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Brian Simantel's Advice

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  • 47 Contributions
  • 1 Best Answers
  • 8 Helpful

Brian Simantel wrote:

Short Sale San Diego

Answer
Hurry up... and wait.  This long timeframe is unfortunetly typical for most short sale transactions.  Just make sure your agent is communicating with the listing agent.  Communication is key to make sure the file has not been denied and resubmitted (which seems to be the case on the closings that take over 4 months).
January 12 2010
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how long does it take to secure a mortgage from a bank now-a-days?

Answer
I would plan on 30 days +/- 10 days depending on which lender is used and the cooperation of buyer/seller
November 18 2009
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what have other simular homes in this area sold for over the last 12 months?

Answer
If you email me the property details I can run a report for you.
November 17 2009
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Question regarding second.

Answer
This is a question that needs to be answered by a CPA and/or lawyer.  Best of luck to you.
September 02 2009
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What do I do after the offer is accepted?

Response
Depending on the properties condition I usually recommend hiring a professional to do the property inspection.  If that comes back okay, then you can spend money on the appraisal.A good property inspector will tell you every little (and big) thing that is wrong with your potential new home.  From plumbing leaks to the A/C.Best of luck!  Exciting times.
September 01 2009
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What's the deal with HARP refinancing?

Answer
HARP = Homeowner Affordability and Stability PlanThe first thing you need to do is find out if you even qualify.  Your loan must be backed by Fannie Mae or Freddie Mac.  Go to these websites to see if it says your are eligible.Fannie Mae Look-Up  or  http://loanlookup.fanniemae.com/loanlookup/Freddie Mac  or   https://ww3.freddiemac.com/corporate/
August 26 2009
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The BEST of San Diego

Response
Great event; I also recommend checking this out!
August 26 2009
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CACELLATION OF CONTRACT, RELEASE OF DEPOSIT... who handles this?

Answer
Call escrow directly; they should be able to asssit.
August 25 2009
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How can I be sure I'm getting the best rate on my Making Home Affordable Refinance?

Answer
I am happy to see Wells Fargo is helping you out.  As of right now they are your only option as no other lenders are currently accepting loans they did not originally issue.  It appears you are working with their retail division so all quotes you get will be the same...  Your second mortgage has to subordinate behind your new first; this is the trouble that most people are having.  The bank on the 2nd (even if it is the same as the first) seldomly approves the subordination to extremely high cltv's (regardless of what gov. program is being offered).I would try to get a commitment from Wells that they will reimburse you for any out of pocket expenses incurred if their Home Equity Department is the reason this will not go through.Best of luck.  I would take what I could get.
August 25 2009
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