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Orangevale : Real Estate Advice

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Activity 34
Thu Nov 16, 2017
State employee credit union answered:
When bidding on a home if the the highest bid is matched the bank will take into consideration, what the intended use of the property will be( if the buyer will use it as a primary residence which usually comes first) or if it will be an income property, (the banks would rather go with primary residence then an income property) if those mach up as well then it comes down to which buyer has the best credit score an annually income as well as payment history, if it goes farther then that (which very rarely happens) the banks will look at the payment type (cash bid or a loan bid, An lastly if it comes down to the the bank will give both buyers a counter offer an who ever comes back with the highest bid this times will get the property ... more
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Fri Nov 10, 2017
Tattoodebera asked:
Fri Mar 10, 2017
Susan Tabone answered:
how much added value does a 1 car garage & 2 full bath, add to the value of a condimimium
0 votes 7 answers Share Flag
Sat Feb 27, 2016
Jerry Dean Glotfelty asked:
Wed Feb 17, 2016
Derek Jones answered:
Unfortunately Trulia staff won't respond here. I tried to search 95670 and it appeared to work:

http://www.trulia.com/for_sale/95670_zip/

But you may be better off searching somewhere that gets it feed directly from the mls as trulia/zillow do not. ... more
0 votes 1 answer Share Flag
Wed Feb 17, 2016
Aehlswyth asked:
Why don't my options stay in the search? I keep asking for only single-family homes and I keep getting "all homes", which I do NOT want any condos or townhomes or duplexes.…
0 votes 0 Answers Share Flag
Sat Aug 8, 2015
Diane Christner answered:
Actually, whether a homicide has to be disclosed or not depends on the state. In Florida, a homicide does NOT have to be disclosed by a seller.
0 votes 3 answers Share Flag
Wed Apr 29, 2015
answered:
Hello Lucy, you may now qualify ONE DAY after a short sale, foreclosure or deed in lieu with 20% down and minimum 620 fico score. You may qualify FHA ONE YEAR after a short sale, foreclosure or deed in lieu if you qualify for the back to work loan program with a loss of income.

Traditionally you will need three years from a short sale, foreclosure or deed in lieu to qualify FHA. You may then qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score after 7 years if your short sale was not under special circumstance.

You will need to be pre-approved if you decide to buy to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, home price, loan program and how much you want to invest into the down payment and closing costs.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

You may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt

If my response was helpful, consider clicking Thank, Link or Best Answer.
... more
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Tue Sep 9, 2014
Sean Palmer answered:
Whether a foreclosure, short sale, or traditional sale the seller or mortgage holder still wants to get the highest market value for the home. Broker price opinions are done and appraisals are done, to find the market value of the home. On a foreclosure, sometimes the home owner may not have cared for the home well and it is in poor condition, thus a low appraisal compared to other homes around it that are in higher condition. BUT I have also seen traditional homes and short sales that were not cared for well and they too were sold at what some view as low pricing. However the appraisal and broker price opinions take that into account when they recommend the value of the home.

So whether a foreclosure, short sale, or traditional sale they don;t really affect the neighboring homes. It all depends on condition of the home and the what the current buyer housing market will bear price wise.
... more
0 votes 4 answers Share Flag
Fri Mar 7, 2014
Joss McDaid answered:
Do you possibly mean "canceled/withdrawn"? This pertains to when a property that is listed on the market has chosen to "cancel" the listing, or "withdraw" from the market, or both.
Did you see a property on the market and then it went to "cancel/withdrawn"? and that's why you are asking?
I hope that helps.
... more
0 votes 3 answers Share Flag
Mon Dec 2, 2013
Jason Walter answered:
The property located at 8506 Strong Ave was sold on 2/3/2011 for $162,500. Please let me know if you would like any additional information on homes for sale in your area.

Thanks,


Jason Walter

REALTOR® - lic #01923240
Certified Public Accountant (CPA) - lic #103885
Hammer Real Estate Group
jasonwalter.re@gmail.com
cell ph (916) 716-1341
... more
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Thu Oct 31, 2013
Bob Willett answered:
Generally speaking HELOCs (Home Equity Lines of Credit) are much, much harder to get today than they were a few years ago. Most of the time they are only up to 80% of the propertyâ€s value, and are almost always now a bank portfolio loan. We have one that can be used for a purchase that will go up to 90% of the home’s sales price, but it does not work for cash-out. I would absolutely look at what Sue Archer recommended. SMUD and PG&E both have programs that can be used for energy improvements – and many home improvements fall into this category. Best of luck! ... more
1 vote 4 answers Share Flag
Fri Aug 2, 2013
Rick Girvin answered:
Short sales are a wild card, you could have a short sale approval within weeks or up to a year. The speed of a short sale depends on have many loans are on the property, how busy their caseload is, and sometimes luck.
If you don't want the house anymore, you need to sign a cancellation of contract and have your deposit released from escrow. I would not waste time or mess around with the bank, in some cases they can take your deposit if you wait too long.
... more
0 votes 8 answers Share Flag
Thu Jul 25, 2013
Rick Girvin answered:
It depends on how much power you use, just like any scenario. Gas is cheaper than electric and the utility companies are SMUD and PGE. Electric for my 1600 square foot house is $150 when running AC, gas is $30. Water and garbage are $70 a month. ... more
1 vote 1 answer Share Flag
Fri May 17, 2013
Keisha Mathews answered:
If you have no where to go then you have no choice but to wait to see who the new owner is and pray they will be merciful. Again, this is no guarantee and they are not bound by law to do this, but there is always hope that they may offer you cash for keys, more time to vacate (or a combination of both), or even a rent back if that is within your financial means.

I will be praying with you.
... more
0 votes 9 answers Share Flag
Wed May 15, 2013
jeffreyt396 asked:
This question was asked from http://www.trulia.com/homes/California/Orangevale/sold/6163104-7021-Santa-Juanita-Ave-Orangevale-CA-95662
0 votes 0 Answers Share Flag
Wed Dec 12, 2012
vballfanatic2005 asked:
I am currently trying to finance a rehab and need to find a loan for at least 65% LTV of ARV. Also, ideally with a lender that requires no upfront payment or points paid at the end. Any…
0 votes 0 Answers Share Flag
Fri Dec 7, 2012
Walter 'Skip' Kersten answered:
Until the property is foreclosed on or sold at auction you would have to submit an offer to the owner who is behind on their payments. They may or may not be in a postion to act upon the offer and delay the auction.
Good luck,
... more
0 votes 2 answers Share Flag
Wed Nov 14, 2012
Michele Peterson answered:
Again,
You will have to provide additional information to the challenge you are facing.

1. Why did the owner give you notice?

2. How many people are allowed in the property per the lease?

3. Do you have a valid lease or are you month to month?

4. Are you behind on rent or utilities?


Please provide more details and we can attempt to answer your questions.
... more
0 votes 4 answers Share Flag
Wed Dec 14, 2011
Ron Thomas answered:
The VA does not OWN property:
They insure and regulate the loans for houses.
Please understand the difference;
The house will be owned by a Lender, after foreclosure.

Yes, and agent can show you the property; in fact, you need an Agent to be able to make an offer.

Good luck and may God bless
... more
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