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Foreclosure in Willow Glen : Real Estate Advice

  • All86
  • Local Info15
  • Home Buying30
  • Home Selling5
  • Market Conditions5

Activity 6
Tue Sep 8, 2015
Huey Nguyen answered:
Hello Crystal,

Please provide more information about what property you are talking about? Have you been pre-approved by a lender?

Please do not hesitate to contact me for information on any listing. My contact information is on my Trulia profile.

Thank you,


Huey Nguyen
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0 votes 1 answer Share Flag
Tue May 27, 2014
Huey Nguyen answered:
Hello tchambersfam4,

Could you please provide the address to the property you are asking about? I am a SFR certified short sale specialist and have a lot of experience with foreclosure homes as well. I can help you. Please do not hesitate to contact me if you have any questions.


Good luck,


Huey Nguyen
408-219-9776
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0 votes 2 answers Share Flag
Mon Aug 30, 2010
Bryan Robertson answered:
Yes, there is and there are multiple places to get that list. Here are some of the best services available in this area:

RealtyTrac www.realtytrac.com

Trulia
- Click on "More search options" under the "Search" button on the main page. In the "Listing Type" section you'll see options to search for Foreclosure listings.

As an alternative you can use an agent. They'll give you more insight into the history of the property and may give you insight into homes about to be foreclosed.

Another option not presented here is buying homes at the courthouse steps. I've written about this before, just recently in fact, so you've welcome to read my blog here in Trulia to get a little perspective.

Hope that helps.
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0 votes 10 answers Share Flag
Thu Sep 17, 2009
Sam Shueh answered:
If you are first time buyer you are not experienced to go to the court house ...I don't suggest it is a good idea. First, the properties scheduled at auctions get rescheduled. Second it is CASH only. Will you want to buy a home without even able to look at it?

The offering price are not low especially there is no warranty. What you have never seen or inspected is what you get....

The same applies to an auctioneer scheduled sale where he gets you all excited and you find out
you bid over the valuation price.
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0 votes 5 answers Share Flag
Sun Jul 26, 2009
Optimizedprime answered:
If by "buyers market" you mean how long will prices continue to stagnate or go down, then everything I've read says that prices are going continue to go down for another year and then stagnate for a long, long time.

Using real estate as your retirement account is no longer valid in this country. Not even in ANY REMOTE CORNER OF IT including ours. If you think the Bay Area is somehow special and does not follow the rest of the country, you're not being realistic. Ask yourself--honestly--how could $1 million ever have been considered a "starter home". It was because of financing structures that were fraudulent and will never again exist in our lifetimes.

Now, if you consider buying into an asset that will definitely lose value in the short AND long run a "buyers market" then fine. Is there a "buyer's market" for $500 bottles of wine? Maybe. It's a really expensive hobby though. So is buying a house. It's not an "investment", it's an indulgence. Don't let any real estate "professional" tell you any different.

To answer your question directly, there are ALREADY pockets of "sellers market" here in the Bay Area in the sense that sellers are getting multiple offers. How? It's because the price has been reduced to at least 50% off peak. There was recently a house in my neighborhood that received at least a dozen offers--the price was reduced to 66% off peak.

Getting buyers to compete for your home is easy--just drop the price to the point where there are actually enough buyers to create a market.

So another way to ask this question is, "how long will sellers be living in dreamland and how long will real estate pushers be able to convince the uninformed that the Bay Area (or your little town/area/street/whatever) is immune a national downturn"? In other words, how long before the Correction happens and we start over in the marketplace at 50% off peak or more?

My guess is about the middle of 2010.
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0 votes 38 answers Share Flag
Mon Apr 13, 2009
Norman Alessandrini Warren Weston answered:
Hi T,
This is Allyson, you have gotten most of your answers already, but I would like to add the listing agent will most likely not be connnected to the property once it goes to Auction, the only way he would still be connected to it after the auction is if he is also an REO agent. If it does not sell at auction the bank will try and get as much as possible for the property by doing a BPO (like an appraisal) so what ever the comps. are for the property thats the price most likely you'll see it listed at or slighly lower.
If you have any questions feel free to contact me, I have had alot of experience in purchasing REO'S for my clients.

Regards,
Allyson
408-705-6578
allyson@homesbyallyson.com
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0 votes 6 answers Share Flag
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