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Foreclosure in 91342 : Real Estate Advice

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  • Home Buying16
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Activity 3
Sun Aug 18, 2013
Emily Knell answered:
Please shoot me an email directly, I know you're going to be able to better explain your question that way. I will need to know, has your home already been sold at auction or does the bank own it right now? Or are you in the middle of short sale negotiations & the 2nd is asking for a high payout? Was the 2nd an equity loan? I need to know much more in order to give you the best possible answer.

Please shoot me an email directly, I don't look back on this same Trulia thread for answers posted after mine.


Emily S. Knell
EmilyKnell1@yahoo.com
562-430-3053 c
Realtor Since 1996
Realty ONE Group
Short Sale Specialist
100% Success Ratio in CA
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0 votes 1 answer Share Flag
Wed Aug 8, 2012
Terri Vellios answered:
Michael gave you sound advice. It really depends on many factors, was the second a line of credit? A non-recorse loan? When was it foreclosed.

Talk with a real estate attorney.
0 votes 4 answers Share Flag
Wed Aug 8, 2012
Terri Vellios answered:
The details of how your documents were drawn up, what action you have been taking to this point will determine what you can do.

As suggested, talk with a real estate attorney. They will need to see all your documents. Such as promissory note along with Trust Deed. The attorney will review What your rights are within the promissory note,

All the best to you.
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