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Home Buying in Redlands : Real Estate Advice

  • All91
  • Local Info7
  • Home Buying29
  • Home Selling4
  • Market Conditions6

Activity 25
Thu Sep 10, 2009
Amy Steele answered:
The seller's can't back out. They don't have a right to back out of the property. If the house doesn't appraise, it is then negotiated to lower the price of the home to appraised value, you bring in the extra cash to make up the difference, or you can cancel. You can also try to have an appraisal review if there are in fact supporting comps that support your purchase price.
As far as getting back your fees, those are the costs of purchasing a home, and they are non refundable as far as I've experienced. Again, I would try an appraisal review first before cancelling the escrow.
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Wed Aug 12, 2009
Celine F answered:
Hi Samlani,

I am not a mortgage broker or service provider. I am a private real estate investor who buys homes from distressed sellers and re-sell them to credit challenged buyers through our private financing. The financing is to be used to purchase properties within our inventory, and not others because we are not lenders.

Our program requirements are 560 FICO, 5% down payment, and up to 50% debt to income ratio. They are 30 yr fix rate loans. Pre-approval takes approx 1 to 1.5 weeks. If you qualify but don't see anything match your preference in our inventory, I am willing to find a match for you but I don't prevent you from working with other mortgage brokers. We also welcome and pay realtors if you are working with one.

Our homes are usually purchased from sellers who are in pre-foreclosure, so that we can help prevent the foreclosure and get the property at better condition than most bank-owned and vacant homes. They could be in any area, luxury or median priced homes.

Our interest rates on the private loans may be slightly higher than market rate, however, you might get the property at a discount so that your payments could balance out and still be affordable. Or if you can not qualify else where, you can still have a home of your own and enjoy the fix payments and private space.

If you would like more info, please feel free to contact me.


Celine Fang
Real Estate Solutions Specialist
Immi-Nest, LLC -- Immigrate to Your Nest
PO Box 1447, Harvey, LA 70059
504-723-9269 ( C )
504-617-7007 ( F )
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Sat Nov 17, 2012
JIM BALLARD answered:
Currently FHA will allow you to get financing 2 years after discharge. However, if you have a foreclosure, you will need to wait 3 years. I can get you hard money loans the day after a discharge, but they are very expensive. ... more
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Mon Dec 31, 2012
Michael Barron answered:
Hi there Gabe. I have a full report with all Questions and answers about this bill and program and how it works. Drop me an e-mail directly or call me (714) 552-6817 and I will send it to you.

Hope this helps
Kind Regards
Michael Barron
First Team Real Estate
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Sat Dec 20, 2008
Eric H. Wong answered:
If the easment issue is a new discovery that has just been disclosed to you, you havew 3 days after the new disclosure to get out of the contract.
Any new, material disclosure or discovery that was not found ofr disclosed to you previously starts the 3 day clock running. Be sure that these is a big enough discovery to make you want to get out of contract. It could be a way to renegotiate the price, if it is a property you really want. ... more
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