Foreclosure in San Francisco : Advice

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Leopold A Ro…, Real Estate Pro in San Francisco, CA
Leopold A Rodriguez answered:
Does a clouded real property title have any impact on the speed with which a lender will initiate foreclosure proceedings.?
You might consider consulting with Mr. Woo on the related issue – which seems rampant nationwide – on whether the foreclosing lender can document (ie “prove”) ... more
0 votes Share Flag Mon Jan 21, 2013 Foreclosure in Mission Dolores
Matthew Goul…, Real Estate Pro in San Francisco, CA
Matthew Goulden answered:
How to take over the payments on a defaulted home loan.Foreclouse.
Hi Filmore,

As you can see from the answers below, do not go this direction or believe what you read in a "how to get rich book" it may work on tax lien properties in "who the heck k ... more
1 vote Share Flag Wed May 30, 2012 Foreclosure in 94134
Gabrielle Da…, Real Estate Pro in 94121
Gabrielle Dahms answered:
Interested buyer: which bank has this foreclosure in Glen Park? http://www.trulia.com/foreclosure/3073508438--Surrey-St-San-Francisco-CA-94131
Jena,

Foreclosures like this one will be listed with a real estate agent because the bank - whichever one that is - understands that that's the best way to sell property. Banks are s ... more
0 votes Share Flag Mon Apr 23, 2012 Foreclosure in San Francisco
Matthew Goul…, Real Estate Pro in San Francisco, CA
Matthew Goulden answered:
Looking for an agent that has SUCCESSFULLY represented buyers on foreclosure and/or REO properties in San Francisco and also on the peninsula.
Hi Jena,

I understand your point.

If it's an REO or a short sale, the lender will required it to have been listed with a Realtor and placed on the MLS before they will consider an ... more
0 votes Share Flag Tue Apr 3, 2012 Foreclosure in San Francisco
Alina Aeby, Real Estate Pro in San Francisco, CA
Alina Aeby answered:
Looking for an agent that knows the short sale process and also has worked with an investor before?
Closing the second short sale listing this year, one of them a HAFA approval short sale. I was the listing agent for both of them.

I also represented numerous buyers while purchasing ... more
0 votes Share Flag Tue Mar 20, 2012 Foreclosure in San Francisco
Rich Bennett…, Real Estate Pro in San Francisco, CA
Rich Bennett 415.305.4911-cell answered:
What is the best way to purchase a foreclosure in San Francisco?
Hello-

I agree, buying a foreclosure is pretty simple. these listings should appear in the local MLS. Once you find a property you like, it's always best to come in quickly and ... more
0 votes Share Flag Tue Feb 7, 2012 Foreclosure in San Francisco
David Chiles, Real Estate Pro in Los Angeles, CA
David Chiles answered:
Realtor Q regarding pre-foreclosure listings on Trulia : how accurate is the status and what does it mean to a potential buyer?
The pre-foreclosure information on Trulia is as accurate as the court records they receive it from. That means that there are mistakes because many people have complained about paper wo ... more
0 votes Share Flag Tue Nov 29, 2011 Foreclosure in San Francisco
Paul Hwang, Real Estate Pro in 94105
Paul Hwang answered:
the 45 days for Short Sale Lender's Consent have passed and I haven't heard anything, what should I do?
short sales take a while and nothing is guaranteed. be patient and you will be rewarded. if not this onem then the next.
0 votes Share Flag Sun Aug 21, 2011 Foreclosure in 94109
Rich Bennett…, Real Estate Pro in San Francisco, CA
Rich Bennett 415.305.4911-cell answered:
is it possible to get information which houses in this area have been "condemned"?
Hi Eugenia-

There is no central realtor database with "condemned" homes (referring to homes that are not habitable). Your realtor can keep an eye out for distressed/fixer p ... more
0 votes Share Flag Sun Aug 21, 2011 Foreclosure in Silver Terrace
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
assignment of mortgage say assign to cis securities who is this and is this the correct way to show company holding mortgage.
Tom, you need more information;
they may be just a loan SERVICER>
0 votes Share Flag Sat Aug 6, 2011 Foreclosure in San Francisco
Margaret Has…, Real Estate Pro in 33618
Margaret Hassani answered:
How does a bank decide whether to allow a property to go to auction or sell it as a foreclosure on MLS?
First it goes to auction, which, as previously written, is the foreclosure. Then the bank has a Realtor list it for sale on the MLS.
0 votes Share Flag Fri Jul 22, 2011 Foreclosure in San Francisco
Lance R King, Real Estate Pro in San Francisco, CA
Lance R King answered:
How does one buy a foreclosed property?
Julia,

There is a lot of misunderstanding on this topic, but essentially there are two kinds of foreclosure properties:

1. Buy at auction on the courthouse steps. This is not advi ... more
1 vote Share Flag Mon Jun 27, 2011 Foreclosure in San Francisco
Bill, Other/Just Looking in 92069
Bill answered:
where can i go to verify the accurate loan amount owed, on a property i want to bid on, at auction?
Funny, a bunch of Blood sucking Agents have responded!!
Try going down to the county office and searching public records..
Not only do you want to know how much is owed but also what ... more
0 votes Share Flag Mon May 16, 2011 Foreclosure in San Francisco
Oggi Kashi, Real Estate Pro in San Francisco, CA
Oggi Kashi answered:
I made an offer on a home that was accepted, the home is scheduled to be auctioned in June. Not a short sale, seller has equity. Any caveats ? Thx!
Yes, Shel-lee - you are right. If the seller has enough equity to cover the closing costs, transfer taxes, late fees, penalties, attorney's fees and sales commission, and it's ... more
0 votes Share Flag Sat May 14, 2011 Foreclosure in San Francisco
Oggi Kashi, Real Estate Pro in San Francisco, CA
Oggi Kashi answered:
what does it mean when your house is sold to foreclosing beneficiary?
Neely

Are you searching for a specific property that was foreclosed? You can ask a local realtor to monitor the address and notify you immediately when the bank puts it on the market ... more
0 votes Share Flag Thu Apr 14, 2011 Foreclosure in San Francisco
Lamont Duncan, Real Estate Pro in 80211
Lamont Duncan answered:
Does the trustee have to posses the actual promissory note to sale my house at public auction?
like the other agent stated, it is hard to offer a viable solution without knowing all the details. I guess the crux of this is "What is your real question?" If you are seekin ... more
0 votes Share Flag Thu Apr 14, 2011 Foreclosure in San Francisco
J. Mario Pre…, Real Estate Pro in San Francisco, CA
J. Mario Preza, CRB, CDPE answered:
Is there a procedure where you can sale the home back to the bank, for the amount left on mortgage?
That is sort of what happens with a foreclosure. The alternative for the homeowner is a deed in lieu of foreclosure where the bank, if they accept that proposal, will take the keys and ... more
0 votes Share Flag Thu Mar 31, 2011 Foreclosure in San Francisco
J. Mario Pre…, Real Estate Pro in San Francisco, CA
J. Mario Preza, CRB, CDPE answered:
Which professionals do most borrowers go to when they need help with loan modifications?
This is a sub-industry in the real estate arena brought on by the dramatic changes in either the real estate market or the stifled economy as a whole, however, typically such metamorpho ... more
0 votes Share Flag Thu Mar 31, 2011 Foreclosure in San Francisco
Tracey Martin, Real Estate Pro in Salinas, CA
Tracey Martin answered:
Do any of you Realtors have experience dealing with loan modification agencies?
I agree with Bob. A non-profit agency, such as HUD, is your best bet. The role of anyone assisting in a loan modification is essentially keeping the lines of communication between the s ... more
0 votes Share Flag Thu Dec 23, 2010 Foreclosure in San Francisco
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