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91313 : Real Estate Advice

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  • Home Buying1
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Activity 21
Thu Apr 11, 2013
Susan Bo'ur answered:
If you're referring to Nashville in Chatsworth.. There was a sale at 21224 a short sale at $533,500 closed about 5 months ago.
Hope this is what you were looking for.
Realtor/Coldwell Banker
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0 votes 6 answers Share Flag
Mon Feb 18, 2013
Lena Samigoullina answered:
Contact me directly at or at my direct line at 310.625.9005. I'd be happy to assist you.

Lena Samigoullina
0 votes 7 answers Share Flag
Tue Dec 4, 2012
Ron Jensrud answered:
Contact me, I have an lender that can explain what's going on. Or they can help you get a loan.

Ron Jensrud
100% Exclusive Buyers Agent
0 votes 5 answers Share Flag
Mon Nov 5, 2012
Diane Mcauley answered:
Okay, lets see if i can get a answer, are you talking about approval letter from the short sale bank, Then your agent needs to request it, and if she has it in a email, and cant find it. she can request the short sale negotiator to send another to give to the lender , that is what your bank is waiting for correct. Your agent needs to be intouch with the short sale bank and get that letter. Diane
I think you okay, good luck with the new home, you will be in shortly.
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Wed Nov 6, 2013
Eric H. Wong answered:
A contract is a bilateral agreement. Get your agent to write an addendum stating your new terms. If the seller signd of on it, and the bank agrees, then you can move forward. Explain to the other side your reasons, and tell them this is the only way you can close, considering the needed repairs. ... more
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Mon Feb 18, 2013
Walter 'Skip' Kersten answered:
The BPO is not an appraised value. It is an opinion from a Realtor of what the property is worth. The short sale lender does this to determine if the offer is fair or not. I believe they will accept your offer as it is at least market value as determined by the BPO. If your offer gets accepted, YOUR lender will have an appraisal done (paid by you). This appraisal will determine how much your lender will loan on the property.
Good luck,
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0 votes 6 answers Share Flag
Tue Sep 11, 2012
Terri Vellios answered:
Some are getting better. One loan with Wells sounds like you should get something pretty soon. Provided that the listing agent and seller have provided all the documents request at the time of offer submission. I tell my buyers that they may not hear anything for 3 or 4 months. If something comes in sooner, great!

Just have your agent keep communicating with the listing agent. Find out if a negotiator has been assigned, is the BPO done and back, has all documentation been provided? Etc.

Have an amazing day!
... more
0 votes 7 answers Share Flag
Mon Sep 17, 2012
Iris Goldstein-Hagay answered:
You need to contact the listing agent and ask him to connect the water and power.
If you need more infor call iriscat 818-224-4600
0 votes 7 answers Share Flag
Mon Oct 7, 2013
Lance King answered:

While there are good ones, you are right - it is difficult. Part of the problem is that many people got into the business during the crazy years when any knucklehead with a license could make money. A lot of those have been weeded out, but there are still many who are struggling to hang on and more concerned about making their house payment than finding you the right house, and there are some who just don't know any better because the bar to getting into the industry is so low.

First, follow your gut. If it feels wrong it probably is. Second, ask friends and colleagues for recommendations, but don't simply choose one because your mom said so. Ask WHY they are referring them and what makes them so great.

Keep interviewing till you find the right match, because even though the seller is paying the commission you are hiring this person to be your representative and you can pay dearly if you choose wrong by getting into a bad building.

I wrote a blog on why it's important to choose the right agent. I hope you find this helpful.

Unfortunately we do not work in your area and I don't know anyone who does. Take your time and you will find the right one.

Best Regards,

Lance King/Owner-Managing Broker
DRE# 01384425
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0 votes 18 answers Share Flag
Sat May 18, 2013
Shanna Rogers answered:
Hi Lilli,

Read your Home Inspection report. They ususally contain disclaimers and what they are 'responsible' for. Once you have done that, if you still have questions, you should contact a Real Estate Attorney and Real Estate Brokers and Agents cannot provide legal advice. (Or, at least they shouldn't).

Shanna Rogers
SR Realty
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0 votes 5 answers Share Flag
Mon Apr 19, 2010
Mack McCoy answered:
Realistically, DC, I suggest that beginning agents concentrate on prospecting, learning the inventory, and building on their strengths. Frankly, I think that if you're going to try to understand residential real estate from an investment perspective, it would help if you were already an investor in real estate. ... more
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Sun Sep 16, 2012
Anna M Brocco answered:
If this is the property for you, have patience--there are no set standards of time as to when a short sale will be accepted, rejected or counter offered--some lenders are faster than others--what is your agent suggesting. ... more
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Sun Jul 31, 2011
Anna M Brocco answered:
Before considering anything, protect yourself and consult with an attorney--most professionals do offer a free consultation.
0 votes 7 answers Share Flag
Mon Apr 25, 2016
Liliana Alfonso answered:
Are you looking for a house or townhome/condo?

Liliana Alfonso
Dilbeck Real Estate
0 votes 3 answers Share Flag
Wed Jan 27, 2010
John Barry answered:
Hey there,

It really depends on the property - it is hard to generalize as all listings are not priced the same as far as being above or below market value. You need to really look at the comparable sales in the area compared to the list price of the property you are interested in to determine a reasonable offer. Generally, most foreclosures are priced pretty competitively these days and there is a lot of competition among buyers in the sub-$500,000 range. It is common these days for foreclosure properties to have multiple offers from buyers and be bid above the list price. Hope this helps - let me know if you have any questions.

John Barry
DRE #01856079
Coldwell Banker Residential Brokerage
Cell: 323-810-7976
Web Reference:
... more
0 votes 3 answers Share Flag
Tue Sep 22, 2009
Rebecca Chambliss answered:
Keep in mind that if you are purchasing in the same price range you are selling, you are competing with the buyer that are looking at your house. Usually you don't get a better house for less money.

The market determines the sale price and unless the house isn't being marketed properly then it is a function of price and what buyers are willing to pay.

You can always reduced the price, see what you will get offers at and make the sale contingent on finding a replacement property.
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0 votes 2 answers Share Flag
Fri May 15, 2009
Chris Mabry SRS,e-PRO answered:
Wow! I have never heard of this happening. Sounds like the mortgage company is acting irrationally. Did your loan mod have an income cap and a timeframe for adjustments by the lender? Were you dishonest about your income when applying for the mod? I would think that the lender would not have approved it in the first place if your income was too high to qualify, but for them to come back and request back payments sounds crazy! (unless you lied) This sounds to me like you need the advice of a real estate attorney. Maybe there is a clause burried in the fine print of the loan mod agreement giving them the right to do this. Yikes! I would be very interested to know how this one plays out. Sounds like you've been through the ringer. Good luck to you. ... more
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Tue Mar 10, 2009
Keith Manson- Metro Milwaukee Wisconsin answered:
If you are in foreclosure and you agreed to a repayment plan, most likely, it was an agreement that you make a partial payment and make 1 1/2 payments per month until you are current. The problem with these repayment plans is that they usually have something called a stipulation in them. The stipulation, typically indicates that if you default on the repayment plan, the bank will start the foreclosure at the point that you agreed to the repayment plan.

You only want to enter into these agreements, if you are sure, that you will complete the agreement. If you don't complete the agreement, you loose your partial payment, any additional payments and your house.

Be careful!
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0 votes 1 answer Share Flag
Thu Oct 15, 2009
Thomas Santore answered:
My suggestion is if you can not pay the whole payment, you should discuss it with an attorney. I f you do not make the payment you should take what money you have and put it aside to help with future payments if you are able to get the loan modified. Most banks become more agreeable after you are behind 2-3 months.

Thomas Santore
Associate Broker
Coldwell Banker

Visit my web sites at and
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0 votes 7 answers Share Flag
Tue Jul 7, 2009
Larry & Charlotte Heller answered:
Hi MK. There is no all encompasing answer. Chatsworth prides itself in a rural feeling and is very pro horse. If the property you plan to build on is horse property, the local planning commission will want you to keep it as such with all the pertinent regulations. The biggest costs are related to utilities and approval by the city of your designs. Water meter installations can cost over $20,000 and require hot tapping into the middle of some streets. Sewer connection can be an issue unless you can go septic as some of the more rural areas of Chatsworth are. Other issues in building are environmental concerns for drainage and structural regarding foundations. You may have to install a fire hydrant if there isn't one close enough as well as fire sprinkler systems for the home. These all depend on the location of the property. Make sure you work with a seasoned architect farmiliar with the cities requirements and the communities desires. Chatsworth is a great place to live, best of luck. ... more
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