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Northridge : Real Estate Advice

  • All74
  • Local Info5
  • Home Buying20
  • Home Selling3
  • Market Conditions0

Activity 47
Tue Feb 24, 2015
Cindy Davis answered:
Yes you can pt a rental on the site...
0 votes 3 answers Share Flag
Mon Nov 12, 2012
Alyssa Fry answered:
Any agent representing EITHER a Buyer or a Seller has a fiduciary responsibility to THEIR CLIENT!! Much as a lawyer represents their client to the fullest - so does a REALTOR®. The agent's role may differ per client /transaction if they have contracted to represent the Seller or the Buyer - but either way the agent TRULY AND 100% are to represent their client. Since you are specifying as a Buyer's agent , you can even sign an Exclusive Buyers Contract with your agent which would bind you to that agent as much as it would bind the agent to you. This process isn't used much anymore primarily because most buyers do not want to commit to one agent but any agent will gladly sign such a contract. So to be as clear as possible - A Buyers Agent or an Exclusive Buyers Agent is bound by their license, the REALTORS® code of ethics and law to represent their client, the Buyer in this case - NOT THE SELLER. The entire purpose of being an agent is to be an impartial legal representative of your client in a legal contract to buy or sell property. ... more
0 votes 5 answers Share Flag
Sun May 17, 2015
Laura Coffey answered:
There are a few agents in California that work strictly with buyers. Most agents work with buyers and sellers but that does not mean they would not be working in your best interest.
Having a fiduciary duty to a seller in a transaction to be fair and not lie should not be construde with an agent not being a shewed negotiator and looking out for your best interest.
The only time I would be worried if I were you is if you bought a house straight from the listing agent.
If you are worried start by using a ABR agent. Go to REBAC.net
Good luck.
... more
0 votes 11 answers Share Flag
Mon Apr 25, 2016
Ron Thomas answered:
This would be like trying to paint a wall with a paint roller in each hand:
Do you think that one Realtor would have access to LISTINGS that the other Realtors do not have?
Do you think that this smacks of LOYALTY on your part?
Would you like to be treated like that?
... more
0 votes 14 answers Share Flag
Tue Nov 13, 2012
Caroline Harabedian answered:
Currently, it is not on the market, from what I can tell, it has been sold. It is a 6-unit apartment building that was last listed for $639,000.
0 votes 1 answer Share Flag
Tue Nov 13, 2012
Dan Tabit answered:
Lorelleg,
Each landlord will set their own criteria as to what they will accept. Many people have had difficulties over the past few years resulting in foreclosures and bankruptcies, but have still found rentals available. You may need to be more flexible in what you will accept, pay or be required for a deposit, but there should be options for you. ... more
0 votes 3 answers Share Flag
Fri May 18, 2012
Susan Jones & Kimberly answered:
I know of a large master bedroom with it's own bath and use of a private kitchen with it's own entrance for $850.00. Is that too high for a college student?
0 votes 1 answer Share Flag
Tue Apr 17, 2012
David Friedman answered:
You need to write a letter to include with the application that makes you out to be a conservative student (engineering or hopefully a conservative major) Who will be in the house with you. Owners are cornered about party situation. Financially do you have a fico score in the 700's plus a big job or a years of rent in the bank, pay 6 months up front is recommended to show benefit of you over family. Apartment may be easier to convince people.

I did get a house for the royal family kids of Saudi Arabia.

Call me and we can discuss further 818 970 7701 e: dave@818myhouse.com
... more
0 votes 2 answers Share Flag
Fri Mar 9, 2012
Glen Etherington answered:
Jason, we are taking in applications for the HARP 2.0 program right no in advance of the programs go live date in 2 weeks
0 votes 4 answers Share Flag
Tue Nov 13, 2012
Sara Mehrpouyan answered:
Alex,

Send me an email smehr818@gmail.com & I will give you the information to a mortgage guy that might be able to give you some options. Sounds like you might have to do a hard money loan with a high interest rate.

Thanks,
Sara Mehrpouyan
Specializing in Short Sale & Foreclosure
Rodeo Realty
Direct 818-903-2040
Dre License #01712757
... more
0 votes 10 answers Share Flag
Mon Feb 8, 2016
Laura Coffey answered:
Definition: Lenders file in the public records where the property is located a public notice called the Notice of Default. In some states, the Notice of Default is also attached to the home, generally on the front window, like a big scarlet letter. It states that the borrower is in default, behind in the mortgage payments, and if the payments are not paid up, the lender will seize the home.
In California, lenders typically do not file a Notice of Default until the borrower is at least 90 days behind in making payments. When a borrower has missed 2 payments and is 60 days behind, at that point many banks send out a 30-day notice of intent, which they are required by law to do before filing a Notice of Default.

Lenders must then wait 90 days. During that 90-day period, the borrower has the right to make up the back payments and reinstate the loan. After 90 days, the lender is required to publish a notice in the newspaper for 20 days and then may sell the property to the highest acceptable bidder on the courthouse steps. If no acceptable bid is received, the trustee then conveys the property to the lender.
... more
0 votes 8 answers Share Flag
Sun Jan 1, 2012
Walter 'Skip' Kersten answered:
Hi Sweet,
I am assuming you used the SSA or Short Sale Addendum when writng the offer. Item 1 A states the contract is contingent upon the seller delivering to buyer the lenders consent. Item 1 C states that seller will deliver to buyer a copy of the lender approval letter within 3 days. Please confirm that you used the SSA.
Good luck,
... more
0 votes 3 answers Share Flag
Thu Jul 28, 2011
Richard Schulman answered:
Hi Debbie,
There are not many good comps in the last few months for your home, however looking back 6 months, there are sales comps of 450K, 450K, 491K, 590K - based on sq ft and radius. Keep in mind there are factors such as condition, exact location, lot size, layout, etc that get factored in too, so for a professional to accurately assess your home's value, they would need see it and know a little more about it. Talk to you agent, and find out how they came up with that price. Also keep in mind homes sell for what they are worth. Even if priced lower, a home may sell for higher. Actually, 2 of those comps above were listed for LOWER than they ended up selling for.
Good luck,
Richard Schulman
Keller Williams Realty
... more
0 votes 4 answers Share Flag
Tue Jul 2, 2013
Melanie Mcshane answered:
The deposit amount is up to the property owner, but for an unfurnished home it may not exceed two months rent. If the home is furnished, then the deposit may not exceed three months rent. To cover additional expenses from potential damage, landlords will sometimes charge an additional amount if you plan to have pets, or a deposit for keys. ... more
0 votes 9 answers Share Flag
Fri Aug 5, 2011
Michael Abram answered:
That's a great question. You may want to consider buying somewhere in the San Fernando Valley. I suggest talking to a realtor to determine the best possible options for your price range. If I can be of assistance in getting you pre-approved, please let me know.

I recommend contacting a fellow real estate agent that I work with. His name is Brandon Douglas and he works in the Coldwell Banker Beverly Hills office and has knowledge of the area. His email is Brandon.Douglas@Coldwellbanker.com and his number is (310) 801-1333.

Michael Abram
First Capital Mortgage
NMLS #235060
Direct: (310) 434-1718
mabram@firstcapitalmtg.com
... more
0 votes 2 answers Share Flag
Wed Jun 22, 2011
Melanie McShane answered:
Hi - did you go through an agent to help you find the home to rent, or have you been talking to the owners directly? If you need assistance in verifying that you are getting into a legitimate transaction, please feel free to contact me. ... more
0 votes 1 answer Share Flag
Tue Apr 17, 2012
David Friedman answered:
I am not showing anything coming up on the mls. for 17608 burton in Northridge. you can call me or email me the parameters of what you are looking for bedroom min, towns, and max price. There is a shortage of rental homes and sometimes bidding wars. I will be happy to help.

cell: 818 970 7701
E: dave@818myhouse.com
... more
0 votes 1 answer Share Flag
Mon Nov 8, 2010
Barry Shapiro answered:
Hello Mehran,
The answer is quite subjective and involves a plethora of factors:
1) How loud is the airplane, jet, etc.
2) What time of day (or night) is it flying overhead
3) What direction is the airplane flying in
4) Are there any natural sound absorbers (mountains, trees, shrubbery, freeways)
5) It the property on a raised foundation or a slab
6) Is the property attached or detached
7) Is there attic insulation, dual-paned windows, etc.
8) How acute is the hearing of the person affected by the sound
9) Are there other sounds masking the jet noise (radio, lawn mower, car engine, train, etc.)
10) Check your local airport and the FAA to obtain more info on this subject.

There are seniors living in Leisure Village, Camarillo who are directly below a flight path, and a large percentage of them never notice the air traffic activity sounds.
... more
0 votes 4 answers Share Flag
Wed Oct 20, 2010
Linda S. Cefalu answered:
In my experience it varies from lender to lender. Some put it in escrow until the end of the year but is retroactive to the date the payment was made. Some apply it upon receipt. Some you have to request in writing.

Call your escrow department of the institution that holds your mortgage and ask them.
... more
0 votes 5 answers Share Flag
Tue Oct 12, 2010
Annette Levinson answered:
You only get a preapproval by a direct lender. Mortgage brokers cannot give a preapproval since they are not using their own money but the money comes from a 3rd party. Most companies don't want to give you a GFE until they have the address of the property (then they have to within 3 business days of speaking with you) because of the potential liability. The loan officer can give you a handwritten good faith estimate so that you know roughly what closing will cost (so you can see if you have enough money for the deal). Rates cost money to the lender, they will not lock in until they have a deal from you and know how many days they need to set aside the money. ... more
0 votes 2 answers Share Flag
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