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Natomas Park : Real Estate Advice

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  • Local Info2
  • Home Buying6
  • Home Selling2
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Activity 19
Mon Mar 16, 2015
answered:
Hello Donald & Lesslee Milsap, this sounds like a scam rental listings which there are plenty out there if they are not responding to your inquiry. Beware of the many rental scams out there on all sites. You should always confirm whom you should be dealing with on rentals from a licensed agent/broker and never send anyone any money or give them information.

You should study RENT vs BUY options as you may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. You may occupy a rental immediately if it is already vacant and purchase properties take from 30-45 days to close once in escrow.

Your credit scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or even as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score.

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 then be set up to receive daily automatic emails to fit your search criteria.

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 thumbs up or Best Answer!
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0 votes 3 answers Share Flag
Fri Apr 11, 2014
selky62 asked:
Sun Mar 9, 2014
Salvador & Lita Dela Cruz answered:
I found out is not for rent but for sell.
0 votes 2 answers Share Flag
Wed Feb 12, 2014
John Campos answered:
I know this is an older thread, BUT there are some great complexes here in Sacramento. In fact, prices have been appreciating especially in the Condo market, which have been predominantly purchased with cash for the last few years. Some complexes are even beginning to apply for FHA financing again in some areas, and if that's the case the influx of buyers will boost those prices even more. Condos are a passion of mine, and if you have not already purchased I'd love to answer any more questions you may have. ... more
0 votes 6 answers Share Flag
Tue Sep 24, 2013
Sue Archer Reynolds answered:
Trulia is only one site that uses the information on the tax records. Contact your county's tax assessor. There is a way to have that information corrected pretty easily.
0 votes 4 answers Share Flag
Sat Aug 17, 2013
Brian VerBurg answered:
I have a lender that will do purchases I day after a short sale or foreclosure. Email me for more information- brian@thebesthomeloans.com
0 votes 13 answers Share Flag
Wed Jul 24, 2013
Jaime Becker answered:
Hi Stephanie

There is a property manager in the Lyon Natomas office that specializes in the Natomas area.

His name is Tong Veu.
(916) 574-8829
(916) 574-8800

Good Luck

Jaime ... more
0 votes 7 answers Share Flag
Tue Jun 4, 2013
Steven Ornellas answered:
Hi Wilms,

Walk Score is a popular site for mapping a area's services. Here's the link for the property above:

http://www.walkscore.com/score/1750-iverson-way-sacramento-ca-95835

Looks like the nearest grocery store is 3/4 miles away.

-Steve
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0 votes 5 answers Share Flag
Wed Apr 10, 2013
James Tan answered:
How about Elk Grove, a suburb south of Sacramento. Elk Grove is famous for its tree lined streets, man-made lakes, nice parks and excellent school districts. It is a great place to live and raise kids.

Here you may find a rental which may suit your needs, certainly with your budget of $2,300 per month, you should be able to find a decent 4 bed/2bath > 2,000 sqft single family home built in the last 10 years.

Check out the school district www.egusd.net

craigslist has some listings on homes for rent:
http://sacramento.craigslist.org/apa/

or you can also contact a property management company, such as
http://www.realtyroundup.com/

If you do decide to contact realty roundup, tell them I referred you.

Hope that helps,

James Tan
Bethany real estate and investments
916 230 5250
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0 votes 8 answers Share Flag
Wed Feb 20, 2013
Mack McCoy answered:
Stop looking, don't do it. Rent a cheaper place than you can afford, and build up your savings.
0 votes 4 answers Share Flag
Thu Nov 8, 2012
Julie Hubner answered:
Hello Mike

We are fulltime agents who actually live in Natomas Park.


We have represented sellers in both traditional and short sales in the community. We do work for a bank agent , and find short sales in the last few years are definately half our inventory in todays market. Bank Owned properties are nice , since the waiting period is a number of days to know if your offer is accepted, then goes into a 30 day close on most escrows. We have lenders who can close in 20.

We bought a short sale a year ago , but have lived in the community 5 years.
We live in a single story home, they are a premium in this community. I would say for every 10 homes on a block there may be 2 single story homes. It took us months to find one. Granted one year ago the market was not as competative as it is today.

Your price range there are also patio homes in the area. Sounds like it would work for you in regards to small yard.
There are also some of those style homes in newer part of West Sacramento. Not sure what your age bracket is, "Heritage Park" is a senior home community (55+) . If you havent visited its a nice area, with a super club house.

Elizabeth and Joann hit the nail on the head, it is fiercy competative here. Dont give up, you can find a home.

Our website is real time. What you are looking at is what we work off of.
Please feel free to contact us anytime if you are not currently working with another agent.
Regards
Chris and Julie
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0 votes 5 answers Share Flag
Wed Mar 9, 2011
Doug Zeller answered:
Ed, manages several properties as well as handle sales in this area.
Therefore, his experience, represents the best response!
0 votes 11 answers Share Flag
Sat Aug 14, 2010
Ute Ferdig answered:
Looking4value. Just in case Anna does not see this post. 1770 Baines is not bank owned. It appears owner just refinanced in May and there is no indication that the property will come on the market any time soon. The same owners have owned 1770 Baines since 2002 and the fact that it sold for $441,500 in 2002 is not relevant to the discussion of current value.

1800 Baines, a property with the same square footage, is bank owned. Chase took it back in May of this year. While they took it back at $329,000, that does not mean that they'll put it on the market for well below current market value as doing so can hurt the bank down the road if they take back another house in that neighborhood. If they dilute values in the neighborhood by selling too cheap, they not only hurt the community, but also their own chance to sell other homes at or near fair market value. Obviously, the market value of a bank owned property is already somewhat discounted just because it's an REO. The other reason why they at least try initially to get fair market value is because many owners who lost their homes to foreclosure are still responsible for the junior loans they took out after they purchased as the foreclosure by the first only wipes out the junior lenders' security interest, but it does not eliminate the underlying loan. When the first takes the property back and sells it for more than what was owed to the first (loan plus cost of foreclosure), the difference of the sales proceeds and what was owed to the first should be paid to the holder of the junior note, which will then reduce the liability of the borrower. I hope this explains why comparable sales data are relevant even if the bank took the property for less than what comparable properties are going for in that neighborhood.

Ute Ferdig
Broker-Owner
Ferdig Real Estate Solutions
916-751-1267
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0 votes 1 answer Share Flag
Tue Jul 27, 2010
Matt Puzz answered:
I have a realtor in AZ that will walk a neighborhood even in the middle of the summer if they have a customer that is looking for a home in a specific area. She will do this and she gets listing appointments for homes that do not fit the buyers needs, she is able to provide CMAs to people that are unfamiliar with what their home is worth, and she will pick up buyers that are currently renting. Could you find a realtor that will do that for you in Sacramento, I don't know; maybe you could both walk a neighborhood and determine if their is a home that is available. If you have not selected a realtor I suggest you talk to one and perhaps suggest this idea, right now thinking outside the box is critical to survival but so is working smart. Good luck with your search, if I can be of assistance please let me know.

Matt Puzz
Licensed Loan Originator
Citizen's Choice Mortgage
602-410-9333
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0 votes 4 answers Share Flag
Tue Jul 27, 2010
Max Boyko answered:
You can always approach the owner directly to make an offer, but it's good to be represented by a realtor because it can save you quite a bit of headaches. Our job is to make sure you are protected from every possible angle, and when you're making a purchase for hundreds of thousands of dollars I think representation and experience is a must.

Also most lenders will have requirements to get the loan done which are done on forms and procedures that Realtors specialize in.

Max Boyko
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0 votes 1 answer Share Flag
Mon Jul 26, 2010
Anna Boyd answered:
You also inquired about 1770 Baines. Loan amount is reasonable - it appears. No notices of default. Nothing that strikes me as a desperate seller.

I've contacted sellers directly on behalf of my clients. It works occasionally. ... more
0 votes 3 answers Share Flag
Fri Apr 9, 2010
David Turturici answered:
Bankruptcy may avoid foreclosure under a Chapter 13 repayment plan of arrearages or by stripping of a second mortgage entirrely (where the value of the home is less than the first mortgage, leaving the second note holder "unsecurred"). The second is not stripped until the completion of the plan, at which time the lien is stripped and the debt is discharged.

A bankruptcy may also buy more time to complete a loan modification. In some cases, the bank loan mod department and their legal department fail to coordinate, and homeowners are being foreclosed upon smack in the middle of their loan modification negoatiations. Attorneys here in Sacramento (California Eastern District Bankruptcy court) are requred to assist homeowners with their loan modifications if representing a Chapter 13 debtor ("reaffirmation agreement negotiations" in Bankruptcy Law terminology). If you have run out of time (a Notice of Sale is pending), don't assume the bank will hold off on the sale simply because you are negotiating a loan modification. Get your automatic stay as Cooper Group discusses.

-David Turturici, Attorney/Broker
... more
0 votes 4 answers Share Flag
Wed Jan 27, 2010
Been There, Done That answered:
Lost your job? Getting a divorce? Life in chaos? Best answer -- short sale! Or...just walk away if you cannot refinance....life is about more than square footage, believe me.
0 votes 7 answers Share Flag
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