http:/ ... more
An "REO" stands for "Real Estate Owned" and it means that the property is owned by the bank. After a home is foreclosed by the lender or lien ho ... more
Anytime bank is involved from foreclosure to a short sale you have drama ... more
These can take forever. Or they can move fast.
WIth REO and the like, don't fall in love with the home. Once your offer has expired, go looking. If they like you, they will ... more
Short Sale time frame with Countrywide...my experience...NEVER!!!!! Try 1 1/2 years, 3 offers, all rejected by Countrywide. Try an offer that's been in since December...still ... more
The answer to your questions depends on how much is owed to each lender (ho ... more
No. We are all anxiously waiting for the next round of homes to hit the market. I believe that the banks want to keep the prices up by not listing to many home at once. I ... more
The bank will not recognize the short sale list price. We have no idea what the property may come back on the market at. Regardless of the bank's marketing price we can stil ... more
Also If your offer is too low it might get ignored as well.
Trac is not a listing site. They publish notices of default & foreclosure from the public records. many of these homes have not yet completed foreclosure and are not yet on the ... more
Yes, the first-time buyer program does still exist in Carson for low to moderate income qualified applicants who have not owned ahome in the past 3 years, who are purchasing a ... more
Home buyers do not have disposal income to make ... more