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David O'Brien's Advice

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  • 7 Contributions
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David O'Brien wrote:

How many homes in Novato are in foreclosure?

Answer
Currently there are 2 bank owned properties and 4 properties in some part of the foreclosure process listed on the MLS.
August 07
(0)

How can I access the photos of homes for sale? All the info is there, but no photos.

Answer
Properties with no pictures or very few are usually short sales which are tenant occupied and so harder to photograph. 
August 07
(0)

How to own a home again after foreclosure?

Answer
FHA is now allowing buyers to purchase again one year after foreclosure, short sale, or BK. Check with a local lender on the details.
August 30 2013
(0)

Are there multiple versions of MLS?

Answer
Multiple listing services here in The North Bay Area have a specific area they cover and do not overlap, but in the East Bay there are two or three which over lap, so it is conceivable that you have multiple versions covering your area. The data entered here in the North Bay would have been entered by the listing agent or an assistant. 
March 21 2013
(0)

Financing a purchase

Answer
Will the owner carry a second mortgage, for a short term, and so make up any difference between offered price and appraised value. You could than upgrade the home and add square footage, after taking ownership, and with the sweat equity refinance out of the second mortgage. It is not a perfect solution, but........
March 15 2013
(0)

I want to remove my listing immediately it is incorrect.

Answer
If you listed your home on the local MLS through a realtor he or she can cancel the listing immediately or correct the information so it reflects as you want it to. 
March 15 2013
(0)

Conventional loan

Answer
You will need to have twenty percent down to go conventional, because a mortgage insurance company will not give you mortgage insurance with a credit score below 680 or 700. 
March 13 2013
(0)