Foreclosure in Santa Rosa : Questions & Answers

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carenkerr, Both Buyer and Seller in 90405
carenkerr answered:
can you buy a foreclosure home?
Buyers interested in purchasing a property through foreclosures as home loans are low interest. Depending on the condition, year of construction, facilities of appliances included, loca ... more
0 votes Share Flag Tue Oct 22, 2013 Foreclosure in Santa Rosa
Walter 'Skip'…, Real Estate Pro in 92870
Walter 'Skip' Kersten answered:
the house I rent reverted to the bank after auction. Landlord will not be redeeming property. How can I buy it before evicted.?
Try contacting the bank or Trustee and ask them that question. The sooner the better before they list the property with an agent.
Good luck,
0 votes Share Flag Sun Aug 18, 2013 Foreclosure in 95404
Steve Ornell…, Real Estate Pro in Fremont, CA
Steve Ornellas answered:
what is a trustee sale?
Hi vickiobanion,

Whether you are personally facing foreclosure, or a friend is, you need accurate and complete information and a central location to return with any follow-on questio ... more
0 votes Share Flag Sat Nov 17, 2012 Foreclosure in 95404
Steve Ornell…, Real Estate Pro in Fremont, CA
Steve Ornellas answered:
Came home to a posted letter stating that the house we are renting is going up for auction on 5/22/2012 What do we do from here?
Unhappyrightnow:

As a Renter you should be aware of the following informational sources/links:

CA's "Protecting Tenants at Foreclosure Act" - need to know info!
http://www.trulia ... more
0 votes Share Flag Thu Apr 19, 2012 Foreclosure in 95404
Heather Paul, Real Estate Pro in Santa Monica, CA
Heather Paul answered:
I have recently started a small cleaning business called Caros' Cleanup in Santa Rosa, CA. How can i get into foreclosure cleanouts?
Create a flyer and drop it off at all the local real estate offices, email the Reo Agents in the area and let them know you are available-try offering them a discount to try your servic ... more
0 votes Share Flag Mon Dec 26, 2011 Foreclosure in Santa Rosa
Alias8, Other/Just Looking in California
Alias8 answered:
Is Green Credit Solutions a scam? I have worked with Green Credit Solutions. I am a real estate broker and I
Rob Hinds, youve got to be kidding me!!! You got scammed, by Nigerians of all things. Damn youre an idiot. Anyway, Curt And Chris of Green Credit are in jail as of today.

http://g ... more
0 votes Share Flag Tue Dec 6, 2011 Foreclosure in 95404
Terry Bell, Real Estate Pro in Santa Rosa, CA
Terry Bell answered:
The house I am renting was auctioned today....
You might consider looking into the Mobile Home market. There are many deals in Mobile Home Parks in the area and you would have the security of home ownership! Drop me an email for m ... more
0 votes Share Flag Mon Nov 7, 2011 Foreclosure in 95404
Terry Bell, Real Estate Pro in Santa Rosa, CA
Terry Bell answered:
The house I am renting is going up for auction- the landlord claims it is a mistake. How can I find out if the auction is happening?
Well, I wouldn't leave until you find out for sure whether the owner is negotiating for a short sale, because if he is, you may be eligible for $3K incentive to move, which will at ... more
0 votes Share Flag Mon Oct 31, 2011 Foreclosure in 95404
Scott Sheldon, Real Estate Pro in Petaluma, CA
Scott Sheldon answered:
What percentage price reductions have you seen in Sonona CoREOs and how quickly are banks getting back to you?
I am doing loans for folks but I am seeing upwards of 6% seller concessions!

Lets chat more...

707 217 4000 Scott
0 votes Share Flag Wed Sep 29, 2010 Foreclosure in 95404
Eric M Burge…, Real Estate Pro in San Diego County, CA
Eric M Burgess answered:
ok im in need of some serious advice!!! so this is what happened.we got a letter saying that the property we rent has ben forclose , so i contacted
Kim,
Tough situation - several things can be done. The answers below offer great advice - contacting an attorney should be something you do immediately. Second, are you in a lease fo ... more
0 votes Share Flag Wed Jun 16, 2010 Foreclosure in Santa Rosa
Arlee Geary, Real Estate Pro in Santa Rosa, CA
Arlee Geary answered:
difernce in condo , pud , hoa? is lincoln manor condo or townhouse? FHA aproved? thanks
In a condo, you just own the interior of the home. With a PUD, you own the land under the unit and the exterior. In many PUD's the owner is responsible for maintaining the roof and ... more
0 votes Share Flag Sat May 8, 2010 Foreclosure in 95401
Jerry, Both Buyer and Seller in Los Angeles, CA
Jerry answered:
I'm looking for information about a company called Green Credit Solutions.
Participants in Green Credit various companies are also involved in many other entities. Reo Profits, Accredit, First Secured Investors. The list goes on and on. If you are an investor ... more
0 votes Share Flag Thu Apr 29, 2010 Foreclosure in 95404
Matthew A. B…, Real Estate Pro in Glendora, CA
Matthew A. Bartlett answered:
HI,I BOUGHT A FORECLOSURE HOUSE IN OAKLAND CA.RENTERS HAVE BEEN LIVING THERE FOR ALMOST A YEAR WITHOUT PAYING RENT.I WILL BE LIVING IN HOME.BANK
Hi Pilarrosales,

I recommend that you speak with an Attorney who specilizes in Real Estate Law. Good luck!

Matt
0 votes Share Flag Tue Feb 23, 2010 Foreclosure in Santa Rosa
Mike Kelly &…, Real Estate Pro in Santa Rosa, CA
Mike Kelly & Allison Norman answered:
Regarding Foreclosures: I believe their is a new law protecting bona fide tenants left remaining on REO or bank owned property.
Victoria, robert is correct, as the amended law, for any Federal related loan (and that's just about anyone!) needs to give 90 days notice. However, we who do REO's offer quic ... more
0 votes Share Flag Wed Sep 23, 2009 Foreclosure in Santa Rosa
tomeason, Other/Just Looking in
tomeason answered:
I have been served with a notice my landlords house has been foreclosed on and sold at an auction. How long do I have to vacate? The date of the cash
Per a federal law passed in late May 2009, post foreclosure tenants have at least 90 days. Furthermore, the new owner must honor a lease of up to one year, unless the new owner plans o ... more
0 votes Share Flag Sat Sep 19, 2009 Foreclosure in Santa Rosa
Kenneth Schr…, Real Estate Pro in Sonoma County, CA
Kenneth Schrier answered:
How do we find the procedure to put a bid on a house the is an REO>.?
Good Morning,

Putting in an offer on an REO (Bank owned home) is no different than submitting an offer to a private seller. The biggest difference between the two is that REOs do not ... more
0 votes Share Flag Tue Sep 8, 2009 Foreclosure in Santa Rosa
Mike Kelly &…, Real Estate Pro in Santa Rosa, CA
Mike Kelly & Allison Norman answered:
When a property becomes REO, how long do the original owners have until they are asked to leave?
I just completed a "cash for keys" with homeowners who lost their home to foreclosure. We don't know how LONG the sellers were in posession without making payments but the time from th ... more
0 votes Share Flag Mon Aug 3, 2009 Foreclosure in Santa Rosa
Karen Shrock…, Real Estate Pro in Irving, TX
Karen Shrock-Jones answered:
If I provided a service doing condition reports, taking photos, and doing minor clean-up at newly foreclosed..
The previous responders have pretty much said it all. The only foreclosed homes for which I have seen property condition reports are HUD foreclosures. The condition report is used in p ... more
0 votes Share Flag Mon Jul 27, 2009 Foreclosure in Santa Rosa
Steve, Other/Just Looking in Rohnert Park, CA
Steve answered:
Is anybody in the Santa Rosa area getting a loan modification based on current appraisal?
Interesting article from a Fed study on why foreclosures keep occurring:
http://seekingalpha.com/article/147604-boston-fed-we-don-t-understand-foreclosures

Basic points seem to be:
... more
0 votes Share Flag Wed Jul 8, 2009 Foreclosure in Santa Rosa
Lynn Bowen, Real Estate Pro in Sebastopol, CA
Lynn Bowen answered:
Why isn't countrywide foreclosing?
Donna, I feel your frustration. You are probably feeling like the bank is pouring salt straight on your wounds by not starting the foreclosure action. Limboland never feels good. ... more
0 votes Share Flag Tue Apr 21, 2009 Foreclosure in Santa Rosa
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