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Home Buying in Clayton : Real Estate Advice

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  • Local Info4
  • Home Buying4
  • Home Selling0
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Activity 7
Sun Nov 5, 2017
Frank S. answered:
Hello Rana, you would all have to look at the contract. In CA there is a 21 day loan contingency that they can back out within that time frame with no penalties. They can cancel with the cause of the title issue without penalty as well. You need to speak with the broker to see what the contract says and come up with a game plan to pay the lien or add an addendum for seller to pay the lien from the proceeds. ... more
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Mon Jan 25, 2016
No. Counties only take cash on the courthouse steps.

I do not check replies, so if you have a comment or question email me here:

Alex Greer
Loan Officer
NMLS #1056079
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Mon May 18, 2015
Yes. I do. We can go to 3.5% down with a 580 credit score and with 10% down we can do a 550 credit score.

I do not check replies, so if you have a comment or question email me here:

Alex Greer
Loan Officer
NMLS #1056079
... more
0 votes 1 answer Share Flag
Fri Apr 19, 2013
Bob Georgiou answered:

This is America, you can do whatever you want but this is also California and backing out of escrow means the seller and his lawyer will have a say based on what was offered initially in your contract. Be very careful about this sort of thing with a Realtor CAR contract. They are considered good faith contracts and the consequences for backing out could be costly.

Like everyone said below, for best information, consult an attorney for good advise with the exact situation.
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Fri Feb 8, 2013
Ron Thomas answered:
As of Tuesday, August 2nd, 2011; it is still going down!!!!

I can say that with certainty!
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Thu Oct 25, 2012
Slowfoodisgood answered:
I've often wondered about this. There is a section in the offer form where you can request the owner's acknowledgement of the offer, but I have a feeling this doesn't always happen.

I am certain that some realtors don't make their clients aware of certain offers and give priority to offers from buyers represented by agents in their own office, or may shy away from offers via agents they dislike.

What I suggest is to mail or deliver a copy of your offer to the owner of the house. No reason why you cannot do this. You could include a personal letter emphasizing why you love the house, etc., and let them know you plan to live there and be part of the neighborhood, etc. I know I'd prefer to sell my home to someone who'd be a good neighbor than someone who'd just rent it out. There are ways to find the names of owners (like using or property tax records.

I believe there are some really unscrupulous realtors around -- especially in Clayton where I know of one who even told me that they like to keep listings "in-house" as "special gifts" for buyers who work only with them (those would be the "coming soon" homes that don't get signs put outside until it's sold and never go on the MLS. This realtor will argue that some clients like the privacy of such a sale ... but I imagine that's only after the realtor has painted a horror story for them first. Yikes.
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Fri Jun 22, 2012
Pacita Dimacali answered:
First of all, if you're looking to buy a property, your best bet is engage a realtor to help you, and/or to go to to see what properties are actively offered for sale.

Realtytrac provides information on properties that have received notices of default/trustee sale. However NOT all of these homes are put up for sale since some of the property owners find a way to resolve their delinquencies.

And yes...once the bank forecloses on a property, they typically engage a realtor to list it on the MLS when you and your agent can find out more information like how much it foreclosed for, what it is listed at, what concessions if any the foreclosing bank i offererng.

Just to satisfy your (and my) curiosity, I looked at what's actively offered for sale in Clayton as of this writing

15 homes
2 are bank-owned
4 are short sale

What sold since January 1
78 homes
16 were bank-owned
26 were short sale

What are pending as of this writing
64 homes
3 are bank-owned
33 are short sales

Hope this helps
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