Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Foreclosure in 91403 : Real Estate Advice

  • All16
  • Local Info2
  • Home Buying5
  • Home Selling1
  • Market Conditions0

Activity 2
Wed Aug 25, 2010
Aaron Cohen answered:
I would have to agree with Tommy above. Each bank has it's own guidlines on what it will take in a Trustee sale. If you are looking at a house that is bank owned, it will depend on the particular bank involved, how many lenders there are on the property and what each lender is willing to settle for in return for releasing the property. The reality is that the market drives the price of any particular house, whether it is a standard sale or bank owned. You need to do your due diligence yourself or have a real estate professional run a complete list of comps in that neighborhood.

Aaron Cohen
Rodeo Realty
818-390-0422
Aaron@AaronJCohen.com
... more
0 votes 3 answers Share Flag
Sat Jul 4, 2009
Hannah Fliegel answered:
Dear C

Sorry about your situation. You might try to call property management companies in your area and briefly let them know your credit was compromised from bad real estate investments. They might make an offer for you to pre-pay a few months rent in advance and that way you they have some comfort and you can have a chance to live in a safe home not a public motel.
once your bk is discharged you might want to consider signing up for credit repair so that you can get all the trade lines removed, with a 50% chance of getting the bk removed. See right now you have all the negative trade lines in addition to the bk. If you sign up for credit repair you will then just have the bk with a good possiblity of removing it.
You can get a new mortgage in 24 months after a bk with FHA lender or 48 months with conventional lenders. Call me I will assist you with your credit repair. Good luck!
... more
0 votes 7 answers Share Flag
Search Advice
Search

Followers

348