I have to ask, why isn't an escrow hold an option? It may be that your title or escrow company will not allow it, which is quite common.
I can not say that you should use Orange Coast Title next time as it is a bit late for that.
I would say that the contractor needs to be a contractor you approve of. That the contractor is paid in full or better yet you hold the cash.
I surprised the lender is allowing it to close, are the repairs minor?
Be sure to understand, in CA it is not Georgia or New York, signing your loan docs does not equal closing the loan here, like it does in say Texas.... more
Perhaps seller is awaiting something in writing from your agent and his/her agent about the pitching in.
Here in Texas, seller doesn't have the option to back out of the deal by terminating the contract. However, seller can refuse to do repairs and buyer can back out during option period. Considering that it is written in the contract that appliances are part of the deal and seller signs, seller cannot refuse not to do it or you can bring him/her to court. Of course, there can always be questions on how it is written or included in the contract.... more
Buy. Maybe get something a little cheaper so your down payment percentage will be higher. I'd shoot for at least 25%. Then only get a 15 year mortgage. Your house will be paid off no later than 77.... more
Electronic bidet / toilet seat is a toilet appliance which is not attached (bolted) to the toilet (or floor) but rather rests on the toilet surface (pretty much like a toilet seat). The toilet can function just fine without it. Being an add-on appliance which connects to the existing water supply of a toilet via the addition of a threaded tee pipe adapter, and requires no soldering or other plumbing work, electronic bidet can be easily unplugged and removed, and therefore should be considered a personal property. Would you consider a free standing (not bolted to the kitchen cabinet) espresso maker a personal property?
Having said that there are many different kinds of bidets and it's important to differentiate. Some are porcelain toilets with bidet function which are bolted to the floor, caulked, and require special plumbing. Electronic bidet (aka electronic washlet) is an appliance which isn't attached to the toilet and can be easily removed. I hope this helps to clarify your question.... more
Mello Roos taxes are imposed on homeowners within the boundaries of a community facilities district to pay for infrastructure and/or development impact fees that would otherwise be paid for by the developers. Bonds are typically sold by the CFD to finance these costs and the obligations on the bonds are repaid by the CFD taxes. What most people don't know is that there are additional costs associated with CFD taxes that are being paid for with the taxes. Those costs should be detailed in a disclosure that sellers are required to give buyers regarding CFD taxes titled "Notice of Special Tax". That information may also be gleaned from the official statement issued in connection with the relevant CFD bonds. It is difficult to draw any conclusions about whether a potential buyer should buy a particular home subject to CFD taxes because a discount in the purchase price of the home may offset the additional costs of the CFD taxes.
All real estate dealings have to be in writing and signed by both parties. Sounds like your agent dropped the ball, not the seller's agent. You hired your agent to represent your best interests, and fight for what you want, and they fell short.
Nicole Fedorchek, Tarbell Realtors
Gold Circle of Excellence... more
I hope, you was happy with your choice and found a person who provided you with a great service.
In general, be proactive, ask for referrals from your friends or check who you know via your online connections, interview the person, ask about experience, knowledge of the area, and they way they work. If you feel comfortable that you can trust that person~ you got it ! Good luck!... more
Basically there are two periods, I am assuming you already have a Notice of Default (NOD). Many of those have a projected sale date on them, but it is not required by law.
After a 90 day period you will get a Notice of Sale, it will have 25 days from that time until it is sold. You may no longer wait until the day of the foreclosure to sell. The Notice of Sale will have the Sale Date on it.
Years ago, I used to work at BofA where my job was to interact with people that were in loss mitigation. As a way to to give back I help people like you who are in foreclosure with a FREE CONSULTATION.
I do not give legal or tax advice, I give practical advice. I can help you answer questions like:
1. What can you do about the foreclosure?
2. If it is possible to delay or stop the foreclosure, how would you do that, why would you want to do that and is it a good idea to do that?
3.What are your options, should you ask your bank for a forbearance, a loan modification, a short pay, a deed in lieu?
4. How do you avoid the tax consequences if you lose your house.
5. Being the guy at the bank, I saw the most effective ways that people in foreclosure and of financial distress used to negotiate with the bank
Basically I start by reviewing your situation to help you make some common sense decisions.
If you would like me to help, again it is free of charge, I have never gotten any business out of doing this though I potentially could. I really offer to do it to help.
Give me a call if you would like. 714-968-2500... more
Many times a seller lists a home with range pricing, so they can assist with the sellers closing costs. If you are asking for no assistance and minimal to zero repairs, the low range may work. If you are looking for the seller to assist with closing costs, they will be looking to the high range of the list price.... more