OPEN HOUSE! APRIL 27th @ 1-3pm! Bank Owned Home in Good Condition! A Must See!

FEATURED PROPERTY! OPEN HOUSE @ 668 Loreli Lane, Patterson, CA! April 27 From 1-3pm!
Main Photo
Location: Patterson, Ca
Want instant equity? Excellent opportunity to purchase this 3 bedroom Patterson, CA home for under market value in good condition. Perfect opportunity for 1st time home buyer or wholesale investor. Seller wants offer today! The newly painted ranch style 3-bed2bath home is move in condition. Family & living room combowith hrwd floors, carpet and frpl, 1 level, 2 car garage, redwood deck and built in BBQ pit in backyard with storage she is located in a quiet well-maintained neighborhood. Contact listing agents for showing instructions.

Photo Gallery
Front of HouseLivingroom/Dinningroom ComboSpacious Livingroom w/fireplaceFireplaceCeiling Fan in Master Bedroom. Master has bathroomSecond BedroomHallway BathroomShower over Tub in Hallway BathroomThird BedroomPathway to Hallway. Hardwood and carpet flooringHallwayDinning Room/KitchenKitchenBackyardBackyard w/patio deck
Information
Contact Information
Logo
D'Adrea Davie/Rosemary Brooks
866-543-0461
Pricing
Asking Price: $174,900.00
Flexibility: Negotiable
Additional Pricing Information: Bank owned property! 3% commission
Property Location
668 Loreli Lane
Patterson, Ca 95363

Features
Bedrooms: 3
Bathrooms: 2
Parking: concrete
Year Built: 1988
Lot Size: 1503
Garage Size: 2 car garage
School District: Patterson Joint
Square Footage: 5663
Agent Name: DAdrea/Rosemary
Broker: Family Realty Group
MLS #: 80026703
Attributes
Appliances
Full Refrigerator
Interior Amenities
Fireplace
Hardwood Floors
Exterior Amenities
Patio
Grass Lawn
Powered by vFlyer.com EQUAL HOUSING OPPORTUNITYVFLYER ID: 1573133
 

PRICE REDUCTION!! PRICE REDUCTION!! $60,000!!

DAdrea Davie | Family Realty Group | 866-750-8282
1236 Occidental Ave #2, Stockton, CA
Price Reduction by $20,000! Now $60,000!Great deal on this 2 Bedroom, 1 Bath, 2 story condo. Move in & put your TLC touches on it!
2 Bdrm Condo
offered at $60,000
Year Built 1970
Sq Footage 848
Bedrooms 2
Bathrooms 1 full, 0 partial
Floors 2
Parking 1 Car garage
Lot Size 1 sqft
HOA/Maint $170 per month

DESCRIPTION

Great deal for First-Time Home buyer or Investor! 2 bedroom, 1 bath, 2 story cozy condo. Needs a little TLC! Kitchen looks into dinning and living room. Breakfast Bar. Bedrooms and bathroom are located upstairs. Single garage. Across the street from a huge park and quick acess to HWY 5. Short Sale Available upon Lender's Approval! Don't let this great opportunity pass by! Contact listing agent for showing instructions!

see additional photos below
PROPERTY FEATURES

Central A/C Central heat Walk-in closet
Living room Dining room Refrigerator
Stove/Oven

COMMUNITY FEATURES

Garage parking Playground


ADDITIONAL PHOTOS

Seller contact info:
DAdrea Davie
Family Realty Group
866-750-8282
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Apr 1, 2008, 12:56pm PDT
 

Most Affordable Home in Waterford Area! Recently Reduced to $140,500!

DAdrea Davie | Family Realty Group | 866-750-8282
12131 Kadota Ave, Waterford, CA
Fixer's Delight! Home Has Great Potential! Most Affordable Home in Area!
3 Bdrm Single Family House
offered at $140,500
Year Built 1991
Sq Footage 1,092
Bedrooms 3
Bathrooms 2 full, 0 partial
Floors 1
Parking 2 Car garage
Lot Size 5,663 sqft
HOA/Maint $0 per month

DESCRIPTION

Want instant equity? Seller says fax your offer! Excellent sweat equity opportunity for investor or first time home buyer. This 3 bedroom 1.5 bath Waterford home is priced below market value! Fax your offer. Great space for a first-time homebuyer or investor! Contact agents for showing instructions.

see additional photos below
PROPERTY FEATURES

Central A/C Central heat Breakfast nook
Laundry area - garage Yard

ADDITIONAL PHOTOS

Seller contact info:
DAdrea Davie
Family Realty Group
866-750-8282
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Mar 26, 2008, 7:01am PDT
 

Bank Owned (REO) Properties: On My Quest To Learn And Do More!

    Ever since I started working with Real Estate, I've been itching to work with REO properties and now that I am working with them...I am happy because I am learning something new everyday. On March 14th, my mother (Rosemary) and I went to our first Bank Owned property. Our assignment was to issue a letter stating that we would offer cash for keys. At first, it didn't seem to phase us because we were happy to get the property and have a task to do with it.  

    Once we got to the property, we started to strategize. I told her Ill take the pictures and you knock on the door to talk to the owner's!! I told her I had her back!! Although, I don't know what I was going to do with heels on and a camera in my hand...but I did have her back! Luckily, as we pulled up we saw someone leave the property, I asked, "if he was the owner." He told me, "no, but the owner would be home shortly" and went in the house two doors down.

    Not even 2 minutes later, one of the owners walked up (as I was taking outside pictures) and stated she was the owner. My mother proceeded to inform her that this is a bank owned property and we wanted to offer her cash-for-keys. The owner was receptive and seemed to have detached herself from the property and told my mother that she was interested, would contact her husband and then get the information we needed back to us in the allotted time period.

    My mother felt so bad to relay this message to her, but the owner understood and ended up consoling my mother. Telling her,"it'll be okay and she'll be okay."

     Not even two weeks later, the owner had the inside of the house clean and the backyard cleared. We now have several properties that are Bank Owned and we are busier than ever just learning about the process. I am excited about getting my hands wet! We are also blessed to have a Broker and associates who understand this process and help us understand the ins and outs of listing and selling REO properties. We also have access to REO properties that have not been listed yet throughout Northern California!

 

Mother & Daughter Realty Team Properties

 

 

 

Pathway To Homeownership: What A Downpayment Says About A Homebuyer

   Pathway to Homeownership The truth of the matter is your down payment effects everything and it says a lot about the potential buyer. The down payment is the difference between the purchase price and the mortgaged amount. Lenders recognize the importance of the size of the down payment. As the down payment increases, the lender's risk decreases. The size of the down payment is one of the most important factors in determines whether a loan will be approved.

    With large down payments there is less need to worry about the borrower's qualifications. Few borrowers are willing to allow a loan to default and lose a large equity. If a buyer purchases a home at $150,000 and made a down payment of $30,000, you would do everything possible to maintain the payments. If it became impossible to keep up the payments, you would sell the house. On way or the other, you would do what you had to do to protect your $30,000.

    On the other hand, if you had purchased the same home with little or no down payment, you might now be as motivated to main the payments. If you have no money invested in the property, you really have nothing to lose except your credit rating. You could easily decide to let the lender foreclose. 

     Your choice of loan programs is limited according to the amount of down payment you can afford. Money gifted to a buyer for the down payment, can also limit the buyer as to the choice of loan program that is going to be available. If a buyer asks for the seller or lender to pay for closing costs can also affect the choice of loan program, even if the buyer has a large down payment. On Conventional loans, 10-20 percent of the sales price is paid by the buyer at the time of purchase. FHA loans,which are Government-Backed loans require at least a 3% down payment.

      The amount of money saved lets the lender know how much of a risk it is to lend money to you. Your savings are accumulated funds not needed at the time that they are earned. Savings represent surplus money put aside for future use. I can not stress enough.....SAVINGS is spending less than one earns. Pathway to Homeownership

Helpful Tips

  • Show additional assets not needed for down payment, also know as reserves, this represents an amount of money the lender will require a buyer to hold in their bank account at the time of closing. This amounts to 3 months of the buyer's monthly mortgage.
  • If you can document the funds came from your personal savings, the lender is more confident of your strength as a borrower. Being able to show a SAVINGS history indicates a level of stability.
  • It is extremely important to completely document the paper trail for any funds used for down payment and closing costs. For example, for checking and savings accounts, use most recent bank statements. If statements show any large deposits the lender will ask you to explain them and document their source.

Some ideas on how to obtain a down payment:

  1. Open a savings account for purchasing a house. Commit to a minimum amount every pay period even if it is $20. Set up this amount for automatic withdrawal through your company's payroll. Strive to save enough to put 20 percent down as your down payment. If you put down less than 20 percent many lenders require buyers to have private mortgage insurance (this will add to your monthly mortgage payment). In addition to needing a down payment, closing costs (title insurance and mortgage fees) also need to be accounted for. 
  2. Look for other sources of funds. For instance, if you have a Roth Individual Retirement Account (IRA) and are a first-time home-buyer, you have access to $10,000 of these funds penalty-free under certain conditions. Talk to an accountant regarding the pros and cons of taking a loan out or withdrawing funds from your account.  
  3. Nearly 23 percent of first-time home-buyers receive gifts from relatives and friends.  

 In today's market, having a down payment is essential. It shows, a seller that you are serious about purchasing the house and it shows a lender that you can handle the responsibility. A down payment reduces the amount that needs to be financed and gives you instant equity. So, in essence the money returns back to you.

 

Bank owned (REO) home in Waterford - Great Opportunity for Instant Equity!

DAdrea Davie | Family Realty Group | 866-750-8282
12131 Kadota Ave, Waterford, CA
Fixer's Delight! Bank Owned (REO Property) at affordable price!
3 Bdrm Single Family House
offered at $155,000
Year Built 1991
Sq Footage 1,092
Bedrooms 3
Bathrooms 2 full, 0 partial
Floors 1
Parking 2 Car garage
Lot Size 5,663 sqft
HOA/Maint $0 per month

DESCRIPTION

Want instant equity? Seller says fax your offer! Excellent sweat equity opportunity for investor or first time home buyer. This 3 bedroom 1.5 bath Waterford home is priced below market value for February COE! Fax your offer. Great space for a first-time homebuyer or investor!

see additional photos below
PROPERTY FEATURES

Central A/C Central heat Breakfast nook
Laundry area - garage Yard

ADDITIONAL PHOTOS

Seller contact info:
DAdrea Davie
Family Realty Group
866-750-8282
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Mar 19, 2008, 3:36pm PDT
 

OPEN HOUSE! MARCH 22 @ 12-3PM! Short Sale! Great Starter or Investment Property!

DAdrea Davie | Family Realty Group | 866-750-8282
   

369 Gamay Ct, Manteca, CA
Price Recently Reduced!
3 Bdrm Single Family House
offered at $230,000
           
Year Built 1996
Sq Footage 1,362
Bedrooms 3
Bathrooms 2 full, 1 partial
Floors 2
Parking 2 Car garage
Lot Size 4,356 sqft
HOA/Maint $0 per month
 
DESCRIPTION

Great Starter Home! Opportunity for First-Time Homebuyer or Investor! Short Sale Available upon Lenders Approval. This 3 Bedroom, 2.5 Bathroom, 2-Story Home is located in Cottages in Vintage Cul-de-Sac. Across from the park and close to schools, shopping, public transportation and quick access to HWY 120. Kitchen has tiled countertops, double sink, plenty of cabinet space, and eat-in area. Kitchen has sliding doors that opens to large backyard. Kitchen also opens into living room. Living room has fireplace. Separate Laundry and Storage room. All Bedrooms are located upstairs! Master Bedroom has walk-in closet and Master Bathroom have shower over tub. Please contact listing agent for showing instructions
 


see additional photos below
  
PROPERTY FEATURES




















Central A/CCentral heatFireplace
Walk-in closetLiving roomBreakfast nook
DishwasherStove/OvenMicrowave
Laundry area - insideYard

   
COMMUNITY FEATURES




Playground


 
OTHER SPECIAL FEATURES



Separate Storage Room

 
ADDITIONAL PHOTOS

  Seller contact info:

 



  
DAdrea Davie
Family Realty Group
866-750-8282
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Mar 7, 2008, 1:11pm PST

 

OPEN HOUSE! MARCH 23 @ 12-3PM! BANK OWNED! 3 bedroom, 2 bath Home in Patterson! Priced to Sell! $174,900

DAdrea Davie | Family Realty Group | 866-750-8282
668 Loreli Lane, Patterson, CA
When Opportunity Knocks...Great home at Great Price!!
3 Bdrm Single Family House
offered at $174,900
Year Built 1988
Sq Footage 1,503
Bedrooms 3
Bathrooms 2 full, 0 partial
Floors 1
Parking 2 Car garage
Lot Size 5,663 sqft
HOA/Maint $0 per month

DESCRIPTION

Want instant equity? Excellent opportunity to purchase this 3 bedroom Patterson, CA home for under market value. Perfect opportunity for 1st time home buyer or wholesale investor. Seller wants offer today! The newly painted ranch style 3-bed2bath home is move in condition. Family & living room combowith hrwd floors, carpet and frpl, 1 level, 2 car garage, redwood deck and built in BBQ pit in backyard with storage she is located in a quiet well-maintained neighborhood.

see additional photos below
PROPERTY FEATURES

Central A/C Central heat Fireplace
Hardwood floor Living room Dining room
Breakfast nook Refrigerator Balcony, Deck, or Patio
Yard

OTHER SPECIAL FEATURES

BBQ Grill and Shed in backyard

ADDITIONAL PHOTOS

Seller contact info:
DAdrea Davie
Family Realty Group
866-750-8282
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Mar 18, 2008, 8:44pm PDT
 

Opportunity for First-Time Homebuyer! 2-Story Condo for $80,000!

DAdrea Davie | Family Realty Group | 866-750-8282
1236 Occidental Ave #2, Stockton, CA
Great deal on this 2 Bedroom, 1 Bath, 2 story condo.
2 Bdrm Condo
offered at $80,000
Year Built 1970
Sq Footage 848
Bedrooms 2
Bathrooms 1 full, 0 partial
Floors 2
Parking 1 Car garage
Lot Size 1 sqft
HOA/Maint $170 per month

DESCRIPTION

Great deal for First-Time Home buyer or Investor! 2 bedroom, 1 bath, 2 story cozy condo. Needs a little TLC! Kitchen looks into dinning and living room. Breakfast Bar. Bedrooms and bathroom are located upstairs. Single garage. Across the street from a huge park and quick acess to HWY 5. Short Sale Available upon Lender's Approval! Don't let this great opportunity pass by! Contact listing agent for showing instructions!

see additional photos below
PROPERTY FEATURES

Central A/C Central heat Walk-in closet
Living room Dining room Refrigerator
Stove/Oven

COMMUNITY FEATURES

Garage parking Playground


ADDITIONAL PHOTOS

Seller contact info:
DAdrea Davie
Family Realty Group
866-750-8282
For sale by agent/broker