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Moreno Valley : Real Estate Advice

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  • Home Buying104
  • Home Selling7
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Activity 179
Tue Oct 2, 2012
answered:
You can go up to a 100% c/o with some lenders, however most are capped at 90%. So if you have that much equity in your home, then by all means this is very do able. You have a better chance with VA than you do with any other loan option. Hope this helps. ... more
0 votes 11 answers Share Flag
Tue Dec 6, 2011
Mario Gonzalez answered:
Cecooper2,
This property is currently in escrow - so I am assuming that you are the buyer in that transaction and for that CONGRATULATIONS ! Please have your agent help you with this. You need to contact the County Tax Collector's Office ( they have an online form: http://riversidetaxinfo.com/riverside_publicinquiry.asp) or you can call them (see: http://www.countytreasurer.org/contact_us.aspx) Additionally, you will most likely receive a NATURAL HAZARDS DISCLOSURE REPORT, in which most likely you'll have a breakdown of the taxes for this property. The Mello-Roos information should be part of the property tax breakdown and will have telephone numbers for you to call to obtain additional information from the Mello-Roos holder (such as potential increase caps, length of time, and yearly amount). Be sure to supply this information to your lender IMMEDIATELY, and DEFINITLEY before you sign loan documents so that your impound account is set up properly, otherwise risk having your monthly payment jump as your lender makes adjustments months after the close of escrow to accomodate the mello-roos, and these later adjustments are much higher than if you were to have the impound account set up properly from the beginning. - Once again, CONGRATULATIONS on your home purchase !, Most Sincerely, Mario Gonzalez ... more
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Wed Aug 28, 2013
John Arendsen answered:
The first thing you need to do is consult with an experienced RE professional in the area you are looking to purchase in.
0 votes 5 answers Share Flag
Wed Aug 24, 2011
David Marquez answered:
Hello Mr De Paz,

First Time home buyers usually are a good match for FHA financing since it offers more flexibility than conventional financing.
You would have a better chance to having your offers Accepted if you have a down payment. You may be able to get a house with 0 Down but you would have to compromise and may have less choices.
Often times a mortgage may end up being same or even less than what you are paying for rent.
For Tax advice you should contact your tax person.
Good Luck!
... more
0 votes 5 answers Share Flag
Tue Apr 24, 2012
Christopher Walker answered:
The closest I know if is Michael Paduano in Palm Springs. I am sure he could help get you in the right direction if he would not handle himself. Moreno Valley is only about 30 min from his office. Give him a call at 760-831-3761 - Hope this helps. ... more
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Sun Aug 7, 2011
John Arendsen answered:
Sat Jun 25, 2011
John Arendsen answered:
Look no longer. Contact Joseph Arendsen at joseph@arendsengroup.com or call him at 760 672-0174. He specializes in REO, short sale, pre foreclosure, foreclosure and probate distressed properties. He has a pulse beat on all Riverside properties. ... more
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Fri Jun 3, 2011
Hal Tubb answered:
Bryanttngo,
Give me a call and I'll be happy to help you locate a place to rent.
Hal
0 votes 2 answers Share Flag
Sun May 22, 2011
Michelle Beeson answered:
Short sales and foreclosures are two different processes and departments. Often times the banks will process both concurrently, which leaves a limited amount of time to complete the short sale process. ... more
0 votes 9 answers Share Flag
Fri May 20, 2011
Sinead McAllister answered:
Hi Jenny,
I have seen a couple go that way recently. One of my clients had an issue with their tax return, but the lag was really getting certain docs from the IRS. I would definitely advise calling your loan officer and asking him for the real deal. Is this a dealbreaker? What is the actual ETA on a response? And you can always throw in the request to speak to his superior.
Another option to quell the sellers may be the offer to pay a per diem charge for every day past your scheduled close of escrow. You may then be able to negotiate for your lender to give you a credit to cover that charge, since they are the cause for the delay.

Good Luck- Hang in There!
... more
0 votes 9 answers Share Flag
Fri May 20, 2011
Christopher Lefebvre answered:
0 votes 14 answers Share Flag
Tue May 10, 2011
Michelle Beeson answered:
Lots of growth in Moreno Valley, Perris, San Jacinto, Hemet and Beaumont. Huge projects are underway out here that will create a ton of jobs and give a nice boost to our local economy. The 2nd largest shoemaker in the world, Skechers just had a 1.8 million dollar green facility built for their North American Headquarters in Rancho Belago (Moreno Valley) and nine more structures jut like it are planned for the Eastside of town. WInco Foods is building a new Distribution Center in Beaumont and some exciting things are happening with The Joint Powers Authority at March Air Reserve Base. We know the area well, and see great things on the horizon as far as growth and population shift, so feel free to contact me... I'd be glad to chat with you. -Cory ... more
0 votes 5 answers Share Flag
Wed Apr 20, 2011
answered:
Yes, I would. Did you see my answer to your previous question about the three primary criteria to qualify with a credit score below 620? You would have to make the contact.

http://www.trulia.com/voices/Financing/Can_you_get_a_VA_home_loan_at_financing_with_a_-283892 ... more
0 votes 7 answers Share Flag
Thu May 14, 2015
Ryan Smith answered:
Sun May 14, 2017
Don Tepper answered:
Unlikely. The lenders I work with require a score of 600 or higher.
0 votes 10 answers Share Flag
Wed Apr 27, 2011
Sergio Hernandez answered:
Because lenders are understaffed and the workload has overwhelmed them. Since lenders have to review every case and render a decision on approving a short sale, the process can take forever. ... more
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Fri Sep 18, 2015
Lisa LeQuire answered:
Are you speaking about "renting with an option to buy"?
0 votes 7 answers Share Flag
Fri Nov 21, 2014
Dallas Texas answered:
Your lender should be sending notices for any foreclosure . Keep reading your mail and contacting the lender for answers

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
... more
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Fri Apr 1, 2011
James asked:
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Sun Mar 27, 2011
David Bernal answered:
You can never go wrong in the Sunnymead Ranch area. Always a popular well established area. Great master planned community that's close to the mall and freeways. Closer to Riverside and surrounding areas for commuters. ... more
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