You CAN buy a property with the intent of occupying it as your SECOND home in the future. We are one of few lenders that allow that. However, you will be hit with the payment of current residence and the future (second) home. You can't use the rental income without a two-year history as a landlord.
I hope this helps!
jdeblanco@kinecta.org... more
The biggest challenge with a luxury home is trying to determine a value to rebuild the home. Most luxury homes have a lot of customizations and usually will have some unique architecture. A thorough analysis is crucial to insuring the home at the right amount of coverage so the homeowner is able to be made whole again in the event of a loss.
Another challenge home owners face is that SOME companies replacement policies will not rebuild with upgraded features. They will only repair/rebuild the home with standard or contractors grade materials. Read your policy carefully.
The last challenge is the amount of insurance. Again, SOME companies will not write insurance on a home over a certain value, lets say $750,000. If the home will cost $1,500,000 to rebuild, some companies will not want to write the insurance on that home. The challenge is that you have less options when looking for rates to compare.
The good news is that companies that specialize in luxury homes, like Lexington or Fireman's Fund, have policies that are rich with coverages and priced to attract the customer they want to insure.... more
You are not going to find financing on an F-1 visa because you cannot work in the US on that Visa. Foreign National financing may be available but not for someone on a student Visa. If your current lender has a program for you, you should take that offer.... more
Depending on your income contstraints and where you work. YOU can visit my website at www.WOLFREALESTATEGROUP.com and search for areas. I also like the Encinitas area to Leucadia Boulevard. There are some great values there.
Thanks
Robert... more
They can..It's hard to imagine if they've done all the work for sa short sale, but I have seen it done.
The entire short sale transaction is 'subject to" the lender's approval. If the bank levies terms on the sellers that they don't want to comply with, they can walk.
I had this situation about a year ago. I represented the seller, and the bank would only approve a short sale if the seller contributed $35,000 to the table. Both teachers my sellers simply did not have that kind of money...our deal crashed and they foreclosed.
Yup - short sales are tricky buysiness!... more
Don,
Most insurance companies cover cover homeowner's and rental owner's policies but if yours does not, there are many which do. As an owner of a rental property you want to be covered for the usual items, such as floods or other damage, which your homeowner's policy did along with liability coverage for any incidents which may occur in your unit from the tenants, such as falling or their guest falling, tripping, etc. The tenant should also have a renter's policy which covers their personal possessions which you do not have to cover. A good agent is Joe Giamanco and he can be reached at 858/513-0005 or email at jgiamanco@farmersagent.com.
I hope this has helped and should you have other questions, please contact me. I am the Broker/Owner of Chase Pacific Property Management and can be reached at 858/922-3720 or email of chase1947@aol.com.
Thank you,
Cheryl Chase-Berkson
Broker/Owner
Chase Pacific
10636 Scripps Summit Court, #101
San Diego, CA 92131... more
Louise,
I have a process and here it is:
1. You tell me the specifics (location, type of home, bed/bath, garage, etc.)
2. Prepare a search for you and email it to you
3. Based on that email, you drive to the properties by yourself and let me know the ones you want to see
4. I contact the agents/owners to see their homes
5. Submit the application, and get you the home
Hope it works for you, my clients love that I have systems and it works for them and me.
Hector R. Gastelum
Realty Executives Dillon
REALTOR #01382940
hectorgastelum@yahoo.com
619-954-2225
125*142*10754
efax 619-270-2516... more
I think we can help. Visit our site fbs-pm.com to view requirements, take video tours of properties that work for you. You can even start the application process online. If you do end up renting one of our homes you can pay your rent online. The mobile version of our site makes all of this more convenient. I hope this helps. Neil... more
At 50, I'm a transplanted Wisconsonite since 1988, and I love San Diego! San Diego has many unique communities in this big city that all have their own personality. San Diego also has plenty of opportunities for those of our age. Good luck in your adventure. Don't hesitate to contact me.... more
Rancho Bernardo, Rancho Penasquitos, 4S Ranch and Poway are all part of the award winning Poway Unified School District which will give superior opportunities to your daughter.
These areas consistently hold their value because of the highly rated school district.
Rancho Penasquitos is the most inland and has houses available ranging from $400,000 to $1,050,000. The average price is $655,000. You might like the 4 bedroom 3 bath, 1947 sq. ft that is priced around $500,000.
Most homes have little or no HOA or Mello Roos fees.
We don't hear the jets landing or taking off and we typically enjoy temperatures that are 10-15 degrees lower than Scripps Ranch, Poway or Rancho Bernardo. Penasquitos is about a 15 -20 minute commute form MCAS Miramar.
I'd highly recommend you find a Realtor who wants to help you succeed and start looking at houses. The pictures you see online really don't give you a good idea of the home or the neighborhood. The best way to find where you want to live is to start seeing houses.
Contact me today so that we can set-up a buying plan and get you started on finding the best deal.
Thanks
Janet McCarthy
Connect Realty
jmccarthyhomes@gmail.com
www.bestsandiegohomesguide.com
858-243-5719... more
I will email this to you but in case you check this thread before you check your email here's the link to our Encinitas (North San Diego County) beach casita. I left some other information in the email for you and your friend. Please check it out and if you are still interested I would be happy to move the ball a little more down the field.
http://www.trulia.com/rental/3072899375-159-Diana-St-Encinitas-CA-92024... more
"The most important thing a buyer can do is first of all work with a Buyer Broker." As stated by AARP and The Consumer Federation of America, per REALTOR NEWS.
Florida Buyer Broker is one of the only โgenuineโ buyer brokers in all of Southwest Florida. On my informative homepage www.FloridaBuyerBuyer.com you will learn about:
20 Things the Listing Agent Does Not Tell You about Short Sales
Short Sale Fraud
And more...
Beverly Howe, ABR, GRI, TRC Informative homepage: www.floridabuyerbroker.com
Owner โ Broker At Your Service
Email: broker@floridabuyerbroker.com Florida Buyer Broker
Local Direct: 239-601-2013
US and Canada Toll Free: 1-800-283-7393... more
Foreclosure affects everyone. California is a โTrustee Foreclosure Stateโ. The informality of non-judicial foreclosures, futile loan modifications, and the lightning speed of post-foreclosure evictions have created an atmosphere of desperation for the homeowner. Furthermore, the complex legal environment is in flux, plagued with misinformation, and riddled with false silver bullets such as "produce the original Note."
With your sale date fast approaching, it is important for you to know your options:
1) Declare a bankruptcy for the purpose of delaying the sale (or you may to go through with it )
2) File a civil action and get a Temporary Restraining Order.
3) Develop a pro-active foreclosure litigation strategy โ We will provide you with invaluable knowledge and tactics which will turn you into a foreclosure litigating lion who is not afraid to go toe-to-toe with the Bank.
4) Challenge/Subpoena the Trustee โ Trustee Sale Verification
How does the Trustee Sale Process Work? http://www.trulia.com/blog/vic_pillai/2011/12/how_does_the_trustee_sale_process_work
The goal of every foreclosure litigation process is obtaining the greatest benefit for the homeowner. Since less than 5.00% of current homeowners obtain a loan modification (the percentage of any meaningful modification is less than 1.00%), seeking a loan modification is a disservice to the homeowner. The most important and difficult issue is proving the true status of the original obligation ("Note"). The only way you can determine the true status of the Note is through a fundamental understanding, analysis, and application of the securitization process.
Some Key Elements to Consider.
1. Securitization : The Securitization Process and how it works http://lighthouseconsultinggroup.org/commercial/securitization-overview/
2. What did your lender do wrong? http://www.nytimes.com/2010/10/28/business/28victims.html
3. New York Times Article about homeownersโ horror stories, about the endless mistakes made by banks, the meat of the foreclosure crisis, and the story of homeowners fighting back. http://www.creditslips.org/creditslips/2010/11/securitization-fail.html#tp
4. The Big Fail: Why the banks are in a lot of trouble.http://www.dailyfinance.com/story/credit/bank-of-america-mortgage-document-errors-trouble-countrywide/19728402/
5. Countrywideโs Mortgage Document Errors May Doom Bank of America.http://www.bloomberg.com/news/2010-11-30/bofa-mortgage-morass-deepens-after-employee-says-trustee-didn-t-get-notes.html
6. Why wonโt they modify your loan? http://www.nytimes.com/2010/10/25/business/25short.html
What we do:
We analyze the Deed of Trust and all foreclosure documents (Notice of Default, Assignments, Substitution of Trustee, Notice of Sale, and Trust Deed upon Sale to find flaws and weakness in relation to existing laws to postpone your Sale Date. We synthesize multiple disciplines of real estate, banking, commercial law, economics, pre-trial procedure, and the trial process into a step-by-step strategy for success by show you how to take basic securitization and turn it into successful pleading and trial preparation.
We have investigated over 1,500 mortgages to identify aspects, such as: bank fraud, robo-signing, broken chain of title, loan origination fraud, Bifurcation of Note, Dead of Trust, fraudulent declarations and affidavits. Through this process you will learn the tactics behind proven results, the bankโs dirty secrets, and become more aware.
Our Goal at Lighthouse Consulting Group is to empower the homeowner with innovative tools and strategies to navigate through the foreclosure and post-foreclosure process. If you have found any of the above information to be useful, please contact me by phone or email. I will be happy to speak with you about your individual situation.
Vic Pillai
www.lighthouseconsultinggroup.org
vic@lighthouseconsultinggroup.org
1-800-529-2959... more
Hi Chandra, Torrey Highlands is a nice, quite little community, but growing. There are new homes being built. They are in the Poway School District, which a very good district in San Diego. I'll be happy to send you a link to schools if you are interested.
The commute time would be approximately 15 - 20 minutes, depending on the time of the day. State Route 56 has made it easier for the commuters since it was opened in 2005.
I know both Torrey Highlands and Sorrento Valley quite well, and would be happy to help you.
Best regards,
Fay Yates
Sampson California Realty
858-229-5434
fayyates@yahoo.com... more
Hi Rebecca,
I work with Homes for Heroes San Diego. We work regulalry with military. I have worked with numerous banks on VA loans. Many will proudly state that they have no VA overlays, but be cautious, they can be the worst ones. I would love to share my opinions if you have some free time. My info is below.
Jesse G. Salas
DRE#01877872
Homes for Heroes San Diego
Direct: (619) 980-0883... more