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Orange : Real Estate Advice

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  • Local Info13
  • Home Buying66
  • Home Selling8
  • Market Conditions3

Activity 83
Thu Apr 22, 2010
Richard Schulman answered:
Seeing as how you're in OC, I think you're referring to FastTrak, the toll road? See here for more info:

https://www.thetollroads.com/home/common_why_fastrak.htm

They charge by usage and it's tracked by a device in your car that you register for. ... more
0 votes 1 answer Share Flag
Wed Apr 21, 2010
Emily Knell answered:
I don't have any personal experience with Guild Mortg., but I'd like to refer you to a great website that's a forum for agents around the country, it's a great place to get information on anything short sale, there's also an entire discussion group dedicated to how much Equator is a thorn in our sides, I'm sure you'll like it.

http://www.ShortSaleSuperstars.com just create an account and post your discussion, I think you'll get more responses than here on Trulia.

EmilyKnell1@yahoo.com
562-430-3053 cell
... more
0 votes 2 answers Share Flag
Wed Mar 24, 2010
Don Tepper answered:
If the papers are incorrect, don't sign.

Usually, that's not a significant part of closing. If your name is Jonathan, the alias typically would be "Jon" and maybe (if somewhere misspelled) "John." But it shouldn't say your name is "Robert" or "Mitchell." Your wife might be known as "Mrs. Jon Smith." But not "Jon Smith."

You might receive an answer along the lines of "It really doesn't matter. Just sign." I'd be very, very cautious about doing that.

Check with a real estate lawyer for guidance.
... more
0 votes 4 answers Share Flag
Thu Sep 22, 2011
Jane Grant answered:
The time is now as prices in California are going up. California has always been popular and now that everyone knows there are many foreclosures and that a buyer can buy a home here for half of what they would have spent only a few years ago, we have much competition for the available foreclosures.

The San Diego Area sounds like it would be perfect for you. Easily rented at certain times of the year and also a great college town and also a great place to retire.
... more
0 votes 9 answers Share Flag
Thu Sep 22, 2011
Mahesh Mike Patel answered:
The big question is does the Seller have financial or medical hardships,are they behind on payments. It sounds like if they are willing to buy a house, they may not be in a financial hardship. May be tough to do a short sale, when there are other clients they banks have that have trully hardships and distress situations....but then.... ... more
0 votes 9 answers Share Flag
Tue Feb 23, 2010
Connie Bramble answered:
Hi there,
It is just another term we don't hear much for the standard deed. It very simple means that there is a specific number of years that the loan has to be paid off in. You have a note which show all the particulars about your loan and then a deed of trust securing the note. Very standard.
Connie Bramble
714-337-8718
... more
0 votes 2 answers Share Flag
Sat Jan 16, 2010
Sean Dawes answered:
For tax implications, I would consult an accountant as realtors are not tax specialists.

Let me ask this, can you carry a mortgage plus rent if the tenant walks out on your or you experience vacancy? Do you NEED to move or would moving just be nicer? Reason I ask is this could be risky to rent out if you cant carry both places. Also If you sell for a loss, do you have the $ to bring to the table to close the deal?

If you can carry both places, why not sell for $380,000 and carry the note yourself? Consult a real estate attorney to discuss this but you can use www.bankrate.com to get an ammortization table to show you how much you can make over the life of the loan.


Sean Dawes
... more
0 votes 8 answers Share Flag
Fri Oct 23, 2009
Grace Hanamoto answered:
Hello Sheeba:

To get more information about REO properties currently for sale in your area, contact your local Realtor for assistance. We will gladly provide this information to you for free.

While I am located in Northern Californnia, I do see from the public records (in this case, recorded Notice of Trustee Sale or "NTS" with the County) that there are two homes on E. Indian Hills Road scheduled for Trustee Sale at 700 Civic Center in Santa Ana, CA. The first one at 8702 E. Indian Hills B, which will be sold on 11/2/09 and has an opening bid of $375,777. The second home is located at 8718 E. Indian Hills Road E and is scheduled for sale on 10/22/09 with an opening bid of $260,763. For more information about these two homes and the status of their Trustee Sale, speak directly with the County Recorder.

Good luck!

Sincerely,
Grace Morioka, SRES, e-Pro
Area Pro Realty
San Jose, CA
Sincerely,
Grace Morioka, SRES, e-Pro
Area Pro Realty
... more
0 votes 4 answers Share Flag
Mon Feb 14, 2011
Marlene Prescott answered:
Hi Ned!

I am not entirely clear about what is happening to you but it does not sound good. I have never heard it called a "Trial" period. But, I know of many people who have been advised by their bank to stop making payments to demonstrate "hardship" ... and then they wind up in foreclosure.

As I understand it ... the bank told you to stop making payments but they would report the delinquencies to the three Credit Agencies? But you continued to make the payments ... and they still reported it? Of course, this is not right. This causes terrible damage to your credit score. If you can prove you made the payments, you should contact the Credit Agencies and get the black marks off your credit report!

Do you owe more than you can sell the house for?

Send me an Email with all the details and maybe I can give you some advice or make some suggestions.
I will help if I can.

Marlene Prescott
Prudential CA Realty
714 283-6643
marlenepre@aol.com
... more
0 votes 8 answers Share Flag
Tue Dec 7, 2010
Krystal Lee Whaley answered:
If the owner has not been paying any of the money to the mortgage you should not be paying rent even before it foreclosed FYI.

Now..is it from the bank? They offer a program called cash for keys. It isn't your fault the property foreclosed. They will offer you monies to help you move out and get a new place. So ask them.
If it is from the Owner....then ha ha ha..good try but to apple for him.
... more
0 votes 2 answers Share Flag
Thu Jun 25, 2009
Brad Davidson answered:
Calvin,

If it is your original mortgage for the purchase of your home, it is non recourse and the lender CAN NOT get a deficiency judgement against you. That is the law in California. Even if it's a refi the chance of the lender going for a deficiency judgement is infinitely small as they have to waive their right to a trustee sale and file a lawsuit against you to recover the property. It takes far longer for them to get the property back that way and gives you additional rights of redemption you don't have with a trustee sale.

Hope this clears it up for you.
... more
0 votes 4 answers Share Flag
Fri Jan 18, 2013
Karen Parsons Fiddler answered:
I do have a great lawyer that I've recommended to a number of clients trying to avoid foreclosure...I'd rather not put it out over the internet...shoot me an email, and I'll get that name to you right away.

Karen
... more
0 votes 8 answers Share Flag
Mon May 11, 2009
Brad Davidson answered:
The bank isn't going to allow you to make repairs on a bank owned property prior to the close of escrow (neither would you want to in the even the transaction goes south). On most of the REO's I've sold that have pools, and the pool was empty, closing the deal without the pool being filled and operational has not been an issue. The loan underwriter would be the ultimate decision maker on that issue.

$12,000 to $15,000 will go a long way for pool repairs but you should call a licensed contractor for a better answer. You are going to have an inspection period if your offer is accepted and you'll have time to walk away from the deal if you find the pool repair costs are prohibitive.

Call me if you need help with your offer and inspection. I rebate part of my commission on every transaction and you could save several thousand dollars.

Brad Davidson
714-961-8442
Real Estate Commission Rebates @ www.wehelpubuy.com
... more
0 votes 4 answers Share Flag
Fri Mar 28, 2014
Maryann Hardwick answered:
Its a short sale and they do currently have an offer, waiting for bank approval.
0 votes 7 answers Share Flag
Mon Jan 31, 2011
Dallas Texas answered:
I do consulting across the country with many property owners in this situation. I have also provide tips on how work with the bank. You could have several options made available to you.

CONTACT OUR OFFICE TODAY
972-699-9111
Lynn911
~ National Featured Realtor and Consultant, Lecturer regarding Credit Repair, Mortgage Loan Officer
... more
0 votes 14 answers Share Flag
Mon May 22, 2017
Thom Colby answered:
Each state has it's own laws governing such things. You would need to check with the state where you want to practice. Some states are similar to our own State of California and does not allow for collecting fees in advance.

Best of luck,

Thom Colby
Broker, Salesperson, & REALTOR
California and Texas
... more
0 votes 19 answers Share Flag
Mon Mar 2, 2009
Karen Parsons Fiddler answered:
Hi Jason,

That sounds like fun! I love the idea of a loft! I've been working with someone looking for the same thing in Orange. You are right about the traffic, it's better going that direction. Of course, all traffic is tough around here.

Definately renting is going to be cheaper....but there are good reasons to buy too. Why don't you send me your criteria..shoot me an email....and I can send you some listings to get started with.

Karen
... more
0 votes 5 answers Share Flag
Sun Jan 22, 2012
Dallas Texas answered:
State YOUR SON made decision work with another realtor, since you son is over age of 21 he makes his own decision TRUST me if we had any buyer qualified with $$$$$$ they would be closed living in their home months ago. Agent does not care ... more
0 votes 17 answers Share Flag
Mon Nov 4, 2013
Maryann Hardwick answered:
Escrow has not closed yet, it should not be too much longer. Escrow opened 11/17/2008, it was listed at 539,900.
0 votes 8 answers Share Flag
Sat Jan 3, 2009
Naimahgolden27@comcast.net asked:
--This question is about this property: http://www.trulia.com/homes/New_Jersey/Orange/sold/1068731-5-Russ-Monica-Ct-Orange-NJ-07050
0 votes 0 Answers Share Flag
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