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Aliso Viejo : Real Estate Advice

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  • Local Info5
  • Home Buying31
  • Home Selling6
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Activity 45
Wed Jan 23, 2013
Keith Watts answered:
Thu Apr 28, 2016
Meredith Drews answered:
It is really best for you to pose your question to your tax advisor. It's outside the scope of expertise for a Realtor to answer.

Best of luck.
-Meredith
0 votes 6 answers Share Flag
Tue Apr 22, 2014
Connie Bramble answered:
Hi Hilig,
If you are looking at homes on Trulia there is usually a map spot on the page where you can see how close they are. Just pan out until you see the lake.
If you are looking at an mls print you can usually double click on the address and it will take you to the map of the property.
Give it a try,
Connie Bramble
Prudential CA Realty
714-337-8718
... more
0 votes 3 answers Share Flag
Sat Mar 1, 2014
Rob & Janet The Blackstone Team answered:
Yes 20% is the amount to avoid PMI, but there maybe exceptions based on credit and debt to income ratio. Feel free to contact our loan broker Sheila (949) 922-9244.
0 votes 14 answers Share Flag
Thu Aug 15, 2013
Debbie Brown answered:
Hello Basem,

I am a local realtor and I live in the area you are looking at. There are a lot of variables to take into account in order to make your plan happen. Call me and I would like to cover these variables and make a plan that will help you accomplish your goals.

Debbie Brown
Orange County Real Estate Group
888-863-7480
... more
0 votes 5 answers Share Flag
Thu Oct 20, 2011
Camille asked:
Right now, I live in a townhome under Section 8 in Laguna Hills. But it is not in the best neighborhood. I saw some nicer homes around my area that fit my criteria of what Im looking fo...
0 votes 0 Answers Share Flag
Fri Jan 27, 2012
Elias Anguiano answered:
Your seller's credit can be used for down payment but yet can get most of the down payment gifted from a relative..You have to use ant $1000 of your own money on a FHA..
0 votes 21 answers Share Flag
Thu Apr 12, 2012
Ingrid Ski Realtor answered:
Hello Irvine Renter,

I do specialize in rentals/leases. Yes I can help you. Contact me via email or call, so I can send the information over to you and maybe ask you a couple of questions.. I do not return to this trulia thread.

Thank you
Ingrid Ski Realtor
949-874-0432
IngridSki2@yahoo.com
www.IngridSki.com
... more
0 votes 7 answers Share Flag
Tue Jan 22, 2013
Raquel Unger answered:
It is possible to find a townhome ..however a single family detached home would be a major challenge. Foreclosures are great to buy...some need work and other properties are move in ready. The price point that is mentioned above...a home that does not need work might be more suitable at this time.

Please visit my web site and set yourself on a search for the property you are interested in previewing.
... more
0 votes 14 answers Share Flag
Tue Aug 30, 2011
ryan hoffman answered:
Hello Helen,
The fact that a property is a shortsale doesn't affect the down payment. A shortsale means that the owner of the property is selling it for less than what he owes, meaning that he will have to ask the bank for permission. The downside to this is that in some cases it takes a very very very long time for the bank to approve the sale. The upside is that you can sometimes have less competition because it takes a lot of patience to wait for an approval.

A foreclosure property is either an REO or a foreclosure auction property.
REO- (Real Estate Owned) because it was foreclosed by the bank and it is now for sale by the bank.
An auction property is when it has been foreclosed and the banks sell the properties at auction at the courthouse steps. The problem with this is that you need to compete with other real estate investors who will out bid you because they think you are an outsider wanting to weasel your way in. You will also need to be present at the auction with the entire purchase amount in cashier’s checks, so there is no way to get a loan.

Your best bet is to get pre-approved with a good lender (like Myself) and find out what you can afford and work with a great realtor who can show you the properties that work best for you and you won't have to hunt yourself. The best part about a home buyers real estate agent is that they work for you, but get paid by the seller :-)

If you would like to get qualified and find out what options you have give me a call and it only takes a couple minutes over the phone!

Ryan Hoffman
Loan Officer
Wholesale Capital Corp.
Direct: 951-488-3114
Fax: 951-488-3214
Cell: 951-312-8650
Email: RHoffman@wccloans.com
... more
0 votes 3 answers Share Flag
Wed Aug 24, 2011
Heather Wright answered:
Hello Justkat
Short sales can take a while. From my experience once the bank has approved the offer then they close like a normal sale. The longest part is the time between submitting the offer to the bank and approval. I have been sitting on 2 that have been in the banks hands for a little over a month with no word. The banks (once an offer has been received) will order BPOs (broker price opinions) and their is often multiple, and an appraisal. From those they will come to a price and from that price they have to net a certain % after all costs have been paid. The file will often switch hands too from a employee of the banks short sale department to approve the short sale and then to the negotiator. Its confusing and changes from bank to bank. I hope I somewhat answered your question.
Heather
... more
0 votes 2 answers Share Flag
Fri Aug 19, 2011
Meredith Drews answered:
Over the next several weeks and even months, I expect it do the pretty much what it has been doing. It will continue to be a tough market with homes that are priced well and well kept selling at much faster rates than those that are not. Short sales will continue to be a challenge. Standard sales will continue to be rare and REOs will still be around.

It seems it's the new "norm".

Best of luck to you.

-Meredith
... more
0 votes 8 answers Share Flag
Thu Apr 12, 2012
Michael Emerson answered:
YES!!! At this time there are 38 homes (condos and single family) detached homes in Aliso Viejo for under $500,000. Depending on your requirements there are probably a few good choices that would meet your needs. Let me know what your requirements are and we can fine tune the search and let you see some good matches. Contact me at 949-295-6224 or MichaelEmerson@cox.net. ... more
0 votes 15 answers Share Flag
Tue May 3, 2011
Thom Colby answered:
Keep hounding your agent and ask him to call the Listing Agent and his / her Broker. It is very difficult to get your money back in an REO. Since it's been 2 weeks, and you're getting nowhere, start escalating. Ask for the Asset Manager's contact info. You might not get it, but find otu who the Asset Management company is and come back here - maybe some of us can help you get in contact with the right people.
If all else fails, contact the OC District Attorney. Just this week, he started polling Realtor Associations looking for this sort of activity.

Best of luck,
Thom Colby
Broker
Newport Beach CA
... more
0 votes 9 answers Share Flag
Thu Jan 16, 2014
Vicki Lloyd answered:
There are a lot of condo associations in OC that are losing their FHA approvals on December 7th. In Aliso Viejo, there were over 40, last time I checked. This will really impact the number of buyers who will be able to buy them. Without the FHA loans, buyers will have to put down larger down payments.

Normally, a lot of new listings come on the market after the holidays, so combining that with the loss of lending programs, will cause the inventory to build and probably cause the prices to drop some more.

Check the approval status of any condo association at the HUD website:
https://entp.hud.gov/idapp/html/condlook.cfm
... more
0 votes 6 answers Share Flag
Thu Feb 17, 2011
Stacy Nelson answered:
It's hard to say what will happen with the prices, but interest rates are going up which means your buying power will go down. If you wait 6 months and the home you like goes down $20,000 in price, but the interest rate goes up 3/4%, then your payment would be more than if you bought the home at a higher price, but a lower interest rate. Call or email me with any other questions you might have. 949-306-4647

stacynelson@firstteam.com
... more
0 votes 1 answer Share Flag
Wed Dec 15, 2010
Corina Conners answered:
Condo is legal description and towhouse is an architecural term.
0 votes 6 answers Share Flag
Thu Feb 17, 2011
Larry Bammer answered:
Barbara, you can search through my website that accessing the Multiple Listing at www.SouthOCHomeInfo.listingbook.com.

It is possible in an older part of Aliso Viejo you can get a single level but the complex are attached condos. As far as single family homes in that price point, you will not be able to find something in a safe neighborhood. Both myself and my parter have over 25 years in local law enforcement with 10 years in real estate.

If I can help please give us a call 949-547-2255.

Sincerely,
Larry Bammer
... more
0 votes 5 answers Share Flag
Fri Jan 17, 2014
Scott Godzyk answered:
Diana rental requirement differ between landlords, individual owners renting their own property may not have a strict of a credit requirement as a large complex, but some complexes if the have a high vacancy rate, may lower their guidelines. The best thing you can do is tou have some great references and a letter of explanation and go find a great property to rent with those in hand. Some people will look at it as a postive if you have been a year out of bankruptcy as you should have limited debt. ... more
0 votes 14 answers Share Flag
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