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Foreclosure in Fullerton : Real Estate Advice

  • All150
  • Local Info15
  • Home Buying38
  • Home Selling2
  • Market Conditions6

Activity 7
Tue Oct 7, 2014
Reuben Dunn answered:
If you are looking for REO/Short Sale/ "Bargain" type real estate, send me an email and let's see what we can do.
0 votes 3 answers Share Flag
Wed Aug 3, 2011
Keith Jones answered:
Hi Jene,
The short answer is no. That $2269 is the amount that the Borrower/Homeowner is delinquent and needs to pay to bring the loan current. It’s is most likely not even the entire debt.

Example: A person buys a $30,000 car with a 5 year loan and has a monthly payment of $300. A couple of years into the car loan, he falls 3 months behind on his payments. At this point the lender may send a notice to the borrower that if he doesn’t come up with the $900 (plus possible late charges) the car will be repossessed. The $900 does not pay off the car loan it simple brings it current.
Hope this helps.
Keith Jones
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0 votes 5 answers Share Flag
Wed Aug 3, 2011
Brian Wilson answered:
Hello Lynette29,

I agree with my colleagues that lien holders would not send a foreclosure notice via email. Likely this is SPAM similar to the emails that say you just won the 25 Million Euro lottery that you never entered.

As Adam said below there is an auction date set for that home ( I looked it up as well) and the notice of an auction date should be physically posted on the home. If this is the home you are renting then be prepared, if it does go to auction you will likely have to move in a hurry.

Lately, today, I have heard many such stories from people forced out of the rental they are dutifully paying on due to the owner not paying their mortgage. Proceed with caution if this is the case.

Good luck,
Brian Wilson, Realtor
DRE# 01321478
... more
0 votes 11 answers Share Flag
Fri Oct 30, 2009
Oscar Matamoros answered:
If you are buying a pre-foreclosure home th lien holder could play hardball and ask you to apid any taxlien, the question is how much to you like this home an if that is bringing the value of your purchase over tha market value.
Every thing is negotiable and it must be a wining winning situation. Get comps form your agent to establish the actual market value.
upe Medina/Realtor
RE/MAX Metro Anaheim
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0 votes 4 answers Share Flag
Fri Jul 31, 2009
Voices Member answered:
Anthony, Have you formed an opinion since May?
0 votes 17 answers Share Flag
Sat Jan 17, 2009
. answered:
Im a little lost - if there is any contingency the bank is not willing to know that they have the right to cancel.

If the bank wants to see a credit profile of the buyer to qualify before opening escrow - Yes.

Is this an all cash offer ? Then NO. .

What other issues are at play here ? You need to determine the rights of the beneficiary and causes for negligence? Correct?

Not properly stated in adequate question format.
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0 votes 7 answers Share Flag
Wed Aug 27, 2008
Dave Osborne answered:
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