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Foreclosure in Whittier : Real Estate Advice

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  • Local Info15
  • Home Buying87
  • Home Selling2
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Activity 11
Sun May 25, 2014
Oscar Gonzales answered:
Hello J.Deharo,

Please reach out to your second lien holder as soon as possible. Let them know that you have worked with the 1st and that you need some help with the 2nd. Almost all lenders will take some info over the phone then will send you out a packet to fill out. I've seen this play out with two different ways. A foreclosure or a successful loan modification.

Good Luck!

Oscar Gonzales
WestCo Realty
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0 votes 3 answers Share Flag
Mon Apr 28, 2014
My NC Homes Team answered:
Generally speaking a second mortgage holder is in an extremely weak position and cannot foreclose. They would ordinarily be limited to filing a lien against the property. However the fact that this has gone to a collection agency who will undoubtedly starting adding on fees, interest etc is reason for you to be proactive and not be an ostrich and hide you head in the sand and hope it goes away. (Spoiler alert- It won't)

I'd suggest yu speak with a local real estate attorney and perhaps have them speak tot he collection agency.
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Wed Apr 3, 2013
Jorge Granados answered:
Hola, con respecto a su pregunta existen opciones para usted como inquilina que le rinden ciertas protecciones. Si gusta informacion a fondo, por favor llameme. Si usted no se informa, puede perder su abilidad de protejer sus derechos.

Jorge Granados
562-907-4349 Oficina
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0 votes 2 answers Share Flag
Thu Jun 28, 2012
Suz A answered:
The answer is yes they can foreclose. In probably most cases, you won't see this situation. The inferior lien holder is left in a position that there is nothing to recover to satisfy the lien. Though, there are second lien holders who file foreclosures. It is common enough that you occasionally read about the bidder who didn't realize they had bid on a second lien and wind up trying to negotiate their way out of a contract.

Your friend should consult a lawyer who can discuss the available options.
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0 votes 11 answers Share Flag
Tue Jun 19, 2012
Kylie answered:
Thank you so much for all your great really helps.I'll have my own home inspection..
0 votes 4 answers Share Flag
Fri Jun 15, 2012
Sara Mehrpouyan answered:
Hi Kylie,

It sounds like you submitted an offer on a foreclosure property? If it is bank owned, then the seller will open escrow and you will need to give your deposit to escrow company. After that, it's a regular escrow process with contingency periods according to the offer that you submitted and agreed upon with the seller. Most foreclosure properties are sold as-is. Good luck.

Sara Mehrpouyan CDPE
Short Sale & Foreclosure
Rodeo Realty
Direct 818-903-2040
Dre license #01712757
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Wed Jan 12, 2011
Melissa Krchnak answered:
Realmente no hay mucho que puedas hacer, además de encontrar un nuevo lugar. Usted puede seguir haciendo los pagos de alquiler a quien el nuevo propietario es y que le puede dar un aviso de 90 días para el desalojo si no quieren que viven allí. Hágamelo saber si usted tiene alguna duda.

There really is not much you can do besides find a new place. you can keep making rent payments to whoever the new owner is and they can give you a 90 day notice for eviction if they do not want you to live there. Let me know if you have any further questions.
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0 votes 5 answers Share Flag
Wed Aug 11, 2010
jo answered:
It all part of what you negotiate when you sell your house. If you need more time, no time or anything else, you can ask for it when the contract is written.
0 votes 17 answers Share Flag
Mon Mar 2, 2009
Eun Yi Chung answered:
call me, i may have a good answer for you. 240 286-4324.

Eun yi
0 votes 3 answers Share Flag
Sat Feb 21, 2009
blaison samuel answered:

If its in pre-foreclosure and the owner is selling himself, then you enough time to think further. Even if they get an offer tomorrow, it will take a month or more to get it approved (if its a good offer price) and then a month to close the escrow. So, it would be your choice:
1. You can ask your owner to give you a month notice before the closing of the sale
2. You can wait until they get any offer to look for another house with a month notice
3. Start looking for a different house now
4. You can ask the new owner, if they are investors and looking for renters after the close of sale. In this case, you can stay.
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Wed Feb 11, 2009
Jeff and Cheryl Fox answered:
I cannot seem to find the exact address. It appears to be located on the corner or Whittier and Hadley. Sorry I cannot give you more info. If you think you may be interested in purchasing this property I can try to get more info but all I have to go on presently is the person who is named as owner Paz Carlos. It also shows as a bank owned property so I am confused as to why the address is not coming up. Call us if you would like to continue...

Jeff and Cheryl Fox

Properties Plus
818-995-9108 Office
800-917-8080 Toll Free
818-207-2013 Cell

16133 Ventura Blvd. 7th Floor
Encino, CA 91436
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