Can i see this property kindly this week? Maybe Monday or Tuesday. Tuesday is better.

Asked by James Lorenzana, Palmdale, CA Sun Mar 14, 2010

Call me at (661) 229-8484.

Is the property titled or owned by bank?

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This question is about this property: http://www.trulia.com/property/1062915415-30825-The-Old-Dirt…

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2
BOB Khalsa, Agent, Newhall, CA
Sun Mar 14, 2010
James:

Few things you should know.

1. There is a disparity between the tax assessor's description in terms of the square footage and number of bedrooms and bathrooms. In all probability there are unpermitted additions. This will cause problems in getting an appraisal which is likely to be "subject to" removal of the additions and not "as is" with the way the property sits today.
2. Unpermitted additions will also cause you problems in insurance, especially if a claim has to be made leading to possibly a denial of either coverage or the claim or both.
3. The property is in a severe fire hazard zone. You need brush clearance up to a specified distance to meet insurance requirements. This will be an additional chore and cost.
4. There appears to be repairs required on the property. It therefore looks doubtful, considering the repairs and what was stated earlier, for a lender to make a loan on the property. You are, in my opinion, looking at an all cash deal.

If you need to view the property let me know.

Bob Khalsa
Broker
United America Realty
661-513-4433
scvbroker@gmail.com
0 votes
Tony Lewis, Agent, Valencia, CA
Sun Mar 14, 2010
James, Let me know the best day and time to meet and we can see the home asap! Call me at 661-510-7975 also visit http://www.TonyLewis.com contact information and to search the MLS as well as see all Bank Owned properties on one page. See you soon, Tony Lewis * "RE/MAX of Valencia
Web Reference:  http://www.TonyLewis.com
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