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David Rudd

Zillow Local Expert in:

  • 92064

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The All-Star badge is given to top contributors of the Zillow community. These are active Zillow users who share their real estate knowledge and help others by contributing high-quality content. The more and better the contributions, the more likely an award will be granted. Users' contributions can be seen in their profiles.

Premier AgentTeam

47 Recent Sales (last 12 months)

Principal and Real Estate Broker (12 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation

Advice

  • (16 Contributions,
  • 2 Best Answers,
  • 2 Helpful)

Contributions are sorted newest to oldest.

How long after a bankruptcy can I qualify for a mortgage?

Answer

You make an excellent point Go Huskers, but not with the midwestern kindness I grew up with.It does depend on the type of bankruptcy that has been filed.Roughly 60 - 66% of personal bankruptcy filings over the past 4 years have been chapter 7 filing.  It was wrong to assume that you fall into the majority of filers.  According to FHA guidelines:At least two years must have elapsed since the discharge date of the borrower and / or spouse's Chapter 7 Bankruptcy.For a chapter 13 FHA will consider appoving a borrower who is still paying on a Chapter 13 Bankruptcy if those payments have been satisfactorily made and verified for a period of one year.In reality these guidelines are subject to change.  And what is valid today, may be invalid in the future.It is best to speak with your competent lawyer.  If they are good they should be well informed on the spectrum of impact any bankruptcy filing will have on your credit, potential future credit risks, and current credit risks.Credit terms, conditions and requirements are always subject to change.  In reality, you will know the answer to your question when you go apply for a new mortgage.Lets Go HUSKERS!!  Hope they win this Saturday, all the family will be watching in Lincoln.

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How long after a bankruptcy can I qualify for a mortgage?

Answer

Great question!A good portion of mortgage loans in the market are either Fannie Mae Financing or FHA financing.  Both require you to wait a short period of time before you will be able to qualify for a new loan.  Fannie Mae is a 4 year waiting period and only 2 years for FHA.Hope that this helps!

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why do lender charge title fee? Does it necessary for lender to charge?

Answer

Lender's require title policy coverage to insure that they minimize or negate any possible loss due the invalidity of the lien they are placing on your property when you procure a mortgage loan.  They look to make sure that their is a "clean" title and that they will be the correct lien holder and in the correct priority position on the title of you home.I am not aware of a lender that will give you a mortgage without title insurance.Hope this helps

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How long do I have to pay PMI?

Answer

Typically you need to be at a Loan To Value (LTV) ratio of 80% before a lender will consider removing PMI.  It is not an automatic removal once you hit and 80% LTV.  You typically have to request the removal in writing.Lenders are not to hot on the idea of you stoping insurance that covers their risk of lending.  They in some instances make borrowers jump through hoops to get PMI removed.  This can include home inspections, appraisals and/or review of current finances.Step 1.  Contact the lender and ask what their PMI requirements are.Step 2.  Request it to be removed if you are within their guidelinesHope this helps!

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Hi, I'm a landlord. I'm trying to rent my 4br house in Carmel Valley area. Where can I find the best

Answer

Use a Realtor:Typical charge is about 2% to 5% of gross lease or fixed fee as negotiated.  This typically includes: 1.  A market rent analysis2.  The marketing of your rental property3.  Screening of tenant applications4.  Execution of lease contractsUse a management company 8% to 10% of collected rentsThis typically includes the above plus:1.  Coordination of repair maintenance (you still have cost responsibility).2.  Legal notices3.  Ongoing rental managementIf you are emotionally involved with the property use a professional.  If you are a strong minded, contractually sophisticated and are willing to be involved you can do it on your own.The thing to remember is that a professional should remove the emotional decisions for you, and make the best business decision for your situation.  This should give you the best shot at having no bumps down the road.

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how do I register a property for sale on Zillow?

Answer

If you would like to register you home for sale as a for sale by owner use the following link:http://www.zillow.com/for-sale-by-owner/Follow the online instructions and you are ready to start selling.

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Which Realtors in Brevard County, Florida offer a discounted fee or a flat fee

Answer

Discount Real Estate agent's advertise as such.  Looking on the internet may not reveal the "discount" agent's out there.  You can typically find in print advertising, direct mail and signs.Remember that you get what you pay for!  Sometimes this discount means let money and time dedicated to selling your home.  So your research!

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Is it a good time to buy a home for an investment and rent it out, possibly selling it in 5 years?

Answer

Couple of thoughts.New home:  You will have minimal repairs or replacements.No landscape can be a plus.  Landscape can be horrific if you do not include maintenance in the monthly rent.  So you can make the landscape maintenance free.Just make sure that you do your rent analysis.  New developments can be tricky in determining anticipated monthly rent income and vacancy loss.Also fit an finish warranty is typically for the 1st year of ownership.  Without you living in the home you may find that many items that would have been repaired, fixed or replaced by the builder are not brought to your attention until after this warranty has expired.Also make sure you clearly understand the HOA fees if there are any.  Some developments do a subsidized HOA fee with the expectation of the development being sold out.  Understand how this impacts you by reading the fine print.  Some of which is buried in the 300 page CC&R's.

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HOW DO I G E T A ZESTIMATE?? I HAVE BEEN ALL OVER ZILLOWS SITE AND C A N NOT FIND WHERE TO GE

Answer

From the homepage place your address in the search bar.An arial map should appear with a indicator showing your address.  Below you address it should read Zestimate.  Next to the Zestimate should be a numerical number.  This is the Zestimate.If you click on your address in the bubble, a more detailed report will show up.Let me know if this helps!

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I was told this site may help in determining the potential value of my home?

Answer

Great question!It is definitely a start.  Zillow provides some useful and some not so useful information when it comes to values.  As with all calculations based on data that has been reported from multiple sources always know that there is room for error.Also contact your local realtor and set up an appointment to discuss and view your property for a better idea of the homes actual price opinion.Let me know if this helped!

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