Foreclosure in 90045 : Questions & Answers

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Richard Schu…, Real Estate Pro in Los Angeles, CA
Richard Schulman answered:
What can we do if we are renting a house that is in default and the plumbing just went out the landlord refuses to fix it?
You'll need to contact an attorney or the city. The city may provide legal advice to you. If you are paying rent, you may be able to withhold rent to make the needed repairs. An ... more
0 votes Share Flag Sat Mar 1, 2014 Foreclosure in Reseda
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
If I can buy fully negotiated short sales directly from the agent/broker that represents the lender at 80% of BPO, is this a good flip opportunity?
Your plan is well thought out, the only problem i see is a short sale is never approved until there is a buyer and an offer in writing, the bank will not order their bpo or appraisal un ... more
0 votes Share Flag Mon Jul 12, 2010 Foreclosure in Los Angeles
Thom Colby 8…, Real Estate Pro in Newport Beach, CA
Thom Colby 888-391-5245 answered:
The short sale home I tracked for 6 months fell through escrow. The seller decided to let the home go into foreclosure. Now i'm going to the
Kurling,

When you go to the auction, you can bid on the property. You will be bidding against other people who want it as well as against the bank who holds the 1st mortgage on it. ... more
0 votes Share Flag Tue Sep 7, 2010 Foreclosure in Los Angeles
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
how long does a short sale goes? I heard it takes too long and the process to buy on short sale is too rigorous, is that correct?
Short sales are by no means fast sales, unless already approved by the lender, therefore much patience is needed. As to the lenght time, it varies from lender to lender as some are quic ... more
0 votes Share Flag Mon Apr 8, 2013 Foreclosure in 90024
Diane Wheatl…, Real Estate Pro in Rancho Cucamonga, CA
Diane Wheatley, Broker answered:
How can I be sure that a trustee auction sale on my home has been cancelled?
Dear Hp - Sign up for this website and input your trustee sale number to see the status of your sale. There are other sites like this if you don't find what you are looking for he ... more
0 votes Share Flag Tue Jul 6, 2010 Foreclosure in Los Angeles
Dawn O'neal, Real Estate Pro in San Jose, CA
Dawn O'neal answered:
Is there a way to determine if Bank of America is the lending institution on a short sale when you have the mls?
Not really. The listing agent will have that information from the seller but unless they put the information into the MLS comments, it is not readily publicized.

You can go down to ... more
0 votes Share Flag Tue Nov 9, 2010 Foreclosure in 90015
Richard Schu…, Real Estate Pro in Los Angeles, CA
Richard Schulman answered:
I am in escrow on a foreclosure in L.A. The property had a city lien on it. I am40 days into escrow and I have still not been able to inspect
Are you working with an agent? If so, your agent knows the details and intricacies of this particular transaction better than any of us do, and you should consult with them. They may ... more
0 votes Share Flag Tue Aug 10, 2010 Foreclosure in 90019
Richard Schu…, Real Estate Pro in Los Angeles, CA
Richard Schulman answered:
I would like to get a phone number to inquire about a house in Reseda, Thank you.
Which is the house you are interested in?
I work with a lot of buyers in the Reseda area. I am familiar with the real estate market there and can help you find a great house. Pleas ... more
0 votes Share Flag Thu May 27, 2010 Foreclosure in Los Angeles
Deborah Brem…, Real Estate Pro in 90049
Deborah Bremner answered:
I am looking for a realtor actively working in Los Angeles near USC campus. Please contact me via: realty_tan@comcast.net or 408.323.3117.Thank you.
Contacted via email.

Deborah Bremner
REALTOR, 00588885
(D) 818.564.6591
TheBremnerGroup@gmail.com
Blogging at: http://TheBremnerGroup.com/blog
0 votes Share Flag Tue May 25, 2010 Foreclosure in Los Angeles
Teddy Jagess…, Real Estate Pro in Wellington, FL
Teddy Jagessar answered:
I have literally been waiting for a short sale house for over 13 months now. Is that too long?
Have your short sale negotiator send the appraisal to the seller's lender certainly in 13 months the price you offered has changed most likely downward depending on where in the co ... more
0 votes Share Flag Tue Jun 1, 2010 Foreclosure in Los Angeles
Emelia Sanch…, Real Estate Pro in Ontario, CA
Emelia Sanchez answered:
What's wrong or illegal about this offer?
Homeowners are warned about transferring the title of the home because it does not change their payment obligation-they will still have their mortgage debt. You claim you will lease it ... more
0 votes Share Flag Mon May 24, 2010 Foreclosure in Beverlywood
Myrna Averia, Real Estate Pro in Los Angeles, CA
Myrna Averia answered:
I am trying to buy Bank of America Short Sale property. I made an offer and got the counter offer from the negotiator. I accepted all terms to the
I am currently representing a seller on a short sale transaction with Bank of America. I hired an outside short sale negotiator who got me a verbal approval within 4 weeks, and receive ... more
0 votes Share Flag Wed Jul 21, 2010 Foreclosure in Los Angeles
Anthony R, Both Buyer and Seller in New Jersey
Anthony R answered:
We made an offer on a short sale through bank of America. It was "supposedly" approved/accepted on April 7th---We demanded something in
A short sale is not approved until you have an actual approval letter stating all of the instructions that must be followed for them to accept it at closing. The letter will also have t ... more
0 votes Share Flag Fri Jun 18, 2010 Foreclosure in Los Angeles
Dan Chase, Home Buyer in Texas City, TX
Dan Chase answered:
I am extremely interested in purchasing this house. Could you give me more information like which bank owns this house?mblerma@yahoo.com
It would help if you gave an address or MLS#.

If instead you are looking at a realtytrack foreclosure listing forget it. Those are bogus. They are really switch and bait fraudulent ... more
0 votes Share Flag Thu Apr 29, 2010 Foreclosure in Eagle Rock
Wanda Bond, Real Estate Pro in Fort Lee, VA
Wanda Bond answered:
My agent told us that effective 4/6/10, Obama has a new law for short sales. It states that banks have 10 days to respond to buyers. Is this true?
Under the newly-implemented Home Affordable Foreclosure Alternatives Program (HAFA), the borrower/Realtor --owner of the property to be sold -- must convey a request for Approval of Sho ... more
0 votes Share Flag Thu Apr 15, 2010 Foreclosure in Los Angeles
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
Tenant Occupied Foreclosure
Confer with an attorney this is a legal matter.

However once the property closes they could be consider trespassing you IN MOST instances whatever is left on property day of closin ... more
0 votes Share Flag Wed Aug 14, 2013 Foreclosure in Los Angeles
Mary Kay You…, Real Estate Pro in Monroe, LA
Mary Kay Young answered:
Why would a home be listed for sale for $5000-20000 ??? regardless of location. Existing liens or just typos???
Sometimes an MLS will list a home that is actually for lease. Those may be monthly rates. However, there are many cities that DO have homes in some areas that sell for prices like those ... more
0 votes Share Flag Mon Apr 19, 2010 Foreclosure in Eagle Rock
Keith Manson-…, Real Estate Pro in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
What are the owner's options if their pre-foreclosure home doesn't short sell?
The owner either has to complete a modification, payoff the loan, reinstate the loan, transfer the deed to the lender through a deed in lieu of foreclosure or sell the property (either ... more
0 votes Share Flag Sat Mar 27, 2010 Foreclosure in Los Angeles
Ted Canto -…, Real Estate Pro in Los Angeles County, CA
Ted Canto - The Mobile Mortgage Pro answered:
I had a contract on a house that was in a "short sale" process, the bank foreclosed on the property, how can I make the bank an offer to on
I believe you will have to wait until it goes back on the market. However, you can contact the listing agent and find out any info that you can. Not too sure if they will know but it ... more
0 votes Share Flag Mon Mar 8, 2010 Foreclosure in 90045
Richard Schu…, Real Estate Pro in Los Angeles, CA
Richard Schulman answered:
I saw you just owned a property which is located in 2558 lombardy blvd, in los angeles. I want to buy this property, Can I submit the offer to you?
Hello,
This was listed for a few months and the listing was just cancelled on 2/5/10. Therefore, no offers can be submitted. This was a short sale. It is possible it will be going ... more
0 votes Share Flag Tue Feb 23, 2010 Foreclosure in Los Angeles
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