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Fremont, CA

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Fremont Real Estate Office--Commitment

11-06-09
Jeff Pereyda Fremont-Newark-Union City Homes for sale
Jeff Pereyda Fremont-Newark-Union City Homes for sale: Real Estate Brokerage in Fremont, CA
  • view my blog
  • Office: (510) 742-3212
At the time of writing this post, loan rates were down to about 4.5%. Unemployment was up to over 10%. Tempting as the rates may be, some people are scared to commit to a home purchase because they might be out of a job soon.


I spoke with a high level executive at B of A, and they are trying to do something about that. They actually have a home buyer protection program where they will pay 6 months of your home loan (P&I) if you get hurt or lose your job. Not a bad deal, but you do have to commit to the loan. Walking away from a loan hurts the economy as you know.


I know this next point isn't exactly related, and I am a bit off topic, but I added a link to our site that allows you to see pictures of our office. Nothing new, I know, but we have found that those buyers who come in the office are more likely to be successful in buying their home. It's about commitment. I think buyers feel better knowing that they have a professional office and an agent that is full-time working for them. Likewise the agent feels better about working hard for their client who takes time out of their day and physically walks into the office to get a clear understanding of what they as a home buyer need to do.


So, if I were to try and link he opening paragraph with this closing, I would have to say that commitment plays a big part in buying a home in both getting the loan and sticking with the real estate office that is helping you get one. Let us know how we can help.
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CA REAL ESTATE AGENT LICENSE

11-05-09
Jeff Pereyda Fremont-Newark-Union City Homes for sale
Jeff Pereyda Fremont-Newark-Union City Homes for sale: Real Estate Brokerage in Fremont, CA
  • view my blog
  • Office: (510) 742-3212
CA REAL ESTATE EXAM
CA REAL ESTATE SCHOOL
CA REAL ESTATE LICENSE
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Fremont CA Short Sales--Getta Move on

11-04-09
Jeff Pereyda Fremont-Newark-Union City Homes for sale
Jeff Pereyda Fremont-Newark-Union City Homes for sale: Real Estate Brokerage in Fremont, CA
  • view my blog
  • Office: (510) 742-3212
If you have found a short sale in Fremont and are getting discouraged at the pace of things, find out if the home you are buying has a B of A loan on it. If it does, you are in luck, well sort of.


I know there have been horror stories about B of A. My father-in-law who also is a broker has a few of his own. But, I do not (yet). I have a short sale in the Parkmont area of Fremont and the buyer really wants to get going. I think they are feeling that they may miss out on the new buyer credit. I was introduced to a VP of B of A a while ago, and he has now been authorized on the account and the short sale is moving quickly. There are a few strings attached.


If you as a buyer have a loan approved already with a non B of A provider, you will have to dump them. The VP wants the loan in order to provide leverage for the workings in the B of A system. We have seen this with Wells Fargo and other lenders too, but this is a bit different. Then, you have to hire B of A to do the loan, and authorize the VP using the short sale authorization letter.


What you get is:
  • executive negotiations at the top level with the short sale decision makers
  • 6 mos. mortgage protection
  • quicker sale time reduces buyer frustration
  • quicker sale time reduces seller frustration
Pinch me, but I think I am on to something. Let's wait and see.
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How to Buy a Bank Owned Home

11-03-09
Dawn Rivera
Dawn Rivera: Real Estate Agent in Fremont, CA
  • view my blog
  • Office: (510) 794-9922 x155
  • Mobile: (510) 909-0373

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foreclosureHow to Buy a Bank owned home

This is a UTUBE video I thought you all would like. I thought it was funny and entertaining. It hits close to home in regards to bank owned homes and the "foreclosure specialists" assigned to list them..

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Bank-Owned Property In Fremont--We Call Your Bluff

11-03-09
Jeff Pereyda Fremont-Newark-Union City Homes for sale
Jeff Pereyda Fremont-Newark-Union City Homes for sale: Real Estate Brokerage in Fremont, CA
  • view my blog
  • Office: (510) 742-3212
We were given the MOD (Multiple Offer Disclosure) from on of the major banks today. We offered a fair amount for a property for sale in Fremont, and got the MOD in return.


It is the bank's way of flushing out any possible chance for a bidding war to get it's last word or dollar in. The notice only states that the bank is "letting you know" that they know there are multiple offers on the property. It sometimes comes with an attachment from the listing agent saying that any Counter Offer (extra bid from us or you if you are the buyer) needs to be in writing and so on.


We called their bluff today and stood our ground. The buyer simply acknowledged the MOD and sat back and is now waiting. Lets see those cards Mr. Lender.
I'll keep you informed.
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