Foreclosure in Los Angeles County : Questions & Answers

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Sara Mehrpou…, Real Estate Pro in 91403
Sara Mehrpouyan answered:
What's gonna happen next?and how long is the processing for a foreclosure?
Hi Kylie,

It sounds like you submitted an offer on a foreclosure property? If it is bank owned, then the seller will open escrow and you will need to give your deposit to escrow comp ... more
0 votes Share Flag Fri Jun 15, 2012 Foreclosure in 90604
Deborah Brem…, Real Estate Pro in Los Angeles, CA
Deborah Bremner answered:
Hello I am interested in buying property here. I have enough cash to buy what I want but no credit. I don't know where to start please help!
Happy to talk at your convenience, Anthony.
Deborah Bremner
The Bremner Group at Coldwell Banker
REALTOR, 00588885, ABR, CDPE, eAgent, CSP, SFR, HRC, CRE
(O) 310-571-1364 DIR ... more
0 votes Share Flag Mon Apr 8, 2013 Foreclosure in 90024
Byron Lohman, Real Estate Pro in Palm Springs, CA
Byron Lohman answered:
Pre-foreclosure, Foreclosed vs REOs......
I see these questions on Trulia all the time. All of the sale types you mention as well as regular sales are usually represented by Real Estate agents and posted in the MLS. A good buy ... more
0 votes Share Flag Fri Jun 15, 2012 Foreclosure in Los Angeles
Clint Lohr, Real Estate Pro in Los Angeles, CA
Clint Lohr answered:
Is there an agent well informed on the areas of Los Felix, Hollywood Hills, Pasadena areas that would be willing to find a rental home soon?
Yes. How much per month do you wish to pay, and how many bedrooms and baths do you need? Are you willing to sign a year lease?
0 votes Share Flag Sun Jun 3, 2012 Foreclosure in Hollywood Hills
Steve Ornell…, Real Estate Pro in Fremont, CA
Steve Ornellas answered:
average time frame of home to forclose and to be asked to leave

As far as 2012, here's the monthly stats in days:

Jan: 405
Feb: 469
Mar: 181
Apr: 403

0 votes Share Flag Fri Jun 8, 2012 Foreclosure in 91387
DJ Bonner, Real Estate Pro in Long Beach, CA
DJ Bonner answered:
What does it mean when a foreclosed property's status is "revert to beneficiary"? How much time do we have to move or should we move?
Hello Gvc,

Revert to beneficiary just means that the property went back to the bank. This occurs when nobody bids at the sale or the property did not sell for full value/value set by ... more
0 votes Share Flag Mon Jan 6, 2014 Foreclosure in Torrance
Vicky Chrisn…, Real Estate Pro in 20132
Vicky Chrisner answered:
You mean like you're going to buy a gallon of milk? Well, I wouldn't suggest it... But you probably can. Generally, you at least want to have a title check because otherwise how will ... more
0 votes Share Flag Wed Nov 14, 2012 Foreclosure in Sylmar
Edwin Momeny, Real Estate Pro in Valencia, CA
Edwin Momeny answered:
i am looking to buy this house but i need more information on the forclusre auction day for the house how do i go about it ?
Whatever the address, you will not have an opportunity to buy it until it hits the market as a short sale or bank-owned home.

If you give me the address, I will be happy to reach out ... more
0 votes Share Flag Fri May 18, 2012 Foreclosure in Santa Clarita
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
How do I find information about bank real estate auctions?
If you think that Auctions are a good possibility for you,
go to some Auctions, and find out:
You don't have to bid, you can observe.

Understand that some Auctions are held by priv ... more
0 votes Share Flag Thu Jun 7, 2012 Foreclosure in Los Angeles
Tracey Martin,  in Salinas, CA
Tracey Martin answered:
What will happen to a foreclosured vacant lot if it does not sell at auction or on the market?
Hire a Realtor to help you. Have the Realtor contact a title rep. with whom they have a relationship. The title company should be able to get you a title report. The report should give ... more
0 votes Share Flag Tue Apr 24, 2012 Foreclosure in Rancho Palos Verdes
Emily Knell, Real Estate Pro in Huntington Beach, CA
Emily Knell answered:
How should I contact HomePath to buy a condo that was recently foreclosed by Fannie Mae, but they have not yet put it on the market?
They won't talk to you about any offer submission.

The only information you MIGHT MIGHT MIGHT get out of them is a date in which it MIGHT come on the market OR if they can give you a ... more
0 votes Share Flag Tue May 29, 2012 Foreclosure in Cerritos
Lesley Harris, Real Estate Pro in Long Beach, CA
Lesley Harris answered:
What attorneys specialize in co-ops near Long beach california?
Hello Lb100,

Why do you need an attorney? I can help you with the co-ops and condo's and OYO (own your own) Richard Williams is an attorney who works in the Long Beach area. Tell ... more
0 votes Share Flag Thu Apr 12, 2012 Foreclosure in Long Beach
Brent James,  in Long Beach, CA
Brent James answered:
property is worth 60,000.first of 14,000 and own the second for 5,0000. can i foreclose and pay the first and become sole owner?
if you are lien holder second in line and the first is foreclosing you can buy the note and foreclose yourself if they are not paying you either.
0 votes Share Flag Thu Apr 12, 2012 Foreclosure in Long Beach
Emily Knell, Real Estate Pro in Huntington Beach, CA
Emily Knell answered:
I am on title only and my nephew is on title and loan. He has decided to forclose. May I be held responsible for the loan? Will this affect my credit?
That's really stupid to just let it foreclose.

You should seriously having your nephew do a short sale before just letting it go to foreclosure. Letting it go to foreclosure is not ... more
0 votes Share Flag Fri Apr 6, 2012 Foreclosure in Los Angeles
Paris and Co…, Real Estate Pro in Santa Clarita, CA
Paris and Connor MacIvor answered:
Does anyone know why Chase does not put their short sale packages online, so that we could easily and rapidly download them?
LOL, not that this will help, but it is probably for the same Reason Aurora is still FAX only...
0 votes Share Flag Tue Apr 3, 2012 Foreclosure in Los Angeles
Alain Picard, Real Estate Pro in Puyallup, WA
Alain Picard answered:
If a property is in pre-forclosure. How long does it take for the property to get an MLS# assigned to it or for it to be in forclosure status??
If a property is being foreclosed on it could take quite some time before it is listed for sale. If the current owners who are being foreclosed on decide to try to sell before the aucti ... more
0 votes Share Flag Fri Apr 13, 2012 Foreclosure in Los Angeles
Richard Schu…, Real Estate Pro in Los Angeles, CA
Richard Schulman answered:
Hi, Interested in buying small condo for investment purposes. I am looking for agent recommendations. (Foreclosure interest)
Hi Ash,

I would be happy to help you out with this. I work with a large number of investors, and especially recommend condos as an investment. I have helped many investors with this ... more
0 votes Share Flag Tue Sep 4, 2012 Foreclosure in Pasadena
DJ Bonner, Real Estate Pro in Long Beach, CA
DJ Bonner answered:
Is it safe to bid on a condo auction where the previous owner is still living? How to bid safely? Will it be hard to evacuate him? Thanks
It all depends on the current owner and if they are willing to leave. If not it will be a process or you can offer them cash for keys. Also be sure to check title and HOA.
Best of Luck ... more
0 votes Share Flag Thu Apr 5, 2012 Foreclosure in Cerritos
Pebble Singha, Real Estate Pro in Woodland Hills, CA
Pebble Singha answered:
Looking for an agent that knows the short sale process and also has worked with an investor before?
H Miguel,
My name is Pebble Singha and I am the Head of Short Sale division at KW Encino. I work with many buyer clients who have interest in a short sale only. It is a very complicate ... more
0 votes Share Flag Tue Aug 14, 2012 Foreclosure in Los Angeles
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