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Ventura : Real Estate Advice

  • All167
  • Local Info14
  • Home Buying52
  • Home Selling4
  • Market Conditions11

Activity 75
Wed May 2, 2012
Gregorio Denny answered:
You would need to define "bad." Also, all "bad" credit is not created equally. Some people have low credit scores due to things like medical collections but are still creditworthy. There is no one place that is better or worse, it's your entire credit profile that's important and the circumstances surrounding it. ... more
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Sun May 27, 2012
Ron Thomas answered:
How can we possibly answer a question like that?
Did you actually hear that from someone that you respect?

Good luck and may God bless
0 votes 8 answers Share Flag
Wed Aug 6, 2014
Travis Jones answered:
Hi Andrea! Ventura is a great place to live and raise a family. Ventura is a great place to raise a family, a Mediterranean climate, on the beach and mountain views what's not to like. Boating, Surfing, hiking biking to name a few fun things to do. We're an hour from LA and close to Sana Barbara. Come visit and I can show you guys around town. ... more
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Sat Sep 17, 2011
John Arendsen answered:
I see your question came from the 93003 zip. Is that the area you're interested in?
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Sat May 14, 2016
Ron Thomas answered:
Understand that about half the people in the United States now have bad credit:
If all the Landlords refused all those people, we would have a LOT of homeless people.

Go find a House or Apartment that is owned and managed by a people/person, not a Management Company; make an appointment and talk to them; tell them what happened and what you are doing. Be open and honest: If they won't rent to you, you probably didn't want them as your landlord anyway.

Good luck and may God bless
... more
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Thu Jun 2, 2011
David Stewart answered:
Your question did not link to the condo you are interested in. If it is a foreclosure auction in Ventura County the sale is typically at the north entrance to the court house. You might not know until the day before or the same day if they will have the starting bid below current market value. Should you win the bid you need to pay for it right then with cashiers checks. The other type of auction is when the banks have a home that they already foreclosed on that they want to get rid of. Then the auction rules will be different. Check out as they handle a lot of REO homes. ... more
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Mon May 23, 2011
David Cooper answered:
Why don't you believe your real estate agent? I am sure she wants to make the sale and collect her commission as much as you want to buy the house.

David Cooper! Las Vegas Foreclosure Investor in Bank Owned REOs with Huge Cash Flow. for Freee List email: or Call +1-7024997037 ... more
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Mon Apr 4, 2011
Robert Lee answered:
Ugggg Short sales

Short Sales = Excellent communication and Negotiation skills.

Did I mention patience :)
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Fri Apr 26, 2013
Barry Shapiro answered:
Can this be true? Yes, but only with Fannie Mae HomePath homes that qualify for Fannie Mae’s HomePath financing. Fannie Mae is the largest purchaser of mortgages in the U.S. and in February of 2009 announced special financing to make it more affordable to buy their foreclosures.
When it comes to getting a new conventional loan vs a FHA loan, if you recently had a foreclosure you may have to wait 7 years to get a new standard loan, but still only 3 years to get FHA loan.

Recently Fannie Mae (who controls most of the lending recommendations for standard loans) arrived out with a new guideline where borrowers will have to wait 7 years following the date of a foreclosure sale in purchase to get a new standard loan. This time period can be cut to 5 years if you can document an extenuating circumstance that was the cause for the foreclosure. This change has been made by Fannie Mae due to the number of “strategic defaults” where borrowers who can spend choose to walk away. This also encourages the pursuit of short sales for borrowers who are underwater and can’t sell. Fannie Mae only requires a two year wait following a short sale to acquire a new standard home loan.

FHA still stays only a 3 year wait following the date of a foreclosure sale to acquire a new FHA loan. VA loans are the most lenient with only two years following foreclosure needed to get a VA loan.

This new rule is particularly impactful on investors wanting to get non-occupied investor loans. FHA and VA loans are only for owner occupants. So the ONLY choice for investors to get a home loan is standard financing. And investors are now out of the marketplace for 7 years following a foreclosure on their record.

Right here are some of the most up-to date benefits of standard and FHA loans:


FHA loan down payment is only 3.5% and that can be a gift from a relative, this is lowest down payment accessible of any loan today (outdoors of specialized loans this kind of as VA loans for military and USDA loans for rural properties)
Qualify FHA loan with extremely lenient guidelines…only 620 FHA loan credit score needed and 56.9% financial debt-to-income ratio (standard requirements a 680 credit score score and 45% financial debt ratio)
Optimum FHA loan up to $729,750 in numerous California locations this kind of as Los Angeles, San Diego, San Jose, San Francisco, Santa Barbara and other locations. This would permit you to purchase a house with FHA loan California up to $756,217 with only three.5% down

5% down accessible if you have a 720 credit score score with 41% financial debt-to-income ratio
Conventional loan limits in California up to $729,750
Homepath home loan accessible on Homepath properties with three% down and 10% down for 2nd house purchasers and investors
Homepath financing accessible on Fannie Mae owner condos without any condominium checks. I "Hope" this helps ....
Scott Gilman with Prospect Mortgage knows today's rules for Fannie Mae....
... more
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Sun Aug 17, 2014
Tami Winbury answered:
Listing #11002117
$229,900 (LP)

Price/SqFt: 185.70
1427 Iguana Cir, Ventura, CA 93003 * Active (02/07/11) DOM/CDOM: 15/15
Beds: 3* Baths: 2 (1 0 1 0) (FTHQ)* Sq Ft: 1238* Lot Sz: 1527sqft*
Area: 26 Yr: 1974*

Beautiful, three bedroom, two bathroom Todd Ranch 2 townhome. New stone-like floors, new carpet, and new paint throughout. New tile work in kitchen, and remodeled bathrooms. Built-ins and ceiling fan in master bedroom, walk-in closets, and balcony off of one bedroom. Fenced in patio and outside laundry room. One car, deep garage with room for storage. Great location in the complex, near walking green belts.
Let me know if you would like to view.
... more
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Sat Feb 5, 2011
C2 Financial Loans answered:
That is incorrect it doesn't take longer for a mortgage broker to do a purchase loan. Typically, a mortgage broker can offer a competitive rate since they have wholesale relationships with the lenders and are able to pass the savings on to you. Also, a mortgage banker who has a relationship with correspondent lenders operates in a similar fashion to a mortgage broker. Especially, those associated with bigger firms also get preferred pricing which they pass on to their client. Also, the licensing requirements are much more stringent and encompasses a thorough background check and fingerprints for a mortgage broker and banker as compared to a retail bank loan agent.

Typically, a mortgage broker and banker can often times beat the interest rates and provide a high level of client service as well.
... more
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Thu Feb 3, 2011
Don Maher answered:
Date started
Job title
And are you still employed

That's it
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Mon Apr 4, 2011
Jorge N DeLeon answered:
Mid-Ventura would be a good choice but you sacrifice square footage. Seaward and Foothill/Poli would be a area to consider.
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Wed Dec 29, 2010
Fred Glick answered:
Just get one. I am sure you will be getting a loan that is sold to Fannie Mae or Freddie Mac, so go to a mortgage broker (yes, I am one :) ) that will give you the raw Fannie Mae DO or Freddie Mac LP approval.

That is the best approval you can get. Then, make suer your agent shoves that down the throat of the bank to make them understand that you don't have to keep getting reapproved and have your credit score lowered and have the possibility of then NOT getting the loan.

Good luck,

... more
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Sun Apr 24, 2011
Anna M Brocco answered:
Yes, do acquire a mortgage pre-approval beforehand--also consider working with any local agent of your own--interview a few agents from different realty offices in person, then choose the one you like best--choose your agent with care. ... more
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Sun Jul 31, 2011
Linda Lorenzo answered:
I think the answer is obvious, you need to stay put. Another option would be to contact your lender and see if you are eligible for a loan modification. Here is a link for details:
Best of luck to you.
... more
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Sun Nov 14, 2010
Barry Shapiro answered:
Hi James,
I just returned from showing 5+ acres in Bardsdale, near Fillmore. Here's some possibly suitable parcels, all (12) listed under $200K:
100,000 Ojai Rd 51 0 Santa Paula, 199,000 480 Monte Vista Dr 51 0 Santa Paula, 125,000 3615 N Santa Paula Ojai Rd 51 0 Santa Paula, 179,000 View Dr 51 0 View, 175,000 Greenwood 52 0 Ojai Oaks, 195,000 1101 Saticoy St 52 0 Richmond-Cohn, 108,000 421 Main St 55 0 Downtown, 129,000 461 Foothill Dr 55 0 Fillmore Heights, 159,000 Squaw Flat Rd 55 0 Fillmore, 125,000 Oat Mountain 55 0 Fillmore, 175,000 Camulos 57 0 Piru, 95,000 Piru Canyon Rd 57 0 Piru
I hope this helps to answer your questions. There are a lot of issues that come up with vacant land, such as water access, utilities, grading, surveying, permits, land use, etc... Good luck!
... more
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Tue Oct 12, 2010
Ryan John answered:
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Mon Oct 4, 2010
Barry Shapiro answered:
The Hwy. 1 beach exit off the 101 fwy, just north of Ventura, leads to the Ventura North Beach Front neighborhoods. These ocean-front beach communities include Solimar Beach, Faria Beach, Sea Cliff, Rincon Beach, Mussel Shoals and Rincon Point, The beach communities of Faria Beach and Faria Beach Colony are an awesome location to live. Many of the homes have their main entrance off of Pacific Coast Highway 1. Some of the homes in this community are in a gated section. About 90% of the 120 homes are directly on the sand or water. This section of the Faria Beach community that is gated is complete with common areas and tennis courts. All homes have access to the beach. In the Faria Beach area, low tides can exposes some great sandy beach areas but at high tides some beach areas here are dramatically reduced with the sea water coming up to the sea walls. Average home values for this area range from $1,800,000 to around $3,000,000. Directly next to the Faria Beach community is the Faria Beach County Park, 4350 Pacific Coast Hwy., where you will find a fully equipped 42-space ocean-side campground for families and groups. ... more
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Tue Oct 26, 2010
Heidi Golff answered:
Hello Julie,

I am quite excited for you; moving to Ventura County and embarking on a business adventure are a dream-come-true for anyone! I would like to send you a beautiful relocation package I put together that gives you information on the diverse cities that make up Ventura County. If you email me, I'll be glad to send it to you. There are important, informative, and fun links to each city that will help you make up your mind. Only you know exactly what is important to your family, I glean certain facts from your letter which make me think that Somis or Camarillo would be perfect for you. On the other hand, Ojai can also give you what you seek. Then there is Moorpark, too. Some of what comes into play here is climate. I live in Ventura which is coastal. Recently we had a heat wave. It was 86 in Ventura and 106 in Simi Valley and Ojai. Unless you enjoy extreme heat, I think Camarillo would be perfect for your family. You can still get a significant amount of land with a large house there as well as enjoy excellent schools. Somis is adjacent to Camarillo and is more rural, (but is sophisticated, too). The beach communities are not exactly known for offering acreage with large homes. I am a certified luxury marketing specialist representing estate and finer homes in Ventura County. Please visit my site and give me the pleasure of emailing my relocation package to you. I can email properties to you that you will enjoy looking at. This adventure of yours sounds wonderful. I would love the opportunity to share in the excitement by home shopping with you! ... more
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