Are they available to buy right now

I saw some single houses in Monterey Park 130,00 foreclsed, 318,750 in Monterey Park, 391,000 in Monterey Park all foreclosed
(0) | asked by: Perla Alpas | share | 8 months ago | Report
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answer by John Man    |   Visit My Website   |   Contact Me
I think the list in incorrect. There are only 34 homes in foreclosure process, including NOD and Trustee sales
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3 months ago  |   Report   |   share
answer by Sheryl Arndt    |   Visit My Website   |   Contact Me
Hello Perla, those prices seem low so I am not sure what you are looking at. If you are looking to buy you will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. D you have down payment and closing cost or do you need down payment and closing cost assistance programs? Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. You may consider FHA 3.5% down from a minimum 580 fico score up to $636k and from 3% down conventional from a minimum 620 fico score up to 424k. You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 3 million. If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates. Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only 24+ Years Experience BRE# 01140252 NMLS# 297251
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4 months ago  |   Report   |   share
answer by Rich Reed    |   Visit My Website   |   Contact Me
Hi Perla, most homes shown as foreclosures are not actually for sale, at least not yet. They are in some state of the foreclosure process and may never be available for purchase. Properties that have completed the foreclosure process and weren't sold at auction typically become listed as REO. If you are interested in a particular property, we can find out the status and contact the owner or the foreclosing party. We serve Monterey Park and the San Gabriel Valley. Contact us through our profile. Thanks!
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8 months ago  |   Report   |   share
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