Foreclosure in Burbank : Questions & Answers

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Daina Burness, Real Estate Pro in Burbank, CA
Daina Burness answered:
My credit is not great, but I do have a full time job and am current on all bills.
My suggestion is to fix your credit first. The great interest rates of today that are quoted are for people with good credit so your interest rate would be higher since you may be consi ... more
0 votes Share Flag Sat May 25, 2013 Foreclosure in Burbank
Jeri Creson, Real Estate Pro in ,
Jeri Creson answered:
if you havent heard back from the bank from a week on a forclosure does that mean they picked a difference offer
Short answer: Nope. Long answer….well, my friendly fellow agents below have some good answers and scenarios. You're still in there until they tell you that you aren' ... more
0 votes Share Flag Tue Nov 22, 2011 Foreclosure in Burbank
Mj Barnett, Real Estate Pro in Burbank, CA
Mj Barnett answered:
What is my best option for an underwater investment property which I just received a notice of default? I
Try and renegotiate the loan first. It's always your best bet if the programs work for you.
If you don't qualify for the HAFA or other programs currently available to ... more
0 votes Share Flag Wed Sep 21, 2011 Foreclosure in Burbank
Melissa, Home Buyer in Laguna Niguel, CA
Melissa answered:
do you have a better chance on banks accepting offers of cash?
How long can the bank take to say if you got it or not?
0 votes Share Flag Tue Jan 25, 2011 Foreclosure in 91501
Kyle and Nor…, Real Estate Pro in Burbank, CA
Kyle and Norma answered:
how do you find free bank foreclosure homes in the area you want to purchase in?
Yes some banks have lists available to any buyer. You will still need an agent to submit the offers for you. If you would like the names of the banks and the links so you can vie ... more
0 votes Share Flag Fri Jun 4, 2010 Foreclosure in Burbank
Tommy Lee,  in 91502
Tommy Lee answered:
I would like to make an offer for this home.
Looks like you are getting some sound advice from the answers below. I would also like to add a couple of other thoughts. First, since it is a forecloure, you will probab ... more
1 vote Share Flag Thu Feb 18, 2010 Foreclosure in 91501
Five Star Re…, Real Estate Pro in Burbank, CA
Five Star Real Estate Brokers answered:
How do foreclosures work? in burbank are there a lot of foreclosure homes, if yes what's the average saler
There are a lot of great deals because banks generally price them to sell fast. Home inspections are mandatory because by law the seller would normally have to disclose known problems w ... more
0 votes Share Flag Wed Jan 6, 2010 Foreclosure in Burbank
Keith Sorem, Real Estate Pro in Glendale, CA
Keith Sorem answered:
made an offer on a bank owened house asking price 205k offered 249k the bank says they got over 30 offers ours
Mrs. Solano
The problem that we have in Burbank, and truthfully the entire SFV is that there is a shortage of inventory.
A balanced market is said to be a six month supply of homes. ... more
0 votes Share Flag Wed Jul 29, 2009 Foreclosure in Burbank
Dyanna,  in California
Dyanna answered:
I would like to know what are my rights as a viable co-borrower: Can I keep my APPROVED loan modification and
In order to qualify for the loan modification the person on the loan needs to sign the modification documents. If both of you are on the loan then you both need to sign. You might have ... more
0 votes Share Flag Fri May 8, 2009 Foreclosure in 91506
Deborah  Lon…,  in Torrance, CA
Deborah London answered:
Is this house in forclosure?
Hi Melinda. Yes, this 3 Bedroom property is headed for a trustee sale. The current owner bought it a year ago and obviously is in financial distress. Are you interested in buying it or ... more
0 votes Share Flag Fri Oct 31, 2008 Foreclosure in Burbank
Keith Sorem, Real Estate Pro in Glendale, CA
Keith Sorem answered:
where can I find a suitable rent to own townhome, or condo in or near Burbank 3k?
I checked in the MLS and I found 15 units under $3,000 for rent in Burbank, ranging from $1,700 and up.
If you'd like specific information please contact me via my Trulia profile.
Kei ... more
0 votes Share Flag Wed Sep 24, 2008 Foreclosure in 91504
.,  in Los Angeles, CA
. answered:
Need foreclosure agent
Saw you question. Here's the scoop (though your first response appears capable) . Ask the broker to disclosoe any material facts such as knowledge of a wrongful foreclosure claim, any a ... more
0 votes Share Flag Fri Aug 22, 2008 Foreclosure in Burbank
Keith Sorem, Real Estate Pro in Glendale, CA
Keith Sorem answered:
I am interested in REO property in Burbank area. Please email me at mnsweeps1 at Thanks
I would be happy to help you find property in the Burbank area. I also prepare a monthly market report that may offer you some insights into the market.

For the past few months ... more
0 votes Share Flag Tue Jul 29, 2008 Foreclosure in Burbank
Ed Beck, Real Estate Pro in Boonton Township, NJ
Ed Beck answered:
How long does it take to hear back on a bank owned offer?
I am an agent that lists and sells bank owned properties exclusively. It may take up to two weeks for you to get a counter from the bank. The norm I'd say is 3-5 days, but it doe ... more
0 votes Share Flag Tue Mar 18, 2008 Foreclosure in Burbank
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