Foreclosure in 91401 : Real Estate Advice

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Annette  Law…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence answered:
I need some advice. Have a bad buying agent. He's constantly insulting me and making rude comment when we go and see a foreclosure.
Take note.
Placed in the question is the statement 'secured loan amount of $100,000. The subject property to be purchased is $40,000.
If a buyer approached you and stated, "I'm qu ... more
0 votes Share Flag Wed Jan 22, 2014 Foreclosure in 91401
Robert McGui…, Real Estate Pro in Denver, CO
Robert McGuire answered:
In the case of a foreclosure how can I find out the amount the bank is owed to help me determine a fair offer that Bank will accept?

You may feel frustrated by the answers below, but they are good answers. The bank is not pick up the balance they are owed. They will be looking for Fair Market Value even if ... more
0 votes Share Flag Sat Sep 22, 2012 Foreclosure in 91401
Blair Thomps…, Real Estate Pro in Sherman Oaks, CA
Blair Thompson answered:
If i have already found a home I am interested in & requested a showing from listing agent is it worthwhile to still hire a buyer's agent?
It is possible to gain some advantage by using the listing agent. Either in the form of a commission reduction or sometimes if the agent is good you may get a difficult deal closed tha ... more
0 votes Share Flag Thu May 31, 2012 Foreclosure in 91401
Sara Mehrpou…, Real Estate Pro in Los Angeles, CA
Sara Mehrpouyan answered:
In the case a short sale pending bank approval how often should buyer's agent be checking in with listing agent/bank?
The buyer's agent can check in about once a week because unfortunately, they have no control over the short sale negotiations with the Seller's lender. They can however, keep ... more
0 votes Share Flag Tue Mar 6, 2012 Foreclosure in 91401
Diane Wheatl…, Real Estate Pro in Upland, CA
Diane Wheatley answered:
Would a listing agent stand to lose if a buyer's agent is involved?
Dear Lga,

A property listed for sale will offer a commission to the listing agent if an acceptable offer to purchase results in a successfully closed escrow transaction. The commiss ... more
0 votes Share Flag Sun Jan 1, 2012 Foreclosure in 91401
Grace Mitnick, Real Estate Pro in Sherman Oaks, CA
Grace Mitnick answered:
How long do banks usually take to accept or counter an offer on a foreclosure?
Happy New Year
The banks tend to take longer to respond then a regular sale, can be from 2 days to a week. Other factors are how many offers, how long on the market and how many proper ... more
1 vote Share Flag Thu Dec 29, 2011 Foreclosure in 91401
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