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95628 : Real Estate Advice

  • All28
  • Local Info1
  • Home Buying10
  • Home Selling2
  • Market Conditions4

Activity 23
Sun Oct 15, 2017
Cathy Voigt asked:
Thu Aug 24, 2017
Sally Grenier answered:
Do you live in a neighborhood with an HOA? Seems to me you can do whatever you want -- unless you need HOA approval.
0 votes 1 answer Share Flag
Mon Jan 23, 2017
David Blake answered:
I am looking for an FHA Construction to Permanent loan with a single closing in the bay area as well?
0 votes 12 answers Share Flag
Sun Nov 1, 2015
Derek Jones answered:
Trulia gets their crime info from and so you are better off going to them to get it corrected as Trulia doesn't have the ability to correct those websites. ... more
0 votes 1 answer Share Flag
Mon Aug 3, 2015
Derek Jones answered:
Do you have a question about this particular home?
0 votes 1 answer Share Flag
Tue Jul 21, 2015
Arpad Racz answered:
Hi Robert,

Building a home can be quite time consuming, but with many areas having low inventory, it can be an interesting option.

Kind regards,

0 votes 13 answers Share Flag
Tue Aug 5, 2014
Jay Emerson answered:
Ask the seller who got into escrow with a buyer, taking the home off the market only to lose the buyer, didn't get to keep the deposit (bad or no agent advice), and missed the peak of the summer price trends. Ask the buyer who didn't receive the seller's disclosures (bad or no agent advice) and is now in a legal battle over non-disclosure issues. Each of these principals SHOULD have had a better agent to protect their interests before, during, and after the sale. In short, if you know real estate law, principles, and practices, you don't need an agent. Oh, and you better have E&O and liability insurance since you are taking on a licensed profession in your spare time. ... more
0 votes 8 answers Share Flag
Tue Jun 17, 2014
The Stephen FitzMaurice Team answered:
Depends on your offer price, but it can make it a lot more difficult. VA loans didn't account for many sales in our area (also a hot market in Portland).
0 votes 17 answers Share Flag
Mon Dec 2, 2013
Jason Walter answered:
Hi Jeff! When buying a foreclosed home, you purchase it from the bank and not the current owner. This is because the bank forecloses on the home in order to mitigate their losses. You can purchase a foreclosure by bidding on the courthouse steps (a very competitive process now) or by placing an offer on a property that is listed on the MLS. You will get a negative response if you contact an owner who is underwater in their home.

To no fault of your own it's a common myth that foreclosed homes sell for less than what they are worth. Regardless if a home sells on the courthouse steps as a foreclosure or a home that's a traditional sale that was listed on the MLS, the home will sell at more or less current market value. Therefore, I recommend to get in touch with a qualified Realtor to help you with your home search. I hope that helps but please contact me if you have any questions.


Jason Walter

REALTOR® - lic #01923240
Certified Public Accountant (CPA) - lic #103885
Hammer Real Estate Group
cell ph (916) 716-1341
... more
0 votes 6 answers Share Flag
Tue Jun 4, 2013
Pat Coursault answered:
Yes you are still obligated to pay your rent. Some landlords will work with you on a possible incentive for allowing the home to be shown to a prospective buyer while you are living there. The short sale only means that the seller is selling the property for an amount less than what is owed to the bank. ... more
0 votes 10 answers Share Flag
Tue Mar 19, 2013
Michelle Lehman answered:
Hi Griv,

Keisha and Bruce have already answered your question with the stats. The house is indeed beautiful and the pictures are great. A couple of issues that could be affecting the time on the market with the price you have are the stairs, steep driveway, and tri-level for the less than young people who may be looking in Fair Oaks. Another may be the proximity to Players and Carmelita's and the parking issues, and the third could be the noise from Sunrise.

Your home is a special home that won't appeal to all buyers, but someone will fall in love with it. I've sold a couple of homes in your neighborhood that actually backed to Sunrise Blvd. Good luck!

Michelle Lehman, Broker Associate
Century 21 Noel David Realty
DRE License#00779645
... more
0 votes 4 answers Share Flag
Fri Mar 15, 2013
Bruce Slaton answered:
I am not an attorney so you should consult one for legal advise

If the property sold on 2/21/2013, your landlord would have 21 days to provide you an explanation of charges to your deposit, items that they were charging due to damages etc (of course this would have happened when you moved out, not while you are in possession). The NEW owner in your case should be liable for your deposit as they are the new owners and would have made contact with you prior to deal with transfer of the agreement, inform you where to pay your rent from 2/22/13 forward etc.

They would also be required to provide you notice to vacate. IF the previous owner had given you notice to vacate let's say a week before it closed, it would be invalid upon the sale of the property and the new owner would have to give you notice to vacate. Those are all legal requirements which you haven't noted above.

As for a refund of rent, you are paying for the right to occupy the property, if you lived there up until the 21st, you would owe rent to the previous owner for the period up to the 21st and the remainder to the new owner up until you vacate.

NOW sometimes people say "sold" when they mean "pending sale", meaning the previous owner went into contract on 2/21/13 and they are in escrow, that would make sense why they are dealing with you even if they are no longer the owner. "Sold" is the day escrow closes.

It would be great if you provided an more solid update but if you need to talk to an attorney, I recommend Jonathan Stein in the Elk Grove area.

Regardless of all of this, a landlord is required to provide you an accounting of your deposit within 21 days of the end of your tenancy which appears to not have happened yet so you may be in a little grey area without more information to elaborate.

Bruce Slaton
Realty World eCurb REALTORS
... more
0 votes 1 answer Share Flag
Mon Feb 25, 2013
Horizon Properties answered:
Technically the owner must serve you with a Three-Day-Pay-Rent-Or-Quit notice before any legal action can start. If he serves you and subsequently accepts any money from you at all, it renders the notice void. He would then have to serve you with a new notice for the updated amount of money that you owe. You cannot be evicted if you have not been notified what you owe and are given an opportunity to pay it via the notice. ... more
0 votes 2 answers Share Flag
Tue Apr 10, 2012
Rene' De Blanco, MBA answered:
Have you considered a HOMEPATH property? The best part of a HOMEPATH home is you can put as little as 5% down (score of 680), or 20% down (with score of 620), AND there is NO mortgage insurance (with 5% down)..

Kinecta Federal Credit Union (a not-for-profit direct lender) is one of few HOMEPATH lenders in the country, with a presence in California.

Hope this helps!

Rene Joseph De Blanco
... more
0 votes 6 answers Share Flag
Tue Apr 10, 2012
Max Boyko answered:
As far as I know, and I just studied for real estate testing (brokers), all offers must be presented to the seller, even if the property is in contract.
0 votes 7 answers Share Flag
Tue Apr 19, 2011
Martin Witter answered:
Hi Marie,
Both areas are real nice locations. The main differences Fair Oaks is an older community with more established landscaping. Folsom is newer and close to the lake. The best way to see what you really are interested in is to create yourself a search for homes for sale. This way you can start looking at the pictures and get a better idea of the area. My web page has such a search and it is free to use. Let me know if I can help you in any way. I do answer my phones. If you have any issues with the search let me know and I will create the search for you. ... more
0 votes 6 answers Share Flag
Tue Apr 5, 2011
Jim Walker answered:
R R R -Ring.

I thought the bell rang two years ago, but then the banks kept hitting the snooze button, (smiley face)
banks made it too hard for good risks to get mortgage loans.
0 votes 6 answers Share Flag
Sat Feb 12, 2011
Nancy A. Meier answered:
Hi Jeff,

Of course rents would be dependent upon several factors including location, condition and square footage.
I encourage you to check out Craigslist and type in Fair Oaks or 95628 and also where you can check out homes and their current rental amounts. Don't hesitate to contact me if you have more specific questions... we specialize working with many property investor clients. ... more
0 votes 7 answers Share Flag
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