Home Buying in 94519>Question Details

Michelle, Home Buyer in San Francisco, CA

1868 carlotta dr concord asking price $349. is this property sold?

Asked by Michelle, San Francisco, CA Fri Nov 2, 2007

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The property is a short sales (they owners owe more than the home is listed for) and is subject to the lender's approval of the sale. They are requesting all buyers be preapproved prior to submitting an offer. Have you seen the property inside and have your loan in place at this time.
1 vote Thank Flag Link Fri Nov 2, 2007
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
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Michelle....

If you were approved for a loan with a down payment then there is an expectation you will have a downpayment. There are very few loans with 100% financing these days. There is an expectation that you will provide a deposit with your offer but no more than 3% of the sales price. The deposit is held uncashed until both parties have acceptance. In this case the sellers lender (s) will need to approve of the sale. Once they have approved or if they do, then escrow is opened and everyone moves forward. Hope this helps a bit.
Web Reference: http://pamwinterbauer.com
1 vote Thank Flag Link Sun Nov 4, 2007
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
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i have preapproval letter from a lender. do they ask some down payment?
1 vote Thank Flag Link Fri Nov 2, 2007
Hi Michelle, I can't find it anywhere. Maybe someone will chime in from Contra Costa. Sounds like an old listing leftover. Did you find it on Craigslist or another website?

Michael
http://www.michaelrobertshomes.com/
1 vote Thank Flag Link Fri Nov 2, 2007
yes i am interested and i want to offer $300. thanks.
1 vote Thank Flag Link Fri Nov 2, 2007
1868 Carlotta Drive, Concord expired today 11/2/07 without selling. Are you interested in the property?
Web Reference: http://pamwinterbauer.com
1 vote Thank Flag Link Fri Nov 2, 2007
Pam Winterba…, Real Estate Pro in San Ramon, CA
MVP'08
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