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Foreclosure in San Francisco : Real Estate Advice

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  • Local Info250
  • Home Buying988
  • Home Selling131
  • Market Conditions81

Activity 132
Wed Mar 8, 2017
Angelica P answered:
Hi,

I apologize we have false foreclosure information listed on our home details page. This data is provided to us from Zillow foreclosures and we currently do not have the ability to edit or remove the information that they are sending us.

Please be advised that I have created a ticket to Zillow Consumer Care to request the removal of the foreclosure status from your property on Zillow. Once the status is removed from Zillow, it will automatically update to Trulia after 24-48 hours.

Let me know if you have additional questions.



Thank you for using Trulia!

Angelica
Consumer Care Advocate
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0 votes 1 answer Share Flag
Fri Feb 17, 2017
Donald D. Hensel answered:
If you have a down payment of 50% and experience in real estate many hard money lenders would be interested but the sale at the court steps would make things more complicated as the transaction wouldn't have title insurance and go through escrow.
http://www.northcoastfinancialinc.com/hard-money-lenders-california/san-francisco-bay-area-hard-money-lenders-loans/
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2 votes 2 answers Share Flag
Wed Feb 1, 2017
Deborah Beland answered:
Is it safe to purchase a quick sale all in cash offer
0 votes 16 answers Share Flag
Mon Jan 30, 2017
Sheryl Arndt answered:
Hello Catliberta, you may be able to negotiate closing the sale of your home concurrently with the purchase of the new foreclosure purchase. The market is low of inventory of homes for sale so they sell quite fast where these types of negotiations are possible today.

Do you have your home listed? Do you know the value and have an idea of where you want to buy now? A CMA, comparative market analysis can be done on your home for an idea of a market value to start with. Are you looking to buy in 94114 zip code of San Francisco?

The purchase in 94114 start from 799k for 1bd 1ba 808sf condo, $1,099,000 for 2bd 1ba 1,044sf condo, $1,350,000 for 3bd 2ba 1,402sf top floor unit and the single family homes start from 1.5m for 2bd 1ba 1,100sf home.

You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation for each applicant.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
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0 votes 1 answer Share Flag
Sat Mar 19, 2016
mercedes asked:
Mon Feb 1, 2016
Ryan Rudnick answered:
Your best bet is to get in touch with a realtor who can gather more information for you. If it's a bank owned property, you'll ideally want someone with experience in that type of transaction as they can be quite different from a typical resale. Good luck! ... more
0 votes 1 answer Share Flag
Tue Aug 25, 2015
Natengage89 answered:
where can I find real estate agent in Los Angeles who specialize in foreclosure homes?
0 votes 5 answers Share Flag
Tue Aug 18, 2015
Paolarileyi answered:
One way to find foreclosure listings, is call a professional Realtor and they can send you Bay Area foreclosure listings. However, in today's market, foreclosure listings are not always the least expensive listings. I suggest you give your Realtor your criteria on what you are looking for and the maximum price you are willing to spend and then from there you will get a list of properties that match your wants. http://ForeclosureIQ.com ... more
2 votes 8 answers Share Flag
Tue May 26, 2015
Robert Krop answered:
You will need cash. You can check the online auction sites to see when sales will take place. Very rarely will you have time to get a loan to do that.
0 votes 5 answers Share Flag
Tue May 26, 2015
Robert Krop answered:
If you mean by at auction, you will need cash. You can check the online auction sites to see when sales will take place.
0 votes 7 answers Share Flag
Tue May 26, 2015
Robert Krop answered:
You can try: http://www.makinghomeaffordable.gov/

I recommend calling an agent specialized in short sales however to discuss your options.
0 votes 8 answers Share Flag
Tue May 26, 2015
Robert Krop answered:
Tue May 26, 2015
Robert Krop answered:
You can look for homes here on Trulia or your realtor can always send you foreclosed listings.
0 votes 9 answers Share Flag
Tue May 26, 2015
Robert Krop answered:
Short sales - Sellers own home and are asking the bank to forgive the amount they will be short at settlement. Foreclosure - technically is a home that is in foreclosure and hasn't been foreclosed yet, but most of the time on line, you are seeing a bank owned home for sale. Bank owned - means that the home was foreclosed and the bank purchased it back at auction. ... more
0 votes 4 answers Share Flag
Tue May 26, 2015
Robert Krop answered:
The bank may honor the contract, but I would recommend looking for a new place to rent.
0 votes 7 answers Share Flag
Tue May 26, 2015
Robert Krop answered:
They would have been required to notify you. They have to post in on the home and in the news paper and online. They also would have mailed you a notification.

If they truly did non of these things, then you would have a case against them. ... more
0 votes 6 answers Share Flag
Tue May 26, 2015
Robert Krop answered:
The auction dates and times will be posted in the news papers and online.
0 votes 1 answer Share Flag
Tue May 26, 2015
Robert Krop answered:
Never say never, but its probably not likely.
0 votes 2 answers Share Flag
Tue May 26, 2015
Robert Krop answered:
Well, for any professional to better help you, it better for them to have a way to contact you.
0 votes 4 answers Share Flag
Wed May 20, 2015
Cindy Davis answered:
On the foreclosures, the amount you are seeing is likely to be the amount owed by the homeowner to the lender.
0 votes 1 answer Share Flag
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