Foreclosure in Santa Clara : Real Estate Advice

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Juliana Lee, Real Estate Pro in Palo Alto, CA
Juliana Lee answered:
how long does the renter of a home going into foreclosure have to move?
Leases are not ended by foreclosure, however the owner will probably not maintain the property.
The short answer is that a 90 day notice is required. A good summary can be found at:
h ... more
0 votes Share Flag Sat Jul 6, 2013 Foreclosure in Santa Clara
Mitchell Pea…, Real Estate Pro in San Jose, CA
Mitchell Pearce answered:
Would foreclosure erase the second lien?
Taza Guru:

The simple short answer is yes, if the senior lien forecloses and the value of the house is less than his lien, your lien gets wiped out.

Both Mark and Terri offer soun ... more
1 vote Share Flag Fri Feb 17, 2012 Foreclosure in Santa Clara
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Ruth and Perry Mistry answered:
My husband passed away leaving me with 500K HELOC on our home. I have no savings or job. Can i walk away? i have another home that 's paid off.
Regret to hear about the loss of your spouse.

Clearly, you do need to look at the implications of walking away which would be
Not a prudent step.

Prudent to talk to you accounta ... more
0 votes Share Flag Sat Sep 10, 2011 Foreclosure in Santa Clara
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
I am a newbie testing the investment real estate market. Can someone recommend a good attorney specializing in foreclosure, short-sales etc.?
You talk like you're from New York:
In California we use Realtors.
We feel an Attorney will get you out of trouble.
A Realtor will keep out of trouble.
0 votes Share Flag Sat Aug 6, 2011 Foreclosure in Santa Clara
Christopher…, Real Estate Pro in San Jose, CA
Christopher Cossitor answered:
I'm interested in a bargain in Santa Clara; a foreclosure? How do I find a realtor who deals with this?
Good deals abound, and some are not distressed sales. The best way is to call and discuss the options as each buyer is unique. I would like for you to call my office that I may learn ... more
0 votes Share Flag Tue Feb 15, 2011 Foreclosure in Santa Clara
Kathy Weber, Real Estate Pro in Temecula, CA
Kathy Weber answered:
How to obtain foreclosure cleanouts contracts?
Orion,

My husbands business for the past 2 1/2 years has been cleaning and repairing bank owned homes.

We don't receive "contracts" from the banks. We receive guid ... more
0 votes Share Flag Sat Nov 20, 2010 Foreclosure in Santa Clara
Sam Shueh,  in San Jose, CA
Sam Shueh answered:
My bank (BankUnited) just approved my short sale but they're saying I have to pay $3500. I don't have any savings or way to raise this
I agree with some helpful suggestions. Anything is negotiable. If you prove you got no money the choices from the lender is limited. Recently the bank requested $12,000 to be paid by bo ... more
0 votes Share Flag Wed Oct 13, 2010 Foreclosure in Santa Clara
Andrea Wince…, Real Estate Pro in Milpitas, CA
Andrea Wince ~ Lic. 01439761 answered:
in the state of tennessee how long do u have after you recive a forecloser notice you have to move
Hi Brenda, I recommend that you present this question in a Tennessee forum here within trulia. Just "search advice" state "tennesee" and then go from there. I' ... more
0 votes Share Flag Fri May 21, 2010 Foreclosure in Santa Clara
Kamal Randha…, Real Estate Pro in El Sobrante, CA
Kamal Randhawa answered:
How do forclosures work if interested in making a purchase?
Hello Donna,

There are a couple of different ways you can buy a foreclosure. One way is to show up at the auction they have to complete the foreclosure process and bid but this is v ... more
0 votes Share Flag Mon May 17, 2010 Foreclosure in Santa Clara
Jim Hamilton, Real Estate Pro in Los Gatos, CA
Jim Hamilton answered:
What are the disadvantages and risks involved in buying a foreclosed home?
Angie,
With all due respect to Scott's answer, I specialize in listing and selling REO's. His answer number 1 is on the money. Number 2 and 3 are where we differ. (I do know ... more
1 vote Share Flag Sun Jan 24, 2010 Foreclosure in 95054
Norman Aless…, Real Estate Pro in San  Jose, CA
Norman Alessandrini answered:
How do I find foreclosed properties?
Hi Tom,
My name is Allyson, I do specialize in bank owned and short sales properties. With interest rates still very low this is the perfect time to buy an REO. I really take the time ... more
0 votes Share Flag Tue Sep 30, 2008 Foreclosure in 95054
Linda Baker, Real Estate Pro in Los Gatos, CA
Linda Baker answered:
...if after the bank already accepted the offer and I found out by agent there is liens on the property what
Hi Tom,
Have your agent check with the Title Company to make sure (s)he has the most up-to-date preliminary title report. If you are purchasing an REO, then, most likely, the bank woul ... more
0 votes Share Flag Sun Aug 17, 2008 Foreclosure in Santa Clara
Alice Wu,  in 95129
Alice Wu answered:
where do I get a list of goverment tax foreclosure?
Submit $25 to Santa Clara county to get the list, the next tax lien auction is in Spring 2009.
Check the website for detail information
0 votes Share Flag Mon Aug 4, 2008 Foreclosure in Santa Clara
Hannah Flieg…, Real Estate Pro in Larkspur, CA
Hannah Fliegel answered:
how many days do you have to move if your house is forclosed?
Hi Shawna,

There is a new law in California. If you are the previous owner then you have 30 days to remain after foreclosure. If you are a tenant in the property then it used to be ... more
0 votes Share Flag Sat Jul 5, 2008 Foreclosure in Santa Clara
Rashid, Home Seller in Santa Clara, CA
Rashid answered:
MLS listing does not mention anything about bank owned. But seller agent told me this is a bank owned. How do?
it's confidential info, only agents access it on the MLS. Buyers don't see all info.
Rashid
0 votes Share Flag Thu Jun 5, 2008 Foreclosure in Santa Clara
Ali Moein, Real Estate Pro in Saratoga, CA
Ali Moein answered:
Agent experienced in working with RE Investors on rehab projects in Santa Clara County
Hello De,
I work with RE investors on many different levels, from single to multi units properties, large development projects and small fixers. I have access to contractors, handymen ... more
0 votes Share Flag Sat Jan 26, 2008 Foreclosure in Santa Clara
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