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Lancaster : Real Estate Advice

  • All283
  • Local Info21
  • Home Buying78
  • Home Selling10
  • Market Conditions21

Activity 120
Thu Jun 10, 2010
Anna M Brocco answered:
Not knowing any specifics--Your sons can begin by visiting with any qualified loan officer(s) and seeing exactly what the budget can handle, and run their credit scores--the loan officer may offer great suggestions on how to best improve the credit(s) in the fastest time if needed. Currently FHA loans do require a minimum score of 620 and 3.5% down. ... more
0 votes 6 answers Share Flag
Thu Apr 15, 2010
Dave Griswold/ Lisa Payne-Griswold answered:
You can have it appraised by an appraisal company, or you can call a Realtor and have them do a MVA on the property.
All the Best
Dave & Lisa
0 votes 3 answers Share Flag
Sun Jun 13, 2010
Tamara Stoebe answered:
Hello Datwin2,

Enough is enough when you are done waiting. Typically short sales lose value as the process progresses - unless the listing agent had the list price at an unreasonably low figure.

I would recommend having your agent do a BPO or CMA to show you if the property is really worth $220k. If it's not, this should be submitted with an offer you are comfortable with - highest and best, to show the seller's lender that you are still a serious buyer.

Keep in mind - if you want to take advantage of the first time buyer tax credit or move up credit, you must have a fully executed contract - including short sale lender approval by 4/30/10 and close by 6/30/10.

I wish you the best of luck in your house search - if I can be of further assistance, please let me know.

Tamara Stoebe, REALTOR, GRI, QSC, e-PRO, Notary
DRE License #01827461
TROTH GMAC REALTORS
1801 W. Ave. K
Lancaster, CA 93534
Cell: (661) 466-6849
Fax: (661) 422-3006
E-mail: Tamara@TamaraStoebe.com
Website: www.TamaraStoebe.com
... more
0 votes 10 answers Share Flag
Tue Mar 16, 2010
Joanna Jensen answered:
Hi Warren
Sure, you could try to do that you have to pay cash no financing.
You may be better off stopping the sale and trying for either a principal reduction or loan mod.
Depending on the scenario and other debts if your home is upside down you may be able to get a new mortgage at 90% of the marketr value.
Bidding at the sale allows other investwers to bid against you..
If you would like info free to call.
JoAnna jensen
Certified debt negotiator
Principal reductions
925 699:5041
... more
0 votes 7 answers Share Flag
Wed Mar 2, 2011
Linda S. Cefalu answered:
First and foremost you should get legal advice from your attorney ASAP. That said, my answer is don't do it! The ramifications of foreclosure are far greater than a short sale. Find an agent that is experienced and trained and has had previous success in short sales and get your home on the market, if you haven't already. ... more
0 votes 5 answers Share Flag
Thu Mar 11, 2010
Tamara Stoebe answered:
Hello Macosta,

It is not easy - the reason for this is that the parks as a whole do not allow renters. When you live in a park you are paying the space rent where the mobile home is physically located as well as for any loan payment on the actual coach.

In all the listings available in Palmdale and Lancaster, here are the only two properties that the seller's will sell with a seller caryback:

http://avrealestate.rapmls.com/scripts/mgrqispi.dll?APPNAME=Gavar&PRGNAME=MLSLogin&ARGUMENT=n34BkZSIoytS4bzFlvO0Hx%2Fxt4r1lRX4x19rJPHsdCw%3D&KeyRid=1


http://avrealestate.rapmls.com/scripts/mgrqispi.dll?APPNAME=Gavar&PRGNAME=MLSLogin&ARGUMENT=n34BkZSIoytS4bzFlvO0H8Lca4uF1ZYfu%2Bc5Pc4nw3M%3D&KeyRid=1

I hope you find this information helpful - if I can be helpful in assisting you, please feel free to contact me.

Thank you,

Tamara Stoebe, REALTOR, GRI, QSC, e-PRO, Notary
DRE License #01827461
TROTH GMAC REALTORS
1801 W. Ave. K
Lancaster, CA 93534
Cell: (661) 466-6849
Fax: (661) 422-3006
E-mail: Tamara@TamaraStoebe.com
Website: www.TamaraStoebe.com
... more
0 votes 1 answer Share Flag
Wed Feb 17, 2010
Patrick Thies answered:
Check with a local lender. Some states were offering programs where the buyer could borrow the credit for the downpayment. These programs take a little longer to finace so contact a lender ASAP. ... more
0 votes 4 answers Share Flag
Tue Aug 24, 2010
John Villaescusa answered:
If you are interested in "flipping" what i coould do is set you up on my VIP Buyer automated email system that would send you all the available listings that meet your search criteria. It would have the address so you could swing by and took a look from the outside and if you like the outside then we could schedule a showing. This is a FREE service I offer, all I need from you is some basic info like: Cities you're interested in, bedrooms, bathroom, etc). You can either email this information at Johnv@kw.com or visit my website at http://www.vgrouphomes.com/atj/user/AdditionalGetAction.do?pageId=197987 and you could sign up there online.

John & Sarena Villaescusa
Cell- 562-818-2671
Email- Johnv@kw.com
Website- www.VGroupHomes.com
... more
0 votes 3 answers Share Flag
Sun Oct 25, 2009
Melissa Zavala answered:
You can usually purchase a foreclosed home on an FHA loan, as long as the property qualifies for FHA financing. You may be competing, however, against buyers who may be more qualified then you are. Check out this article for more information: http://activerain.com/blogsview/1277321/looking-to-buy-a-foreclosure- ... more
0 votes 5 answers Share Flag
Mon Oct 12, 2009
Jennifer Anderson answered:
I will be of service. Jennifer Anderson, Realtor 661-609-4434
0 votes 0 Answers Share Flag
Sun Aug 30, 2009
Rebecca Chambliss answered:
You can contact the local board and ask them if that property is currently listed, they should be able to tell you. You should also hire a Buyer's agent if you haven't already and that person should get the information for you, that is what someone who works for you does. ... more
0 votes 2 answers Share Flag
Sun Sep 13, 2009
Bill Eckler answered:
There is a major trend for potential buyers, seeking "lease purchase" opportunuties because their credit has raken a beating and they need time to improve their credit score. The demand for this type of arrangement far exceeds the supply of homes that are available under these circumstances. ... more
0 votes 2 answers Share Flag
Thu Aug 26, 2010
Tamara Stoebe answered:
Hi Steve,

I may have a naive attitude about our rental market, BUT, with all the foreclosures we have had lately, these families need places to live. The foreclosure is not necessarily tied to job losses, so these people are still working in the Antelope Valley, still have kids who go to school here, etc.

If you'd like to speak directly to a local property manager, I have two I can refer you too, just let me know via my contact info below. If I can help you with your rental search, please let me know and I'll be happy to assist you with that as well.

Have a great day.

Tamara Stoebe, REALTOR, QSC, e-PRO
DRE License #01827461
TROTH GMAC REALTORS
1801 W. Ave. K
Lancaster, CA 93534
Cell: (661) 466-6849
Fax: (661) 422-3006
E-mail: Tamara@TamaraStoebe.com
Website: www.TamaraStoebe.com

Follow me on Twitter: http://twitter.com/RealtorTamara
Follow me on Facebook: http://www.facebook.com/TamaraStoebe
Check out my Blog: http://tamarastoebe.blogspot.com
... more
0 votes 5 answers Share Flag
Sun Jan 31, 2010
Candy Havlock answered:
There are companies that do quite well at this. I know of a couple that rehab and then resell within the market and sell them quite quickly. We have very little inventory up here so the homes go quite quickly either way. ... more
0 votes 6 answers Share Flag
Fri Jul 24, 2009
Christopher Lawton answered:
In your profile you need to toggle where the info is pulling from, then within 24 hours it will update!
0 votes 3 answers Share Flag
Sun Mar 21, 2010
Andy Bencosme answered:
I saw a panel on Short Sales at the recent California Association of REALTORS meetings in Sacramento and a bank representative said that we would see a greater emphasis on short sales during the next 6 months or so. He said that the bank have done all the loan mods they could and that short sales would be the next focus because it is less expensive for them to do than a foreclosure. ... more
0 votes 2 answers Share Flag
Sun Aug 8, 2010
Andy Bencosme answered:
I can help you with that. I have someone in my office that specializes in that area. Just click on my name to the right and email me.
0 votes 3 answers Share Flag
Wed Sep 30, 2009
Marina Penrose answered:
You can check public records....Will need more information to proceed with a search....street address, apn number etc...
0 votes 1 answer Share Flag
Wed Sep 30, 2009
Cindi Wolf, CMS, GRI, SFR answered:
Hi Luis,

I would love to answer your question if you can be a bit more specific and give me the address. I will look it up and let you know.

Cindi Wolf
Century 21 Yarrow & Associates
661-609-9392
Cindi Wolf@msn.com
... more
0 votes 3 answers Share Flag
Thu Oct 1, 2009
Rita Fong answered:
Hi, Pamela,

Try www.city-data.com, they have pretty good in depth information about each city. You just put the city name in the box, and search.

Hope this helps.
0 votes 6 answers Share Flag
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