Foreclosure in Lake Forest : Advice

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Michael Kim, Real Estate Pro in Irvine, CA
Michael Kim answered:
how to buy these foreclosure deals?
Have you seen specific properties you'd be interested in buying? There are several ways to purchase distressed (foreclosure) properties, and some are riskier than others. If you would ... more
0 votes Share Flag Fri Sep 21, 2012 Foreclosure in Lake Forest
Karen Parson…, Real Estate Pro in Laguna Beach, CA
Karen Parsons-Fiddler answered:
At what discount, foreclosed condos are sold in Lake Forest, CA?
Hi Sunny,

This is a common belief, but we just don't see it in the real market. Banks might be selling them for 35% of what they originally financed them for....but not 35% of t ... more
0 votes Share Flag Thu Aug 18, 2011 Foreclosure in Lake Forest
Bob Phillips…, Real Estate Pro in Coto de Caza, CA
Bob Phillips - (949) 887-5305 answered:
I foreclosed my house in Ca, 3 yrs ago, BofA is hounding me for the HELOC. Am I liable, and how do i stop them from reporting on my credit report?
I've seen a staggering statistic a few times in the past year - that as many as 70% of distressed homeowners never do a thing when they're being foreclosed on - they don' ... more
1 vote Share Flag Sun Jun 19, 2011 Foreclosure in Lake Forest
Marietta Bia…, Real Estate Pro in Lake Forest, CA
Marietta Bianchini Philpott answered:
My husband and I are currently renting in Lake Forest - any idea that best time to buy? Lease is up in July.
Hi Sherry:
Now is the time to start looking. Interest rates are really low and home prices are still low. Can you give me an idea of what you are looking for?

Thanks.
Marietta Phi ... more
0 votes Share Flag Wed Apr 27, 2011 Foreclosure in Lake Forest
Dave Gubler |…, Real Estate Pro in Foothill Ranch, CA
Dave Gubler | Broker answered:
I have a pre-approval am I ready to bid on a foreclosure?
Trevor, you can only purchase at the "auction" (trustee sale at courthouse) if you are able to pay cash (certified funds for the entire amount). This is what prevents most of ... more
3 votes Share Flag Wed Nov 17, 2010 Foreclosure in Lake Forest
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