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foreclosure: Buyer Didn't Want Much... - 11/20/11 01:31 PM
     I got a phone call from a potential buyer. I went to see her at her house. She said she had lost a house three years ago in a foreclosure. Her current home was underwater, and she was renting out all the rooms to make ends meet. She had gotten a loan modification and was now going through a second one. She said if the bank didn't give her a good loan mod, she was giving them the keys back. She wanted to buy another house in Oakland, CA where houses where now cheap. If she got a new house, … (3 comments)

foreclosure: 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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