Unfortunately, a credit rating is very important.
Make a two year plan to build your credit.
Talk to people who know what you have to do; check a book out of the library;
It's like going on a diet, but it hurts less.... more
Yes, there are 4 homes within 1 mile of the high school. Call or email me and I can give you the details.
Nelson Shelton & Associates
Lic# 01275416... more
I would be happy to help you out with this. I work with a large number of investors, and especially recommend condos as an investment. I have helped many investors with this exact scenario, and they are now making excellent returns on their properties. It is important to analyze the properties for their expected ROI (return on investment) as you mentioned, taking into consideration all projected expenses and potential rental income. You can see several sample scenarios where I have done this, by visiting some of the properties listed here: http://richardschulman.com/category/foreclosures-of-the-week/ And this is something I do on a regular basis for my clients in analyzing investment properties. I would be happy to talk with you further and help you analyze your situation and get you started in the right direction.
Feel free to contact me at any time.
Keller Williams Realty
I would be happy to help you with your search. Do you want a single family home or would you consider a townhome with a small outdoor area, as well? There are many options in the Pasadena area, you can reach me at (626)487-3678 to discuss the matter in more detail.
Did the lien holder supply her with a letter that she was free and clear from the all her debt? Not all lenders supply a letter releasing the home owner from everything. I would start there and dble check what the bank agreed to release her from and check with a lawyer.... more
Are you SURE you will not qualify for a refi? I can refer you to a couple of lenders who may be able to help you. With so much equity in your home there may be a way. Contact me and we will brainstorm to get you some help!
Dot Chance, RealtorÂ®
Certified Distressed Property Expert â€“ CDPEÂ®
DRE License #01494182
Keller Williams Realty World Media Center
WHEN YOU THINK OF REAL ESTATE...Think DotChance.com! My business thrives from your referrals!... more
Are you looking to purchase a condo or rent one? On the purchase side you are looking at an average price of approximately $300,000 for a standard condo. If you are looking to rent you will be looking at anywhere from $1600 - 2500 per month depending on the quality of the condo. If you want further assistance feel free to contact me, I'd be happy to help.
The tax code is mostly interpreted along these lines:
If you or your spouse that resides with you are age 55 or older, you may buy or construct a new home of equal or lesser value than your existing home and transfer the trended base value to your new property.
If you require additional detailed information, please contact your tax consultant, or the Los Angeles County Assessor at:
The appraiser will be required to represent the best interest of the lending bank and cannot be instructed by the buyer to appraise a property at a chosen price. You can certainly hire an independent appraiser to perform an appraisal on the property.
Lease to own has fallen out of favor for many years for several reasons. Most importantly, when a seller agrees to a lease option, they agree on a sale price and a monthly "rent" that is inflated so that some portion of the rent goes into an account that accumulates a down payment. So if the normal rent would be $2,500 a month, an owner will charge $3,500 and put the extra $1,000 into an interest bearing account for the renter, who is virtually saving for a down payment. That all sounds good, except let's say the owner agrees to sell the tenant the house for $500,000 when the option is exercised. So maybe in two years the renter is ready to do that, but home values have increased, and now the house is worth $600,000. The seller still has to honor the original sale price, so he loses $100,000 in that scenario. On the other side of the coin, let's say that two years goes by and now the value has decreased, so that the house is now only worth $400,000. In that case, the buyer is committed to going forward at the agreed to price, thereby overpaying for the house by $100,000.
That's why they're not popular. In my ten years of real estate, I've never seen one offered at all.... more
Each method has it's positives, personally I like that is is a natural chemical which is known and safe. With any method you use you will need to followup and retreat as needed. If it kills the termites when used it has done it's job!
It really depends on every deal. FHA/VA Buyers MUST have their closing costs paid by the Seller. If you have a solid offer you can always negotiate with the seller to the terms that best fit your needs. We process hundreds of short sales and on many of them they actually pay the seller's closing costs for them.
In regards to what you were asking about "how much are closing costs approximately" that too can be answered on case by case situation. In most cases as I mentioned above in the short sale business the banks will typically cover up to 3% of the closing costs. Many time our buyers don't use that whole 3% but it depends greatly as well on what the purchase price is...
There are a lot of great deals out there and still many to come.
All the best in your searches and if you have any questions please don't hesitate to ask.
Jonathan Katz -- Absolute Consultant Group... more
My partner and I work with many different kinds of Buyers and together we've worked on many Short Sales. If you'd like to schedule some time to sit down and chat with us about what you expect and let us give you an idea of what to expect in this market, let me know. We're always happy to work with new Buyers!... more