There are more options then you think. When you can check out my website and look up my contact info. There are investors in our area that will enter into a Lease with Option to Buy contract with you so you can in the next few years actually OWN the home you have been living in. Or yes you can go find another property to rent on a monthly basis if that is what you prefer as there are some advantages to renting. If you really LOVE the home your in your can even use the investor I described above to bid on the home you reside in now and purchase it as a Short Sale which should be a good price point and then start your lease term with the investor who will be your new landlord until your contract is up and you can secure financing. Look forward to talking with you more...... more
Since the property you are renting will probably be sold to a new owner, the new owner might offer a program called cash for keys. In different cases, they offer anywhere between 1000-3000 dollars with the mutual arrangement of certain time for the property to be surrendered to the new owner. In this case, you might have after 90 days from when the property is first sold. You should try to find out who the new owner is and contact him asap to see what options they might have for you. This is a possibility and not a certainty.... more
Public newspapers (like the Sac Bee) generally post once per week what will be on auction that week. Though, you could also work with a Realtor or other professional who has access to the tax records and can view trustee sale dates in a database.
You might also be able to find an accessible database online.... more
Once a Notice of Trustee Sale has been placed, there is a date of Trustee sale on the Notice. Typically the time frame is only a couple of weeks from the time the Notice is placed.
If you would like assistance in possibly postponing the sale let me know and I will sit down and discuss with you your options from short sale to deed in lieu or refer you to a real estate attorney or tax adviser who can properly advise you in the area of bankruptcy or other areas of legal concern you may have.
If have heard a range of figures. A low of &75 for just handing over the check to a flat rate of $400+ for a full range of services. The flat rate amount depends on what is allowable in the contract that is signed by the occupant.
What you are looking to do will not be easy. Every real estate agent wants to be a REO listing agent. You need some good, solid connections with a lender and since the lenders are likely already dealing with someone you are going to have a hard time breaking into that area of the business. Those listing REO in my area have been doing so for years, it's just lots better now for them than it's been in the past.... more
If you did not pay rent to the proper person then I don't see how you can claim that you paid the rent and so you don't have a claim against anyone but the one that scammed you. I always suggest paying by check to help avoid this.... more
In order to best protect yourself and any other assets you may have, for accurate legal information as it relates to your situation, it's always best to consult with an attorney who specializes in real estate.... more
Sorry to hear about your loss. You need to find another place to live ASAP, and you'll need to focus on resolving the issue(s) that lead to you losing this property. Some investors might be willing to work with you.
Please send me some info about that property, and your situation. I'll forward it to some investors I know in that area.... more
Although I have never attended an auction -- I primarily sell short sales -- I hear that a cashier's check is required for the full amount. However, I do know some auction houses give buyers 30 days to come up with the cash and make them pay only an earnest money deposit. None of it is refundable, though. You're buying "as is" and often without inspection.
They take place on the courthouse steps.
Lyon Real Estate... more
Speak with an attorney. Steve Beede at BPE law group has an hour consultation fee for $200 and that should give you the lowdown without a big expense but essentially, there isn't anything that will absolutely turn over a foreclosure. For a foreclosure to have occurred, you had not been paying your mortgage for at least 6 months, but more likely over a year or more. There was plenty of time to dispute the obligation during that time, especially with the lenders participating in the government's HAMP and HAFA programs to help you in retaining ownership.
Unfortunately, you needed to be speaking to your lenders during the process, and not after. But speak to an attorney to see if you have a case that I'm not familiar with. Sorry for your situation.... more
Hi Scott. Attorneys are supposed to do what's best for their clients. Did you ask him why he gave the extensions? If they defaulted, which is par-for-the-course for these thieving banks, then ask him why he didn't just ask for the default judgement against them. Foreclosures are tricky because of the paper trail, who they've been sold to, etc. He might be thinking that if they come back at a later date with an appeal, you'd lose.
Ask him why he gave the extensions. An attorney should act in your best interest, but you don't know the law and why he gave the extensions. Ask him why, flat out. If you don't like his answer, double check with another attorney and/or find a new one.
The attorney works for you, but he may have an excellent reason for giving them the extension.
GOOD LUCK and let us know what happens so everyone can learn from your experience.
Scott Miller, Realty Associates, Boca Raton, FL... more
At this point you need an attorney, your time to question this and to fight it was while it was going on, not afterwards. It will depend on yoru state law if you have the right to appeal any judgements that were already made in a court of law. An attorney who knows you specific state laws can guide you better.... more
I'm not a lawyer but am an investor and find losing my real estate license very severe. Therefore, I have made it a rule to not find out if that's a felony or not. It's an ugly consequence to test it and lose.
If he has a non-owner occupied loan, he may have caused himself trouble.... more
Hello Eric, one approach i would try is going to the REO agents (Real Estate Owned/Foreclosure/Bank Owned). Those are the real estate agents that sell the bank owned properties for the bank. A lot of them already have deals with landscapers but it's not going to hurt to approach them. There's probably a dozen or more agents in the area that have a ton of REO property that needs to be mowed regularly. good luck.... more