Home Selling in San Mateo : Questions & Answers

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ratsyfrank, Home Buyer in Bend, OR
ratsyfrank answered:
can the bank deny a short sale bid even though its more that what is owed?
Yes. The bank makes all decisions on what to accept and the terms.
0 votes Share Flag Tue Aug 19, 2014 Home Selling in San Mateo
Steve Quinta…, Real Estate Pro in Albuquerque, NM
Steve Quintana answered:
If i recieve 20,000$ from a deed or will, can i walk away from my mortgage with out any garnishments etc?
Give us more information so we can understand your question better.
0 votes Share Flag Sat Jul 19, 2014 Home Selling in San Mateo
Phyllis Mcar…, Real Estate Pro in San Mateo, CA
Phyllis Mcarthur answered:
Am I a sore buyer or is having "exact" offers common?
Tom, it doesn't sound right, we as professionals must do the right thing for the seller.

Traditionally if 2 offers come in, that are exactly the same, 2 counter offers would go out ... more
0 votes Share Flag Fri Jul 18, 2014 Home Selling in San Mateo
Tony Grech, Real Estate Pro in Michigan
Tony Grech answered:
What does getting a loan modification do to your credit score?
Yes it will have an impact, however the extent really depends on the lender. As the others said, it depends on how they report it to the credit bureaus, but also it depends on whether o ... more
0 votes Share Flag Mon Sep 30, 2013 Home Selling in San Mateo
Barry Shapiro, Real Estate Pro in Camarillo, CA
Barry Shapiro answered:
Can we do a short sale if we have no hardship except that it's extremely undervalued and we put no money down into the condo?
Certainly, it's worth calling your lender to ask. Your down payment contribution is not relevant to your qualifications. Plan to submit mountains of personal financial information and ... more
0 votes Share Flag Thu Aug 15, 2013 Home Selling in San Mateo
Alex Greer, Real Estate Pro in California
Alex Greer answered:
I am thinking of a short sale since my rental house is underwater. Can I qualify for it if I have saving of $40k and retirement account $38k?
I was just looking through old post and I noticed yours. If you were not able to refinance at the time of the post, I can certainly help you out now. You can call me at 408-352-5147 or ... more
0 votes Share Flag Thu Aug 15, 2013 Home Selling in San Mateo
Maria Cipoll…, Real Estate Pro in Coral Springs, FL
Maria Cipollone answered:
can seller cancel the agreement if seller is not able to perform? eventhough buyer is willing to extend the agreement for any number of time.
A signed contract is a legal obligation, albeit not always an unbreakable one, but a legal obligation nonetheless, and holds a lot of water in court. Generally, though, they are far fe ... more
0 votes Share Flag Fri Jun 21, 2013 Home Selling in San Mateo
Juliana Lee,…, Real Estate Pro in Palo Alto, CA
Juliana Lee,MBA answered:
You have a small tax accounting preparation and bookkeeping practice. A new client enters your office and places a box of receipts and bank statements
I would recommend either a tax professional or a CPA and offer to provide any real estate information they needed. I would also recommend a couple lenders who are very good at residenti ... more
0 votes Share Flag Sun May 19, 2013 Home Selling in San Mateo
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
negative about $40000. just want to move to bigger house and have no savings to pay off negative. possible to do a short sale ?
Hello Leslie, You may qualify for CHF Access half percent down payment program which you could rent out your current home even if your upside down and buy another one, bigger, better an ... more
0 votes Share Flag Thu Nov 22, 2012 Home Selling in San Mateo
Craig Kay, Real Estate Pro in Rockville, MD
Craig Kay answered:
Is the first offer the best offer?
It may not be the best offer, but you would be a fool not to take the first offer very seriously as it may go away if neglected. If they are serious enough to make a qualified offer, h ... more
0 votes Share Flag Tue Mar 29, 2011 Home Selling in San Mateo
Gilbert Rich…, Real Estate Pro in Santa Clara County, CA
Gilbert Richards answered:
What's the typical rate for an "HOA demand statement"? Common Interest Management charged us $399. Seems steep
HOA demands have been crazy. I had an HOA ask for $275 just to fill out a condo questionnaire.
0 votes Share Flag Tue Jun 22, 2010 Home Selling in San Mateo
Gilbert Rich…, Real Estate Pro in Santa Clara County, CA
Gilbert Richards answered:
What are the typical CA title and escrow fees for the seller.?
It depends on the county and there are 9 of them in the Bay Area. To get an idea you would need to tell me the sales price, and county and I could give you somewhat of an estimate.
0 votes Share Flag Sat Jun 19, 2010 Home Selling in San Mateo
Christine Du…, Real Estate Pro in San Mateo, CA
Christine Duncan answered:
I've noticed a lot more yard signs around san mateo with 'coming soon' on them
Hi Jamie,
I think there are multiple reasons for the long period of "coming soon" signs:
- Early marketing of the listing; the property may not be ready to show but the ag ... more
0 votes Share Flag Fri Jun 18, 2010 Home Selling in San Mateo
Lee Ginsburg, Real Estate Pro in Burlingame, CA
Lee Ginsburg answered:
I am replacing my furnace and was told our air ducting is insulated with asbestos. The contractors I have
Jamie,

In our area it is quite common. Does not affect the value. For my knowledge it does not affect your health as long as it is covered and not disturbed.
As others stated if ... more
0 votes Share Flag Sun May 31, 2009 Home Selling in San Mateo
Carl Medford, Real Estate Pro in Fremont, CA
Carl Medford answered:
What's with the recently sold prices?
Jay:

Thanks! And yes ... we've answered this question more than once before! :)

This is a great forum for getting answers - don't hesitate to ask.
0 votes Share Flag Wed Apr 8, 2009 Home Selling in 94403
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