Planning on Refinancing your FHA loan?
If you’re watching the interest rates go down for FHA loans… don’t put it off any longer. FHA is making changes on the way they insure loans.
You can use FHA Streamlining with very little cost if you call your lender now. Monthly payments will increase if done after October 4, 2010.
Gloria Bumanglag, GRI
Century 21 Award
Realtor, DRE# 01762609
gloriabb.com
This syndicated columnist answers a question regarding Homeowner associations attempts to decrease rental units in their complex.
FHA and Fannie Mae will only lend on condominiums that have at least a 51% owner occupancy. They must also have less than a 15% delinquency on HOA dues. Without these guidelines, only cash buyers can purchase the properties and therefore bring the value down for these complexes.
http://www.marketwatch.com/story/condo-buildings-move-to-limit-rentals-2010-0...
Gloria Bumanglag, GRI
Century 21 Award
Realtor, DRE# 01762609
Author: Gloria Bumanglag, GRI
When an offer comes in, verify the buyer is indeed qualified.
In Southern California, qualified offers come with
1. Copy of buyers deposit check (known as earnest money deposit).
2. Current statements. Where is the money for down payment and closing costs? Bank account? IRA? 401k? .
3. Letter of pre-approval from buyer’s lender. Is it from a bank or direct lender? A Broker? Type of financing.
Listing agents and their sellers are looking for prequalification letters from the top banks, Wells, B of A etc.
4. Ask questions…Does the loan rep know the buyer personally?
5. Has the lender received complete application, verified income, employment, money? Is the money seasoned? If the loan officer is not cooperating, have the buyer pre qualify with another lender.
6. How does the buyer’s agent know their client. Past client? Referral? Craig’s list contact?
7. Both parties should be filling out a Statement of Identification form to verify information is correct and accurate.
The more information you get, the more secure you will be with this buyer. And please, the buyers should not get the keys before escrow closes.
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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. © Copyright, SoCalMLS®, Copyright, CRISNet Regional MLS®, Copyright, CARETS®  |
Foothill Ranch Overview from Cyberhomes.com
http://www.cyberhomes.com/neighborhoods-foothillranch-ca-92610/698585.aspx
Gloria Bumanglag, GRI
Century 21 Award
Realtor, DRE# 01762609
Author: Gloria Bumanglag, GRI
When my husband and I listed our home to sell, we had just purchased a KitchenAid refrigerator, clothes washer and dryer a year earlier. It was our intention to take the appliances with us to the new house until the buyers wrote it into the contract as part of the purchase price. We were advised by our Realtor that it added value to the home and could possibly have been a deal breaker. Reluctantly, we left the appliances in the contract and in the house.
Before taking your listing agent on the first tour of your home… look around the house to see if there is anything you plan to take with you. Is the dining room chandelier an heirloom handed down from your grandmother? Will you have to take the top of the line dishwasher and the Microwave/Convection oven with you when you move? If the answer is yes, it will be in your best interest to replace the items before pictures go into the MLS (Multiple Listing Service) and websites and showings begin.
You have the option to list it under exclusions in the listing agreement and the MLS, but let me advise you… if you say they can’t have it… they will want it. If that custom framed beveled mirror over the bathroom counter is going to be the deal breaker, you will be kicking yourself the next time you tidy up for another showing or weekend of open house.
So, look around your backyard… if the gardenia plant is sentimental to you because your mom gave it as a house warming gift, put it in a pot before your first showing. Oh and by the way, we bought new appliances to replace the ones we left behind… but it wasn’t as good as the previous models.
For information on selling on buying your next home, contact Gloria Bumanglag, GRI- Realtor for Century 21 Award.
v Access to the 241 Toll Road
https://www.thetollroads.com/home/index.htm
Foothill Ranch was strategically located for immediate access to the toll road.
v A few miles away from Whiting Ranch
http://www.ocparks.com/uploadgraphics/2008_Whiting_Map(1).pdf
v 9 miles away from Irvine Spectrum
http://www.shopirvinespectrumcenter.com/GuestServices.aspx
Shopping, Dining and Entertainment.
v 9miles to Orange County Great Park Balloon & Visitors Center
Sample of events:
v 8 miles to Laguna Hills Mall
http://www.simon.com/mall/?id=235
v 18 miles to Laguna Beach
http://www.lagunabeachinfo.com/
v 15 miles to John Wayne Airport
v 15 miles to The Shops at Mission Viejo
http://www.simon.com/Mall/?id=239
Gloria Bumanglag, GRI
Century 21 Award
Realtor, DRE# 01762609
949.303.9532 (direct)
949.266.0305 (fax)
Schools as found on the Saddleback Valley Unified School district website
http://www.wix.com/emacnevin/foothill/
http://www.svusd.k12.ca.us/schools/rsm/rsm2010/
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Gloria Bumanglag, GRI
Century 21 Award
Realtor, DRE# 01762609
949.303.9532 (direct)
949.266.0305 (fax)
Gloria Bumanglag, GRI
Realtor
949.303.9532
gloriabb.oc@gmail.com
www.gloriabb.com
| Gloria Bumanglag, GRI |
| 3 Rue Monet |
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| Media: 9 | ||||||
| | Rooms | |
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| | Amenities | |
| / | ||||||
| | Interior | |
| | Exterior/Structural | |
| | Lot Description | |
| //15052 | ||||
| | Community/Association | |
| Yes | ||||||
| | Listing Activity | |
| | Contact Information | |
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| MLS#: S631115 - 3 Rue Monet |
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The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. © Copyright, SoCalMLS®, Copyright, CRISNet Regional MLS®, Copyright, CARETS®  |
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