short sales vs bank owned: Bank-Owned Properties Exempt From Disclosures......True, But The Judge Ruled Differently - 01/05/11 05:02 AM

 
In a normal real estate transaction, buyers are provided with disclosures from the sellers. These disclosures are usually in the form of questions which allow a seller to disclose any and all of the problems they know about which would affect the home. If part of the purchase contract, the seller is obligated to truthfully tell the buyer all defects/negative conditions associated with the property.
This could include:
Plumbing LeaksDeferred MaintenanceHOA RulesNeighborhood Noise
The list can be quite extensive...and in California includes an area to discuss "material facts or defects not otherwise disclosed to the buyer." It's very clear … (22 comments)

short sales vs bank owned: What's The Difference Between A Short Sale And A Bank-Owned? - 12/22/10 04:35 AM

BanksLendersShort Sale LendersBank NegotiatorsAsset Managers
These are all terms seen in listings. Realtors® use them daily, but the consumer does not. Even buyers who have been out searching for a while can become confused about who they are actually negotiating with, and how that might affect the transaction.
I have a client that I've been working with for a few weeks. Last night I got an email with a few questions that made it clear he did not understand the difference between a Short Sale and a Bank-Owned (REO) when it came to negotiation.
Question One (about a Short Sale): … (33 comments)

 
Karen Fiddler, Broker/Owner, Orange County & Lake Arrowhead, CA (949)510-2395 (Karen Parsons-Fiddler, Broker 949-510-2395)

Karen Fiddler, Broker/Owner

Orange County & Lake Arrowhead, CA (949)510-2395

Mission Viejo, CA

More about me…

Karen Parsons-Fiddler, Broker 949-510-2395

Address: Orange County Real Estate, Lake Arrowhead Real Estate

Office: (949) 510-2395

Mobile: (949) 510-2395



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