Christy Alferes's Discussions

http://www.zillow.com/HomeQnA.htm?zpid=68578905 could you please delete the question and answers i have on my profile for this propertythanks!!! Christy Alferes

Please delete the photo that has snow in it of 28 Christine Drive, Dartmouth, MA. I am the Realtor for that property and did not put that photo up. The owners; Edwin and Melissa am aware that I have taken their zillow address as my own in order to market the property. ( I did try to do this myself, but cannot find this particular photo in the edit photos page!?Thanks for your help, Christy

Hello, I am also looking for some serious tech help! My client is upset with me even when I explain that I dont have control to this site.Could you please remove for me; every instance of 686 Wilbur Ave, Swansea, MA.Except for the following; http://www.zillow.com/HomeDetails.htm?zprop=2144670530There are 4 listed properties up there!!! same address, all different info!! Thank you in advance for any help you can provide!!Christy Alferes508-617-1448

I am still trying to fix 686 Wilbur Ave, Swansea, Ma - Please enter this property in your search on Zillow and see that it brings up more than four listings!! This property should appear as my other listings do, only once. I am handling the other properties in the same way as Wilbur Ave, how come they do not have issues? Maybe you can delete all occurences of 686 Wilbur Ave, Swansea, MA and I will start fresh. Christy

yes, please remove the four listings that you are able to and I will post the property you have in your database. How do you suggest I proceed with that post? Would you like me to sign in, and then at "my Zillow" click on add ? Thanks for all the help!! Christy

My own home where I live is on a "make me move" and thats fine.Thanks again for your help. Help from people like you are the reason that this site will flourish!I will proceed as directed above for the placement of the listing at 686 Wilbur Ave, Swansea, MAChristy

Low Risk in Buying Bank Owned?I have noticed my buyers including bank owned properties in their search for a home. Of course they seem to be the best buy, but are there hidden risks?When you buy a home you make a "promise to pay" or "note" to the bank. You occupy the property as long as you continue to pay and keep up the home. Should you default on payments, the bank ( who holds the title to the property ) forecloses and holds an auction on the home. In our pre­sent market we are seeing the bank become the highest bidder and buying back their property. The home now be­comes REO or Real Estate Owned or Corporate Owned.Buying foreclosed property can be tricky and so is bank owned but it does have less risk. Here are some questions for disscussion;· Can I have a home inspection?· Will the utilities be turned on for inspection?· Do I have to make a full price offer?· Can I Include contingencies on my offer?· How long till I receive an answer to my offer?· Will my financing be accepted on a bank owned property?Christy

I agree! The majority of bank owned in our SouthCoast New England area is the same! Buyer's are forced to include these in their search due to the amount of houses in this category. I feel that they are a good deal and are safer to purchase than a pre-foreclosure / foreclosure. But they are not without risk. If you do find yourself entertaining a bank owned I would suggest you have "people" on your side; the more the better! 1. Real Estate agent familiar with bank owned2. a home inspector / contractor friend3. an attorney. A real estate agent that has had bank owned or completed a sale on a bank owned; we learn while we are working with these deals. When you view the property, bring experts with you that can give you a summary of potential issues the property may face BEFORE making an offer. Typically people are getting a good enough deal on these properties too and you could use that $3 - $5K in instant equity to repair an unknown. Do your due diligence!! remember that you are the one responsible after all is said and done! Have your buyer's agent call the listing agent for help on what will and won't work with this bank. The more work you do upfront, the less risk you face in the future! Christy

Thanks azrib, those are great answers! 

I agree you do not need to know what was owed or even if there was a secondary loan. Case in point; a property is being marketed for sale at 525K and owes 499K, it doesn't sell and is foreclosed on. At the auction the bank bids on their own property above a bidder for 350K. No secondary bank shows up to protect their interest if any on the 2nd mortgage. The Bank now markets their property at 425K and ends up selling for 310K. This is an actual deal in my area. (of course we are under Mass laws) I believe that when the bank bid on its own property, it also wiped clean any recorded liens. A plus to buying bank owned. ---correct me if i am incorrect