Foreclosure in 92069 : Advice

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JR Thrasher, Real Estate Pro in San Diego, CA
JR Thrasher answered:
Can a house be listed as a short sale and a foreclosure at the same time.?
I wrote a blog about "Finding Foreclosed Homes on Trulia" just last week. I'll put a link in the web reference. That should answer all of your questions.

J.R. Thrasher
www.SanDiego ... more
0 votes Share Flag Wed Sep 11, 2013 Foreclosure in 92069
Pat & Steve…, Real Estate Pro in Westlake, OH
Pat & Steve Pribisko answered:
If the property is listed as a short sale and a foreclosure can the realtor the property is listed with control the amount the seller may bid?
We have heard of some banks doing parallel short sale/foreclosures. This means that one department is working on the short sale and another department is working on the foreclosure, an ... more
0 votes Share Flag Sun Dec 19, 2010 Foreclosure in 92069
Tracey Martin,  in Salinas, CA
Tracey Martin answered:
If a home is listed as a short sale and a foreclosure at the same time does the foreclosure override the short sale?
A foreclosure always trumps a short sale. A lender will not allow a short sale once the foreclosure has occurred unless the lender foreclosed in error. We had a short sale listing in ou ... more
0 votes Share Flag Fri Dec 17, 2010 Foreclosure in 92069
Lorraine,  in Vista, CA
Lorraine answered:
We have one rental property and have had rentals for over 15 years and excellent credit. I understand that
At this time I do not know of a lender/REO bank that is offering a situation such as the one that you are interested in. Once a home has gone back to the bank, most of the time there i ... more
0 votes Share Flag Thu Sep 16, 2010 Foreclosure in 92069
Justin Brenn…, Real Estate Pro in La Jolla, CA
Justin Brennan answered:
Hello Kimbra,
I am an asset manager and get calls from homeowners all the time wondering what happened because they thought they were going to get a short sale. The reality is that the ... more
0 votes Share Flag Thu May 6, 2010 Foreclosure in 92069
Keith Manson-…,  in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
Short Sale house becoming a foreclosure?
A short sale can become a foreclosue quickly if the mortgagor just gives up and does not try to do a workout or defend their position against the bank. However with hamp and hafa thing ... more
0 votes Share Flag Sun May 2, 2010 Foreclosure in 92069
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