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Sacramento County : Real Estate Advice

  • All153
  • Local Info12
  • Home Buying90
  • Home Selling6
  • Market Conditions3

Activity 1,859
Sat Feb 16, 2013
Gabe Davidson answered:
Hi Matt
You are correct on the market conditions and the competition. Here is my direct answer, no. The reason I say no is because most of what drives the sale of homes in this market is price and terms, that’s the bottom line. Now with that said, it sounds like you are represented by a Real Estate Agent, I strongly recommend that you contact him/her and get their advice, because they are the ones that will know what is best for you. I have personally seen these letters from buyers of some of my listings, example I had a property listed in Natomas where we had 26 offers on it and several buyers wrote letters. I, as the listing agent, have a fiduciary duty to my sellers. This means, in a nut shell, that I will bring them the highest sales price and best terms for them... when you have a cash buyer at let’s just say $200,000 and a VA buyer at $190,000, my recommendation (to support their best interests) is to accept the better performing contract, in this case the higher net amount one.
Be aggressive with your offer price, have your Realtor 'comp' the property before you write the offer to see what it will likely end up appraising for so that you are comfortable with increasing your price. There are many other things you can do to increase the strength of your offer but that would require me to be in your transaction, which I am not.

Hope this helps, if you need to get a hold of me, go to my site and click the contacts page, it will send you right to my cell phone. www.sacshort.com

Gabe Davidson
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0 votes 3 answers Share Flag
Wed Mar 6, 2013
Joseph Roraff answered:
It is like a car, you can lease it with the option to buy after a certain amount of time. Here is an article on them that goes into further detail...
0 votes 11 answers Share Flag
Sat Feb 16, 2013
Cindy Davis answered:
There are other things that play a factor in whether you qualify such as your income and how much debt you have. No one on a general website can tell you whether yes you qualify or not you can't.

You need to go to a local mortgage broker in your community, complete the application, provide them certain documents, and then the lender will discuss your options with you.

There are general guidelines sure, but each case is ultimately decided on an individual basis.

Good luck.
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0 votes 10 answers Share Flag
Thu Feb 21, 2013
Krista C. Penney answered:
The last time I moved, I used U-haul's U-box pods. I was moving about 1000 miles and I found their rates to be very competitive. The service was great. They delivered my U-boxes quickly and nothing got broken! That's a lot more than I can say for the service I used before that.

However, I'm not sure if U-haul has people who will do all the heavy lifting and help load your U-boxes.
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0 votes 3 answers Share Flag
Thu Mar 21, 2013
Keisha Mathews answered:
Hello

You should contact them asap and explain exactly what you are explaining here. They most likely will start you out on a new lease agreement and may consider your deposit. You won't know until you contact them. In addition, if you enjoy where you are currently renting, you may miss out on an opportunity to stay if you delay. They typically lower the incentive the longer you remain without commiting to a new rntal agreement.

You are wise in requesting info to ensure they actually are the new owners and have the right to enter into a new lease contract with you. It usually takes up to 15 days for county records to update wiht the name of a new owner. If it has been longer than 15 days, you can verify that through public records or ask a real estate agent who has access to those records to assist you in verifying that information. In addition to public records, the individuals presenting themselves as the new owners should also be able to provide you with verification that they are the new owners or representing the new owners upon request.

Finally, a bit of new real estate law that may pertain to your situation. This year, Assembly Bill 2610 modifies existing state law which was to expire 1/1/2013. Existing law requires a tenant of a property posted with a Notice of Sale (NOS) to be given a notice that the new owner after the foreclosure sale date may enter into a new lease or rental agreement or must be given a minimum 60 day notice to terminate. Effective 3/13/2013, the new owner is required to give a tenant in a foreclosed property a minimum 90 day notice after the sale to terminate. The effective date of the new law may need to be extended as it cannot be earlier than 60 days after the California Department of Consumer Affairs posts the notice requirements on their website. The 90 day notice requirement is consistent with the existing federal law which is scheduled to expire 12 /31/2014. This new law shall remain in effect until 12/31/2019.

Hope that helps, contact them today!

Keisha Mathews, REALTOR®
CDPE®, HRC®, HAFA® Certified
"The Short Sale Lady"
Century 21 Landmark Network
(916) 370-1803 cell/direct
(916) 405-3886 fax
keisha.mathews@century21.com
www.SheSoldItForMe.com
lic#: 01439130
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0 votes 2 answers Share Flag
Fri Jan 31, 2014
Ute Ferdig answered:
It becomes a matter of public records once the trustee's deed has been recorded. Many times, the trustee sale is postponed and you can call the trustee and find out. The trustee's telephone number and the trustee sale number are listed in the notice of trustee sale. If you don't have the notice of trustee sale, you can subscribe to a foreclosure service such as ForeclosureRadar or RealtyTrac (each offer a free trial). These services keep track of foreclosures and many times you will be able to find out the day of the scheduled sale date whether the sale went through or was postponed. You can also ask a real estate agent who has a subscription to look up the info for you. If you are just interested in the status of one particular property, feel free to e-mail me and I would happy to look up the property for you. ... more
0 votes 5 answers Share Flag
Tue Sep 30, 2014
Michael Cheng answered:
It's hard to tell whether you'll eventually go into foreclosure. That's the same challenge faced by the lenders when issuing credit to purchase a home. At this point, if you're current on the first mortgage, then there likely won't be any foreclosure proceedings. But, long-run, if you continue to default on the equity line and the line is from the same lender as your first mortgage, you may eventually be foreclosed upon. ... more
0 votes 8 answers Share Flag
Tue Feb 5, 2013
Gabe Davidson answered:
Hi Katie
Unfortunately licensed Realtors can not specifically say that one street or area is safe vs another because of current RESPA laws as well as ethics related to our licensing. However, I completely understand why you would want to know. I would recommend searching the web to answer this question, also look at sites like www.city-data.com and local law enforcement sites, another handy tool is the registered sex offenders database search engine, with a quick Google search you should find it.
If I can be of any further help, just click my website and go to the contacts tab, that will send your info to my cell phone. www.sacshort.com
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0 votes 1 answer Share Flag
Mon Mar 11, 2013
Tony Warfield answered:
Hi Matt,

As you already know in today's market and the shortage of inventory, it is very competitive for buyers. You want to do everything possible to make your offer acceptable to a seller the first time they see it. Don't ask for a laundry list of items for the seller to pay for. Speak to your lender, maybe a gift from a family member could help get you to the point where you don't have to ask for the seller to pick up the closing costs. Don't ask for a long escrow. Make the offer as clean as possible.

Good luck.
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0 votes 4 answers Share Flag
Tue Feb 19, 2013
Paloma Jackson Cornet answered:
Question continued...Our current credit scores are "fair" I believe, between 670-700. We have never been behind or late on any of our other credit accounts. We would prefer to get a new loan on our own and leave my parents out of it, but they would be willing to help if needed.
Any advice would be greatly appreciated. We live in the Sacramento, CA area. Don't want to keep this home as a rental as we need the $50K we put down to use as a new down payment. Thank you in advance
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0 votes 6 answers Share Flag
Sun Feb 3, 2013
Terri Vellios answered:
If you saw a rental sign on the property wasn't there a contact name on it for you to call?
0 votes 2 answers Share Flag
Thu Aug 15, 2013
Gabe Davidson answered:
What you are posting here goes to Real Estate Agents, not Trulia so Im not sure why you are being blocked. Try contacting Trulia tech support maybe.

Gabe Davidson
www.sacshort.com
0 votes 3 answers Share Flag
Tue Apr 16, 2013
Bcspabliss answered:
Also lender didn't contact our agent to reject short sale offer. Looked up buyer Guardian Home Brokerage and horrible reviews and some thought they didn't disclose things that costs new buyers 10k. There is things in our home that needed serious repair and they just covered up with paint under the sink. You can email me and I will give you the address. Something just seems shady and that is why he is getting this house sold but I'm still on title but my husband was removed. Title company says something fishy is going on but is it worth it to fight and what will I gain. I gain piece of mind this business gets reprimanded or how can I file things wrong with this house before the new buyer gets screwed with an over priced home. Would love to talk to new owner. Asking way too much. Christie. Bcspabliss@yahoo.com. Need advice so I can pursue or put to rest. Luckily we found a brand new home in great neighborhood with all beautiful upgrades and owner is our landlord. ... more
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Fri Sep 5, 2014
Barry Mathis answered:
The last 10 years have been very dynamic , where the previous decade followed the national cycle the last decade has swung higher and lower then the national rise and falls. I predict that the coming decade will be one of consistent growth ... more
0 votes 1 answer Share Flag
Tue Feb 17, 2015
Patrick O'Hare answered:
If you have never done it before, this is best left to your broker-----that's
why you have engaged their services.
You cannot legally check somebody's credit without authorization and
of course need access to a credit reporting agency.
Not all counties have an easy system for the public to access information,
Sacramento is fairly easy, and you do need thorough information on the
individual inlcuding full name and aka's.
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0 votes 8 answers Share Flag
Tue Jan 29, 2013
TR Bergen answered:
Good luck with your campaign! We need more conservatives and Realtors in the State Capital!
Are you going to be commuting back to San Diego each week, or moving to Sacramento? That will help determine which option is best for you. If you are commuting each week, you will probably want to find something closer to downtown, but if you are staying in Sacramento, I would look oustide downtown, which can be expensive, and traffic can be challenging.
I hope you "Catch Fire" and win!
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0 votes 3 answers Share Flag
Wed Feb 10, 2016
answered:
How bad?

We do loans in Sacramento (we are headquartered in Roseville) and will go as low a 620 on FHA

Borrower Must Have Proof of 12 month housing payment (mortgage/rental) history via a credit report, cancelled checks to reflect no 30-day late payment during the previous 12 months.
Borrowers may not have had any short sales, “settled for less than amount owed,” bankruptcies or foreclosures in the most recent three years.
Borrowers may not have had any public records, judgments or tax liens over $500 recorded in last 24 months and all must be paid at or prior to closing.
Borrowers may not have any collections opened in the last 24 months other than medical and one collection under $100.
Borrowers may not have had any 30-day late payments on installment debt in the most recent 12 months.
Borrowers may not have had more than one 30-day late payment on revolving debt in the most recent 12 months

Thierry Abel
Senior Loan Consultant
By Referral Only
All California Mortgage
A Division of APMC
P: (415) 464-8261
C: (415) 378-7508
F: (415) 464-2367
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0 votes 7 answers Share Flag
Mon Jan 28, 2013
Andy & Linda Poe answered:
Email me at apoe@golyon.com and I will look in MLS for you. Thanks, Andy
0 votes 3 answers Share Flag
Thu Mar 21, 2013
Patrick O'Hare answered:
Not sure if you are just giving your opinion that properties with more
photos are more interesting and/or better presented then those with
fewer questions or asking about a property in particular.
I agree it is better in todays age for an agent to be more proactive in
their marketing and provide more photos, but a lot of properties on
Trulia come from more limited sources than real estate agents, and
of course some properties for sale have limited photo access to the
listing agents or just aren't that photogenic. Remember marketing
photos are typically only going to present the "best face".
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0 votes 5 answers Share Flag
Fri Jan 25, 2013
Patrick O'Hare answered:
There is no indication from public records that this property has transferred ownership since its last sale in 2003.
0 votes 1 answer Share Flag
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