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Financing in Stockton : Real Estate Advice

  • All471
  • Local Info50
  • Home Buying188
  • Home Selling17
  • Market Conditions14

Activity 13
Tue Jul 31, 2012
Gregorio Denny answered:
Wed Feb 22, 2017
answered:
Yes, Imortgage will lend on this property. 1) On our conventional loans we do not have a flipping policy and here are not any investor overlays. 2) Imortgage, unlike other lenders, do not require you to have 6 months or any months of "rental ownership".

Kathryn.vatsula@imortgage.com We will lend in any city in California
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0 votes 9 answers Share Flag
Thu Dec 1, 2011
Dollyde answered:
Mon Aug 29, 2016
answered:
Yes it will

Thierry

Thierry Abel
Senior Loan Consultant
By Referral Only
All California Mortgage
P: (415) 464-8261
C: (415) 378-7508
F: (415) 464-2367
E: tabel@allcalifornia.com
NMLS 304353 - DRE 01380701
... more
0 votes 11 answers Share Flag
Mon Sep 13, 2010
FSBOsuccess answered:
You are kidding right? You can't go out and buy another home and then expect to short sell or have the bank foreclose on your existing home.
0 votes 2 answers Share Flag
Sun Oct 31, 2010
Anubis022 answered:
Yes, they are a rip-off. They have scammed a few people that I know. Your first red flag should be "Real Estate adventures". They can't even use the right terminology!
0 votes 1 answer Share Flag
Mon Apr 19, 2010
Richard Murphy answered:
Have you thought about Owner Financing, Lease with Option to Purchase, you could lock in a price with a Lease w/Option then find a lender with the time of the lease, lets say two years, plus part of the lease money goes into your downpayment. What I would do is find someone that is behind in payments and buy the property Subject-to and make up the back payments and plus a little to the homeowner to give them a fresh start. On a Subject-to deal the Loan stays in their name and it give you time to find a lender, there are ways to finance property but I can't say it here because it will open up everyones opinion about who thinks they know more. I say don't give up because the prize is the house it does not have be from a Realtor, you can buy right from the owner and close at a Title company for cheap. ... more
0 votes 4 answers Share Flag
Mon Apr 19, 2010
Matt Taylor answered:
FHA streamlines do not require a credit score. If your lender is forcing you to use a credit score or an appraisal you should get a second opinion. FHA streamlines do not require either one of these as long as you do not exceed your original loan amount and as long as you do not take any cash out. ... more
0 votes 2 answers Share Flag
Mon Apr 12, 2010
Travis Williams answered:
Mon May 26, 2014
Lew Corcoran answered:
Even though FHA does not impose minimum credit score requirements, most lenders today require that you have a minimum credit score of 620 - even for streamline refinances.
0 votes 7 answers Share Flag
Fri Oct 30, 2009
Rosa Gonzalez answered:
Depends on the house. If appraisal doesn't call for a ton of conditions and you and your agent don't ask for inspections and clearances- it can be relatively simple. But it really depends on the house.
Your agent really needs to know how to represent you and the communication between you, your realtor and your lender have to be strong and consistent.
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0 votes 11 answers Share Flag
Sat Jul 4, 2009
Caroline Khabbaz answered:
We all know that loan modification is a joke,,,, it does nothing to home owner, except lower the monthly payment by couple of hundred dollars... I know from all my clients who had done it. Some even paid a private company $3000 which is a total waste of money...
If you really want the house then go ahead and bite the bullet, if not, just go the short sale route...
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0 votes 9 answers Share Flag
Sat Aug 30, 2008
Dale Sibley answered:
It looks to me that you've done all that is requested from you. Once they get all the updated and current information, you should hear in just a few days. I would discuss your concerns with your lender and if you feel you are not getting the straight scoop, then I would consider checking with another lender. You might want to ask your agent who they recommend. ... more
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