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Mission Viejo : Real Estate Advice

  • All103
  • Local Info5
  • Home Buying41
  • Home Selling3
  • Market Conditions6

Activity 58
Mon Aug 6, 2012
Mission Viejo Real Estate by Valorie Stover answered:
Jamminzee,
Did you want to know where your offer should be? That depends on location, sqft, #bedrooms, condition, you can email me or call for some answers.
0 votes 7 answers Share Flag
Fri Jul 31, 2009
Robert Chomentowski answered:
No a seller credit can't be used as any part of that 3.5%. On an FHA loan the borrower has to have 3.5% of their own funds. Of course they can get a gift from a relative or life long friend. ... more
0 votes 2 answers Share Flag
Fri Jul 24, 2009
Dallas Texas answered:
Had this experience recommend move on forward cancel amendment request for escrow return.

Not much you can do it can be tied up for extreme amount of long time.

Discuss with listing agent for their view point.

GOOD LUCK

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911
... more
0 votes 0 Answers Share Flag
Thu Mar 8, 2012
Dallas Texas answered:
You need confer with your mortgage broker or lender determine status and has details all required anwers
GREAT QUESTION

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
Lynn911
... more
0 votes 10 answers Share Flag
Thu Jun 11, 2009
Bob Phillips answered:
Hello Anna, I think you may be confusing total closing costs, which average about one percent or more, for either a buyer or a seller ( usually slightly more for a seller.) with escrow fees, which are but a small part of total closing costs.

Without seeing actual paperwork it is difficult to determine if my conclusion is correct.

I hope this is helpful to you.
... more
0 votes 4 answers Share Flag
Fri Apr 13, 2012
Karen Parsons Fiddler answered:
HI,

Well...first we need to identify what you are looking for...sounds like you are thinking Mission Viejo? I'm in Mission Viejo. Once we know what you would like to find, price range, size etc...we can start researching the homes to put you in a good position to get your offer accepted.

First thing is for us to talk about your criteria....

I have information on the website below which talks about foreclosures and short sales, you can read how I approach things there....if it makes sense, we can talk more.

Karen
... more
0 votes 22 answers Share Flag
Fri Feb 20, 2009
Robert van der Goes answered:
Hello Glena,

The home at 26282 Via Juanita did sell at $425,000, or $286.77 per square foot. If you would like additional information on this or other local homes, please let me know.

Best regards,

Robert M. van der Goes
714/ 305-2050
... more
0 votes 2 answers Share Flag
Wed Feb 25, 2009
Ellen Bosworth answered:
Did the deposit go into the escrow account?
0 votes 2 answers Share Flag
Mon Jul 13, 2009
Ellen Bosworth answered:
Dawn,
Call your real estate agent and speak to him or her about this. If you are in escrow and all contingencies have been removed, this would seem unlikely.
Ellen Bosworth
0 votes 7 answers Share Flag
Mon Jul 13, 2009
Frank & Susan DiLauro answered:
By all means, this is a great time to buy! Prices are dramatically below their levels of the last few years, and interest rates are at an all-time low. Couple that with lease rates that are at our above previous highs, and you get perhaps the best time I've seen to buy in my 30 years in real estate sales in Southern California. ... more
0 votes 13 answers Share Flag
Sat Jan 31, 2009
James Gordon ABR SFR SRS answered:
Frankie of the few loan mods that I have seen the lender makes the payment affordable but does not forgive any debt. The loan has become a 30 fixed at a DTI that the borrower can afford with the unpaid princilpe tack on at the end like a balloon.

As for the truth in their example why would a lender gift the person going into forclosure 45,000.00 in equity? If the appraise value is 375,000.00 I can not see a lender agreeing to rewrite the loan to 330,000.00 it just does not make sense.
... more
0 votes 7 answers Share Flag
Sat Jan 3, 2009
Sarah Piazza answered:
Via Juanita, Mission Viejo has been on the market one day and the price is $412,900. Visit my website for more information.
0 votes 5 answers Share Flag
Mon Jul 13, 2009
Michael Barron answered:
Hi there Michelle. If you hate this home why are you buying it? Nobofy really knows about the Market in the future. Nobody has a crystal ball. Over time real estate will appreciate. Therate depneds on many facotoes that I would be happy to discuss with you in nfurher detail.
Feel Free to call or E-mail me

Kind Regards
Michael Barron
Realtor/MBA
First Team Real Estate
(714) 552-6817
michael-barron@sbcglobal.net
... more
0 votes 10 answers Share Flag
Sun Sep 14, 2008
Cynthia Fleming answered:
I just checked MLS and there are no Active REO's showing on Marbella Vista right now. Where did you hear about it?
0 votes 2 answers Share Flag
Mon Jan 19, 2009
Kurt answered:
Hello Franklin!

I will Email you some fun available stuff in Ladera Ranch......it is a GREAT community!

Please contact me: kurt.century21@yahoo.com....I'll have property profiles to you within 24 hours......

Feel free to search yourself online @ Official OC Home Search.com

http://www.officialochomesearch.com
... more
0 votes 8 answers Share Flag
Thu Mar 27, 2008
Rory Siems answered:
Hello Randy,
I would also say that price per square foot does not accurately represent value. The reason for this is: take two homes that have the same exact floor plan (and therefore the same square footage). One has a pool and a view the other does not. Price per square foot does not explain the higher value attributed to the property with the pool and view.

The SoCal MLS is only accurate going back for the past 3 years, and that data is far from complete as I take measurements further back.

There is a company that supplies this information to all of the newspapers, for Orange County is Data Quick. Their data is what the newspaper economists use as their ingredient for their opinions.

Feel free to give me a call if you have more questions, or if I can give you more help: 949-351-3541
... more
0 votes 8 answers Share Flag
Wed Feb 27, 2008
Jennifer Kretschmer, AIA answered:
There are different stages of a foreclosure, so it depends on what stage the property is in.
The earliest is after a Notice of Default. The homeowner still owns the home and can negotiate with the bank on a sale. If they are upside down, it's usually a short sale. Short sales can take months to get an approval on your offer because both the homeowner and the lender have to approve the sale. The financing for this stage would be the same as a regular sale, but the lender foreclosing may make their acceptance of the offer contingent on you being able to get your financing in a very short time period (we were asked to make it happen in two weeks).
The next stage is a public auction. If the home is at auction then the property is generally sold "as is" and for cash only. You must qualify with cash before you arrive at the auction.
The last stage is when the property is bank owned (aka REO). This sale is similar to a regular sale. The bank will have a Realtor selling the property. You should have your own Realtor too. The property is usually "as is" but you can get your financing the same as any regular sale.
Any way, I'm not a Realtor, I'm just a person that's been looking at foreclosures as a way to increase the possible homes I'm looking at. I've been through a short sale process for four months and in the end I did not get the house. The house is now up for auction and I'm trying to decide if it's worth trying to get cash together to buy it. It will be very difficult for me to do that.
Good Luck.
... more
0 votes 4 answers Share Flag
Mon Jan 31, 2011
Jackie Blankenship, M.B.A. answered:
You have to look at the two neighborhoods and decide. Which has gone down more, which has more inventory, which has more buyer base etc. It may not be the same % of decline.

Also this decline in the market hasn't been accepted by all sellers so you may find a home you really like but that particular seller may not have accepted the fact that they will not be getting what they intially wanted and therefore you may not be able to buy that particular house for the low price you want. If you are open to many possibilities of homes and not attached to a particular house, then you have a better chance.

Whether it makes sense to make the move now depends on your situation and your reasons for the move. If the need is an actual need such as closer to work, bigger family etc. then yes, I would explore the idea. Good luck!
... more
0 votes 15 answers Share Flag
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