Hi there Lore, Foreclosure generally means a bank owned property. Depending on the home, size location will effect the selling price. Many Bank owned homes are great deasl but they can be very competitive with many bids sometimes. But if you are thinking about foreclosures I would strongly recommend that you woek with a professional Realtor who works with foreclosures. This will help you be prepared , and ready to make a smart move when a suitable property becomes available. All these homes can be viewwd from my site.
REO/SHORT SALE SPECIALIST
First Team Real Estate... more
Don't purchase a property for more than it's appraisal value. You lose money! You will most likely have to put more money down to cover the 20% required plus the difference in appraised vs real value of the property. The house is no longer the bargain you were looking for so move on.... more
There is a lack of inventory in the areas that you are looking, so contrary to media reports, it is common to have multiple offers for attractive properties, particularly in your price range.
Offers must be complete and presented in a way that will get a counter offer if not acceptance. Does your Realtor call the listing agent and ask for an idea of the seller's expectations so the offer is tailored to their needs?
Just faxing over an offer is not really the best method to get your offer accepted.... more
Shapur, I did not find these units on the MLS yet. If you email me at firstname.lastname@example.org and remind me you need this info I will try to drive by there and see what I can find out. Burbank is a busy area for me - I've worked a lot in Burbank... more
In order to qualify for the loan modification the person on the loan needs to sign the modification documents. If both of you are on the loan then you both need to sign. You might have to see an attorney on this because of the impending divorce.
I would have thought that by now, the sellers would have come back to me begging me to buy their little cape cod. They havenâ€™t. You may think itâ€™s time to forget about that house and move on. This is what my Realtor (whom I love) advises. But I am very picky and looking in a very specific area and NOTHING else comes close to this house in terms of lot size and street/neighborhood quality (the actual house is a dark and dank shack in need of total rehab, as I said).
My question is: Do I make another offer? If so, WHEN? Do you think these people are really interested in selling? What do I want? I want them to sell me the house for a little above its market value.
By the way, the way these people are acting also makes me think they will be difficult during the inspection process; do you agree?
According to the information available on the MLS, the escrow on this property closed about 10 days ago, on 3/20/09, and the sales price was $250,100.00. If you need any assistance in locating any other properties, or have any other questions, I would be more than happy to help you - I'm an agent with Coldwell Banker and work out of the Sherman Oaks office. Please email me at email@example.com, or give me a call at 323-810-7976 anytime.
Thanks, have a good night!
Coldwell Banker Residential Brokerage
15490 Ventura Blvd.
Sherman Oaks, CA 91403
Email: firstname.lastname@example.org... more
You can ask for one. It's a fact that construction costs are predominantly labor. That's why do it yourselfer's save so much money. Shop around, there are a lot of quality folks working for a great rate in this economy. Send me an email for more info. email@example.com... more
Hi Melinda. Yes, this 3 Bedroom property is headed for a trustee sale. The current owner bought it a year ago and obviously is in financial distress. Are you interested in buying it or any other bank-involved property? If so, please text me at 310-808-3739, email me at firstname.lastname@example.org, or visit our website below. We're here right now to answer questions or help you with your real estate goals!... more
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