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Foreclosure in 92691 : Real Estate Advice

  • All37
  • Local Info5
  • Home Buying15
  • Home Selling4
  • Market Conditions1

Activity 5
Fri Apr 13, 2012
Brian VerBurg answered:
It doesn't look like there is a sale date scheduled yet. The only one I see in the area with a scheduled sale day is 26003 VIA PERA #H3, MISSION VIEJO, CA 92691

The sale is scheduled for:

Time: Registration Starts Promptly at 8:00 AM
Auction starts promptly at 9:00 AM

Postponed To: 06/18/2012 9:00 a.m.

Where: DoubleTree by Hilton Hotel Anaheim - Orange County - Grand Ballroom 100 The City Drive, Orange, CA, 92868

Opening bid is going to be $102,500

If you are interested in this or any other foreclosures feel free to contact me.
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Fri Apr 13, 2012
Brian VerBurg answered:
A true foreclosure sale happens at auction and is paid for cash. They types of deals can be great, but there is competition and the buyer needs to know what they are doing.
Most people who want to buy foreclosures do not have enough cash to purchase a home outright at auction but they can get a loan to purchase a home. In this case you can purchase a home that was previously foreclosed on and now the bank owns (called an REO- this happens when the bank was owed more than anyone was willing to bid at the auction- they then own the property and list it with an agent at lower than market price) or you can purchase a shortsale- which is a preforclosure sale. In both of these case you make an offer to the lender and after acceptance there is an escrow period giving you enough time to obtain a loan (of course you must already be pre approved when submitting the offer).
I hope this helps.
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Wed Nov 30, 2011
Cynthia Fleming answered:
This property is not currently on the market. It was last sold in 2004 for $350,000 and there is a Notice of Default on the property. Where did you see this property? There are 3 Active listings on Via Pera right now, a 2 bedroom for $194,995 and two 3 bedroom units; one for $203,900 and one for $209,000. One is bank owned. Would you have any interest in these? You can email me at: ... more
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Mon Sep 6, 2010
Mary Morris answered:
Hi England,
My records show that it's still in preforeclosure, no Notice of Trustee's sale on record. But here are a couple of websites used by the auction buyers to tract what's upcoming at the courthouse. Auctions aren't for everyone, you have to make sure you do your homework on the property prior to going to the auction, along with while your at the auction.

Best of luck to you!
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Mon Jan 4, 2010
Karen Parsons Fiddler answered:

Just thought I'd check in and see how you are doing? Did the house go to auction? We all care and would like to hear how you are and what happened.

1 vote 4 answers Share Flag
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