Foreclosure in 91746 : Advice

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Madeleine Se…, Real Estate Pro in Anaheim Hlls, Anaheim,...
Madeleine Semaan answered:
WE RE-FINANCED OUR HOME AND TOOK OUT A LINE OF CREDIT......IF WE DECIDE TO WALK AWAY FROM OUR HOME, WHAT RECOURSE CAN WE EXPECT IF ANY FROM LENDER.
Well if you have consulted an attorney he should have explained to you tax consequences in ca pertaining to the line of credit.if its large Amount they can pursue u with a deficiency j ... more
0 votes Share Flag Thu Aug 15, 2013 Foreclosure in La Puente
Bob Georgiou, Real Estate Pro in Walnut Creek, CA
Bob Georgiou answered:
Must a Lender pay the back property taxes on a foreclosed property prior to reselling the property?
Yes! The government always gets paid!

In a foreclosure the property taxes in arrears that were the responsibility of the original homeowner come before the banks leins and are paid f ... more
0 votes Share Flag Sat Mar 10, 2012 Foreclosure in La Puente
Keith Sorem, Real Estate Pro in Glendale, CA
Keith Sorem answered:
The bank just accept my offer but the property was red tagged for a gas leak & a problem w/the house line.
Jackie
You have another underwriting issue. Is this an As Is sale?
did you have the home inspected?
What is your Realtor telling you.

My concern is that you continue to post ques ... more
0 votes Share Flag Sat Mar 10, 2012 Foreclosure in La Puente
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