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Elizabeth Weintraub's Advice

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  • 225 Contributions
  • 7 Best Answers
  • 53 Helpful

Elizabeth Weintraub wrote:

who do you contact at wells fargo to purchase a mortgage

Answer
I could say something very funny here but I will refrain. Because if you can't say anything nice about Wells Fargo, it's best to say nothing. Is there a reason why you want to get a mortgage at Wells Fargo? Any number of mortgage loan originators can find you a plethora of lenders with competing interest rates. Not to mention, credit unions are also a good source of mortgage funds.
October 09 2013
(0)

I did a short sale on my home a year and a half ago, both me and my husband have credit scores in th

Answer
Somehow, I think we missed part of your question. You most likely will need to accumulate 10% to 20% down and wait 2 full years to get a good interest rate with a lower FICO score.
September 14 2013
(0)

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

Answer
You might want to put your property address into Google and see how many other places it is listed.
September 12 2013
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How do i get my phone # to show where it has contact an agent

Answer
Try looking at it on your iPad.
August 13 2013
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HomePath home, Fannie Mae still hasn't opened escrow after 4 weeks after accepting fofer

Answer
We can't really advise you on the proper course of action because we're not allowed to interfere in another agent's transaction. Agency relationships determine our reach, and since you're under contract to another agent, we can't really tell you what we think you should do; I'm sorry. We can say that Fannie Mae makes mistakes and Fannie Mae has its share of difficulties, new systems and procedures, political pressure to shut it down and all sorts of other things, and my heart goes out to buyers who are stuck waiting and waiting and waiting, like they are disposable as an empty can of Pepsi.
August 12 2013
(0)

Do I have to be late to short sale my Sacramento home?

Answer
The answer is yes and the answer is no. It's very difficult to go to a lender and say, "Hey, I have a financial hardship and I can no longer afford to make my payments, but here is this month's payment and I intend to make the next payment, too." In fact, some lender's guidelines flat-out state the short sale cannot be approved if the seller is current. Other guidelines might allow borrowers to remain current.If you don't have to be delinquent, there is no really good reason to stop making your payments -- except for the fact that you're throwing good money after bad and none of it is making a dent in any bucket. However, if you are not making your payments, you can begin to save money to pay for first and last month's rent on a rental when you move out. On the other hand, if you are not making your payments, suddenly your net worth is much higher than it would be if you were paying the mortgage. All of that extra money in your bank account could disqualify you.Every situation is unique. You need to speak with a Sacramento short sale agent who has closed 100s of short sales to get the exact answer to your personal situation. Otherwise, everybody is just throwing darts at you.
August 07 2013
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Do I have to be late to short sale my Sacramento home?

Answer
This seems so convenient for you, Justin, that suddenly a question shows up out of the blue and 2 seconds later you are there with the answer. After midnight on a school night, even. You must have super powers.
August 07 2013
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Mortgage Debt Relief Act & future defaults

Response
Yes, it will most likely be renewed as it has every year since its inception in 2007.
August 07 2013
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Will the Sacramento market continue to support the rapid rise in home prices?

Response
Many prospective buyers know all too well the challenges of today's market is an understatement. :) Do you realize that in the entry-level price range of around $200,000, every 1/2 point increase in interest rates knocks a buyer's purchasing power down by $25,000? We've already had a 1% increase over last year in interest rates.
August 06 2013
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Question about Zestimate

Answer
It is almost impossible to rely on a Zestimate for value in East Sacramento. It works fairly well for subdivisions, tract homes in Elk Grove or Natomas, but not for East Sacramento. For accurate home values in East Sacramento, you need to contact an East Sacramento real estate agent.
August 04 2013
(0)
 
 
 
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