Byron T Streitz

Trulia Pro
  • I'm a:
  • Real Estate Professional
  • Company:
  • RE/Max Gold
  • Location:
  • Web sites:
  •  
  • Phone:
  • (866) 575-9795
Byron T Streitz, in 95650
  • 1 Answer
  • 1 First Answer
Flag Report this profile
 
My Q&A View all >>
Byron T Stre…'s Questions (0)
Byron T Stre…'s Answers (1)
Scott, Home Buyer in Thousand Oaks

How does a house become bank owned?

Asked Sat Jul 19 2008, 10:03 by Scott  -  All locations  -  Home Buying  -  4 answers
Byron T Streitz answered:
Yes, if no one bids high enough, the home will become bank owned. Every state has different laws, so the timing may be different from state to state. The foreclosure sale may be delayed by the bank and trustee, if they are considering offers in a short sale. Unfortunately, short sales can be very discouraging; taking weeks or longer to get any response from banks. Good luck in your hunt for a home. - Sat Jul 19 2008, 10:20
Every state has different laws about foreclosure and the timeline from default on payments until sale of the property. In general, a house becomes bank owned after the owners have been given a notice of default, because they are late on their mortgage payments. Once the default notice is given to the owners they have several options to consider to remedy their late payment status. New laws have recently been passed in California that require banks to work with owners to help avoid foreclosure. If no viable options are found, then the home goes to auction. If no one bids high enough, the bank "buys" the property. The bank then assigns the property to an asset rchwho is responsible for getting the house ready to sell and getting it sold. Asset managers work with local realtors to set pricing, prepare the house to sell, market the house and present offers to purchase. - Sat Jul 19 2008, 10:15
View all Byron T Streitz's Questions & Answers >>
RSS
What's this?
Specialties
We pride ourselves on providing real estate services with high integrity and excellent service. We utulize or marketing expertise to help our buyers understand the marketplace and get great deal and help our sellers position their properties to optimize their chances of selling their properties on their time frame.
Our passion is helping honest people fulfill their real estate dreams.
Our goals in working with our clients are:
- Assure a good match between our strengths and our clients needs, and only accept clients we can help
- Help buyers purchase homes that meet their needs that we are confident we can help resell when the time comes
- help sellers market their homes and get them sold on time
- put our sellers in a strong negotiating position
- make the transaction as smooth as possible

We grow our business by referrals. We understand the importance of doing an excellent job for every client, and doing what we say we will, when we say we will. This makes it easy for every cleint to be confident and comfortable referring us to their friends and family.
Certifications & Awards
MBA, ePro, Member of Luxury Home Marketing Institiute, Member of Certified Residential Specialists, Broker Associate
Interests
We love real estate and are interested in new home design and construction, investing in real estate, the re-sale market and helping our clients and friends build their wealth.
I like to read, play golf, enjoy good wine, cook, travel, and visit with our grandchildren.
My partner and daughter loves to spend time with family, read about real estate and finance and entertain friends.
View Byron T Streitz's...

Profile

Questions & Answers

Byron T Streitz is a member of Trulia Voices:

Get the inside scoop on your area and home buying and selling.
Ask and answer questions about real estate.
Build your profile and contact home buyers, sellers and agents.