Foreclosure in 94108 : Advice

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Lance King-F…, Real Estate Pro in San Francisco, CA
Lance King-Founder/Broker answered:
So I hope I don't step on any toes - but is Realty Trac any good? Do you really find out about the latest?
Pamela,

From my understanding, Realty Trac, and most of its competitors are mostly about getting people to subscribe to their service. Most of the time when buyers cite a particular ... more
0 votes Share Flag Fri Jan 2, 2009 Foreclosure in San Francisco
Blaison Samu…, Real Estate Pro in Fremont, CA
Blaison Samuel answered:
What resources are there for homowners who are behind on their mortgage payments?
Rgr,

Sorry to hear about your brother in law, there are 2 things he can do - either go for loan modification if he wants to keep the house and afford the new payment or do a short sa ... more
0 votes Share Flag Tue Nov 2, 2010 Foreclosure in 94114
Lance King-F…, Real Estate Pro in San Francisco, CA
Lance King-Founder/Broker answered:
148 Park recently sold for a little more than $200k. Was this an auction sale or an REO?
This property shows on the MLS as last being sold in 2004 for $770K. My guess is that an owner transferred an interest in the property, hence it shows as "sold." I see no way a single f ... more
0 votes Share Flag Mon Dec 15, 2008 Foreclosure in San Francisco
Blaison Samu…, Real Estate Pro in Fremont, CA
Blaison Samuel answered:
foreclsoure process and players in the SF market
Dirk,

If you are looking to buy a foreclosed home then the procedure is normal as the other regular sale. These foreclosed homes comes on the market (the asset manager assigns to th ... more
0 votes Share Flag Fri Nov 28, 2008 Foreclosure in San Francisco
Sally Rosenm…, Real Estate Pro in San Francisco, CA
Sally Rosenman answered:
How many months does a homeowner have between going into default and being classified as a 'foreclosure?
Dear Gregor,

It depends on the bank. The homeowner can negotiate, especially if he/she plans to try to see the property first.

Cheers,
Sally
0 votes Share Flag Fri Nov 21, 2008 Foreclosure in San Francisco
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
Tenents rights
After the foreclosure, the banks require all properties to be vacant. They will begin eviction proceedings right away. In a case liuke this the tenant does not have any rights as there ... more
0 votes Share Flag Wed Jul 18, 2012 Foreclosure in San Francisco
James Testa, Real Estate Pro in San Francisco, CA
James Testa answered:
Loan Modification Needed for property going on foreclosure question...
Hi Tim,

Please give me a call at 415.515.6097 and I can recommend my mortgage banker/broker who is very well qualified to help you. He has helped many of my clients through very diff ... more
0 votes Share Flag Sat Nov 28, 2009 Foreclosure in San Francisco
Cheryl Bower,…, Real Estate Pro in San Francisco, CA
Cheryl Bower, CRS,GRI,ABR,ePro answered:
Do you have a list of properties of only those that have not already been sold or reclaimed?
Hi Sheila,

I'm not sure I understand your question. Are you interested in receiving properties from the MLS which are currently listed as active? If so, you can receive active list ... more
0 votes Share Flag Wed Sep 24, 2008 Foreclosure in San Francisco, CA
John Scott, Real Estate Pro in 94127
John Scott answered:
260 King #879 was sold for 446k on 8/1/08. Was this a real sale or a just reclaimed by the bank?
Hello Elle,
This condo was on market until June 2008 for $699,000, then the listing was cancelled. No other information available on the MLS. Prior to 8/1 it was owned by an individua ... more
0 votes Share Flag Thu Sep 4, 2008 Foreclosure in San Francisco, CA
Jed Lane; Fog…, Real Estate Pro in San Francisco, CA
Jed Lane; Fog City Guide answered:
I am a renter whose loft has just gone into receivership. What are the repercussions, if any, to my deposit?
CAC,
Your deposit is either in the owners bank being held for you or if the property is under managment it is in a trust account with the property manager.
Review your lease and find ... more
0 votes Share Flag Sun Aug 10, 2008 Foreclosure in 94107
Shel-lee Dav…, Real Estate Pro in 90274
Shel-lee Davis - BRE #01817412 answered:
Short sale going into foreclosure -- help!
Natasha:

It is not unusual for a bank to file NOD even when the property is being considered for Short Sale. It takes 111 days in CA from NOD to Auction and the bank is just protect ... more
0 votes Share Flag Wed Jul 30, 2008 Foreclosure in San Francisco, CA
Judy Tobolski, Real Estate Pro in Lake Oswego, OR
Judy Tobolski answered:
With the number of properties in foreclosure, do agents hesitate to work on these deals due to the
Because of the extremely long time ti takes to work through the red tape, whether or not an agent will work with a foreclosure property often depends on the buyer.If it is someone who n ... more
0 votes Share Flag Tue Jun 10, 2008 Foreclosure in 94131
Rebecca White, Real Estate Pro in San Francisco, CA
Rebecca White answered:
Where can I find a real estate agent who specializes in foreclosure homes in San Francisco?
Most people find me by googling either short sale or REO and San Francisco.

Are you wondering about pre-foreclosure properties (short sales--over 100 in San Francisco) or REOs (alre ... more
0 votes Share Flag Wed Apr 30, 2008 Foreclosure in San Francisco, CA
Ms. K, Home Buyer in Castro Valley, CA
Ms. K answered:
is foreclosure data accurate???
I too am suspicious of these foreclosure listings offered by RealtyTrak for example. RealtyTrak shows all the foreclosed properties on this website called Trulia.com. But in ord ... more
0 votes Share Flag Thu Jul 31, 2008 Foreclosure in San Francisco, CA
Mike Kelly &…, Real Estate Pro in Santa Rosa, CA
Mike Kelly & Allison Norman answered:
where are all the government tax forclosures in sf bay area?
Tax Foreclosures? Please explain. Are you referring to property tax sales? IRS liens which result in siezure of property?
0 votes Share Flag Wed Mar 12, 2008 Foreclosure in San Francisco, CA
Gregory NNN…, Real Estate Pro in 94127
Gregory NNN Commercial Garver answered:
Is 174 Victoria St 94132 still active forREO ? I got from realtytrac but dont know how to interprete all
Email me your email address and I will send you the tax records.
0 votes Share Flag Thu Nov 11, 2010 Foreclosure in 94132
Christine, Home Buyer in San Francisco, CA
Christine answered:
I too am waiting on a short sale
To clarify. The 2nd bank has accepted. In my resarch thruout Trulia I am finding that if the 2nd bank has approved then it should be a much smoother process. Your thoughts?
0 votes Share Flag Thu Mar 13, 2008 Foreclosure in San Francisco, CA
Michael Acke…, Real Estate Pro in San Francisco, CA
Michael Ackerman answered:
How does the foreclosure process work? Do realtors receive any commission?
James,

You're asking questions the late night infomercials put on whole seminars about. They want to get you hooked into the programs, software and seminars they sell. Let's just s ... more
0 votes Share Flag Sat Sep 13, 2008 Foreclosure in San Francisco, CA
Gregory NNN…, Real Estate Pro in 94127
Gregory NNN Commercial Garver answered:
What is the difference between a quick sale and a short sale?
Quick sales are quick and short sales short.

Quick sale is when the seller sells at a lower price, and a short sale is when the mortgage company reduces the note and you buy the note ... more
0 votes Share Flag Fri Nov 15, 2013 Foreclosure in San Francisco
Gregory NNN…, Real Estate Pro in 94127
Gregory NNN Commercial Garver answered:
I really like 260 King 613, does this place worse 552k or its posible to get for 500k??????
Sorry, just had to be the first to answer this one. Eli, call me.
0 votes Share Flag Tue Jan 15, 2008 Foreclosure in South Beach, San Francisco, CA
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