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short sale: You Can Lead A Bank To Water But... - 02/11/12 02:10 PM

Got a a short sale house listed for $299,000 and an all cash offer for $310,000. One lender. One loan. Bank  of America, BAC and Freddie Mac. Bank foreclosed at the trustee sale for $277,000!
The owner had tried to refinance, and to loan mod. Nothing worked, so he was advised by the bank to do a short sale. The owner thought that was best too.
Got an offer for $300,000 all cash. Great.
Bank wanted all the documentation from the seller, income taxes, W-2s, checking and savings bank statements, pay stubs, hardship letter, Request for Income Tax Transcripts (4506-T), … (1 comments)

short sale: 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)

 
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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

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.


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