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90712 : Real Estate Advice

  • All10
  • Local Info0
  • Home Buying5
  • Home Selling2
  • Market Conditions0

Activity 27
Fri Aug 1, 2014
James Sanchez answered:
I don't know.... never heard of this one BUT if you have it in writing, stretch it out for the whole year, collect some money and go to Vegas.
0 votes 6 answers Share Flag
Fri Apr 19, 2013
Glenn Gaspar answered:
Hello, I just performed a HUD search for properties in Lakewood, CA and could not find any. In all honesty your question does not make sense for such a large organization would always have a list of escrow companies which they would revert to. Not once have I ever heard of HUD asking the home buyer to select an escrow company for that could be even worse. You may want to investigate this on your own for your agent may not be telling you the whole truth. Visit this link so that you can obtain information on HUD contacts: http://www.hudhomestore.com/Home/Index.aspx ... more
0 votes 4 answers Share Flag
Tue Jan 29, 2013
Shane Milne answered:
Maritza - it all depends on what your monthly payments are on your consumer debt (car loans, credit cards, student loans, etc.), as from an initial glance $96k/year should qualify for a much higher sales price than $325k if you have no consumer debt payments, and even if you have $1k/mo in consumer debt payments. Sounds like your loan officer isn't explaining what is preventing you from qualifying for more, is that the case?

Shane Milne | Lending in all 50 states | NMLS #81195
... more
0 votes 5 answers Share Flag
Wed Aug 15, 2012
Karen McEniry answered:
Hi Leslie,
There are many wonderful areas of Lakewood, and a lot depends on what schools you'd like them to attend. There is a website greatschools.com that rates the schools, and then you can find the school area boundaries there. Best of luck in your search. Let me know if I can be of assistance. My email is karen@karenmceniry.com and phone number is 714-343-9470 ... more
0 votes 2 answers Share Flag
Thu Sep 12, 2013
Susan Van Wig answered:
You may be able to find the information here https://www.crimereports.com/
0 votes 2 answers Share Flag
Wed Nov 5, 2014
Emily Knell answered:
You may be able to qualify alone depending on what your monthly liabilities are. Don't get in over your head, you don't want to be a slave to your house payment. If you think your sibling will buy with you & then leave you in a couple years & now the house payment is all yours, take into consideration now that you may end up needing a roommate later on to help you with the mortgage payment.

Shoot me an email directly if you'd like to talk to me some more. I don't look back on this same Trulia thread for answers posted after mine.


EmilyKnell1@yahoo.com
562-430-3053 c
Realtor Since 1996
Main Street Realtors
Long Beach, CA
... more
0 votes 8 answers Share Flag
Mon Mar 18, 2013
Debra (Debbie) Rose answered:
are you asking what is involved in a lease with an option to buy ageement?

or, are you asking about a specific property?
0 votes 3 answers Share Flag
Thu Jun 20, 2013
Marie Souza Team answered:
I'm sure you'll get some answers here, but it really would be best to go right to the mortgage source for the exact numbers.
0 votes 17 answers Share Flag
Tue May 1, 2012
James Deskins answered:
Last I heard there was no rule against putting freeloaders out on the street.
0 votes 11 answers Share Flag
Mon May 2, 2011
Laura Coffey answered:
If you are looking for a letter to send to the sellers I just write from the heart as to why you like the property and why you are offering what you are.
0 votes 5 answers Share Flag
Sun Sep 12, 2010
Anna M Brocco answered:
Much will depend on your finances, the type of loan you qualify for, etc., visit with any qualified loan officer(s) first, see if you do qualify for a mortgage, how much, and then go from there. ... more
0 votes 3 answers Share Flag
Tue May 1, 2012
Emily Knell answered:
A few hours since your question was asked & no one wants to tackle the answer. Well, here you go:

If a short sale was approved, the bank can't sell the property at auction unless the parties to the short sale did not adhere to the terms of the short sale approval letter. An example would be: going past the approved close of escrow date for the short sale, without getting it extended.

It is possible to reverse the sale, if it recently actually DID sell at auction & you were within the terms stated in your short sale approval letter. (email me if that happened to you)

If your short sale was approved & you actually did already close escrow. NO the bank can't just sell the note.

Please email me directly with details, you've got a strange situation & I don't feel as though I'm giving you all of the correct & detailed answers you need, through Trulia.

EmilyKnell1@yahoo.com
562-430-3053 cell
... more
0 votes 2 answers Share Flag
Fri Mar 26, 2010
Carl Henker answered:
You will not receive a refund of MI when you pay off your FHA loan using a conventional loan. You would receive a prorated refund of your MI if you stay with an FHA loan. However you are looking at rates above 5% today with cost I would not expect any benefit in refinancing at this point except obtaining some cash for investment. ... more
0 votes 4 answers Share Flag
Tue Feb 14, 2012
Mack McCoy answered:
Dear Seller,
Perform.
Warmly,
Your potential buyer.

Seriously, you're going about this the wrong way. The Seller is the Principal to the transaction, not the Seller's Agent. If the Escrow company cannot get the Seller to perform, neither your agent nor the Seller's agent is going to change that.

After you have received the opinions of your agent and your agent's broker, then it may be worthwhile consulting an attorney who specializes in residential real estate.
... more
0 votes 7 answers Share Flag
Sat Jan 2, 2010
Jenny A. Le answered:
My "peace of mind" answer to you is ... find another comparable home in the same area and move-on.

I would hate for you to miss the $8,000 tax credit (and the CA $10K tax credit for new home purchase) if you don't close by the end of the year while waiting for this property as it could take up to a year or may be longer for a final decision from the bank.

The homeowners have responsibilities, they do not have the power to do anything they want, especially when they are in default. There are real estate laws where all parties have to adhere to.

Please don't get too attach because the whole process of shortsale or REO purchase is very time consuming. All banks have the obligations to exhaust all possibilities to keep the current homeowner in their home. The homeowner has upto 5 days before the auction date to cure the past due issues. The timeline to auction date is upto 4-6 months subject to many unforseen delays which then could lead to +1year.

You should know that "Wamu now Chase" means a tremendous amount of potential delays because the loan may not have an assigned asset manager. No one is paying any attention to the loan, thus the delays you're experiencing. The current homeowner is reaping the benefits of Wamu being acquired by Chase. Bank acquisitions always result in delays.

The shortsale and/or REO processes are not complex at all. They are quite simple. They both require a lot of phone calls, direct follow up (emailing won't work.)

The winner is the one with the most patience.
... more
0 votes 2 answers Share Flag
Sat Aug 10, 2013
Glenn Mast answered:
Summer is the best season for sales. You should be listing your home in the near future in order to take advantage of the selling season.
0 votes 7 answers Share Flag
Tue Apr 14, 2009
Voices Member answered:
Anabel, Read this......http://www.biggerpockets.com/foreclosure-process.html

You can check out more info here....http://www.sco.ca.gov/ardtax_public_auction.html
0 votes 3 answers Share Flag
Thu Feb 26, 2009
Steven Ornellas answered:
Start with your Escrow Company as far as answers & help, re: "Assessor said this should have ben included in our escrow papers."

Best, -Steve
0 votes 2 answers Share Flag
Wed Mar 18, 2009
Sonya Jackson answered:
You need to speak with a foreclosure attorney. They will let you know what your options are depending on if it was a judicial forclosure or nonjudicial foreclosure.
0 votes 5 answers Share Flag
Wed Mar 18, 2009
Maria Morton answered:
Just make that as one of the terms in your contract.
This is very standard; I don't understand why your realtor didn't explain it to you.
0 votes 6 answers Share Flag
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