Broker/Owner, California Broker license, California Corporate license (29 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Foreclosure,
Short-Sale

Advice

  • (9 Contributions,
  • 2 Best Answers,
  • 0 Helpful)

Contributions are sorted newest to oldest.

Purchasing the rental house directly from the current homeowners

Answer

The security deposit and pet deposit should be written into your purchase agreement as a credit to you. You don't say who wrote the purchase contract and also whether the security deposits were paid by the management company to the landlord/seller a few years ago? If that was not addressed up front in the purchase  contract  I suggest you ask for that to be included in the escrow instructions as a credit to you. It's very important to do this right and have a CAR  purchase contract written by a California licensed Realtor, full  escrow services and instructions, Title insurance, Termite inspection  etc. Protect yourself the same way you would if you were buying any property- not just a home you've been renting. It's important to not take any short cuts - they could hurt you in the future and it's worth having a Realtor represent you to take care of your best interests correctly.

  (0)
Purchasing the rental house directly from the current homeowners

Answer

The security deposit and pet deposit should be written into your purchase agreement as a credit to you. You don't say who wrote the purchase contract and also whether the security deposits were paid by the management company to the landlord/seller a few years ago? If that was not addressed up front in the purchase  contract  I suggest you ask for that to be included in the escrow instructions as a credit to you. It's very important to do this right and have a CAR  purchase contract written by a California licensed Realtor, full  escrow services and instructions, Title insurance, Termite inspection  etc. Protect yourself the same way you would if you were buying any property- not just a home you've been renting. It's important to not take any short cuts - they could hurt you in the future and it's worth having a Realtor represent you to take care of your best interests correctly.

  (0)
Need a lender, own a home 100% with fico scores of 700 average, but also have a foreclosure

Answer

If you have a FICO score of 700 mid score it must have been some time since you had a foreclosure, but anyone trying to advise you would need to know how long ago and more info. about what you're trying to do. If you own a home outright but want to take some cash out, any lender would need to know more about your credit history before making any promises.- or recommending any loan type. I'll be happy to point you  in the right direction to a very reliable and knowledgeable local loan officer to help you if you wish.

  (0)
Can someone give me more information on property 4378 charlton ave hemet

Best Answer

The MLS is the multiple listing service. That's where a property is listed publically for sale by a Realtor. The current owners may not want to sell it at all. You'll have to wait until they decide they want to sell and at that time it will most likely be entered in the MLS.

  (0)
Can someone give me a little info on 43105 San Marcos Pl, Hemet, CA?

Answer

A notice of default by Mellon Bank, NY.  was recorded March 22, 2012, and a notice of Trustees Sale was recorded November 27, 2012, with an auction sale date of 12/19/12. It is still showing ownership in the name of the previous owner so it appears that it did not actually go to Trustee's Sale yet. At this time there is no active listing in the MLS. so it is presently unavailable for sale.

  (0)
Keep or let home go in Hemet, Ca

Best Answer

I'm a local Hemet area broker. Values in this area are rising dramatically, too fast in fact. Your HELOC with Wells Fargo will have to paid off or they'll keep coming after you for re-payment. I'm assuming the First Trust Deed is the one held by the previous owner who sold to you? As you have such good credit it would be a shame to ruin that. My suggestion is to re-evaluate the property value today - we are terribly short of inventory and maybe the current value is higher than you think. I have recently sold homes where the buyer waives the appraisal value and comes in with cash to the appraisal value. This is the only way I can get an offer accepted in this tough narket because of the low inventory and multiple offers on just about every listing.There are lots of good buyers looking for homes either as owner occupied or as investors. My advice - don't give up and it's worth finding out the current market value of the property and listing the house higher than that and disclosing that you are aware this is above market value and see how many offers you receive that may get you out of this problem without ruining your credit- letting it go in foreclosure or doing a short sale.

  (0)
What's my home worth?

Answer

I am a local real estate broker and work in the Hemet area. If you email me your address I can send you recent sold comparables from the MLS  in your immediate neighborhood.

  (0)
how I can be register for the action for January 24 in Ontario???.

Answer

Are you referring to the upcoming www.auction.com auction for Riverside County & San Bernardino County bank owned homes on Jan. 24th. I suggest you search the above web site for all their info. on how to register online and for the list of homes that will be included in the sale. They will be having several that are currently occupied and those are not able to be viewed before the sale date. The buyers of an occupied home assumes the responsibilty of the current occupants. You will need a certified check made payable to yourself when you attend the auction, or you can bid online and they use a credit card for the deposit amount.

  (0)