The realtors like to make sure everything is in line regarding the pre-approval, as well as to see if any specific details need to be addressed such as property condition (depending on your down payment and loan type), closing cost credits, and such.... more
The Davis, California housing inventory is very low. We are seeing multiple offers on those homes that price their home correctly. That's even with prices double that of most other parts of the region.... more
I'm not sure what nationality you are, but I had just closed a transaction with a Chinese national. She paid cash for her home. The bigger challenge was in some of the other factors surrounding the home: setting up accounts for the utilities, buying furnishings for the home, a car, etc.
There are some international banks that can transfer your monies from one currency to another, but some countries also limit the amount of funds that can be transferred from their country to US dollars within a specific year. All of that needs to be accounted for as well.
Your ITIN number helps but that does not guarantee a visa, or long term right to stay in the country. So there are additional questions to ask related to obtaining some form of visa. Yes you can own property in the US but you may not be able to live in it long term without proper visa status.... more
I had some clients with the best credit and cash on hand you could imagine. I successfully short sale'd their home (way underwater) and then they tried to buy as quickly as possible. No matter how many lenders they talked to, it was impossible. The two year minimum I told them about was impossible for them to overcome. So, I'd talk to a lender right away after the 2 year mark is over, even now they could give you good suggestions on how to improve your credit. (However, there is one lender who answered this question that thinks he can do it in one year - that'd be the first time I'd heard of that.)... more
I purchased a List of National REO Asset Management Companies list from http://estator.co/store/store.aspx this list has approximate 100 contacts of REO companies I followed the instructions of how to contact and submit my information and I did.
After almost 7 months I got response from two companies that requested additional information and they start to assign Assets
Broker in Downey California -the most competitive are for Real Estate Agents
Web Reference: http://estator.co/store/store.aspx... more
I would start by calling Bank of America on Monday. It is not unusual for loans to be sold. If your loan was sold after it was transferred to Countrywide (those loans now with BofA) then BofA should be able to direct you to the next servicer. Hopefully it will only take one call!... more
Frankly, I wouldn't use a RE agent at all and I are one. Unless they specialize in MH's. I'd be more inclined to use a Manufactured Home Dealer/sales person. You will probably save on the commission and will be working with someone who truly understands MH's.
Now if you select a RE professional who also has a MH sales license and understands all the nuances that relate to the MH industry that's a different story. Or if you're in an MH condo conversion where you own the dirt or air space as well that's a different story. Then you would have to use a licensed RE professional.
Check out our websites for more info. We'd be happy to direct you to a qualified MH professional in our area at no charge.
www.tagrealestatesales.com
www.onthelevelcontractors.com... more
You can check out www.crimereports.com for research on what types of crimes have been committed and where. You can also check out www.meganslaw.ca.gov specifically to find out where sex offenders are staying. This is not something that a broker is able to give advice on.... more
There are many factors involved in obtaining a home loan, but the basics of what you mention are an excellent foundation to get you going. I recommend getting together with a lender or bank that can go over the details with you, and make sure all of the other factors are in place as well.
If you have questions or would like to take a look at your options, feel free to contact me.... more
As the others say, yes.
Rationally and logically, Kevin, Gina, Ute, and a few of the others are correct that it might not be in the HOA's best intererest. However, also read Justanotherinvestor's comment.
I personally have seen condo associations foreclose on properties out of sheer spite. Or maybe not totally for that reason, but they wanted to teach the condo owner a lesson and wanted to send a message out to other condo owners. HOAs have developed a reputation--not totally undeserved--for sometimes being petty, vindictive, and stubborn. Some HOAs are well-run; others aren't. Some have reasonable, rational folks in positions of power; others don't.
So your situation is more than a theoretical: "Well, yes, technically they could but in the real world it'll never happen."
Definitely check with a lawyer on how to protect yourself.
Hope that helps.... more
Call the number of the Trustee on the Notice of Trustee's Sale - It is typically a recorded message - enter the TS number when prompted and you should get the info -
The HOA is "subject to" the first not responsible for the first trust deed. The HOA is in the unique position of owning a home with a mortgage that it is not "responsible" to pay. They can simply rent the property until the first forecloses or they can sell the ownership rights on a site like trionx.com to an investor that can deal or negotiate with the first mortgage. HOA's are non profit entities that are created to pay the Common expenses of the community. Most HOA's are only interested in getting the account current and will sell you the home back for the past due amount that you owe. You are in the position now of being responsible for a loan on a home you no longer own. A Bad deal no doubt but where you are all the same. If you want to maintain your good credit rating you will need to pay the payments because it is not likely that the HOA will make the mortgage payments. It would be taking on a debt as a non profit charged with paying the common expenses. Call Them & Buy It Back!... more
Chris,
I would recommend you contact the Center for Sacramento History. www.cityofsacramento.org/ccl/history. Formley known at the City Archives they have lots of old photos, newspaper articles, etc of the City and you can do a search based on your address.
If you want to email me directly at sacramentohomes@gmail.com with your address I can do a search for you.
Good luck!
K.... more
When you are looking at the rental page for the property, click on the Contact Property button just below the photos and you will either be able to email them or see the property managers phone # to call and ask any question.
Trulia also has a filter that you can search rental properties that allow pets, on the Trulia home page at the top is the new search box, click For Rent, enter city, price range and yes for pets.... more
Hi Lore83,
I think you are right there. BK over 2 years with good reestablished credit and a 640+ Fico should get you an FHA loan today in the neighborhood of 3.75% if you are paying your closing costs. If you do not want to pay closing costs you can elect for a 4.25% for example which will give you a 2.5% or so lender credit that can be applied to your closing costs.
Couple this with the fact that you are a first time homebuyer (if you have not owned property in the past three years) and you can get down payment assistance for your down payment covered with exception of 1/2% by utilizing the CHDAP program with the FHA.
It is a great deal and I would love to help you with this. Please feel free to contact me at 916-813-4003 or email me and we can set a time to discuss. You are so close. It is worth a try!... more
Buying a bank owned property can be challenging. You need an efficient and on task. The market changes constantly, you must be on top on listing changes daily. Call us for more advise.