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Foreclosure in Livermore : Real Estate Advice

  • All161
  • Local Info11
  • Home Buying57
  • Home Selling8
  • Market Conditions2

Activity 16
Wed Aug 31, 2016
Chihair answered:
check out SkySignature.com it is a free digital signature software solution. A website that allows you to sign pdf documents online free , this will save you a lot of time. All you paperwork will be organized online it makes it much easier to deal with. ... more
0 votes 9 answers Share Flag
Wed Apr 20, 2016
Steven Bouillon answered:
Tue Sep 8, 2015
Cindy Jones answered:
Stevec is right. Bought and closed multiple trustee sales. HOA's in CA get wiped out thru the foreclosure process. That does not mean attorneys and HOA wont trying strangle holding you. ... more
0 votes 14 answers Share Flag
Mon Jun 2, 2014
mwlavender asked:
Sat Apr 26, 2014
Darren Smith answered:
Have you closed escrow, and the former owners or tenants are still occupying the property?
If not, then refuse to close escrow until the property is vacant.
If so, and you agreed to purchase as-is, then you may be liable to handle the eviction yourself.
Did you have an agent representing you? If so then have him or her explain the situation and your options.
If not, check with an eviction service or an attorney, they will be able to provide you with everything you need to know, and most likely be able to handle the eviction process for you.
If you have closed escrow and did not realize that there were occupants in the property and it would not be vacant at the time of closing, then someone failed to disclose the facts properly to you.
Good Luck!
... more
0 votes 1 answer Share Flag
Thu Apr 3, 2014
Keith Bosworth answered:
Hello Timothy,

There is no link to the house that you are interested in. I would be more than happy to provide you with any information if you provide the link to the home or an address. I can also set you up with an automatic search that will send you information on any properties that become available. I look forward to hearing from you.

Keith Bosworth
Realtor
Arise Realty
510-931-3197
keith@ariserealty.com
... more
0 votes 1 answer Share Flag
Sat Jul 28, 2012
answered:
Good morning Arissa,

I've been helping First Time Buyers for 22 years as a mortgage professional and I will tell you what I have always told my clients here in New York: If you are a First Time Buyer, steer clear of foreclosures and short sales.

Foreclosures are someone else's headache. The home probably has not been well-maintained and you're a First Time Buyer adjusting to paying a mortgage. Do you really want to walk in the door to someone else's deferred maintenance that YOU will have to pay for? Also, if you're thinking there are deals to be had in terms of lower prices, mostly those "deals" go to professional investors who can pay cash, negotiate hard with a Lender, and close fast.

For Short Sales, my attitude of late is that First Time Buyers should steer clear. Short Sales tend to be a better deal for the homeowner than for the Buyer. You'll wait MONTHS for the homeowner's Lender to approve the short sale; maybe as long as Six or Seven Months. Meanwhile, you're stuck in a contract to buy that home. I closed a short sale recently with a Buyer who, after seven months said this at the closing table, "I don't even want this house anymore."

And he didn't even get the "deal" on price he thought he was getting! The house appraised for only slightly more than he paid for it at the short sale price. He walked into this deal thinking he was buying a home for $100,000 less than it's value. In the end that wasn't the case.

There are plenty of motivated Sellers with their homes listed on your local MLS. Go find a good Local Mortgage Banker, get prequalified, then find a great, experienced Realtor, and buy the home you want at the price you're willing to pay. It's a Buyer's Market, after all!

Trevor Curran
NMLS #40140
... more
0 votes 3 answers Share Flag
Wed Feb 29, 2012
Gerard Carney answered:
You remove the lien by negotiating with the HOA. You pay them what is due and they remove the lien
0 votes 5 answers Share Flag
Mon Oct 4, 2010
Joanna Jensen answered:
Hi Just looking,

Sounds like your doing your homework!!

There is a big difference and both can get you a home at a great price.

A REO, Real Estate Owned property has already been foreclosed upon, and the bank took it back. This is a good way to buy because your able to do inspections, the previous owner is no longer in the home and it Should be less emotional. If you have a realtor that knows how to negotiate these types of deals it can be a great investment.

N.O.S. Trustees Sale, is before the home goes to the bank. However, do know that a home can go in and out of a Sale Date. If a home owner is working to keep their home, their home can show up on trustess sale but be removed at the last minute. I stopped a sale the day before for owners..

So it is very important to know what is behind the notice of sale. Is the home really for sale??? Some owners may list a home for sale but have no intention of selling. I took buyers to see a short sale in Pleasanton and the owner was at home, He gave info that he was also placing a bid on the home and trying to buy it. So, make sure in your efforts that your realtor finds out ahead of time what the intentions are of the home owner.

Are they really selling the home or trying to stop a foreclosure.

Best of Luck,

JoAnna Jensen
Legal Assistant
Volo Law Group
jensenair@hotmail.com
925 699 5041
... more
0 votes 2 answers Share Flag
Thu Aug 26, 2010
David J. Cromie answered:
are you looking for bulk -- if yes, only sfr residential correct?

If you can do the 10 mil minimum for bulk you may feel free to give me a call to let me know your limiting criteria. then give me 72 hours & you'll get 10-15 days exclusive cherry picking time.

--- My name's Dave # (510) 706-4863

have a good day Ted. Good Luck no matter what you choose to do in this cash buyers perfect market timing.
... more
0 votes 9 answers Share Flag
Tue May 18, 2010
Eric J Soderlund answered:
To avoid this type of problem in the future. look into Land Trusts. It allows you to separate properties from each other with regards to legal actions such as liens and lawsuits. With properties in California you will have to set up the corporation that is the trustee in a state like NV. Google Land Trusts to get more info and speak to an attorney before moving forward ... more
0 votes 6 answers Share Flag
Wed Nov 4, 2009
John Juarez answered:
Mimi,

Whatever the answer to your questions is…and, not being in Connecticut, I have no idea what the answer is…that answer will only be good for today. GMAC, or any lender, can change its policy at any time. Lenders could sell their notes to collectors at some time in the future and the collector could take action to collect on those debts. If you are the subject of such a judgment, I suggest that you seek legal advice from someone familiar with Connecticut law and Connecticut customs.

John Juarez, REALTOR
Windermere Properties of the East Bay
510-673-0686
... more
0 votes 1 answer Share Flag
Fri Sep 25, 2009
Meena Gujral answered:
Hi Spacerat,

I am sorry to hear of your situation. As the agents below have mentioned, you are not alone. You should talk to the lender and try to get a loan modification done. Believe me, it is not an easy process but I have heard of some good modifications out there. But be careful with handing over money to loan modification companies since there are some horror stories out there as well. Make sure there is a guarantee of some sort of not just any modification but a satisfactory modification.

You can also do a short sale on your home. It will effect your credit but it is not as bad as a foreclosure. Whatever you do , please do not let it go into foreclosure.

I have been very successful in closing all my short sales. It requires a lot of patience and follow up. It is very challenging and most agents give up. I am currently working on 4 short sales right now. Two of them are my listings and two with buyers. I already have approval on two of them. If I can help, please call me at 510-279-9580

Meena Gujral
Help-U-Sell Achievers Realty
40083 Mission Blvd, Fremont, Ca. 94539
510-279-9580
... more
0 votes 7 answers Share Flag
Wed Aug 19, 2009
Joanna Jensen answered:
Hi Craig,

Are you buying the home yourself?

You need to know a few things.

How many mortgages are there. If there is a 2nd loan how much equity does it have. If if has no equity at all you may be in luck there are ways that these types of short sales need to be negotiated. It is very important for the seller that the lien be removed. Some realtors Im shocked to say have said the lender gets nothing and that is all there is. You need to negotiate and make sure that lien is settled.

As far as the first loan it also depends on how much is owed to the bank and what the home is worth.

Are you going to occupy the property? Is is owner occupied currently?

I work for an attorney and we specialize in negotiating short sales. Some realtors may say the know how to do short sales but may still be leaving the homeowner on the hook for the liability of the lien. Later when the homeowner gets a call about the loan that wasnt settled they will not be happy.

If you are the buying you dont have to worry about that. You might want representation though.

I am happy to answer any other questions if they come up.

Regards,
JoAnna Jensen
Realtor/Paralegal
The Bayard Law Firm
Your Personal Real Estate Advocate
Loan Modifications, Short Sales, Debt Settlement, Purchases, Sales
925 699 5041
... more
0 votes 23 answers Share Flag
Tue Jul 28, 2009
Natalie Swanson answered:
Trinh-
Walker Place needed a lot of work! Don't feel like you missed out on a good deal. I viewed the home the last two times it sold.

If you want a complete list of homes in Livermore that have had notices of default filed, please email me. I'm happy to provide it for you or for anyone else. My sources will provide both pre-foreclosures(notice of default), trustee sale dates, and whether the home is now bank owned.

For the most up to date NOD's you can access them in the Inter City Express publication at the Library.

For your free list please email me or visit my website:
www.natalieswanson.com.
natalies@windermere.com

I specialize in S. Livermore.

Good Luck,

Natalie Swanson
Windermere
... more
0 votes 6 answers Share Flag
Sun Dec 21, 2008
Tom Lyons answered:
Hi Mary,
Please visit my website .... which is 100% dedicated to helping people with foreclosures...
http://www.tomlyons.yourkwagent.com

thanks,
Tom
0 votes 2 answers Share Flag
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