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Home Buying in 92869 : Real Estate Advice

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  • Home Buying8
  • Home Selling4
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Activity 38
Thu Sep 22, 2011
Jane Grant answered:
The time is now as prices in California are going up. California has always been popular and now that everyone knows there are many foreclosures and that a buyer can buy a home here for half of what they would have spent only a few years ago, we have much competition for the available foreclosures.

The San Diego Area sounds like it would be perfect for you. Easily rented at certain times of the year and also a great college town and also a great place to retire.
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Thu Sep 22, 2011
Mahesh Patel answered:
The big question is does the Seller have financial or medical hardships,are they behind on payments. It sounds like if they are willing to buy a house, they may not be in a financial hardship. May be tough to do a short sale, when there are other clients they banks have that have trully hardships and distress situations....but then.... ... more
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Fri Oct 23, 2009
Grace Hanamoto answered:
Hello Sheeba:

To get more information about REO properties currently for sale in your area, contact your local Realtor for assistance. We will gladly provide this information to you for free.

While I am located in Northern Californnia, I do see from the public records (in this case, recorded Notice of Trustee Sale or "NTS" with the County) that there are two homes on E. Indian Hills Road scheduled for Trustee Sale at 700 Civic Center in Santa Ana, CA. The first one at 8702 E. Indian Hills B, which will be sold on 11/2/09 and has an opening bid of $375,777. The second home is located at 8718 E. Indian Hills Road E and is scheduled for sale on 10/22/09 with an opening bid of $260,763. For more information about these two homes and the status of their Trustee Sale, speak directly with the County Recorder.

Good luck!

Sincerely,
Grace Morioka, SRES, e-Pro
Area Pro Realty
San Jose, CA
Sincerely,
Grace Morioka, SRES, e-Pro
Area Pro Realty
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0 votes 4 answers Share Flag
Fri Mar 28, 2014
Maryann Hardwick answered:
Its a short sale and they do currently have an offer, waiting for bank approval.
0 votes 7 answers Share Flag
Sun Jan 22, 2012
Dallas Texas answered:
State YOUR SON made decision work with another realtor, since you son is over age of 21 he makes his own decision TRUST me if we had any buyer qualified with $$$$$$ they would be closed living in their home months ago. Agent does not care ... more
0 votes 17 answers Share Flag
Thu Sep 22, 2011
Cheryl R. Supplee answered:
She can back out since their was an offer contingent on her obtaining a mortgage. If she can no longer obtain a mortgage, she should notify the seller immediately via her agent. This seller may have another home to buy that they will no longer be able to buy. This will not affect their ability to buy in the future, they will just need to base the mortgage off the person who is working. Hope that helps. ... more
0 votes 7 answers Share Flag
Thu Sep 22, 2011
Ellen Bosworth answered:
Hi Sam,
I am assuming you are not obtaining the loan with Washington Mutual, but that they are the owners of the property you are interested in. If the bank taht holds the property failed, you would still be in escrow but it would take a lot of time and patience on your part to see it close. Asset managers have so much property on their desks that they are trying to sell off, and if someone else took over the particular property you were working on, it could definitely cause a delay in processing and closing on time. Best Wishes, there are great deals out there, but patience is the key! ... more
0 votes 3 answers Share Flag
Sat Oct 8, 2016
Linsey Planeta answered:
In the past several years, and probably still, it is difficult to find a home that you can simply take over payments. The homeowner must have an assumable loan and most of them are not assumable. If you take over a loan that is not assumable, and the banks get wind of it, the can 'accelerate' the loan (call it all due and payable).

Why are you looking to simply assume payments?
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0 votes 19 answers Share Flag
Thu Sep 22, 2011
CJ Brasiel answered:
Selina -

Generally speaking it is best to have any contract completed with signature and date. Have your agent get the date on the document. Item 5 on the counter offer is an acceptance signature. Your acknowledgment of receipt confirms the contract and starts the contract clock.

CJ
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0 votes 5 answers Share Flag
Thu Sep 22, 2011
Joe Homs answered:
Selina,

The appraiser is an independent third party to assist the bank in evaluating the "fair market value" since they are loaning the money. The appraiser is also there to protect you. If the first appraisal is headed to a bank review, then the bank is not confident with what they were supplied. If you are worried about this, I would suggest hiring another appraiser, that the bank agrees to, and do it all over again. Agent's do suggest comps in the area, but the appraiser has the ability to access those as well.
If you have any further questions or concerns contact me.

Joe Homs
Realty Partners
949-625-4533
joe@joehoms.com
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0 votes 8 answers Share Flag
Thu Sep 22, 2011
Sylvia Barry, MAS,CIPS,SRES answered:
Question is, have you removed the loan contingency yet?

If not, then without knowing all the details in your contract, I'd say yes, you 'should' be able to get your earnests money back. But read the contract carefully and have your agent explain that to you.

Sylvia
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0 votes 9 answers Share Flag
Fri Oct 7, 2011
sandytd answered:
Absolutely first, get pre-approved for a loan! that way you will know what you can afford and you will look at homes you can afford.
Second, run your credit report and clear up any discrepancies now. You need a FICO as high as possible.
Third, contact an agent in the area where you think might want to buy and start doing a daily search of propreties which meet you needs so you will knowledgeable about what you can purchase.
Fourth, start going to Open Houses to meet agents and choose the person you would like to work with as well as to see what the homes in your price range look like.
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0 votes 10 answers Share Flag
Wed Jul 2, 2008
Jeremy Lehman answered:
There can be several reasons for this depending on the listing, but in general, there are a lot of unapproved short sales listed at very low prices so the agent will have many offers to present to the bank. Be careful about these listings and make sure you are working with an agent who knows what they are doing.

How much do you want to spend on a home in Orange?

Jeremy Lehman
www.LehmanHomes.net
(714)580-3274
Jeremy@LehmanHomes.net
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0 votes 4 answers Share Flag
Tue Jul 1, 2008
sandytd answered:
Personally, I prefer Placentia. In general, I would think Placentia would be a better place to live and has some very good schools. My husband lived there a numbe of years ago and liked it very much. ... more
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Sat Jun 7, 2008
Michael Barron answered:
Hi there Anurag, They sure do if they have conducted their due diligence and they are have a professional assisting them. I would sugest you go to one or two to get afeel fro how it works and know the rules before actually bidding

Kind Regards
Michael Barron
First Team Real Estate
(714) 552-6817
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0 votes 7 answers Share Flag
Thu Jun 5, 2008
Michael Barron answered:
Hi there, Anurag, What would you like to know about it.. Can you be more specific
Kind Regards
Michael Barron
First Team Real Estate
(714) 552-6817
0 votes 3 answers Share Flag
Thu Jun 5, 2008
Tom Mccarty answered:
You ask the same type question for a long time now. Get a good agent, it appears you really need one or have a need to blog here. Houston, El Tract... it is obvious you are looking for a deal and a great location. Not happening in the area if your other concerns are schools and crime. All of that is part of the price.
Honest, get an agent. It costs you nothing and I can tell you need one. Get a pro....
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Sun Nov 30, 2008
Maryann Hardwick answered:
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