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Home Selling in 91362 : Real Estate Advice

  • All40
  • Local Info2
  • Home Buying22
  • Home Selling2
  • Market Conditions1

Activity 6
Mon Apr 25, 2016
Jana Riley answered:
You really need to speak to a credit specialist and/or mortgage broker to see how a short sale will affect your credit versus a bankruptcy. Both can keep you from obtaining financing for several years. Also, you would have to contact your mortgage company to see if they would cooperate with a short sale, some do not. ... more
0 votes 8 answers Share Flag
Fri Oct 18, 2013
I do not think it is being required. (Section 1 should be sufficient)
0 votes 13 answers Share Flag
Sun Mar 20, 2011
Phil Rotondo answered:
You can obtain a market analysis of you home from a local Realtor. This market analysis will be based on recent sales in your neighborhood. In most if not all cases, the analysis is free for the asking; but you may want to also consider hiring a local certified appraiser at a fee. ... more
0 votes 12 answers Share Flag
Sat Mar 20, 2010
Barry Shapiro answered:
Hello SGold,
I would be very careful to ask an attorney and tax professional for advice, since it appears you have refinanced your home to pull out equity. Purchase money is non-recourse in California. You will receive a 1099-C (Cancellation of Debt) from your 1st and other lien holders. The IRS will require you to pay taxes on that :income" -- unless you can offset it with an insolvency declaration. I have someone I work with that can advise you along those lines. There is no real "advantage" to your daughter and her finace to buyng your specific home -- they can buy whatever they qualify for. It would be lender fraud if you mis-represented the sale and did not disclose the relationship to the lenders. Please do the research and look into a loan modification as well. Good luck in your decision. ... more
0 votes 7 answers Share Flag
Wed Nov 17, 2010
Brad Davidson answered:
Send me your address and I'll be happy to do a comparative market analysis for you. We can talk about what your house has to offer and adjust the price to the comparable sales. I can also let you know about some lower cost alternatives to a standard 6% listing.

Brad Davidson
... more
0 votes 9 answers Share Flag
Wed Dec 3, 2008
David Chamberlain answered:
I wouldn't have a problem with that. I would change it in the MLS to refect that for a couple of weeks.
0 votes 6 answers Share Flag
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