Real estate blog entries tagged with foreclosure by Pacita Dimacali - e-PRO, SRES, CDPE, MBA East Bay, North CA real estate (Gallagher & Lindsey)

Home : Blogs : Pacita Dimacali - e-PRO, SRES, CDPE, MBA East Bay, North CA real estate : Pacita's Quick Bytes of Real Estate : Tag "foreclosure"

foreclosure: Dear Homeowner: don't be afraid, don't be too proud to ask....we CAN help! - 09/20/09 03:23 AM

Sept. 20, 2009. A new listing came up: a foreclosure that took everyone by surprise.
It was not previously offered for sale as a short sale. It sold less than three years ago...and now it's bank-owned?
What happened to the people who lived there? Did they even know about financial resolutions to their distress? Why … (8 comments)

foreclosure: First Time Buyers and Distressed Home Sellers -- info you can use - 06/09/09 06:09 PM

Part of my outreach and Client Appreciation Program (CAP) per Working by Referral (Brian Buffini) to clients and associates is to send them an Item of Value.
This time, I digressed from the original and proposed letter, and created one that I felt was pertinent today. Here's what I am getting ready … (2 comments)

foreclosure: What can a property owner in distress do to keep her property? - 04/18/09 12:48 AM

Several prospective buyers and investors have contacted me about properties they have seen---and thought ---- were foreclosures because of info they found online in sites like RealtyTrac, and recently in ForeclosureRadar (California)
However, it is important to tell prospective buyers and investors that not all properties in distress are for sale. … (2 comments)

foreclosure: My heart truly bleeds for... - 03/11/09 03:12 AM

My heart truly bleeds for people who

....truly believed and hoped they can achieve the American dream of home ownership
....reached out for the brass ring
....saved and saved and saved to put a decent down payment on a home
....loved living in a home they … (6 comments)

foreclosure: OUCH! Downey Savings won't approve short sales - 07/30/08 12:29 AM

Venting...
After weeks of waiting for word from Downey Savings for approval for a short sale, I got my answer yesterday.
Private investor
Downey Savings won't approve any short sales. The only way they would approve a short sale is if they received the full payoff --- which, in that case, won't be … (4 comments)

foreclosure: Set expectations when writing offer for a short sale --- Give info to Buyer in writing! - 04/05/08 11:15 PM

No matter how many times you try to explain what a short sale is and what is involved, it is always a good idea to set expectations at the very beginning. Then follow up with a written explanation -- be it an outline, an email, a question and answer ---- anything that the … (2 comments)

foreclosure: Evicting a tenant pre-foreclosure --- couldn't make it happen - 04/04/08 01:12 AM

My friend bought a house in a different city and put up her condo for sale. But she couldn't handle two mortgages after her husband left her shortly after moving into the new house. So she decided to rent out the condo for six months. Unfortunately, the condo rent wasn't enough to … (5 comments)

foreclosure: "Bottom feeders?" How one agent described people who look for short sales and foreclosures. - 04/03/08 01:59 AM

One property that I was showing in an upscale neighborhood of Orinda (CA) has been on the market for over six months. Typically, homes in this area do not stay on the market for a long time. Our MLS has a feature notation where an agent can mark whether this is a short … (8 comments)

foreclosure: Short sale does affect credit rating --- but by how much? - 04/03/08 01:20 AM

I have searched several sites, blogs, etc. for a concise answer to the question on the effect of a short sale on one's credit score.
It was mind-boggling to find so many different answers. And I am just as befuddled. For sure the credit score has to be negatively impacted since banks … (18 comments)

foreclosure: Agent advised seller to loan buyer money as second...then the bank foreclosed 10 months later! - 03/05/08 12:30 AM

While browsing through listings of foreclosures in a certain area, I discovered that a house my client sold over a year ago, using another agent, was foreclosed. When I mentioned this to my client, he was surprised. It turns out that at the advice of his agent at that time, he agreed … (5 comments)

Related Links: