Property Q&A in Napa>Question Details

Missysaharon, Renter in Napa, CA

How big is the lot? Does it have to be a "cash only" purchase?

Asked by Missysaharon, Napa, CA Fri Feb 1, 2013

This question was asked from this property:…

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Charlie Laughlin’s answer
There is no property matching this description available for sale at this time.. The Trulia information merely says that the property has been foreclosed on and is now the property of the Lender,,, the Bank... and given that the property is not on the listing service would seem to indicate that the Bank is not yet ready to sell.
And generally speaking when the property does come up for sale, the sale price will not be the foreclosure price... the number in the Trulia ad ... Also it would not likely have to be an all cash purchase for the next Buyer..
Charlie Laughlin
0 votes Thank Flag Link Fri Feb 1, 2013
Hello Missysaharon, no it not an auction only but this is not available for purchase as it appears that is just foreclosed. It may be available in the near future but most likely not at that price.

Do you need listings emailed to you? Do you have a pre-approval yet and have all cash or down payment and closing costs? It only takes a few dozen questions to qualify in minutes for the loan program to fit your financial needs.

The market is hot right now with record low interest rates and very low inventory and home prices on the rise, You will need to be pre-approved to be able to act quickly to even have a chance at submitting offers on homes. You will need a pre-approval letter in hand to be able to look at and submit offers,minimum 500 fico score with 10% down FHA, minimum 580 fico with 3.5% down or as low as half percent down FHA, minimum 620 fico with 5% down conventional (No Mortgage insurance) minimum 700 fico may qualify for 3% down conventional financing.
Here are some links to study and consider.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
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DRE# 01140252
NMLS# 297251
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0 votes Thank Flag Link Fri Feb 1, 2013
The lots in this neighborhood are typically about 5500 Sq. Ft. This house has recently been foreclosed upon and has not yet been released by the foreclosure lender for sale. I'll follow it for you and let you know. As a rule of thumb unless the house is very distressed, you can usually obtain a loan on the house and you do not have to pay all cash. For additional information on homes available that meet you criteria, log on to my website at you get all the information you need to make an informed decsion on Napa Valley Properties.
0 votes Thank Flag Link Fri Feb 1, 2013
It appears this property was recently foreclosed upon. It is now owned by the bank and not currently listed for sale. Therefore, I can not get further details. If you have further interest in this or other REO properties, message me privately. I am happy to help.

0 votes Thank Flag Link Fri Feb 1, 2013
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