Â Special Warning to Spanish-Speaking Homeowners and Tips on Avoiding Scams SACRAMENTO â€“ The California Department of Real Estate (DRE) has issued a Consumer Alert toÂ help Spanish-speaking
They there is a concern about foreclosure if no one wants the property. The property is the collateral of the note, and that is why the lender wants to foreclose on the property. But as far as the impact of the foreclosure such as credit issues and deficiency, the only person(s) that will be affected is(are) the one who sign the note or guarantied the note if any.... more
Stop Foreclosure CypressYou should always contact a localÂ Cypress Foreclosure Real Estate Agent to learn what your options are, you have several options other than just letting your property go to foreclosure.
I bought a bank owned Cypress, CA home for myself earlier this year. The other agent was very helpful. So don't get discouraged. There are all types of agents out there. Also realize that the nature of the (bank owned) beast is different from regular resales. Banks have a lot of stuff on their hands, their asset managers are interested in getting rid of them, the agents also have a lot of work, - a lot of it is commodified and people don't have a lot of patience. Therefore, you need to have more patience and also work a lot harder. And don't expect the bank owned property to be always in ready-to-move-in condition as maybe a regular resale home would be. Good luck.... more