I did a quick market analysis of the general area of Lake LA and the type of property you have asked about ... The average sale price this month is approximately $62,000. Contact me directly for a copy of the analysis if you are interested.
The property you linked to did not provide an address, so the analysis is not of the exact property, only those properties with the same characteristics.... more
Renan, this is really up to the Lender to decide; however, as I posted in the link below, these two options are not necessarily serial options; but rather, should be decided upon based on the severity of your situation.
Mortgage forbearance is an agreement between the lender and the borrower to delay a foreclosure (usually due to a temporary financial issue). To avoid the start of the foreclosure process via a Notice of Default, this type of agreement delays the lender's right to exercise the foreclosure process - provided the borrower can catch up payments by a certain negotiated time.
In situations where a longer-term financial problem is foreseen (i.e. an ARM reset that makes the payment unaffordable), forbearance is not a solution. In these cases, a Loan Modification is more appropriate.
Please note that the property at15614 Lanfair is showing as sold and not currently available for sale. If I can help you locate some more information on other properties available in the area, please email me at firstname.lastname@example.org & I would be happy to help you...
Thanks, have a good evening!
Coldwell Banker Residential Brokerage
Cell: 323-810-7976... more
This home is currently listed as "Contingency-Active", which usually means they have an accepted offer from the Bank, and are simply waiting for the paperwork. The asking price was $44,900.00 and FHA Loans require 3.5% for the down payment making it approximately $1,575.00.
The only issue is that on that price range, there is a good possibility that it will not qualify for FHA, so you could use a Conventional loan at 10% down or appx. $4,490.00.
Of course,if you are not using aRealtor,In would love to offer my services to you. As a resident of the AV for 20 years, I know the area and can use nmy many years in Banking, Lending, Insurance and Real Estate for your benefit. Simply give me a call.
Good luck in your home search!
Cindi Wolf, CMS
Century 21 Yarrow and Associates
44143 20th Street West
www,cindiwolf.com for MLS Access... more