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Home Buying in 90068 : Real Estate Advice

  • All36
  • Local Info4
  • Home Buying11
  • Home Selling6
  • Market Conditions0

Activity 1,427
Thu Jan 24, 2013
Brian Byhower answered:
Aaaaaannnnnnddddddd? ?
0 votes 4 answers Share Flag
Sun Jan 20, 2013
SERGEY FEDNOV *** 424-777-9377 answered:
I'm not sure about Wells Fargo, however I know a lender and they have stated income loans 700+ fico , 30-40% down , primary residence only. Rates below 5%



____________________ 
Help with Any Real Estate Transaction - Buy or Sell  

Call me 424-777-9377 -  FREE CONSULTATION!  


Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777. 


Sergey Fednov 
President - Realtor® 
- Trust Sale Realty - 
Residential & Commercial Real Estate 
_______________________________ 
Toll Free: 1-855-TRUST-55 
Toll Free: 1-855-878-7855 
Phone: 424-777-9377 
Fax: 310-356-4925 http://www.TrustSale.com  http://www.TrustSaleRealty.com 
- We Hire CA Licensed Real Estate Agents - 
Lic# 01896869 
 
... more
0 votes 4 answers Share Flag
Tue Jan 22, 2013
Dan Tabit answered:
Cesar,
Possible, depending on other factors. Meet with a local full service lender and discuss your plans and goals. DTI is a problem which can often be overcome by a careful examination and some planning.
Your score is fine and you nearly have 20% down.
Some options, assuming what you wrote is accurate, put down less and pay off debts, use a different loan to achieve acceptable DTI, find additional income you are not currently crediting yourself.
Here's the next question, assuming your information is correct are you sure you want to put yourself in this level of risk? The reasons banks have DTI ratio's is to ensure the borrower can afford the purchase. If you are on the edge financially and you get sick, lose your job or have a financial emergency you could be in trouble very quickly.
Take a good look at your options, discuss them with a lender and consider carefully how you want to move forward. Best of luck.
... more
0 votes 15 answers Share Flag
Sun Aug 4, 2013
Michael Abram answered:
Hello,

You need at least 2 years seasoned from the date of discharge on the Chapter 7 BK to qualify FHA. I know a portfolio lender that will consider exceptions, but it requires a minimum loan of 300K and a purchase price no less than 600K.

Best of luck to you.

Michael Abram
RPM | Los Angeles
Cell: (310) 995-0975
mabram@rpm-mtg.com
www.rpm-mtg.com/mabram
... more
0 votes 6 answers Share Flag
Mon Jan 28, 2013
Hirji,ron answered:
Mon Jan 14, 2013
Jane Peters answered:
It certainly doesn't hurt. So many things can go wrong, so if you are in first backup position you will e next in l ine.
0 votes 10 answers Share Flag
Mon Jan 14, 2013
Lt2e answered:
^ Ah Sorry...will clarify the question : So, if the property is still tenant occupied and it's 5 days prior to close of escrow... does that mean in California, the seller is in breach of contract and buyer can still cancel and get deposit money back.... ... more
0 votes 14 answers Share Flag
Sat Jan 12, 2013
Jim Olive answered:
Jep...I can tell you in my own, personal experience, I recently bought a short sale. It took 3 separate attempts over 9 months to make it happen. Each time the attempt failed the listing would have to be technically put "back on the market", but would then immediately go back under contract with my new offer, so people would see it come up and then go right back down. It's all above boards, same buyer just trying to get through all the hurdles the bank throws up in the way. Very frustrating process for everyone! Best of luck... ... more
0 votes 8 answers Share Flag
Thu May 30, 2013
Richard "RJ" Kas answered:
You can sell it and pay the difference, short sell it, rent it and buy another.. Depending on you other debt obligations and credit score, you may have several options available to you. I would be happy to discuss those options with you directly. Please contact me. I would be pleased to assist you. ... more
0 votes 9 answers Share Flag
Thu Jul 21, 2016
SERGEY FEDNOV *** 424-777-9377 answered:
I can help you with your purchase!



____________________ 
Help with Any Real Estate Transaction - Buy or Sell  

Call me 424-777-9377 -  FREE CONSULTATION!  


Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777. 


Sergey Fednov 
President - Realtor® 
- Trust Sale Realty - 
Residential & Commercial Real Estate 
_______________________________ 
Toll Free: 1-855-TRUST-55 
Toll Free: 1-855-878-7855 
Phone: 424-777-9377 
Fax: 310-356-4925 http://www.TrustSale.com  http://www.TrustSaleRealty.com 
- We Hire CA Licensed Real Estate Agents - 
Lic# 01896869 
 
... more
0 votes 19 answers Share Flag
Thu Jan 10, 2013
Ron Escobar - Local Expert answered:
nope... they wont fund until they can verify employment... and it should be your current employer, unless you changed employers in the middle of the loan... I hope not because that is a BIG no-no and your loan may not go at all...

Good luck...I hope u close

Ron
... more
0 votes 6 answers Share Flag
Thu Jan 10, 2013
carlos parrague answered:
You cannot buy a foreclosure house with a loan. All foreclosures are cash only.
0 votes 4 answers Share Flag
Wed Jan 9, 2013
Douglas Perez answered:
You can also check LA County Recorder's Office in Norwalk on Imperial or the office in El Segundo by LAX.
"The amount of the homestead is $50,000 for a single person; $75,000 for a married couple; and $150,000 for a disabled person, someone over 65, or someone over 55 living on gross income of $15,000 or less per year per ($20,000 if married)."


Selling or buying ? Contact me.
Douglas Perez
... more
0 votes 3 answers Share Flag
Sat Jan 12, 2013
John Arendsen answered:
By far Allied. I took both my RE salesperson and brokers test from them and passed them both on the first test. My brokers license was a little more difficult and I needed to call on them several times for guidance and advice. They are by far the best mentors in the RE biz. ... more
0 votes 16 answers Share Flag
Tue Jan 8, 2013
Alberto Pacheco answered:
I am a realtor and assisted my buyer in the home buying ptocess using NACA as the lender

Alberto Pacheco
818 481 9211
Alberto Pacheco@kw.com
0 votes 3 answers Share Flag
Sun Sep 3, 2017
Caroline Harabedian answered:
Well, it really matters what part of LA you are looking at. In the valley, in Granada Hills (what I like to call the Beverly Hills of the Valley), you can find a nice 5 bedroom house, large with a pool for around $500k. Average price of homes in the valley are well below $400k total. Most of these homes are built in the 80s and 90s, but some of the higher end homes are built after the 94 earthquake so you have more modern choices. Most people buying above $700k are putting large amounts in down payment, that's why they can afford home loans.

If you want to speak with a qualified loan officer about your loan needs, I can recommend Bridgette at WestCom Lending (818) 335-0283 / bridgette4re@yahoo.com

All in all, location is key in finding a home that is for you. Maybe try searching a slight further commute to work to have the luxury home you want. Any questions, feel free to contact me.

--
__________________________
Sincerely,
Caroline Harabedian
Realtor
RE-Search Concept
8700 Reseda Blvd., Suite 213-B
Northridge, California 91324
(818) 967-9626 mobile
(818) 979-0226 fax
www.HomesByCaroline.net
... more
0 votes 76 answers Share Flag
Thu Feb 7, 2013
Terry Farnsworth answered:
There are so many occupations or situations that would allow someone to afford a 700K home, they are almost impossible to list. There is no "typical" occupation. They could be anyone from a business owner, to an executive, to someone who was left a large sum of money through an inheiritance, to a movie producer/celebrity. The list goes on and on and on and on... ... more
0 votes 10 answers Share Flag
Wed May 29, 2013
Walter 'Skip' Kersten answered:
In my opinion, the end of QE would be the begining of a rise in mortgage interet rates. Although most projections are for home prices to rise in 2013, the rise of mortgage rates have the potential to lessen the current demand for homes. This may have a negative impact on future home price increases after QE has ended. I firmly believe 2013 offers the best opportunity for both buyers and sellers while rates are still at historical lows.
Happy New Year!
... more
0 votes 8 answers Share Flag
Sat Jan 5, 2013
carlos parrague answered:
https://www.naca.com/nacaweb/partners/REAgent/overview.aspx?language=
0 votes 2 answers Share Flag
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