Bank Owned

Ted Answers Trulia Voices

• Blocked from housing market March 9, 2010
  Answer by Ted Mackel: I am going to have to back up Bonnie here on this one. FHA financing matters a great deal to sellers. The FHA appraisal is far more rigorous than a conventional loan appraisal. The FHA appraisal process can generate a list of repairs large enough to kill an escrow. The facts support this assertion as well. When you look at the closings […]
• Found my dream home. It's a short sale and goes to auction in 2 weeks. Owner refuses to sign our offer. He will lose it in 2 weeks if someone March 8, 2010
  Answer by Ted Mackel: Kimberly, Here are your issues. If you are getting a loan. The appraiser will need to get in the house. The Seller can post a 24 hour notice (for inspection) and drill the locks if the tenant is uncooperative. This will require scheduling the appraiser and a locksmith all at the same time and if the tenant still refuses or blocks entry, […]
• Found my dream home. It's a short sale and goes to auction in 2 weeks. Owner refuses to sign our offer. He will lose it in 2 weeks if someone March 6, 2010
  Answer by Ted Mackel: Kimberly, This is probably the most exciting time to be in this business. The communication tools and channels I have at my disposal are endless. I owned a large business in Simi Valley in the 1990s and I had no way to reach my customers other than direct mail, the Newspaper and a prayer that I could get the Star to do an article on my […]
• Found my dream home. It's a short sale and goes to auction in 2 weeks. Owner refuses to sign our offer. He will lose it in 2 weeks if someone March 4, 2010
  Answer by Ted Mackel: Kimbery, You can look up LLCs & Corporations on the California Secretary of State's website. It's public record. http://kepler.sos.ca.gov/cbs.aspx Unfortunately it does not give any more information about the entity's activities. Entity Name: CONEJO CAPITAL PARTNERS, LLC Entity Number: 200907810233 Date Filed: 03/09/2 […]
• Does Brookshire Condos in Camarillo, CA cover hazard insurance? March 1, 2010
  Answer by Ted Mackel: Without seeing the HOA docs? I cannot answer definitively. Typically if the units are attached, then there is a master hazard policy, because you need protection from the activities of your neighbors. I am not sure that you could even get coverage on attached units for fire insurance for individual units in the same building. You could […]