Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Cerritos : Real Estate Advice

  • All96
  • Local Info5
  • Home Buying26
  • Home Selling4
  • Market Conditions3

Activity 78
Tue May 29, 2012
Emily Knell answered:
They won't talk to you about any offer submission.

The only information you MIGHT MIGHT MIGHT get out of them is a date in which it MIGHT come on the market OR if they can give you an Asset Manager's phone # & from there you MIGHT find out who MIGHT be assigned the listing when it does finally come on the market.

It may not come on the market for up to a year.

Shoot me an email directly if you'd like to talk to me some more. I don't look back on this same Trulia thread for answers posted after mine.

EmilyKnell1@yahoo.com
562-430-3053 c
Realtor Since 1996
Main Street Realtors
... more
0 votes 3 answers Share Flag
Thu Apr 5, 2012
DJ Bonner answered:
It all depends on the current owner and if they are willing to leave. If not it will be a process or you can offer them cash for keys. Also be sure to check title and HOA.
Best of Luck,
DJ Bonner
Keller Williams Realty
djbonner@kw.com
... more
0 votes 7 answers Share Flag
Fri Apr 20, 2012
Jonathon Villaescusa answered:
I have never heard of any "Rent-to-Own" ever happening. What you are probably looking for is a "Seller Financing" transaction. This would be your best way to purchase a home that is tangible without having to gop through all the hoops that traditional financing has.

If you have any questions about this please give me a call at 562-652-7667

Thanks!

Joonathon Villaescusa
Realtor/Owner
Excellence Real Estate
562-652-7667
www.ExcellenceDuo.com
... more
0 votes 5 answers Share Flag
Thu Apr 5, 2012
Franklin Jacks answered:
Hi HBuyer,

If you have a certain home in mind please contact me directly at
franklin.jacks@century21.com and I will get you the information you need.
As a Broker I will contact the home owner and get authorization to speak directly
to the Bank.

Hope to hear from you soon!

"...A Good Name is Rather to be Chosen..."

God Bless!

Franklin Jacks
Century 21 astro
562.304.3633
franklin.jacks@century21.com
... more
0 votes 5 answers Share Flag
Tue Dec 27, 2011
Emily Knell answered:
Even if you called up the bank you wouldn't get an answer to this question. This is called "Shadow Inventory" & the banks are controlling market prices by bringing homes back on the market as REOs when THEY want to. We won't know when that date will be until an asset manager is assigned & the property is put up for sale. The previous owners who are living there, however will probably get a notice as much as 30 days in advance because they'll be given notice to move.

Shoot me an email directly if you want to talk about this some more, I don't look back on this same Trulia thread for answers posted after mine.

EmilyKnell1@yahoo.com
562-430-3053 c
Realtor Since 1996
Main Street Realtors
Short Sale Expert
... more
0 votes 4 answers Share Flag
Thu Sep 20, 2012
Mark Anthony Ruiz answered:
FIRST ANSWER

When the bank takes the house in its possesion, the eviction process can take up to six months. First, the bank send an REO agent to negoiate the relocation fee .. Our asset managers give us the authority to give a set amount and as time goes by the amount is lessened. What the previous home owner does not realize is the bank has hired an attorney to work simutaneously towards the eviction and the next three-four months are going to court to evict the previous homeownerers. The sad part is when we arrive with the sheriff and locksmith to re-key and they are always in shock and wished they had accpted the first offer. The thought they could stay ayear because their cousins neighbors brother wifes friend who goes to church with the son-n-laws best friend told them they could live for free for another year. In fannie mae instance, if the homeowner had a tenant with a lease, they offer the tenant an option to finish the lease out. There are several case by case scenarios. If you like, send me a direct message and i can do some further investigation for you. email me at C21Astro@gmail.com

Mark Anthony Ruiz
562-246-5200
714-815-4634
http://www.MarkAnthony.tv
... more
0 votes 3 answers Share Flag
Sun Dec 4, 2011
CJ Brasiel answered:
Tana -

There are rare situations where a bank will rent back to the owners foreclosed upon when extenuating circumstances exist (health, children, etc). There are rumors that banks are considering this more and more but it runs head into liability issues and most banks/lenders and their attorneys are not prepared to be landlords.

Generally, the foreclosed owner is presented with "cash for keys" by a REO agent, sheriff, or the like. The owner may have hours or days to vacate. Typically hours, since the bank does not want the owner to have time to "trash" the place.

If the bank/lender has not yet foreclosed, and the house is being short sold, the owner can remain on the property until title changes to the new owner. This may be the situation here.

Contact a local real estate professional to help you find out more details about this specific home.

CJ
... more
0 votes 5 answers Share Flag
Sun Dec 4, 2011
Carlos Herrera answered:
Are you sure it's the owners that are in the home? Sometimes (at least in FL), the lender who forecloses allows a tenant with a current contract to stay for the remainder or the lease perior provided they pay the rent to the lender.
If the owner is still in there, the lender may not have started the eviction process. And I'm not sure how they process these foreclosures and how many they have in the works. It may just be a matter of the bank getting to that specific home on their list.
... more
0 votes 3 answers Share Flag
Wed Oct 19, 2011
Shane Milne answered:
• FHA requires 2-years BK discharge (only 1 year if it was due to extenuating circumstances, such as medical or death of a wage earner, etc.)
• VA requires 2-years BK discharge (only 1 year for extenuating circumstances)
• USDA requires 3-years BK discharge (only 1 year for extenuating circumstances)
• Fannie Mae & Freddie Mac require 4 years (only 2 years for extenuating circumstances)

In all situations you need at least 12 months of re-established credit and 3 traditional trade lines, some lenders want 3 trade lines of 12 months each. Trade lines that survived a BK, such as a credit card you kept open, a car loan you maintained payments on/didn't include, student loans that you are making payments on that couldn't be included, etc. can count towards the re-established credit.
... more
0 votes 1 answer Share Flag
Sun Jul 3, 2011
Rick Manzanares answered:
I would love to help you out. I can email you current listings that fit your criteria.

Here is my contact information

Rick Manzanares
Coldwell Banker Dynasty
17410 Bloomfield Ave
Cerritos, CA 90703
(562)650-9664
Rick90650@yahoo.com
... more
0 votes 5 answers Share Flag
Tue Jul 31, 2012
David Burnham answered:
Unless foreclosure is scheduled in the next week or two, I would not worry about it. There is no guarantee that you will get a better deal and it could take a year or longer before you see the house back on the market after foreclosure. ... more
0 votes 6 answers Share Flag
Sun Jan 30, 2011
Mark Anthony Ruiz answered:
There are 8 condos in the city of Cerritos available todat 1/30/2011...all of them are short sales. There are different stages in an approval of a short sale. Once a short sale is a approved the sale moves along more rapidly than that of the past.
Most condos in that price range sell fast if its a regular sale and most likely it an all cash offer the ends up as the best offer. If you ahve a great credit score why rent? I believe we are close the the bottom of the market for several reasons.
I just put a client in a rental because both husband and wife re4ceived great job offers in LA. They sold their house in Palm Springs and work out here in LA and needed to sell quickly so rather than make a quick decision (21 days) on a few properties they wanted to take their times with in 6 months.
I have not seen a lease to own option in about 5 yrs in the City of Cerritos....but i will keep my eye out for you.


Let me know if there is anything else I can do for you.

Thanks for the oppurtunity,
Mark Anthony Ruiz
714-815-4634
www.MarkAnthony.tv
... more
0 votes 1 answer Share Flag
Sun Jan 30, 2011
Mark Anthony Ruiz answered:
There are 8 condos in the city of Cerritos available...all of them are short sales. There are different staghes in an approval a a short sale. Once a short sale is a approved the sale moves along more rapidly than that of the past. Most condos in that price range sell fast if its a regular sale and most likely it an all cash offer the ends up as the best offer. If you ahve a great credit score why rent? I believe we are close the the bottom of the market for several reasons.
I just put a client in a rental because both husband and wife re4ceived great job offers in LA. They sold their house in Palm Springs and work out here in LA and needed to sell quickly so rather than make a quick decision (21 days) on a few properties they wanted to take their times with in 6 months.

Let me know if there is anything else I can do for you.

Thanks,
Mark Anthony Ruiz
Office 562-246-5200
Cell 714-815-4634
www.MarkAnthony.tv
... more
0 votes 1 answer Share Flag
Thu Oct 21, 2010
Lourdrie McNamee, MRP answered:
Pari,

You say, you are familiar with Cerritos. My suggestion is find a few areas of Cerritos you would like to live in. Then we can see what is available as far as sales go and in your price range. There may be sellers that would consider "rent to own". You don't know until we have asked.

It would be my pleasure to search out Cerritos for you, let me know.

Lou McNamee
Coldwell Banker
562-879-9677
... more
0 votes 1 answer Share Flag
Sat Sep 4, 2010
Sameer Punjani answered:
Try craigslist.org they got good deals, there might be some rental agents on here that will get your post. Look in your area if apts are going for 1,200 then you can split it 600 each, but just make sure you get a long with the roommate and / or run a background check. The last thing you want to do is live with someone you really don't get along with.

Good Luck, again, some other agents will probably be on in the morning to help you out.

Thanks
... more
0 votes 1 answer Share Flag
Sun Aug 22, 2010
Diane Wheatley answered:
I would like to find a statute of limitations on how long a home can remain in foreclosure. I have not found one yet. A colleague of mine has his home in foreclosure for four years now with Bank of America. I believe that must be one of the longest time periods out there.

Good question!

Diane Wheatley, Broker
diane@moveupproperties.com
(909) 981-5400
... more
0 votes 3 answers Share Flag
Sat Apr 17, 2010
Emelia Sanchez answered:
It will depend on the character of the homeowner. I have seen a homeowner foreclosed in 12/08 and got an attorney and fought the bank claiming they didn't follow procedure and tied up the whole thing in court for a year plus another 3 months for the eviction process and just moved out last month. The bank will attempt to offer cash for the keys and asking them to leave the home intact. They will evict if necessary. The homeowner may have already moved out knowing their home is no longer theirs. It really does depend on the individual how hard they will make the process for themselves. If the home is tenant occupied they will have 90 days. Too many variables. ... more
0 votes 3 answers Share Flag
Tue Mar 30, 2010
Monique & Joe Carrabba answered:
Hello Jk,

What is the adress on Charlwood? There is a home at 13524 Charlwood. It is listed at $657,777. It requires 24 hours notice to show. Let me know when you would like to see it and I'll make an appointment if this is the correct home.

Best,

Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
mcarrabba@kw.com
(323) 899-2900
... more
0 votes 5 answers Share Flag
Mon Jan 11, 2010
Scott Godzyk answered:
A true fha loan is 3.5% down, there are variations where they are combined with State programs that offer grants to the buyer to use towards the down payment, You could contact one of the loan officers you currently work with, or in CA i would contact the CA housing authoritty or the CA versiion of that. ... more
0 votes 12 answers Share Flag
Sun Jan 10, 2010
Monique & Joe Carrabba answered:
Hello Michelle,

I don't know of any companies you can sign up to get short sales. I think there are some out there but not many. You pretty much need to market/farm to seller�39;s that are in default or have loans about to reset.

Good luck! I hope to see other posts to your question that have some insight on this.

Monique Carrabba
The Carrabba Group
Keller Williams Holllywood Hills
mcarrabba@kw.com
(323) 899-2900
... more
0 votes 9 answers Share Flag
1 2 3 4
Search Advice
Search
Cerritos Zip Codes

Followers

285