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Home Buying in North Hills : Real Estate Advice

  • All35
  • Local Info4
  • Home Buying7
  • Home Selling4
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Activity 10
Sun Aug 12, 2012
webinfo49 asked:
It's all one development. There is no sign on the property indicating management.
0 votes 0 Answers Share Flag
Tue Dec 18, 2012
Walter 'Skip' Kersten answered:
Hi R2D2,
Yes it is possible to sell and purchase at the same time. You make the sale contingent on the purchase and you get new loan approval contingent upon the sale. It will cost you around 7-8% to sell you existing condo figuring commissions and closing costs. Also, you should disclose the HOA issues to the new buyer.
Good luck,
... more
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Sat May 12, 2012
Tim Moore answered:
Speak to some Realtors and ask them to suggest a company or two. We deal with lots of lenders and know which are the best in the area we cover. I would never use a lender I can not go sit down with and talk face to face with, that's my 1st rule. ... more
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Mon May 7, 2012
Goldenheartsinc answered:
Mon May 7, 2012
Liliana Alfonso answered:
Hi Terry,
I'll be happy to assist you with your search. I've lived and worked in the valley for the last 27 years. The first thing you need to do is to get pre-approved by a lender again. We then can look within your price range, and be ready to put an offer. All the homes between $250-350K are very desirable and many times you have multiple offers situations. Please feel free to call or email me with questions or concerns, or if you prefer we can set up an appointment in person.
Best regards,

Liliana Alfonso
Rodeo Realty
818-414-0396 cell
818-761-7277 fax
DRE # 01759367
... more
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Fri Nov 19, 2010
Brian Fisk answered:
The association is called; "6400 Burnet Villas HOA". I'm having trouble finding contact information but they can be tracked down. My wife and I conduct "Help for Homeowner's Seminars", for homeowners looking for solutions for their mortgage, including loan modification, etc... Please let me know if we can be of assistance! ... more
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Fri Jul 30, 2010
CJ Brasiel answered:
Eddie -

The HUD-1 form will need to be updated to add the new name of assumed second borrower. This "final" HUD will have to be submitted to the approving short sale lender. Assuming the name addition does not change the loan approval, it will most likely not affect the short sale approval.

The short sale letter does not typically have the buyer's name, simply the seller's name and approved short sale amount.

Hope that helps.
... more
0 votes 6 answers Share Flag
Fri Mar 26, 2010
Don Tepper answered:
If you don't need a loan for the rehab, then just use a conventional loan and fund the rehab yourself.

It also possible that Los Angeles has some programs that are applicable. Many cities and counties have such programs to encourage renovation.

Hope that helps.
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Sat Feb 27, 2010
John Barry answered:
Hi Angel,

What particular property are you referring to? The HOA is different for each individual complex, although some HOA companies cover multiple properties. Often the roof repair would be covered, but it depends on the agreement that particular HOA has with the homeowners. Feel free to email me with more info & I will try to get you the contact info of the HOA to help you out.

Have a nice evening..

John Barry
DRE #01856079
Coldwell Banker Residential Brokerage
Cell: 323-810-7976
Web Reference:
... more
0 votes 2 answers Share Flag
Mon Jul 20, 2009
John Barry answered:
Hi Nancy,

Did both you & the sellers initial the liquidated damages clause in the contract? If so, the likely maximum the seller can sue you for would be 3-1/2% of the purchase price - it would state the actual percentage on your contract. The amount the seller can sue you for for breaching the agreement would be capped at that amount.

Hopefully this helps - please email me at if you have any other questions.

Good luck!

John Barry
Coldwell Banker Residential Brokerage
15490 Ventura Blvd.
Sherman Oaks, CA 91403
Cell: 323-810-7976
... more
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