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Home Buying in Antioch : Real Estate Advice

  • All247
  • Local Info22
  • Home Buying95
  • Home Selling6
  • Market Conditions9

Activity 81
Tue Apr 26, 2016
Tara Sarmiento answered:
Hello Sondra, it really depends on who the lender is and how far along they are in the process of your loan. I have a VA buyer closing escrow this Tuesday and total process was about 30 days. Feel free to email me direct if you need further assistance anytime. I have an office in Antioch and one in Brentwood. Thank you! ... more
0 votes 10 answers Share Flag
Tue Jul 26, 2011
Trang Beuschlein answered:
Bonnieierley, the home sold for $120,000.
0 votes 1 answer Share Flag
Wed Jul 13, 2011
Shane Milne answered:
This wouldn't be DR Horton or Shea Homes would it?

Sorry to hear about your experience going sour. It's a shame that most builder's preferred lenders are chosen not because they can approve people the correct way, but because the builder gets a percentage of the profits on the loan through "affiliated business relationships". It sounds like the builder is pushing the lender to get your loan docs to closing, so then they could perhaps point the finger at you saying you are to blame for not buying the home. Just a guess. In my opinion, if a builder is asked, they should be required to provide at least 3 different lenders names and not be compensated by any of them, even through affiliated business relationships. Too bad that isn't law.

A Washington Post article from 2006 about getting help where there are disputes with your builder:

I digressed...

So to solve your situation has the builder indicated they would not be refunding your earnest money deposit? Has the builder indicated they'll allow you to seek conventional financing elsewhere and still honor the same terms of your purchase agreement? Are you even interested in buying this home anymore?

Like the article above says, you may want to get HUD involved as it will be free, and no builder ever wants to have HUD naming them publicly as a company that has treated customers badly, so the builder may just give in to your demands after an official investigation by HUD is launched. HUD is vicious, they are underfunded, and they would love to find a violation. I've reported nearly half a dozen various mortgage companies for blatant RESPA violations, the lady I speak with at HUD really enjoys her job. An attorney would be a good call too, like you are looking into, but obviously more costly. If your closing date per your purchase agreement is rapidly approaching, an attorney may be the correct way to go.

If you still want to buy the home, but you want to get the type of financing that you are seeking, then I'd first ask if you can choose a different lender to complete the purchase under the current terms of the contract. I would recommend you *do not* bring up the threat of reporting them to RESPA, or getting an attorney involved, if they do not do what you ask... as that may be looked at as coercion.

Hope this works out for you!
... more
0 votes 7 answers Share Flag
Wed May 16, 2012
Irishryan83 answered:
Sat Oct 22, 2011
Tara Sarmiento answered:
I'm familiar with NACA and I have registered. Have you already met with someone there to get started? I would love to assist you with this purchase. Please feel free to email me direct at anytime! What city are you looking to puchase in? Thanks! ... more
0 votes 1 answer Share Flag
Tue Feb 15, 2011
Melissa Case answered:
Hi Dornell,

It is really credit driven, if you had a short sale or a forclosure 3 years ago and have improved your credit sonce then you can certainly purchase a home. Once you overcome that obstacle and qualify for a loan, then your next one is going to be finding a home at 100,000. Most are in disrepair at that price range and you will be competing against all cash buyers. It is not impossible-- Just difficult. You can also put as little as 3.5% down.

I have a lender who is excellent about helping people (no charge) to improve credit to purchase a home. You can give me a call at 925-382-5222 if you wish to discuss your possibilities!

Melissa Case (dre#01380570)
Better Homes & Gardens Real Estate/Mason McDuffie
... more
0 votes 14 answers Share Flag
Mon Jan 10, 2011
Shirley Bell answered:
I would lean more to FHA DU approved can take 30 to 45 days depending on how well the loan is packaged Not so sure about NACA.
0 votes 5 answers Share Flag
Wed Oct 6, 2010
Gene Riemenschneider answered:
I am dealing with a number of Investors in Antioch right now. I deal with many Bank Owned Properties and Short Sales. I am a SFR (NAR designation for Short Sale and Foreclosure Resource). Please feel free to link my main web site or give me a call 925-260-4321 ... more
0 votes 5 answers Share Flag
Wed Oct 6, 2010
Joan Braunschweiger answered:
The banks have their own agenda. They want to get the most money back from what is already a short fall.
They order their own appraisals and are usually pretty on target with market value.
When you say "they" accepted initial offer do you mean the seller or the bank?
The seller can accept any offer they wish. That does not guarantee that it is going to sit well with the bank.
After all, its the bank's money.
... more
0 votes 9 answers Share Flag
Tue May 4, 2010
Richard Hoag answered:
Hi Hollie,

I have a client with multi-unit income properties in Brentwood/Antioch that will be coming on the market in a couple months. If you have interest, call or email me. I would be happy to provide more details and set up a preview of the properties for you.

Best regards,

Richard Hoag
Premier Realty Associates
... more
0 votes 5 answers Share Flag
Thu Apr 8, 2010
Lew Corcoran answered:
If the house appraises for less than the purchase price, then one of three things occur:

- the sales/purchase price will have to be renegotiated to no more than the appraised value so you can continue with the purchase (the most likely scenario); or
- you will have to make up the difference between the appraised value and purchase price as the mortgage will be based on the lessor of the two (the most unlikely scenario); or
- you can cancel the agreement, have your earnest money deposit returned to you, and walk away so you can look to buy something else.
... more
0 votes 2 answers Share Flag
Thu Feb 25, 2010
Robert Spinosa answered:

I can't answer to the specifics of this property, but with all condo complexes, you will want to inquire with the management company and HOA to see if there is any litigation, deferred maintenance, budget issues or excessive delinquencies. These things, among others, can prevent new buyers from getting in, and this will further keep the prices down as a result.

Again, same holds true for every complex, but let me know if you have any questions regarding the financing side of things (for you, or for other potential buyers). Remember, every condo is first a Common Interest Development (CID), and that means what is good or bad for others is the same for you.

Rob Spinosa
... more
0 votes 11 answers Share Flag
Mon Feb 22, 2010
Anna M Brocco answered:
Contact an attorney who specializes in real estate and see what options you may have--most professionals do offer a free consultation.
0 votes 15 answers Share Flag
Tue Feb 9, 2010
Pacita Dimacali answered:
In a short sale, the homeowners (sellers) can accept your offer...but that does not mean the offer will be accepted, much less approved by the sellers' lenders in a short sale. Yes, the horror stories are there where buyers and sellers wait and wait and wait, only to be told that the lenders will not approve a short sale.

That's why, in the state of California, we have a short sale addendum wherein we specify that the buyer's offer is good through a certain period of time, that the escrow isn't opened until formal acceptance (in writing) by the short sale lenders, and that the buyer's initial deposit will not be cashed until receipt of such approval.

Until the offer is accepted/approved by the short sale lenders, there's no guarantee the sale will move forward. A short sale is made doubly harder and more challenging when there is more than one loan, and when there is more than one lender.

So yes, the buyer should explore other avenues and look at other properties to buy just in case. As such, the buyer may write an offer on another property.

If, however, that short sale is ratified by the short sale lender within the time specified by the buyer, the buyer should do the right thing: if the buyer is no longer interested in the property, or if the buyer has an accepted offer on another property, the buyer should officially withdraw his offer.

Throughout the process, your agent should follow up with the listing agent(s) to find out the status of your offer(s).

Good luck!
... more
0 votes 9 answers Share Flag
Mon Feb 22, 2010
Craig Lawler answered:
If I had to choose, I would buy in Antioch for a couple of reasons.

1) More potential tenants available to choose from. This can benefit you since you can select the most qualified tenant from a larger applicant pool.
2) More potential for appreciation of the property since Antioch is still considered part of the Bay Area and is closer to jobs, BART, etc. (especially if the e-BART is completed which will be bringing a BART station to Antioch).

Craig Lawler
Security Pacific Real Estate Services / Antioch, CA
... more
0 votes 4 answers Share Flag
Sat Jan 9, 2010
Wayne Machado answered:
Hi Carol.

A BPO (Broker Price Opinion) is like a mini appraisal. The R/E Agent determines the value based on condition as well a 3 current and 3 Sold listings. It is usually less expensive for the Lender. ... more
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Tue Jan 5, 2010
Joseph Finnerty answered:
In PA, you could purchase the house and get the mortgage in your name. Then your wifes name can be added to the deed after the purchase.
0 votes 10 answers Share Flag
Tue Nov 24, 2009
John D Fink answered:
Most of the homes in the neighborhoods behind Lowes, south of Lone Tree and west of the highway 4 bypass. If you would like more information, you can always contact the Brentwood Union School District and they can give you more detailed information.

Have a great day!
... more
0 votes 1 answer Share Flag
Wed Dec 2, 2009
CCC answered:
New construction...
As this is a matter of Contract issue, you might need to consult with a Real Estate Attorney. Take all the paperwork toghether.

What about find a buyer on your own to assigned the PA? Earnest money will have to be given to you by the new buyer.

If you were the builder, would it be unfair on your side to give money back after the expenses the builder had?

That is a contract issue, not predatory financing since there is no financing yet. No buyers agent neither, right?
... more
0 votes 6 answers Share Flag
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