2016
Eric asked:
My property had been listed with a Realtor for the past 8 mos. I have taken the property off the MLS to wait the 90 days to reset the DOM. While off the MLS I have placed on Zillow and Trulia…
0 votes 0 Answers Share Flag
Mon Mar 16, 2015
answered:
It is not over until it is recorded. back in 2004 I saw a lender unfund a loan that they had funded. But usually yes once the docs are out you are pretty much good
0 votes 7 answers Share Flag
Mon Mar 16, 2015
answered:
All of the studies have shown people who hire independent brokers are much happier with the result. What we assume is that by getting a "big company" we are getting more security. Instead you are more likely to be getting an inexperienced agent.

Oh and I happen to be an independent Broker and live in your area.

Give me a call if you want to sell your home .

Sophisticated Financial
Rich Littlefield
Mortgages / Business Funding/ Real Estate
9555 Warner Av. D Fountain Valley Ca 94708
office 714-968-2500
cell 714-421-1037
Fax 714-844-9202
SophisticatedFinancial@gmail.com
Licensed by the CA Department of Real Estate License 01080071 NMLS License 287206
Equal Housing Lender
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0 votes 7 answers Share Flag
Mon Oct 27, 2014
The Cheryl Coleman Team answered:
How did it all work out for you?

Cheryl
0 votes 3 answers Share Flag
Mon Sep 15, 2014
Anthony Wilson answered:
Short sale is a way for home owner to avoid foreclosure on their homes and still be able to pay off their loan by settling with their lender.

Lenders vary in their requirements. Your first step should always be to contact your lender. However, most lenders require the following:

- Your payment is delinquent or is about to be. Most lenders will not work with home owners who are successfully making or can continue to make their loan payments. Each lender s policy is different, so if in doubt, check with your lender. Some will permit a short sale with no delinquency.

- You have a qualifying hardship. Examples that qualify are divorce, loss of a job, medical bills, excessive travel time to a job, etc.

- You have no other major assets. Lenders who see home owners with large bank accounts or assets are less likely to cooperate on a short sale. Retirement funds are not typically considered as an asset unless sizable.

- Note: Please PREPARE YOUR HOMEWORK CAREFULLY before you call and/or submit your documents to your lender to request for the short-sale

Please contact us if you need help - 100% of short sales get approved - at: 877-834-5678 or email your question at: Tonywilson@lawyer.com

Best wishes.
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1 vote 17 answers Share Flag
Thu Apr 10, 2014
Emily Knell answered:
Normally when you own a home 50/50 with a co-owner, at the time of sale, any & all proceeds are split down the middle, UNLESS, you had an agreement in writing with the co-owner at the time of purchase, as to how future sale proceeds would be split. Like, maybe they originally agreed to receive 20-30% of future sale proceeds.

I notice that over time, equity was taken out of the home at times of refinance, in a sense, you have recouped original down payment monies. 1/2 of the original down pymt, from what I can see amounts to about $14K.

I can create $14K in higher sale price from my property presentation & professional photography alone.

My office is in Huntington Beach, I could come by & talk to you some more about this & if you have it available, review with you, your original purchase documents.

Shoot me an email directly, if you'd like to talk about it further, I don't look back on this same Trulia posting for answers after mine or Replies beneath my answer.

Emily S. Knell
EmilyKnell1@yahoo.com
562-430-3053 c
Realtor Since--- 1996
Realty ONE Group
BRE# 01211967
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0 votes 8 answers Share Flag
Mon Dec 2, 2013
Alex Montelongo Real Estate Group answered:
Sellers are legally obligated to disclose any and all facts that they are aware of when selling their property.

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE Lic#01456982
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0 votes 33 answers Share Flag
Mon Dec 2, 2013
Alex Montelongo Real Estate Group answered:
Every transaction is unique in its own. No two are the same. Having said that.... the agents should have been on top of the contract dates. It is not unusual for a pending escrow or sale to exceed the original projected close date. You've come a long way from the beginning. as long as you have a buyer that is willing to buy and a seller that is willing to sell, I think the problem can be worked out. I am sure that the payoff amount will change along with the close date but it shouldn't be much since we are only talking about a couple of weeks, right? Hang in there. That's my advice. Unless you feel like shaking things up to only end up starting from scratch. I wish you the best. Please keep us posted on how it plays out.

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE Lic#01456982
... more
0 votes 10 answers Share Flag
Tue Sep 24, 2013
Lisa Karos answered:
I see this is an older post so your home probably sold but Price & Marketing are the key factors. Even though 93% of buyers are searching on the internet there are several other ways of marketing.
Marketing I find face to face by door knocking in the neighborhood close to the listing itself helps tremendously. neighbors are usually the megaphone to the market & are big advocates of property sales and have friends or other family members looking to move. A good agent such as myself will have the property marketed all over the internet as well as notifying several top agents in & outside of the area by email and will be mailing quality brochures out.
Call me please if you are still in the market !
Lisa Karos
714-335-4546
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0 votes 34 answers Share Flag
Thu Aug 15, 2013
Alexander Greer answered:
I was just looking through old post and I noticed yours. If you were not able to refinance at the time of the post, I can certainly help you out now. You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.

Alex Greer
NMLS #1056079
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0 votes 11 answers Share Flag
Fri May 24, 2013
Steve Bragdon answered:
Thu Mar 29, 2012
Vidi Barker answered:
Good luck on your virtual tour. Looks like Mark and Laura got your covered.

Vidi
0 votes 4 answers Share Flag
Tue Mar 6, 2012
Ingrid Ski Realtor answered:
HI Nicholas,

I can help! Just call or email me.. I would be asking you other questions that you may not want to reveal on the internet.. Talk To You Soon

ingrid Ski Realtor

949-874-0432
OCAreaHomes@gmail.com
... more
0 votes 15 answers Share Flag
Thu Nov 10, 2011
answered:
Hi Fred I think I have seen you around.

As mentioned below, If the bank takes possession, the borrower may get a cash for keys deal. If someone else buys it, they will be out very quickly. If it were my customer, I would advise her to consider a chapter 13 to stall the sell as one of her options. If the NOD has been filed, her credit is ruined for a while anyway the chapter 13 would not hurt. It really depends on her position.

Keep in mind, some lenders got a sweet heart deal from the Government, buying the mortgages at 70 cents on the dollar, and having them insured to 90 cents on the dollar. Only the politically connected like George Soros got those deals. These lenders make more money if your client defaults. Very corrupt really.
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0 votes 12 answers Share Flag
Wed Oct 6, 2010
Thom Colby answered:
Patlea,

The only time you as the seller should need a Notice to Perform is if you are an un-represented seller. That means you do not have an agent / broker working for you. If that is the case, you should contact a Real Estate Attorney who could best advise you.

If you do have a REALTOR, you should consult with them and they will be able to help you.

Any agent that gets involved with a transaction already in process is just asking for trouble and liability issues that go along with it.

Best of luck,

Thom Colby
Broker / Owner & Certified HAFA Specialist
Thom Colby Properties
Newport Beach, CA
Moving Lives Forward (TM)
We NEVER DOUBLE-END Transactions in our Brokerage. There is NO benefit to the Seller or Buyer and only benefits the Agent. Also, NEVER use your RE Agent / Broker as your Lender or vice versa. Also, be careful when using Real Estate Broker-owned Escrow and Title Companies - they can be loads of trouble.
888-391-5245 Direct Cell
THOM@THOMCOLBY.COM
DRE# 01398570
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1 vote 7 answers Share Flag
Sun Aug 15, 2010
Laurie Manny answered:
Boomer,

Was your father declared legally incompetent by the courts? Competency is a difficult subject to prove and is subject to great interpretation. While I doubt that you will be able to recover the home, this is definitely a question for an attorney.

You didn't provide much information. Was the home sold for a great deal under current market value? Do you think that somebody ripped your Dad off while he was under the influence? If this is the case then you may have a case against the parties involved in the transaction.

Speak to an attorney.

I hope you found this information helpful.
... more
0 votes 13 answers Share Flag
Sun Aug 15, 2010
Laurie Manny answered:
Refer to page 7 of your CAR purchase agreement, paragraphs 25, 26A, B & C. These are your Liquidated Damages and Dispute Resolution clauses, check to make certain that all parties signed these paragraphs. If these paragraphs are signed then arbitration and mediation are your dispute resolutions; if not then all parties will need to engage an attorney. I'm assuming that either the buyer had not removed their contingencies or you decided to waive your right to withhold liquidated damages.

If the contingencies have not been removed then the buyer is indeed entitled to full refund of their deposit.

Traditionally escrow companies have waived their fees in these cases, this is the first case I have heard of an escrow company getting in the way of freeing up a seller to sell. Have you or your agent called the escrow company and asked them to waive their fee? Technically the buyer owes the fees to escrow.

Has the escrow company refunded the balance of the deposit, less their fees, to the buyer? Has the buyer cashed the check? If so, you have released the deposit and their problem is essentially with the escrow company. However, that escrow needs to be closed.

Did the buyer state that they were shopping for another loan and wanted to continue in escrow? If the contract is still in effect and you close escrow you could indeed have a problem. Does the MLS and the current purchase contract with the new buyer have a clause in it that reads to the effect "subject to the close of existing escrow" ? Because your new sale IS subject to closing that escrow.

Many buyers threaten to sue over liquidated damages but rarely do. Once they realize the time commitment, and the cost of mediation and arbitration and that there is one shot with no guarantee of a win they usually weigh that out against what they have to gain and sign. The buyer should also be made aware that if they pursue this and are not contractually in the right they could be sanctioned with a hefty financial penalty which could be higher than the current $600.

This is not a large amount of money, if all else fails you could call the offending escrow company and offer to split the fee with them in order to close your new escrow. While offensive it will allow you to move on.

Quite frankly I am surprised that you didn't name the escrow company who is refusing to waive the fees. It seems to me that waiving the $600 is a much smarter business move than the potential bad publicity and ill will generated by an escrow company getting in the way of a seller selling.

Name them, talk about it here and on Twitter and Facebook. Send them links to it. Make sure all the local real estate professionals know that this particular escrow company is standing in the way of your sale. See how fast they back down. Few real estate professionals would recommend an escrow company to their clients if they knew they could be faced with this.

Have you consulted an attorney yet? You should. A letter from the attorney to the buyer could have a powerful effect.

Your listing agent should be able to explain these clauses and their repercussions to you.

I hope you found this information helpful.
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0 votes 5 answers Share Flag
Wed Aug 11, 2010
Darlene Boyd answered:
Katy,
Now more than ever you need a real estate professional! Talk to neighbors, friends and coworkers and get several referrals for a local Firm/Agent in your area. Make the appointments to meet with them and have them run a comparative market analysis, a price trend analysis and also give be the newest seller tool -Absorption Rate Pricing! If you are still not satisfied the value is accurate, order and pay for an appraisal. I have had sellers tell me my market value for their property was within the same range as the "Paid For Appraisal" amount. ... more
0 votes 24 answers Share Flag
Mon Jun 21, 2010
Tamera Yu answered:
Good Evening Vic.
I agree with Scott and Thom. Shortselling your property is a touchy thing and keeping the drama out of your office is the best strategy, not to mention legally with repercussions with the bank.
I would also consult with an attorney. I know Rasmussen Law Firm offers a free consultations, and they deal with shortsale negotiations. They have been a great asset for me.
Allowing someone the opportunity to be exclusive insures they will be paid(by the bank of course), thereby putting the most effort into selling your property. I'm sorry to hear of your misfortune, and hope this helps!
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