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Property Q&A in Duarte : Real Estate Advice

  • All17
  • Local Info2
  • Home Buying8
  • Home Selling0
  • Market Conditions2

Activity 4
Tue Sep 3, 2013
Lissett Hernandez answered:
Our address is 900 S Serrano Ave Los Angeles CA. 90006
0 votes 2 answers Share Flag
Mon Jun 10, 2013
carlos parrague answered:
Call the name on the top right hand corner of the ad.
0 votes 1 answer Share Flag
Wed Jul 29, 2009
Emily Knell answered:
I think the Realty Trac mapping tool isn't pointing to the right house.

First: There aren't any homes coming up on this street with an NOD, I use other reliable systems to find public NOD's & none of them are showing any Notice Of Defaults for this street.

However, there is 1 home that has an original 1st loan for exactly $120K, they also have a small 2nd.

If someone got so far as to get a default on such a low loan balance, it is EXTREMELY unlikely that you could just waltz in & pick it up for $120K, the 2nd would also have to be paid off & this owner could easily sell this home for well over $120K & walk away with cash having received multiple offers.

A comparison to what I'm talking about is this: Let's say a beach front home in Newport Beach is coming up with a Notice of Default for a loan balance of $400k, the property is really worth $2m & still a killer deal would be $1.8M for any buyer. No one is going to be able to walk in & "steal" it for $400k.

Feel free to email me if you have any questions
... more
0 votes 2 answers Share Flag
Sat Jun 27, 2009
Dot Chance answered:
Jeremy, based on the information given you should be able to qualify. There are some great properties available right now.

Happy househunting!
0 votes 4 answers Share Flag
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