Looking for a Realtor with experience with REO properties within Oakland

Asked by Sarah, Alameda, CA Wed Aug 20, 2008

(in or around montclair, rockridge, or pocket areas around lake merrit). Anyone have a good and trusted referral - with experience to back it up?

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4
Linnette Edw…, Agent, Oakland, CA
Wed Sep 10, 2008
I'm very experienced with representing Buyers on REOs and Short Sales and would be open to answering any questions you might have as you are in search of a Realtor. You can read more about me at http://www.MyHousingGuide.com/about There are several client quotes there and access to Yelp for more reviews.

I can also give you many references.

Take care!
===============
Linnette Edwards
Associate Broker, REALTOR ®
Prudential CA Realty
Cell: 925.580.8801
Other: 510.435.3833
Fax: 866.657.1459
http://www.MyHousingGuide.com
0 votes
Lisa Cartola…, Agent, Oakland, CA
Wed Aug 20, 2008
Sarah,

Hi. For the areas you are looking in there are a few REO's. They tend to be condos, not single family homes. There have been a few single family homes in these areas as well but the price point on these are definitely higher due location. For example there was recently a bank owned property on Trestle Glen and on Holman. The one on Trestle Glen appeared to have some issues with microbial growth in the basement and basically was sheetrocked with no finishes. This one was reduced to $679,500 and went pending pretty quickly. The one on Holman was on the market 7 days listed at $500,000.

With bank owned properties, each transaction can be a little different depending on the lending organization that is selling the home. In addition the disclosures provided to you the buyer are limited becuase these banks did not live in these properties.

What type of financing are you planning on using? This will also impact the type of REOs that you can purchase. FHA financing as well as the City of Oakland programs have specific guidelines regarding the condition of the home at the time of purchase. As you might suspect many of the bank owned properites are in various states of deferred maintenance, so keeping in mind that there may need to be repairs is an important factor when setting your budget.

I have experience with on the listing side as well as the purchase side of these types of transactions and can help answer any of your questions.

If you would like to discuss further or would like a list of bank owned properties in the areas you are talking about you can email me at Lisa@LisaCartolano.com

Warm Regards,

Lisa Cartolano
Web Reference:  http://www.LisaCartolano.com
0 votes
Kenneth Lee, Agent, Piedmont, CA
Wed Aug 20, 2008
Hi Sarah,

My husband, Ken and I have extensive experience with REO properties. We've represented the banks as well as the buyers. We understand the process and would be happy to work with you.

Currently, there are some foreclosed homes in many of the more desirable neighborhoods in Oakland and it's a great time to buy.

Best regards,
Mary
Web Reference:  http://www.apr.com/mburns
0 votes
Traci Tompki…, , Victorville, CA
Wed Aug 20, 2008
Hello Sarah~ I know a good agent out there but the name escapes me, I will be able to have the name for you tomorrow...I know this doesn't help right now, but for sure tomorrow... you can email me tomorrow as a reminder... youragent@tracitompkins.com
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