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Foreclosure in Studio City : Real Estate Advice

  • All78
  • Local Info5
  • Home Buying24
  • Home Selling1
  • Market Conditions5

Activity 3
Mon Nov 17, 2014
Ben Vorspan answered:
Hi Stephanie,

Odds are, any time you see something that looks too good to be true, it probably is.

If you ever have questions, you can submit a request for more information on the property page of trulia, and a local agent should respond pretty quickly. ... more
0 votes 3 answers Share Flag
Tue Jun 16, 2009
Jonelle Bechard answered:
YES CHEAP CHEAP CHEAP!! If you are not working with anyone I would like to apply for the job!!

Jonelle Bechard
Rodeo Realty
0 votes 9 answers Share Flag
Wed Jun 10, 2009
Tara Steinke answered:
In considering offers on their REO properties, most banks are requiring "pre-approval" through a direct lender at a bare minimum (think Wells Fargo, Washington Mutual, B of A rather than just XYZ Mortgage Brokerage). And there are some that do require you get pre-approved with a specific direct lender of their choosing. Although they may offer incentives or it may seem pressuring, most of the reason behind this is that they want some solid assurance that you CAN close a loan. Many brokerages out there will provide a pre-approval letter on some documentation but not requiring all documentation. And sometimes this comes back to kill the deal.

On the closing date, your agent should work with the listing agent to get an extension approved with the asset manager. If you really want the property, make it clear that you are, in good faith, doing all that you can to close quickly. Get pre-proved with their lender. Again, if you show that you are doing everything in your power hopefully at least an extension of 5-7 days, if not longer, will be accomodated.

Best of luck!

Tara Steinke
San Diego Real Estate Specialist
Residential Sales and Appraisal
... more
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