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All Forum Posts by: Ed Wood

Ed Wood has started 49 posts and replied 290 times.

Post: FHA question - how to finance second deal

Ed WoodPosted
  • Real Estate Broker
  • Orange, CA
  • Posts 380
  • Votes 87

Depends what you wanted to do if you want to buy your next property to move in to and go FHA you'll have to refinance your existing property to conventional. If you want to keep the loan you have on this existing property then buy your next property conventional with MI unless you've got 20% down.

Post: Important information regarding NationStar and auction.com

Ed WoodPosted
  • Real Estate Broker
  • Orange, CA
  • Posts 380
  • Votes 87

Important information regarding NationStar and auction.com

Post: Mortgage apps up 11.9%

Ed WoodPosted
  • Real Estate Broker
  • Orange, CA
  • Posts 380
  • Votes 87

Post: Direct Mail and Vacant Property Research

Ed WoodPosted
  • Real Estate Broker
  • Orange, CA
  • Posts 380
  • Votes 87

ah get to know a agent out there shoot your deals through them and they can easily look that up for you... takes 2 seconds I'd do it for a good customer...

Post: Becoming a RE agent

Ed WoodPosted
  • Real Estate Broker
  • Orange, CA
  • Posts 380
  • Votes 87

1st go here and do your courses http://www.californialicense.com/ they are the least expensive I've found and good online you just need the cheapest package I think it's $99 for all the courses you'll need. If you call they have good customer service and helpful.

2nd after you finish your courses go here http://www.dre.ca.gov/ and fill out your application so you can get your test date.

3rd after your application is approved go here http://www.retrainersca.com/ these guys have THE BEST study courses for your exam they also have apps for your phone for practice test.

Good luck!

Post: How To Offer on MLS Properties

Ed WoodPosted
  • Real Estate Broker
  • Orange, CA
  • Posts 380
  • Votes 87

going by memery here from seeing another post I think Texas does have a 'or assigns' addendum...

Post: Direct Mail and Vacant Property Research

Ed WoodPosted
  • Real Estate Broker
  • Orange, CA
  • Posts 380
  • Votes 87

confusing "vacant" with "absentee owner" because there isn't a vacant property list other than the MLS and seaching occpancy "vacant", "tennent", "owner"...

If you're looking for absentee list you can find those online and doesn't require a real estate licnese.

hope this helps

Post: short sales

Ed WoodPosted
  • Real Estate Broker
  • Orange, CA
  • Posts 380
  • Votes 87

not unless the sellers come out of pocket to pay off the balance. It's only a short sale when you're asking the sellers lender to accept a payoff for less than owed. If the seller comes in with the difference out of pocket it isn't a short sale.