This is an excellent question, Jr. As long as you make the FULL PAYMENTS on time, it doesn't matter who is on the loan. An acceleration clause in the loan contract "may" state that the loan is due and payable upon death -- but we rarely hear about cases where the lender enforces it -- they just want to collect the contract payments/interest. Sometimes, properties in CA are transferred "subject to" the existing mortgage(s). So, READ your contract first and consult withan attorney to be sure what your specific obligation(s) will be. I hope this helps. And, good luck!... more
When you are in default on your mortgage, a Notice of Lis Pendens is usually filed by the bank or mortgage lender that is holding your mortgage. The Notice is filed in the county court in which your home is located and is the start of the foreclosure process.
Once started, nothing will stop the foreclosure process. There are actions that can be taken that can temporarily suspend the process such as bankruptcy. In addition, you can market your home for sale and hope to sell it before sheriff's sale.
You should speak with your attorney to see what actions are available and that you can take to slow up the foreclosure process.... more
Hi Manny ~ The best advice anyone can give you is to seek legal advice from a local CA licensed attorney. Give Carolyn Phillips a call, as she is right here in Westlake Village: http://www.carolynphillipslaw.com/ Good luck with this!... more
Disclaimer: I am not an appraiser. Having said that.. Appraised value is different from a "Selling" value. It is also tough to give you a solid valuation without physically seeing the property but here's a ROUGH estimate..
Title Comps (Sold Listings) -- Average ($185k-$235k)
MLS Comps (Sold Listings) -- Same Comps are showing
Depending on the condition of your property and your objective (Refi or Sale), I'd say you are in the low $200,000 range. If you want further information, contact me for a free consultation.... more
I am with Coldwell Banker and use AHS American Home Shield. If you call just ask for Carrie at 800 735-4663 she would be happy to answer your questions.
Susan Bo'ur Realtor Santa Monica
(310) 586-0303... more
Here's an EZ to read widget to determine how much your payments would be: http://www.findthousandoakshomes.com/calculators.aspx You will want to eventually sit down with a mortgage professional to determine which options make the most sense for your particular current and future scenario. The market has generally stabilized, but some say we may be in for a double-dip in home prices by the end of the year. Plan on first researching the various neighborhoods extensively to see which one(s) are the most appealing. You can begin that process here: http://www.topmarketer.net/CSR/CSReport.aspx?65WTG4PRLV8S# Good luck on your exciting journey!... more
You are out of our area but both myself and our clients have had a tremendous amount of luck finding quality contractors on yelp.com. I would check any referrals you get there before hiring them.... more
You can obtain a market analysis of you home from a local Realtor. This market analysis will be based on recent sales in your neighborhood. In most if not all cases, the analysis is free for the asking; but you may want to also consider hiring a local certified appraiser at a fee.... more
Send me an email with the exact ADDRESS of the property, and I will look it for you right now on ForeclosureRadar.com ... We subscribe to this service. Did you have an arrangement for the trustee sale to be postponed?... more
Moorpark and thousand oaks are adjacent to each other. 5 -10 mins at the most with several different routes
moorpark can go from rural horse properties to tracts to housing around the college. If you like large spaces check out somis as well. There is also santa rosa valley which is spectacular...equestrian,orchards,lavendar farm and a great community
let me know if you need more info
mary albee... more