Foreclosure in Salinas : Questions & Answers

change location

cancel or

Q&A

11
Steve Ornell…, Real Estate Pro in Fremont, CA
Steve Ornellas answered:
Owners not paying mortgage, can I get out of our lease?
neyney:

Your lease obligation between you and your Landlord is still valid, the fact they may not be paying their mortgage does not release from your contractual obligation. Also, yo ... more
0 votes Share Flag Tue Jul 3, 2012 Foreclosure in 93901
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
I own 4 homes in 2 different states one of my homes is in forclosure. How will that impact my other properties after the home is forclosed on?
The bank that foreclsoes can always go after a judgement in on teh other home sif there is a balance owed after foreclsoure, you should ask your attorney how you can protect your other ... more
0 votes Share Flag Sun May 22, 2011 Foreclosure in Salinas
Patrick Thies…, Real Estate Pro in Elmhurst, IL
Patrick Thies SFR, CNC answered:
how can i get a house at this price?
What price are you trying to get?

List price?

Below list price?

Above list price?

What are you looking at?

A regular listing?

A short sale listing?

A bank owned lis ... more
0 votes Share Flag Wed Mar 3, 2010 Foreclosure in Salinas
Kerry Harvell, Real Estate Pro in Monterey, CA
Kerry Harvell answered:
If we are forced to walk away from our property, is there a way we can stay current with our property taxes
Sure, you can just pay your tax bill.

What would be your incentive to do so? The bank will clear all tax liens against the property in escrow.

The better option is to keep current ... more
0 votes Share Flag Thu Nov 19, 2009 Foreclosure in Salinas
Blaison Samu…, Real Estate Pro in Fremont, CA
Blaison Samuel answered:
Will I pay taxes on my foreclosed property in California?
No! Once it's foreclosed then you are not the owner so bank will clear all the back taxes before selling as REO or at close of escrow.
0 votes Share Flag Sat Jun 27, 2009 Foreclosure in Salinas
Kerry Harvell, Real Estate Pro in Monterey, CA
Kerry Harvell answered:
I own a condo and have kept it as an investment property for three years and lived in for a year. Since its
Sunny, I'm sorry I didn't notice your question back in November. This may be too late for you, but others can benefit from this information.

When someone asks me to do a short sale f ... more
0 votes Share Flag Wed Oct 21, 2009 Foreclosure in Salinas
Michelle Car…, Real Estate Pro in Cupertino, CA
Michelle Carr-Crowe answered:
Its hard to negotiate with banks ,almos imposible.
Check out Hope for Homeowners, a Federal govt program designed to help people like you. See the link below.

Here is a brief synopsis:

Homeowners, contact your existing lender and/ ... more
0 votes Share Flag Sat Oct 4, 2008 Foreclosure in Salinas
Robbeaux, Real Estate Pro in Lafayette, LA
Robbeaux answered:
Is any body out there who can give me any references about youwalkaway.com. are they any good?
alnz
for a charge of nearly $3000.00 I would say runaway.

There are many organizations that can help with loan modifcation for free. The 3000.00 would be better off going towards yo ... more
0 votes Share Flag Sat Oct 4, 2008 Foreclosure in Salinas
Luis Cano, Real Estate Pro in Monterey, CA
Luis Cano answered:
If I'm not making mortgage payments any more, are the property taxes still my responsibility?
Hi Alnz29, That is right as long as you are the Owner of Record, you will get the tax bill.
always consult with a Real Estate Lawyer and your CPA.

Best Regards,

Luis
0 votes Share Flag Tue Sep 30, 2008 Foreclosure in Salinas, CA
J R, Real Estate Pro in New York, NY
J R answered:
not making home payments is the same as foreclosure?and how long before the bank ask me to move out?
In case anyone is wondering why our economy is where it is right now. I don't know what to say.
0 votes Share Flag Sun Sep 28, 2008 Foreclosure in Salinas, CA
Pam Winterba…, Real Estate Pro in San Ramon, CA
Pam Winterbauer answered:
How does foreclosure affect your credit?, and how long does it stay on your credit?
Jessica.....

You could loose 150-200 points off your credit score and it will be on your credit report for 5 - 7 years. I would confirm this with a local mortgage brokier. Good luc ... more
0 votes Share Flag Sun Feb 17, 2008 Foreclosure in Salinas, CA
Search Advice

Followers

332
Email me when…

Learn more

Meet the Trulia VIPs
Elva Wormley, Mortgage Broker<br/>or Lender in San Jose, CA
Elva Wormley
Mortgage Broker
or Lender

San Jose, CA
Juliette Goetz-Vesely, Agent in Santa Cruz, CA
Juliette Goetz-Vesely
Agent
Santa Cruz, CA
Home > Q&A > California > Monterey County > Salinas > Foreclosure in Salinas
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer