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Foreclosure in Cloverdale : Real Estate Advice

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  • Home Buying4
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Activity 3
Wed Sep 11, 2013
JR Thrasher answered:
I wrote a blog about "Finding Foreclosed Homes on Trulia" just last week. I'll put a link in the web reference. That should answer all of your questions.

J.R. Thrasher
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Tue Oct 26, 2010
Michelle Romero answered:
I work with Fannie Mae asset managers in Sonoma, Napa and Lake counties. The answer depends a lot on the listing agent's individual asset manager but the first question is...Is this a lender required repair? Did the appraiser call the issue out on the appraisal and then the lender ask for the repair as a condition of funding the loan? If we are talking about dry rot and termite treatments they are pretty amiable to making those repairs to close the deal. If we are talking about replacing a roof or repairing a septic system then they may choose to look for a new offer where the buyer can purchase with cash and buy the property as is. As a rule when making offers on a bank owned property, if you can see the issue with your own two eyes when looking at the house and you make an offer on that house then you have made the offer with all the defects you are aware of when you made the offer. If things come up during inspections the seller (as with any home seller) can choose to accept, reject or counter your request for repairs. Good luck with your purchase. ... more
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Sat Feb 2, 2008
margaret razon answered:
Hi, You asked this questions many months ago and now this sort of thing with dramatic changes in value is pretty wide spread. It's an investors market out here now and the bank owned houses are really starting to sell, finally the investors are having their day. If you are an investor email me for information, don't lose this chance. ... more
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