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Property Q&A in Hercules : Real Estate Advice

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  • Local Info4
  • Home Buying23
  • Home Selling1
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Activity 22
Fri Nov 14, 2014
liukevin510 asked:
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This question was asked from this property: http://www.trulia.com/homes/California/Hercules/sold/3070967-103-Chestnut-Dr-Hercules-CA-94547
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Fri Mar 21, 2014
Crystal Shetaya answered:
Hi Maria

Were you able to find a property to rent? If not, I can help! Send me an email at crystal@luxorres.com with specific details you are looking for.

Crystal
0 votes 1 answer Share Flag
Tue Dec 18, 2012
The Medford Team answered:
Guess what … if the listing has the logo for RealtyTrac ...

Then what you are seeing is NOT an actual listing … it is an advertisement for RealtyTrac.

RealtyTrac is a provider of data for distressed homes. This data is used by investors and Realtors to track distressed homes. When you see the RealtyTrac logo, you are not looking at a home that is actually available for you to buy: what you are seeing at is either (1) the notice of default for one of the mortgages on the property in question, (2) a notice of an impending trustee sale or (3) a notice of a completed trustee sale.

RealtyTrac notices can be very deceptive because they usually give loan amounts, not the purchase price or fair market value. When and if this particular property hits the market, it will be at market price for the neighborhood.

Bottom line: RealtyTrac is trying to get you to sign up for their service.

The following links may be helpful:

When Is The Price Not The Price?
http://bit.ly/p11iq

It’s Too Good To Be True: REALLY – Top 4 Buyer Myths
http://bit.ly/4PKTHT

If you want to know when these or similar properties will actually hit the market, have a Realtor set you up with an auto-feed that will alert you the moment they become active on the MLS.
... more
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Fri Nov 30, 2012
The Medford Team answered:
Sales like this are always on the courthouse steps in the applicable county and always cash only. Even though the date showed as yesterday, sales are often postponed for various reasons. ... more
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Thu Nov 15, 2012
Nick S. Lavrov answered:
226 Apollo # 5 is/was a short sale and has been PSLA, (Pending Subject to Lender Acceptance) since 7/7/2012. Currentyly there is nothing Active on Apollo. All the sales have been around the 130-150K range. If you have more questions feel free to contact me. Cell works best; 510.459.3093. ... more
0 votes 1 answer Share Flag
Thu Nov 15, 2012
Viktor Manrique answered:
For an up to the minute list of Available Homes in ANY area, and or a List of Homes in default, email me with out cost of obligation. Quick response to all request. You can submit your request at www.RescueMyHome.us 24/7 ... more
0 votes 5 answers Share Flag
Thu Nov 15, 2012
The Medford Team answered:
If the listing has the logo for RealtyTrac ...

Then what you are seeing is NOT an actual listing … it is an advertisement for RealtyTrac.

In reality, this home was purchased at the courthouse steps by an investor. They might put it on the market as a flip, or may simply rent it out. There is no way of knowing what they might actually do. I'd recommend you have a Realtor set up an autofeed for you so that the moment it hits the MLS, you'll be notified.

RealtyTrac is a provider of data for distressed homes. This data is used by investors and Realtors to track distressed homes. When you see the RealtyTrac logo, you are not looking at a home that is actually available for you to buy: what you are seeing at is either (1) the notice of default for one of the mortgages on the property in question, (2) a notice of an impending trustee sale or (3) a notice of a completed trustee sale.

RealtyTrac notices can be very deceptive because they usually give loan amounts, not the purchase price or fair market value. When and if this particular property hits the market, it will be at market price for the neighborhood.

Bottom line: RealtyTrac is trying to get you to sign up for their service.

The following links may be helpful:

When Is The Price Not The Price?
http://bit.ly/p11iq

It’s Too Good To Be True: REALLY – Top 4 Buyer Myths
http://bit.ly/4PKTHT

If you want to know when these or similar properties will actually hit the market, have a Realtor set you up with an auto-feed that will alert you the moment they become active on the MLS.

www.trulia.com/blog/carl_medford
... more
0 votes 1 answer Share Flag
Fri Nov 18, 2011
Sergio Sosa, Broker answered:
332 Crowsnest Circle is not currently listed for sale. However, 348 Crowsnest is for sale and they have HOA dues listed at $295 per month. One bedroom, one bathroom units in this complex are typically selling between $90K and $100K. Please let me know if I can be of further assistance. ... more
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Sat Nov 5, 2011
diicious asked:
We have a boston terrier and was wondering if pets are allowed in this property.. thanks!

diicious@aol.com
-Febe Rios

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This question is about this property: http://www.trulia.com/re…
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Thu Oct 20, 2011
Pacita Dimacali answered:
The HOA dues are $271/mo and pays for Common Area Mainternance, Exterior Maintenance, Trash Removal, Water/Sewer

Price was just reduced to $79K
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Thu Dec 9, 2010
Jeff Kim answered:
Skip is a great CPA. He is located in Danville. His info is below. Good luck

Charlie Schuman
Ralph Swany, CPA
925-838-1050
925-820-9988 fax
charlie@skipcpa.com
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Tue Mar 2, 2010
Inga02 asked:
any agaent help???

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This question is about this property: http://www.trulia.com/foreclosure/2008445008--Overlook-Ter-Hercules-CA-94547
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Thu Dec 17, 2009
Pacita Dimacali answered:
There are currently 4 properties on S Wildwood with this configuaration that are in distress. However, none of them are foreclosed (yet).

UPDATE ON THIS PROPERTY
The particular property you inquired about received a notice of default just last month. However, the seller has several options to prevent its being foreclosed and may attempt to resolve this situation. And he has several months to try.

WAYS TO PREVENT FORECLOSURE
For example, if the seller wants to keep the house, one option is to request a loan modification. Other options include forebearance and reinstatement.

If the seller has no choice but to sell, he may first attempt a short sale in order to have less damage on his credit which will take the worst hit via a foreclosure or a bankruptcy. However, this particular property has three loans which may make it difficult to sell as a short sale should the seller get to that point.

MARKET VALUE, HISTORY, COMPS
Do note, however, that this property is valued at mid $200K --- so I seriously doubt you'll get it for the price that caught your attention in the first place.

if you are looking for good buys/deals right now, do engage a realtor to help you locate properties that ARE for sale, versus those that are posted with such incredibly attractive prices that are too good to be true --- which they usually are.

Your realtor can research the history of the property, outstanding loans and lenders, or in the case of a foreclosure how much it was foreclosed upon. And your realtor can give you comps that will show you the market values of the properties you're interested in, which you can use to guide you when you are ready to write an offer.

Please don't assume that the properties you see online, like the ones on RealtyTrac are for sale. In many cases, the reason why they're there is because notices of default/trustee sales are filed and are on public record. Some of them may be for sale. You will be better served by logging on to REALTOR.com to see properties that are actively offered for sale. Or ask your realtor to help.

Good luck!
... more
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Tue Dec 15, 2009
Kamal Randhawa answered:
Hello Ronnie,

I'm afraid Dave is right on about this one. Too many buyers are mislead by faulty information on 3rd party websites. Sometimes the very low amount listed on some of these properties is the default price. Once the property goes through the foreclosure process, it will be listed at market value with an agent. If you like, I would be happy to provide you with a current list of homes on the market and those that have sold so you'll have a good idea about what the market is doing right now. Good luck!!

Kamal Randhawa
Broker
510-932-1066
"Straight answers every time"
... more
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Mon Aug 24, 2009
Lydia asked:
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This question is about this property: http://www.trulia.com/foreclosure/2006381919--Valley-Run-Hercules-CA-94547
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Sat Jul 18, 2009
Dave Sutton answered:
Monica you buy this home the same way you buy any home, by contacting a local Realtor. I hate to burst any bubble, but the home will not sell for $40,000. It is listed for $419,000. (Check www.realtor.com if you want to veryify that). So your logical question is why does the Trulia listing show $40,000. The answer is that it's not an advertisement to sell a home, it's an advertisement for RealtyTrac (look at the bottom of the listing). They want to sign you up (for a fee) to get information that you can get better from your Realtor, which I hope I just demonstrated. The $40,000 is probably the amount of a second mortgage.

Why does RealtyTrac do this? The best answer I know of was written by my friend and fellow Windermere agent, Carl Medford. It's posted at http://www.trulia.com/blog/carl_medford/2008/12/when_is_the_price_not_th
... more
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Thu Jun 18, 2009
Kamal Randhawa answered:
Hi Michael, I'm sorry but the property is already pending. I know it's weird because its only been on the market for 1 day but thats how fast good properties are going with todays incredible interest rates and buying power. Let me know if you'd like to receive listings of properties soon as they appear on the MLS, I'd be more then happy to send them to you.

Good luch and God bless with your house hunting..

Kamal Randhawa
Broker
510-932-1066
... more
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Fri Jun 5, 2009
Virginia Harris asked:
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This question is about this property: http://www.trulia.com/foreclosure/2005840826--Valley-Run-Hercules-CA-94547
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Sun May 17, 2009
Kathryn Sarabia asked:
I understand that the home is a fixer upper. please contact me at:
kathrynsarabia@yahoo.com

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This question is about this property: http://www.trulia.com/foreclosure/2005175772--Part…
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