Foreclosure in Sacramento : Advice

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Shel-lee Dav…, Real Estate Pro in 90274
Shel-lee Davis - BRE #01817412 answered:
how do i find out who bought my house at trustee's sale?
Pm:

Contact a local Realtor or title company. They will be able to tell you. Hope this helps.

Shel-lee Davis
Real Estate Consultant
RE/MAX Palos Verdes Realty
0 votes Share Flag Fri Dec 30, 2011 Foreclosure in Sacramento
Jim Walker, Real Estate Pro in Carmichael, CA
Jim Walker answered:
Now convinced what is the best way to get written down foreclosures Sacramento or any area good for
Have a real estate agent write offers for you on properties that you go see with her or him.
If a property was sold for $400,000 at the peak of the market, and you get an offer accept ... more
0 votes Share Flag Wed Nov 5, 2008 Foreclosure in 95828
Elizabeth We…, Real Estate Pro in Sacramento, CA
Elizabeth Weintraub Team answered:
What kind of assistance does CalVet offer customers who are finding it difficult to pay their mortgage? I
I haven't heard of Cal Vet helping out its borrowers. It won't even offer refinance assistance. However, all this could change over the next few months. Even Fannie Mae has decided to c ... more
0 votes Share Flag Tue Jun 22, 2010 Foreclosure in 95823
Erin Stumpf, Real Estate Pro in Sacramento, CA
Erin Stumpf answered:
How long can you stay in your house after trustee sale?
You really should try to be out before the Trustee Sale...but it is likely that within a week or so of the sale you will get a knock at your door from a bank representative or asset man ... more
0 votes Share Flag Thu Jan 17, 2013 Foreclosure in Sacramento
Jim Johnson, Real Estate Pro in 78233
Jim Johnson answered:
What percentage are banks willing to pay for closing costs on short sales in North Natomas area?
If the property is being sold on a short-sale, the bank is already taking a hit. Don't expect an offer that includes buyer closing costs to be accepted. They will sell to the best offer ... more
0 votes Share Flag Tue Jun 3, 2008 Foreclosure in Sacramento, CA
Elizabeth We…, Real Estate Pro in Sacramento, CA
Elizabeth Weintraub Team answered:
Purchasing an "as-is" home - insurance and warranty?
Your homeowner's insurance would be the same as any policy you take out to cover your personal residence. On the other hand, banks typically will not pay for a home warranty, so if you ... more
0 votes Share Flag Sun May 18, 2008 Foreclosure in Sacramento, CA
Elizabeth We…, Real Estate Pro in Sacramento, CA
Elizabeth Weintraub Team answered:
Does a buyer of an REO have any recourse if bank pulls out of deal after we invested money into the property?
Oh, my gosh. This is terrible. How long did your loan officer give you to start with? When I write CalHFA loans, I do so with 45 days to close, just for that very reason! How awful. The ... more
0 votes Share Flag Wed Apr 16, 2008 Foreclosure in Sacramento, CA
Elizabeth We…, Real Estate Pro in Sacramento, CA
Elizabeth Weintraub Team answered:
What does it take to buy a foreclosed home?
So much depends on whether it is a pre-foreclosure ( meaning a short sale), a post-foreclosure (meaning a REO) or a home that is going into auction (teaser introduction rates, which hav ... more
0 votes Share Flag Tue Apr 28, 2009 Foreclosure in 95828
Cu Nguyen, Home Buyer in San Jose, CA
Cu Nguyen answered:
I am a Realtor in the Sacramento area and I am wondering what potential home buyers are thinking of the
Hi,
Here is my thinking as home buyer for rental.
1. Does it go down more? 10% or 20% more.
2. Does it generate positive cash flow?
3. Does the cash on cash is 10% or more?
CN
0 votes Share Flag Sun Apr 26, 2009 Foreclosure in Sacramento, CA
Pam Winterba…, Real Estate Pro in San Ramon, CA
Pam Winterbauer answered:
We would be moving from Lincoln and are considering the Sacramento area.
Cindy.....would love to help you here but what is the question? Lincoln has a large retirement community and are you asking what the market is here?
0 votes Share Flag Sun Jan 13, 2008 Foreclosure in Sacramento, CA
Dee Nofziger…, Real Estate Pro in Toledo, OH
Dee Nofziger | Toledo Homes answered:
Does it make a differnce when making an offer to buy a house to pay 100% cash?
Well, basically. YES. I am Realtor and just had cash transaction close two days ago. It was a bank-owned foreclosure property and they were the accepted bid, even though lower than a si ... more
0 votes Share Flag Tue Jan 1, 2008 Foreclosure in Sacramento, CA
Christopher…, Real Estate Pro in 92543
Christopher Walker answered:
When my house is foreclosed, what happens to the second mortgage in california?
California does not provide recourse for "purchase money" loans with only rare exceptions. Purchase money is when you are taking a loan at the time of purchase. If you have re-financed ... more
0 votes Share Flag Sun Apr 11, 2010 Foreclosure in Sacramento
Elizabeth We…, Real Estate Pro in Sacramento, CA
Elizabeth Weintraub Team answered:
I was told that if you are renting a home and it goes into forclosure the bank (or lender) will pay for your
I know this isn't the answer you want to hear, but it depends. Typically, no, banks don't pay to move tenants. What happens is the deed of trust contains an assignment of rents provisio ... more
0 votes Share Flag Tue Dec 18, 2007 Foreclosure in Sacramento, CA
Erin Stumpf, Real Estate Pro in Sacramento, CA
Erin Stumpf answered:
I need a hard money lender in sacramento. I have more than 150,000 equity in my home and need to borrow about
Sorry to hear about your situation. A hard money lender is going to charge you a VERY high amount for loan origination up front, and generally those types of loans are not meant for lo ... more
0 votes Share Flag Tue Mar 3, 2015 Foreclosure in Parkway
Mr.P, Other/Just Looking in Arizona
Mr.P answered:
What is the best way to get REO listings?
Heidi-

Breaking into the REO business now is tough, any listings you get, you may not want.

Go through your MLS looking for lender owned property`s. Generally in the remarks it ... more
0 votes Share Flag Wed Jun 10, 2015 Foreclosure in Sacramento
Tisza Major-…, Real Estate Pro in Claremont, CA
Tisza Major-Posner answered:
How difficult is it to close a short sale property?
Hi Adrain,

It depends on how willing your seller's are to do whatever is necessary to prepare their home for sale, how aggressively and market appropriately you price the home and ho ... more
0 votes Share Flag Sun Apr 26, 2009 Foreclosure in Sacramento, CA
Cj, Real Estate Pro in Esp., New Mexico
Cj answered:
Does anyone know the percentage of foreclosures that are the market?
Here is a link to a senate report that really studies the issue and even does so on a state by state basis, I hope it helps on your research
Government Study on Foreclosures, costs and ... more
0 votes Share Flag Thu Oct 4, 2007 Foreclosure in Sacramento, CA
Dot Chance, Real Estate Pro in Burbank, CA
Dot Chance answered:
how do i start getting reo listings? is there a list of lenders that offers this?
Hi, John. An agent in my office is getting a lot of foreclosure listings from lenders that he has done business with over the past few years. It appears that he is be rewarded for all t ... more
0 votes Share Flag Thu Jun 13, 2013 Foreclosure in Sacramento
Jim Walker, Real Estate Pro in Carmichael, CA
Jim Walker answered:
How do I locate real estate agents, mortage brokers,hard moneylenders and title companies for specific areas?
If you have a product or service to sell to realtors the NAR will rent you the Realtor mailing lists. We are also listed on the State of California D"R"E web site you can obtain our ... more
0 votes Share Flag Tue Oct 21, 2008 Foreclosure in 95816
Deborah Madey, Real Estate Pro in Red Bank, NJ
Deborah Madey answered:
Are post foreclosure auctions really such a good deal? Or is it just perception trumping reality?
The purpose of auctions is to create a sense of urgency so that buyers will quickly act and pay a higher amount.

There should be a bidders list and property info before the auction. ... more
0 votes Share Flag Mon Dec 17, 2007 Foreclosure in Sacramento, CA
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