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
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11/20/2011
Casi todas las casas a la venta REO (Real Estate Owned - pertenecientes a bancos) están desbaratadas, sucias y apestosas. Es por eso que los bancos las venden baratas. El problema es que los compradores financiados no pueden comprar casas con hoyos en las paredes, ventanas rotas, baños que faltan
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03/11/2010
Almost all for sale REO (Real Estate Owned, Bank Owned) houses are run down. That’s why banks sell them cheap. The problem is that financed buyers can't buy houses with holes in the walls, broken windows, missing bathrooms, filthy carpets, etc. Or buyers don’t have the money for repairs. That’s
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03/08/2010
A couple of people have asked what's better to buy: houses that are foreclosures (REO, Real Estate Owned, Bank Owned) or short sales? Well, first off, what is meant by better? Cheaper, easier, surer? Let's address all three. Foreclosures are generally priced very low, because banks want them sold
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10/14/2009
There is mold everywhere. Mold has always been here and always will be. Mold, mildew, yeasts are microscopic fungi. Like dust and pollen, mold float freely through the air, settling where there is moisture and warmth. Mold blackens the grout lines in showers, the sheetrock in walls and ceilings.
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08/28/2009
There's a lot of bank-owned, Real Estate Owned (REO) property on the market right now. (Short sales follow second.) However, getting an offer accepted is challenging, and then getting the loan is something else. I've got buyers and I'm having a hard time buying! Many REOs require buyers to get
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08/24/2009
There's a lot of bank-owned, Real Estate Owned (REO) property on the market right now - most of the inventory is REO with short sales following second. The REOs are generating multiple offers; however, getting an offer accepted is challenging with acquiring the loan adding to the challenge. I hav
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07/23/2009
Not all probate listings involve deceased parties. Sometimes the owner is physically or mentally sick and unable to care for himself much less the property. This is called conservatorshipr or sometimes probate conservatorship. If the probate sale is indepedent administrator GREAT...it's a regular
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09/13/2008
Are real estate prices still falling? This is a common question among buyers. It appears that prices are falling because sellers are still overpricing their properties. When the property has to be reduced/lowered to the real market price, buyers interpret that as 'falling prices.' Sellers still w
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08/17/2008
Oakland Marketing Meeting at Oakland Association of Realtors, at 1528 Webster St., every Monday morning, 8:30-9:30 am. There is free parking on the side. (Please don't park in reserved spots.)For real estate professionals who want to promote their listings and comment on the market. Also a good p
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03/01/2008