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Downey : Real Estate Advice

  • All97
  • Local Info12
  • Home Buying21
  • Home Selling2
  • Market Conditions3

Activity 40
Sun Aug 4, 2013
Lourdes Silva answered:
Hello Cesar. In order for you to get the best loan program and rate, banks require a minimum of two years after the date of discharge. You can obtain a hard money loan which I personally don't recommend because the rates are high but it just depends how soon you want to purchase a home. I recommend you start getting pre-qualified about 2 months before reaching the two years from your bk discharge. If I can further assist you, is be more than happy to help. ... more
0 votes 4 answers Share Flag
Sun Mar 31, 2013
Luther Sanchez answered:
There is one on Firestone Blvd and Lakewood Blvd as well, both in South Downey.

7230 Firestone Blvd, Downey
12074 Lakewood Blvd, Downey
0 votes 1 answer Share Flag
Thu Jan 24, 2013
Irene Martinez asked:
Wed Jan 23, 2013
Scott Godzyk answered:
Richard not sure what your question is. please come back and add some detail
0 votes 2 answers Share Flag
Fri Dec 21, 2012
Luther Sanchez answered:
Hello Walter,
I'm sorry to hear about your daughter. I'm calling you now, I look forward to helping you in any way I can. Feel free to call me when you have a chance.
0 votes 5 answers Share Flag
Wed Dec 5, 2012
Alison Hillman answered:
Hi Emily-

Take a look at our search tools here:



Good luck,
Ali, Community Manager
... more
0 votes 1 answer Share Flag
Sat Oct 13, 2012
DJ Bonner answered:
Hello Lizmarine,
I would be more then happy to send you a list of available rentals. Please feel free to email me.
Thank you,
DJ Bonner
Keller Williams Realty
0 votes 3 answers Share Flag
Sat Aug 1, 2015
Morcos Azer answered:
NO, is not better. It is the same. Listing agent is an agent as any other agent and if the listing agent feels any confelect, he/she will advise buyer to get their own agent.
0 votes 64 answers Share Flag
Sun Oct 14, 2012
Tony Lanz answered:
Im sorry, I do not have. There is a company called West side rentals,they might be able to assist you.
Good luck.
0 votes 2 answers Share Flag
Sun Oct 14, 2012
Benny Chavez answered:
Hi Alma as a real estate agent I don't have a large amount of rentals but I'd be happy to help you with the few rentals we have. Give me a ring or send me an email whenever you have a chance! ... more
0 votes 2 answers Share Flag
Sun Aug 12, 2012
Marie & Angelo Picarelli answered:
Yes it is a short sale. It is sold and closed escrow on 6/14/12 at $400000

Is there anything else I can help you with?
0 votes 4 answers Share Flag
Tue Jun 17, 2014
Peter Makhlouf answered:
Neighborhood is pretty nice and quiet.. The worst area of Downey is around Rosecrans and Lakewood.. Westside by Rives and Old River School and nice.
0 votes 7 answers Share Flag
Sat Oct 25, 2014
Steven Brothers answered:
Having a relative, business associate, or person who shared a business interest purchase the house in a short sale is generally considered mortgage fraud by banks. They will want the short seller to sign an "arm's length affidavit", that is a declaration that you have no relation to the buyer. The bank essentially does not want the seller to rent back or regain title to the distressed property. So, in short... no, a relative cannot legally buy your short sale property. ... more
0 votes 6 answers Share Flag
Fri Dec 21, 2012
DJ Bonner answered:
Hi Carla,
I will be more then happy to help you out, but I just need a bit more info. Will it be FHA?do you have 20% down? if not, How much down? also are you preapproved?
Please feel free to email me and I will get right back to you with your answer.
DJ Bonner
Keller Williams Realty
... more
0 votes 8 answers Share Flag
Sat Feb 18, 2012
Mack McCoy answered:
Well, Jaime, here's the thing - if you listen to your friends, then you can go back to them when they're wrong and thank them when they're right. If you listen to other people, and they tell you something different, then your friends will come back at you when you're wrong, and ignore you when you're right.

All the best,
... more
0 votes 20 answers Share Flag
Tue Nov 23, 2010
Dallas Texas answered:
Contact the city it will also need the change the tax rolls on how the property is recorded in county records. They would be the experts on a Realtor

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
... more
0 votes 10 answers Share Flag
Sun Oct 14, 2012
Charita King - Short Sale Specialist answered:
Hi Lulu,

What's the price are you looking for?

Charita King
Century 21My Real Estate Co.
0 votes 10 answers Share Flag
Fri Feb 26, 2010
Diego Esquivel answered:
Hello, I just want to mention I love these questions! I currently specialize in Downey and have about 6 listings 4 of which are currently in strong negotiations. I am very familiar with the Downey market and would STRONGLY suggest to begin searching as soon as possible to take advantage of this extremely affordable market including all the extra incentives currently being offered. Not to mention, the sooner you start the more choices you'll have! If you would like to sit down and consult this further I am always available, my assistant or I can schedule an appointment for you ASAP. Please feel free to email or call me with any further questions or for a free list of current available homes within Downey. Thanks!

Diego Esquivel
Coldwell Banker Allstars
13915 San Antonio Dr.
Norwalk, CA 90650
323-807-7242 CELL
562-863-5867 OFFICE
... more
0 votes 4 answers Share Flag
Tue Aug 10, 2010
It's up to the bank, so no good way to answer that. Every bank works different and only they know what they are looking for

If I were the bank though, here is how I would rank potential offers

1. Cash offer - it's within 5% of the list price and not subject to any contingencies other than probably an inspection. This is a sure thing for the bank
2. Conventional financing - depends on the down payment and seller concessions. Large down payment with fewer concession means less hassle in getting financed
3. FHA financing - FHA loans take longer to process and the home needs to meet minimum property standards so sometimes FHA appraisals come back requiring repairs, which a bank is hesitant to do

As the saying goes, "Cash is king". Even if the other offers are higher, remember the home needs to appraise that high. And with appraisals these days a lot of appraisers are hesitant to bring in a higher value knowing that the home was listed at $256k. The price increase needs to be justified.

I sure hope you guys get the home, but if not keep your head up!
... more
0 votes 10 answers Share Flag
Wed Feb 24, 2010
Ron Margolis answered:
No tax consequences if the property is a primary residence. Short sale is the best opportunity to negotiate with the bank but if bankruptcy makes more sense, an attorney might have the proper advice. There's no negotiating with the bank on a foreclosure. ... more
0 votes 4 answers Share Flag
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