Zillow Advice RSS: Question-Discussion-Guide,Local Topics,CA http://www.zillow.com/advice/CA/local-topics/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate Mortgage Debt Relief Act & future defaults http://www.zillow.com/advice-thread/Mortgage-Debt-Relief-Act-future-defaults/505620/ I would like the thoughts from anyone familiar with this legislation. This legislation expires in 2014 will it be renewed?<br/><br/><br/><br/><p><br/></p><br \><br \>3 replies Wed, 07 Aug 2013 03:49:00 GMT http://www.zillow.com/advice-thread/Mortgage-Debt-Relief-Act-future-defaults/505620/ 2013-08-07T03:49:00Z FLASH FRAUD ALERT http://www.zillow.com/advice-thread/FLASH-FRAUD-ALERT/4399/ Be forewarned that properties from this unincorporated area of Los Angeles County has been subject to one or all of the following: <br/>- mortgage fraud; predatory lending; fraud on the upswing; speculative flipping; straw buying to name a few... continuing on we have on our site a more detailed review of "FIRST PAYMENT NOTICE OF DEFAULTS" Early last year we have been reporting this matter to every related agency to no avail. Our reports to New Century Mortgage, JP Morgan Chase and Deutch Bank/Mortgage have been ignored. Practically perpetrators walking away with ill gotten loans. Half a million dollar transactions for homes that did not even come close. Better yet, listing prices have been borne out of comparables riddled with violations. Matter of fact to have JUMBO LOANS originated in an area where commute to a meager income is some 85 miles one way. Go figure. <br/>To fully amortize a loan of $250,000.00 @7% APR for 360 months at least an annual income of $65,000.00. <br/>Unless loans were given, made or solicited without any intention of repayment then what we have would be what we see now.<br/>Look at Buy Side Realty and see what they sell homes here for. A bonus is also promised to the lucky buyer. They can receive up to 75% of the sellers commission. Cash back at closing? From purchasing an already overcollateralized instrument immediately transferred/serviced then pooled for securitization, sold to investors with promises of high yield in a short term. Blessed with a AAA rating from S&P, Moody's Fitch from N.Y. who have no clue whatsoever or rather dont care about the repercussions down the line as they get their share of the pot from being nothing more than a fortune teller. <br/>So much for housing affordability in the Antelope Valley. Thank you very much for your contribution. Finally when the music stops the game isnt over yet, next would be getting to pin the tail on the donkey. <br/><br/>for public safety and awareness: <br/>http:avenue-s.org and <a rel="nofollow" href="http://avenue-s.us">http://avenue-s.us</a><br \><br \>0 replies Mon, 27 Aug 2007 07:00:00 GMT http://www.zillow.com/advice-thread/FLASH-FRAUD-ALERT/4399/ 2007-08-27T07:00:00Z Are there negative impacts on adjusting the assessed property value? http://www.zillow.com/advice-thread/Are-there-negative-impacts-on-adjusting-the-assessed-property-value/275549/ Hi Thomas,<br/><br/>Appraisers in a residential resale will use the sales comparison method to value your home.&nbsp; In doing so, they'll look at comparable sales in the area and make adjustments for various amenities et cetera and arrive at a comparable value for your home.&nbsp; The tax assessed value should not factor into an appraiser's valuation.&nbsp; The tax assessed value is a matter of record and can be acquired easily, but it doesn't affect your <a href="http://www.zillow.com/mortgage/">mortgage</a> or the appraised value.<br/><br/>I hope this helps.<br/><br/>Jason<br \><br \>0 replies Fri, 04 Sep 2009 19:40:00 GMT http://www.zillow.com/advice-thread/Are-there-negative-impacts-on-adjusting-the-assessed-property-value/275549/ 2009-09-04T19:40:00Z How much lower do you think we'll go? http://www.zillow.com/advice-thread/How-much-lower-do-you-think-we%27ll-go/233892/ Those of us who live thousands of miles from places like California, Arizona and Florida kvetch and moan about how much home values have dropped in Minnesota - then we thank the lord we don't live in California, Arizona and Florida. <br/><br/>Because the <a href="http://www.zillow.com/reports/RealEstateMarketReports.htm">real estate market</a> is so regional and other parts of the country have been affected differently by the double whammy of the imploding housing market and the faltering economy, I am curious as to what agents in the most affected states feel about whether or not we have hit bottom. I think that if there is to be some gauge as to whether we have it bottom, the signs have to come from the most affected states (and cities). <br/><br/>Personally, I think the Minnesota market seems to have at least temporarily stabilized, but I see no guarantees that home values will stay stable due to there being too many variables that can meet to create yet another perfect storm; foreclosures on prime <a href="http://www.zillow.com/mortgage/">mortgages</a>, rising <a href="http://www.zillow.com/Mortgage_Rates/">interest rates</a> and a lack of qualified buyers (as determined by tightfisted lenders).<br/><br/>I welcome what others have to say (free of the NAR hyperbole, of course).<br \><br \>0 replies Tue, 12 May 2009 05:24:00 GMT http://www.zillow.com/advice-thread/How-much-lower-do-you-think-we%27ll-go/233892/ 2009-05-12T05:24:00Z Why does my home have no Zestimate but the neighboring homes do? http://www.zillow.com/advice-thread/Why-does-my-home-have-no-Zestimate-but-the-neighboring-homes-do/278837/ Shelly's answer is spot on, make sure the home has the bedrooms, bathrooms, square footage and lot size.Better yet get local agent to get you a property profile and comparative marketing analysis with trending information. Zestimate is a nice tool Zillow provides, but sometimes they are very inaccurate and should not be relied on if you are planning on selling or refinancing to get cash out or remove mortgage insurance from your current loan.<br \><br \>0 replies Mon, 03 Mar 2014 03:34:00 GMT http://www.zillow.com/advice-thread/Why-does-my-home-have-no-Zestimate-but-the-neighboring-homes-do/278837/ 2014-03-03T03:34:00Z i have signed my named with my mother on a house.how can i take my name off she wants it. http://www.zillow.com/advice-thread/i-have-signed-my-named-with-my-mother-on-a-house-how-can-i-take-my-name-off-she-wants-it/472715/ Hi Patricia, <br/><br/>It is easy if you are only on the deed as you would just need to sign a quitclaim deed, which you would need to have notarized and then recorded with the county. A title/escrow company can assist you with this (no need to use a lawyer in California).&nbsp;<br/><br/>If you are also on the mortgage, then it's more complicated as Tim states below as your mother would need to refinance the loan with only her on it and she would need qualify for that on her own.&nbsp;<br/><br/>Craig Lawler<br \><br \>0 replies Tue, 01 Jan 2013 19:19:00 GMT http://www.zillow.com/advice-thread/i-have-signed-my-named-with-my-mother-on-a-house-how-can-i-take-my-name-off-she-wants-it/472715/ 2013-01-01T19:19:00Z how often are the homes values updated? i.e. propty in Brea,CA says $895K but it values @ $550k? http://www.zillow.com/advice-thread/how-often-are-the-homes-values-updated-i-e-propty-in-Brea-CA-says-895K-but-it-values-550k/183285/ the&nbsp; house is not for sale but i was trying to get a value so i can maybe help the owner do a <a href="http://www.zillow.com/mortgage-glossary/Reverse-Mortgage/">reverse mortgage</a>. thank you for your respsonse<br \><br \>0 replies Sat, 03 Jan 2009 04:03:00 GMT http://www.zillow.com/advice-thread/how-often-are-the-homes-values-updated-i-e-propty-in-Brea-CA-says-895K-but-it-values-550k/183285/ 2009-01-03T04:03:00Z Newest Guildlines for FHA Loans in California? http://www.zillow.com/advice-thread/Newest-Guildlines-for-FHA-Loans-in-California/383255/ <p>You will get a lot better answer from your mortgage company. I would compare rates with at least three. Dont go with the banks if you dont have to.<br/>A mortgage company can write with many different carriers and can usually offer you a better interest rate with less fees. Dont worry about them pulling your credit report because only the first one counts against you for up to three months. Good Luck !! Penny</p><br \><br \>0 replies Fri, 28 Jan 2011 18:09:00 GMT http://www.zillow.com/advice-thread/Newest-Guildlines-for-FHA-Loans-in-California/383255/ 2011-01-28T18:09:00Z how do I contact Zillow by phone? http://www.zillow.com/advice-thread/how-do-I-contact-Zillow-by-phone/184346/ The only phone numbers that I have seen are the ones for Zillow's <a href="http://www.zillow.com/mortgage/">mortgage</a> marketplace and the number for the Zillow advertising department. I have found no corporate number or direct number for customer service. Sorry.<br \><br \>0 replies Wed, 11 Nov 2009 15:58:00 GMT http://www.zillow.com/advice-thread/how-do-I-contact-Zillow-by-phone/184346/ 2009-11-11T15:58:00Z Is NOW a good time to buy in Yorba Linda? http://www.zillow.com/advice-thread/Is-NOW-a-good-time-to-buy-in-Yorba-Linda/364230/ How is your market in Yorba Linda? Do the mortgage costs compare favorably to rents?<br \><br \>0 replies Mon, 30 Aug 2010 14:24:00 GMT http://www.zillow.com/advice-thread/Is-NOW-a-good-time-to-buy-in-Yorba-Linda/364230/ 2010-08-30T14:24:00Z In Pleasanton, what role does age of a house play in it's sale ? http://www.zillow.com/advice-thread/In-Pleasanton-what-role-does-age-of-a-house-play-in-it%27s-sale/283140/ The older the house in comparison to the appraisal comps, the greater will be the negative adjustment the <a href="http://www.zillow.com/directory/real-estate-services-appraisal/">appraiser</a> makes&nbsp;to the comps.&nbsp; If you're selling the house, the&nbsp;loan to value of the new <a href="http://www.zillow.com/mortgage/">mortgage</a> will normally be based on the lesser of the purchase price or appraised value.<br \><br \>0 replies Wed, 30 Dec 2009 03:32:00 GMT http://www.zillow.com/advice-thread/In-Pleasanton-what-role-does-age-of-a-house-play-in-it%27s-sale/283140/ 2009-12-30T03:32:00Z When's the right time to buy in Pasadena? http://www.zillow.com/advice-thread/When%27s-the-right-time-to-buy-in-Pasadena/34624/ <p>This is a question I'm asked by many people.&nbsp; When is the best time to buy?&nbsp; I answer that there are four main things to consider if you want to time the purchase of your home well:&nbsp; Taste, Your Financial Situation, <a href="http://www.beautifulpasadenahomes.com/mortgage_info.asp" rel="nofollow">Mortgage Rates</a>, and Price.&nbsp; You can read the four part post on <a href="http://www.beautifulpasadenahomes.com/blog.asp" rel="nofollow">"When is the best time to buy in Pasadena?"</a> at <a href="http://www.beautifulpasadenahomes.com/blog.asp" rel="nofollow">my Blog</a>, if you want the full answer.&nbsp;</p><p>&nbsp;</p><p>Briefly, there is more to it than price alone.&nbsp; Price isn't even the only financial variable you should consider.&nbsp; Because of financing options and negotiation opportunities there is more to timing than waiting for "rock bottom prices" as the car dealers call it.&nbsp; <a href="http://www.beautifulpasadenahomes.com/blog.asp" rel="nofollow">Read more.</a>..</p><p>&nbsp;</p><p>And if you conclude the timing is right for you, or you'd like some individualized help in answering that question, you can <a href="http://www.beautifulpasadenahomes.com/about-us.asp" rel="nofollow">let us know</a></p><br \><br \>5 replies Wed, 11 Jun 2008 06:35:00 GMT http://www.zillow.com/advice-thread/When%27s-the-right-time-to-buy-in-Pasadena/34624/ 2008-06-11T06:35:00Z Can Fannie Mae sell the same house http://www.zillow.com/advice-thread/Can-Fannie-Mae-sell-the-same-house/394655/ The house I used to own, i bought from Fannie Mae, they inturn suggested i call instamortgage.com the loan immediatly was serviced by PHH Mortgage.&nbsp; The people before me also bought the house from Fannie Mae. and the people before that too. <br/>Isn't this an illegal white collar crime?&nbsp; It's as if Fannie Mae keeps selling the same properties at inflated prices because they're backed by government money and thereby are making a ton of money off of one home sold 3 or 4 times in 10 years.&nbsp;<br \><br \>1 reply Tue, 12 Apr 2011 02:10:00 GMT http://www.zillow.com/advice-thread/Can-Fannie-Mae-sell-the-same-house/394655/ 2011-04-12T02:10:00Z WHAT HAPPENS IF I CANCEL ESCROW? DO I LOSE MY DEPOSIT http://www.zillow.com/advice-thread/WHAT-HAPPENS-IF-I-CANCEL-ESCROW-DO-I-LOSE-MY-DEPOSIT/245354/ Sunnyview's input presents a good summary of your options.&nbsp; There's a good chance as mentioned with the increase in <a href="http://www.zillow.com/Mortgage_Rates/">mortgage rates</a>, that you'll find the 'back door' you're looking for.<br \><br \>0 replies Sat, 13 Jun 2009 21:33:00 GMT http://www.zillow.com/advice-thread/WHAT-HAPPENS-IF-I-CANCEL-ESCROW-DO-I-LOSE-MY-DEPOSIT/245354/ 2009-06-13T21:33:00Z Does a foreclosure effect your credit more than a short sale? http://www.zillow.com/advice-thread/Does-a-foreclosure-effect-your-credit-more-than-a-short-sale/181331/ yes, and it also affects how long you have to wait before you can obtain a mortgage again. 2 years for a short sale vs 4 year for foreclosure.&nbsp;<br \><br \>0 replies Sat, 28 Aug 2010 21:09:00 GMT http://www.zillow.com/advice-thread/Does-a-foreclosure-effect-your-credit-more-than-a-short-sale/181331/ 2010-08-28T21:09:00Z How do I track down the owner of a home? I would like to offer to buy the property. http://www.zillow.com/advice-thread/How-do-I-track-down-the-owner-of-a-home-I-would-like-to-offer-to-buy-the-property/261999/ Best to employ an agent to work up some valuations, and create a purchase strategy that will end in a meaningful exchange. Knowing this such as what is owed on the mortgage, liens etc, may determine the feasibility of the sale occurring at a price that is in line with exceptions.<br/><br/>[Website removed by Zillow moderator. Please see our Good Neighbor Policy for more information.]<br \><br \>0 replies Wed, 13 Jun 2012 00:40:00 GMT http://www.zillow.com/advice-thread/How-do-I-track-down-the-owner-of-a-home-I-would-like-to-offer-to-buy-the-property/261999/ 2012-06-13T00:40:00Z Swapping homes and Forclosure http://www.zillow.com/advice-thread/Swapping-homes-and-Forclosure/253148/ That is called Buy and Bail in the <a href="http://www.zillow.com/mortgage/">mortgage</a> industry and you are not the first person to think of this. &nbsp;It will not work. &nbsp;The <a href="http://www.zillow.com/directory/lenders/">mortgage companies</a> know people are doing this and they won't let you. &nbsp;You will have to have a lot of reserves in the bank to cover the cost of your existing home and the new house you want to buy. &nbsp;They may also want to see a lease, on one of the houses or the other and if you provide a fake lease, that is mortgage fraud.&nbsp;<br/><br/>Your best bet is to talk to your <a href="http://www.zillow.com/directory/lenders/">mortgage company</a> and see if you can work out a short sale. &nbsp;If you really need to move and can not afford your current home. &nbsp;If you can afford your current house they will not give you a short sale. &nbsp;If you are not behind in your payments, for example. &nbsp; If your home has really lost half it's value I don't think they will adjust your mortgage payment. &nbsp;<br/><br/>If you do a short sale you might be able to buy a new place in a few years, after you get your credit score back up. &nbsp;<br \><br \>0 replies Mon, 06 Jul 2009 11:31:00 GMT http://www.zillow.com/advice-thread/Swapping-homes-and-Forclosure/253148/ 2009-07-06T11:31:00Z I bought my house 240 now worth 190 what should I do to lower my interest rate and payment? http://www.zillow.com/advice-thread/I-bought-my-house-240-now-worth-190-what-should-I-do-to-lower-my-interest-rate-and-payment/193682/ I would consider a short sale. If you are going to have to wait years to recoup the money you owe on a <a href="http://www.zillow.com/mortgage/">mortgage</a>, that may be your best bet. In this market, you may be able to get a <a href="http://www.zillow.com/loan-modification/">loan modification</a>, but after the period of lower payments or interest, you would be back under the negative equity again. A short sale will affect your credit negatively for a minimum of 3- 5 years depending on the lender, but that may be your best option. At least with a short sale, you are trying to help the <a href="http://www.zillow.com/directory/lenders/">lender</a> get back the money that you borrowed. It is the most honorable way to go in that way short of just remaining in your house 200K underwater. Look into it, make sure you understand the effects on your credit and see if it will help you move on to a better long term financial picture.<br \><br \>0 replies Thu, 29 Jan 2009 19:57:00 GMT http://www.zillow.com/advice-thread/I-bought-my-house-240-now-worth-190-what-should-I-do-to-lower-my-interest-rate-and-payment/193682/ 2009-01-29T19:57:00Z is oxnard houses selling I have a fixxer upper but ther was several on the same street? http://www.zillow.com/advice-thread/is-oxnard-houses-selling-I-have-a-fixxer-upper-but-ther-was-several-on-the-same-street/350353/ Hello Travis,<br/>The <a rel="nofollow" href="http://www.findoxnardrealestate.com/">Oxnard Real Estate</a> market has been strongly affected by the sub-prime mortgage mess.&nbsp; As such, prices have generally returned to the price points we last saw in early 2002.&nbsp; Zillow offers graphs and charts to study the local market trends.&nbsp; We work with investors and regular home Buyers that are ready-to-go when a new property reaches the market.&nbsp; Basically, inventory levels are quite low and demand (fueled by lower prices and low interest rate) is very high in Oxnard.&nbsp; Good luck in your research -- don't let a home that needs TLC deter you from selling it to the right Buyer.<br \><br \>0 replies Tue, 18 May 2010 18:01:00 GMT http://www.zillow.com/advice-thread/is-oxnard-houses-selling-I-have-a-fixxer-upper-but-ther-was-several-on-the-same-street/350353/ 2010-05-18T18:01:00Z Housing Bust in the AV!!! http://www.zillow.com/advice-thread/Housing-Bust-in-the-AV/181071/ Yes I care . I'm in the ''PRE'' stage. My ajustable rate mortgage went up $1000 to almost 10% !!!!!!!!!! I was not sub prime and did not get a teaser&nbsp; beginning payment. What can I do?<br/><br/>&nbsp;&nbsp;&nbsp; <a href="mailto:fkblair@aol.com" rel="nofollow">fkblair@aol.com</a><br \><br \>0 replies Sun, 28 Dec 2008 06:11:00 GMT http://www.zillow.com/advice-thread/Housing-Bust-in-the-AV/181071/ 2008-12-28T06:11:00Z