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91354 : Real Estate Advice

  • All26
  • Local Info4
  • Home Buying18
  • Home Selling1
  • Market Conditions0

Activity 49
Tue Dec 21, 2010
Phil Rotondo answered:
This all sounds pretty good; but I don't know how you're going to get 3b 3b in 170 sq.
Do you have a questions we can try to answer??
0 votes 0 Answers Share Flag
Wed Mar 2, 2011
Dallas Texas answered:
No property can convey to a new owner UNLESS you have clear title. Terms of sale is private between seller / buyer not public

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
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0 votes 4 answers Share Flag
Sat Sep 7, 2013
Dp2 answered:
All one has to do to clear a lien is to pay it off, so it doesn't take much time at all to clear a tax lien.

If you didn't negotiate for the bank to cover those liens before you signed your P&S, then you're essentially on the hook for that $40K. Another option is to negotiate with the seller and government to get the liens removed from the property, and transferred to the seller (as unsecured notes). ... more
0 votes 8 answers Share Flag
Tue Jun 8, 2010
Emelia Sanchez answered:

Every plan is different VA does not allow some of the expenses to be paid by the borrower, but has a higher interest rate. FHA you need 3.5% down plus MIP gets factored in to the loan. I don't know what other product they offered you. Lenders must now disclose everything because of all the predatory lending in the past. Yes it is confusing but the best person to have clarified your concerns was the lender. If the lender was so unapproachable that you did not feel comfortable asking the WHY questions just find another one. ... more
0 votes 3 answers Share Flag
Fri Apr 3, 2015
Anna M Brocco answered:
It really depends on the property, location, condition, pricing, etc. A strong offer is always a good start based on recently sold similar properties in the immediate area.
0 votes 15 answers Share Flag
Mon Sep 10, 2012
Steven Ornellas answered:
Hi Paulapearle,

This is not a legal opinion:

As you state, all parties recognized the transaction to be a Short Sale; and therefore, subject to lender approval. The Lender is not a party to the purchase contract between Buyer and Seller and they do not have to accept the agreed-to contract terms between Buyer and Seller. So, no, you cannot force the sale.

Best, Steve
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0 votes 14 answers Share Flag
Thu May 17, 2012
Any agent will generally get paid a commission by/from the owner of whichever home you choose to rent. As the renter, you will customarily not pay any fee to your agent, who helps you find a rental, unless otherwise agreed to. Keep in mind finding rentals through an agent, will generally limit your choice of rentals to choose from. Most agents to not have access to ALL rentals. Which is a very different situation to an agent's access to homes for sale. You should, without an agents help, also check local property management companies for their rental inventory in Irvine, Irvine newspapers classified ads, and other online resources that offer rentals. There are quite a few rentals that don't get input into the MLS and handled by agents. Good luck. ... more
0 votes 3 answers Share Flag
Sun Apr 5, 2015
Scott Godzyk answered:
You start with a pre quailification which basically checks your credit score along with the income and expenses you state. Once it is submitted and verified along with employement, then you become pre-approved. Most pre-approvals get approved based on purchasing a property that is within teh amount approved for. However maybe half pre-quailificatiosn these days are not approved for a loan. Online approvals are near worthless, they need to come from a reputable company. Myt advice is to use a local and trusted mortgage broker or bank. i hope this helps ... more
0 votes 17 answers Share Flag
Sun May 1, 2016
Robin Silverberg answered:
It will depend on how much bigger your lot size is, and what adjustments the appraiser will make. Also, is the view a waterview? It depends also on how busy a through street you are on, and how they will adjust for that. If it is a major cut-through street, they could take off $20,000, but could add for the increased property size. Also, do they both have finished basements? Central Air? An appraiser doesn't only use 1 house, they use 4, plus 2 listings generally. The 4 comps are the most important, and it will be the average of those. If this is a concern to you, you might want to withdraw your offer. ... more
0 votes 19 answers Share Flag
Fri Aug 26, 2011
Thadeus Brewer answered:
You can get an easement map from your local title company. Or you can get the location of lines from the service provider.
0 votes 6 answers Share Flag
Sun Jul 4, 2010
Tean Wong answered:
Any one can buy or sell home on their own. But you are running a high risk. If you are buying or selling 10-20 homes a year in the same area, you may not need any Realtor at all. If you are a buyer, you have nothing to loose, you not paying Realtor commission, and they will give you every information you need to make the best decision on home buying. If I am a buyer, I will definitely call a Realtor or an agent. ... more
0 votes 26 answers Share Flag
Sat Jan 30, 2010
Ted Canto answered:
Totally depends on how the seller wants to proceed. They can cancel but it really doesn't make sense to do so. If the docs are signed it is a very good sign the deal is done.
0 votes 7 answers Share Flag
Thu Jun 4, 2015
Ted Canto answered:
It depends on any or a combo of the following:

-Does the property have any undisclosed issues?
-Does the buyer have any undisclosed issues?
-Does the seller have any undisclosed issues?
-Is the lender slow or bad in service?
-Is the lender direct or a broker?

These are just some of the variables, so in the end, no one really knows. It just depends.
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0 votes 5 answers Share Flag
Tue May 18, 2010
Inventory is already increasing, however not at a level that will satisfy your needs more than likely. I think inventory will start to increase measurably by March/April/May. There is also something called the "shadow inventory" of foreclosure homes. It's possible we may see some of that in 2010...possibly a lot...if so, that will increase your options. But the real answer to your question is - no one knows. It is really up to the banks, and how quickly, if at all, they foreclose on homes, thereby creating options for you to choose from as a home buyer.

Check out our blog for details on the SCV real estate market as a whole.

Good luck!
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0 votes 7 answers Share Flag
Wed Mar 25, 2015
Jimmyjim answered:
Check out - it has helped tons of homeowners in Santa Clarita who are in the same postion you're in!
0 votes 11 answers Share Flag
Wed Dec 2, 2009
Dot Chance answered:
Cassie, you will probably want to check with your broker to see how he/she wants you to word this.

0 votes 2 answers Share Flag
Wed Mar 25, 2015
Joe Nernberg answered:
I don't live in the Santa Clarita Valley, but I have family there and I inspect homes in Valencia, Canyon Country, Newhall, Saugus, etc.

I like the way residential and business areas are planned. It's not chopped up like parts of the San Fernando Valley. Seems clean and the people there take care of their homes. Nice place to raise a family. Very affordable.

The down side is commuting to Los Angeles. The 5 freeway is a bottle-neck several hours a day.
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0 votes 8 answers Share Flag
Mon Oct 31, 2011
Anthony Allen answered:
When doing a loan modification having legal representation is the only way for someone to get moved to the front of the line. Mortage companies are swamped and unless you have the backing of the law on your side more time than not they will ignore your request.

I have provided a link to my company. For a low monthly fee you can get this representation in support of your loan modification. As well as review of your notice of default. The mortgage company has lawyers working for them, you need the same.

Please contact me with questions
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0 votes 7 answers Share Flag
Sun Aug 2, 2009
Your have a few options, you can either be persistent with your loan modification and you just may get somewhere with that. Possibly hire an attorney to represent you with the loan modification? There are some that are experienced with such things. Watch out for those that require $ up front however. You could rent out your home, but you may have a monthly loss even after rent is paid. You can pursue a short sale, which is what many people are trying.

The best thing to do is seek professional legal/financial advice and make your decision on what to do after seeking out such advice.

Now that the bank has filed a notice of default, they will likely send you another notice in 3 more months called a notice of trustee sale (month 6 of being behind in payments). You will have about 3 weeks from the date on that notice, until the bank takes back your home via foreclosure at the Trustee Sale. Often times, they postpone the Trustee Sale in order to attempt, though the attempt may be weak, to modify your loan prior to foreclosing. Basically they may get a bit more serious when the time is running down and out.

If you wish to pursue a short sale, give us a call. You can find all of our contact info vat our website - linked below.

Take care!

The Robert & Brian Team @ Realty Executives Valencia
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0 votes 4 answers Share Flag
Mon Jul 6, 2009
Dot Chance answered:
Smrocco, you may want to post an ad on that you are looking for a handicap accessible rental. Also, you need to look at the Americans With Disabilities Act, I'm not positive but I THINK a landlord is required to let you make the necessary changes.

Please contact me by email. I will check with a disabled friend of mine and ask him what his successes have been when looking for rental properties. I assume you are looking for wheelchair accessible with ramps, rails in the bathrooms, etc?

I can't make any promises but I will at least try to get info for you!
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