Friday, July 27, 2007

Another REO in Sherman Oaks...

5209 BUFFALO AVENUE, Sherman Oaks, CA 91401


List Price: $699k
Last Sale: $850k on 11/18/05

Beds: 4
Bath: 4
Sq. Ft: 19,10
Lot: 6,480

MLS # F1726452

2 comments:

Tyrone said...

Just found this in a story on mortgage brokers:

http://tinyurl.com/2mfn8w
Tolerate no changes.
Brokers have no legal obligation to stick to their estimates. But they should do so, or at least notify you of any changes before closing. Request your final papers a day in advance and compare them with the good-faith estimate.

"There should be no surprises when you get to the closing table," says Savitt. Demand that any changes revert to what was contained in the estimate. If the broker won't budge, appeal to the lender.
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It's amazing how salespeople want to spend as little time as possible explaining the biggest purchases in peoples' lives.

Kate said...

Tyrone:

It's amazing to me how little people know going into a home purchase. Full stop.

I guess that in America, people are very comfortable with the idea that everything is disposable. Don't like your house? Don't like your husband? Don't like your dog? Just walk away.

If it weren't so easy to get out of everything, people might think longer and harder about their choices.