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Foreclosure in Anaheim : Real Estate Advice

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  • Local Info19
  • Home Buying123
  • Home Selling9
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Activity 10
Tue Mar 14, 2017
Nicole Fedorchek answered:
Talk to your lender ASAP, or the servicing company! That is the ONLY way this will get resolved!
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Tue May 17, 2016
Phoebeaz asked:
Sun Dec 13, 2015
Cfry answered:
You might be able to sue. Fry Law Corporation.
0 votes 4 answers Share Flag
Mon Jul 28, 2014
mucetti11 asked:
07/28/2014 auction results
0 votes 0 Answers Share Flag
Tue Sep 4, 2012
Tim Day answered:
There are a few locations where Orange county trustee auctions take place. Certified funds are required for the full amount of the winning bid at the close of bidding. The trustee auctioneer will
qualify bidders by checking funds prior to opening bids. Very few properties are actually offered to
third party investor bidders. Even if a property is listed to be auctioned on a certain date, it is unlikely it will be auctioned. This is due to the many factors that could prevent the auction, namely, postponement, pending modification, bankruptcy, and many many more. Postponements can be made at the last minute as the trustee is in constant contact with the investor. The successful bidders at trustee auctions often work for full time property investment companies and usually either have another expert investor on the phone at time of bidding checking out the property and title issues, or are very familiar with the neighborhood and or home being bid on. This is because the third party investor cannot be 100% sure what properties will actually be opened to bidding on the auction date.
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Thu Oct 27, 2011
Brian Head answered:
Typically not. The foreclosure is based off a secured asset, The Home. The bank has no standing to go after the home not in foreclosure.
What you need to do is determine if your loan (that is being foreclosed upon) was it securitized? Through a securitization audit and a mortgage scene investigation you can identify any irregularities in the foreclosure process. Many times we find that the Deed of Trust was assigned after a Notice of Default. And, that alone is a tail-tail sign that the loan was improperly placed into that trust and the parties involved are trying to now reunite the Deed and the Note in the attempt to cove there paper trail. Only a securitization audit can unwind the trust and the parties involved and determine how the loan was securitized and what really happen. The point I like to focus in on is the State Laws in which a trust must adhere to. If the Trust is administered in the State of New York (which about 90% are) then the Trust has to Adhere to that state's Common Trust Laws. Many want to argue that UCC Article 3 and Article 9 cover that issue but Common Trust Law trumps UCC 3 and 9.
Robo-signing is another major element to the Foreclosure crisis and if you’re in a Trust Deed state; the chances that you can unwind this fraud is unlikely unless you step in front of the Lender and try to protect yourself. Contact me if you would like to have your situation discussed. My name is Brian Head and I am the Chief Auditor at Lighthouse Consulting Group in Santa Ana. I'd be glad to discuss your situation
I can be reached at either 800 529-2959 ext 1002 or 714 486-0652
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Wed Nov 19, 2008
Vicky Chrisner answered:
Rose - your agent should be the primary one guiding you through this... he/she has more information than any of us here can. However, I have been working with REOs, and I wrote a series of posts on things buyers need to know...(including addressing this very question). Hope you find it helpful. Remember, I am just outside DC - so pretty far from you. Market conditions vary widely... bank processes don't vary that much. ... more
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Tue Oct 9, 2007
Mike Kelly Allison Norman answered:
If the owner is truly "missing" then you may wish to call the police department and put out a "mssing persons" alert! That will get his/her attention. You may wish to quit paying rent but keep the money in a reserve. If the owner doesn't respond to your lack of rent payment then you most likely have an investor who is upside down on more than your property and is probably walking on multiple investments. Either way, I think you should make further arragnements to move and fine a new rental. Or explore buying a home as many great loan programs exist in this marketplace for the frist timer homeowner. Some cynics would advice you to quit paying rent and live there until the lender comes knocking after the foreclosure process has gone to sale. Who knows, at that time they may wish to give you "cash for keys" to have you leave the place in a timely manner with no damage done to the premises. ... more
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Tue Oct 9, 2007
Jim Walker answered:
This is a continuation of the thread Maria started earlier today The link to that first thread is below.

Maria: You are definitely going to need to empower yourself and get some help. It sounds like the new owner might have been a scammer. You are lucky she did not pick up the rent. Definitely contact legal aid or some tenants organization. I would not trust the bank to give you your deposit back unless they are willing to put it into writing. The previous owner may have legally turned your deposit over to the new owner at the close of the sale.
You have been put in the middle of this mess, you need a strong advocate to protect your interests. Make copies of your lease and all receipts. There are a lot of people in the same situation that you are in.
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