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Joan Patterson
"Top Producer"
- 46 Helpful Answers
- 224 Answers
- 72 Blog posts
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Joan Patters…’s Questions (3)
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Joan Patters…’s Answers (224)
Joan Patterson answered:
Hi Margaret,
Regarding a short sale, the house is still owned by the seller. The way that this works is the seller hires a realtor to list the house, an offer comes in like normal, however the offer is then submitted to the bank who holds the deed of trust for approval. This can take several months to more than six months sometimes to accomplish, and the bank does not have to approve the deal at all either. Many times they do not and will counter the buyer.
An REO or bank owned home has gone back to the bank already so they can sell it because they do own it. I hope this helps and makes sense to you. Please feel free to contact me anytime if I may assist you more. I can be reached at 951-204-1864 or calljoan4homes@aol.com.
Kind regards,
Joan Patterson, B.A., A.S.P., G.R.I., Realtor, License #01431647
Keller Williams Realty
8250 White Oak Avenue, Ste 102
Rancho Cucamonga, Ca 91730
951-204-1864 http://www.calljoan4homes.com
Regarding a short sale, the house is still owned by the seller. The way that this works is the seller hires a realtor to list the house, an offer comes in like normal, however the offer is then submitted to the bank who holds the deed of trust for approval. This can take several months to more than six months sometimes to accomplish, and the bank does not have to approve the deal at all either. Many times they do not and will counter the buyer.
An REO or bank owned home has gone back to the bank already so they can sell it because they do own it. I hope this helps and makes sense to you. Please feel free to contact me anytime if I may assist you more. I can be reached at 951-204-1864 or calljoan4homes@aol.com.
Kind regards,
Joan Patterson, B.A., A.S.P., G.R.I., Realtor, License #01431647
Keller Williams Realty
8250 White Oak Avenue, Ste 102
Rancho Cucamonga, Ca 91730
951-204-1864 http://www.calljoan4homes.com
Joan Patterson answered:
Jason,
I have seen that the price of houses have started going back up about 3% in the past several months. There is a lack of inventory on the market here in the Rancho Cucamonga area which means multiple offers on homes which drives the price up. I project that the market has and will continue to pick up. In my opinion, the market is making a comeback here in Rancho Cucamonga. Now is a great time to buy!
Kind regards,
Joan Patterson, B.A., A.S.P., G.R.I., Realtor, License # 01431647
Keller Williams Realty
8250 White Oak Avenue, Ste 102
Rancho Cucamonga, CA 91730
951-204-1864 http://www.calljoan4homes.com http://www.socalreopartners.com
calljoan4homes@aol.com
I have seen that the price of houses have started going back up about 3% in the past several months. There is a lack of inventory on the market here in the Rancho Cucamonga area which means multiple offers on homes which drives the price up. I project that the market has and will continue to pick up. In my opinion, the market is making a comeback here in Rancho Cucamonga. Now is a great time to buy!
Kind regards,
Joan Patterson, B.A., A.S.P., G.R.I., Realtor, License # 01431647
Keller Williams Realty
8250 White Oak Avenue, Ste 102
Rancho Cucamonga, CA 91730
951-204-1864 http://www.calljoan4homes.com http://www.socalreopartners.com
calljoan4homes@aol.com
Joan Patterson answered:
Hi Tina,
I lived in Etiwanda for many years and loved it. It all depends on where you live, but the winds can be very strong at times. Also, where you purchase, the tax rate can be a bit higher. I could help you with any offer you wanted to make by checking on the tax rate for each home. Let me know if I can help you with that as well.
Many people want to live in Etiwanda because of the great school district as well!
Let me know if I can assist you with your home purchase!
Kind regards,
Joan Patterson, B.A., A.S.P., G.R.I., Realtor, License # 01431647
Keller Williams Realty
8250 White Oak Avenue, Ste 102
Rancho Cucamonga, CA 91730
951-204-1864 http://www.calljoan4homes.com
I lived in Etiwanda for many years and loved it. It all depends on where you live, but the winds can be very strong at times. Also, where you purchase, the tax rate can be a bit higher. I could help you with any offer you wanted to make by checking on the tax rate for each home. Let me know if I can help you with that as well.
Many people want to live in Etiwanda because of the great school district as well!
Let me know if I can assist you with your home purchase!
Kind regards,
Joan Patterson, B.A., A.S.P., G.R.I., Realtor, License # 01431647
Keller Williams Realty
8250 White Oak Avenue, Ste 102
Rancho Cucamonga, CA 91730
951-204-1864 http://www.calljoan4homes.com
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