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General Area in Gardena : Real Estate Advice

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  • Home Buying7
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Activity 3
Fri Jan 21, 2011
Tass answered:
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Wed Jun 2, 2010
Dorene Slavitz answered:
Dear Marycestrada,
Talk to an Agent who can help to to find suitable properties and who is not afraid to work with the seller and their agent to present a lease to purchase proposal to them. Once you identify a property you will need to
hire a real estate lawyer to draw the documents and explain your rights, including those of possession and default consequences. The property might be encumbered by underlying loans that contain alienation clauses, giving the lender the right to accelerate the loans upon sale.

. Agents are not always involved in the exercise of lease options. if you have retained real estate agent representation, you still need a real estate lawyer. Agents are not lawyers and cannot give legal advice.
... more
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Tue Feb 17, 2009
Natalee Thurston answered:
Dear Roxy,

First question is, for what reason are your getting an appraisal? For instance, if is for a Relocation and you have a "Buyout" with your Relocation company then is usually looking for a quick sale and if the foreclosed properties are true comparable's, except for the fact they were foreclosed. Then, I can see why they would use them. ( Quick Sale ) Usually in an appraisal, they should use true comparable sales and note if it was a distressed or foreclosed property. Then again, if those are the only Sales in the area, then that is why they would have to use them. I would call the Company that you paid to appraise your home and ask them to go through it with you and to answer all of those questions. If the appraisal was for a Sale that you have on your home and it came in low.....I hope that it was not FHA or VA for the Buyers financing, those I believe stay with the property for 6 months . ... more
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