Real estate blog entries tagged with conservatorship by Ernest Villafranca, Realtor, Real Estate Oakland CA (Better Homes and Gardens Real Estate)

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Home : Blogs : Ernest Villafranca, Realtor, Real Estate Oakland CA : Better Homes & Gardens Real Estate/Go Ernest : Tag "conservatorship"

conservatorship: 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)

conservatorship: Probate Sales Procedures - 09/13/08 05:51 PM

Not all probate listings involve deceased parties. Sometimes the owner is physically or mentally sick and unable to care for himself much less the property. This is called conservatorshipr or sometimes probate conservatorship.
If the probate sale is indepedent administrator GREAT...it's a regular sale.
If it's with court confirmation...more complicated...more players, more time involved.
10% of the purchase offer is required in a cashier's check. In some cases when there are no offers, the court may make an exception and go with less.
"Delivered to you herewith is a certified cashier's check in the sum of $_____________________, being a minimum of ten percent (10%) of the … (1 comments)

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Ernest Villafranca, Realtor, Real Estate Oakland CA

Oakland, CA

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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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