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Home Buying in San Jose : Real Estate Advice

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Activity 942
Thu Dec 20, 2012
charles butterfield answered:
Thank you, Erika:

Is this for research into the title of homes for sale at trustee sales?

To do an accurate search of the title is a time consuming process. Also it takes a fair amount of experience to even learn how to do a reliable and accurate search of the title.

Your best source would be to visit The Santa Clara County Recorder's Office. Many of the people who are searching title information at The Santa Clara County Recorder's office are working for people who pay them to do that work.

You might want to talk with some of the people who are actively searching titles at The Santa Clara County Recorder's Office to see if they would be willing to work for you part time.

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
American Realty
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address: charlesbutterfieldbkr@yahoo.com
DRE#00901872
... more
0 votes 7 answers Share Flag
Wed May 16, 2012
Monica Goyal DRE # 01781926 answered:
Yes indeed. All of us are in same situation. This year the market has turned for better, low inventory, price bidding war, unaccepted offers... Definite signs of ?
0 votes 13 answers Share Flag
Mon May 21, 2012
Gabriel Nguyen answered:
Hi Erika, did you mean foreclosure buyers at auction? If so, the answer is no. If you buy an bank owned property, then title company will sell you title insurance. Why? Because banks are already took ownership of the real property and all liens had been cleared.

Gabriel Nguyen
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0 votes 4 answers Share Flag
Mon May 21, 2012
Scott Godzyk answered:
MOST DEFINATELY, the cost of title insurance is minimal cpomapred to the cost oif a deed problem or problem with the foreclosure is found later., It is actually recomended for all purchases. ... more
0 votes 3 answers Share Flag
Thu Nov 19, 2015
Terri Vellios answered:
We use our MLS. If you want to search, I have a link on my website. Or enter www.Mlslistings.com

Have an amazing day!
0 votes 11 answers Share Flag
Sun Jul 15, 2012
Terri Vellios answered:
How many bedrooms and bath? What size of house are you looking for?

You can search easily on my website.

www.TerriVellios.com go to the left side "Search like an agent". Or drop me a note.

Have an amazing day!
... more
0 votes 6 answers Share Flag
Mon May 7, 2012
Terri Vellios answered:
This is a personal decision. Are you thinking of resale? There are people who do both, and those who done one or the other.

If you would like someone to bounce ideas off of, drop me a call or note.

Have an amazing evening!
... more
0 votes 9 answers Share Flag
Wed Apr 5, 2017
Gregorio Denny answered:
If this is an appraisal for a refinance they will most likely need to enter your house, take measurements and photos.
0 votes 17 answers Share Flag
Fri May 4, 2012
Kendrick Kwan answered:
Hi Erika,

Most banks won't care if you're buying a home with cash or with a loan. They are mostly concerned with the highest possible purchase price which equates to higher bottom line for them for that property.

However, especially in the current market where there are multiple offers and buyers are commonly paying above appraisal value, your all cash situation may be more advantageous.

Hope this helps and let me know if you need help with your purchase or if you have any other questions.
... more
0 votes 15 answers Share Flag
Mon Apr 30, 2012
charles butterfield answered:
Thank you for your question Sierra466:

Please call me at my cell phone: (408)509-6218 for more information.

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
American Realty
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address: charlesbutterfieldbkr@yahoo.com
DRE#00901872
.
... more
0 votes 2 answers Share Flag
Mon Apr 30, 2012
Ricky Ablaza answered:
Hi Chaongai2787,

Ok will do. When you get back please call (408-316-0793) or email (rpablaza@comcast.net) so that we can start your homebuying search. Thanks
0 votes 3 answers Share Flag
Thu Jan 30, 2014
Jim Guido answered:
Hi Sanjeev,

Your post only shows the words Noddin Elementary. Do you have a question? If you are inquiring about Noddin it is an excellent school and you can check it out at Great Schools web site. The homes and neighborhoods around the school are good also. If you need more info please clarify on your post what you are looking for.

Thanks,

Jim
... more
0 votes 11 answers Share Flag
Sat Apr 28, 2012
Yvonne Han answered:
You might want to talk to the Bank first if you can qualify.
0 votes 3 answers Share Flag
Fri May 18, 2012
Grace Hanamoto answered:
Erika:

Hi, and congratulations on finding a home. In this case, you'll need to make your own investigation of the home. Contact Auction.com to get as much information as they have about the property to determine what you need to know as a buyer. You can also contact the Santa Clara County Assessor's office for general information about the lot, the land, and the square footage of the home.

Good luck!
Grace Morioka
Area Pro Realty-People's Choice
... more
0 votes 9 answers Share Flag
Sat Jul 14, 2012
Erica Glessing answered:
Realtors are precluded from commenting about neighborhoods in this context.

I would not comment on specific neighbors anywhere!

However, the #1 value of a real property is its location. The whole amazing thing about real estate is each is unique due to its location. The #1 factor in determining your property's value when you go to sell it will be its location.

Erica
... more
0 votes 9 answers Share Flag
Wed Jun 20, 2012
Suzanne MacDowell answered:
Not at all, the only time gifts of money to buy a home becomes an issue is when you are obtaining a mortgage for the home. Since you are paying in cash, there will be no issue whatsoever. ... more
0 votes 16 answers Share Flag
Thu Apr 26, 2012
Terri Vellios answered:
You should call and talk with my recommended lender, Dave Setti with Turnkey.

dave@turnkeyms.com
408-377-8876
www.davidsetti.com
0 votes 16 answers Share Flag
Fri Dec 14, 2012
charles butterfield answered:
Auction.com is much less risky than trustee sales.

However the selection at Auction.com is the leftover properties that did not sell when they were listed for sale.

The properties at Auction.com are not bargains by any stretch of the imagination.

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
American Realty
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address: charlesbutterfieldbkr@yahoo.com
DRE#00901872
... more
0 votes 5 answers Share Flag
Sat May 5, 2012
Terri Vellios answered:
This is risky. Do you know what other liens are on the house? There are no guarantees at a trustee sale, no disclosures, and you are at risk to others who may have claim to the property.

I can't tell you what you should do, other than do your homework and be very very careful.
... more
0 votes 7 answers Share Flag
Mon Mar 11, 2013
charles butterfield answered:
I do not recommend that anyone buy a house at a trustee sale.

At trustee's sales, there are no guarantees of good title, there are no refunds, and sales are cash on the spot only. There is no financing and there is no title insurance. Unless you really know what you are doing you can spends tens of thousands of dollars or more for something that has absolutely no value.

However I can share with you my experience, observing trustee's sales.
,
For example at one trustee sale that I attended as an observer, not as a bidder, there was a sale with a minimum bid of $20,000 in cash. This was lien against a condominium with a Fair Market Value of $350,000.

The winning buyer was a new inexperienced bidder who was thoroughly delighted, when his bid in the amount of $20,000 in cash was accepted by the person who was conducting the auction for the Trustee.

The prospective buyer thought that he had purchased the condominium for $20,000.

However the winning buyer did not know that the lien that he bought was in second position behind the first motgage in the amount of $380,000.

At a trustees sale, the sale is all cash. the sale is final and there are no guarantees of good title.

The holder of the first mortage then foreclosed on the property and took the property back at a subsequent trustee's sale.

The subsequent trustee's sale essentially eliminated the ownership interest of the person who had paid $20,000 in cash at the previous trustee's sale several months earlier.

Essentially the buyer of the second lien who paid $20,000 at the prior trustee's sale lost his $20,000.

That was an expensive lesson for that individual.

If you do not really know what you are doing and if you do not have a great deal of successful experience buying property at trustee's sales, I recommend that you do not buy properties at trustee's sales.

Thank you,
Charles Butterfield MBA
Real Estate Broker/REALTOR
American Realty
Cell Phone: (408)509-6218
Fax: (408)269-3597
Email Address: charlesbutterfieldbkr@yahoo.com
DRE#00901872
... more
0 votes 8 answers Share Flag
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