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90805 : Real Estate Advice

  • All22
  • Local Info3
  • Home Buying11
  • Home Selling1
  • Market Conditions0

Activity 17
Sun Sep 11, 2016
Allen m Camilleri answered:
East Long Beach is your'e far better bet. from the start of downtown to bordrering Lakewood. You have apt. homes, duplex and good neighbohood .West side are many affordable pl. old fashoined breakfast nooks double doors etc. but heavily conjested and very rural now. your picture says E long beach ... more
0 votes 9 answers Share Flag
Fri May 6, 2016
Robert Decker asked:
I would like to update the pictures for my house.
0 votes 0 Answers 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 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
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
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
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
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
Thu May 3, 2012
Kawain Payne answered:
Hello Taina,

I would not advise you to spend that kind of money. That being said. There are some low cost things you can do to bring new life to your kitchen and bath without breaking the bank here are a few:

1 Fresh paint
2 New light fixtures
3.Wash your cabinets and change the knobs and handles
4. Change the water faucets
5. Instal new towel racks in the bathroom
6. Clean a shine up the floors

You can buy most of the items above at your local HomeDepot or hardware store. If you live close to one try the Habitat home stores. They sale overstocked items from other home improvement retailers at low prices. There is one on Harbor Blvd in the City of Garden Grove. 22fwy exit Harbor go North.

You will be surprised what a difference a few small changes can make.


Best of luck to you!!!

Kawain Payne, Realtor
Prudential California Realty
... more
0 votes 8 answers Share Flag
Sat Mar 3, 2012
Kawain Payne answered:
Hello Eileengo,

REO and standard sales are by far easier to close than a short sale.

In both standard sales and REOs the buyer can ask the seller to pay some or all of the buyer's closing cost. Helping buyers with closing cost is up to the seller.

Be careful offering less than list price on an REO. The bank has usually had two or more BPOs done on the property in order to come up with their list price. BPO is a Broker's Price Opinion. It is very similar to an appraisal. This is done to determine a list price.

Think of the REO process like a silent auction, the buyers put forth their best and final offer and do not know what the other bids are. The list price is like an opening bid. Bidding below it may not put you in a good position.

As far as the price of the homes you are following being too high, email me:( Kawaindpayne@gmail.com)
the property address I will check the comps for the area and let you know if they in fact are priced above market value.

Best Regards,

Kawain Payne, Realtor
Prudential California Realty
714-293-1151
Kawaindpayne@gmail.com
... more
0 votes 10 answers Share Flag
Mon Jun 20, 2011
Monica White answered:
That is very near Walnut and Artesia. The area is not safe and crime rates are high. 90805 as a whole suffers from violent crimes, property crimes, drug related incidents and so forth. Real Estate prices are comparable in much nicer areas. I do not recommend living here AT ALL. ... more
0 votes 5 answers Share Flag
Fri Feb 25, 2011
Starr answered:
Check out the links below,
They should show you current bank owned homes and short sales, but it really depends on the where exactly you're looking. You should definitely concentrate on zip codes and learn as much about the real estate market in the area.

http://www.zeuks.com/ca/long-beach/homes-for-sale-in-90803/

http://www.zeuks.com/ca/long-beach/homes-for-sale-in-90804/

http://www.zeuks.com/ca/long-beach/homes-for-sale-in-90805/

http://www.zeuks.com/ca/long-beach/homes-for-sale-in-90815/
... more
0 votes 5 answers Share Flag
Fri Dec 10, 2010
Julia Huntsman answered:
Hello Antonio,
Did you know that by going to the LBPD site you may find out their statistics for all areas in Long Beach?
Just try this link at http://www.longbeach.gov/police/statistics.asp .
Please realize that if you're already working with a Realtor, that person should be an important resource for you. If you are not, feel free to contact me.
Sincerely,
Julia
... more
0 votes 4 answers Share Flag
Tue Jun 22, 2010
Richard Schulman answered:
Contact Eli Weinberger at Bank of America, 310-927-2467 or eli.weinberger@bankofamerica.com. He has helped several of my clients on their loans (including refinancing) for their investment properties and always does a great job. Tell him I sent you, he'll take great care of you!

Please feel free to contact me if you have any further questions or need any help with your properties.

Richard Schulman
Keller Williams Realty
(310) 482-0173
schulmanrd@yahoo.com
... more
0 votes 1 answer Share Flag
Mon Jul 28, 2008
Dorene Slavitz answered:
My mortgage officer can give you that information if you provide the necessary documentation.
0 votes 8 answers Share Flag
Wed Jun 25, 2008
Charita King - Short Sale Specialist answered:
Darwin,
I would have to say that anywhere in Southern CA is a great place to invest. What you may need to do is to figure out first if your investment at least pays for itself. How many units are you planning to buy, type of downpayment and what is the cash flow after the taxes and insurance. It may also be a good idea to check out places where there's a demand of rent so you don't have to worry about vacancy all the time. Bottom line is make sure the property will pay for itself. ... more
0 votes 6 answers Share Flag
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