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Foreclosure in Glendale : Real Estate Advice

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  • Local Info10
  • Home Buying27
  • Home Selling7
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Activity 11
Wed Mar 29, 2017
answered:
Hello James, unfortunately you did not include an address or link to know which property you are inquiring about. Do you have a home you want to sell and are inquiring on selling costs or are you meaning purchase price or closing costs? I did not find any listings for purchase in the 91406 zip code currently so you may need to consider other neighboring cities.

Have you been pre-approved to be able to look at and submit offers on any homes of your choice? Do you have down payment and closing costs saved or do you need down payment and closing cost assistance programs?

The purchase in Glendale start from 289k for 1bd 1ba condo, from 399k for 2bd 1.5ba condo, from 469k for 3bd 2ba condo and the single family homes start from 439k for a 1bd 1ba tiny house.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation for each applicant.

If you are buying a primary residence you could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs. You may close with minimal out of pocket expenses. You may consider the CalHFA from a minimum 640 fico score and the Sapphire Grant from a minimum 620 fico score up to 424k.

You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA or CalVet loan specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
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Tue Dec 23, 2014
Tim Moore answered:
You won't find many Realtors or others that deal with homes in foreclosure, you have to wait for that process to end and then the bank usually gets it back and it is correctly called a bank owned home or REO then. That is when you can buy it, after the bank gets ownership. The bank turns it over to an asset company to sell for them and they list it on the local MLS with a Realtor. You just need to find a Realtor to help you make the offer. It's free to you since the bank pays the commission. Find a good Realtor there to work with and look at all homes, not just the bank owned ones that are often in bad shape. ... more
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Fri May 23, 2014
Von Bonilla answered:
Hi Niki,

Due to the low inventory of homes for sale in Glendale right now , most sellers would probably not entertain a "lease with an option to buy/rent to own". It may be better for you to lease/rent for now and save for a future down payment on a home. If you do find a seller that is willing to do that go ahead and read this article http://www.realtor.com/home-finance/homebuyer-information/how-to-do-a-lease-option-or-lease-purchase-sale.aspx

I hope this helps!

Von
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Tue Mar 4, 2014
The Foggs answered:
We present offers to the sellers upon receipt. Sometimes sellers and agents will post a timeline for offers as to when they should be in. Each listing will vary.

Best wishes,

The Foggs ... more
0 votes 10 answers Share Flag
Mon Mar 3, 2014
Nick Khachian answered:
Hello,

No this listing is not accurate at all.. That house was sold in 2000 for $530,000. If you are searching for homes in that area. I would like to help you. Please call me 818.419.3095 or email Nick@jhagents.com ... more
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Fri Sep 27, 2013
Lina Sarkissians answered:
Dear mrminai,

The last sold property on the street you are inquiring was 3391 Oakmont View Dr in April 2013.

Please remember many of the online search sites available to the public are not updated regularly. You might find an advertised property that has already sold or is in the process.
It would be my pleasure to help you investigate an address and find answers.

As a member of the MLS (Multiple Listing Service), I provide my clients free links through my website. Please feel free to search on www.LinasHomes.com

Best of luck!
Lina Sarkissians
Realtor #01801783
818-636-7180
... more
1 vote 2 answers Share Flag
Mon Aug 20, 2012
SERGEY FEDNOV *** 424-777-9377 answered:
Please provide property information (address, mls# or link to listing).


Should you have any questions - please do not hesitate to call me Toll Free 1-855-TRUST-55 ext.777 ( 1-855-878-7855 ext.777).


Sergey Fednov
President/Realtor
_____________________
Trust Sale Realty
Toll Free: 1-855-TRUST-55ext. 777
Toll free: 1-855-878-7855 ext. 777
Phone: 424-777-9377
Fax: 310-356-4925
http://www.TrustSale.com
http://www.TrustSaleRealty.com
* We Hire California Licensed Realtors - 100% Commission!
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Thu Dec 1, 2011
David Chiles answered:
I got their number from a friend and called the asset manager about a home I was interested in because it was such a great home and I had a motivated client. My call was returned, but I was pretty embarrassed when I realized it was inappropriate. The asset manager gave me the number to their exclusive agent who called me as well. The moral of the story is that their agent is who you need to talk to. The asset manager does not make the decision and the agent will be the first to know when a house is going on the market. ... more
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Wed Apr 20, 2011
Keith Sorem answered:
R.
I am including a link below that may be helpful for you. The practical story is that most homes that are foreclosed have a market value of less than the amount owed. This means that if I owned a home with a $700,000 mortgage, and it was worth $550K, and it was foreclosed, why would I redeem the property by paying more than it's worth, plus the late fees, penalties, and i interest?

Market values are driven by economic forces. Given the downward trend in values, the only time I can see this happening is if the property is worth more than the outstanding mortgage balance, plus penalties.
... more
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Fri Apr 23, 2010
Tommy Lee answered:
Carrie,
Looks like you have a number of answers but none of them gives you a concrete answer. Why? Because every financial entity that has mortgages has different rules. Suppose the lien holder is a major bank. Chaces are then bank will try to work with the landlord. But suppose it is a investment company that bought the mortgage on the open market. They may not be willing to do such a modification. Now suppose the lender is a private lender locally. They may want the property rather than work with the landlord.

Another thing to think about is that most loan modifications do not succeed. I work short sales in your area and pretty much everyone I contact says they are going to get a loan modification. But right now I thnk the percentage that get through the paperwork is about 16%.

My suggestion is to start looking "just in case". If you need help, please give me a call or email me at the email address below.

Tommy Lee
DRE #01723594
tommy.lee@dilbeck.com
323.821.2292
... more
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Fri Jan 8, 2010
Five Star Team Berkshire Hathaway answered:
You need an experienced REO agent who knows about foreclosures so they can guide you through the transaction. There are many things which must be navigated such as the condition of the home, the way to present an offer, and much more. If you need any assistance we are Experienced REO agents, Give us a call! 818-424-8340! ... more
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