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90630 : Real Estate Advice

  • All22
  • Local Info2
  • Home Buying11
  • Home Selling0
  • Market Conditions5

Activity 31
Thu Mar 27, 2014
In order to ease our borrowers' frustration of making multiple offers and not getting them accepted, my company has recently rolled out a solution that has been providing great resultst...We call it "Keys on Time Guarantee".

This program guarantees to close the transaction on time, or the borrower gets $795 refunded to them. (we have never had to pay that money out so far)! We are the 27th largest non-depository Mortgage Bank in the United States, so we are closing our fair share of transactions.

We are closing these loans so quickly that we feel confident that we can help buyers write a contract that will stand out from the others; from reduced escrow days to the one of a kind "Keys on Time" Certificate that we provide to submit with the offer, and stand out from the crowd of offers.

Contact me if you want to learn more?



Thierry Abel
Senior Loan Consultant
All California Mortgage
A Division of APMC
P: (415) 464-8261
C: (415) 378-7508
F: (415) 464-2367
NMLS 304353 - DRE 01380701
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0 votes 12 answers Share Flag
Fri Mar 28, 2014
Ron Thomas answered:
Mon Nov 12, 2012
Joe Van Fossen answered:
Considering rental and home prices have been consistently going up in Orange County, it might be difficult to save up to buy a house in a few years--and by then, homes may not be as affordable as they are today. There's really no predicting what's going to happen a few years from now, so the answer largely depends on your current financial situation and what your priorities are.

Security deposits will generally be cheaper on properties that are smaller and cheaper. It all depends on what the owner thinks is fair.

In terms of the cheapest route to home ownership, there are loan products available with minimal down payment costs to buyers. In some cases, you can pay as low as .5% down towards the purchase of a home--if you qualify. Of course, this means you will be paying a higher monthly payment on your mortgage, in addition to private mortgage insurance. That's just one solution, but ultimately it depends on your financial situation and what you're most comfortable with.

If you have any questions on homes or rentals in Cypress and Orange County, please get in touch with me at (714) 584-7154, or e-mail at I'm always happy to help.
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0 votes 5 answers Share Flag
Wed Apr 16, 2014
Joe Van Fossen answered:
I've included a link directly to my website's search results for available rentals in Cypress with a minimum of 3 bedrooms. All of the listings here are direct from the MLS, submitted by licensed real estate professions. You can rest assured these are legitimate rental listings (in regards to your other question, if you come across a rental on another website that seems too good to be true, it probably is)

Please get in touch if you would like more information on any of these properties, or any information on the area in general. You can reach me at (714)584-7154 or
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0 votes 5 answers Share Flag
Thu Nov 8, 2012
Suzanne MacDowell answered:
I don't know whether it's a scam or not, most of the really blatant scams start off with "hi my wife and i are missionaries to some foreign country and we need someone to rent our home that will care for it as it were their own...." However, I will say this, I would find it highly suspicious that a landlord would not require credit checks or a reasonable security deposit. And, if it sounds too good to be true, it probably IS. Having said that, I wonder if this ad isn't trying to attract people who want to 'rent to own'. Depending on the terms, that may not be a terrible option. I would, however, proceed with extreme caution going so far as to have an attorney review any paperwork required. ... more
0 votes 4 answers Share Flag
Tue Sep 25, 2012
Nikunj/Nick Shah answered:
Once you change the status on the MLS it will reflect to Trulia.

0 votes 3 answers Share Flag
Tue Sep 18, 2012
Mona Bottros and Yaxkin R. Velasquez answered:
This is not legal advise, consult an attorney: Yes the bank can and will foreclose on the property for lack of payments. Since the 3 remaining siblings are not on the loan only on the title when the property forecloses they will not be liable as they are not responsible for the loan.

Once the property forecloses, title will revert back to the bank.

The question in my mind is, does the property have equity? if it does, they "may" consider paying off the bank what's owed and selling the property at a profit later. Our company offers bridge loans, just so you know.
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0 votes 6 answers Share Flag
Thu Jun 21, 2012
Joe Homs answered:
I will sell it for you for only 4%, why go through this hassle? Let a professional handle the transaction for you. Give me a call.

Joe Homs
0 votes 4 answers Share Flag
Fri May 17, 2013
Lindsey Acton answered:
I have done this before, but currently there are few sellers willing to do this. I do have a seller out in Rancho Cucamonga who is willing to. He owns several homes and with a reasonable down payment has expressed a desire to do this. ... more
0 votes 4 answers Share Flag
Fri Oct 26, 2012
Mona Bottros and Yaxkin R. Velasquez answered:
According to records the last Sale was in 2011 and it shows not currently active in any system.
0 votes 5 answers Share Flag
Fri Oct 26, 2012
Brian Head answered:
According to MLS, This home on Karen Closed escrow on 1/14/2011 for $500,000. If your looking for a house similar to the one on Karen please contact me. We can help you see whats on the market that needs your needs.

Thank you,
Brian Head, Realtor
Joel Feinstein Law
949 306-3556
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0 votes 6 answers Share Flag
Thu Jun 26, 2014
Brad Davidson answered:
Keep in mind that you're paying rent to someone who isn't paying their mortgage. Just taking your money and sticking it in their pockets. You would also want to make sure that the person who you are paying rent to is actually the owner not some scam artist who found a vacant house to rent out.

Good idea? Certainly not a good long term plan.
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0 votes 16 answers Share Flag
Fri Mar 28, 2014
Joseph Domino answered:
This is something that you should investigate thoroughly before proceeding. Since you will not be using the money to purchase the home, it will look like a "cash out" refi. Many banks today are not offering this type of loan. In addition since this will not be purchase money it may not be considered a non-recourse loan meaning should you default later on you will not be exempt from debt collection and taxes on the debt forgiven.

Speak with a lender and tax professional before proceeding to make sure you understand what your situation will be like if you decide to go this route.
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0 votes 10 answers Share Flag
Wed Nov 18, 2009
Emily Knell answered:
I deal with this same problem all the time, even in our MLS mapping systems. I have inquired about it before & have been told it's Microsoft's fault for not updating their satellite images. Like Bill Gates doesn't have the money to just buy his own space shuttle & update it for everyone!

I have discovered that some satellite images are Clearly more than 5-6years old! Try using the "Birds Eye" view, rather than just aerial, you may see the house then. Try too.
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0 votes 2 answers Share Flag
Wed Nov 18, 2009
Tim Kunze answered:

We have an agent in our office who speaks Korean. Her name is Vicki Paparella and her phone number is 714-742-3955. PLEASE tell her I referred you.


Tim Kunze
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0 votes 1 answer Share Flag
Wed Nov 18, 2009
Tim Kunze answered:

In the past six months, there have been nine closed sales for an average price of $871,555 ($286.85/ sq ft.). There are currently two active listings at $920,000 and $970,000 and three houses in escrow. There has also been once canceled listing.

This is a very sought-after housing edition with higher home prices than the surrounding neighborhoods. How can I be of service to you in your home search? Just give me a call or drop me an email and let's get started finding your new home.

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0 votes 3 answers Share Flag
Tue Oct 6, 2009
Lourdrie McNamee, MRP answered:

Can you give more details, I found one complex called Midwood Manor and there is an active listing on Bryant St. Hope that helps.

Lou McNamee
Coldwell Banker
0 votes 2 answers Share Flag
Thu Jan 22, 2009
Thom Colby answered:

In this (Buyer's) market, you should sell your home prior to purchasing another because it may take a long time to sell the property you now own. The time it takes is directly related to location and price. If you have owned your current home for only a couple of years and have a mortgage that was close to the purchase price, you will likely not be able to sell it for what you now owe.

If you do place your home on the market prior to buying another, you will know whether you will be able to obtain a price at which you would be willing to sell.

Then, once your home is sold, you can look for another property knowing you will not have two mortgages to worry about. Just remember, a transaction is not "done" until it has recorded so don't lock yourself into a purchase unless you have a contingency for the sale of your current home.

Best of luck,

Thom Colby
Broker & Realtor
Orange County, CA
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0 votes 10 answers Share Flag
Fri Mar 28, 2014
Jeremy Lehman answered:
Not all area's are as affected by the current market. Remember, LOCATION, LOCATION, LOCATION. There are some neighborhoods that are so desireable because of schools, area, or whatever, that continue to prosper in this market. There are many people that buy a home because of the lifestyle the area provides, rather than to make a profit on their home. Where are you going to live when you sell your home in your favorite neighborhood for profit? Most people would want to stay in that neighborhood.

I suggest looking at what is most important to you. Is the neighborhood more important to you than the bargain. If the answer is yes, then you should buy.

Jeremy Lehman
Century 21 Beachside
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0 votes 16 answers Share Flag
Thu Feb 23, 2017
Linsey Planeta answered:
I would get in touch with an agent you trust to do some research and inquiries regarding the property you are interested in. It is not unusual for a lockbox and sign to remain at the property after an offer has been accepted and the home has been 'sold'. The buyer still has the right to inspect the home. In addition, the loan and escrow will take at least 30 days to complete so the sign will likely remain during that period.

You do not have to pay cash for a bank owned property. Many, if not most, are purchased with a loan. That part of your conversation with this agent is suspect. Again, I would ask an agent you feel comfortable with and trust, to call the agent and find out what the story is with the property in question.

Best of luck to you.
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0 votes 13 answers Share Flag
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