Foreclosure in 92508 : Real Estate Advice

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Jason McInty…, Real Estate Pro in Riverside, CA
Jason McIntyre answered:
How do appraisers determine a home's value in a foreclosure-heavy market?
Dear Ty,

Appraisers have the option of adjusting for condition. As a common example, suppose a comparable property is 150sf smaller than the subject property. The appraiser would e ... more
0 votes Share Flag Mon May 12, 2014 Foreclosure in 92508
James Cottre…, Real Estate Pro in Riverside, CA
James Cottrell answered:
how to regesteir for public action?
Public auctions are very interesting. I can certainly point you in the right direction. Registering is a simple process which typically requires a cashiers check for deposi ... more
0 votes Share Flag Wed Sep 4, 2013 Foreclosure in 92508
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Ruth and Perry Mistry answered:
Mom died in home and home worth way less than mortgage and no job - have POA
Hi Darcy or Tim

The best option for the family is a Short Sale, prudent to start the process right away.

However, if the home Sells then they have to move out and will receive no ... more
0 votes Share Flag Sun Aug 19, 2012 Foreclosure in 92508
William Hala…,  in Riverside, CA
William Halatsis answered:
I have a 2 yr lease, but the home is now foreclosed. Will Fannie Mae give us the renters a chance to buy the home before listing the home for sale.?
As long as it has not yet gone to auction there is a chance. Very fluid situation, changing constantly but worth looking into. You have rights and power...possession is nine points of t ... more
0 votes Share Flag Sun Aug 12, 2012 Foreclosure in 92508
Bob Movin-On,  in Hartford, CT
Bob Movin-On answered:
should an Appraiser use the sales of foreclosure property as comparables in the sales Comparison Approach in the year 2009 and 2010 ?
If you are asking this as a hypothetical question then we all know the answer NO , but Appraisers are required by law to follow strict standards and foreclosure properties do get factor ... more
0 votes Share Flag Mon Oct 4, 2010 Foreclosure in 92508
Scolosimo, Home Buyer in 92508
Scolosimo answered:
We have been trying to get a loan modification on the house since Nov 2008.
Well we were able to get the auction postponed one month while we list the house for short sale. We dont want to move and we dont want to lose our home, but the bank is unwilling to wor ... more
0 votes Share Flag Thu Feb 4, 2010 Foreclosure in 92508
Jane Grant, Real Estate Pro in Aguanga, CA
Jane Grant answered:
I want to buy a forclosed home in cash for 100,000. There are many listings in my price range but will the bank ask for more once I make an offer?
Listing prices on Bank Owned Homes are accurate as per the Broker Price Opinion, BPO, that the bank does to price the home. However, if there is a lot of competition for that house obv ... more
0 votes Share Flag Wed Feb 3, 2010 Foreclosure in 92508
Jory Blake,  in Riverside County, CA
Jory Blake answered:
Hi, I'm a first time home buyer and have been looking for REO properties in
Hi Menyoo, I am local to the area (92506) and promise to dedicate my time to finding the perfect home for you. I have lived and done business here since 1982. Are you looking for the la ... more
0 votes Share Flag Fri Apr 24, 2009 Foreclosure in 92508
, Home Buyer in 92508
Hi All, past 6 six weeks. I participate in the CALHFA CSHLP and have been approved for the loan. Does anyone know a foreclosure property between 250k to 300k?
Thanks in advance
0 votes Share Flag Thu Aug 21, 2008 Foreclosure in 92508
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