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Home Buying in Lakewood : Real Estate Advice

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  • Home Buying13
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Activity 35
Tue Oct 4, 2016
ASirEno asked:
What are my options to make the best purchase without either of us getting taxed to much. How much would be a reasonable amount for a gift. Also, would i need to go thru a lender make this…
0 votes 0 Answers Share Flag
Sat Jun 18, 2016
Sandra Robins asked:
Just like the title says. I'm pretty close to possibly buying a house, but I'm a little nervous about buying without being in the same location as the house.
0 votes 0 Answers Share Flag
Wed Mar 2, 2016
Janetmeeks asked:
Mon Feb 29, 2016
Alexander Greer answered:
What is the property address?

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
... more
0 votes 1 answer Share Flag
Thu Nov 19, 2015
Ladyarmysgt asked:
I have income of 4400 a month. My monthly debts are about 800 and 1300 rent. I have the VA loan guarantee but it seems hard to get a house today with that even with no money down. Any advice?
0 votes 0 Answers Share Flag
Sun Aug 16, 2015
Alex Montelongo Real Estate Group answered:
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.

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE lic#01456982
... more
0 votes 2 answers Share Flag
Sun Feb 22, 2015
Karen McEniry answered:
This is definitely a scam. If anyone asks for money up front, that is a red flag.
If you are looking for a rent to own home, I would work with a Realtor who may be
able to help you find one.

Best Regards,
Karen McEniry, Realtor, SFR, SRES
Coldwell Banker Beachside, Realtors
karen@karenmceniry.com
(714) 343-9470
... more
0 votes 5 answers Share Flag
Mon Jan 26, 2015
Dan Tabit answered:
Joyce,
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
0 votes 1 answer Share Flag
Wed Nov 5, 2014
Alex Montelongo Real Estate Group answered:
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,

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE lic #01456982
... more
0 votes 7 answers Share Flag
Wed Nov 5, 2014
Alex Montelongo Real Estate Group answered:
You are going to have to provide more information on your situation. Please call me directly.
I'll see if I can help or at least point you in the right direction.

Alex Montelongo/Broker
Codwell Banker Star Realty
562-810-7387 Cell
BRE Lic #01456982
... more
0 votes 3 answers Share Flag
Tue Sep 9, 2014
Alex Montelongo Real Estate Group answered:
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
0 votes 13 answers Share Flag
Fri Aug 1, 2014
Brian Nguyen answered:
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 brian.nguyen@nafinc.com ... more
0 votes 8 answers Share Flag
Fri Aug 1, 2014
Christine Browning answered:
Tue Apr 1, 2014
Alex Montelongo Real Estate Group answered:
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
0 votes 7 answers Share Flag
Tue Apr 1, 2014
Alex Montelongo Real Estate Group answered:
So what was the end result in this matter? were you able to get him out? Im curious.
0 votes 4 answers Share Flag
Tue Dec 3, 2013
Kawain Payne answered:
Hello Lyn,

If you are using your mother's income to help you qualify she will have to be on the loan too.

Your mam can GIVE you down payment help, and not be on the loan, but if you ue her income to qualify she will have to be on the loan.


I wish you the best!

Kawain Payne, Realtor
... more
0 votes 8 answers Share Flag
Thu Aug 15, 2013
Trevor Curran answered:
Good morning Gilma,

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.
http://www.consumer-action.org/

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.
http://www.consumer.ftc.gov/articles/0058-credit-repair-how-help-yourself

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.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
0 votes 5 answers Share Flag
Thu Jun 20, 2013
Robert Chomentowski answered:
There are more and more lenders going with lower credit score for FHA so you should be OK with the 604 score.
0 votes 15 answers Share Flag
Fri May 17, 2013
Arcie Pragale, CPA answered:
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
0 votes 12 answers Share Flag
Fri Apr 19, 2013
Kawain Payne answered:
You do not need an escorw company SPECIALIZED in HUD homes, in fact there may not be any.

You just an escrow company that DOES HUD sales. Your agent should be able to get one for you.

I know HUD recently changed their policy, and now tha buyer MUST selcet an escrow company.

Best of Success to You!!!

Kawain Payne, Realtor
... more
0 votes 3 answers Share Flag
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