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Foreclosure in Mission Viejo : Real Estate Advice

  • All103
  • Local Info5
  • Home Buying41
  • Home Selling3
  • Market Conditions6

Activity 18
Tue Sep 16, 2014
answered:
Are you still looking to purchase this property?

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
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0 votes 1 answer Share Flag
Sun Aug 11, 2013
Ingrid Ski Realtor answered:
Hello

First question. Have you already called the bank and who you got the letter from to discuss your situation ?
Yes, I can help you in stopping the foreclosure. I have helped many others an talking with the bank is the first step to help you in your situation
Give me a call to discuss more about your personal situation and details
Your short sale & foreclosure expert
Talk to you soon
Your local realtor.

Ingrid Ski Realtor
949-874-0432
OCAreaHomes@gmail.com
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0 votes 6 answers Share Flag
Mon Mar 11, 2013
answered:
I am afraid the damage is done. Once that BK has been filed with the court it becomes Public Record and whether or not you go through with the BK it will either show as Dismissed or Discharged, either way the damage is done. I really want to tell you what you should do, but since I am not an Attorney I can't give you that legal advice. But you should think long and hard about Dismissing your case, as the scar is already there, but without the benefits afforded someone who files for bankruptcy protection.

Best of Luck!
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0 votes 3 answers Share Flag
Tue Feb 19, 2013
Jamie Tian answered:
Hi Shana,

This property is a pre-foreclosure/notice of default and is not currently for sale. The amount shown $198,000 is not the price that the house will be sold for but it the amount that the owner owes.

Please contact me with your email and I will send you a list of available properties in your area. You can contact me at (310) 717-1321 or JamieTian@RodeoRE.com.

Best,

Jamie Tian
Rodeo Realty
(310) 717-1321
JamieTian@RodeoRE.com
DRE #01920120
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0 votes 6 answers Share Flag
Mon Nov 12, 2012
Mark Priegel answered:
Clients ask me this question all the time. Wasn't it those fancy RE Coaches that first said only return phone calls between 12-1 and 4-5. I always tell those agents to direct their calls to me for clients that can't wait till then. Call me to see how fast I answer the phone. Some of us have worked hard to get the phone to ring, so now answer it immediately. Some leasing agents also only work with the prime clients with top FICO scores. It takes experience and an understanding of what landlords want to be able to successfully place clients with credit challenges. I would be happy to answer the foreclose questions this client has, try me!!!!!! ... more
0 votes 18 answers Share Flag
Mon Nov 12, 2012
Matt Babayan answered:
Hello Eopanasik,
It will be my pleasure to help you to purchase property, I am expert on REO, and Short sale. If you email me your criteria I will set you up in my listing which you receive emil every day base on your criteria.
Please contact with me at mattbabayan@aol.com or cell 949-463-6227.
Thank you
Matt Babayan
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0 votes 11 answers Share Flag
Mon Nov 12, 2012
Aisha Williams 714 505 9139 answered:
Hi Fred

Depending on what you want to buy, Single Family Residence (SFR), condo, townhouse, etc or it may be that you are looking to purchase an investment property... Also, it depends on what you qualify for regarding a loan...

Contact me as I have a great loan officer I work with who can pre-qualify you and then we can see what type of dwelling will fit in your budget... because it depends if you are going to get a conventional loan or an FHA / VA loan etc... I can then help you to find the property

Feel free to contact me
Aisha.Williams313@gmail.com
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0 votes 5 answers Share Flag
Mon Aug 6, 2012
Shannon Adams answered:
You definitely need to know the comps first, because if it is a short sale listing agents usually list below market value to attract alot of buyers, but that doesn't mean it will sell at that price. The reason being the bank will send out an appraiser prior to accepting an offer to make sure they are getting close to market value. If you really love and know the factual value, then you should write a strong offer with no regrets. The market is stablizing, and take advantage of the great rates. We may never see these low rates again. ... more
0 votes 7 answers Share Flag
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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0 votes 6 answers Share Flag
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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0 votes 22 answers Share Flag
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: cfleming@coldwellbanker.com. ... more
0 votes 2 answers Share Flag
Mon Dec 20, 2010
Alma Kee answered:
Some Bankruptcy Trustees will allow a home to be sold via short sale. Contact the bankruptcy trustee for approval for the sale.
0 votes 14 answers Share Flag
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.
1. http://www.rsvpforeclosures.com/#
2. http://www.rppsales.com/Properties.aspx



Best of luck to you!
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0 votes 1 answer Share Flag
Mon Jan 4, 2010
Karen Parsons Fiddler answered:
Hi,

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.

Karen
1 vote 4 answers Share Flag
Mon May 18, 2009
Ezra Sturgis answered:
Hi Thorsten,

Foreclosure Procedure -

At 90 days delinquent a Notice of Default is filed (NOD)
At 180 days delinquent a Notice of Trustee Sale is file (NOT)
14 days later, the house is sold on the courthouse steps
7 days later is eviction.

During this period of time, the homeowner usually tries to hire a Real Estate Agent to Short Sale the subject property. (A short sale is when you sell the house for 'less' than what is actually owed in the loans and costs associated with the sale). As the bank will be mitigating their losses, they will want the house sold as close to current market value as possible. The Agent must use their best judgement in determining the asking price, and accept the strongest offer....as they usually only give the bank 1 offer, even if 4-5 offers have been received. The bank will then do their 'due diligence' on determining an acceptable sales price, and basically cut their losses associated with this transaction.

If the house never sells as a Short Sale and the bank ends up Foreclosing on the home, the property then becomes an REO (Real Estate Owned). In this situation, it basically goes through the same process as a Short Sale....and is again, relisted with a Real Estate Agent to sell. The bank will entertain every offer received until a suitable offer is presented.

F.Y.I....The banks are not in business to OWN properties, but merely to LEND on them. However, they're not going to just give it away neither.


I hope this information helped you in your search for future investments. If you would like to learn more about this process, or see Active Foreclosure Listings in the OC, please feel free to visit my website. I have built custom IDX links that link directly to the MLS and will show you real-time foreclosures in Orange County, CA and the surrounding cities. If there is anything of interest to you, please feel free to contact me directly.


Kindly,
Ezra Sturgis
President
OC ShortSale Arena
ezra@ocshortsalearena.com
www.ezrasturgis.com
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0 votes 2 answers Share Flag
Sat Jan 31, 2009
Diane Wheatley answered:
I read the exact same example and according to that report it appears not only is possible it is mandatory in California. He stated his facts, statutes, codes, etc. to support his finding. I have not verified the legislation behind it myself. But, that is what the man says! ... more
0 votes 7 answers Share Flag
Sat Jan 3, 2009
Michael Barron answered:
Hi there Glena, This home is still on the market. It is a bank owned REO.It is not a short sale , Priced for a quick sale. If you are interested in seeing this home or making an intelligent , informed offer let me know.

It is priced at # $ 412,900

You can search for all REO properties from my site.

Kind Regards
Michael Barron
Realtor/MBA/ REO Specialist
First Team Real Estate
... more
0 votes 5 answers Share Flag
Wed Feb 27, 2008
Joe Homs answered:
Find a real estate agent that's an expert in this field. If you need step by step instructions, then give me a call!
0 votes 4 answers Share Flag
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