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Foreclosure in 91604 : Real Estate Advice

  • All42
  • Local Info3
  • Home Buying15
  • Home Selling3
  • Market Conditions2

Activity 3
Wed Jun 10, 2009
Gabriel Diaz, GRI answered:
You are allowed to use any financing you choose however the seller can request that in order for you to submit an offer you must be pre-qualified first. They will usually offer you special incentives to use their in-house lender as well. I have seen where they will remove the per diem charge if you request an extension if you use their in-house lender. You should have requested a different close date once the counteroffers kept coming to ensure you had proper time to close the transaction. Are you being represented by an attorney? ... more
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Sun Feb 22, 2009
Rebecca Chambliss answered:
Hi Yev, It depends on the location in L.A. and how much building there has been. Prices have not dropped and even gained in some areas, like the South Bay and the Westside. Rates took a dip last week which spurred buying which holds prices steady. Prices and interest rates are intertwined. Most anaylsts say there will be a steady leveling out in prices over the next year or so. It is my opinion we will never see the "bottoming" out that some are expecting. If you are planning to buy...the near future is the time...rates are expected to continue to decline...there is plenty to choose from in some areas and often you can buy at a discount. ... more
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Tue Jun 16, 2009
Infinity Realty Network answered:
That depends on the individual listing, some Reo's are in pretty bad shape and need alot of work due to former owner trashing the place. Some Reo's are normal properties. If you are able to close quickly and can get a great deal and feel comfortable with the home they can be good for a First time home buyer. The flip side of that is being a first time home buyer you can underestimate the repairs needed or seriousness of certain problems if certain houses have them. Make sure you ask your Realtor as many questions as possible in these sales. ... more
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