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Spanos Park : Real Estate Advice

  • All16
  • Local Info3
  • Home Buying9
  • Home Selling0
  • Market Conditions1

Activity 14
Wilfredo Urb…, Real Estate Pro in STOCKTON, CA
Sun Feb 23, 2014
Wilfredo Urbina answered:
Hello. Looks like 1402 Green Ridge Drive Stockton, CA 95209 is pending for short sale approval. Seller accepted an offer on 10/21/13 and waiting for bank approval. Very nice house.

If you need anymore information, feel free to give me a call, text, or email. If you are interested in that area, I can send you active listings.

Thanks!

Wilfredo (Willy) Urbina
Urbina Properties
Real Estate Broker/ Realtor
CalBRE# 01911190
Notary Public Commission# 2029004
Unlawful Detainer Assistant (Evictions) #UN-38
Cell: 209-275-4192
Fax: 209-684-0099
Email: urbinaproperties@gmail.com
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0 votes 1 answer Share Flag
Randy Elliott, Real Estate Pro in Lodi, CA
Sun Apr 14, 2013
Randy Elliott answered:
Great advice Don...for NY perhaps. But most definitely not for here in CA. Not at all in fact.

Typical short sales do not take that long in CA. I've listed, got under contract, got the approval and closed escrow on many short sales well under 6 months. I've closed most under 4 months, and a few of them even in 2-3 months tops.

I'm sorry it seems that short sale lenders you're dealing with in NY don't have the same turn around time we're having in CA, but I often encourage my buyers to seriously consider short sales because they can get the home for often a lower price than the same home in a traditional sale situation, and if there's only one loan on the property we're going to most likely close escrow in a very timely manner.

Maybe we just have a more positive attitude and approach to short sales? I don't know, but at least that's a better start.
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0 votes 11 answers Share Flag
Randy Elliott, Real Estate Pro in Lodi, CA
Tue Oct 9, 2012
Randy Elliott answered:
Hello,

Have you found the answers that you were looking for? If not, then feel free to contact me directly and I'll put you in touch with the person/people to assist you locally. I work in the Spanos Park area often.

Randy
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1 vote 3 answers Share Flag
Marilyn_714, Home Buyer in Stockton, CA
Sun Sep 16, 2012
Marilyn_714 answered:
Jan Truscott, Real Estate Pro in Stockton, CA
Mon Sep 10, 2012
Jan Truscott answered:
Hi Laura, Since you appear to be unable to get in touch with anyone at the property, your next best option is to contact the City's Water Department and ask for their help. Try the contact info below..... Jan Truscott

Stockton District
After Hours Phone Number
(209) 464-8311

Customer Center
1550 West Fremont St., Suite 100
Stockton, CA 95203
8 a.m. to 5 p.m.
(209) 547-7900
infoSTK@calwater.com

District Manager
Ross Moilan
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0 votes 2 answers Share Flag
Kim Salaices, Real Estate Pro in Stockton, CA
Sat Jul 9, 2011
Kim Salaices answered:
Are you in Spanos East or West?
0 votes 4 answers Share Flag
Bob Lane,  in Stockton, CA
Sat Apr 16, 2011
Bob Lane answered:
Hi Janet,

Depending on how long you put your offer in, your agent should make contact with the listing agent to 1) make sure they received your offer and 2) to get any updates as to what is going on. When you find that out from your agent then you'll know which direction you'll want to go, as in, sticking around or move on and start looking at more homes. There could possibly be a few things going on with the seller and mortgage company but your agent should speak to the listing agent to get that information for you.

Good luck and hopefully you'll get the answers you need and if things don't work out for you I'd be more than happy to help you.

Bob
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0 votes 9 answers Share Flag
Fatima Cannon, Real Estate Pro in Stockton, CA
Tue Nov 30, 2010
Fatima Cannon answered:
The HOA is M & C Association Management, the community name is River Rock Condominiums.
0 votes 3 answers Share Flag
Bill Eckler, Real Estate Pro in Venice, FL
Mon May 10, 2010
Bill Eckler answered:
Sally,

The death of the owner doesn't necessarily mean their property will be "foreclosed" by the bank.

The normal occurance is the their property will be passed along to their heirs. Someone should shortly be contacting you to make arrangements for your rental payments. ... more
0 votes 5 answers Share Flag
Charlie Cole…, Both Buyer and Seller in San Diego, CA
Tue Mar 16, 2010
Charlie Coleman answered:
Ok.....first you need to really understand this process when talking about short sales. I'm surprised your agent didn't explain this process before you wrote the offer but maybe they did and in all the excitment you've forgotten. It happens......

1. Seller needs to qualify for the short sale and a lot of listing agents don't do this and they just list the home as a SS. The seller really needs a "hardship" to qualify or your sale is not going to happen.

2. I'm assuming Modesto area might be a little quicker but in San Diego a short sale can take 90 to 120 days from the time you write the offer to actually closing with such lenders as Bof A or Chase.

3. The bank has to assign a negotiator, the listing agent does a Brokers Price Opinion (BPO) and does a complete "short sale package" and includes the buyers offer to be submitted to the lender. If the package is done wrong or something is missing your going to lose weeks in your processing.

4. Once they have the completed package they will assign an appraiser and this is where you are right now. This is a good thing.......it took me two (2) months just to get to this point (I'm representing a buyer). You must know they have 3 phases of the "short sale process".

5. They have ordered the appraisal and reviewed the SS package. Once this is done you have completed the 1st phase.

6. Phase #2 they need the Hud statement from escrow officer to crunch the closing cost numbers to see if this is going to work for the bank. It should take 2 to 3 weeks for some kind of an answer and it might be an acceptance, maybe an increase in the sales price or you the buyer paying some of the banks closing cost to close the property. If your a FHA buyer you may not be able to do this so I hope you've had a discussion with your lender. Once this is approved your onto Phase #3

7. You now to have to move forward and remove all you contingencies within the time frames of your contract. Get your loan doc's signed and close this property.

Bottom line is have patience and work with your agent.....remember they are working for you and they are constantly trying to get updates for you. Remember PATIENCE........good luck. You and your agent can always follow my blog www.charliecoleman.posterous.com
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0 votes 6 answers Share Flag
Jane Grant, Real Estate Pro in Aguanga, CA
Sat Mar 13, 2010
Jane Grant answered:
You may want to save yourself some grief and remove your personal information.

If you hire a Buyer's agent to assist you with these types of questions then you will get better service and you will not have to pay them.

The Seller will pay your buyer's agent when you find a home.
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0 votes 2 answers Share Flag
David McKeev…, Real Estate Pro in Stockton, CA
Thu Jan 14, 2010
David McKeever answered:
Marilyn,
I would adivse you to speak with one of the counselers at the City Of Stockton Revitalization Department, Housing division. They can point you in the right direction towards home ownership. The City of Stockton is now accepting applications for the Down Payment Assistance Program. This is a program to help low-income people get assistence.

City Of Stockton Revitalization Department
Housing Division
425 N. El Dorado Street, 3rd Floor
Stockton, CA 95202
(209) 937-8539
FAX: (209) 937-5099
http://www.stocktongov.com/housing/HomeBuyers.cfm
Thank you,
David
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0 votes 3 answers Share Flag
Sj209, Both Buyer and Seller in California
Mon Nov 2, 2009
Sj209 answered:
Check fema.gov (map 6077c0315f) to be sure but as far as I know all of Spanos Park is considered:
Zone X
Other flood area
"Areas protected by levees from 1% annual chance flood"

Parts of northern Spanos Park may fall outside this protected area. I do not know if it floods there often of not but there seems to be pretty good drainage and places for the water to run off to when I look around that area while passing through. Be sure to select a home that sits on a crest and not one that lies downhill from a street. You will also want to be sure the driveway does not slope too much downward into the garage.
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0 votes 2 answers Share Flag
Dallas Texas, Real Estate Pro in Dallas, TN
Fri Jul 18, 2008
Dallas Texas answered:
NO they usually dont take calls, most of the times there is a 3rd party who handles all the files. The banks are overwhelmed avoid taking calls.
http://www.lynn911.com http://www.homes-for-sale-dallas.com ... more
1 vote 2 answers Share Flag
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