natkiick, Home Buyer in San Francisco, CA

I would like to view the property how do I go about this and getting qualified for the loan

Asked by natkiick, San Francisco, CA Sun Apr 15, 2012

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This question is about this property: http://www.trulia.com/foreclosure/3077368778--King-St-549-Sa…

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5
natkiick:

As Lance has noted, this is a Public Auction sale and CASH (cashiers checks) will be required.

Public Auctions have their own nuances and difficulties. For example see this "Foreclosure Auction Guide" as a primer http://www.youtube.com/watch?v=1CanJbhGdJM
and "Wells Fargo auctions off house they don't own" as further "entertainment" http://www.youtube.com/watch?v=yV6NeHoq1wA
Trustee auctions are the MOST RISKY of distressed property purchases.

I'm assuming you do not have cash so it would be best for you move on to the next property; however, before doing so obtain a "True Pre-Approval", which you can read about here:
http://www.Steven-Anthony.com/GettingStarted

-Steve
0 votes Thank Flag Link Mon Apr 16, 2012
This property is going up for auction - that means you need cash. It also means that it will likely go much higher.

If you need a loan you need to contact some good lenders to get pre-approved. We can refer some quality lenders if you like.

Best Regards,

Lance King/Owner-Managing Broker
lance@fixedrateproperties.com
415.722.5549
DRE# 01384425
0 votes Thank Flag Link Mon Apr 16, 2012
The property you are interested in has an opening bid that is far below its market value. In order to get that property you will pay market or close to market price. So make sure, you have the financing in place and know what you can afford. Once you know that, find a realtor whom you resonate with and who is savvy.

Feel free to call me at 415-200-7202.
0 votes Thank Flag Link Sun Apr 15, 2012
1 - Talk to your bank or a loan office - I can refer many. This will tell you what you can afford.

2 - Interview at least three Realtors to see who is the best match for you.

Questions? Email me.
0 votes Thank Flag Link Sun Apr 15, 2012
Hi Natkiick,
I'd advise first to talk to a mortgage broker and see if you can be pre-approve for a loan and what is your purchase limit. And after that start shopping for a property.
I'd be happy to meet with you and go through the process how to purchase real estate in SF and would be happy to help you to buy your new home.
Ellie Kravets
Ellie@climbSF.com
415.948.1601
Web Reference: http://climbSF.com
0 votes Thank Flag Link Sun Apr 15, 2012
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