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Home Buying in Daly City : Real Estate Advice

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  • Local Info6
  • Home Buying34
  • Home Selling5
  • Market Conditions2

Activity 45
Tue Mar 19, 2013
David Tapper answered:
It does get foggy, but nothing like the Skyline area. I was driving over in that area on Thursday and it was real foggy near Bart, but it wasn't too bad when I got to Brunswick across from the park.

Best,

Tap
www.TeamTapper.com
www.DavidTapper.com
... more
0 votes 2 answers Share Flag
Sun Mar 17, 2013
Michael Cheng answered:
What would you sue for? If your EMD is at the escrow company, you just need to get the listing agent to have the seller sign off.

And, if you do file an lawsuit against the seller, you would risk having to pay for the seller's legal fees if you lose the case. In that case, we're probably looking at a bill for $50-100K. ... more
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Sun Feb 24, 2013
My NC Homes Team answered:
They can try but they are going to have issues. You should speak to an attorney and have your agent send a written notice to the listing agent that unless the Seller releases your Deposit you will be filing a lien on the property. ... more
0 votes 8 answers Share Flag
Sun Feb 17, 2013
Jeff and Sue Kockos answered:
Don't waste your time at the bank go for sellers financing.
0 votes 8 answers Share Flag
Mon Dec 10, 2012
The Medford Team answered:
Check out this website and contact them:

Economic & Community Development - Daly City, CA
http://www.dalycity.org/City_Hall/Departments/ECD/hcd/affordable_hsg_old.htm
0 votes 3 answers Share Flag
Wed Mar 13, 2013
Don Tepper answered:
Yes. You are responsible.

You ordered the work, the appraisal. The work was done. Your decision whether to buy--and your use or non-use of the appraisal--are immaterial.
0 votes 8 answers Share Flag
Mon Oct 8, 2012
Ron Thomas answered:
"due to law change"; what law change?

The law, presently, excludes SHORTSALES from Deficiency Judgements;
So if you keep it LISTED as a Shortsale, you should not only be Okay, but the Bank will probably draw it out for another year.
You can make whatever you deem as far as leasing it out.

But, it would also seem, that you are not listening to the "advisors" you already have.
... more
0 votes 2 answers Share Flag
Tue Aug 7, 2012
Jeff Tepermeyster answered:
Hi Kelly,
It's very difficult; however some properties in Short Sale (a long wait), or REO (bank owned) status are available. I made a search in the MLS and found about 6 properties which may attract your attention. I can provide you with further information upon request. Thank you.

Jeff tepermeyster, RE Broker
415-722-6249
... more
0 votes 3 answers Share Flag
Sun Jul 29, 2012
Fiona Santos answered:
Hello! That means an offer has been accepted by the seller but contingencies such as appraisal, loan and inspections have not been removed yet but most commonly, this is the status for short sale listings that have an offer submitted to the short sale lender but has not been approved yet. It also means the seller may still allow other potential buyers to view the property. Hope this helps! ... more
0 votes 3 answers Share Flag
Mon Jul 30, 2012
John Arendsen answered:
It depends on where you wish to purchase, the price, year and condition of the home and the type of ownership. This is a pretty open ended question. I would need more information in order to render an intelligent comment.

Please feel free to contact me personally at 760 815-6977 or email me at onthelevel@cox.net. Feel free to log onto any of our user friendly and accessible websites:

www.mh-processing.com
www.onthelevelcontractors.com
www.tagrealestatesales.com
... more
0 votes 1 answer Share Flag
Sun Oct 28, 2012
Cal Caylor answered:
I would not notify the mortgage company. You bought it as an owner occupant - it is your house you can rent it out anytime you want. I am not sure about yoursecond question. My guess would be that it would be a second home which should not matter. My wife owned two other homes in Florida when she bought her home in Texas and it was no different than a first home mortgage. ... more
0 votes 9 answers Share Flag
Wed Mar 6, 2013
Anna M Brocco answered:
It's in your best interest that the property be vacated by closing day; for any legal rights you may have, it's best to consult with an attorney who specializes in real estate. ... more
0 votes 8 answers Share Flag
Thu Jan 19, 2012
Marge Bennett answered:
3.5% is what is required for FHA. There are USDA loans that are 0 down, but those are in rural areas. 20% down will let you avoid PMI.
0 votes 10 answers Share Flag
Wed Jul 6, 2011
Anna M Brocco answered:
Visit with any qualified loan officer(s), after reviewing your overall financial information, credit, debt, etc., he/she can make a determination on qualification; if you don't yet qualify, your loan officer may offer great suggestions as to what needs to be done in order to qualify in the very near future.... ... more
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Fri Jan 28, 2011
Tony McMahon answered:
As a REALTOR I can't comment on criminal activity, schools, demographics etc.. but you may find the attached website helpful to gather information from.
0 votes 5 answers Share Flag
Tue Dec 7, 2010
Dan Tabit answered:
J. Mario,
I'm a licensed lender as well as Realtor, I haven't run across this lately, but in the past underwriters treated it like a BK if it was disclosed. In some instances the creditors continue to show running lates on accounts which they have a reduced payment agreement on, so the scores drop and it appears they are significantly behind.
I wouldn't make any snap judgments though. Different companies have worked in different ways. Get them in front of your lender of choice right away and have their credit pulled. Once you they see that, you'll have an answer you can work from.
... more
0 votes 1 answer Share Flag
Wed Sep 8, 2010
Robert Milliron answered:
Short Sales are when a seller owes more on the home than they can sell it for. The Bank will allow the seller to sell the home and the bank takes the loss.
For example you own a home that you bought for $300,000 which is now only worth $250,000. The bank will approve the sale of the home and the $250,000 and you will be released from the deed.

There can be great opportunities for buyers but beware they take a longer time to close them. They can be anywhere from 3 months to a year, depends on the bank.
... more
0 votes 6 answers Share Flag
Fri Jul 23, 2010
Joan Braunschweiger answered:
Well.....I kind of doubt they would give it to your agent either.
However, I suppose she could ask the listing agent to request it from the seller.
The worst that could happen is the seller would say no.
The best is that she is showing good will for fulfilling your request.
... more
0 votes 14 answers Share Flag
Thu Dec 9, 2010
David Tapper answered:
I would talk with your agents broker and tell them you are not happy with your agents service and representation.
If your agent is the broker, tell them you will file a complaint with the Dept of Real Estate ( DRE).

You may have signed a short sale addendum stating you will give the seller 30-45- or 60 days to get the lender to sign off. If so, you should still have your inspection and loan contingencies.

It's hard to know without seeing the contract. If you have other questions, feel free to call. I cannot give you legal advice, but I can offer real estate advice.

Cheers,

Tap
www.DavidTapper.com
650-403-6252
... more
0 votes 7 answers Share Flag
Thu Jul 22, 2010
Vain answered:
Another interesting observation is that the sellers have 2 more propreties, and recently, they have deeded those homes to other people. Maybe to protect themselves from recourse.
0 votes 9 answers Share Flag
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