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Foreclosure in Daly City : Real Estate Advice

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  • Local Info6
  • Home Buying34
  • Home Selling5
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Activity 9
Wed Jun 11, 2014
rhiangeles asked:
Mon Jun 4, 2012
p dwyer answered:
Michelle, It would be my pleasure to help you out. Please call my office lie 650 4031275 and I will call you back asap or after my open house today.
Patty Dwyer
0 votes 7 answers Share Flag
Tue Feb 7, 2012
Walter 'Skip' Kersten answered:
Hi Manda,
Please review the bank addendum you signed when your offer was accepted. It will lay out what the bank is liable for if they cannot deliver title.
Good luck,
0 votes 1 answer Share Flag
Sun Jan 1, 2012
The Medford Team answered:
As stated below, you are being offered Cash-For-Keys. Steve’s blog is a great resource in determining all your options and rights – however, the bank is asking you to forego those rights in lieu of a cash settlement. As suggested, you can try to negotiate for more, but, typically, cash for keys is just that – cash for you to leave in the specified period of time. If you choose NOT to leave as per the agreement, then no cash.
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0 votes 6 answers Share Flag
Wed Sep 7, 2011
Steven Ornellas answered:

Please review the following to be aware of tenant protection laws regarding your situation:

CA's "Protecting Tenants at Foreclosure Act" - need to know info!

You might also want to review

Best, Steve
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0 votes 5 answers Share Flag
Fri Aug 5, 2011
Rachel Dammann answered:
If you have a valid rental agreement, I believe you have some rights if it does go into foreclosure. I would call the bank and see what they say. I would also present your question to them and see if they are willing to work out a deal with you. Foreclosing on a property costs the banks thousands of dollars and banks are getting more personable these days trying to prevent foreclosure. As long as you sister is on the deed, she would need to cooperate, but once the foreclosure has been processed, its up to the bank.
Good Luck!
Rachel Dammann
Cherry Creek Properties, LLC
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0 votes 3 answers Share Flag
Sat Jul 24, 2010
Keith Manson- Metro Milwaukee Wisconsin answered:
You can not purchase a home now. You will have to wait for some time. As the underwriting guidelines change the ability to purchase a home when you where foreclosed on may change. The typical time frame today is 5 years from the foreclosure.

The best thing is to plan what you want in the future and start improving your credit and saving a down payment. Also reduce other debts to make your total expenses as low as possible. The key is to manage your income and expenses to ensure you can afford your home in a changing world

Good Luck

Keith Manson
First Weber Group
Certified Distressed Property Expert
Metro Milwaukee
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0 votes 8 answers Share Flag
Wed Apr 21, 2010
Pacita Dimacali answered:
If it's already been foreclosed, and right before it was foreclosed, you should have received a notice posted on the front door.

You will also receive a notice to vacate.

Depending on the foreclosing bank -- some of them may allow you to stay for a period of time while they prepare the paperwork to have it listed for sale by a realtor.

Since you are no longer the owners, the rightful owner, the bank, has the law on their side to evict you. Even if you hire a lawyer, that lawyer may give you some advice but the final outcome may still lead to your needing to vacate or be forcibly evicted.

If you had tried to sell through a short sale, you may have had more time to prepare for your next living arrangements, and also made sure your credit isn't damaged as severely by a foreclosure.

Sorry you lost your home...but it's time for you to move on.
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0 votes 3 answers Share Flag
Wed Mar 11, 2009
David Tapper answered:
Call PJ Rielly, he is very dependable. PJ's number is 415-317-3731. He is a contractor who has built homes from scratch. You can visit my web site and take a look at his work. He built the home in Brisbane.


Dave Tapper
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0 votes 1 answer Share Flag
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