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Home Selling in Hayward : Real Estate Advice

  • All300
  • Local Info17
  • Home Buying127
  • Home Selling17
  • Market Conditions10

Activity 24
Fri Sep 29, 2017
Jfoley answered:
we have active buyers and potential sellers coming in every month. About 230 in total every 30 days in the bay area. Give me a call. Jack (443)603-1074
0 votes 11 answers Share Flag
Wed May 31, 2017
Taskeen Fatehdin asked:
zillow has one but i cant post on it for some reason
0 votes 0 Answers Share Flag
Tue Sep 29, 2015
Kamiach answered:
If the county or the state officials placing any individual in a foster home home or group home or assisted-living..... They all have had supervision one way or another. However there are individuals that they have a lot less supervision than the others which they have been determined by the government officials that they can be alone without supervision therefore, anybody who lives around them should feel very safe because buy end of the day they all being supervised. ... more
0 votes 5 answers Share Flag
Mon Sep 14, 2015
Susie Kay answered:
Yes, they can. Future buyers are not members of the HOA (yet). You probably can call on behalf of the buyer and see whether they are willing to let her attend.
0 votes 3 answers Share Flag
Fri May 29, 2015
Kelly Pessis answered:
I am not sure of the question, what is your concern? Disclosure of which units are section 8 followed by a tenant estoppel cert in escrow is what you need to do procedurally. The new landlord will have to abide by whatever rent stabilization and section 8 rules he/she inherits. ... more
0 votes 2 answers Share Flag
Tue Jun 12, 2012
If your loan is an adjustable rate mortgage or an FHA loan, it is, most likely, an assumable loan.
The new buyer will have to qualify for that loan through that company. There is usually a processing fee charge of up to 2% on that. Your current mortgage servicer can answer as to whether or not the loan is assumable and will send you out a package to have the buyer complete.
You will then be removed from liablity on the loan and can move on with out any future headaches.

If your loan is not assumable, then, you will be going on pure trust!

If you deed the property to the buyer and allow them to make your mortgage payments you have no control over the property.

Make certain that you still are on the title ( maybe at 1/2% interest) and that you have the new owner send you the payment that you forward to the lender. Once the new owner establishes that they are trusted to make the payments, you can lighten up on that specific requirement.

Once the new owner is on the title of the property for 12 months and payments can be documented, they will be eligible to refinance the home.
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0 votes 4 answers Share Flag
Wed Aug 31, 2011
Centermac Realty answered:
If you're looking to qualify under HAFA, it's not necessary that this is your primary residence. Short sale simply means lenders agree to take a haircut on the amount owed to allow you to close escrow when your house is "underwater".

Under HAFA, you get $3000 relocation costs which other short sale program may not offer. So if you're not concerned about getting that money, you don't consider whether to stay in that house as opposed to rent it out.
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0 votes 15 answers Share Flag
Mon Aug 1, 2011
Dawn Rivera answered:
Hi Hayward, I would go ahead and use the September and October pay stubs. As stated below they will ask for more before your done.....Good Luck, Dawn
0 votes 9 answers Share Flag
Mon Aug 1, 2011
Dawn Rivera answered:
Hi Hayward, It depends on who your loan or loans are with. BofA has a online system called Equator that allows your realtor to put it in the system before you get an offer. Equator has also recently added wells fargo, ASC, BSI financial Services, and Nationstar Mortgage. If you do not have one of those lenders you will have to sign a third party authorization so your agent can call your lender to ask about their shortsale package and you will most likely have to get an offer before you can submit the package. Each bank has a different policy and so you or your realtor will need to call them.....I am in the midle of a short sale in Vallejo and it is a HAFA short sale and they HAVE asked for a gas bill, water bill or electric bill. If your loan was a frannie mae or freddie mac your loan will qualify for HAFA and they will ask. (call me if you have more questions about this) ..... I have other short sales in hayward and just closed one in fremont. I am very good at getting a short sale closed if you need my help feel free to contact me....Dawn 510-909-0373 ... more
0 votes 8 answers Share Flag
Thu Jul 28, 2011
Dawn Barrier answered:
Great reminder point from Carl about keeping up the HOA payments.

Also, any utilites, garbage, etc as some lenders give a hard time on these expenses as well.

Dawn Barrier
Century 21 Aadvantage Gold in Las Vegas ... more
0 votes 17 answers Share Flag
Tue Jan 4, 2011
. answered:
Short sale. The parties bringin the foreclosure own nothing. No condition precedent. They are working the home towards foreclosure sale to bid it against you. Its up for grabs so think, why trust these people with a short sale offer. See the deed on sale if you lose and dont beleive me. Write the offer and send to the FDIC and by pass the stroke....and waste of time
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1 vote 5 answers Share Flag
Tue Jan 4, 2011
J Mario Preza answered:
I would suspect that the agent whom you decided upon was someone you were happy with when you originally hired him, correct? That being said, it sounds to me like a dose of "buyer's remorse" (in this case as a homeowner, you "bought" the services of that agent to help sell the house).

Unfortunately something about the agents actions hasn't sat well with you, for whatever reason. Have you had a heart to heart discussion with that agent to see if a satisfactory correction can be had? If not, I would think that would be the first line of attack in such situations.

I recall a similar incident with a seller client whom I originally helped buy the very house they wanted to sell -- 16 years later. Like any good Realtor/business person, I stay in touch with all my past clients -- anniversaries, newsletters, post-cards, etc., so that they can remember me when the important time comes along, or to say hi! This client, after 16 yeas called me to list their house, right around the time the market had already started to change, affecting pricing from high to moderate. They were not too pleased with the changes, the news or the bearer of the message (ME!). But, I can only speak to the facts, the rest is up to the client.

I suspected that this initial meeting set up the predictable outcome. After about two weeks on the market, the Mrs. wanted to cancel the listing without so much as an explanation. I confronted the issue head on and found out that there were expectations that were not being met, I suggested a course of action to correct her expectations, and thought, and explained that in fairness to what my company could do, it was a bit extreme to suggest that in a couple of weeks we had lost her confidence, particularly since we sold them that house 16 years prior!

Well, a long story short, although we solved the problem, it later wound up going south again. She ultimately hired someone that met her expectations on a cultural level, and I had to settle for that in a professional manner. You see, agents are people too, and what we may over look due to whatever else is going on, can be corrected, but only if there is an open communication and a willingness to do so.

So, talk to your agent to see if whatever isn't right can be corrected, and give that person the opportunity along with the ultimatum. If it goes unresolved, then you can certainly proceed as you and that agent discussed to your best interest. Hope for the best.

J. Mario Preza, CRB
DRE: 00668667
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0 votes 12 answers Share Flag
Mon Jan 3, 2011
Tom and Joanne Team answered:
Minute Lady:

This is really a question for an attorney, but banks are very weary of arms length transactions. Best
0 votes 8 answers Share Flag
Mon Jan 3, 2011
Amy Givoni answered:
It's unlikely the bank would approve a short sale to the seller's relative. They usually want the sales to an Arm's Length Transaction. Please call us to discuss your specific situation.

Short Sale Department, LLC
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0 votes 6 answers Share Flag
Wed Oct 6, 2010
I'm curious. How did you receive financing with non-permitted improvements?
0 votes 8 answers Share Flag
Fri Feb 19, 2010
Jose Diaz answered:
JG. Let me know if you still need short sale advise. My office in Fairway Park in the 94544 zip code. I specialize in short sales and have7 short sales in the 94544 zip code currently.. If you are still in need of experts advise I am here to help. ... more
0 votes 3 answers Share Flag
Thu Sep 17, 2009
James Gordon ABR SFR SRS answered:
Andrea you would need to contact Google to fix the street view. Trulia gets their street view as a direct link to Google.
0 votes 1 answer Share Flag
Mon Aug 31, 2009
The Hagley Group answered:

May I ask what you need this for? I can provide more accurate info. if I know
0 votes 1 answer Share Flag
Mon Aug 17, 2009
Keith Sorem answered:
Hate to say it, but a seller can sell to whomever they wish.

However, because their is a divorce case I am sure your friend has an attorney. This is not a normal sale, but a division of assets. I think that the attorney and judge would find your question very interesting.

This is not legal advice. For legal advice her attorney should be of help.

I hope she receives a fair settlement.
... more
1 vote 2 answers Share Flag
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