This home that I sold in San Jose for $489,000 was a regular sale (not a short sale or foreclosure sale), I was the buyer’s agent and this buyer is the perfect buyer that every agent dreams about having as a client. He is a first time buyer and went through FHA for financing. He knew exactly [...]
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For this townhome in San Jose, I represented the sellers and this was a regular sale (as opposed to a short sale). The sellers were original owners who bought this home brand new when the community was first established 19 years ago, pretty impressive!
The home is mostly in original condition, but has been maintained extremely well [...]
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This transaction had all the ingredients of a complete disaster, but we closed it! God bless this buyer, seriously! I have no words for how bad I felt for what this buyer went through to get this home. This was a short sale transaction and we wrote the offer in January. The listing agent did [...]
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I sold this home to a really sweet first time FHA buyer who was very patient through the waiting process. This sale was a short sale that took about 2 months for short sale approval and then another month to close the transaction, so not too bad. For the most part the short sale process and [...]
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I just sold a condo in San Jose to a very sweet young couple. They wanted this particular community because it was close to Lake Almaden and they really like the location. They are FHA buyers and this community is not FHA approved. The deadline for spot approvals was Feb 1 and we barely made the deadline [...]
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Why FHA decided to end spot approvals is a complete unknown to me and is definitely not good news for FHA buyers and condo/townhome communities that are not FHA approved. As of February 1, 2010, FHA no longer allows spot approvals in said communities. A spot approval is one in which FHA looks at an individual unit, the HOA documents, and [...]
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