foreclosure,loan loss, payments,REO,can a lender, what if, sold, Lender owned,servicing,colections
You've got some great responses so far.
If you'd like my latest market report on the area, I can send it to you. There are some good deals out there, in Burbank in particular however inventory is decreasing, so prices are trending upward.
1) not charge you but charge the lender.
2) Get you in on a pre foreclosure deal
3) Find a SHORT SALE with a huge incentive to the bank and borrower (for accepting a below the lower than ever below market price (get it).
Know this late night shoppers. . . The better the price the greater the risk....get full indemnification from lender and or its parent. No escrows use an attorney or expert.
Look If I were to sell you all my Enron stock while stockholders were dumping you could have got it for a fraction of what I paid. Then what? Nightmare and cries of â€œFoolâ€ (Itâ€™s not fun and I do empathize with the lenders and the borrowers).
I am telling people http://(www.borrowerhotline.com) there's a 3 year right of rescission folks ...yes in California for negligent lending. Who ever heard of such a thing . . .? Who ever heard of Countrywide under investigation and Wachovia going bust? You and I have no idea who will be around in the years to come and how mass and class complaints will play out. Threats of Fed preemption and borrower rights being fought by civil rights activists today and tomorrow. How and who will clean up this mess and its aftermath! Realtors, please rethink your disclosures and need to release yourselves of â€œmaterialâ€ withholding and avoid "Dual" agency deals. It's bad folks. REO will carry new requirements . http://www.borrowerhotline.com \
Foreclosure (Trump) 101 student's beware....There are lenders that will cut nice deals at dime on the dollar. . . ? â€¦..but know, the beast is hungry and waiting! http://borrowerhotline.com
There are no shortages of Real Estate Agent's within California of that there is no doubt. I am a private who teaches, and works with others to train you on the finer points of foreclosure investing. I live here in Napa, CA, and I operate my business on a national level. If you and your husband are looking to begin investing in foreclosures on a local, or national level I would be happy to speak with you, and if only to give you some good free advice on investing properly in foreclosure property's. I can tell you everything you need to know about investing in foreclosures here in California.
By way of introduction, I'd like to let you know that I have been actively selling real estate since 1977 and have gone through several down cycles. I am very local, my office is in Studio City, and I can let you know about homes in Burbank, Studio City, Valley Village, Toluca Lake, Valley Glen and other cities you may be interested in. I can prepare you and explain what to look for and expect when purchasing a foreclosure and help guide you towards making the right choice for a home.
I understand your fears of making the right choice of a trustworthy agent, as a single mom who raised two kids alone, I always had to keep eyes in the back of my head in order to make sure that I was not taken advantage of or be taken for a ride.
I would be thrilled to have you as my client and look forward to working with you in making the dream of home ownership a reality.
Please contact me at your earliest convenience.
The agents that deal with bank owned property generally do not have time to work with buyers - they refer them out to other people on their team. I would advise speaking with three different agents. Interview them. Work with the one you are comfortable with. Also GOOGLE them....name only...that will tell you a lot about their experience level. Good luck!
Although there are differences from area to area, these general criteria should be the same. When you are interviewing agents, ask them to tell you about the easiest, hardest and "typical" REO transactions they've been involved in.