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Foreclosure in Downey : Real Estate Advice

  • All95
  • Local Info12
  • Home Buying20
  • Home Selling2
  • Market Conditions3

Activity 5
Tue Aug 10, 2010
Benny Chavez answered:
Wow! Your question is complex in the fact that the answer all depends on the condition of the property. Also the full details of those other offers come in to play as well. Details meaning what requests if any are being made of the seller for example: termite report and completion, water heater strapping and smoke detector installation, or city presale inspection and completion of requested items. Also how much skin are those offers willing to put in the game as a $$$ deposit? Two other important items that could affect the offers are loan contingency and appraisal contingency time periods if any. If all the offers are FHA and the property requires a ton of lender required repairs and the buyers have not agreed to perform those repairs in their offers, it's possible that the cash offer would win. Again property condition is the first determining factor of what offer will be accepted. To make it simpler the highest seller neting $$$ offer with the least amount of requests and easy buyer outs, with shortest guarateed time in escrow is 9 out of 10 always going to win! Hope this helps! ... more
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Tue Mar 2, 2010
Deegee answered:
Wed Feb 24, 2010
Lisa Bolanos JD answered:
Peter Rustin--not related--an expert in real estate law. He works with the firm Manning and Marder in Los Angeles. I don't have the number handy.
0 votes 4 answers Share Flag
Sun Jan 24, 2010
Christian Y answered:
Mey, your question is not clear. Are you asking a question or replying to somebody? thank you. I will try to help you.
0 votes 1 answer Share Flag
Mon Jun 8, 2009
Rebecca Chambliss answered:
Have you tried negotiating with the bank(s) that hold the loan(s)? I would start there if you can afford to keep the house.

If you can not afford to keep the house, then you can hire a Realtor immediately and see if the banks are open to a short sale. Be sure to hire one who is very experienced in short sales.

There are laws that would allow you to get the house back in a certain time frame, but you would either have to be foced out unjustly or able to bring the amount due, current.

Whatever you do, please do it today...seconds count at this point.
... more
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