THIS PAGE IS UPDATED EVERY MORNING MONDAY THROUGH SATURDAY
last updated 8:33am, Thursday 7/29/2010
MLS Updates:
Who can really update all of their listings on the MLS every day?? I keep this page updated every day ( or as status changes) to give you as much information as possible as to not waste your time or your client’s time!
HOT properties!
When there is a new hot listing that means about 40 agents calling a day checking on availability. In response to this demand I created this page so you can instantly have this information without having to call and leave a message.
You have already placed an offer: If you have already submitted an offer then you can also watch this page for updates!
Please read below for specific property info and if you are going to write an offer please read this whole page!
Here's what you absolutely need for offer submission:
When submitting an offer you must include:
1) A copy of the earnest money check
2) Proof of ficos scores (can be stated on pre-qual letter)
3) Proof of funds that will be used for this purchase.
4) The strongest preapproval that you can get from your clients lender! The preapproval should state that employment, source of funds and credit has been reviewed.
**you don’t need to send additional disclosures from your company unless your offer has been accepted.
Email offers only!
Please do not fax me your offer! Please scan or use Mongo fax to send your offer. This allows me to respond to you and keep track of your offer more efficiently! It would be wonderful if you included property address, buyer’s last name and offer amount in your subject line!
Also, send your offer, proof of funds, copy of earnest money, preapproval, fico scores in ONE EMAIL
Multiple offers:
***if a home receives more than one offer I will need to counter you "BEST AND FINAL OFFER" which means: Best and final offer will be chosen by the highest net proceeds to the seller: the highest price, the fastest closing and the least amount of buyer costs (recurring, non recurring, termite, home warranty). Also, the seller typically likes to see inspection times shortened up to 5-10 days. Best and Final really does mean that you may not have another chance (typically best and final offers are not countered) so make it your BEST and FINAL.
Commission
Commission is based on net proceeds to seller. So, if your offer includes seller to pay buyers closing costs your commission will be based on sales price minus seller paid buyer closing costs
Preferred lenders :
Jeff Poulton
Loan Agent
GMAC Mortgage
NMLS ID # 195635
Cell: (951) 741-4622
Fax: (866) 434-1326
Jeff.Poulton@gmacm.com
GMAC Offers great incentives!
**FREE**one year home warranty!
0 cost pre approval fee!
0 cost loan ap fee!
0 cost appraisal!
Gina Farrel, Bank of America
714-931-3541
gina.farrell@bankofamerica.com
Susan Klaren, Prospect Mortgage
714-264-0876
Susan.Klaren@prospectmtg.com
Kathy Ward, Wells Fargo
949-433-5277
REO properties are sold AS IS: this is not a joke!
Please, please, keep this in mind when writing your offer with your client! Please, please do not send an offer if you have not seen the property!
addresses in green are available
addresses in yellow have offers
addresses in red are in escrow
If you have submitted an offer on a property and want to know if I received it:
1) I will always send you an email confirming receipt the same day. If you did not get an email from me then I did not receive and you should resend. Email or mongo fax offers ONLY. meghanshigo@gmail.com if you dont know what mongo fax is talk to your office manager.
I do not have my fax number in the mls because I do not want you to fax, I need you to email.
2) If you did not get a counter from me but this site says that an offer has been countered, then it was not your offer that was countered. All counter offers receive an email and phone call.
3) You will get an email from me stating that the seller has chosen another offer only after all paperwork has been signed, submitted and approved, which it may take up to 7 days after offers were submitted (on reo properties)
2274 Rockridge
Please visit www.Kazork.com to submit an offer
CASH CASH CASH only.
81 Briarwood
Please visit www.Kazork.com to submit an offer
CASH CASH CASH only.
2761 E. Standish (GMAC)
Available! This property elegible for super GMAC financing and incentives. All buyers must be prequalified through Jeff Poulton w GMAC (info above)
521 Truslow (REO)
Available! Cash only!
Multiple offers. Please do not submit an offer unless you have been inside of the property. I have submitted several offers and am waiting for a response. Yes! You can still submit an offer!
STILL waiting for bank to respond
106 N. Topeka NORMAL SALE:
available!
HOA covers: insurance, roof, paint, termite, front landscaping, pool, play ground and other common areas.
10571 Court (REO):
back on the market! CASH ONLY. The previous escrow fell out due to no fault of the property
Please please please make sure that you show the property to your client. NEEDS LOTS OF WORK!
We have offers but bank is waiting for the right offer.
698 N. Helena (NORMAL SALE,)
Super wonderful, jaw dropper. Please call me for appointment.
2351 W. Broadway (NORMAL SALE)
available!
640 S. Gaymont (REO)
accepted offer
848 N. Clementine St. Short sale
available...again! Bank approved short sale at list price of $299,900! What an aweome deal! Last buyer had inspection and noted: house needs approx $2,000 in electrical work and the new owner should budget for a new roof in the next few years (NOT leaking, just shows wear and tear!)
Acceptable offer includes: Buyer pays for $4,000 water softener lein AND 1% fee to BANK (not short sale negotiator) This is what American Home Mort. charges. This cost has to be added into closing costs. If your client doesnt have an additional $7000, maybe they can raise the price and ask for closing costs and bring in funds for the $7,000
587 E. Chartres, Anaheim: Short sale
in escrow
Other items you and your client should know when placing an offer:
1) Please don’t make an offer expecting to get a credit later for repairs that are obvious.
2) If the bank counters you with a limit for termite work and the actual amount of termite work is over that limit, then your client is expected to bring in the rest of the cash for the clearance. Sometimes it’s easier to NOT ask for termite clearance and have your client take care of on their own after the close of escrow.
3) All listings stay active on the market until the bank has signed all contracts.
4) Please make sure that YOU and your client have done a thorough visual inspection before writing an offer. It wastes time and energy on everyone’s part to negotiate an offer and then the agent withdraws the offer because they actually went to see the house.
5) I am a stickler about time frames! You will be sent notices to remove contingencies according to the contract and you must remove these contingencies! On some bank contracts the contingency removal is passive, I will still send you a notice to make sure that you know when time frames are up! You need to schedule inspections immediately and keep your finger on the pulse of your client’s loan process and make sure appraisal gets ordered immediately.
6) The combo lockbox on the front door is the bank's combo box! It is there so that their representatives may access the property for appraisal, inspections and so on. That is why I do not give the combo box codes out because inevitably an agent will walk away with a key! You must use the supra box. If you walk away with the key from the supra box, I will have the box read and call you and your manager! Key theft is not tolerated! It costs $150 for me to have locks removed, rekeyed and new copies made.
7) Your client is not to be inside of the property without you!
8) No repairs or improvements can be performed until the deed has recorded!
