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La Puente : Real Estate Advice

  • All49
  • Local Info4
  • Home Buying16
  • Home Selling0
  • Market Conditions1

Activity 20
Mon Jul 23, 2012
Ron Thomas answered:
Choose a Title Company; like North American Title;
go in and ask to speak to an Escrow Officer:
Tell her what you plan, that you will try to use them in your transaction and that you need a hypothetical HUD1 for a $160,000 house.
She will generate a HUD1 which shows the numbers for both Buyer and Seller.

Good luck and may God bless
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0 votes 1 answer Share Flag
Thu Apr 26, 2012
Ashley Mirifard answered:
Hello Roxy,
This proeprty was listed for sale as a standard sale, & has been sold already.
If you're interested to purchase or looking for lease option to buy please contact me @ 909-908-9770.

Ashley/ Real Estate Broker
California Prime Homes & Management
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0 votes 1 answer Share Flag
Thu Aug 15, 2013
Madeleine Semaan answered:
Well if you have consulted an attorney he should have explained to you tax consequences in ca pertaining to the line of credit.if its large Amount they can pursue u with a deficiency judjement within the statue of limitations(3 or 4 yers).in other word they may not release the lien.they can come after you.
I hate to advise you in a legal way.ur best bet is a Real attorney to consult with.
Madeleine Semaan
First Team Real Estate
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0 votes 16 answers Share Flag
Sat May 11, 2013
Lance King answered:

We don't work in your area but this an excellent site for crime stats:

Best Regards,

Lance King/Owner-Managing Broker
DRE# 01384425
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0 votes 4 answers Share Flag
Tue Nov 23, 2010
Philip Roy answered:
Hello Doug,

I am not a Real Estate Professional in Socal but my market in Las Vegas is very similar in that the Pricing Bubble of 2007/Bad Economy effected both of us. I cannot predict the future, however, my humble opinion is that it is going to be a long while (maybe two years or longer) before the Real Estate market starts increasing with any large gains anywhere around the West Coast. ... more
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Tue Oct 5, 2010
John Barry answered:
Hi Linda,

What is the address of the complex? I would be happy to look it up for you & see if any units have recently sold.


John Barry
DRE #01856079
Coldwell Banker Residential Brokerage
Cell: 323-810-7976
Twitter: @RealtorJB
... more
0 votes 1 answer Share Flag
Wed Feb 24, 2010
Raimo Kumpulainen answered:
Private Mortgage Insurance.

Many banks require it if the LTV (loan to value) is less than 80%.

As soon as you feel that you could get rid of it, contact your bank. The bank will want to see an appraisal which shows that the value of your house is above a certain amount, relative to what you owe. ... more
0 votes 6 answers Share Flag
Sat Mar 10, 2012
Bob Georgiou answered:
Yes! The government always gets paid!

In a foreclosure the property taxes in arrears that were the responsibility of the original homeowner come before the banks leins and are paid first in a foreclosure or trustee sale. Then the bank, then if there are proceeds left, second mortgages and then other leins. The next buyer buys the home with clear title. ... more
0 votes 7 answers Share Flag
Tue Jan 3, 2012
You have to refinance that loan under you cousin's name only to get it off your name.

If the payments have been from your cousin's bank account to that mortgage company, you should be able to take that loan out of your debt ratio. ... more
0 votes 4 answers Share Flag
Wed Oct 28, 2009
Bill Eckler answered:

This is a tactic often associated with one of two possiblities...the agent may be trying to keep the number of days on the market to a minimum. This may also place the listing on report (hot sheet) that appears as "new listings" for agents to review. could be caused by plain ole "confusion."
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Sat Jul 25, 2009
Brad Davidson answered:
You are buying the house from the current home owner and they decide which offer to present to the lender. It is the lender that decides if the offer is acceptable and if they will allow the short sale to move forward. Be prepared to be very patient as it can take months to get a short sale transaction done. Also keep in mind that the vast majority of short sales never result in a closed sale. ... more
0 votes 5 answers Share Flag
Fri Jul 24, 2009
Sean Dawes answered:
Are you looking at a high priced home? FHA has limits on loan amounts.
0 votes 9 answers Share Flag
Sat Mar 14, 2009
Jose Hernandez asked: (Look for downloadable file: 2007-Remodeling-Guidelines, Building Green.pdf) If the cost of remodeling exceeds the available insurance funding, then we're...
0 votes 0 Answers Share Flag
Sun Mar 15, 2009
Denise answered:
Yes you can! Check out the case studies on the SmartDraw site where people just like you created their own home building and design plans.
0 votes 1 answer Share Flag
Tue Mar 3, 2009
Alex asked:
Puente, CA 91744, but I didn't see it on this web, I was wondering if you has more inofration on it?
0 votes 0 Answers Share Flag
Sat Mar 10, 2012
Keith Sorem answered:
You have another underwriting issue. Is this an As Is sale?
did you have the home inspected?
What is your Realtor telling you.

My concern is that you continue to post questions that are best answered by a person who knows the situatino. Your Realtor. If you don't know the answers to these questions, what ELSE are you going to NOT KNOW ABOUT. Every Realtor has a broker...ask the Realtor's broker these questions.

There is too much on the line for you to be asking some of us so far removed from the transaction.,
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0 votes 2 answers Share Flag
Tue Sep 16, 2008
Keith Sorem answered:
Sounds very interesting. The listing agent is the only one that can change the status unless it expires.

The most common reason for a short sale to no longer be on the market is that it is foreclosed...I'd ask some more questions.

The rule for short sales is that your Realtor needs to stay in regular contact with the lender...
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0 votes 3 answers Share Flag
Tue Jul 1, 2008
Walter 'Skip' Kersten answered:
Hi Veronica,
In my opinion, when deciding rather to buy now or later, the bigger question is what is going to happen to interest rates. Rising rates will have a bigger impact on your monthly payments than housing prices falling a little more. All indications are that rates will be going UP over the rest of the year. I hope that helps. Walter ... more
0 votes 6 answers Share Flag
Wed Jun 18, 2008
Laarni G. Omingo answered:
Hi Veronica,
The bank looks at best and highest offer. One reason why the property is not moving is the listing agent is not submitting the "full package" that the bank requested in the first place. But when it comes to acceptance, the best and highest offer are king. Qualifying and Fico scores are the listing agent's repsonsiblity. The bank assumes that the listing agent did his due diligence before submitting your offer.
Good Luck to you and if I can help you in any ways, I am not too far from you.
... more
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