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Home Buying in Reseda : Real Estate Advice

  • All52
  • Local Info1
  • Home Buying21
  • Home Selling4
  • Market Conditions3

Activity 25
Mon Aug 29, 2016
Carmenwinston818 asked:
Wed May 25, 2016
Arpad Racz answered:
Hi,

I would check with a local contractor to see what the local rules are for permitting after the fact.

Kind regards,

Arpad
0 votes 1 answer Share Flag
Wed Mar 30, 2016
Rich Reed answered:
Fee Simple Estate = Absolute ownership.
Leased Fee Estate = The ownership interest in a leased property.
0 votes 1 answer Share Flag
Wed Mar 30, 2016
Caitlink2004 asked:
Sun Jul 19, 2015
Danaleman answered:
ON YOUR FORECLOSURE DOCUMENTS, THERE SHOULD BE A PHONE NUMBER TO THE TRUSTEES. THE TRUSTEE IS THE ONE IN CHARGE OF SELLING YOUR HOUSE. THEY SHOULD EASILY UPDATE YOU ON A NEW SALE DATE IF IT WAS POSTPONE.

HOME CENTER 411
nonprofit organization
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0 votes 8 answers Share Flag
Sun Aug 3, 2014
scottbrand67@gmail.com asked:
Wed May 28, 2014
Jeff and Cheryl Fox answered:
Hi Nia,
Many properties today have multiple offers. Cash buyers certainly present a strong offer which sellers and agents pay attention to. I did read other answers where some suggested that by buying with cash you eliminate contingencies. I would not eliminate appropriate inspections and I would probably not remove the appraisal contingency (you can shorten it).
Many of our listings and sales have been all cash buyers and some have succeeded getting a better price. Regarding financing; even with an approval letter from a well known back or mortgage lender things can still happen. If you can buy all cash do it. You can always apply for a mortgage later. Ask your accountant for their opinion.
Good luck,
Jeff and Cheryl Fox
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0 votes 11 answers Share Flag
Tue May 6, 2014
Matthew Bartlett answered:
Hi Avatarchik77,

It will take some time for the original deed to come in the mail. Unfortunately, the County works at a very slow pace and calling the Agent will not expedite the time frame. You could try calling the County Recorders Office to see if the document can be purchased on-line and mailed to your address. Otherwise you will need to visit the Recorders Office to purchase a copy.

Enjoy your new home and thank you for submitting your question.

Warmest Regards,

Matt
www.matthewbartlettrealestate.com
... more
0 votes 2 answers Share Flag
Tue Mar 6, 2012
Sara Mehrpouyan answered:
You should get everything in writing. It should have been on what we call a Request for Repairs form.
Sign up for New Property Listings By Email Here: www.newlosangeleshomesearch.com


Thanks,
Sara Mehrpouyan CDPE
Rodeo Realty
Direct: 818-903-2040
Dre License #01712757
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0 votes 9 answers Share Flag
Sun Sep 18, 2011
M answered:
A quick check on the 2010 - 2011 cost vs value in your area of CA suggests that 100K would be average
0 votes 7 answers Share Flag
Tue May 17, 2011
Kobi Costa answered:
Reseda is considered to be inferior to Tarzana and West Hills. Tarzana has good freeway access and is close to Ventura Boulevard. West Hills is known to be a safe neighborhood with good schools. Reseda is not an unsafe neighborhood IMO, but it is all relative to other neighborhoods (FYI - I grew up in Reseda..) ... more
0 votes 3 answers Share Flag
Sat May 22, 2010
Anna M Brocco answered:
Depends on your finances/assets--visit with any qualified loan officer(s) first, see if you qualify, see what your budget can handle, have your credit checked, etc., then go from there.
0 votes 1 answer Share Flag
Thu Apr 8, 2010
Emelia Sanchez answered:
Your father in law may be unemployed but must have income coming in from somewhere. Which he used to get a loan. Could be pension, social security etc all acceptable means of income.
0 votes 1 answer Share Flag
Wed Jan 27, 2010
Richard Schulman answered:
VA doesn't restrict how the certificate is used as far as property type. Make sure that you are working with a lender who is very familiar with the VA loan program and make sure that they have closed many VA loans before. I have run into problems in the past with lenders just learning the ropes.


Best wishes and thank you!

Richard Schulman
Keller Williams Real Estate
310-482-0173
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0 votes 4 answers Share Flag
Thu Dec 17, 2009
Ted Canto answered:
Jose,

These so-called programs are few if not available. I haven't heard one source stating they can actually do this. My answer is simply: You can't find a place that would lend you the money. The simple thing to do is get a gift from a family member and pay them back the gift if you choose to, when you get the tax credit money in the mail. ... more
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Tue Oct 27, 2009
Emily Knell answered:
I think you will find deeper discounts for an ALL CASH offer with Short sales rather than REOS. If you can find a short sale where there is 1 loan 1 bank involved or 2 loans 1 bank involved, you will see the discount you're looking for.

It is entirely possible.

emilyknell1@yahoo.com
... more
0 votes 3 answers Share Flag
Thu Sep 10, 2009
Dallas Texas answered:
Buyers agent and contact inspector difficult to state unless all information is reviewed from inspection report any disclaimers made


National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911
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0 votes 6 answers Share Flag
Thu Aug 20, 2009
Carl Snyder answered:
Bankers and brokers each have their strengths as noted in previous posts. Banks should have excellent product knowledge of their own programs, and may have lower fees than brokers, but brokers absolutely do have the ability to be competitive on APR ( a calculation of the true loan cost over its term by solving for both fees and rate ). In the 2008 - 2009 environment of tightening guidelines and frequently changing regulations, transaction times have grown significantly longer for both bankers and brokers.
An effective alternative is the mortgage banker. Like a broker, many mortgage bankers have access to various funding sources, providing: 1. ) Access to a wider variety of programs, and 2. ) the ability to shop for pricing.
Like banks, a mortgage banker can underwrite, draw loan docs and fund in-house. ( A broker is subject to the respective departments of his capital sources for most or all of these functions, and the delays this may entail. ) These abilities add speed and efficiency to the transaction, a critical factor in the current fast-paced real estate market. Mortgage banker fees characteristically have more similarity to bank fees than broker fees.
For unusual, out-of-the-box transactions, the nod must go to brokers.
For "normal" real estate investment financing, a mortgage banker merits your consideration.
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