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Financing in Antioch : Real Estate Advice

  • All247
  • Local Info22
  • Home Buying95
  • Home Selling6
  • Market Conditions9

Activity 7
Tue Nov 18, 2014
Rudi Hofmann answered:
I suggest you contact U.S. Bank & Wells Fargo.

Happy funding, Rudi
0 votes 2 answers Share Flag
Tue Mar 16, 2010
Lori Lewis answered:
Simply - Chapter 7 you wash away all debt - chapter 13 you pay back over time :)
0 votes 13 answers Share Flag
Sun Oct 4, 2009
Andrew Distad answered:
If you find someone who is discounting their home, ask them what they were originally selling it for, and tell them you'll give them their asking price without discounting the home (or at least not that much) but only on the condition that they will seller finance.

If they object Ask why. When they tell you why...

If they say: "But we don't own it free and clear" -That doesn't matter. They can create an All Inclusive Trust Deed (A.I.T.D.) or what is also known as a "wrap". It's like a circle within a circle. And if they say "but there is a due on sale clause" then they can deed the property into a trust named the same as their last name then their trust can sell you the property and the bank would have a hard time having the legal grounds to call the loan. The banks have bigger fish to fry- if it isn't broken why fix it right? I would have a hard time believing that they would call a loan that's fine when they have so many foreclosures going on.

And if they say: "But we want cash, we don't want to wait for our money"

That's where I come in: I am an investor that buys these kind of loans.

And I show property sellers how to sell their house faster by discounting their well created promissory note instead of discounting the property.

If they have any questions they can call me 9-5 m-f PST
Regards,
Andrew Distad
(760)-296-1573
... more
0 votes 2 answers Share Flag
Mon Aug 3, 2009
Johnny Huang, MBA answered:
Why would he have a hard time? All he had to do was ask the listing agent (or email) to see if the sellers would consider VA offers, which I've done in the past. Some agents will respond, some will not. Most will say send in the offer accordingly and always submit the highest and best offer.

Also, there's certain guidelines that VA must abide (Min Property Requirements) and the agent needs to be aware of these items.

call me if you want more details.
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0 votes 3 answers Share Flag
Wed Jul 22, 2009
Chuck Baham answered:
More than likely Yes, depending on the type of loan you get. Paint and cosmetic things like that are normal in todays REO market. FHA and VA loans could be problems with some loans. Most conventional loans will lend on pretty much everything. Hope this helps!!
If I can be of more assistance please contact me.

chuckb.rwdc@gmail.com

Have a Great Evening!!!
... more
0 votes 4 answers Share Flag
Thu Sep 22, 2011
Kamal Randhawa answered:
For sure! Also, quite often, your interest rate will be higher on the investment property purchase. Make sure you are very truthfull with ALL parties, if not, you may be jeopardizing both loans.

Kamal Randhawa
Broker
510-932-1066
... more
0 votes 3 answers Share Flag
Sat Dec 6, 2008
Dallas Texas answered:
Most banks are not in the business do rent to own where they finance the property. Your buyers agent should be able to assist you, however most banks need to sale the property.
0 votes 2 answers Share Flag
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