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Canyon Country : Real Estate Advice

  • All69
  • Local Info7
  • Home Buying22
  • Home Selling4
  • Market Conditions1

Activity 40
Thu Apr 11, 2013
Laura Coffey answered:
It is not set to accommodate that. Sometimes it's within the HOA, especially if it shows a large amount.
0 votes 2 answers Share Flag
Thu Apr 25, 2013
John Arendsen answered:
I'm assuming this is in a resident owned MH community or on a private lot/parcel. First, much like a site built home on real property you can't base the value of the home on the assessed value. It must be based on the "Market Value"

I suggest you get a CMA from a reliable RE professional and proceed from there. Realize that we have slipped from a buyers market to a seller's market thereby creating a challenging inventory scenarilo. The next target will be MH's in resident owned developments.
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Sat Mar 16, 2013
Michael Abram answered:
Hello Susan,

Look no further! I have a lender that will go 5% down with no PMI on the loan. Feel free to give me a call or email to discuss.

Have a great day!

Michael Abram
RPM | Los Angeles
Direct: (310) 574-7766
Cell: (310) 995-0975
... more
0 votes 11 answers Share Flag
Sun Mar 3, 2013
Michael Kulka answered:
The Canyon Country area of Santa Clarita does not have a lot of Mello Roos (also called CFD which is short for Community Facilities District but basically the same thing) except in some of the newer construction areas. And it varies based on age of the covered home as well as its square footage. The best option is to have a real estate professional check the records specific to an individual home of interest. ... more
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Fri Dec 28, 2012
Penny Davis answered:
We have a property management company that will take care of everything from screening to collecting rent money each month.
I can also send it to over 700 Realty Executives agents that you have a house to rent.

Penny Davis
Realty Executives
26650 The Old Road, Third floor
Valencia, CA 91381
661-964-1600 X 6634 office
661-406-2730 cell
fax# 888-391-5988

Lic. #01313429
... more
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Sat Mar 2, 2013
Jacquie Palmatier answered:
Hello. The area of the listing in the Cordova Estates, unit #155 is a very safe area. I have done the research . If you are thinking of purchasing a townhouse or property in any area, I would suggest you check with the local Sherriff's station re: crime statistics, etc. Also, check with the listing agent regarding the security of the complex in which the townhouse is located: some are gated and some have 24 hour security guards. If you were to use me as your agent, I would do this for you; i am known to go above and beyond the call of duty and have many client testimonials available.
Let me know if I can help you further.
Jacquie Palmatier
Realty World legends,
27413 Tourney Rd., #150,
Valencia, Ca., 91355
Dre. Lic# 01363084
DIRECT: 661-251-1550
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0 votes 3 answers Share Flag
Mon Apr 25, 2016
Ron Thomas answered:
That would be a SHORTSALE which you have heard so much about:
Assuming that the house is not presently for sale; one approach would be to enlist the help of a Realtor, who would then then talk to the Homeowner about LISTING it, contacting his Lender about selling it, and you making an Offer on it.
The Bank would have the final say in the matter, so you would have go through certain steps to be able to buy the house.

Good luck and may God bless
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0 votes 7 answers Share Flag
Fri Apr 29, 2016
Anna M Brocco answered:
When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
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Fri Jun 8, 2012
Steven Ornellas answered:

As far as 2012, here's the monthly stats in days:

Jan: 405
Feb: 469
Mar: 181
Apr: 403

0 votes 6 answers Share Flag
Fri May 25, 2012
Ron Thomas answered:
Property Taxes cover property taxes and maybe schools; sometimes there is an add-on to the tax for a special school bond.
The SERVICE for Water/Trash/Sewer is a separate bill. Gas is a spearate bill.

Good luck and may God bless
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0 votes 3 answers Share Flag
Wed Dec 12, 2012
Don Tepper answered:
Lots of things. Among them:

In many jurisdictions, they're treated as personal property, not real estate. Sometimes, the titling is done through the state's department of motor vehicles.

Manufactured homes generally depreciate, again similar to vehicles. Not as fast, but they do typically depreciate.

Often (in parks) you might be buying the home, but you're renting the land it's on. That's typically called ground rent or a land lease. And that sometimes can be a larger monthly expense than purchasing the home itself. (Example: I sold a manufactured home a few years ago, providing owner financing. The owner monthly pays $210 on the mortgage and about $850 for the land lease.)

Newer manufactured homes (I forget the year of manufacture) had to meet fairly strict construction codes. Older ones had looser requirements.

If you're buying in a park, the management firm may have fairly strict requirements about who can purchase. That may involve both a credit and a background check.

It can be difficult obtaining bank or conventional financing, unless the home is new. Many sales are accomplished with owner financing. Either that, or they're cash sales.

Depending on where you are geographically, many probably won't be listed on the MLS. Where I am, for example, I'd guess that maybe 20% are on the MLS. The other 80% are sold by owner. So while a Realtor may be able to help you, you should also drive around--through the parks themselves--to look for homes for sale.

Manufactured homes can be a very cost-effective option. Compare the total price of ownership (mortgage plus land lease) to what comparable apartments in the area are going for.

Any other questions . . . just post them.

Hope that helps.
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0 votes 4 answers Share Flag
Thu Nov 3, 2011
Sue Wylie answered:
No written agreement makes this a problem. I would advise you to consult with your landlord. If you sublet without your landlord's knowledge or approval, that creates another set of problems, which may result in your eviction. EIther way, I'd suggest you consult with an eviction attorney in your area. You might also consider calling your Local Tenant's Rights people. They can tell you what your rights are and what your sublet tenant's are. Good luck. ... more
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Tue Oct 4, 2011
Rudi Hofmann answered:
From Newhall to Inglewood everyday in the morning? That wouldn't be something to look forward to. Of course if you left around 5:00 am it wouldn't be as bad. It will be more fun going home in the evening. Do you like eating dinner late?

Happy funding, Rudi
... more
0 votes 1 answer Share Flag
Tue Nov 1, 2011
Joe Cusumano answered:
You can but it will be very tough. Cities are hurting for money and this is one way to get some. If you had plans then you might be able to fight ti but with out them they are pretty much in the the drivers seat. I would recommend you elevate the case and request a hearing. Might be your only shot. ... more
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Mon Apr 23, 2012
Rudi Hofmann answered:
You have your pre-approval. That is enough. The sellers agent has no legitimate need or right to ask for this. What does your buyers agent have to say about this?

Happy funding, Rudi
0 votes 7 answers Share Flag
Mon Jul 25, 2011
Ron Thomas answered:
If this was with anyone but the Agent, I would say it was a SCAM>

How do you know that he was the Agent?
Check with the local MLS and see if he really is a Realtor.
You might want to talk to the local FRAUD unit, you're rrunning out of time.

Good luck and may God bless
... more
0 votes 14 answers Share Flag
Sat May 7, 2011
Tim Moore answered:
You know an awful lot about the other buyers and I wonder who the agents are working for in your transaction. Seems like a lot of bedroom talk going on, but .......

The bank usually does an appraisal, or BPO, when an offer is presented to determine the value that day in the market. I doubt that the bank will pay $350 to have a full appraisal done so unless the buyers want to I doubt one will be done. They might ask for another BPO to check the price with another Realtor and then make a decision. What I don't understand is if they are still haggling over the price I can't imagine they have a contract that is fully agreed to and so there is no need of a 2nd position offer (or backup as you call it). Why can't the bank accept your offer as the primary? ... more
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Thu Apr 28, 2011
John Barry answered:
hi Liza,

Did you have a question about Homepath financing? This is a type of financing offered by Fannie Mae and is exclusive to REO properties owned by Fannie Mae. If you need any help or have any questions, feel free to email.

Thanks, have a good day!

John Barry
DRE #01856079
Coldwell Banker Residential Brokerage
Sherman Oaks, CA
Cell: 323-810-7976
Twitter: @RealtorJB
... more
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Mon Mar 21, 2011
Richard J. Allen answered:
If you are looking at the MLS number it means it is listed with a local broker. All Southland Regional Association of Realtor listings begin with an F. Other letters or no letters indicates a broker listing in another associations MLS.

I hope that clears this up for you!

Richard J. Allen
Absolute REO Properties, Inc.
661-252-2227 Direct
... more
0 votes 3 answers Share Flag
Sat Dec 4, 2010
The deals can be anywhere. Not necessarily in one particular area of Canyon Country/Santa Clarita. Some communities do present great buying opportunities, but there are too many to name, here. I'd suggest looking at high inventory communities where sellers are competing with each other to win over buyers (ie larger condo communities and housing developments). Some of the best deals are short sale homes. In order to get those deals however, you have to have a lot pf patience and time available, as those sales can take months to complete in some instances. Santa Clarita has a pretty low inventory of bank owned homes for sale, however deals can be had there as well. The best part of being a homebuyer in Santa Clarita right now is that competition is very low, amongst other homebuyers right now. That means, potentially, less multiple offer situations. If you're an all cash homebuyer, that could open up the door to other "deals" and opportunities as well on fixer-type homes for sale. Check out our awesome Santa Clarita real estate site - linked below - to check out what's for sale. It's always updated. Good luck! ... more
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