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Elizabeth Weintraub's Advice

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  • 208 Contributions
  • 7 Best Answers
  • 52 Helpful

Elizabeth Weintraub wrote:

HOW DO I CANCEL THE LISTING??????????????

Answer
If you're talking about removing a listing from Zillow, and you put the home on Zillow, just click edit. Then cancel.If you have a listing with a real estate agent, you will need to talk to your agent.
April 12 2013
(0)

SHORT SALE

Response
I have handled many short sales for investors who have done a short sale on multiple properties and kept other properties. You can call me if you like.
April 09 2013
(0)

I submitted a bid to my agent on Friday (03/29/13), who then submitted it to the listing agent on Fr

Answer
Did hear your listing agent voice, perhaps muttering, "Don't you be talking to other agents on Zillow" just before everything went black?
April 02 2013
(0)

Im a Vet, So hard to find a house.

Answer
It's not that the banks don't like the loans, Mark, it's the sellers and their agents who don't like them. And they don't like them because they don't understand them. In the overall scheme thing of things, more FHA buyers have defaulted on loans than VA buyers. I'm sorry things are so rough for you.Just figure that you'll probably have to write 10 times as many offers as an FHA buyer before you get that home, but if you are persistent, you will buy a home. I promise.
March 30 2013
(0)

Im a Vet, So hard to find a house.

Best Answer
The problem it sounds like you are facing is one in which nobody talks about it but it's done across the board. VA loans fall to the bottom of the totem pole when it comes to multiple offers. Many sellers don't understand how VA loans work, and neither do their agents, so they tell sellers not to take VA offers.They think a VA offer means they have to pay a lot of extra expenses, which is not true because I sell a lot of short sales to VA buyers. And believe me, short sale banks barely authorize payment of normal closing costs, much less any extra fees for a VA buyer.It's not fair, and it's not right, and our veterans deserve better treatment.
March 30 2013
(0)

Short Sale Advice

Response
How cool is that? I do not know of any tax advisors who can also give legal advice. Who is it?
March 26 2013
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who can get us a loan fast?

Answer
You might have to go to a hard money lender to get a loan like that. Also, realize that the FICO scores you pull yourself will be different than the scores your lender will get.
March 19 2013
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I just retired and am moving to another state to be near my family. I am buying a new house in SC.

Answer
If the lender in SC says you won't qualify to buy in SC unless you sell your home in Sac, and your Sac home is underwater, you are in a pickle. This is assuming that your lender in SC is correct and that the agent who told you that your home needs to be a short sale is correct, and both could be wrong.Generally speaking, borrowers who have 6 months of reserves for both homes can often qualify to own two homes at the same time, even if one of them is underwater. So, you might want to ask another lender to look at your financial situation and try to preapprove you.You also might want more than opinion of value for your Sac home. Although, I list and sell more short sales than probably anybody in the Sacramento area, I am finding many homes that would have been a short sale last year are now equity sales this year. However, the long and short of it is if you have to short sale in Sac, you can't buy in SC (not in your name anyway). And if you can qualify to buy in SC, you probably will not qualify to short sale in Sac after buying in SC.
March 12 2013
(0)

What is a fair real estate commission if I already have a buyer and negotiated price?

Best Answer
Why don't you offer a net listing so an agent could keep all of the commission or a percentage above and beyond your existing offer? This is a hot market in Sacramento. You might be losing thousands by taking an offer that is not subject to the open marketplace.But if you want to stick with this buyer, then I'd hire a lawyer to review the documents and supply the disclosures.
March 11 2013
(1)

Can a bank back out after accepting the offer on a short sale? I have already spent money on inspect

Answer
The answer, unfortunately, is yes. Because the banks write the rules about short sales. You won't find short sale guidelines in the California Civil Code. What happened?
March 07 2013
(0)