Actually......it is outrages: i face #4. The occupant never paid, never had a contract......I'm shocked to find out that such people have ......rights.
I blogged about similar new scam: someone moves in a vacant property, changes keys, and......it is too much pain and $$$ for everyone to kick them out.... more
You all knew the Solar Lease was there so I am surprised it is not in your purchase agreement. If yuu don't want it you should let the Seller know now so they can find another buyer. And/or check with the solar company and make sure your estimates are correct. If the electric cost is similar you may not want to give up the house.... more
Buyer agent's job "description is to get the best you can for your client ( see Accredited Buyer Rep. certificate )
Yes, it will take more hours of work to try to lower the price. However, that's one of the only benefits for a buyer that is waiting a long time to get it approved, is qualified (which is not easy to find), talking the risk of unknown items in the property and paying in attempt to find more information, sometimes, to a few different inspectors.
Salute and respect these buyers. You take the extra mile and you win a "billboard" for a long time.
Olympia, don't rush or be scared, even if you loose this deal. There are many short sales and more coming. Make sure you get the best deal YOU think and check the value (appraiser will approve it) as if you "push" it way under value, you will loose it.
Good Luck and contact me for any question,
Ronit Bendavid,
Specialized in Short Sale & the approved expert by HUD (Housing dept.HAFA and Redfin.com in SFV
Realtor, Certified E-Pro, GRI (Graduated Realtor Institute, national),
ABR (accredited buyer Rep) & SFR (Short sale)
Voted Favorite Realtor by Daily News Readers every year since 2005 and now 2011 too!!!
Pinnacle Estate Properties
Tarzana, CA 91356
Office: 818-330-3333
Fax: 818-274-5910 / 888-220-3434... more
ok I guess im the odd man out here. I used the Kaplan school.They were great.
Neal Grusky
DRE# 01890580
Hpremiere Properties
Real Estate and Financing
10940 Wilshire Blvd. Suite 1600,
LA, CA 90024 | Office:
(800) 652-1768
| Fax: (800) 652-7604
www.hpremiereproperties.com... more
In LA county , the tax is based on 1.25 % of the purchase price of the property. Your yearly cost will be 8750 $. It will be split up into 2 payments.
Neal Grusky
DRE# 01890580
Hpremiere Properties
Real Estate and Financing
10940 Wilshire Blvd. Suite 1600,
LA, CA 90024 | Office:
(800) 652-1768
| Fax: (800) 652-7604
www.hpremiereproperties.com... more
Youll want a well know solid insurance company. Shop around, and if you need a referral Ill be glad to give the # to the agent I use.
Neal Grusky
DRE# 01890580
Hpremiere Properties
Real Estate and Financing
10940 Wilshire Blvd. Suite 1600,
LA, CA 90024 | Office:
(800) 652-1768
| Fax: (800) 652-7604
www.hpremiereproperties.com... more
Only an escrow company can do this. There are many quality ones out there. Be sure to make a good choice on the esrow company you decide to use.
Neal Grusky
DRE# 01890580
Hpremiere Properties
Real Estate and Financing
10940 Wilshire Blvd. Suite 1600,
LA, CA 90024 | Office:
(800) 652-1768
| Fax: (800) 652-7604
www.hpremiereproperties.com... more
Without any long drawn out explanation simply, "no".
Neal Grusky
DRE# 01890580
Hpremiere Properties
Real Estate and Financing
10940 Wilshire Blvd. Suite 1600,
LA, CA 90024 | Office:
(800) 652-1768
| Fax: (800) 652-7604
www.hpremiereproperties.com... more
It is illegal in California for a bank to demand a certain amount of insurance coverage to cover the loan. Insurance is designed to make you whole, not pay off your loan. An insurance policy will repair/replace your home if you experience a loss. The policy will fix your home, not pay off your loan.
With that being said, many banks still try to make demands on how much insurance you can have. They only time they have a valid point is when your insurance limit isn't high enough to make you whole. They need the home to be insured at an amount that will rebuild the home should it burn down to the ground. They don't want home owners to walk away from a loan because there is not enough insurance to rebuild the home and now the bank is left trying to sell a pile of ashes on a lot.
Lastly an HO-6 policy doesn't insure the building. Your insurance is for the everything inside the walls(sometimes that includes the actual wall on the inside) . How much coverage you need depends on the condo association's master policy and what they cover. Call the association and ask them what the master policy doesn't cover and then you will know where to start. A good agent is always a good source for insurance information. Find an agent that you trust and knows how the insurance policy works.... more
Shopping around is always the best way to get the lowest rate on insurance. Don't forget all your discounts to help get that rate as low as possible. You can get discounts for buying your auto, home, life, and business insurance from the same company.... more
You should find out how much coverage you need first. The reason I say that is because on a condo your building is usually covered by a master policy the you pay into with your association dues. The policy will cover the outside of the building and you will have to insure the inside. Call the association and ask them what the master policy doesn't cover and then you buy insurance to cover "the gaps". Most condo policies are anywhere between $150-$400 depending on where the condo is located, the amount of coverage you need, and yourself. The owner of the condo is always part of the consideration when it comes to the price of the insurance. Someone who keeps leaving the fire on the stove and burning dinners will be more than someone who never had a claim. I would love to give you an accurate quote if you are looking to renew your policy at a lower rate.... more
Our company would love to give you a quote and it's free. You should always try several places and compare rates and coverage. Price isn't everything or we would all be driving the Nissan Versa.... more
Olympia, I believe my colleague, Deborah, nailed the answer. While nobody wants to spend money they don't feel they absolutely have to spend, knowledge is power and paying a small amount now could prevent you from a huge monetary hit later. Best of luck to you!
Risa Liebster, Realtorยฎ
Ramsey-Shilling Associates
818.397.9188
RSLiebster@gmail.com
http://www.TolucaLakeRealEstate.net... more
Hey Sam,
With this criteria I can get you into a FHA Loan with 3.5% down and a great rate and get you pre approved in less then 2 days. Then you can refinance in 6 months to a lower rate. Give me a call when you get a chance.
Jovan Simon
Account Manager
In House Lender
714-619-3172... more
Unfortunately, this is not all that uncommon. Buyers have to jump through incredible hoops to get through underwriting.
The best way to describe this is that there are several layers and phases to underwriting approval. The initial approval is a 'pre-approval' where your initial documents are reviewed. Once your lender completes the appraisal, they do an other review, taking all of the property information into account.
It is quite common for them to come back to you and request additional information - they can drag this out as long as they like - honestly. Have patience...this too will come to an end...it's part of today's loan environment.
Good luck.... more