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Financing in Rancho Cucamonga : Real Estate Advice

  • All348
  • Local Info20
  • Home Buying127
  • Home Selling15
  • Market Conditions16

Activity 9
Mon Feb 6, 2012
Ron Thomas answered:
Your story is similar to many, many others that ended up in foreclosure recently.

The answer is; you probably cannot.

Good luck and may God bless
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Mon Mar 20, 2017
Tina Lam answered:
What is F/C? Loans like that are rare now. Only if you have a very significant asset base will any lender consider such a loan.
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Thu Apr 14, 2011
Carl Henker answered:
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Wed Mar 9, 2011
Thierry Abel answered:

No we do not count the daycare payment as part of your debt.

Debt to Income Ratio Guideline calls for 43%. May be exceeded up to a maximum of 55%

Minimum credit score: 640

For a free analysis feel free to call or email.


Thierry Abel
Senior Loan Consultant
By Referral Only
All California Mortgage, Inc
P: (415) 464-8261
C: (415) 378-7508
F: (415) 464-2367
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Tue Oct 5, 2010
Suzanne MacDowell answered:
Banks don't 'buy' homes, they foreclose on them. There is a big difference. And, while you may be able to buy a bank owned property in California, the process is not much different than buying a home from anyone else.

What you may want to consider, however, is doing a 'short sale' on your Wisconsin home. Your credit rating will probably take a hit, but I have heard that, if your payments are kept current, you may be able to buy a home right away after selling your current home 'short ' under some very narrow circumstances.

I would recommend strongly that you talk to a realtor who has the SFR designation (certified as a short sale and foreclosure resource), a mortgage specialist, and perhaps even a lawyer.

Best of luck to you!
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Mon Mar 7, 2011
Nicholas answered:
you could back out whenever you want to, you don't have to finish the refinance with the original company. Your appraisal fee or application fee etc. will probably be forfeit though. ... more
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Sat May 18, 2013
Ron Hall answered:
You can amend your returns and claim less deductions but that is going to create a potential tax liability as well as other potential issues that need to be covered in depth between you and your accountant.
The problem you are dealing with is widespread to say the least, No matter what though you are going to have to prove that you qualify for that loan.

You can try contacting and they may have some suggestions, but the truth is short of amended returns showing a higher adjusted gross income. You wont get a permanent modification
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Thu Jul 9, 2015
C2 Financial Loans answered:
You shouldn't have any problems getting a hard money loan. Feel free to contact me if you need any assistance. I work with clients all over California.
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Mon Aug 31, 2009
Robert Hyder answered:

I wouldn't think there's a limited inventory of homes, especially with current market conditions. Unfortunately, there are a wide variety of homes on the market due to foreclosures. In addition, home prices are incredibly low, as are current mortgage rates, so sellers are more likely to be flexible with their asking prices than ever before.

If there is any pressure to buy now, I would tend to think first-time homebuyers should act swiftly before the $8,000 tax credit expires on Monday, November 30, 2009. Once that dates arrives, the tax credit will be gone.

Total Mortgage Services
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