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Foreclosure in Encino : Real Estate Advice

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  • Local Info7
  • Home Buying20
  • Home Selling5
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Activity 6
Wed Nov 26, 2014
inna ivchenko answered:
If you deal with REO or Short Sale property, do be patient. It can take longer than 3 days for them to get back to you.
Since it was awhile ago, let us know if you got it.

Best in all, Inna. ... more
0 votes 3 answers Share Flag
Fri Oct 4, 2013
Roger Jarnigan answered:
Your question was are there any properties in Foreclosure in ENCION available under $300k. The answer is no.
There is a home that is in need a lot of work and it is offered at $395k.

Are you open to other areas?
... more
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Fri Mar 12, 2010
Hannah Fliegel answered:
Hi Katie,

The question leads me to believe that you are concerned about the credit consequences of defaulting on a mortgage. If this is your concern than this answer is for you.
If you send your lender(s) a Qualified Written Request prior to defaulting on your mortgage then the lender cannot report you late to the credit bureaus. This is in everyone loans docs but there is no money in it so no one seems to bother to share it with home owners. Respa Section 6. QWR.
In any case, you would send in a QWR to the lender and put them on notice and then if you choose to not pay your mortgage, your lender cannot report you late. If they do, it's a monetary fine that the lender has to pay to you. It's $1,000 every time that the lender reports you late. I've had clients with two mortgages and the lenders have reported them late 7 times. There are three credit bureaus. They actually got $21k for the wife and $21k for the husband! each as damages and the late payments had to be removed!

They went through a short sale back in late 2007 and are back into home ownership in a home with a payment they can afford. In any case, good luck!


Hannah Fliegel
The Credit Repair Expert
415-999-9348
... more
0 votes 15 answers Share Flag
Fri Jul 24, 2009
Sethp3 answered:
This is not only a free seminar but they are not selling course's, boot camps, instructional cd's or videos. Just great REO properties. They are also GIVING AWAY A FREE HOUSE to one of the people who attend this event. Go to http://sethphillips.buyreos.org for more information.

Good luck!
... more
0 votes 11 answers Share Flag
Mon Jul 20, 2009
Yanni Raz answered:
I have a property that is not on the market yet.
It's on Zelzah south of the blvd, it's going to start a short sale process really soon.
Let me know.

Also Let me give you the source that all real estate agents use to look at properties that are on the market.
Click the link below, its 100% free for you to use.

Good Luck.
... more
0 votes 3 answers Share Flag
Mon May 11, 2009
blaison samuel answered:
Angie,

dont take everything out from your savings!! You don't have to stop paying the mortgage in order to qualify for the modification, may be you are not talking to the right person. Try to contact someone in loss mitigation department of your lender to talk about modifcation or contact some loan modifcation company who doesnt charge upfront fees for modification.

But If the lender is not working with you on loan modification, then do short sale, at least you can avoid foreclosure and have some piece of mind. For short sale, contact a realtor who has experienced in closing some short sale.
... more
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