Foreclosure in Sherman Oaks : Questions & Answers

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Sharon Halte…, Real Estate Pro in Dallas, TX
Sharon Halterman Crouch answered:
How can a loan be under Primary Borrower without their name on the deed, deed is in spouses Family trust name?
That is a good question and should have been addressed in 2 places:
1. How was the purchaser's name on the contract written?
2. The title company should have had instructions and ... more
0 votes Share Flag Wed May 14, 2014 Foreclosure in Sherman Oaks
Annette Lawr…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence 727.420.4041 answered:
I need some advice. Have a bad buying agent. He's constantly insulting me and making rude comment when we go and see a foreclosure.
Take note.
Placed in the question is the statement 'secured loan amount of $100,000. The subject property to be purchased is $40,000.
-
If a buyer approached you and stated, "I'm qu ... more
0 votes Share Flag Wed Jan 22, 2014 Foreclosure in 91401
Robert McGui…, Real Estate Pro in Denver, CO
Robert McGuire answered:
In the case of a foreclosure how can I find out the amount the bank is owed to help me determine a fair offer that Bank will accept?
Lga658,

You may feel frustrated by the answers below, but they are good answers. The bank is not pick up the balance they are owed. They will be looking for Fair Market Value even if ... more
0 votes Share Flag Sat Sep 22, 2012 Foreclosure in 91401
Blair Thomps…, Real Estate Pro in Los Angeles, CA
Blair Thompson answered:
If i have already found a home I am interested in & requested a showing from listing agent is it worthwhile to still hire a buyer's agent?
It is possible to gain some advantage by using the listing agent. Either in the form of a commission reduction or sometimes if the agent is good you may get a difficult deal closed tha ... more
0 votes Share Flag Thu May 31, 2012 Foreclosure in 91401
Sara Mehrpou…, Real Estate Pro in Woodland Hills, CA
Sara Mehrpouyan CDPE answered:
In the case a short sale pending bank approval how often should buyer's agent be checking in with listing agent/bank?
The buyer's agent can check in about once a week because unfortunately, they have no control over the short sale negotiations with the Seller's lender. They can however, keep ... more
0 votes Share Flag Tue Mar 6, 2012 Foreclosure in 91401
Diane Wheatl…, Real Estate Pro in Rancho Cucamonga, CA
Diane Wheatley, Broker answered:
Would a listing agent stand to lose if a buyer's agent is involved?
Dear Lga,

A property listed for sale will offer a commission to the listing agent if an acceptable offer to purchase results in a successfully closed escrow transaction. The commiss ... more
0 votes Share Flag Sun Jan 1, 2012 Foreclosure in 91401
Grace Mitnick, Real Estate Pro in Sherman Oaks, CA
Grace Mitnick answered:
How long do banks usually take to accept or counter an offer on a foreclosure?
Happy New Year
The banks tend to take longer to respond then a regular sale, can be from 2 days to a week. Other factors are how many offers, how long on the market and how many proper ... more
1 vote Share Flag Thu Dec 29, 2011 Foreclosure in 91401
Ed Beck, Real Estate Pro in Boonton Township, NJ
Ed Beck answered:
I am currently renting a property and have been informed it has just been forclosed on, what can i expect at this time?
How were you informed? Did a representative from the bank or an agent come to you door or did someone post a notice on your door? You will be contacted by a representative and will li ... more
0 votes Share Flag Wed Oct 12, 2011 Foreclosure in Sherman Oaks
HomesbyKaren, Real Estate Pro in Beverly Hills, CA
HomesbyKaren answered:
If a house is in pre foreclosure with two names on the deed and mortgage, can one quit claim and be free from the house and loan?
Quickest way to keep his credit.... bring the loan current. If the second loan is not an equity line he may have a chance at turning things around for the better. This requires a skille ... more
0 votes Share Flag Mon Jun 6, 2011 Foreclosure in Sherman Oaks
Aaron Cohen, Real Estate Pro in Sherman Oaks, CA
Aaron Cohen answered:
how much do trustee sale homes sell for, what percentage on average?
I would have to agree with Tommy above. Each bank has it's own guidlines on what it will take in a Trustee sale. If you are looking at a house that is bank owned, it will depend ... more
0 votes Share Flag Wed Aug 25, 2010 Foreclosure in 91403
Grace Morioka…, Real Estate Pro in Sunnyvale, CA
Grace Morioka (408-426-1616) answered:
How can you keep the final purchase price of a home undisclosed?
Hi Becky and thanks for your question.

Unfortunately, in Caifornia, especially if the home is listed on the MLS, the sales price will be disclosed. Our database websites (available ... more
0 votes Share Flag Wed Jul 29, 2009 Foreclosure in Sherman Oaks
Hannah, Real Estate Pro in Corte Madera, CA
Hannah answered:
From Luxury to Homeless! Who will rent to me in LA after foreclosure?
Dear C

Sorry about your situation. You might try to call property management companies in your area and briefly let them know your credit was compromised from bad real estate invest ... more
0 votes Share Flag Sat Jul 4, 2009 Foreclosure in 91403
Richard M. J…, Real Estate Pro in Sherman Oaks, CA
Richard M. Johnston answered:
How do peole afford property in So Cal?
Hi Jeff,

The problem was people did lie on their home-loans. These loans are also called Liar Loans.
0 votes Share Flag Sun Aug 26, 2007 Foreclosure in Sherman Oaks
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