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Oakland : Real Estate Advice

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Earlier today
Maricris A answered:
Hi,

I sent an email to you about this concern.

Regards,

Maricris
Consumer Care advocate
0 votes 1 answer Share Flag
Fri Feb 17, 2017
Donald D. Hensel answered:
Hard money lenders will consider funding a loan without proof of income on an investment property if the borrower has a significant down payment and other assets.
http://www.northcoastfinancialinc.com/hard-money-lenders-california/oakland-hard-money-lenders-loans/ ... more
2 votes 4 answers Share Flag
Fri Feb 17, 2017
Donald D. Hensel answered:
They require all cash at the courthouse steps. Some auctions do allow for financing, especially hard money financing as these types of loans can fund much faster than traditional loans.
http://www.northcoastfinancialinc.com/hard-money-lenders-california/oakland-hard-money-lenders-loans/
... more
2 votes 15 answers Share Flag
Fri Feb 17, 2017
Donald D. Hensel answered:
You will need to find a hard money lender who is willing to do a 2nd loan for you which is unlikely since you are looking for 100% financing and won't have any equity in the deal.
http://www.northcoastfinancialinc.com/hard-money-lenders-california/alameda-hard-money-lenders-loans/ ... more
1 vote 3 answers Share Flag
Wed Feb 8, 2017
Sheryl Arndt answered:
Hello Tokimunsta+waf, you will need a two year history of your commissions. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

We do have a bank that will do up to 750k from a minimum 640 fico score if you have lower scores. You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

I realize the home prices are high in 94610 zip code and you will need to have 5% down minimum for High Balance/Jumbo home prices.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Sat Feb 4, 2017
Shonica Jaques answered:
Hey there! If you need help finding the RIGHT place, your best bet is to work with a real estate agent who knows the area. If you would like, I am part of a real estate company that can set you up with a top agent in the area you are looking, there is no cost to you for our service. Go to my website http://www.ParkPlaceConnects.com/sjaques for more details. Let me know if you have any questions. ... more
0 votes 1 answer Share Flag
Fri Feb 3, 2017
Gardner.max asked:
I am particularly interested in homes with detached "in-law" units. I see that under "Public Records" there is usually an entry that says something like "1 Building",…
0 votes 0 Answers Share Flag
Thu Feb 2, 2017
Maureen Millman asked:
The tenant has asked me to cancel the Open House schedule for Feb. 5th from 2:00 - 5:00
I am going to hold the condo open on Sunday, February 12th from 12:00p.m. - 3:00p.m. Can you make…
0 votes 0 Answers Share Flag
Wed Feb 1, 2017
Christine.woods32 answered:
If you want to be sure that your property is in safe hands you need not only to do a background check on all applicants, but also ask their former landlords for references and interview prospective renters. In the blog that I attached below you can find more useful information about renters verification.

And one more tip from me is keep property insured and require tenant to have insurance. Tenants insurance will cover their belonging in case of natural disaster. Your homeowners insurance won’t do it for them.
... more
0 votes 4 answers Share Flag
Tue Dec 20, 2016
Angelica P answered:
Hi,

I have emailed you regarding this concern.


Thank you for using Trulia!

Angelica
Consumer Care Advocate
0 votes 1 answer Share Flag
Sun Nov 27, 2016
Broadway_93 answered:
A mobile home is not really mobile. It is a manufactured house that is placed on a piece of land in a mobile park - they are all lined up next to each other. Each house actually sits on jacks about 2 feet above the ground. Once the house is in place, it stays there. The majority do not have a garage. You get a carport. Some people install a shed for storage. Some have a little yard or porch, others do not.

In most parks, you buy the home and then pay a monthly space rental. Some real estate ads mention the space rental, others do not. You own the home but not the land (usually). You also pay an annual property tax, although that is typically much less than a “real” house. Maintenance on a mobile home is about the same as a real house.

Some parks are really nice. They have rules about maintaining your exterior and your space so everything looks clean and neat. There are common areas that can be great - club house with activities, pool, nice landscaping, etc. Some parks do not have any amenities or are rundown.

You also have to apply and be approved to become a park resident.

Some parks are all-age, some are for seniors 55 and older. And there are a very few parks where you do own the land - they cost almost as much as a regular house.

Look at the age of the home: many are still from the 1960s or ‘70s. The newer homes are now very well insulated and as you walk across the floors, they don’t sound hollow. There are sometimes agents or companies that specialize in buying old clunker homes and replacing them with a brand new one.

There are pros and cons to owning a mobile home. It depends on you personally, your finances and goals, your market and location, and the desirability of the park itself. It can be a great option as one approaches retirement. It can sometimes be better to own a cheap mobile home for a few years rather than renting a “real” dwelling - at least you have something to sell afterwards. It can make a great weekend or second home.

We recently turned 55 and bought a brand new mobile home in a Class A senior park in Sonoma County, California. It cost us $157K for a double-wide and we pay $750/month space rental. We own it outright, so our entire housing costs are $10,000 per year. There is an extreme shortage of affordable housing in northern CA. Now we have an affordable way to live in beautiful wine country and afford retirement. By comparison, renting a small not-so-great house in our area starts at $2,500/month, buying would start at $500,000 with property taxes at $6,500/yr.

In CA, I’ve noticed that newer mobile homes built after 2000 sell immediately for very high over the asking price. People are selling their old condos for $1M and buying newer mobile homes for $200-300K. There are BMWs and Lexuses in many carports. But older mobile homes do not sell easily.

I think selling a mobile home is harder in most markets. It’s not on people’s radar. There is an old perception of “trailer trash”. There are park rules to follow. You live very close to your neighbors. You don’t have a garage or much of a yard. But under the right circumstances, it can make good financial sense for many people.
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0 votes 17 answers Share Flag
Tue Nov 22, 2016
Maricris A answered:
Hello,

Please know Trulia estimates are currently removed from property pages while we improve the valuation model. While we do not have a specific date for when they will be available, I can assure you this is only temporary. As a general reference, please know that we do not intend for the Trulia Estimate to replace a comparative market analysis as they can take into account market intricacies that the Trulia Estimate cannot. The Trulia Estimate is really meant to be a starting point in determining a home’s value and is not an official appraisal.

I hope the information I provided today was helpful in addressing your concerns.

Regards,

Maricris
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Sat Nov 5, 2016
Scott Godzyk answered:
Simply add your listings manually, then you will be sure they are on Trulia
0 votes 3 answers Share Flag
Sat Oct 15, 2016
Danielle Sharkey asked:
I am homeless and have a 5 year old daughter...I work and go to school but don't want to move far away from Alameda County...how can I find a suitable home for rent in these areas?…
0 votes 0 Answers Share Flag
Tue Oct 11, 2016
Angelica P answered:
Hi,

There are different types of email alerts that Trulia sends out, so there are a few places for unsubscribing from alerts.

Go to your profile drop down menu in the top right hand corner >> Email Preferences. Once that screen is open, you will see the option to "Edit" the following sections.

Saved Searches: Once on this page there is an option to delete individual searches along with the option to Delete all.

Homes You're Following: Once you are on this page you have the option to Manage alerts or
if you no longer wish to receive email alerts for a particular property, no problem. Simply remove it from your Favorites on this page.

Trulia Voices: Once on this page there is the option to delete topics you are following.

Trulia Weekender: Once on this page there is the option to delete individual areas you're following or Delete all.

Email Communication: Here you can uncheck the box for any notifications you do not want to receive.


For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/


Thank you for using Trulia!

Angelica
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Sat Sep 24, 2016
Danielle asked:
Listing has wrong Open House hours
0 votes 0 Answers Share Flag
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