Yes, it will absolutely push up your condo's value. People who are forward-looking drawn to urban living very much appreciate having easy access to transportation, dining, shopping and such.They know how important it is to have the ability to reduce their carbon footprints by walking places or riding the Metro.
Please don't hesitate to contact me. I'd love to talk with you further about this.
Hi, I would love to speak to you further about your interest in income properties in person as there is much to discuss. I work out of the top producing office in the nation which grants me unparalleled access to all areas in LA along with any off market deals to be found. I look forward to speaking with you at your convenience.
Coldwell Banker | Beverly Hills North
Cell: (323) 570-1441
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Continuation of the question: Our lender and realtor do not understand the reason for all the rush & neither do we. We were led to believe it was the "mean bank". But that doesn't make sense because why would the bank throw away a good buyer. The seller's realtor "was able to convince the seller to sign an ext for just 2 more days". So we are still waiting, but the lender still doesn't think it can go through by then because he's waiting for a few conditions to clear. The seller's realtor is very rude, will not discuss any of this with anyone....as though it's beneath her and how dare any of us question her!! We just want to know what is going on? It sounds very vague or suspicious.... more
I'm not an attorney, but I've heard of this happening before and I'm not aware of any law against it. A loan isn't finally really approved until it's funded and closed. I've even had lenders request documentation after funding and threaten to reverse the funding. As long as they have the money you want, you are at a bank's mercy. It's not fun, fair or the way we wish it were, but it's the way it is.... more
Without seeing the contract or if you had contingencies we cant help. plus we cannot give legal advice. small claims might be an opinon if seller holds deposit. next time contact me at 818-426-1700 to.help with your purchase
I usually refer these types of questions to websites that rate the different schools. The one to look at is www.greatschools.org. You should be able to get all the information you need from there. I uderstand that Manhattan Beach has excellent Schools from residents there.... more
You can get this information from the borrower's credit report or from Schedule D of a bankruptcy filing if the borrower has filed bankruptcy. Otherwise you can estimate it. The principal on a typical 30-year mortgage amortizes at about 2% per year for the first 10 years. So if the loan on a $300,000 mortgage that is current was made 5 years ago, the remaining balance would be approximately $270,000.
It might help to get the Notice of Default, which shows the amount of the delinquency on a deed pending foreclosure.
Carl 'Tom' Hallen
That DEPOSIT money is a very serious responsibility:
You might compain to the BROKER, and you might file a complaint with the local MLS. In the extreme; you could compain to the State Real Estate department.... more
Property taxes are approx 1.25% of the purchased price.
Please feel free to contact me directly for more info.
Realtor Coldwell Banker
You should have a loan contingency in your contract. If you haven't given your deposit to escrow yet, then issue a cancellation form (the seller will also need to sign it) and move on. Be above-board about not being able to get your loan. As I said before, if you've tried in earnest to get approved for a loan, then your within your rights to cancel the transaction.... more
It all depends on how the contract was written. I would advise you to consult with your Realtor ASAP as time is of the essence!
McAllister Homes Real Estate
Just because it still shows as active does not mean another offer wasn't accepted. Although most MLS rules require listing agents to change status within 48-72 hours, many agents don't do that so as to keep people coming after the property until the primary is solid. My guess is that's what's going on.