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91376 : Real Estate Advice

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Activity 32
Tue Nov 16, 2010
Gerard Dunn answered:
If you have a lease with your landlord that is valid and in place - you are still required to pay rent.

You can plead your case in landlord tenant court - and let the judge make the determination as to what you must do. You may consider (Upon legal consul advice) to hold your rent due in escrow until a judge determines the best practice.

Let us know what the judge says!
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Mon Oct 5, 2009
Emily Knell answered:
It's about 1.1% of the purchase price. If you have a specific neighborhood in mind, there may also be a Mello Roos assessment billed separately from property tax, however also included within your property tax bill.

With a townhome there will also be a homeowners association fee.

emilyknell1@yahoo.com
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Sun Jul 17, 2011
Barry Shapiro answered:
A Special Assessment Bond is a special type of municipal bond used to fund a development project. Interest owed to lenders is paid by taxes levied on the community benefiting from the particular bond-funded project. For example, if a bond of this sort was issued to pay for sidewalks to be re-paved in a certain community, an additional tax would be levied on homeowners in the area benefiting from this project. Area homeowners get nicer walking paths, and they will probably see the value of their property increase accordingly, but this comes at a price. Their property taxes will increase to pay the interest owed to the bondholders by the municipality. It's similar to a Mello-Roos tax. Here is an EXAMPLE for one in Agoura Hills: http://www.fmsbonds.com/pdfs/00848qax6.pdf I hope this helps! ... more
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Wed Dec 16, 2009
Joe Nernberg answered:
I know know of any - personally. However, Agoura Hills is a great place to raise kids. I can't think of a better place to live. BTW, my son is on the Agoura High football team. We are slow growth here - no large malls, department stores and Home Depot. Every walk of life is represented... and welcome. ... more
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Tue Aug 25, 2009
Richelle Briasco answered:
My first question to you would be do you have an accepted offer? Did the owner of the property accept your offer? Did the negotiator for the bank/the bank accept the offer? If the owner accepted the offer, but the bank did not, there is no legal and binding contract. You may move on. If your Real Estate agent was working to protect your best interests, there would be a "Short Sale Addendum." Through negotiation, the deposit should not have entered into escrow until there was an accepted offer from the bank. If these are the conditions, you may move on. If you do not have an experienced Short Sale negotiator working for you, you may still move on under certain conditions. You will need to read the purchase contract and address the conditions of the sale. Are there appraisal contingencies, loan contingencies, inspection contingencies? Feel free to post more details so that you can get better advice. If you would like to get more information please feel free to call or email me with no obligations. Have a positively wonderful day.

Richelle Briasco
RE/MAX Estates
richellebriasco@yahoo.com
818-923-8921
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0 votes 2 answers Share Flag
Wed Sep 11, 2013
Violette Beshay answered:
Shredder,

How did you make the offer on the property? Did an agent represent you? If so, they can find out the status of the offer that was made. Short sales take a long time to be processed. You may not find out the status of your offer for up to 45-60 days. An offer is submitted to the listing agent who in turn submits it to the loss mitigation person he is working with. Then an BPO and appraisal is ordered ... there may be a counter or it may be rejected if it is a low ball offer. If it is an accepted offer, the listing agent finds out and will inform the buyers agent...who in turn informs the buyer, in this case you.

If you have any other questions, email me at:
vbeshay@pvexecs.com
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0 votes 6 answers Share Flag
Sun May 31, 2009
Bill Eckler answered:
We find the typical home buyer has a very poor understanding of the home inspection process. Our feeling is that inspectors would benefit from having a brochure or information card the provides a brief explanation of the inspection process, the areas it covers, what it doesn't cover and an explanation of the fee structure.

We encourage our customers to be present for the inspection but to not get in the way of the inspector as he/she does their job. This provides the buyer with a feeling of comfort, seeing the process....on the roof, in the attic, in the cellar, etc.
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Thu Sep 24, 2009
Matthew Bartlett answered:
Hi Kelly,

Drivetime, you are looking at approx. 2 - 2 1/2 hours one way from Aguora Hills to Downtown LA. You might find some of the smaller suburbs like Monrovia or Glendora that are 30 minutes from Downtown LA a better fit. This will give you more home at a better value and your drivetime to the beach will only be approx. 1 hr. If you have any further questions please let me know. Have a great day!

Matt
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Mon Mar 2, 2009
BOB Khalsa answered:
Not to disillusion you but here is my experience with Countrywide. An offer for a short sale was written on August 12, 2008, accepted by the Seller, and after a lot of hassles ,has just been approved by Countrywide. We open escrow today. Not every case should be like this, but its better to be prepared.

Bob Khalsa
Broker Owner
United America Realty
bobfoxbat@gmail.com
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0 votes 9 answers Share Flag
Tue Feb 10, 2009
Keith Sorem answered:
Real estate inspections are a great tool.
Some buyers prefer to do their own...won't use one conducted by the seller.
Conflict of interest.
0 votes 9 answers Share Flag
Wed Jan 19, 2011
Richelle Briasco answered:
If you mean that you are interested in buying homes that are being sold for the the past taxes due. Each state and then some counties have different rules. California, you can go to the County Tax Assessors website and they will list the procedure and location of auctions in their county. In Texas, the procedure is much easier. They sell properties much more quickly than California. Check the County Tax Assessor website or call them to find out what the procedure is for that specific county. Best of luck, be persistent. ... more
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Thu Apr 14, 2011
Maggie, your REALTOR® answered:
Dear Sabine,

I am looking it up through the tax records and will get back to you with confirmation of what it sold for.

At first glance, it may have been an REO (Bank Owned Property) that was sold after foreclosure. I will get back to you with confirmation of the sales price.

Maggie :)
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