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Home Buying in 90025 : Real Estate Advice

  • All78
  • Local Info2
  • Home Buying42
  • Home Selling8
  • Market Conditions9

Activity 1,426
Fri Oct 26, 2012
Garrett Hess answered:
** First and foremost, escrow fees are negotiable.** Escrow fees will vary slightly between escrow companies, but not by much. They usually will charge a flat rate between $1 to $2 per $1,000 of the purchase price. What you need to look out for, are all the "add on's" (doc prep, handling fees, notary, ect.) Be upfront with them, and negotiate. They will work with you! Goodluck! ... more
0 votes 5 answers Share Flag
Fri Oct 26, 2012
Jane Peters answered:
This is rather a vague question, but I would assume you mean that your three-day time limit has passed. You don't have to do anything. If you don't extend it you don't have an offer. If you want to be in the game you should extend it. Often these offers go past their expiry date but are still considered, and counters are written extending they buyer's offer just for consistency. So, if you are interested in the house, have your agent extend. ... more
0 votes 12 answers Share Flag
Wed Oct 31, 2012
Ron Thomas answered:
When a home has cleared Foreclosure, all Liens have been satisfied; all back taxes should have been cleared.
Taking out Title Insurance protects the Buyer in that case.
The Commissions are paid by the Bank, the Buyer's Agent is free to the Buyer.
The only "catch" would be the CONDITION of the property; most of the time, some work is needed. This could present a problem for the Buyer, as some Lenders, (FHA and VA) have stringent rules concerning habitability.
This problem gives an advantage to CASH buyers as they are not dependent upon a Lender's requirements.
It has also spawned a new type to Loan which piggy-backs re-hab costs on the primary loan.
You will want a local Realtor representing you in L.A. for all the obvious reasons.

Good luck and may God bless
... more
0 votes 13 answers Share Flag
Fri Apr 29, 2016
Susan Bo'ur answered:
Hi Mike,
Are you looking to buy or rent?
Please feel free to contact me directly..Susan@BeverlyHillsLuxuryFlats.com
Realtor
Susan Bo'ur
Coldwell Banker
0 votes 30 answers Share Flag
Mon Apr 25, 2016
Rolly Phillips answered:
If you have closed and recorded the property is legally yours no matter what the bank says. Call the local sheriffs office and prove to them you have legal authority on the property. And that they are now trespassing on your property. But as squatters they probably have more rights then you do. Make sure you provide the proper documentation for the officers. Or they will tell you its a matter ofr the courts to decide and they might anyhow. ... more
0 votes 14 answers Share Flag
Fri Oct 19, 2012
Tim Moore answered:
Can the bank do what they did, obviously they can. Can you take legal action, you can but you will loose and the lawyer will just waste your money. A seller doing a short sale is trying to make a sale before the bank forecloses. The bank does not have to accept a short sale and in your case they did not and moved to foreclose and ignore the offer to purchase the house. Your earnest money should have been put into the escrow account by someone, you don't tell us who you gave it to, but you should get it back. You have no legal action in my opinion, which is just my opinion. This is common in short sale, which are never easy and always frustrating. ... more
0 votes 13 answers Share Flag
Fri Oct 19, 2012
Janey Bishop answered:
Congratulations on being a smart consumer. You are not in my area but if you're interested in the San Fernando Valley or know anyone moving here I would be happy to help.
0 votes 13 answers Share Flag
Mon Oct 22, 2012
Scott Godzyk answered:
You can not just be tossed in the street, you can google landlord tenant law CA to get a list of your rights. In most cases after the auction you will be notified and oftewn offered a cash for keys to move out in a specified time, usually 30 days and get paid to move. If they dont offer it, ask for it,. ... more
0 votes 6 answers Share Flag
Sun Apr 21, 2013
Bill Hooper answered:
To estimate your property tax, use a multiple of 1.22% times the sale price of your home.

Bill Hooper
RE/MAX Westside Properties
bhooper@remax.net
0 votes 11 answers Share Flag
Sat Oct 13, 2012
Jeffrey White answered:
Homes priced well are selling right away, and in almost any market this is the case. By right away I mean within the first week or two they have an accepted offer. Often though, if a hone is priced incredibly well it will be in escrow as quickly as 2-3 days after it is listed. Of course I also have to say that "priced well" is a matter of opinion. The better way to define what I'm talking about is pricing below current estimated market value. If the estimated value of a property based on comps is around $840,000-850,000 and you have it priced at $790,000 this is going to most likely be a very well priced home and create interest needed to net a quick sale. This is assuming that the comps used are truly comparable. Seem areas are very diverse in the size, types and condition of the homes so you have to always compare apples to apples. ... more
0 votes 9 answers Share Flag
Wed Oct 10, 2012
Jeffrey White answered:
Talk to your agent and read your contract. If the contract stipulates that the seller will be responsible for buyer's non-recurring closing costs then you shouldn't be having your closing costs listed as a debit to the buyer on the escrow breakdown. The question is was this included in your purchase contract or not? My guess is that it wasn't or someone has overlooked it. If there is an error then your escrow officer can help you correct it. ... more
0 votes 13 answers Share Flag
Tue Mar 3, 2015
Jane Peters answered:
Since you don't pay the representative who is helping you with the most important transaction of your life, and you want them to pay you, I am not sure you want to go that route.
0 votes 21 answers Share Flag
Mon Oct 8, 2012
Richard "RJ" Kas answered:
There shouldnt be any issues with giving a short extension. If your wiring and docs are there, escrow and the listing agent should be able to convey the situation to the short sale closer with an updated hud with the adjustment to closing and all should be ok. It is rare to see a lender not give an extension at this late stage of closing a short sale. Just make sure that all parties are doing their part to work this for you. Good luck. ... more
0 votes 4 answers Share Flag
Mon Oct 8, 2012
Ron Thomas answered:
You first recourse is to contact the fired Listing Agent's BROKER:
This should be all that is necessary.

If you don't get relief, you can file a grievance with the local MLS board.


Good luck and may God bless
... more
0 votes 16 answers Share Flag
Wed Oct 3, 2012
Diane McDonald answered:
If you're taking on the responsibility for the 9a report, usually in a foreclosure or short sale, check with city records during your physical inspection contingency period to make sure the property has a connection to a sewer permit and if there are any liens on the property. In a regular sale the seller normally provides the 9a report and can be held responsible for any glitches that might show up there, including getting a permit after the fact for a sewer that doesn't show as being permitted by the city, or even for putting in a new sewer if there isn't one. ... more
0 votes 5 answers Share Flag
Wed Oct 10, 2012
Morcos Azer answered:
It all depends on the property condition and on your financial situation. Some properties qualify only through certain programs. Also, the more down payment you pay the lower your mortgage payment will be.
Good Luck
... more
0 votes 4 answers Share Flag
Wed Oct 3, 2012
Neil Kenes answered:
Do you mean a property that you are leasing? (And you are wondering if the owner is selling?)
0 votes 7 answers Share Flag
Sun Sep 30, 2012
Dorene Slavitz answered:
Dear Yanni,

Once you have committed to an excellent Buyer Agent you will recieve all the listings you would like! Licensed Realtors who work as Buyer Agents have access to ALL listings in Los Angeles County.

The process should involve a personal meeting with a licensed Realtor,to discuss your needs, to go over contracts, take care of your Pre-Approval with a loan officer, discuss all concerns, and arrange times and days to view property.
It is at this meeting that you will get a feel of what the working relationship will be like. It is taking quite some time to find property in our current market. It's not unusual to spend (6) months on it!
It's a big committment to purchase a home so expect to spend some time with your Buyer Agent before getting started.
Happy Home Buying!
... more
0 votes 1 answer Share Flag
Tue Oct 2, 2012
Sona Gallatin answered:
Yes, if the extension wasn't accepted by seller, seller can choose to put the property back on the market. Sounds seller is canceling your escrow? Did you get a cancellation?
0 votes 7 answers Share Flag
Sat Sep 20, 2014
Ron Thomas answered:
You might ask your Escrow Officer; that[' s what she's there for:

I am quite sure that the answer is no;

I also wonder why you would care?
You must have a good reason for asking.
0 votes 13 answers Share Flag
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