Thanks for your advice. We talked to the Listing agent directly and got the keys to the place. Yes it has been a very interesting experience, and will not be using this agent ever again. I will probably look into complaining to the CA Real Estate Board, becuause I think he went on Vacation without even telling us.
Hi I purchased a Property in San Bernardino County. My Real Estate Agent is not responding to Texts or Calls, I believe he is just ignoring me, He said the sale was not worth all the time and headache. I checked with the Lender and he said the property has been funded, recorded, and disbursed several days ago. But I have no wearabout of my Agent. I believe I still need to do Final Inspection and get the Keys to the property. He may finally turn-up but What can I do, am I allowed to contact the seller directly to finalize and get my Keys?
Hi, I put an offer on an Investment Property in San Bernardino, CA. Not sure if this happens alot, or my Realestate Agent is not very experienced. The propery just went on MLS Friday we checked it out and by Sunday, my Agent called the Sellers agent and he said that no offers were submitted yet. We submitted our offer which was the asking price, 25% Down that Sunday. On Monday my Agent tried to get ahold of the sellers agent, no response, finally he got a hold of him and the Selling Agent was very rude and said We accepted another offer, and hung up. My agent called the next day, and again he said tell your client to move on, we accepted another offer deal with it?. My Agent believes that our offer was not submitted to the seller...and the listing agent is very rude. Is there any legal procedures that listing agents have to adhere too? Thanks.
Thanks for all the input and advice!, I see that I need to do more research. I didnt know about the FHA Streamline, so I will look into it, but Like you folks said the new higher FHA MMI Rates may take away from any savings on the REFI. My House is in Covina, CA. The reason I was thinking of putting the 60G is it would save me $700 a month, $2350 Currently Monthly at 5.375%, New monthly would be $1650. That is a saving of $8448 per year, and in Seven years I get my 60Grand back? and in 29 years (time left on mortgage) my savings would be $244K providing I stay in the house. I will also look into FHA Streamline and see if it lower my monthly, and I could possibly use the 60Grand to buy a second investment property instead.
I have an FHA Loan 5.375 APR (Purchased home in May 2010 for $330K). Currently paying $2350 (Interest, Escrow, PMI) including Property Taxes. I have $60Grand Cash, I was thinking of Refinancing to Conventional loan..I got a quote for $1650 (interest and PMI). My Credit score is 720+. The only Problem my Loan Balance is 320K, but Zillo Estimate for my house is 303K.