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Escalon : Real Estate Advice

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  • Local Info0
  • Home Buying7
  • Home Selling0
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Activity 7
Sun Oct 28, 2012
Nenita Tee answered:
Did you quit claim deed in lieu to the bank? It is better to ask from a lender so that they have to do the due diligence for you to get a loan.
0 votes 5 answers Share Flag
Tue Oct 23, 2012
Dp2 answered:
You might want to consider doing a lease-option.
0 votes 7 answers Share Flag
Thu Nov 4, 2010
Ryan Smith answered:
Hi Jvalk03,

Repairs don't have to be done if they are found in the inspection. However some of them maybe required to be fixed by the lender if they are called out during the appraisal. It all depends on the lender and their under writer. The home inspection is for your peace of mind and gives you the knowledge to make an sound purchase. If there are repairs in the report that you feel need to be fixed, you can have your agent request for them to be repaired.

Good Luck!
Chris Blasic
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0 votes 7 answers Share Flag
Tue Jun 29, 2010
Jennifer Bristol answered:
That home was listed for $132,100 on July 9, went pending on July 28th and sold for $130,000 on Oct 16th with an FHA loan with Seller concessions.

If you thought is was worth $145K, then you could have put in an offer for that amount and found out if your offer was accepted. If you had a cash offer, then it would have sold for that amount if yours was the accepted offer.

If you had a loan, then there would have been an appraisal done to find find out the actual property value. If the property value was lower than your offer, you would send the Listing Agent an Addendum with the adjusted price. If you were below the Appraised Value, then you would leave your offer as is, and continue with the close.
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0 votes 2 answers Share Flag
Wed Mar 24, 2010
Daniel Del Real answered:
Heidi, not sure why this question wasn't answered but it is possible to buy a rental. Some lenders are a bit stricter than others when it comes down to owning rental property but if you have a healthy down payment and good reserves it should not be a problem.

Daniel Del Real 209-204-0610

http://danieldelreal.blogspot.com/
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0 votes 1 answer Share Flag
Thu Oct 9, 2008
Jon Griffith answered:
Did you have a deposit on the first home that is non-refundable? Do you feel that you would need to explain why there is a credit inquiry on your record?
0 votes 2 answers Share Flag
Sat Feb 23, 2008
CJ Brasiel answered:
Jennifer,

Contact a local Realtor. I am sure they will be able to help. Someone on Trulia Voices in the area may be willing to help as well.

Good luck,
CJ
0 votes 3 answers Share Flag
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