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Home Buying in Tustin : Real Estate Advice

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Activity 34
Thu Mar 17, 2016
Dyanna Scarlett Torres asked:
Fiance and i have bad credit. we need a place to move in with our 11month old daughter asap. he's been working at a medical facility for the past 5 years . he gets paid around 5,000 a month…
0 votes 0 Answers Share Flag
Mon Feb 29, 2016
Sxtong2002 asked:
Mon Nov 9, 2015
Nicole Fedorchek answered:
Hello-
They can accept another offer, and open an escrow. HOWEVER, they cannot CLOSE escrow until your issue is resolved. Your agent should be getting his/her broker involved, and getting this matter settled for you.
Nicole Fedorchek, Tarbell Realtors
Gold Circle of Excellence
714-914-5097
realtornicolef@gmail.com
www.nicolefedorchek.com
DRE 01920370
... more
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Thu Aug 13, 2015
Vinhbuu answered:
WE HAVE 2 UPCOMING LISTINGS ONE IN ANAHEIM WITH A HUGE LOT GOOD ENOUGH TO BUILS A SECOND LIVING QUARTER, AND TOTALLY REMODELED. OPEN HOUSE NEXT WEEK AUGUST 22 AND 23, 2015 BUT AVAILABLE FOR PRIVATE SHOWINGS NOW.
THE SECOND ONE WILL BE AVAILABLE NEXT WEEK ON OLIVE STREET IN WESTMINSTER, VERY QUITE NEIGHBORHOOD, CLOSE TO SHOPPING, AND FREEWAYS.
BOTH ARE LISTED BY TEAM VIVIAN OF NUMBER ONE REAL ESTATE.
WE ARE THE AREA SPECIALIST . SOLD OVER $300 MILLIONS OF HOUSES IN CALIFORNIA.
714-679-5692 AND 714-719-9042
WE ALSO HAVE OUR OWN DIRECT LENDER WITH GUARANTEED LOWEST RATES IN THE AREA.
... more
0 votes 6 answers Share Flag
Mon Dec 22, 2014
Ann Urias answered:
Mon Dec 22, 2014
Jill Murty answered:
There's the Platinum Program, which is a 3% down payment grant. There's also the Mortgage Credit Certificate (MCC), which offers a first time buyer a discount on the mortgage interest paid on the loan.

Both programs are administered through the National Homebuyer's Fund. If your income does not exceed the program limits, either one or both may be good options for you. You'll want to make sure the MCC has funds available at the time of your purchase. You may be able to reserve funds.
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0 votes 2 answers Share Flag
Fri Aug 8, 2014
Elva Wormley answered:
Hi Laura,

Yes, I have a lot more options available to offer my clients now, including bank statement programs, 1 day out of foreclosure, etc.

Best regards,

Elva A. Wormley
Mortgage Consultant
33 Years Experience
Office (408) 615-8500
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
NMLS #331981 / BRE #01274093
... more
0 votes 1 answer Share Flag
Tue Jul 15, 2014
Nicholas S Nelson answered:
Prequalification are borrower specific, not state specific. If looking in a different state you do need to let lender know if it will be primary residence, second home or investment property. Also, find out if the lender does lend in the other state. Some lenders only have a footprint in certain states and do not lend outside of these states.

I have the ability to lend in all 50 states. If you would like more information on my programs and a free preapproval, please contact me at the below phone or email.

Good Luck,

Nick Nelson (NMLS#384413)
Mortgage Lender
Community Bank of Rockford, A Division of Harvard State Bank
2470 Eastrock Drive
Rockford, IL. 61108
(815) 289-0880 - Phone
nnelson@thehsb.com - Email
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0 votes 7 answers Share Flag
Wed Apr 16, 2014
Jill Murty answered:
If you'd like to buy a foreclosure at the courthouse steps, you'll need cash (cashier's checks) and you'll be buying the property without having the opportunity to see the inside and conduct inspections.

A short sale property is a pre-foreclosure listed for sale with a Realtor. The price at which a short sale will sell is subject to bank approval. The buyer may be asked to pay off back HOA dues, liens, etc., if any.

An REO is a bank owned property that failed to sell at auction and is now listed with a Realtor.

You can almost always obtain financing on a short sale or REO properties.
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0 votes 3 answers Share Flag
Thu Nov 7, 2013
lendersnetwork answered:
I work with some of the best agents in the country. Email me or go to the link on our site so we can connect you with one of our buyers agents.
0 votes 3 answers Share Flag
Wed Oct 2, 2013
Bill Schallmo answered:
If you'll send me the full address, I can get you all the details on the property as I work the local area.

Bill Schallmo
Penmere
714-420-4435
0 votes 6 answers Share Flag
Tue Jun 4, 2013
Steven Ornellas answered:
Hi marylynndatoc,

I want to piggyback on Richard's comment: "The other thing. Verify the effects of transfering your Prop 13 tax rate."

You will be happy to know there are actually THREE CA Propositions that allow transfer of tax base. In fact, there are special circumstances that not only allow some to transfer tax base TWICE, the replacement property may be 110% of the sale price (see page 2 of the linked document below).

PROP 60 provides for the transfer of a base year value from a principal residence to a replacement dwelling within the SAME County by a homeowner age 55 and over.

PROP 90 authorizes County boards of supervisors to adopt ordinances allowing base year value transfers between DIFFERENT counties. As of 2/15/10 (confirm current status before taking any action) only the following eight counties in California have an ordinance enabling intercounty base year value transfers:

Alameda, Los Angeles, SAN DIEGO, Santa Clara, El Dorado, Orange, San Mateo, Ventura

Now, generally, a person can use Prop 60 or 90 only once. However, PROP 110 provides the sole exception where a person first received relief for age and then subsequently the claimant or claimant's spouse became severely and permanently disabled and has to move because of the disability.

Prop 110's Section 74.3(b) extends Prop 60 & 90 to "... any person who has a physical disability or impairment, whether from birth or by reason of accident or disease, that results in a functional limitation as to employment or substantially limits one or more major life activities of that person, and that has been diagnosed as permanently affecting the person's ability to function, including, but not limited to, any disability or impairment that affects sight, speech, hearing, or the use of any limbs."

Whatever you do, please consult a tax/financial/estate planner before making your final decision!

You can read much more about the three propositions here: http://docs.Steven-Anthony.com/Prop60-90-110.pdf

-Steve
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0 votes 4 answers Share Flag
Tue Jun 4, 2013
Sinead McAllister answered:
Hi Marylynn,
Interesting question. I agree that it will also depend on what your motivating factors are for where you want to live and what time frame you are looking at. I specialize in Oceanside, having grown up here, and currently running my business and raising my three young kids here. So any questions you have about Oceanside, I would be happy to answer. If you want to take a tour of some available homes to get a feel for the different neighborhoods, I would be happy to show you around.

Thanks!
​Sinead McAllister-Clifford
Real Estate Broker/ Realtor®

McAllister Homes Real Estate
Residential Sales & Property Management
www.McAllisterHomes.com
License 01366009
858-205-5215 CELL
brokermcallister@gmail.com EMAIL
... more
0 votes 4 answers Share Flag
Thu Mar 21, 2013
Bill Schallmo answered:
I’m truly sorry to hear about your situation. I have dealt with many clients’ with similar challenges. Believe it or not, there are some landlords out there that are willing to help, when it makes sense. I have a network of apartment owners that have been willing to consider “less than perfect” renters. Keep in mind, they just want to make sure you can pay, that’s really all they care about. You’ll need to provide them with ample evidence that you can make your rent payment “on time”… Send me an email at: billmyealtor@yahho.com and I’ll tell you what steps you’ll need to take to hopefully get you squared away. ... more
0 votes 6 answers Share Flag
Fri Mar 8, 2013
Angie Pham answered:
Hi Joe,
As a first time hone buyer, there are 2 free grant programs that you might qualify for up to $15,000.00 with only 3.5% down. Please call or email me for more information.
Angie Pham
949-232-6555
atbroker@sbcglobal.net
... more
0 votes 15 answers Share Flag
Fri Feb 15, 2013
Shane Milne answered:
Hi Erin, thanks for the reply. Are all of the $900/mo payments in your husbands name? If so, that does make his debt to income ratio on the higher side but still within qualifying range (not a lot of room to spare though). As far as the down payment requirement, if you aren't a Veteran and aren't buying in a rural area, the two lowest down payment options would be FHA financing (3.5% down) and Fannie Mae or Freddie Mac conforming financing (3% down). California has three popular down payment assistance programs for first time homebuyers that can help with those requirements - CHDAP, CHF Platinum Grant, and the CHF ACCESS. One of the better blog articles I've read explaining the differences can be found at Brad Yzerman's website at http://homeloanartist.com/2012/04/compare-chdap-platinum-access-down-payment-assistance-programs/ ... keep in mind the interest rates are usually higher when using the down payment assistance programs though, so if you can come up with the entire down payment yourself or from family (or a combination) then that is usually the better option.

I understand the difficulties of finding a home for $250k or less in South OC - even in Tustin it can be challenging. If you haven't already discussed things with a real estate agent, then Anthony or William would be good to contact to find out what areas would be within your price range for the type of home you are looking for, you may even have to expand your search to Corona as the prices start to get lower as you get into Riverside County (I recommend you don't "settle" on a particular home just because it's in a location you want to live in).

Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans | 949-273-4161 direct
... more
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Sun Feb 3, 2013
Miekeba Jones answered:
Hi Bingh, May I suggest asking the seller for 3% closing costs. That should cover it.
0 votes 7 answers Share Flag
Thu Jan 3, 2013
Bill Schallmo answered:
How is the relocation coming along? I noticed no one really answered your question...
Bill
0 votes 4 answers Share Flag
Tue Dec 18, 2012
Morcos Azer answered:
If you are in mid-late 30s, and you did not save any money for down payment, I advise you not to commit to a house payment until you consult with a financial adviser.
0 votes 11 answers Share Flag
Thu Nov 29, 2012
Ann Urias answered:
If you are in a buy owner transaction, make sure to contact an escrow company to handle your deal. No Realtor is going to be willing to take the responsibility for a small fee. Good luck ... more
0 votes 11 answers Share Flag
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