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Chula Vista : Real Estate Advice

  • All390
  • Local Info21
  • Home Buying99
  • Home Selling3
  • Market Conditions11

Activity 183
Wed Oct 20, 2010
Tyler Brown answered:
I do not believe so. You will need a down payment and reserves. The credit card debt may not disable the ability ro obtain a loan. But, a bank will not allow you to
0 votes 7 answers Share Flag
Wed Oct 20, 2010
I believe that the tax credit only requires that you have the entire settlement package that you should have received when you closed on your new home. The one, most important document is the SETTLEMENT STATEMENT - I always tell my customers to get one marked "final" on top for their records. If you don't have it then you can request it from the title company.
If for some reason you need to prove that you live in the condo then I would think that if you have the utilities in your name and perhaps a few more bills sent to that address with your name on it that should help. You might also be asked to provide things like bank statements and payroll checks showing that you have done a change of address hence that you live there.
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Tue Jun 3, 2014
Luis Ramos answered:
20-25 years after the home is built. you can always check with the san diego county tax collector to check what the remaining balance is on your mello-roos. we're starting to see many homes that had mello-roos in the older parts of eastlake get paid off. those home were built in the 80's. ... more
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Mon Sep 27, 2010
Lori Jeltema answered:
Fri Sep 17, 2010
Luis Ramos answered:
It depends on the house you're purchasing. Is it priced well or is it overpriced? Has your agent done a market analysis on the home to pinpoint what it is worth in today's market? And are you willing to bring in the extra money to the table if the appraised value fell short by 10,000, 20,000 or perhaps more? This really depends on your unique situation and it is not a black or white answer. But in general it is not wise to remove the contingency unless you're an all cash buyer. ... more
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Mon Jun 29, 2015
Gregorio Denny answered:
Not if you plan on financing the remainder. You cannot borrow money to use as down payment. If you are actually asking if you can get a cash advance on your credit card to "pay cash" for the entire thing, that would have to be the most ridiculous idea I have heard in a very long time. You may want to read your credit card terms on what your cash advance interest rate is, you'd be better off asking Guido for a short term loan.

If you have 50K available in revolving credit, you should have no problem getting a mortgage for 50K from your bank or credit union at a decent rate.
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0 votes 15 answers Share Flag
Sat Sep 8, 2012
Maggie Hawk answered:

The best advice anyone can give you is to consult with an attorney. You need to know your rights. Good luck.

Warm regards,
Maggie Hawk, REALTOR
(386) 314-1149
Watson Realty Corp. ... more
0 votes 5 answers Share Flag
Mon Oct 11, 2010
Anna M Brocco answered:
Trulia posts listings and is not involved with any appointment schedulings, agents are. In your case, any local agent can help you--contact any realty office(s) and inquire, or contact any local Trulia contributor(s) directly and ask or simply contact the listing agent. ... more
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Mon Oct 11, 2010
Sarah Davis answered:
It's tough to find a single family home with at least 2 bed for that price, yet they do come up from time to time. I can tell you more about a 3 bedroom, 3 bath in Chula Vista for $1500 a month. If you're interested just email or call me. Thanks! ... more
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Wed Apr 27, 2011
Joan Wilson answered: many things need to be checked first, but yes it is possible.

Good luck,
Joan Wilson
Joan Wilson (Realtor, SRES, Ecobroker)

California Cool 4 Sale
Prudential California Realty
Direct Phone: 760-757-3468
Fax: 760-946-7894
License # 01341483

Know Your Rights Home Affordable Foreclosure Alternatives (HAFA) Program

Find Your Dream Home:

Find Foreclosures:


Co-author of “Should I Short Sale My Home?” Advice on what options are available.
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0 votes 4 answers Share Flag
Thu Jan 17, 2013
Dianne Hicks answered:
Why not call the bank before you stop and see what they can work out for you. I know it is a shame that many do not work with you until you are behind but it is worth a try. That way maybe they will work with you and you save your credit.

Good Luck!!!
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0 votes 12 answers Share Flag
Sat Sep 8, 2012
Patrick Hale answered:
Mellos roos is an excess tax, generally in a developing community. The fees depend on the bonds which the communities have allocated to schools, parks, fire stations, etc. Areas that provide more public parks, recreation, etc. may have a bit higher mello roos. This fee will reduce over time, so older neighborhoods usually have a small to no mello roos fee.

Patrick A. Hale, CDPE, RSD
Real Estate Broker & Investor

"Help Over 360 Distressed Home Owners Avoid Foreclosure"
If You or Someone You Know is in Financial Distress Visit:
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Mon Oct 11, 2010
Mary L Taylor answered:
If you were not on the title, then you may be able to qualify to purchase a home under your name alone. You need to talk to a lender to see what type of loan would be the best for you.
0 votes 9 answers Share Flag
Sun Oct 10, 2010
Dan Chase answered:
Since you will want to rent this property you need to make sure you can rent it for MORE than the cost of insurance, taxes, and mortgage. You also need to cover maintenance costs that will happen. Maybe even a company to manage the house for you. If you can not you will lose money. That is a bad idea.

Why buy now? Tons of foreclosures are coming to california.
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Thu Aug 12, 2010
Nick Ruiz answered:
I myself have never seen more than 2 borrowers on an FHA loan. Good thing is they will allow a co-signer that does not live on the property with you.

If you would like I can set you up with my loan officer who has done my personal loans as well. All you would have to pay upfront is the credit report. ... more
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Mon Oct 11, 2010
John Stacy answered:
Hi Monica,

Congratulations on getting an acceptance! This is very normal Monica. Bank owned properties typically are sold "As Is" with no termite report . Some will provide a termite report and even include Section 1 termite clearance/repairs. Please keep in mind that with a "normal" residential purchase contract, you will have 17 days (some banks will reduce this inspection contingency period down to 7-10 days) to do your due diligence regarding getting your home and termite inspections completed. Based upon the results you will decide if you want to remove your inspection contingency and proceed to purchase the property (or you can cancel the escrow). Note: If you remove all your contingencies (inspection/loan/appraisal), you could risk losing your earnest deposit to the seller per contract.

Remember, you agreed and understood that you were buying this propety "As Is". I've been involved in transaction that the bank is willing to give a dollar credit or even take care of the "request repairs" for the buyer on properties that they want to sell or if the condition of the home is really bad... it's on a case by case basis. Please keep in mind, there were probably 5-10 offers on the same property that were rejected that would be happy to take your place.

What you are experiencing during the buying process is very normal, whether you are buying your first home or your tenth. Remember, there isn't a perfect property... hopefully most of the issues that come up in the inspection are minor and just cosmetic. Probably nothing to worry about. If you found a great property that you love, hang in there... let your agent guide you through the process. You will be moving soon into your wonderful new home soon... Enjoy your tax benefits! Take Care!

With Kind Regards,
John Stacy

Realtor, CDPE
Bank Owned and Short Sale Specialist
Weichert Realtors Elite
619.892.2985 cell
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0 votes 2 answers Share Flag
Thu Aug 12, 2010
Grace Hanamoto answered:
Hello Sigrid and thanks for your post.

Unfortunately, Realtors will be unable to answer your question for you here on Trulia. Realtors are admonished against ever providing information to a home seller or buyer that can be construed as violating any Fair Housing rules. Thus, questions about ethnicity or demography cannot be answered by an agent or Realtor You can certainly obtain demographic information from the last census completed by the US government. Check with your local library for this information.

As for sub-prime loans, the databases available to us (as Realtors) contains only information about the loan that is "public" or made known when the mortgage information is recorded at the County Recorders'office. In this case, we can tell you the name of the bank providing the loan (before it was probably sold), the date of the loan, and the amount of the loan, but not the interest rate, the terms or whether the product was an ARM or sub-prime negotiable instrument.

For more information about housing in a specific area, contact a local agent who can provide you with information about homes that may be pending short sale or foreclsoure as this information is publicly available through the courts.

Good luck!
Grace Morioka
Area Pro Realty
San Jose, CA
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Tue Jan 26, 2010
Mark W. Miller, Realtor answered:
Hello Beth,

Unfortunately there is no specific answer to your question. The recording date will be impacted by court schedule and caseload, resolution of any issues, and any possible delays in recording the final ruling.

My best suggestion is to keep in touch with your Agent and ask him/her to follow-up with the Seller’s Agent for status.

I hope this helps.


Mark W. Miller, Realtor
Keller Williams San Diego Metro
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0 votes 2 answers Share Flag
Mon Mar 24, 2014
Michelle Gonzalez answered:
Your agent is right. There are multiple buyers looking right now and we are finding ourselves in multiple offer situations. Unless you are buying cash, you are swimming with a pool of buyers. There are thousands of homes for sale, many of them are sold within a matter of days.

As for the foreclosures up and coming, lenders are doing what they can to avoid having to foreclose on the borrowers such as suggesting they try a short sale. They are even hiring real estate agents (like myself) to personally go out to these peoples homes and find out if they are interested in modifying their loans. In some cases they want us (listing agents) to list the home for sale, in order to avoid foreclosure. There will be more foreclosures to come but not as many as we have seen in the past.
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0 votes 27 answers Share Flag
Sun Dec 27, 2009
Maya Thomas LLC answered:
You may still have a chance. A buyer I am working with is in a similar position and his lender was able to get him a loan. This is my first time working with him so I can't recommend him yet but here is the contact information just in case he can help you. Thomas W. Martin, United American Mortgage phone (954) 391-8387, fax (888) 377-4010. ... more
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