Ar_home_b_search
 



hispanic: 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)

hispanic: It's Tough Buying REOs - 07/23/09 08:39 AM
There's a lot of bank-owned, Real Estate Owned (REO) property on the market right now - most of the inventory is REO with short sales following second. The REOs are generating multiple offers; however, getting an offer accepted is challenging with acquiring the loan adding to the challenge. I have buyers, and I'm having a hard time buying!
Many REOs are requiring buyers to get pre-approved with their lender, which never goes over well with the buyers. Buyers say it's steering and illegal, and it may be, so some buyers cross out listings with this requirement. REOs just want to double … (0 comments)

 
Buscard111207b

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

Email Me

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.


Links

Archives

RSS 2.0 Feed for this blog

Find CA real estate agents and Oakland real estate on ActiveRain.