Home Buying in Daly City : Questions & Answers

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David 'TAP'…, Real Estate Pro in Burlingame, CA
David 'TAP' Tapper answered:
how foggy will it be around original daly city area??
It does get foggy, but nothing like the Skyline area. I was driving over in that area on Thursday and it was real foggy near Bart, but it wasn't too bad when I got to Brunswick across f ... more
0 votes Share Flag Tue Mar 19, 2013 Home Buying in Original Daly City
Michael Cheng, Real Estate Pro in San Jose, CA
Michael Cheng answered:
Can I file a lawsuit even though I initialed P7 on CAR Purchase agreement Item26 A&B(Mediation and Arbitration)?
What would you sue for? If your EMD is at the escrow company, you just need to get the listing agent to have the seller sign off.

And, if you do file an lawsuit against the seller, ... more
0 votes Share Flag Sun Mar 17, 2013 Home Buying in 94015
Larry Tollen, Real Estate Pro in Durham, NC
Larry Tollen answered:
Can the seller still sell the house without releasing the deposit to the buyer who canceled the contract before the loan contingency removal?
They can try but they are going to have issues. You should speak to an attorney and have your agent send a written notice to the listing agent that unless the Seller releases your Depos ... more
0 votes Share Flag Sun Feb 24, 2013 Home Buying in Daly City
Jeff Kockos, Real Estate Pro in San Mateo County, CA
Jeff Kockos answered:
Denied by underwriter after even if huge downpayment
Don't waste your time at the bank go for sellers financing.
0 votes Share Flag Sun Feb 17, 2013 Home Buying in Daly City
Carl Medford, Real Estate Pro in Fremont, CA
Carl Medford answered:
are there any programs for low income households who would like to purchase a property in san mateo county?
Check out this website and contact them:

Economic & Community Development - Daly City, CA
http://www.dalycity.org/City_Hall/Departments/ECD/hcd/affordable_hsg_old.htm
0 votes Share Flag Mon Dec 10, 2012 Home Buying in Saint Francis
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
I was in the process of buying a home but problems came up and we had to cancel our contract. The appraisal was done and they are charging me for it.
Yes. You are responsible.

You ordered the work, the appraisal. The work was done. Your decision whether to buy--and your use or non-use of the appraisal--are immaterial.
0 votes Share Flag Wed Mar 13, 2013 Home Buying in 94015
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
My home in CA has been in escrow since May 2012 for short sale. Chase finally accepted an offer of 455K (loss of 400K). Now the buyers want to reduce
"due to law change"; what law change?

The law, presently, excludes SHORTSALES from Deficiency Judgements;
So if you keep it LISTED as a Shortsale, you should not only be Okay, but ... more
0 votes Share Flag Mon Oct 8, 2012 Home Buying in 94015
Jeff Teperme…, Real Estate Pro in San Francisco, CA
Jeff Tepermeyster answered:
A 2 BR or more house between Daly City and South San Francisco for under $400000.
Hi Kelly,
It's very difficult; however some properties in Short Sale (a long wait), or REO (bank owned) status are available. I made a search in the MLS and found about 6 properties ... more
0 votes Share Flag Tue Aug 7, 2012 Home Buying in Daly City
Fiona Santos, Real Estate Pro in San Francisco, CA
Fiona Santos answered:
What does pending with release mean?
Hello! That means an offer has been accepted by the seller but contingencies such as appraisal, loan and inspections have not been removed yet but most commonly, this is the status for ... more
0 votes Share Flag Sun Jul 29, 2012 Home Buying in 94015
John DL Aren…, Real Estate Pro in Encinitas, CA
John DL Arendsen answered:
is good deal bay manufactures home?
It depends on where you wish to purchase, the price, year and condition of the home and the type of ownership. This is a pretty open ended question. I would need more information in ord ... more
0 votes Share Flag Mon Jul 30, 2012 Home Buying in Daly City
Cal Caylor, Real Estate Pro in 75044
Cal Caylor answered:
How long do I have to live in a home originally purchased and financed as home-owner occupied before renting it out?
I would not notify the mortgage company. You bought it as an owner occupant - it is your house you can rent it out anytime you want. I am not sure about yoursecond question. My guess wo ... more
0 votes Share Flag Sun Oct 28, 2012 Home Buying in 94014
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
closing escrow on a short sale in a few days. want to know legal rights if owner has not vacated property at the close of escrow
It's in your best interest that the property be vacated by closing day; for any legal rights you may have, it's best to consult with an attorney who specializes in real estate ... more
0 votes Share Flag Wed Mar 6, 2013 Home Buying in 94015
Marge Bennett, Real Estate Pro in Fort Myers, FL
Marge Bennett answered:
Percentage of Down Payment
3.5% is what is required for FHA. There are USDA loans that are 0 down, but those are in rural areas. 20% down will let you avoid PMI.
0 votes Share Flag Thu Jan 19, 2012 Home Buying in 94015
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
I have been here for more thanI a year and have only one W2 I will like to put down 60% of $500000 down will I be qualify for the mortgage?
Visit with any qualified loan officer(s), after reviewing your overall financial information, credit, debt, etc., he/she can make a determination on qualification; if you don't yet ... more
0 votes Share Flag Wed Jul 6, 2011 Home Buying in Daly City
Tony McMahon, Real Estate Pro in 20601
Tony McMahon answered:
How safe is the 400 block of Belleview Ave in Daly City?
As a REALTOR I can't comment on criminal activity, schools, demographics etc.. but you may find the attached website helpful to gather information from.
0 votes Share Flag Fri Jan 28, 2011 Home Buying in Daly City
Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
How badly does entering Consumer Credit Counseling affect a buyer's financial profile?
J. Mario,
I'm a licensed lender as well as Realtor, I haven't run across this lately, but in the past underwriters treated it like a BK if it was disclosed. In some instance ... more
0 votes Share Flag Tue Dec 7, 2010 Home Buying in Daly City
Robert Milli…, Real Estate Pro in Spokane County, WA
Robert Milliron answered:
what is a short sale?
Short Sales are when a seller owes more on the home than they can sell it for. The Bank will allow the seller to sell the home and the bank takes the loss.
For example you own a home ... more
0 votes Share Flag Wed Sep 8, 2010 Home Buying in 94015
Joan Braunsc…, Real Estate Pro in Morris County, NJ
Joan Braunschweiger answered:
Shouldn't a buyer's real estate agent be cooperative and get the history of utility costs printout if a buyer requests it?
Well.....I kind of doubt they would give it to your agent either.
However, I suppose she could ask the listing agent to request it from the seller.
The worst that could happen is the ... more
0 votes Share Flag Fri Jul 23, 2010 Home Buying in 94015
David 'TAP'…, Real Estate Pro in Burlingame, CA
David 'TAP' Tapper answered:
Our agent kept saying all we need to do is sign the papers and we'll get our escrow back. Then it turns out there's some contingency that
I would talk with your agents broker and tell them you are not happy with your agents service and representation.
If your agent is the broker, tell them you will file a complaint with ... more
0 votes Share Flag Thu Dec 9, 2010 Home Buying in Daly City
Vain, Home Buyer in 94014
Vain answered:
Will a lender even order a BPO if the short-sale package was not complete?
Another interesting observation is that the sellers have 2 more propreties, and recently, they have deeded those homes to other people. Maybe to protect themselves from recourse.
0 votes Share Flag Thu Jul 22, 2010 Home Buying in Daly City
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