Home Buying in 94587 : Questions & Answers

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Sam Shueh, Real Estate Pro in San Jose, CA
Sam Shueh answered:
what is a process to buy a for-closure home?
1 Often with cash buy as is at court house without inspection or knowledge of interior.
2 REO sale from MLS, with a mortgage.


There are few if any inventory right now. The REO sal ... more
0 votes Share Flag Fri Jun 13, 2014 Home Buying in 94587
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
Loan requirements
Hello Lorena, did you close on a home purchase? You may qualify FHA from a minimum 580 fico score and 3.5% down or as low as .5% half percent down payment program. You may qualify for 5 ... more
0 votes Share Flag Mon Jun 9, 2014 Home Buying in 94587
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
what is a process to buy a for-closure home?
Hello anhthuy101, you will need to be pre-approved to be able to view and submit offers on homes of your choice. There are mostly standard sale homes on the market currently but there a ... more
0 votes Share Flag Mon Jun 9, 2014 Home Buying in 94587
Mike McLaren, Real Estate Pro in 94587
Mike McLaren answered:
What the price difference betwwen single family house with manufacture house in single family house lot?
Actually there is a small development of about 8 homes in Newark (near the center of town) that consists of manufactured homes. They blend in so well that most people are unaware of thi ... more
0 votes Share Flag Wed May 28, 2014 Home Buying in 94587
Tom Sommers, Real Estate Pro in Lakeville, MN
Tom Sommers answered:
Who's responsibility to pay unpaid property tax for a short sale house?
It is my understand that it is the responsibility of the bank who is allowing the short sale. However in many cases especially with HUD homes they will not pay any assessments and the ... more
0 votes Share Flag Thu Dec 5, 2013 Home Buying in 94587
shiu227, Home Buyer in Hayward, CA
shiu227 answered:
Can seller back out after all the contingencies are removed by the buyer.?
Maybe the seller found another buyer offering much higher price than the one you offered him. Or the seller might sense that he could sell much higher in the near future.
0 votes Share Flag Mon Sep 30, 2013 Home Buying in 94587
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
I get VA disability payment of 560 a month, can I take out a VA home loan for $70,000? I am making 25 percent downpayment on the original home price.
I would need to speak with you for a few minutes to pre-approve you. I am also a Veteran and can help to explain what income will be needed to obtain a loan. I offer VA no down payment ... more
0 votes Share Flag Sun Jun 30, 2013 Home Buying in 94587
John Dutra, Real Estate Pro in Fremont, CA
John Dutra answered:
what are typical PMI numbers on a 10% conventional loan VS MIP numbers on an FHA loan?
Pdkat,

FHA raised their rates again this year and the MIP (mortgage insurance premium) now stands at 1.5% of the loan amount with 10% down, 1.55% with less than 10% down.

Fo ... more
0 votes Share Flag Tue Jun 25, 2013 Home Buying in 94587
Michael Koen…, Real Estate Pro in Pleasanton, CA
Michael Koenig answered:
what is the average closing cost all paid by buyer on a 360k loan in northern California? Thank you
it seems BofA is especially difficult to work with when you're dealing with their call center.

In my experience, working with a local loan officer; where you can walk into the branch ... more
1 vote Share Flag Mon Dec 17, 2012 Home Buying in 94587
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
I've been working for 8-9 months now. Is it true that I need to be working for 2 years before I can be approved for a mortgage loan?
Were you attending college in the field of work your currently doing or what were you doing before this job? Is there just a gap or is this your first job? If you have a minimum 580 fic ... more
0 votes Share Flag Sat Oct 20, 2012 Home Buying in 94587
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
My Uncle bought a house for me and my wife...Is there a way we can be added in the mortgage loan?
You would need 3 years from the short sale close date to be able to qualify for a mortgage. You may be added to the deed at any time. One day after the three years, you may qualify with ... more
0 votes Share Flag Sat Oct 20, 2012 Home Buying in 94587
Meena Gujral, Real Estate Pro in Pleasanton, CA
Meena Gujral answered:
Hi, ALL, I am comparing San Leandro, Hayward, Union City, Castro Valley and Fremont for houses as investment income property
Rental market in all the cities you have listed are good. It also depends on whether you are looking at Single Family homes or condos/townhouses since then you will have the HOA dues ta ... more
0 votes Share Flag Wed Sep 12, 2012 Investment Properties in 94587
Barry Ripp, Real Estate Pro in Fremont, CA
Barry Ripp answered:
What is property taxes for area code 94587?
Hi Janna,
Yes, the property tax rate in Alameda County, and most northern Calif counties, is 1.25% of the assessed value. You can check the county website for more info: www.acgov.o ... more
0 votes Share Flag Fri Feb 24, 2012 Home Buying in 94587
Steven Fong, Real Estate Pro in Fremont, CA
Steven Fong answered:
can the buyer pays for county transfer tax?
The buyer can pay for the county transfer tax if it is agreed to in writing. Although it is customary for the seller to pay, it can be negotiated.

Steven Fong
REALTOR
Sunil Sethi ... more
0 votes Share Flag Mon Jun 27, 2011 Home Buying in 94587
Gregg, Home Buyer in California
Gregg answered:
If foreclosure procedure is initiated on a short sale transaction, do I have any legal rights or is the contract considered null and void...
Thanks for all the responses!

The property had originally been approved for short sale, but the previous potential buyer was declined due to DTI issues. Based on the previous apprais ... more
0 votes Share Flag Tue May 10, 2011 Home Buying in 94587
Carl Medford, Real Estate Pro in Fremont, CA
Carl Medford answered:
I put an offer on the house that came on market on 2/25/11 and their agent is refusing to submit it to the bank. Is this legal? pls help, thank you
Mono:

At $360,000, the LIST price was right on target for the area comps. Contrary to some of the suggestions below, it is very possible to get credits from the seller when buying a ... more
0 votes Share Flag Sat Apr 9, 2011 Home Buying in 94587
Steven Fong, Real Estate Pro in Fremont, CA
Steven Fong answered:
Is there anything wrong?
From just the information provided the offers are all under asking. Sometimes sellers see offers significantly under asking as low ball offers and don't take them serious. (Some ... more
1 vote Share Flag Tue Apr 27, 2010 Home Buying in 94587
Steven Fong, Real Estate Pro in Fremont, CA
Steven Fong answered:
How is the area between Lowry and Dyer Street on Alvarado Blvd in Union City. I'm considering buying one here. Is it a safe neighborhood.?
If you are looking to the East of Alvarado Blvd between Lowry and Dyer, the residential portion is Fremont. The West side is Union City. Union City and Fremont police officers will be ... more
1 vote Share Flag Sun Apr 25, 2010 Home Buying in 94587
Keeping It R…, Home Owner in Union City, CA
Keeping It Real answered:
Union City bordering Mission Boulevard between Decoto and Whipple
Union City is Mexican gang central. If you don't mind shootings, stabbings, robberies or unsolved crime then this is your home. Decoto in particular is the East Palo Alto of the Ea ... more
0 votes Share Flag Sat Nov 21, 2009 Home Buying in 94587
Brian Ripp, Real Estate Pro in Fremont, CA
Brian Ripp answered:
Who is responsible to remove info and (interior) pictures on the web. The house I bought last year, still have pic. listed. How do i remove it?
Hi Megrdh,

You should contact your agent, and/or the listing agent of the home - and ask them to remove the photos from internet. Although there are so many websites that we put hom ... more
1 vote Share Flag Sun Oct 11, 2009 Home Buying in 94587
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