Foreclosure in 91401 : Questions & Answers

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Andrew Watki…, Real Estate Pro in Los Angeles County, CA
Andrew Watkins answered:
Two of us were asked to house sit a property as the owner had found a new one and was moving on. His property was supposedly in a short sale and they
Do you have a lease? If not, then make one up ASAP. If its 1-year or longer, you can stay for the full term of the lease. If its month-to-month, then you get 90days minimum. Bank doesnt ... more
0 votes Share Flag Tue Nov 27, 2012 Foreclosure in 91405
Jason Moon, Real Estate Pro in Saint John, IN
Jason Moon answered:
Would a listing agent stand to lose if a buyer's agent is involved?
Not at all...in my state of IN the listing agent still gets compensated, and Im sure the listing agent would have loved to have you as his/her buyer as well but this happens more freque ... more
0 votes Share Flag Sun Jan 1, 2012 Foreclosure in 91401
Paul Rinde, Real Estate Pro in Menifee, CA
Paul Rinde answered:
How long do banks usually take to accept or counter an offer on a foreclosure?
Aproximately 1 to 10 business days has been my experience. If you have made an offer, you can request your Realtor to follow up with the listing agent in a few days to check on it for y ... more
0 votes Share Flag Thu Dec 29, 2011 Foreclosure in 91401
Neil Singerm…, Real Estate Pro in 90049
Neil Singerman 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?
Lga658,

Yes since Agent you hire is not representing the seller they are on your side.You will be in better place to negotiate the price and terms since you have your own agent. Thi ... more
0 votes Share Flag Thu May 31, 2012 Foreclosure in 91401
Prudential C…, Real Estate Pro in California
Prudential California Realty 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?
The best thing to do in your case is find a local Realor who is familiar with Short Sales to assist you. They are knowlegable in how to communicate with the Banks as well as the necessa ... more
0 votes Share Flag Sat Sep 22, 2012 Foreclosure in 91401
Richard Schu…, Real Estate Pro in Los Angeles, CA
Richard Schulman answered:
I have an 80/20.1st w/Chase for $423,200.2nd w/Franklin Credit for $95,273.My home is worth $300,000.Loans are fixed for 5 more years.Any suggestions?
This is a tough situation. If you want to stay, keep making your payments and stay in the house. Keep in mind that your payments far exceed the rental value of the property...probably ... more
0 votes Share Flag Mon Jul 23, 2012 Foreclosure in Van Nuys
Voices Member,  in
Voices Member answered:
Would a bank discount a foreclosed house below the asking price? Even for a cash purchase Deal?
Dear Bryan:

The best offer is one which is substantiated by the facts of the current market conditions. My advice is to have your real estate professional run the "comps" (homes that ... more
0 votes Share Flag Sun May 22, 2011 Foreclosure in Van Nuys
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