Brett Dunne

"TOP 2% IN REO & UP-SCALE HOMES"

I'm a:	Real Estate Professional
Company:	Keller Williams
Location:	Rancho Cucamonga
Web sites:	Our Web Site
Phone:	(909) 945-0602

202 Answers
2 Best Answers
66 First Answers
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About Me

Multi-Million Dollar Producer; Awarded “Rookie of the Year” first year at Keller Williams. Brett was elected to the Agent Leadership Council during the first year of eligibility. Elected to the Regional ALC in 2007 (only 17 agents are bestowed this honor from 2,174 KW agents in the Inland Empire). Additionally, Brett has been a business owner for over 20 years, bringing “business sense thinking” to the Real Estate industry. His influence with the business community has added a new flavor to the resale housing market in the Inland Empire.

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Brett Dunne's Questions (2)

Brett Dunne's Answers (202)

A house I was interested in is going in to forclosure can I still put a bid in?

Asked Sat Jul 26 2008, 05:59 by Hank - All locations - Home Buying - 3 answers

Brett Dunne answered:

Hi Hank:
You stated in your question:
"Do I have any options now that it is going in to foreclosure or do I have to wait until the whole process runs its course? I am told that the bank now owns the home."
The bank cannot "own" the property until the foreclosure process is completed, not started. Here in California we can submit offers during the 3+ months it takes for non-judicial foreclosure on special CAR Forms. This can be complicated and time consuming. I suggest that you contact a local Realtor for additional help. - Sat Jul 26 2008, 08:36

My husband and I are first time home buyers in San Jose, CA.

Asked Thu Jul 17 2008, 17:21 by Heather - 95123 - Home Buying - 9 answers

Brett Dunne answered:

Great question Heather!

1. Find the area that you want to invest / live in.
2. Ask friends and family for referrals for Realtors (from the area you want to live in)
3. Interview at least 3 agents to represent you as a buyer's agent.
4. Have the Realtor that you choose suggest two lenders to use, interview them and choose one.
5. All 4 of you need a face to face meeting. Go over goals and create a plan
6. Listen to the council you have "hired". They are the professionals.

Regards,
Brett - Thu Jul 17 2008, 18:55

how do i buy a foreclosure?

Asked Sun Feb 10 2008, 17:41 by Naomi - All locations - Foreclosure - 1 answer

Brett Dunne answered:

Hi Naomi...Great Question.

A house that has been foreclosed has, as a norn, a bank as its owner. They are normally listed as any other sale, in a local MLS. Almost always a Realtor is representing the bank in the marketing of this foreclosure.

Here in Southern California our MLS has as a criteria field "REO" and we can pull up foreclosed properties in a given area. Ask a local Realtor, they can assist you in finding what you are searching for.

Good Luck! - Sun Feb 10 2008, 21:14

Hello My question is this!We are currently in escrow with a house we offered 1,098,000. (This was after

Asked Sun Feb 3 2008, 21:26 by Omar - 90740 - Home Buying - 20 answers

Brett Dunne answered:

Omar:

You are going to get lots of answers to this question. I would, among lots of other suggestions, ask your agent to let the broker of record represent you. This is not out of the norm, but also not done a lot.

You see the listing belongs to the broker and the agent is acting on their behalf. Since that broker has both sides (represents the buyer and seller) then you could ask your agent for counsel and representation from their "boss" the broker. Your agent should not lose any monies for this redirect, but I think it would make you feel a lot more at ease. Especially after you run all of your questions by the broker.

Good Luck! - Sun Feb 3 2008, 22:00

Can a buyer in a “short sale” know how much the sellers mortgage balance is he owes the lender?

Asked Sat Feb 2 2008, 02:44 by Beny - Ventura - Home Buying - 2 answers

Brett Dunne answered:

Beny:

Good question.

Yes, you can discover the amount that is owed by the seller. You can have your agent call the listing agent of the subject property and have that listing agent ask their escrow officer to request a pay-off amount from the lender.

Now is that important, normally not. Some banks order a BPO and some request an appraisal and still others...both.

Here in Southern California (Rancho Cucamonga) I have not experienced banks accepting offers on short sales that are 18% less of appraisal. (Closing costs run about 2% of sale price (+/-). Again, here locally we see BPO’s and appraisals coming in higher than what the property sells for. Consequently the home sets until the bank lowers the price or the same bank that will not lower the price to get an accepted offer forecloses on the home. - Sat Feb 2 2008, 07:53

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