Wednesday, May 7, 2008

Great Bank Owned Deal located in Downtown Campbell

Come take a look at this beautiful downtown Campbell DUPLEX. This a bank owned, with a deal you just can't beat. The front unit is a 2bdr, 1 bath and the back unit is 3bdr, 2 bath. This property is under remodeling and not yet completed, it would be a great opportunity to come put your finishing touches on this almost completed project. This duplex is a great location, located near Campbell Union Elementary, Campbell Union High and also down the street from shopping, restaurants and fun entertainment. If you would like a tour please contact me at (415) 269-6249

Details of a Short Sale Transaction

We are dealing with one of the largest sub-prime lenders on a short sale transaction. This lender - to remain anonymous - let's just call it Lender "C" - has a submitted offer from a buyer to purchase the very upside down home. The borrower is in dire straits and needs relief. The reply we got was that within 30 days, a "workout specialist" would be assigned to the borrower. We were asked to wait 30 days before calling back. What may I ask, is the point of this lack of haste??? Doesn't Lender C want to solve their problem situations? Isn't there a workout specialist available to talk to now? Can't we just keep pressing the 0 button on the voicemail system to talk to one? This, my friends, is the hell of buying a short sale. Granted, it is still a good deal, and you have to ask, is it worth the wait and the brain damage? Give me a conduit loan any day instead!