I think the homes in all of those areas are comparable. The main difference is that the Crow Creek area is a much smaller community and many of them have no front or back neighbors. Crow Creek is also closer to freeways and stores, restaurants in Castro Valley. I think driving around the three communities will give you a better idea of the type of setting you would prefer. Right now there are no homes for sale in Crow Creek, but I would be happy to forward any new listings that come on the market. Thank you.... more
Don't try to go "solo" on this.....even though everything seems fine at this point, all you have to do is introduce one challenge and things can become quite tricky....seek the support of an attorney that will represent you specifically on this to protect your interests.
There could be any number of things that could go left unaddressed without the proper support.
Congratulations on your new home.
You should call the Alameda County office since they will be answer that question. Agents cannot answer that question since it is not something we have access to.
Pick a Realtor that cares about you. You and everyone else want to buy and get a great deal in a great neighborhood. There are more good qualified buyers than we can shake a stick at. If you want to accomplish your goals in Real Estate find someone and commit to them. They in turn will commit to you.... more
Have you already spoken with a mortgage lender? If not, that should be your first step. There are different answers depending on your situation
What type of loan did you have on your short sale
What were extenuating circumstances and reasons for your hardship
Were you ever late on your monthly payments
Here's an article that says "FHA describes extenuating circumstances as circumstances that were beyond the control of the borrower, such as a serious illness or death of a wage earner, and the borrower has re-established good credit since the major credit event. For FHA, Divorce is not considered an extenuating circumstance. An exception may, however, be granted where a borrowerâ€™s loan was current at the time of his/her divorce, the ex-spouse received the property, and the loan was later foreclosed. Lastly, FHA does not consider the inability to sell the property due to a job transfer or relocation to another area does not qualify as an extenuating circumstance.
So in short, a prospective homeowner can buy after short sale with FHA right away (and VA) if there are NO LATE PAYMENTS and other nuanced conditions are met and after 3 years if there are late payments on the mortgage and/or installment debt. For Fannie Mae backed loans, with 10 percent down a prospective homebuyer can purchase AFTER 2 YEARS if they can document their extenuating circumstances."
Your mortgage broker can provide the guidelines regarding what it will take to qualify to buy again after a short sale
Good luck to you... more
The best thing to do is consult with your mortgage lender. There are different guidelines depending on what transpired that led you to do a short sale
What type of loan was it?
What were the extenuating circumstances?
Were you ever late on your payments?
What was your hardship?
Different answers for different situations.
Get thee to your mortgage broker to find out what will apply in your case.
Good luck.... more
Count me as another who will tell you that the seller cannot arbitrarily cancel the contract to sell the home to you. Read and understand your contract for insight into contingency periods, including the time period for lender approval. If you do not understand that issue, talk to your agent and get an explanation.... more
I used to live in Castro Valley so I know a lot about the area and schools. Almost all the schools are very good in Castro Valley, but the price range of $400K will not find much there. You may be able to find condos and townhouses but there is no chance of finding a Single Family home in the Castro Valley schools.
Some areas of Castro Valley come under Hayward schools which I am sure you are not looking for.
So if you find a home in Castro Valley, make sure you call the school district to see if that address is in the Castro Valley schools or not.
You can check out www.cfsflex.com. They specialize in purchase transactions and are one of the top 25 lenders in Maricopa County.
In 2011 I had to short sell my home and at the time I thought I would have to wait forever. My Realtor turned me on the the Flexible Credit Loan. It seemed too good to be true, but I got approved and now have a pending offer, even after my short sale less than two years ago. Big banks said it could not be done. Obviously it can.... more
i have a rentle which i am thinking of selling but to individules only. it will not go on the market and i will not be selling via a realtor. if i do i already have one. contact me if your interested in a 3/2 by Bart.
email@example.com Nancy... more
At this time there are only eight properties under $200K in the 4 cities you mentioned. Homes are selling very quickly since there are plenty of all cash buyers in this price range and the demand from investors is huge.
Are you working with an agent? Your agent can send you listings directly from the MLS of all homes that meet your criteria.
Castro Valley schools are outstanding. That's why you will not find 2,000 sq ft homes for under $350K. Decent homes go for $250-$300 per square foot range. Palomares Hills is gorgeous with some awesome bay views. Jensen Ranch Elementary up on the hill is one of the best in CA. Good luck.... more
-Less than 10% down 7 years from the date the sale closed and transferred to the new owner.
-10% down payment: 4 years from date sale closed and transferred to the new owner.
-20% down payment 2 years from the date sale closed and transferred to new owner.
-Extenuating circumstances (job transfer, death of coborrower) is 2 years with minimum of 10% down payment.
-3 years from date closed and transferred
-No waiting period if borrower had no late payments on any mortgages and consumer debts within the 12 month period preceding the short sale.
-2 from date of transfer to new owner
-No waiting period if borrower had no late payments and no mortgage or consumer latess within the 12 month waiting period preceding the short sale.
Steve + Althea let me know if you need further details on any of the above:
We can hire a translator, My fiance speaks Spanish, Russian, and English. The first thing we do is get your family member pre-approved for a loan, unless they have all cash. This will be based on credit, down payment, income, debt, and employment history. Strong in some areas and week in others sometimes is still acceptable. Interest rates are at record lows and you can buy with as little as 3.5% down. Their are some excellent deals on foreclosures and short sales. Also golden opportunities on income producing investment property. I live and work in Castro Valley, let me know if we can be of any assistance.... more
This is a personal opinion, but anyone who has just moved into a larger home in Castro Valley is more than likely now going to websites like HGTV.com, lowes.com, homedepot.com â€¦ you get the idea. They normally use sites like Trulia while looking for a home and discontinue their use once they are in their new digs â€¦
Otherwise, you are going to get a number of responses from Realtors who donâ€™t know you are a Community Manager here on Trulia Voices and hope you are looking for a bigger home in Castro Valley â€¦
Like those below â€¦... more
Gail Drive belongs to the Hayward school district. I would not pay a premium for a home that belongs to the Hayward school district. Look for anything above 580 freeway and you are assured of being in the Castro school district.... more
I know of an 1800+ sq. ft. townhouse for rent in the downtown area of Castro Valley. Excellent walk scores! It's a 3 bedroom, 2.5 bath, 2 car garage home with small yard ... for rent at $2350. If still needing a place to rent give me a call for the details. Lynn Levin, Prudential CA Realty, 510-593-7377.... more