danville ca: Short sales
- 02/25/08 07:40 AM
Useful rule of thumb..average cost to foreclose 55 to 70 K Short sale offers of less than average loss more likely accepted. Offers should stress buyer's committment and patience with short sale process. This may prevail over a higher offer with less committment. Buyers be advised that banks will likely retain right to have seller accept other offers (offer, not back-up) even after a short sale offer accepted. Bank name isn't on the sales contract. For those selling short: A waiver of a security mutually agreed to between the lender and borrower (short seller) to avoid foreclosure may result in a secured debt becoming recourse debt (unsecured). Original purchase money … (0 comments)
danville ca: Meeting at CCCSD about backyard sewer main
- 02/08/08 05:54 AM
I attended the 2/7/08 meeting of the CCCSD and was surprised I was the only resident of the Las Lomitas subdivision present out of 50 homeowners. The resolution amendment was introduced as needed to rectify the problem of original 1977 resolution ...meant to further constructive notice of backyard sewer main... I registered to speak and upon being called read the opinion of the chief title officer of Landamerica Commonwealth that the resolution amendment is not constuctive notice as no rights are granted by individual owners.... I personally believe every homeowner or potential homeowner,realtor and title officer should show an interest because the issue … (0 comments)
Useful rule of thumb..average cost to foreclose 55 to 70 K;)
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