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93635 : Real Estate Advice

  • All19
  • Local Info6
  • Home Buying8
  • Home Selling0
  • Market Conditions0

Activity 30
Fri Jan 3, 2014
Alex Bubar-gomes answered:
If you are a family looking to buy, I would stay closer to the Verona and College Greens neighborhoods. The East side of town.
0 votes 4 answers Share Flag
Sun Sep 14, 2014
answered:
We will not go below 620 on an FHA loan.
Maximum debt-to-Income ratio 31/43 (up to 45 % multiple compensating factors)
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0 votes 2 answers Share Flag
Tue Oct 1, 2013
Maria Pina answered:
Very good. As a matter of fact I just talked to an investor recently that put an ad on Craigslist and received over 100 responses. Needles to say he quickly found and well qualified tenant. ... more
0 votes 1 answer Share Flag
Tue Jan 15, 2013
Sonia George asked:
We are seeing more and more people out bid us with cash offers - even though we bid higher (we have a pre approved loan. according to our realtor, cash bids are up to the asking price...
0 votes 0 Answers Share Flag
Sun Sep 14, 2014
Suzanne MacDowell answered:
Not normally, no. Generally the mortgage company is going to want the name of the person borrowing the money to be on the title to the house. It's really the only way they can hold that person responsible if the mortgage does not get paid. ... more
0 votes 9 answers Share Flag
Sat Aug 11, 2012
Suzanne MacDowell answered:
The FHA requires 3.5% down payment to purchase a home. So, $15,000 would be sufficient, however, you still have to qualify for the mortgage. You would be well advised to talk to a local mortgage lender, a smaller institution that specializes in writing mortgages. They are going to look at your income, the amount of debt you currently carry, your work history and, yes, your credit history. Once that is done, they will be able to tell you exactly what you qualify for as far as a mortgage. And, even if you don't qualify for a mortgage today, they will be able to tell you exactly what steps you need to take, what improvements you need to make in your situation, in order to get one and even how long that process should take if you follow their advice. ... more
0 votes 2 answers Share Flag
Fri Aug 10, 2012
Lillian G Passadori answered:
Thu Sep 27, 2012
Greg Wulff answered:
I have been following this home since May this year and there are no photos of the interior. Does that not tell you something? What are they trying to hide? Homes in this neighborhood are listed for much more. A local property management company showed me a rental home a few blocks from here on Merlot and it was probably in much better condition than this home. Just saying. ... more
0 votes 1 answer Share Flag
Sun Sep 14, 2014
Bonny Howell answered:
Yes there is a Wells Fargo bank here, Merced is about 45 minutes away and has a mall as well as lots of shopping as does Turlock and Medesto. Also about 45-60 minutes away. The is a community hospital in Los Banos. ... more
0 votes 3 answers Share Flag
Sat Jan 14, 2012
Don Tepper answered:
The other offer fell through. The listing agent knew that you were interested and when the other party backed out (or couldn't get financing, or whatever the problem was), the listing agent called you to find out if you were still interested.

Hope that helps.
... more
0 votes 6 answers Share Flag
Sun Sep 14, 2014
Jeanne (Genie) Barfield answered:
Dear Brenda,
$10,000 is not very much if you need to use it for the down payment and the closing costs, but with the right loan and (because it is a buyer's market) the seller contributing the maximum amount allowed (vary with different type of loan) toward your settlement expenses, you more unlikely can do it. A portion your money can be used for your "reserve". You need to find a loan officer with a reputable Mortgage Company (do the face to face instead of the on line deal), get your pre approval letter and start looking at properties.
I did a quick search, and this link is just FYI, I hope it gives you an idea of what you can get.
http://www.ziprealty.com/homes-for-sale/search-results/sacramento/detailed

Good luck to you.
... more
0 votes 12 answers Share Flag
Sun May 22, 2011
Shayna Orr answered:
It's really hard to say when they list it. I can keep an eye out for it on the MLS and alert you right away when I see it.
0 votes 3 answers Share Flag
Tue Nov 9, 2010
Thaddeus Kuznicki answered:
I'm only aware of one..... 93635.
0 votes 0 Answers Share Flag
Tue Nov 9, 2010
Amy Nguyen asked:
0 votes 0 Answers Share Flag
Fri Apr 1, 2011
Jose Salazar answered:
The south side in Los Banos is everything south of Pacheco Blvd (HW 152).
0 votes 1 answer Share Flag
Tue Aug 31, 2010
Endre Barath answered:
Car66will, I suggest you go to an Escrow Office and ask them to referr you to a Title Officer and they can pull up the information you are looking for. If you do not get help contact me directly and I will referr you to a Title Representative in your area. ... more
0 votes 2 answers Share Flag
Tue Aug 10, 2010
Don Tepper answered:
Here's a link to a blog I wrote on how to find lease-options/rent-to-own properties: http://www.trulia.com/blog/don_tepper/2010/03/how_you_can_find_and_buy_a_lease-option_rent-to-own_property

Hope that helps.
... more
0 votes 1 answer Share Flag
Fri Apr 1, 2011
Mark Overholtzer answered:
Hi Flakka
"Resale" just means that the home is not a new house. Somebody has already purchased the home, lived in it and is now selling it.
0 votes 2 answers Share Flag
Mon Aug 10, 2009
Leo answered:
you can check the rent prices in craigslist in merced county and you will see the list of houses for rent
0 votes 0 Answers Share Flag
Mon Jun 22, 2009
Matthew Bartlett answered:
Hi Kimnhen,

In my opinion I do not see any bank that will be willing to finance this project. Even thou your parents may be willing to take out the loan, the bank will want to know what the money will be used for. Since your parents are not on title and this money would be used for another property this will be a problem. My question for you is why do you think your credit score is not good enough? Have you tried to secure the financing already? If by chance the problem is your Loan To Value ratio or Debt To Income ratio is out of whack then I would wait to install the pool. Wait for the market to rebound some more which will create some equity for you and or pay down some more of your debt. Either way this will improve your credit scores. At that point you will be in a much better position to qualify yourself for the financing and be more comfortable in the process. If I may answer any further questions please let me know. Good luck!

Matt
... more
0 votes 1 answer Share Flag
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