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bpo: Mold - Real Estate Deal Breaker - 08/28/09 08:20 AM

There is mold everywhere. Mold has always been here and always will be. Mold, mildew, yeasts are microscopic fungi. Like dust and pollen, mold float freely through the air, settling where there is moisture and warmth. Mold blackens the grout lines in showers, the sheetrock in walls and ceilings. Mold releases microscopic spores that cause allergic reactions, runny noses, sneezing, coughing, watery eyes, as well as irritating odors.
Mold in a house that is for sale can be a deal breaker. First, it's a hygiene issue, and second, it's a liability issue. Someone gets sick, they claim they were not … (9 comments)

bpo: Buying Foreclosures (REO) is Challenging - 08/24/09 07:57 AM
There's a lot of bank-owned, Real Estate Owned (REO) property on the market right now. (Short sales follow second.) However, getting an offer accepted is challenging, and then getting the loan is something else. I've got buyers and I'm having a hard time buying!  
Many REOs require buyers to get pre-approved with their lender. Buyers say it's steering and illegal. And it might be. So buyers cross out listings with this requirement. 
Some REOs say no FHA. Others only all cash. Those listings don't exist for most buyers.
Getting accepted is tough because there are more buyers than houses. Some houses go pending in … (1 comments)

 
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Ernest Villafranca, Realtor, Real Estate Oakland CA

Oakland, CA

More about me…

Better Homes and Gardens Real Estate

Address: Attn: Ernest Villafranca, 3320 Grand Ave., Oakland, CA, 94610

Office Phone: (510) 834-2010

Cell Phone: (510) 418-9443

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Real Estate Agent covering Berkeley-Oakland-San Leandro, East Bay in Alameda county. Experienced in short sales, flips, investment properties, probate sales, and the Hispanic market.


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