RealEstateMD's blog

I can not believe it, Closing on my condo end of this month and just got a house with 95k Instant Equity in it today. I am so happy I am part of this family and Crazy part, I have not even started to get warmed up. This is just day one of the post Insider Edge. WOW!!!!!!!!!!!!! So Much, That 30 Day works

Hey DG Family members, I have a Turn key Investment Property located in Sacrament Ca, 95835. This is a hot area for rentals and condos, Over 150+ properties sold in the last three months (cash).
Its a :
Location: North Natomas Condo Community
Address is : 3301 North Park Blvd, Unit 1715 Sacramento, CA 95835.
Zillow FMV: 128,000.00 (not counting the 12,339 for upgrades)
Total View FMV: 122,432.00 (not counting the 12,339 for upgrades)
Tax Assessment (2010): 186,834.00

Price to you with assignment fee: $107,500.00

PSF: 69.39
Rent from 1450-1650
Rehab Cost: Zero unless you want fresh print then 500.
HOA Fees: 301.35/mo.
Taxes: 383.27/yr.
Sold Comps: By email
Property Zip: 95835
Schools:4/5 stars
Property Type: Condo/Townhouse
BEDS: 3
BATHS: 2.5

I have a question and I was wondering if someone has faced the same thing. I am submitting offers with a agent on a REO that is willing to do everything. She is a amazing agent, however, she says the the Banks here In California that are holding the REO's wants to see a Bank Statement not a POF from somewhere like coastal-Funding.com. Here is what I was told, "Also the only problem with those proof of funds letters isn't enough for our offers to be looked at. The banks are pretty strict and need a bank statement for these REOs"

I know they work on same, and not on others. How would you go by handling this small set back. Anyone please help and coaches please help too, Funds from those sales are my ticket to the Success Academy.