Foreclosure in Cypress : Advice

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Morcos Azer, Real Estate Pro in 90650
Morcos Azer answered:
Is the loan null & void and can they foreclose on property or is only ¼ actually the banks only?
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 ... more
3 votes Share Flag Tue Sep 18, 2012 Foreclosure in 90630
Charles K. P…, Real Estate Pro in 90630
Charles K. Park answered:
Do I need to have the full asking amount in cash/proof before being considered on a bank owned property?
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 reali ... more
0 votes Share Flag Wed Nov 18, 2009 Foreclosure in 90630
Sharon Parker, Real Estate Pro in 77459
Sharon Parker answered:
So I see these foreclosed properties that say $110,000 loan. What does that mean?
no, this is property that being sold at that price. You would need to get a agent that is working for you, and they should make sure you are not getting into a nightmare .
0 votes Share Flag Wed Aug 20, 2008 Foreclosure in Cypress
Sharon Parker, Real Estate Pro in 77459
Sharon Parker answered:
I am currently leasing a property that has been foreclosed on and the bank now holds the title. Should I?
no, do not. You need to found out who home it is and see if they are going to lease or sale, if sale you need to found a home to lease before they put a pad lock on the door, (REO) agen ... more
0 votes Share Flag Wed Aug 20, 2008 Foreclosure in Cypress
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