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Home Selling in Oxnard : Real Estate Advice

  • All161
  • Local Info10
  • Home Buying46
  • Home Selling8
  • Market Conditions0

Activity 10
Thu Oct 1, 2015
Arpad Racz answered:
Hi,

Curb appeal is of great importance in resale, so I would recommend at least focusing on the front yard.

All the best,

Arpad
0 votes 4 answers Share Flag
Fri Oct 10, 2014
Jennifer Grace answered:
Within all the fees that appear on a HUD1, there are some set fees and some negotiable fees. As an agent, you should have a relationship built with a title company who can help answer these questions for you. They can tell you what is negotiable and what is set.
Buyers and Sellers, this is why working with an experienced, full time agent can be valuable. Your agent should be able to tell you what is set and what is adjustable.

Not all title companies are the same, and their customer service is not the same. Being able to reach your title company, get answers and know that they are working diligently on your file is important. Don't cut corners, it could cost you more in the end.
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Fri Oct 10, 2014
inna ivchenko answered:
I will need to agree with the answers below,(I'm not a lawyer, I work with short sales ). In short sale listing: all terms are subject to lien holder approval : SSIA #10.
Also according to SSIA #9: ''brokers do not, and can not , assure that either a seller or a buyer will perform on their agreement or that the lender will agree to any of the terms presented''. ... more
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Mon Dec 17, 2012
Barry Shapiro answered:
Find out instantly how much similar homes are selling for in your neighborhood. Simply type in your home's attributes and receive a (complimentary) confidential report emailed to you within 10 minutes. ... more
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Sat Feb 18, 2012
John Arendsen answered:
Is this a valid and viable answer to Lissa's question or an advertisement. Last I checked we have to pay for adds.
0 votes 13 answers Share Flag
Sun Jun 5, 2011
Barry Shapiro answered:
Annie,
Thank you for reaching out for answers. The Bank of America has been in the distressed property news headlines recently concerning the way they allegedly handled some military foreclosures: http://www.dsnews.com/articles/justice-department-settles-with-servicers-over-wrongful-military-foreclosures-2011-05-31 & here is a copy of the officially filed Complaint by the US: http://media.signonsandiego.com/news/documents/2011/05/26/BAC_Complaint_Filed.pdf ... So, as long as it's purchase money on the first mortgage, you will be okay on the short sale. Check out our site and the interactive video to explore all your options. Seek legal counsel and tax advice as well before making a final decision.
IMPORTANT GOVERNMENT DISCLOSURE: You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you will not have to pay us for our services. The above brokerage is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.
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Sat Apr 23, 2011
John Arendsen answered:
Heidi, Enjoyed your comment albeit somewhat frustrating and difficult to read in one paragraph. You might consider breaking it up into smaller paragraphs. You will definitely get a lot more readers. Most folks find it very difficult to track a run on paragraph and tend to skip over them. Just some friendly advice from one professional to another. ... more
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Fri Nov 6, 2009
Tracy Lu Guillen, Esq. answered:
All of the entry level houses and condos are selling extremely quick...mulitple offers and bidding wars. Condos for 100k are flying off the market! Houses for $300k are impossible to get an offer through right now. ... more
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Tue Aug 18, 2009
Bonnie Sterling answered:
LISTEN UP PEOPLE WHO "LET" THEIR HOUSES GO INTO FORECLOSURE. HERE IS SOMETHING IMPORTANT FOR YOU TO CONSIDER>

Hi Rylan,

If is it is any consolation to you, a lot of people who invested in homes took money out after they purchased or refinanced. When you purchase a home the original loan that you use, in our state, is a non-recourse loan. A non-recourse loan means that once the bank forecloses, they have no recourse to the debtor for the rest of the loan balance due after the bank sells the property, also called the deficiency. However, if your friends refinanced their loans or took money out in a second note, any loans that were not for the actual, original purchase of the home are recourse loans and your friend may find that rather than owing money on a house that is "upside down" they now owe money and have nothing, not even the upside down home to offset their debt. And, they may think that because they have not been contacted to pay a deficiency they are OK but I believe the timeframe that the bank can seek the deficiency is three years and banks, who are so behind the curve to prepare for all of these foreclosure are preparing to go after their losses. (Kinda funny because our tax dollars bail them out of their losses and then when they recover some of them, they get to keep that money too.....but that is a whole topic for a blog and probably not your answer)

So, there is a chance that these "investors" will be a little shocked by their unsavory choices.

There are homeowner who are owner occupants and are insolvent, they probably have nothing to loose and could file bankruptcy. But these investors with rental properties probably have primary residences and other assets that will not make it as easy for them to discharge the debt even through bankruptcy.

This is why it is important to negotiate terms for short sale, loan modifications and even deeds in lieu of foreclosure. If you just stick your head in the sand and walk away from the property, you dont have a lot of negotiation once they already have the property back. This is a serious financial situation for people and it requires a serious commitment to follow it through to the best possible resolution.
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Sat Jun 27, 2009
Bob Georgiou answered:
Legally? Probably.

If you don't like the agents advice the first step is to call his broker.

There are reasons for not countering buyers closing costs. If your transaction is short sale, or that the credit will make your home a short sale is the most obvious. This is more a technicality than is is legal matter which can all be handled.

It might be helpful to us if you explain the agents reasoning.
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