If you are in California and have a foreclosure question, I try to answer all of those. It is more of public service thing with me, as I know how much grief people who go through that suffer. I missed your question and can not find it.
In 1993-1995 I actually worked for BofA and our division was attached to the loss mitigation dept and I was actually was the person who communicated with the customers who were losing their homes or if they were destroyed in a fire or earthquake. I have specialized knowledge of the process and know how you may be suffering.
I make it a point to try to help people in that situation if that is your situation please feel free to call me directly, 714-968-2500.
I do not make any money on a call like that, just glad to help people going through a very hard time.... more
If all REOs are released together they will be absorbed in about 5 weeks. In other words, the REO agents longing for more supply as the demand is strong.
As of March 2012, most of these properties have multiple offers.... more
You may want to check if the county has 'red tagged' any portion of the property. Code violations are not limited to the structure - there can be grading violations or septic systems or wells or a host of other items, some of which can be quite challenging. Sometimes the county will work with a new owner when they wouldn't with the previous owner because the relationship was poisoned along the way - dealing with the county sometimes takes an expert (i.e. engineer). - normally a call to the county with the APN will define the issue, if any (ask open ended questions) for any particular property... more