Fullerton, CA, Real Estate Market Update June 2012- Fullerton Realtor Single Family Residence Active Homes for sale: 144 (DOWN from last month,154) Homes In Backup Status (in escrow, taking backup offers)
Fullerton, CA, Real Estate Market Update March 2012- Fullerton RealtorSingle Family Residence Active Homes for sale: 154 (up from last month,151) Homes In Backup Status (in escrow, taking backup offers)
(ABOVE IS A GRAPH INDICATING THE AMOUNT OF HOMES ON THE MARKET IN REALTION TO THE AMOUNT OF HOMES PURCHASED YTD- ORANGE COUNTY IS CURRENTLY AT 2 1/2 MONTHS OF INVENTORY ) The graph below shows Orange
Due to the unfortunate economic climate, many homeowners are unable to afford the monthly payments on their homes. Wouldn't it be nice if you could avoid foreclosure, keep your credit from being destroyed,
The last time I had a buyer find one of these homes on a website, it was the second trust deed that was in foreclosure. As Dave mentioned there is A LOT to the foreclosure process and it is not a simple process.
In my buyer's case, the information was just being pulled from the public records. In all actuallity, the home was listed and had been for quite some time for much higher. I guess the moral of the story is that if it sounds to good to be true....
If you would like to forward me the information, I could look up the property and tell you what I know.
Re/Max North Orange County... more
Why Citi Bank Short Sales Rock It only caused the major lenders billions of dollars in losses and a massive forclosure portfolio for citi bank to realize that incentivizing short sales are the most
Love, exciting and new all aboard ….I don’t remember the rest! Why does a big government entity like fannie mae love you? To be perfectly honest it is conditional love, and they will only love you
Hello Mayi. This is a worthwhile question. Many banks are accepting contracts that have a Buyer's request for a credit. If a particular bank WILL NOT accept this, you'll know while negotiating. The bank will then most likely counter out your request and then it's up to you if you wish to proceed with the purchase and receive no credit back. Is this helpful to you?... more
If I understand the question, it sounds like there are a lot of pieces missing from this puzzle. If it has Only a notice of default, the homeowner has the right to try and sell it still. If it is for less than what the owner owes the bank, it is considered a short sale, and requires bank approval on the price. Depending on where you found this home, you could just be looking at the amount that is delinquent. If the bank that filed the notice is the 2nd, you will still be responsible for paying off the first.
Unless you are very clear about the process, NOD and NOTS can bring you more grief than value. Let's review what you are looking at, for free, to make sure you have all the information you need to make a decision.... more