Foreclosure in La Mirada : Advice

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Short Sale D…,  in Los Angeles County, CA
Short Sale Diva answered:
In a short sale on the 1099s is the reported value the difference of proceeds from the amount owed or is the amount on the 1099 or just the sale price
The 1099 should be for the total amount forgiven but you will also get a 1099 from the escrow for the sale amount, this is standard procedure but you should talk to your tax accountant ... more
0 votes Share Flag Tue Dec 28, 2010 Foreclosure in 90638
Ted Canto, Real Estate Pro in Chandler, AZ
Ted Canto answered:
My house is foreclosed and the second mortgage turn the loan over to the collection agency. Should I respond back to the collection agency? Both
I would contact your agent and ask him if he correctly did the paperwork, see if they can assist you. If not, then I would contact a lawyer or a reputable credit repair company. These ... more
0 votes Share Flag Sun Mar 14, 2010 Foreclosure in La Mirada
Dianne Johns…,  in Ann Arbor, MI
Dianne Johnson answered:
I have found a foreclosed property. It is owned by Federal Home Loan Mort Corp. what is my next step?
Time to get an agent. Ask them to help you with all the details.
0 votes Share Flag Thu Apr 9, 2009 Foreclosure in 90638
The Hagley G…, Real Estate Pro in Pleasanton, CA
The Hagley Group answered:
Is their such thing as govenment assistance for people who are about to face forclosure on their home?
NOOOOoooo!!!!!! First of all, contact your lender and try to negotiate yourself. If you DO decide to use a company, read all paperwork carefully...there are a lot of scams going on rig ... more
0 votes Share Flag Mon Sep 8, 2008 Foreclosure in 90638
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