Foreclosure in Southern Oaks : Questions & Answers

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Grace Morioka, Real Estate Pro in Sunnyvale, CA
Grace Morioka answered:
If a lender accepts a short sale, is the individual borrower laible for the deficiency?
Hello Pen:

Short answer, if you, as the seller, sign a promissory note to pay for the deficiency, then, yes, you are liable for the amount. If the condition of short sale approval i ... more
0 votes Share Flag Tue Apr 13, 2010 Foreclosure in Southern Oaks
Mike, Real Estate Pro in Miranda, SD
Mike answered:
What's the value in purchasing tax liens on property? How does one make a profit doing this?
There are companies that do not need a large dollar figure to purchase bulk tax liens on your behalf. Try Nationwide Tax Liens the website is www.nationwidetaxliens.com. I believe the m ... more
0 votes Share Flag Fri Dec 19, 2008 Foreclosure in Southern Oaks
Mysteryvxn, Other/Just Looking in Orange County, CA
Mysteryvxn answered:
My house foreclosed in July '08. I just received a collection notice in the mail and am now receiving calls
Hi Nancy,

Please click on my profile and you will find more info on this from another thread I started. Good luck.
0 votes Share Flag Wed Dec 10, 2008 Foreclosure in Southern Oaks
Monique Rami…, Real Estate Pro in Murrieta Hot Springs,...
Monique Ramirez answered:
In a short pay in California, is the homeowner liable on income taxes for the difference between the loan
The amount owed is called a Deficiency. There are several ways a lien holder will handle the defiency amount, all which you should be aware of prior to agreeing to do a Short Sale.
... more
0 votes Share Flag Thu Sep 25, 2008 Foreclosure in Southern Oaks
Cindy Vedder, Real Estate Pro in Riverside County, CA
Cindy Vedder answered:
What's the value in purchasing tax liens on property? How does one make a profit doing this?
One of the best resources I've found for 'Factual" tax lien information. Visit : http://en.wikipedia.org/wiki/Tax_lien
Copy and Paste. Good Luck. Cindy Vedder
0 votes Share Flag Thu May 1, 2008 Foreclosure in Southern Oaks
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