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Home Buying in 94134 : Real Estate Advice

  • All22
  • Local Info3
  • Home Buying10
  • Home Selling5
  • Market Conditions1

Activity 9
Mon Jul 20, 2015
Yaw Anku answered:
Here's a list of FHA Approved list of lenders in SF that can help with your search
You can also try searching on for FHA lenders all over the bay area and nearby areas. ... more
0 votes 12 answers Share Flag
Thu Jun 27, 2013
Sally Rosenman answered:
Ask your agent is the best answer or go to City Hall and look through their files.

Good luck!

0 votes 5 answers Share Flag
Thu Feb 23, 2012
Jeff Tepermeyster answered:
Please have a look at this page on my website:,
Rr simply contact me directly. I'm here to help!
0 votes 18 answers Share Flag
Thu Feb 9, 2012
Gabrielle Dahms answered:
I'm sorry to hear about your situation with this property and concur that it can be frustrating. It sounds as though you are representing yourself and know little about how REOs are sold. The listing agent represents the bank (the seller) and it is his or her job to get the highest $$$ for the property. With a good agent representing you, something that costs you nothing, you will avoid many pitfalls.

Next, always know what the property is worth in this market in its current condition and its value after repairs, should they be needed. These are value ranges rather than completely fixed numbers, of course. Once you know that, set your absolute maximum offer amount and be willing walk away from the deal.

And finally, have a conversation with the listing agent about what is going on. Just be aware that the agent may want to represent you and doubleside the deal. Instead of doing that think about who best represents your interests and choose the right agent.

One last item, unless you have signatures from the seller, e.g. the bank, the property has yet to accept and award the property to anyone. The listing agent may have spoken prematurely.

Feel free to call me with additional questions at 415-200-7202. And engage an agent who is on your side.
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0 votes 14 answers Share Flag
Wed Feb 8, 2012
Jed Lane answered:
Until you get your offer back signed by the seller you were not awarded anything. You do not have a contract till both parties have signed the contract. The fact that you signed an addendum to the standard contract doesn't mean anything.
Which addendum? Typically addendums come after a contract is ratified. Changes to contracts before ratification is done with counter-offers not addendums. There are some addendums that go with contracts like using the San Francisco addendum to the Califonria offer to purchase.
Seems pretty clear that you need help.Get an agent or hire an attorney.
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0 votes 4 answers Share Flag
Wed Feb 8, 2012
D answered:
Your best bet is to first visit the unit you are considering and feel it out, if you want to move foward then seek professional assistance of a certified inspector. Mold, defective drywall, missing appliances, hazards, and other things can prevent a home from being able to be occupied. Again, seek out the experts in your area.

Daniel K. Wyka
Cell: 239.398.5667

Keller Williams Elite Realty
24851 S. Tamiami Trail, Suite 1
Bonita Springs, FL 34134
... more
0 votes 4 answers Share Flag
Thu Aug 5, 2010
J Mario Preza answered:
Hmmm. Your question and the various Realtors who have answered it may be looking at this in relations to the effects the bursting real estate bubble had on home prices. However, it is relative and it can be considered a "hit" if you were among the unfortunate many who paid a bit more than prudence may have dictated at the time. However, one cannot look upon making the choices they made at the time as an error, because, if you recall, you just could not buy a house without competing with five, ten or sometimes many more offers from others who were as willing as the next person to pay as much if not more than the last person. But that's another story. As for being hit worse, the relative part is this, if you didn't buy when values were high and you're looking to buy now, this is THE BEST TIME to buy because the prices have dropped, in some cases, by as much as 50 percent! On the other hand, if you own a house and thought you would wait until the next waive of appreciation, well, then you're obviously lamenting that you didn't sell when the going was great.

So where are we today? Today the lenders are stricter; the appraisers are more cautious; the buyers can't be as creative with their "stated income" financing terms; and the whole market is chocking with willing buyers and sellers while competing with bank owned properties that are sold for deep discounts.

So, the whole industry has been impacted by this change in tide, but houses are still selling, albeit for more reasonable prices, and everything has a level at which someone will buy or not. So, if you plan to sell to get the most, right now may be a bit challenging unless you settle for whatever the most at this time is. If you want to hold off selling until the market improves, it will improve, but not like it did previously. A reasonable expectation for appreciation is the "normal" 5% per year, plus or minus.

Hope that helps.
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0 votes 5 answers Share Flag
Thu May 6, 2010
Anna M Brocco answered:
Not sure where you are seeing the information--however, if it's a RealtyTrac listing, it's possible that it's a lis pendens property--notice of default--if so, some of these properties may not be for sale yet, and some may never be if the owner satisfies the default. If you are looking at foreclosures the most accurate source of information is any local agent. ... more
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Thu May 6, 2010
Stephen Suech answered:
The following is for a VA loan:

If it was a Chapter 13, then you need to have either completed the plan payments and re-established credit, OR at least 12 months of payment plan must have been made and the Trustee approval is needed.

If it was a Chapter 7, then it is 2-years since discharge and re-established credit. It is possible to obtain a VA loan after 1 year of discharge if the cause was from extenuating circumstances. (Extenuating circumstances are nonrecurring events that are beyond the applicant’s control that result in a sudden, significant, and prolonged reduction in income or a catastrophic increase in financial obligations.)
... more
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