Home Buying in 90056 : Real Estate Advice

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Gail Mercedes…, Real Estate Pro in Los Angeles, CA
Gail Mercedes Cole answered:
Is it safe to buy an auction property? Please advice

Review all procedures at auction.

Gail Mercedes Cole
0 votes Share Flag Mon Nov 11, 2013 Home Buying in 90056
Kawain Payne, Real Estate Pro in Seal Beach, CA
Kawain Payne answered:
is it save to buy an auction property? What are the Pros and Cons?
Auctions can be brutal. Make sure you do your homework.

Get the address of the property you plan to bid on prior to the auction date.

Contact a title company and have them do a ... more
0 votes Share Flag Sun Mar 25, 2012 Home Buying in 90056
Heather Paul, Real Estate Pro in Santa Monica, CA
Heather Paul answered:
My first Mge. is 489K. My 2nd Mge. with Wells is 135K. The property is worth 500K. I stopped paying Wells. Will Wells likely fore.. I dnt think so.
They mostly will not foreclose, however the 1st mortgage gets notified when you are late on all secondary or subsequent loans-the first mortgage will usually step in and buy the 2nd. H ... more
0 votes Share Flag Fri May 6, 2011 Foreclosure in 90056
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