Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Oakland Ave/Harrison St : Real Estate Advice

  • All18
  • Local Info1
  • Home Buying8
  • Home Selling0
  • Market Conditions1

Activity 15
Mon Apr 24, 2017
Ebosales2 answered:
We have more than average credit I guess (691/744/706) scores. We want to go conventional loan but we can't seem to save money right now. We probably have about 2k saved but since I get paid once a month our savings starts to get pinched. Should we just go FHA because we don't have 10-20% down? We want to buy a 120k-150k house. Also can't forget about the closing cost. Its a sellers market right now and its tough. Any suggestions? ... more
0 votes 8 answers Share Flag
Mon Feb 2, 2015
The Stephen FitzMaurice Team answered:
Talk with local property management companies, or check Zillow / Trulia / Craigslist, but be aware there are many scam listings (for low rent).
0 votes 7 answers Share Flag
Fri Jan 30, 2015
mpcapoeira asked:
Since there were lots of police cars and many streets were blocked I was concerned to the extent of the incident just for a matter of precaution.
0 votes 0 Answers Share Flag
Mon Feb 17, 2014
John Juarez answered:
Hi, John. That unit is, indeed, for sale. It is a normal sale by a development company. Offers are due Wednesday evening. What more would you like to know?
0 votes 1 answer Share Flag
Thu Nov 7, 2013
Mrs. Holly Brink answered:
Don't Do It! J/K If you do: Document, document, document. If you are renting with them you want to make sure everyone is actually on the lease agreement. I also suggest some sort of roommate agreement that spells out everything from paying rent to food to friends sleeping over. It may be awkward or feel silly or strange- but trust me- if you don't spell it out and discuss it ahead of time there will be issues. ... more
1 vote 8 answers Share Flag
Thu Oct 17, 2013
Jackie Care answered:
No.Some landlords may not post properties on Craigslist but they will check for potential tenants who advertise they are looking. You could try advertising yourself as a potential tenant. Wellington property management is one local company you could contact. Sometimes you can get a place ahead of the crowd through a property manager For $1500 you may want to check a less pricey area like Maxwell park or further South. Or a condo near lake Merritt. Montclair and Piedmont Ave areas are not realistic with that budget. ... more
0 votes 4 answers Share Flag
Tue Apr 30, 2013
Carmel Kavanagh answered:
Single Family Homes/Condos—You do not have full rent control protection if you live in a single family home (note that a single family home with an illegal in-law unit counts as a 2 unit building) or a condominium and you (and your roommates) moved in on or after January 1, 1996. While these units do not have limits on rent increases, they do have "just cause" eviction protection, meaning you can only be evicted for one of 14 just causes. ... more
0 votes 2 answers Share Flag
Mon Mar 11, 2013
Dawne24 answered:
I went and saw a house this weekend, where one whole wall was open to the living room. They claimed it was the 4th bedroom. Has anyone else seen this? Is this legal?
0 votes 6 answers Share Flag
Tue Jan 15, 2013
John Juarez answered:
You are entitled to a free copy of your credit report each year for each major credit reporting agency. Check the links that Pacita and Sheryl have provided.
0 votes 2 answers Share Flag
Sun Jul 8, 2012
Cheryl Berger answered:
For that size of a home in Oakland the range can be anywhere from $450-$650. One of the inspectors that myself and my clients really enjoy working with is Jay Marlette. He is extremely thorough in his inspections.

Jay Marlette's Home Inspection
(510) 847-2171
http://www.houseman.org/
... more
1 vote 9 answers Share Flag
Thu Jun 21, 2012
Claire Wills answered:
Here are two websites you can navigate that are great.

www.creia.org
www.nachi.org/CA

Crampton Inspection Services gets rave reviews from many Realtors and Homeowners.
Here is his site.
http://www.your-home-inspector.com/
(925) 376 7707

Good Luck Greta.
Best, Claire.
... more
1 vote 1 answer Share Flag
Sat Jan 29, 2011
Tammy Deitz answered:
Steve,

The title of your question integued me to click on it as I am a Short Sale Specialist. I saw very few answers to your question, but am happy to see that you have some great answers that are spot on, especially Lisa's!

In Colorado, I see many people look at the public trustees online notes and tell me who is foreclosing on the home. Most of the time they are incorrect on their assumption. The public trustee shows the name of the bank who originally initiated the "Deed of Trust". Colorado is a Deed of Trust state versus a Mortgage state, but I won't go into a long explaination about that.

Anyway, that Deed of Trust was then sold to another bank (and maybe this happened several times while the owner owned it) or maybe the Deed of Trust is services by another entitiy or Servicing Company and the holder of the Deed of Trust may also change servicing companies. There are so many senarios.

But, for example, I had recently an Ocwen serviced loan change hands in the middle of my short sale. I called up (as I do every week) but this time when I called in they said, "We no longer service this loan". It took me about 48 hours to get the info on who they moved it to as it was not even in Ocwen's computer system yet. Long story short, next thing you know I was working with HSBC versus Ocwen. This situation is unfortunately, very typical.

Here is another fun example for you. When working with Chase on a Short Sale you first need to know whether it is a first or a second. Then you have to know whether it is owned by Chase and serviced by Chase or just serviced. There are 4 different departments based upon 1st/2nd - Owned/Just Serviced. (And now they are also outsourcing to a Collections company and sometimes you have to deal directly with them instead of Chase.)

When negotiating a short sale you need to understand all of this and especially who owns the note and who services the note. There are different rules for a Wells Fargo Owned/Wells Fargo serviced or just Wells Fargo serviced. Then add in if it is an FHA note or a Fannie Mae/Freddie Mac and take all those rules also into the picture. If you not confused already, through in one of the many PMI companies that may have backed the note. And, I have not even started in on whether or not you are doing an HAFA short sale or a traditional shortsale.]

But I have strayed off your question. So, bottom line, in answer to your question, Yes...I can believe that over half or more of the homes in foreclosure are not owned by the foreclosing party. The foreclosing party is foreclosing on the note that was sold to them or is serviced by them on behalf of the party who now ownes the note, but the name on the note never changes.

Tammy Deitz
RE/MAX 100
Denver, CO
... more
0 votes 6 answers Share Flag
Sat Mar 27, 2010
Rose Nied SHORT SALE REALTOR SPECIALIST IN HIGHER END HOMES answered:
The banks want to make sure that you are really qualified and that in case something happens to your loan, if you choose to use it, you have a back up plan and can go forward. Many times, as stated below, the seller will give you an incentive to use a particular bank. Again, a good agent will also be able to explain these questions to you...Please feel free to discuss your concerns with your agent as that is what they are there for. Rose Nied, Alain Pinel Realtors (510) 530 7011 ... more
0 votes 5 answers Share Flag
Sat Mar 27, 2010
Rose Nied SHORT SALE REALTOR SPECIALIST IN HIGHER END HOMES answered:
Very difficult price range...You are in competition with a large group of first time home owners and investors. Many of these have all cash and if you have a loan, especially a FHA loan at 3.5 down, it is not as strong as a 10 or 20 percent down and certainly is not as strong as an all cash offer. Have you had your agent check what the winning buyers offers have been and if they were all cash...or maybe it was their terms. In some of these cases, if you have the time to do your inspections ahaead of time and are comfortable going forward after seeing the reports, you might be able to waive your contingency period for your inspections which might help you make a stronger offer...but even then if you have a loan copared to cash...the strategy probably will not work. Again, you are not alone. I just heard of an agent who got 17 offers on his listing...the market is very active and difficult. Look at homes that have been on the market a long time...ones that may not have the competition...this might also help you. Also get to them as soon as they come on the market...this also sometimes helps by getting the first offer in. Patence ... the right house is out there for you...Rose Nied, Alain Pinel Realtors ... more
0 votes 10 answers Share Flag
Sat Nov 28, 2009
Jessica DeLaney answered:
Hello, I would have to agree that a discussion with your mortgage broker is the first step. They are your go-to resource for all things loan/appraisal. And be sure to include your Realtor in the conversation so that they can assist in any way that falls under their expertise. The Realtor and the Loan Officer are two key members of your team and they should both be ready to assist you in any way possible to get your loan closed and moved into your new home!

Sounds like you may be considering doing repairs to this property? I would not advise you, as a buyer, to put any upfront money/repairs into the home. We have a saying in the Realtor community, "Dont smell the roses until escrow closes!" because anything can happen and if you end up not being able to complete the sale, you don't want to lose any additional investment to improve someone else's property.

Best of luck to you!
Jessica
... more
0 votes 2 answers Share Flag
Search Advice
Search

Followers

375