Profile picture for Sean Rees

Sean Rees

AgentTeam

12 Recent Sales (last 12 months)

Real Estate Agent, California Department of Real Estate Brokers License (28 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Consulting

Advice

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

Contributions are sorted newest to oldest.

Do you help find homes for people with bad credit no evictions

Best Answer

We advise that you put in the same amount of preparation and organization in applying for lease, that you would put in if you were applying for a new job. 1. Document that you have paid your current landlord on time- 12 months are good 24 months of payment history is better- 2. Show your ability to save... So be willing show your cash reserves for security deposit and monthly bills 3. Third party validation- letter of reccomendation from your current landlord, your employer, clergy, your children's principal, etc. Bottom line- a landlord wants a stable tenant who pays on time and is going to take care of their property- prove to them that you are that ideal tenant. If you had credit issues, be honest and explain what jappened- the landlord is looking to see that the credit issues are behind you. Best of Luck!

  (1)
Do you help find homes for people with bad credit no evictions

Best Answer

We advise that you put in the same amount of preparation and organization in applying for lease, that you would put in if you were applying for a new job. 1. Document that you have paid your current landlord on time- 12 months are good 24 months of payment history is better- 2. Show your ability to save... So be willing show your cash reserves for security deposit and monthly bills 3. Third party validation- letter of reccomendation from your current landlord, your employer, clergy, your children's principal, etc. Bottom line- a landlord wants a stable tenant who pays on time and is going to take care of their property- prove to them that you are that ideal tenant. If you had credit issues, be honest and explain what jappened- the landlord is looking to see that the credit issues are behind you. Best of Luck!

  (0)
Mortgage Rates in light of the economy?

Did anyone else defy the experts and predict a worse-than-expected labor report yesterday? And do you think the subsequent drop in mortgage rates will last (and for how long)?  

  (0)
Buying with cash? is there any advantages?

Response

We are based in Irvine, and purchasing a condo here is definitely a good investment. While cash may make it easier for the seller- as a buyer, you may be better off obtaining financing for a portion of the sales price- and reserve some of your funds for home improvement or repairs. Generally speaking, there are lending programs with local, non conventional lenders that will finance 65% -70% of the purchase, depending on your situation. This may also help you establish credit in the United States.

  (0)
Aprasise higher then short sale

Answer

If your offer was accepted at 90k then the bank can not change the price of the contract. If your offer has not been accepted yet, then the bank can send you a counter offer at any amount they feel is fair.The bank will most likely counter the top offers they received in order to get the highest price possible for the condo, just as any seller would.What your agent is asking you to consider is the difference between your original offer and the current appraised value. Depending on the market you are in there could be a number of buyers trying to purchase that same condo.If this condo is your dream home and there is competition in your market you should consider a higher offer if you can afford it.If there is little to no competition in your market or you are not in love with this condo you may consider waiting to see if they bank counters your original 90k offer.

  (0)
Can a bankruptcy person still buy a house ?

Best Answer

On August 15th, 2013, the U.S. Department of Housing and Urban Development Issued "Notice H 2013-22" which effectively adds what they call an "Economic Event" to the list of examples of extenuating circumstances with which an FHA purchase money mortgage may still be originated.  The "Economic Event" as defined by HUD and FHA requires a good deal of scrutiny to determine eligibility, but in a nutshell, if you can show that your credit was in good shape prior to and just 12 months after your "Economic Event" it is possible a short sale, bankruptcy, deed-in-lieu and even a foreclosure can be considered part of an extenuating circumstance, allowing you to obtain FHA purchase financing.  My farm area is on the opposite coast from where you are located, but I encourage you to locate a lender in your area who understands this new program and can work with you accordingly, and wish you the best of luck!

  (0)
Short sale

Response

If you are in contact with the owner- have them reach our to the lender to start the short sale process- Ther needs to be an agent involved , so find out if your agent can assist.

  (0)