You must go by whatever is written in the contract. It states somewhere in the contract when you will take possession. For example: If it states 5 days after the Close of Escrow then it is 5 days after the close of escrow, regardless if escrow closes on time or a day late.
Coldwell Banker Star Realty
BRE lic#01456982... more
This home is For Sale at $419,000 and I suspect you found a scam. Rental scams are common here and on any site that allows the general public to post. Please be very cautious with deals that seem too good to be true. NEVER send money expecting keys back by mail.
Read the scam warning Trulia posts. I've attached a link to it below.
When you find a questionable listing please go to the More button on the listing and then hit the FLAG button on the listing page to warn Trulia and others.... more
When this question was written in May 2012, it was a great time to buy a home. If Sam bought the house valued at $375k back then it would probably be valued at nearly $500k-$525k by now. I'd love to hear from her in hopes that she has a success story to share.
All the best,
Coldwell Banker Star Realty
BRE lic #01456982... more
I'm confused with this question. Aren't you an agent at C21? I can't figure out if you are asking this question for yourself or if you accidentally posted this title in the wrong forum. Maybe you meant to post a blog , realized that this is not the section and stopped?... more
First off, you would need to speak with a lender to apply for a loan and prequalify. When applying for a loan, lenders like myself will need to look at several different things if you are trying to prequalify for a loan. 1) Proof of income for each person that will be on the mortgage which can be demonstrated through: one month of pay stubs, previous year's W-2 forms and tax returns, official documentation to demonstrate other forms of income (alimony, child support, etc.), and two year's tax returns if self-employed (all schedules, all pages) 2) Credit Report which they will pull 3) Employment History or Business Tax Returns if you're Self Employed 4) Personal assets such as: Recent balances and statements for bank accounts, most recent account statement demonstrating market value of any investments (stocks, bonds or certificates of deposit), documentation showing interest in retirement funds, face amount and cash value of life insurance policies, value of significant pieces of personal property, debt information, the balances and account numbers of your current loans and debts, including car loans, credit card balances and any other loans you may have. These are just a few things you should have ready when you begin your buying process. Well I hope this helps! If you have any further questions or if you need a loan, feel free to contact me. Also, if you found this helpful please leave me a recommendation if you can! Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 email@example.com... more
I am sure that you've been looking online and have a general idea of what property is selling for in California. Are you looking for a fixer upper because of the price? Have you been pre-approved for a loan or will this purchase be made all cash? When do you plan on coming to California to look at property. If you need information, please contact me directly.... more
We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.
It is unlikely you could be approved for mortgage financing with that credit score at this time.
Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.
First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.
Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.
I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website.
Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE.
The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.
The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.
*If you thought my answer was helpful, please give me a â€œThumbs Upâ€ or â€œBest Answer.â€ Thanks!... more
Short sale is better. A bankruptcy would not keep you in the home in the long run. A short sale also has a less damaging effect on your credit compared to foreclosure and/or bankruptcy. Please contact me to discuss your situation (310) 218-2975. We are practically neighbors. I am located in Lakewood, CA.... more