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Home Buying in 94531 : Real Estate Advice

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  • Local Info3
  • Home Buying27
  • Home Selling0
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Activity 27
Sat Nov 19, 2016
Richard Littlefield answered:
I believe the contingencies need to be removed properly, but are you backing out for no particular reason or based on a contingency? If you are backing out based on no particular reason and not a contingency, I would think the seller can keep the money, I am not familiar enough with what is going on to say one way or the other. ... more
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Wed Oct 5, 2016
Elizabethcooper1975 answered:
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0 votes 2 answers Share Flag
Thu Feb 13, 2014
Maryann Salt answered:
As long as she has given you 24 hours notice. When you say she's in short sale, has she found a buyer? It may be a good time for you to step in, and buy if you're able.
0 votes 3 answers Share Flag
Sat Jan 11, 2014
debbie.farmer answered:
Just run your numbers. This is a simple formula to use to see your rate of return. Of course you need to adjust for potential repairs/vacancy.

Gross rental yield = Annual rental income (weekly rental income x 52) / property value* x 100 ... more
0 votes 3 answers Share Flag
Tue Dec 17, 2013
Pacita Dimacali answered:
The landlord, provided she provided adequate notice, typically 24 hours in advance, can do a walk-through for several reasons.
See http://www.tenant.net/Other_Areas/Calif/misc/nffland.html about when landlord may enter.

The walk through can be a move-in/move-out inspection to make sure the property is in the same condition as when she rented to you.

She can also check it out to discern if there are any repairs that need to be done, and to determine who is responsible for repairs, as well as get estimates.

The walk-through may also be to honor her obligation if there is already a buyer, and the transaction is about to close. The buyer has a right to do the walk-through to make sure the property is in the same condition as when they buyer saw it.

But in both cases, the walk through should be on the date that was agreed upon between you and the landlord. If there's a change, then she will need to give you adequate notice for the change.
... more
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Tue Oct 1, 2013
Bruce Palmer answered:
I use All About Eviction in Clayton www.allabouteviction.com
0 votes 3 answers Share Flag
Wed Aug 14, 2013
Rishab Jain answered:
Send me an email with the address you are interested in

Regards
Jain Rishab
Realtor
RE/MAX Active Realty.
Short Sale And Foreclosure Resource
Phone: (510) 676-4770
Email:korerealty1@gmail.com ... more
0 votes 1 answer Share Flag
Wed Aug 14, 2013
Alexander Greer answered:
Wed Aug 14, 2013
Rishab Jain answered:
If you are looking in Antioch I have some shortage sale and foreclosure listings. There are below market deals as well, If interested please contact.

Regards
Jain Rishab
Realtor

RE/MAX Active Realty.
Short Sale And Foreclosure Resource
Phone: (510) 676-4770
Email:korerealty1@gmail.com
... more
0 votes 1 answer Share Flag
Wed Aug 14, 2013
Kathi Muller answered:
Is this house on buckskin a lease option to buy? if no then my question about my boxer is not being answered! If it is a lease potion to buy then is the answer onthe dog a no?
0 votes 1 answer Share Flag
Thu Aug 2, 2012
Rick Fuller asked:
Thu Feb 16, 2012
James Tan answered:
I would like to refer you to the statistics available on Trulia:
http://www.trulia.com/real_estate/94531-Antioch/
It also contains crime statistics as well.

Antioch prices are quite low, some of the homes are selling at 1/3 of the peak prices in the area. So are Oakley prices. You should also consider Oakley or Brentwood. Brentwood is selling at slightly higher prices than Antioch, but generally the ratings of the schools are better. It is a little bit further away from Hwy 4 but it is closer to Hwy 580 (for people who commute to Pleasanton).

I would recommend driving around in these 3 cities and form an opinion for your self.
Note, that because the prices in Antioch are quite low, a large number of investors from the Bay Area are buying them for rentals. Hence the ratio between renters and owners may be different now than a few years ago.
... more
0 votes 12 answers Share Flag
Thu Apr 8, 2010
Michelle Gittleman answered:
If you have an FHA loan then you would have had an FHA appraisal that will follow this property for 6 months. It would be in the bank's best interest to lower the price to the appraised value. I have had B of A agree to lower the price after the FHA appraisal came in $25,000. lower than the offer price. ... more
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Mon Feb 22, 2010
Bob Georgiou answered:
I have to totally agree with the second paragraph of Marston's post. When performing a short sale YOUR transaction "game" is being played on someone else's field, and that game is rigged. Like most rigged games its not about the player but getting all that players money. The game is supporting a broken system that created a boat load of artificial wealth, yours, mine, a bunch of greedy bankers, and a bunch of corrupt politicians. In a foreclosure (and possibly bankruptcy), you are not playing in their arena but exercising your own personal rights. This is not to say that short sales don't have thiere place for some, which is why some short sales do in fact close and that there are not consequences, there are. There are also some cases where a foreclosure is the right thing to do. Many times the consequences for a seller are the same for a short sale and foreclosure and that is bankruptcy. So why would anyone want to drag out a horrible process. This is precisely what happened to you. The seller, the agents, and the bank could have saved everyone a lot fo grief by avoiding this mess all together. ... more
1 vote 14 answers Share Flag
Tue Feb 9, 2010
Dp2 answered:
Another option for you to consider: a short-paper transaction. This is similar to a short-sale, and often transacts much quicker than a short-sale.
0 votes 9 answers Share Flag
Sat Jan 9, 2010
Dave Sutton answered:
You might ask another agent to show you a BPO form. All lenders use different forms (and some do their BPOs only on-line), but if you're concerned about it, a peek at the kind of information a BPO provides to the lender might help you. ... more
0 votes 5 answers Share Flag
Thu Jul 23, 2009
Bob Georgiou answered:
James,

Our CAR contracts are good for 3 days, shorter if the agent chooses. For that time period it means if a seller chooses your contract, it is expected that you act in accordance with what was written. (This is common sense since it is your contract). If you wrote 2 contracts at the same time and both get accepted, you have acted in "Bad Faith" meaning that you were planning on not acting on one of them and may be liable to the seller if your non-performance somehow costs the seller money.

It is best to wait until your offer expires then there is no obligation or expectation for you to perform.
... more
0 votes 8 answers Share Flag
Wed Jun 10, 2009
Robert Chomentowski answered:
The price should be recorded with the county recorders I think. But some investors supress the price. You would have to have the title company pull it for you.

There is a opening bid a trustee sale auctions. ... more
1 vote 1 answer Share Flag
Fri May 8, 2009
Whyknot answered:
We have been renting a home that Countrywide bought at auction. We have been trying for 9 months to purchase the home to no avail. They do not respond to offers. We submit the last one with an appraisal and got no response. Their realtor told me that they would likely sell the house to someone else for less money than they would take from us because we have been living in it.

You can't make this up. We can't purchase the home we are living in even at full price but they will "List it" for less once we have moved out....

Someone explain this logic to me...
... more
0 votes 11 answers Share Flag
Mon Mar 23, 2009
Bernard Gibbons answered:
Hi Minnie:

You are most unlikely to get a bank to contribute to the cost of repairs as virtually all REO sales are "As Is". The other thing you need to watch out for is that when the bank accepts your offer, it will almost always be by way of a counter offer that accepts the price etc. you offer (or sometimes counters it) and also has a contract modification. This often changes contingency removals to "passive" rather than "active", frequently with a reduced inspection period to say 7 days. What this means is that unless you state that you are not removing contingencies, they are removed automatically and you are contractually obliged to continue with the purchase.

You really do need an agent to represent you who understands how to stucture an REO purchase.

Bernard Gibbons

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Bernard Gibbons, Realtor, e-PRO Certified Internet Specialist
J. Rockcliff Realtors, 15 Railroad Avenue, Danville, CA 94526
Phone (925) 997-1585
bernard@bernardgibbons.com
... more
0 votes 5 answers Share Flag
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