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Palmdale : Real Estate Advice

  • All338
  • Local Info43
  • Home Buying106
  • Home Selling6
  • Market Conditions13

Activity 155
Tue Jun 29, 2010
Richard Schulman answered:
It's currently a short sale listing, not in foreclosure yet.

Richard Schulman
Keller Williams Realty
0 votes 1 answer Share Flag
Tue Apr 27, 2010
Ruth and Perry Mistry answered:
Palmdale is about 152000 and Winchester is about 2300

Best Regards
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Wed Apr 21, 2010
Kim answered:
is the property at 2139 E ave .Q6 in palmdale ca is in foreclusure
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Fri Apr 16, 2010
Jerry Kussy answered:
It definately makes sense to obtain the 7 year. If it is a 7/1 year ARM, this means your interest rate will stay the same for 7 years then adjust to market conditions every year after that. What this means is even if you do not refinance at the 7th year, your loan will adjust to the market, but with protective "caps" on your rate so it does not shoot up to high. Either way, makes sense to take the lower rate. The money you will save over 7 years will outweigh the downfall of the rate adjusting at 7 years. ... more
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Tue Aug 24, 2010
Christopher Lefebvre answered:
The main difference is that the US government insures FHA loans. Here is a link to more information.
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Fri Mar 26, 2010
Richard Schulman answered:
Extensive experience and knowledge, with a proven track record of success in their chosen field. Many happy, satisfied clients within the chosen field.

That's if we're talking conceptually and not any kind of formal designation some fields of specialization may have.

... more
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Tue May 28, 2013
Christopher Suh answered:
Hi Gloria,
Has your mom contacted the lender to try and modify her loan to maybe try and lower the payments to something more affordable? If this is not an option your best bet may be to try and short sale the property which will have less of an impact on your mother's credit score, compared to a Foreclosure. There are some options which I can go over with you and answer any other questions you or your mother may have.

Feel free to contact me anytime
... more
0 votes 9 answers Share Flag
Thu Mar 25, 2010
Anna M Brocco answered:
Unfortunately a decision only you can make--If you are ready to buy and need to purchase, buy now and be a little more aggressive in bidding--in addition to the tax credit, interest rates are still very good--and who knows where they will be down the road. If you are not in any rush to buy, buy when you are ready. ... more
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Thu Aug 25, 2016
Barbara Q. answered:
Google: hard money 93551
Make some phone calls based on listings provided.
Good Luck!
0 votes 3 answers Share Flag
Thu Feb 18, 2010
Nora Blucher asked:
0 votes 0 Answers Share Flag
Thu Feb 18, 2010
Michele Hunt answered:
Hello Nora, that is an excellent question for a competent tax professional. A real estate professional is only qualified to advise on real estate matters, not tax or legal matters.
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Wed Feb 17, 2010
Monique & Joe Carrabba answered:
Hello Dorian,

The advantage to buying an REO or pre-foreclosure is that you ususally get the home for much less than market value.

Monique Carrabba
The Carrabba Group
Keller Williams Hollywood Hills
(323) 899-2900
... more
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Sun Jan 3, 2010
Angela Johnson-Rhodes answered:
James, I would contact a local Realtor in your area if you want more than just the current record of the person of deed. A Realtor can offer insight to the area and any changes that could affect the vale of the property in question. Or if your county does not provide this information online you can go to the county courthouse. This information is public record and should be easily retrieved. ... more
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Thu Nov 19, 2009
Patrick Thies answered:
If could be 5 to 7 years before they are able to get another mortgage. A foreclosure will stay on their credit report for up to 7 years.
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Mon Nov 10, 2014
Rebecca Chambliss answered:
Not unless you can bring the loan up to date. The other option is the banks sometimes will postpone the auction for a short period of time to allow a short sale to be done. I would suggest you speak with a local Realtor familiar with short sales. ... more
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Tue Nov 17, 2009
Jenny A. Le answered:
30 days before your home went to auction, the bank sent you a Notice of Trustee Sale (NTS). When you received the NTS, did you contact a non-profit housing counselor or hired a lawyer for help?

When is the auction date? Homeowners have up to 5 days before the auction date to redeem (to make a payment, including all late fees, to bring the mortgage account current), then the auction can be stopped. Else, at the point, only a qualifed lawyer "may" be able to help you by delaying the auction for 30-days.

You can contact the following free legal counsel to discuss your case:
... more
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Tue Nov 10, 2009
William Polack answered:
No. The question is why would you put that much down when you don't have to? For every $1000 down, you save about $5. Is it worth it to put more down or to use that money for home repairs, debt payoff, retirement etc? Or how about going through a different program with 20% down and avoiding Mortgage Insurance? ... more
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Wed Nov 4, 2009
Stan Battersby answered:
It would be better for her to do a short sale which will not hurt her credit and bad as a foreclosure
0 votes 7 answers Share Flag
Wed Nov 18, 2009
Candy Havlock answered:
You have other tax consequences but it is not hard. At this time in the market I would buy for cash as many investors are buying up the homes pretty quickly.
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Wed Feb 17, 2010
The Medford Team answered:

It means Contingency - Right of Refusal.
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