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Home Buying in Concord : Real Estate Advice

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  • Local Info18
  • Home Buying106
  • Home Selling10
  • Market Conditions9

Activity 86
Mon Apr 15, 2013
Pacita Dimacali answered:
Best thing you should do is engage a realtor who has successfully listed and closed short sales --- including investment property that used to be the primary residence.

My clients did the same thing --- bought a house in Alameda, then bought another house in Martinez. They couldn't get enough rent money to cover the mortgage on the first house. Since their financial circumstances have changed due to hardships, they qualified to do a short sale.

If you can do a short sale, that will be better than letting the property foreclose. Too many reasons to list in one short response as to why short sale is your best bet at this time.

Yes, you should be able to take advantage of the Mortgage Debt Forgiveness Act which was just extended through end of 2013 (California legislature still has to meet to mirror this act in the state).

I can send you some information to review, including samples of hardship letters, financial worksheets (income vs expenses). Who is the bank?

I'd like to help even if it's just to get you start thinking short sale instead of foreclosure....
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0 votes 7 answers Share Flag
Fri Jul 7, 2017
Tim Moore answered:
No, if it was foreclosed it is no longer yours, it belongs to the bank now and if they can get more then it is there profit. My question is if they can get more than was owed why didn't you sell it when it was yours? ... more
0 votes 12 answers Share Flag
Mon Jan 28, 2013
Craig Lawler answered:
No. Once the property is bank owned, it's their property and it doesn't make a difference how much they sell it for on the open market.
0 votes 4 answers Share Flag
Mon Jan 28, 2013
The Medford Team answered:
Fri Jul 10, 2015
Suzanne Looker answered:
This will be a challenge unless you are able to fix up a property and pay all cash or have 20% down payment. The investors similar to yourself are out there making offers and driving up prices all through the county. It appears that you are considering a townhouse/condo as well. I can set you up on a search if you contact me offline.
Suzanne Looker
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0 votes 7 answers Share Flag
Fri Nov 2, 2012
Pacita Dimacali answered:
Your best bet may be to attend one of these events, see how it's done. The rules may be different depending on who the foreclosing bank is.

Since you've seen, then you may also have seen events planned on when people can go and bid on the spot. You don't have to bid to attend. has a calendar of events --- make plans to attend one
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0 votes 3 answers Share Flag
Wed Oct 31, 2012
Wes Knapp answered:
City of Concord is easy (compared to Pleasant Hill and WC), depends on a bunch of factors in regards to the subdivision, zoning, and property statistics. Here is a link for the planning department.

Go 49ers!

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0 votes 2 answers Share Flag
Wed Oct 31, 2012
Angel Hernandez answered:
If you look up the property on Trulia you will find a link at the bottom of the page that has crime statistics. I happen to live in that zip code and it is fairly low.
0 votes 5 answers Share Flag
Fri Nov 2, 2012
Suzanne Looker answered:
Your best source for how much you can afford is a lender. I can then set you up on a customized MLS. Please contact me offline if interested in a referral lender.
Suzanne Looker, ... more
0 votes 8 answers Share Flag
Thu Nov 1, 2012
Bryce Schumacher answered:
Hi Michael,
It is absolutely ok to do that as long as you did not sign a buyer-broker agreement with the previous agent. If not you are free to work with a different agent that you are more comfortable with.

Bryce Schumacher
J. Rockcliff Realtors
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0 votes 7 answers Share Flag
Tue May 15, 2012
Mark Fleysher answered:
Contact a Real Estate Agent.
0 votes 11 answers Share Flag
Fri Oct 31, 2014
Christy Brock answered:
If this is a short sale (and it sounds like it is because you mentioned his bank accepting the offer) then you should read all paperwork very carefully. Generally speaking, the transaction you are describing is not allowed because of the arms length clause in 99% of short sale approval letters/processes. The arms length clause basically means that the parties are unknown to one another. In addition, if the thought is for your step-brother to "rent" from you after close of escrow, that too is generally not allowed. If you decide to proceed, and the approval letters or other documents contain clauses that prohibit your situation, then you are committing fraud. ... more
0 votes 3 answers Share Flag
Thu Jan 10, 2013
Regina Schulz answered:
It all depend on what are your looking for, Not been a citizen it does not affect your purchase.
Now it is a good time due to the prices are so low . what part of California are you thinking? and what is your budget., ofcourse let me know what would you like and I could get you a list of properties, that mach your wishes.

Thank you.

Regina Schulz
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0 votes 10 answers Share Flag
Sun May 6, 2012
Keith & Kinsey Schulz answered:
Why not? If the buyer can qualify for a loan, it's all cash to the seller at closing either way. Yes, a cash offer looks desirable from the aspect of one less contingency. Although, cash doesn't necessarily mean the seller should or will accept less for the property.

If two offers were equal with one being financed and the other being cash, I would absolutely lean towards the cash offer. $10,000 is a lot of money to a seller though. So, if they are fairly confident in the buyers borrowing capability, I would absolutely go for more money.
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0 votes 28 answers Share Flag
Thu Mar 15, 2012
John Arendsen answered:
0 votes 2 answers Share Flag
Mon Apr 29, 2013
Sabrina Simpson answered:
It has been my experience that if the seller's agent is experienced in negotiating you will have no problem. Just be patient as it is a longer process. In speaking to many negotiators, I've found that they prefer dealing directly with the listing agent and not a third party negotiator. That only allows one more person between buyer and seller that can lead to a misunderstanding. Hopefully you are working with a knowledgeable agent that understands the short sale process and can guide you through your purchase. If you'd like a recommendation to one, feel free to contact me. ... more
0 votes 15 answers Share Flag
Fri Feb 10, 2012
Alan May answered:
Fri Oct 31, 2014
Ron Thomas answered:
We checked out Clayton a few weeks ago:
We lived in Dublin for many years, and we are looking to move back up there.
We were very impressed with Clayton; small town flavor, but close to everything.
I think it would be next best to Walnut Creek.
Good luck and may God bless
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0 votes 3 answers Share Flag
Fri Jan 6, 2012
Scott Godzyk answered:
The sellers mortgage would have to be assumable. If not an assumption is near impossible. If it is assumable you then need to know if it is a quailifying assumption which means the new buyer has to quailify through the current bank. If you need assisitance selling your property, please let me know. ... more
0 votes 7 answers Share Flag
Thu Sep 8, 2011
Patty Hopkins answered:
Check out Waypoint Homes . They are a company that specializes in lease to own homes. On their website they have available homes. I'm not sure if there are any in Concord but it's worth a shot! ... more
0 votes 5 answers Share Flag
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