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Home Selling in Ontario : Real Estate Advice

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  • Local Info4
  • Home Buying51
  • Home Selling5
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Activity 8
Mon May 20, 2013
Ron Thomas answered:
I'm pretty sure that there is no such thing as a "Non Refundable Deposit".
I am equally sure that you should have your Broker involved in this.
I just noticed; this is 3 years old!!!
0 votes 3 answers Share Flag
Mon May 20, 2013
Teresa Mejia answered:
Hello Irma, I have help numerous families to avoid foreclosure with shortsales. You might want to see if you can get a preapproval first and see if you qualify, if you dont you have a better idea of whether you should shortsale or work on the credit. As a real estate Professional I have had to get the values of properties for the banks, before deciding on what you want to do you should way your options, there are many factors that come in place when trying to buy a home while still owning one. if you are upside down on the property you now own, you might qualify for a new home loan, the bank have stopped lending to people that own property's that are upside down due the many were walking away from the property's the owned to move in to the new home.

If you would like to sit down and discuss your options my team and I would love to help you, I have a lender from Wells fargo Bank that will sit down with you and give you some options.

let me know, and have a great day.

Teresa Mejia
Intero Real Estate Services
HAFA Shortsale Certified
909-721-7679 Cell
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Mon May 20, 2013
Teresa Mejia answered:
As a real estate professional we are can not give legal advice, but you should talk to an attorney or even legal aid, they will be able to help you with this. make sure you talk all the paperwork you have on the home.

Good Luck to you
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Fri Nov 16, 2012
Devona Garrigus answered:
A short sale affects your credit much less than a foreclosure and if handled properly you could buy again within a couple of years or sooner as opposed to five to seven years from a foreclosure. ... more
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Mon Jul 26, 2010
Scott Miller answered:
This happened to me, too. Last week I saw 3 listings that were mine under another brokerage's name. I flagged them and they were deleted within 48 hours. Trulia then sent me an email and advised me to re-post, which is fine with me.

I don't think you can ask for faster service than that, right?

Scott Miller, Realty Associates, Boca Raton, FL
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Sun May 17, 2009
Diana Margala answered:
Hi Rideau:

This is a question for an estate planner or a tax accountant. In California I believe there is a certain amount of money that can be give yearly to children with out tax consequences. You could also transfer it into an account with her name (might not work because she does't have a social security number) and your name and then possibly spend in accordingly.

Diana 909-945-5763
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Fri Jul 25, 2008
Jeanne Feenick answered:
Hi Tony, your best bet is to get yourself a good agent. Key to success - price and exposure, an agent can help you with both.

If you decide to make a run at this on your own - then Postlets and Craigs List are great places to start.

Good luck,
Jeannie Feenick
Weichert Realtors
Search and connect at
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Mon Apr 21, 2008
Beth Walsh answered:
Hi Denise,

I agree with the other answers. I've worked with 2 sellers in Ontario using seller financing. Some good questions to think about would include:
1. How much money is the buyer willing to put down? The larger the down payment you receive equals lower risk for you.
2. How comfortable are you with financial risk? In a stable economy, foreclosures account for under 1% of home sales in Southern California. Today the risk of being foreclosed upon could run from 2-15%.
3. Do you have adequate equity in your home? Would the sales price pay off your existing loan?
4. In the event your buyer experienced financial problems down the line could you make the payments on the property for 6-18 months?

There is a lot more to consider both positive and negative. There are many tax benefits and drawbacks to consider. Please consult a qualified tax professional before you do anything.

My office is in Chino and I primarily work the Ontario area. Drop me a line if you'd like more information.
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