Recent content by zvillegas_IHB

AV - you may want to check out http://www.quicken.com/planning/debt/; it's a free online debt reduction planning website.

This was from Sunday's OC Register. They briefly mention deed in lieu of foreclosures: Short sale: If the lender won't modify the loan to make it affordable, then the owner should ask for a ?short sale,? which is when a lender agrees to accept less than what's owed on the property, which is...

AV - NSR is talking about a "deed in lieu", which is actually better than a foreclosure on your record. If you do short sale the property talk to a RE attorney as well. FYI - certain banks respond better to a short sale if they can "re-capture" the loan.

Has that worked for anybody?

Craigslist, MLS, or FSBO in itself won't sell the property. Ultimately PRICE matters. I agree with WINEX, price below comps to get an interest genenated in your property. If the numbers don't make sense for you though, don't sell yet. Yes, people are still buying. My 72 year old aunt just...

It's advised on a short sale listing agreement addendum that you talk to an attorney or tax consultant regarding tax and credit consequences. The lender may view the shortage as a profit and may tax you on the difference. If you have a second lien holder, they may ask for an unsecured promissory...

I looked at Orchard Hills and fell in love with that place. Didn't realize they don't have 3 bedroom floorplans which I do need. They recommended one on Central Park....Solana? I think? Anyhow checking it out tomorrow. Deposits - you are supposed to get the whole deposit back. There's a...

Do you have to be present for all the "babysitting maintenance"? I hope not. I do like the fact that IAC is very modern and I like all the ammenities. Private owners don't always have all the bells & whistles. My current landlord is a super nice guy. Maintenance isn't handled promptly though...

My husband and I sold our home in Corona in March and decided to lease in Tustin Ranch instead of buy. My husband wants to wait out the market for a couple of years before we do so. Anyhow, we rented private. My lease is up this coming March though and I've been considering moving to Orchard...

Lanser's column should be shut down. I can't stand the guy.

Paperboy the decision is ultimately yours, don't worry about what other people think. Now you have the opportunity to make an informed decision. Do plenty of research and investigate all options. Once you decide on your option, study the backgrounds of professionals in that industry that can...

True....sad though....I see these scenarios in my office everyday. One guy has me doing his short sale which got approved by the bank today. He won't pay for an attorney because he say's he's broke, yet he just came back from a 7 day cruise to Jamaica. Next month he's going to the Bahamas. If...

You'll face larger penalties if you've refinanced on this loan. However, if it's an orginal purchase money loan then your bank is more likely to work with you in negotiating a short sale. If you are considering a short sale, it's imperative that you find a good tax consultant, RE Attorney ( they...

So CalGuy - will you be rining a bell when the market finally bottoms out? "Hey folks, we've reached the bottom! It's time to buy!"

There will always be people that want to buy. People ultimately do what they want to do regardless of what anyone tells them. I don't know what type of realtors most of you are talking to but based on what you're saying, I'd be distrustful too. Actually, a lot of realtors I know tell their...