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Home Buying in Castro Valley : Real Estate Advice

  • All128
  • Local Info20
  • Home Buying39
  • Home Selling5
  • Market Conditions7

Activity 50
Fri Mar 10, 2017
Nunini answered:
They are terrible if you want to walk downtown or to middle schools/high school, etc.
0 votes 7 answers Share Flag
Sun Jan 29, 2017
Sheryl Arndt answered:
You may now qualify ONE DAY after a short sale, foreclosure or deed in lieu with 20% down and minimum 620 fico. If you want traditional financing FHA 3.5% down it will take 3 years and minimum 580 fico score,.

You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation for each applicant.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 424k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 424k.

You may also consider down payment and closing costs assistance programs 3 years after a short sale, foreclosure or deed in lieu.

You could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs. You may close with minimal out of pocket expenses. You may consider the CalHFA from a minimum 640 fico score and the Sapphire Grant from a minimum 620 fico score up to 424k.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 17 answers Share Flag
Wed Sep 24, 2014
Arpad Racz answered:
Hi Jenna,

Please let me know your preferences (email them via my profile):

Preferences.
1. Price Range
2. Property Type (Single Family, Condo, Townhouse)
3. Area (names of city, zip codes, specific streets, etc.)
4. Minimum Number of Bedrooms
5. Minimum Number of Baths
6. Minimum Living Area Sq. Footage
7. Do you prefer a normal lot or do you require a large lot
8. Do you prefer a pool
9. Are there any other criteria that are important to you

Kind regards,

Arpad
... more
0 votes 3 answers Share Flag
Thu Jul 24, 2014
Yanoska Diaz answered:
If there is a purpose to selling the house other than collecting/pocketing the profits then of course. If you plan to purchase similar house in the same neighborhood, evidently prices have gone up and you will just investing the equity into another property... ... more
0 votes 6 answers Share Flag
Thu Jul 24, 2014
Nancy Lucas answered:
When establishing a sales price the starting point is the most recent, most relevant sales figures for similar homes. What happened a few years ago doesn't have any bearing. And no one knows what will happen in the future. Also consider the home's condition, how it compares with others currently on the market. It's part science and part art. A good agent will help you reach the "Goldilocks Moment" -- figure out where the price is "just right." ... more
0 votes 10 answers Share Flag
Wed Jul 23, 2014
Elisa Uribe answered:
HI Mayra, Are you in contract? The property above is pending but I would be happy to help you if you are still in need of a good agent servicing Castro Valley and other east bay areas.

You can view clients reviews through Trulia if you would like to do a bit of research on me before calling. Thanks, and all the best. Elisa
... more
0 votes 2 answers Share Flag
Wed Jul 23, 2014
Elisa Uribe answered:
HI Eros, Did you ever by the foreclosures you were looking for? There are not too many around but there are always houses for sale and we can do our best to find you a good deal.

I have client reviews on Trulia if you want to do a bit of research before contacting me. Happy to help and would love to earn your business. Thanks, Elisa 510-485-7272 elisa@rockridgedigs.com ... more
0 votes 4 answers Share Flag
Wed Feb 19, 2014
carol thornberry answered:
I think the homes in all of those areas are comparable. The main difference is that the Crow Creek area is a much smaller community and many of them have no front or back neighbors. Crow Creek is also closer to freeways and stores, restaurants in Castro Valley. I think driving around the three communities will give you a better idea of the type of setting you would prefer. Right now there are no homes for sale in Crow Creek, but I would be happy to forward any new listings that come on the market. Thank you. ... more
0 votes 3 answers Share Flag
Sun Dec 29, 2013
The Medford Team answered:
In my opinion, you would be better advised taking the amount you are paying for premiums and investing it in seismic retrofitting. The area you live in is flat - if you were in the hills of Castro Valley I'd be a bit more concerned. Here is a post that addresses all of the issues relating to earthquakes here in the Bay Area:

http://www.trulia.com/blog/carl_medford/2011/08/earthquakes_increasing_5_critical_things_you_need_to_know
.
... more
0 votes 4 answers Share Flag
Thu Oct 17, 2013
Bill Eckler answered:
Don't try to go "solo" on this.....even though everything seems fine at this point, all you have to do is introduce one challenge and things can become quite tricky....seek the support of an attorney that will represent you specifically on this to protect your interests.

There could be any number of things that could go left unaddressed without the proper support.

Good luck,

Bill
... more
0 votes 6 answers Share Flag
Sat Oct 5, 2013
Matthew Smith answered:
Whomever you choose for you inspections should be certified by either ASHI (American Society of Home Inspectors) or NAHI (National Association of Home Inspectors).
0 votes 8 answers Share Flag
Fri Sep 13, 2013
Meena Gujral answered:
Congratulations on your new home.

You should call the Alameda County office since they will be answer that question. Agents cannot answer that question since it is not something we have access to.

Meena Gujral
Achievers Realty
http://www.helpusellachievers.com
925-425-9491
... more
0 votes 1 answer Share Flag
Sat Sep 7, 2013
Serean Kimmel answered:
Pick a Realtor that cares about you. You and everyone else want to buy and get a great deal in a great neighborhood. There are more good qualified buyers than we can shake a stick at. If you want to accomplish your goals in Real Estate find someone and commit to them. They in turn will commit to you. ... more
0 votes 2 answers Share Flag
Fri Jul 5, 2013
Pacita Dimacali answered:
NOTE on CFs-Mortgage --- their site says for residents of Arizona and Southern California. Has that changed?
0 votes 8 answers Share Flag
Fri Jul 5, 2013
Pacita Dimacali answered:
Have you already spoken with a mortgage lender? If not, that should be your first step. There are different answers depending on your situation

What type of loan did you have on your short sale
What were extenuating circumstances and reasons for your hardship
Were you ever late on your monthly payments

Here's an article that says "FHA describes extenuating circumstances as circumstances that were beyond the control of the borrower, such as a serious illness or death of a wage earner, and the borrower has re-established good credit since the major credit event. For FHA, Divorce is not considered an extenuating circumstance. An exception may, however, be granted where a borrower’s loan was current at the time of his/her divorce, the ex-spouse received the property, and the loan was later foreclosed. Lastly, FHA does not consider the inability to sell the property due to a job transfer or relocation to another area does not qualify as an extenuating circumstance.

So in short, a prospective homeowner can buy after short sale with FHA right away (and VA) if there are NO LATE PAYMENTS and other nuanced conditions are met and after 3 years if there are late payments on the mortgage and/or installment debt. For Fannie Mae backed loans, with 10 percent down a prospective homebuyer can purchase AFTER 2 YEARS if they can document their extenuating circumstances."

Your mortgage broker can provide the guidelines regarding what it will take to qualify to buy again after a short sale

Good luck to you
... more
0 votes 6 answers Share Flag
Fri Jul 5, 2013
Pacita Dimacali answered:
The best thing to do is consult with your mortgage lender. There are different guidelines depending on what transpired that led you to do a short sale

What type of loan was it?
What were the extenuating circumstances?
Were you ever late on your payments?
What was your hardship?

Different answers for different situations.

Get thee to your mortgage broker to find out what will apply in your case.
Good luck.
... more
0 votes 2 answers Share Flag
Mon May 27, 2013
John Juarez answered:
Count me as another who will tell you that the seller cannot arbitrarily cancel the contract to sell the home to you. Read and understand your contract for insight into contingency periods, including the time period for lender approval. If you do not understand that issue, talk to your agent and get an explanation. ... more
0 votes 5 answers Share Flag
Thu May 23, 2013
Meena Gujral answered:
Hi John,

I used to live in Castro Valley so I know a lot about the area and schools. Almost all the schools are very good in Castro Valley, but the price range of $400K will not find much there. You may be able to find condos and townhouses but there is no chance of finding a Single Family home in the Castro Valley schools.

Some areas of Castro Valley come under Hayward schools which I am sure you are not looking for.
So if you find a home in Castro Valley, make sure you call the school district to see if that address is in the Castro Valley schools or not.

Thanks

Meena Gujral
www.helpusellachievers.com
510-279-9580
... more
0 votes 4 answers Share Flag
Sun Mar 17, 2013
Charis Brown answered:
YES.

You can check out www.cfsflex.com. They specialize in purchase transactions and are one of the top 25 lenders in Maricopa County.

In 2011 I had to short sell my home and at the time I thought I would have to wait forever. My Realtor turned me on the the Flexible Credit Loan. It seemed too good to be true, but I got approved and now have a pending offer, even after my short sale less than two years ago. Big banks said it could not be done. Obviously it can. ... more
0 votes 7 answers Share Flag
Mon Mar 11, 2013
Nancy Massa answered:
i have a rentle which i am thinking of selling but to individules only. it will not go on the market and i will not be selling via a realtor. if i do i already have one. contact me if your interested in a 3/2 by Bart.
vetbuy@comcast.net Nancy
... more
0 votes 4 answers Share Flag
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