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Alum Rock : Real Estate Advice

  • All57
  • Local Info7
  • Home Buying17
  • Home Selling1
  • Market Conditions4

Activity 33
Thu Apr 27, 2017
Greentekfirst answered:
Property liens can be Involuntary (I.E. HOA, judgment, mechanic, tax etc.) or Voluntary (mortgage, refinance, home loan etc. ).

Both have to be satisfied/paid in full before title can be conveyed properly. In most cases, Involuntary liens can be negotiated with the creditor for a smaller amount due to the nature of the encumbrance.

First mortgages (AKA senior liens) always take priority over second mortgages (junior liens) in a foreclosure proceeding or auction.

For more information on this subject you can visit https://www.ustitlerecords.com/title-search-resources/ for helpful resources.
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0 votes 18 answers Share Flag
Wed Feb 1, 2017
Greentekfirst answered:
Always but always do your due diligence! Regardless of the source, perform a preliminary title search first before committing with earnest money or down payments. We have learned the hard way and will never make that mistake again. A great resource we found for expedited title and lien search services is US Title Records. Online title search company that covers every county throughout the United States.

See: https://www.ustitlerecords.com

Mark
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0 votes 20 answers Share Flag
Sat Jul 30, 2016
Mitchell Pearce answered:
Marcia:

You have two ways to get the first trust deed to go away.

Way one is to pay it off either with cash or by getting a loan on the property that pays off trust deed by paying off the loan it secures.

Way two, if there is sufficient equity in the home, is to sell the home, pay off the first trust deed, and keep the profit.

Way one through financing means you need a lender. Way two means you need a realtor.

You are welcome to call me at 408-639-0211 to discuss this in more detail.
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0 votes 1 answer Share Flag
Thu Jul 14, 2016
Sally Grenier answered:
I'm not sure what you're talking about. You cannot buy a home just by paying off a 2nd lien. You should probably talk to a local REALTOR and explain to them the situation and what you're trying to do. ... more
0 votes 1 answer Share Flag
Sun Jul 19, 2015
Sam Shueh answered:
If you wish to purchase a day care center go through a commerical or business opportunity realtor.
If you want to find one just drive around look for signs.

Sam
0 votes 1 answer Share Flag
Sun Jul 19, 2015
Fern answered:
Crime rate isn't bad. Parking is horrible due to too many people living in "single family dwelling".
0 votes 4 answers Share Flag
Mon Dec 29, 2014
Valli Lopez answered:
Depending on your visa type, you can get a loan for 20-30% down. I specialize in foreign buyer loans and have done this many times. If you do not have a visa, we use your canadian tax returns to qualify you. No US credit score is ok too. I've done loans like this for buyers from London to Australia and working on one from Japan and one from Mexico now, it's an easy process actually. Much easier than the American loan process because we document less due to a large down payment.

Hope this helps.

Valli Lopez
NMLS 98530
619.916.9595
Valli@Vallilopez.com
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0 votes 7 answers Share Flag
Mon Jul 28, 2014
Huey Nguyen answered:
Hello eliyoung9,

Please review the agreement and documents you reviewed/signed before putting in your bid. Do you have contingencies on this offer/bid? What are the terms of the offer? Is there any verbiage regarding revocation of your bid/offer?

Your Realtor/agent would be able to best answer these questions for you. Please review the contract/offer documents with him/her. My colleague, Annette, is right - the answer to your question is in the documents, to which we do not have access.

Best of luck,



Huey Nguyen
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1 vote 2 answers Share Flag
Mon Jul 21, 2014
Sam Shueh answered:
Shawna,
Your best bet is go to County records at 70 West Hedding to search yourself. It is free
Sam Shueh
Keller Wms Realty

http://x299322.yourkwagent.com/
0 votes 3 answers Share Flag
Mon Jul 14, 2014
Sam Shueh answered:
convenience to major job center. Crime rate, schools.
0 votes 6 answers Share Flag
Mon Feb 24, 2014
Francine Terrell answered:
My business contact is 408-202-5875...
0 votes 4 answers Share Flag
Thu Sep 12, 2013
Michelle Carr-Crowe answered:
This is a great example of why people buy title insurance. When there are legal issues-bankruptcy, foreclosure, liens, etc., you need to know the home you paid good money (and insurance) for is safe.

Be sure to connect with the title company's legal department.
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0 votes 7 answers Share Flag
Tue Sep 10, 2013
Grace Hanamoto answered:
Hi Crista:

Thanks for your post.

As the others mentioned, the home is still available but it's not a foreclosure or short sale. Further, I think that the pricing is probably higher than the current market will bear--thus, the reason the home is still "active" and on the market. As one of the other agents mentioned, you would be best served by hiring an agent to assist you in the purchase of the home. While you can certainly use the listing agent, it's not always in your best interest to do this since it will NOT get you a better price nor any advantage in buying a home in a competitive market.

If you really want to "go this alone", you can see what homes are available here in Santa Clara by using the public portal of the multiple listing service at www.mlslistings.com. This site is NOT affiliated with any real estate agent or company, and you can view all of the homes available for sale within the county.

But, I would strongly suggest finding and hiring a great agent to help you. After all, you won't pay for the services of the professional (that's paid by the seller), and you will have someone there with knowledge to help you. And, in some cases (like me, for example), the Realtor will give you money BACK at the end of the transaction from the commissions they earn on this home. At a purchase price of $700K on a qualified home (not a short sale or foreclosure), a rebate with a discount Realtor like me would get you $10,000--which can help you move to the home or make needed improvements or repairs.

So contact an agent and get help.

Good luck!
Grace Morioka
Allison James Estates & Homes
Rebates to Buyers up to 50 percent on qualified purchases/ Low Cost Listings to Sellers
Tel (408) 426-1616
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0 votes 3 answers Share Flag
Mon Sep 2, 2013
Grace Hanamoto answered:
Hi Desiree,

Thanks for the post, and you ask a very good question!

I have to say that, frankly, whether or not to pay for a home with cash or use the same money as a down payment is a question you should answer with the help and advice of both your mortgage lender and your real estate agent.

Depending on your specific financial situation and the price range of the homes in which you are interested in purchasing, you might be better off offering all cash to the seller than offering to purchase a home with a loan. However, if you believe that a seller may prefer a cash offer over a higher offer with a loan, you will be mistaken. Because almost every seller has multiple offers from which to choose, the one who gets the home is often the person most willing to offer the highest price, rather than cash, for the property.

The only time that cash is more valuable than an offer with a loan is in the purchase of distressed housing...and there are precious few of those around these days.

So, best advice, contact your agent and your mortgage broker or lender and develop a purchasing strategy that will enable you to make a winning offer on a home you really want. Good luck!

Grace Morioka
Allison James Estates and Homes
Tel(408) 426-1616
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0 votes 2 answers Share Flag
Mon Sep 2, 2013
John Juarez answered:
Are you really asking Realtors to suggest to you ways in which you can lie and cheat in order to score a sweet deal to which you are not entitled?
0 votes 3 answers Share Flag
Sat Jul 27, 2013
Juliana Lee answered:
Yes it is for sale. To see home values in Alum Rock visit
http://julianalee.com/san-jose/alum-rock-statistics.htm

or if you prefer to look at home values by zip code visit
http://julianalee.com/zip-code/95127-statistics.htm

Juliana Lee
Top 2 agent nationwide at Keller Williams Realty, the nations largest
Cell 650.857.1000

Over 20 years experience
Over 1,000 homes sold in Santa Clara County and San Mateo County
.
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0 votes 5 answers Share Flag
Sat Jul 27, 2013
Barry Mangan answered:
Rebekka,
The one bedrooms would include 4 active condos in 95116 which range from a short sale offered at $180,000 up to just under $249,000. Call me if you would like more information. (408) 309-2596.
Barry Mangan, Realty World Land of Liberty
Barry@BarryMangan.com
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0 votes 1 answer Share Flag
Wed May 1, 2013
Lamson Dang Broker/Listing answered:
Hi Renters,

You can visit my website and leave a request. I will let you know when there is one that might fit your needs.
http://lamsondang.com
Thanks and best wishes,

Lamson Dang
R.E. Broker
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0 votes 3 answers Share Flag
Sun Apr 28, 2013
Juliana Lee answered:
The home is located about 5 miles to the east of Mineta Airport. The runways run south-east to north-west so most airplanes wouldn't fly overhead.

The home is about 5 miles north-west of Reid Hillview airport there will likely be an occasional small airplane flying overhead.

Between the two airports, much of San Jose will have overhead airplanes but mostly high enough not to be a big nuisance.

Alum Rock neighborhood real estate statistics at
http://julianalee.com/san-jose/alum-rock-statistics.htm

San Jose real estate statistics at http://julianalee.com/san-jose/san-jose-statistics.htm
... more
0 votes 2 answers Share Flag
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