I'm interested in finding out more about this property. What would be the total cost to buy?

Asked by Chava Metzger, Los Angeles, CA Fri Feb 18, 2011

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This question is about this property: http://www.trulia.com/foreclosure/3043165819--Matilija-Ave-S…

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7
Brian Fisk, , Sherman Oaks, CA
Fri Feb 18, 2011
Hello Chava,
I'd love to help you zero in on the best homes for you and your family, and break down the costs to buy. There are low-down-payment programs available and the seller can often help pay closing costs if your goal is to keep up front costs to a minimum. There's even a 1% down payment program that you may qualify for. Give me a call and I can discuss this with you.
Sincerely,
Brian Fisk
(818) 425-2058
0 votes
Jennifer Nim…, Agent, Sherman Oaks, CA
Fri Feb 18, 2011
Shalom Chava - feel free to call me to discuss but as Barry said, these realty trac "listings" are not really listings, they are gimmicks to get you to sign up with them based on houses in default. If you are looking to be near shul please call me.
Good Shabbos, Jennifer Niman
Prudential CA Realty
818-907-7255
818-448-2240 cell
0 votes
John Barry, Agent, Eagle Rock, VA
Fri Feb 18, 2011
Hi Chava,

This property is not actually for sale, at least not yet. This is a posting by RealtyTrac showing that a notice of default has been filed against the property. This means the borrowers are behind on their mortgage payments and the loan against the property is in default. The current owners could bring the loan current by paying the past due amount, and then the property would not be foreclosed upon and would not be for sale. The notice of default is part of the foreclosure process, and if the loan is not brought current, ownership will ultimately be taken back by the lender and eventually be put up for sale as an REO property. There is currently one property showing active on the MLS on Matilija in Sherman Oaks - it is a 3 bedroom 2 bath, 1990 square foot property listed at $729,000. Hope this helps, let me know if you have any questions.

John Barry
DRE #01856079
Coldwell Banker Residential Brokerage
15490 Ventura Blvd., Sherman Oaks, CA 94103
Cell: 323-810-7976
Email: john.barry@coldwellbanker.com
Facebook: http://www.facebook.com/RealtorJB
Twitter: @RealtorJB
0 votes
Tommy Lee, , 91502
Fri Feb 18, 2011
Chava,
The house was purchased back in '91 and looks to have been refinanced in '93. The house itself has 1,022 square feet and the lot is 11,491 square feet. It has 60 feet of frontage.

The reason it seems like a very low price is that Realty Trac will show the notice of default (NOD) and the number you see is how much they are behind on their payments. That is not a sales price. In most cases, when a home shows up on Realty Trac and then places like Trulia, it is the default amount that shows. The homeowner generally is already in the process of a loan modification. In this case the tax rolls shows that the mortgage is about 100k. That means that unless he took out equity in the last few years, he will be a good candidate for a loan modification or refinance.

I have also found that there are some homeowners that will not discuss a short sale and they ride the property until it forecloses. That is not a good idea but some do it out of frustration. So there is no guarantee that they will even want to talk about selling.

Let me know if I can help.

Tommy Lee
DRE #01723594
tommy.lee@dilbeck.com
323-821-2292
говорю порусскии
0 votes
Cindy Estates, Agent, Porter Ranch Northridge, CA
Fri Feb 18, 2011
When would you like to see the property? There are other properties on the link below.
Web Reference:  http://Www.cindyestates.com
0 votes
Cindy Estates, Agent, Porter Ranch Northridge, CA
Fri Feb 18, 2011
When would you like to see the property? There are other properties on the link below.
Web Reference:  http://Www.cindyestates.com
0 votes
Claudia Hans…, Agent, Los Angeles, CA
Fri Feb 18, 2011
Chava,

This property is in default,behind of payments, I can share more information about it call me at 818 564 5853

Claudia Hansen DRE 01155245
Keller Williams Realty Encino-SO
Web Reference:  http://encinotes.com
0 votes
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