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Foreclosure in 90274 : Real Estate Advice

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  • Local Info3
  • Home Buying11
  • Home Selling0
  • Market Conditions3

Activity 5
Alexander Gr…, Real Estate Pro in San Jose, CA
Mon Aug 5, 2013
Alexander Greer answered:
We can certainly help you out. You can check us out at http://www.TheMortgageOutlet.com and give us a call. One of our loan officers will look at your situation and present you with some options. ... more
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Dot Chance, Real Estate Pro in Burbank, CA
Thu Oct 25, 2012
Dot Chance answered:
I am so sorry for the trouble you are going through. Unfortunately, loan modifications very rarely go through. Were you handling the loan modification yourself, or did you have an experienced professional working on it?

You have received some good answers already below. If you want to save your house, contact a foreclosure attorney and see if they can help. The other option is to short sale your home. You need to have an agent who is experienced with short sales and getting sale dates postponed. An agent with the credentials, CDPE will be very well-versed and well=trained. If I can help, please give me a call.

All my best,
Dot Chance, Realtor®
Certified Distressed Property Expert – CDPE®
DRE License #01494182
Keller Williams Realty World Media Center
www.DotChance.com
818.339.7712

WHEN YOU THINK OF REAL ESTATE...Think DotChance.com! My business thrives from your referrals!
... more
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Craig Yace, Real Estate Pro in Corona, CA
Thu Oct 25, 2012
Craig Yace answered:
It depends on who owns the note and how soon the auction is but in most cases the answer is YES.
I can help you figure things out at no cost to you. I have been helping families avoid foreclosure since 2005. And many of those people have had trustee sales. Don't move out. Contact me today. ... more
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Dennis Hartl…, Real Estate Pro in Torrance, CA
Thu Oct 25, 2012
Dennis Hartley answered:
There are several reasons a bank will decline a short sale request.

One reason is they feel that the price agreed upon by the buyer and seller is too low. The bank will do their own appraisal, which may or may not be an accurate estimate of current value, and make their decision based on that. Unfortunately, sometimes sellers and their agents market the property at a price that is too low thinking that the bank will approve any price they submit.

A second reason is that they feel that there is not a hardship on the part of the seller. If the seller has not missed payments and/or shows enough income to make the payments, the bank will not approve the short sale.

A third, less frequent reason is that the bank feels that the sale is not an arms-length transaction and that there is fraud involved in the sale. Also the bank will not allow any of its employees to be a buyer of a property that they hold the loan on.
... more
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Eden Lim, Real Estate Pro in La Habra, CA
Sat Sep 29, 2012
Eden Lim answered:
I have a short sale that was priced right, bank was very eager to close, the buyer paid cash, and we were able close in less than 30 days.
Finding the buyer is the quickest and the easiest part of the transaction. How fast the closing depends on the followings:
- How fast you can, as a seller can provide the Docs neede by the bank.
- How fast the negotiator designated by the bank as acting.
- How easy and fast the buyer will qualify.
... more
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