The process appears to be fairly straight-forward, from the beginning. The banks each have their own proprietary addendums to our California Purchase Agreement which ends up negating many of the key provision of our ‘standard’ contract. CONTRACT CLAUSES Probably the most important is that the banks will not (typically) accept the provisions for liquidated damages, arbitration and mediation. Often time, the buyer will initial these clauses – but the bank will not. If the buyer’s agent does not pick up on this, … (1 comments)
reo: Q&A - The REO Guy Answers Your Questions on Bank Owned Properties
- 08/02/08 08:59 AM
I receive numerous emails on various topics that I have written with in the past. I try to answer as many as I can personally - creating articles for a FAQ column, but I thought if one person takes the time to write me with a question then I have other readers who have the same or similar questions. I will now be responding to all questions via my blog – not to worry, I won’t reveal any personal identifying information – but I want to share with all. If you write me, I’ll send you the link to my … (1 comments)
reo: REO Property for sale and Window Board Ups
- 05/25/08 09:28 AM
REO properties in the Sunland Tujunga area of the Los Angeles County foothills as well as in the Hemet – San Jacinto Valley of the Inland Empire regions of Southern California both have one thing in common – they are often vandalized. When an REO home becomes vandalized one of the first things to typically go is the windows. For some reason, there must be some joy in breaking glass. Don’t ask me, I don’t get it, but broken glass is undoubtedly the number one act of aggression against an REO property. When I, as an REO Listing Agent, find … (2 comments)
reo: Is An FHA Loan Right For Purchasing an REO Property In The Sunland – Tujunga Area?
- 05/24/08 09:32 AM
There is am over-abundance or REO Real Estate for sale in the Sunland – Tujunga area as well as most of Los Angeles County and even more when you look east to the Inland Empire, in areas such as the Hemet – San Jacinto Valley. Today, nearly every REO offer I write or is presented to me for one of my REO listings, is for either a first time home buyer or a move up home buyer is an FHA backed loan – and for good reason. FHA only requires a 3% downpayment and will even allow the seller … (1 comments)
reo: Buying a Sunland – Tujunga REO Home: The Loan Process
- 05/22/08 04:22 PM
Many people want to take advantage of the current market conditions in the Sunland – Tujunga area located in the foothills to the east of the San Fernando Valley and the north of Glendale. There is currently a high inventory of bank owned REO property for sale in the region at very affordable prices. Finding a good home is typically not the problem – as we have many to choose from. Today there is even a wide selection from as low as $225,000…if you don’t mind taking care of some repairs. There are many near move in homes available for … (1 comments)
reo: Century 21 Crest - Crest REO...Who Are We?
- 05/21/08 01:43 PM
Century 21 Crest, located in Sunland CA, is a leader in the world of Real Estate. We rank as number 77 in the entire country with the Century 21 system - this puts us in the top 1% of ALL Century 21 offices across the country. Century 21 Crest currently has three established offices in the eastern foothills of Los Angeles County. Our Corporate headquarters is locate in Glendale, on Foothill Blvd in an area known as La Cresenta.
The REO division of Century 21 Crest, CrestREO operates just down the street from the Sunland Office, also on Foothill Blvd. … (10 comments)
Buying an REO home or other real estate in San Jacinto, CA (or elsewhere) can be a daunting experience, at best.;)
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