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Oakhurst : Real Estate Advice

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  • Local Info0
  • Home Buying3
  • Home Selling2
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Activity 8
Wed Jun 17, 2015
Kenji Inui answered:
If the equity is not there you may be stuck with an FHA loan... unless you want to bring money into closing to lower your LTV to qualify for a conventional loan (95% LTV max). Also call a lender to see if you are HARP eligible. If so you are golden! ... more
0 votes 2 answers Share Flag
Tue Dec 10, 2013
JR Thrasher answered:
I recently wrote a blog about finding foreclosures on Trulia. I'll put a link to it in the web reference below, That should answer all of your questions.

J.R. Thrasher
... more
1 vote 11 answers Share Flag
Wed Apr 24, 2013
Mack McCoy answered:
- What if the curcumstances are that you own the property through forecloser but title never got changed?

Well, it's your responsibility to clear up this little matter, and I strongly suggest you do so ASAP.

All the best,
... more
0 votes 4 answers Share Flag
Mon Mar 18, 2013
Edith Karoline Jasser answered:
There is now question, what would you like to know?
Good Luck to you

Sincerely yours,
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and
Investors alike....And always with a SMILE :)

Covering for @Properties Chicago & suburbs, and with her trusted Partner
Agents US & world wide properties. French, German, some Spanish &more or
Check out my website at
Get to know me! Learn about my experience, expertise, services! Read letters
of recommendation! Sign up to search for properties in my expanded service area.
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Sun Jun 24, 2012
Cindy Davis answered:
People do it all the time! Of course! The longer a home has been on the market, the greater the chances that it's overpriced. The only exception to this are those homes that are a short sale.

I strongly suggest that when you write your offer you do your homework first. Find out what the owner paid for the home and what their mortgage is on it. All too often these days, sellers are upside down yet trying to sell without taking a loss.

Have your agent try to find out what the seller's motivation is. Do they have to sell? Or are they thinking they will rent it out if it doesn't sell?

How strong is your credit and cash position? Typically, the more cash you have, the more desirably your offer will be...If you are only doing 3.5% FHA loan, you will likely have to go a bit higher than someone with cash.

A typical buyer mistake is to pick a number out of a hat and just write it your homework first and you stand much greater chance of getting the home you want!

Good luck.
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0 votes 3 answers Share Flag
Fri Mar 30, 2012
Laura Corey answered:
Hi Samantha,
According the the Yosemite Gateway MLS, there have been 8 closed sales of short sale homes in Oakhurst since Sepember 30, 2011. The average days on the market for those 8 homes was 252 days. That being said, there are two parts to the time it takes to sell a short sale, both the time it takes to market it and get an offer, and the time it takes to get the bank to respond to an offer. Every bank is different, some are getting better on their time frames, and it's important to have a listing agent who is on top of it to make sure it doesn't take even longer than necessary.

If you'd like to talk about a specific situation, I'm happy to help. Just call or e-mail me.

Laura Corey
Guarantee Real Estate
License #01303203
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0 votes 1 answer Share Flag
Mon May 2, 2011
Joyce Cortez answered:
Wed Mar 16, 2011
Debra Kroon answered:
Danielle, not only can first-time buyers purchase a foreclosed home, but some sellers -- such as Freddie Mac (FHLMC - Federal Home Loan Mortgage Corporation) -- encourage offers from first-time buyers and currently provide a two-year home warranty for those buying a Freddie-Mac-owned home for their primary residence. Mark Yu's answer gives you more details, and Sylvia Barry makes a good point, too.

There is no feeling quite like being able to walk in to YOUR home, knowing you can paint and decorate and landscape to your tastes, making it your own special place! Let us know if we can help,


Debra Kroon, GRI, SRES
Broker-Associate, Realtor
Yosemite West Real Estate, Inc.
40982 Highway 41, Suite 8D
P.O. Box 2011 - Oakhurst CA 93644
559/683-3416 direct
... more
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