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Foreclosure in Sacramento : Real Estate Advice

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Activity 196
Wed Feb 8, 2017
Saba Chaudhry answered:
how can get Foreclosed or Pre-Foreclosed properties listings as an agent? Do I need to get some sort of certification for it???
0 votes 69 answers Share Flag
Wed Nov 2, 2016
John Peak answered:
These are good Market2Market, AssetValuation, Summit Valuations, Clear Capital.
Also look at Emortgage, Proteck and RRReview
you can get more here www.thebpoexpert.com
0 votes 3 answers Share Flag
Mon Oct 17, 2016
Scott Godzyk answered:
Normally there would have been a date on the form, on that date they show up, if clean you give them the keys and they give you the check. Call who ever gave you the form
0 votes 1 answer Share Flag
Thu Aug 25, 2016
Alex Amaro answered:
Once you are in foreclosure I do not know of any conventional banks that will lend to that borrower. A private money lender, or hard money lender, will lend based on the equity. I would recommend a local lender that is still doing high Loan to Values like SacramentoPrivateLender.com ... more
0 votes 19 answers Share Flag
Thu Aug 25, 2016
Rich Reed answered:
Find a local registered Unlawful Detainer Assistant or an attorney who specializes in unlawful detainer and start the eviction process.
0 votes 1 answer Share Flag
Wed Aug 10, 2016
Scott Godzyk answered:
Most investors who buy at auction, buy, fix and sell. then repeat... finding one to buy and rent to you may be near impossible.
0 votes 2 answers Share Flag
Wed Jul 6, 2016
Michael Pinson answered:
How can I find out who purchase my foreclosure at the trustees sale
0 votes 17 answers Share Flag
Wed Jun 1, 2016
Scott Godzyk answered:
You prob. should not have bid on an auction without being pre-approved. It will depend what type of auction and if it was contingent upon you getting a mortgage. Most auctions are as is with no contingencies, if so you would lose your deposit. You should read your contract to see ... more
1 vote 2 answers Share Flag
Sat May 7, 2016
Ed Favinger answered:
Hi there... just found your question...

We have a property management business and are always looking for contractors.. We don't handle foreclosures, but we do have turnovers... we do pick new accounts that need some work before we can re-rent... and if you've got skills in all those areas we would like to talk with you...

Send me a your contact information and some past recommendations would also help... if you've before and after pics that's great too...

favinger@rwnetwork.com
... more
0 votes 12 answers Share Flag
Tue May 3, 2016
+19162715682 answered:
SECTION 1. Section 697.335 is added to the Code of Civil Procedure, to read:

697.335. (a) If the judgment debtor defaults on a deed of trust or mortgage on real property, the trustee or mortgagee shall satisfy any existing judgment liens filed by a public utility of any city, county, or city and county prior to sale of the real property.
(b) For purposes of this section judgment liens include those liens filed in accordance with the provisions of Section 54354 of the Government Code and Section 5473.11 of the Health and Safety Code.
... more
0 votes 8 answers Share Flag
Sat Nov 21, 2015
answered:
If the NOD has been filed, getting a mortgage is going to be hard if it is possible. If on the other hand you are being proactive and the NOD has not been filed, I may be able to help you.

Click on my picture and email me.
... more
0 votes 3 answers Share Flag
Thu Sep 3, 2015
answered:
Sorry,

I think you owe the taxes. In fact you probably won the bid because all the other bidders looked up the tax liability in advance.

Many times there is a title policy taken out on these things, if you had one, you may be able to get them to pay for it. ... more
0 votes 2 answers Share Flag
Thu Sep 3, 2015
Elizabeth.preble answered:
I have a home for sale in Fallbrook, CA and would consider reasonable offers on our home. It isn't distressed but definitely needs updating. Please contact me Elizabeth.preble@gmail.com, or look up the address 3130 Westmont Dr., Fallbrook, CA 92028 ... more
0 votes 6 answers Share Flag
Tue Aug 18, 2015
Tarahayley answered:
If you don't pay HOA assessments, the homeowner's association can initiate foreclosure proceedings. An HOA foreclosure is similar to a foreclosure of your home by a mortgage lender. However, there are a few differences.

I hope this helps and you can visit the site directly for more info: http://ForeclosureIQ.com
... more
2 votes 15 answers Share Flag
Wed Jun 10, 2015
Franceakite answered:
I landed my first REO account via BPO work I'd performed. I focused on making sure i did accurate valuations and one day I received a call from an asset manager regarding a BPO I had just turned in.

He wanted to thank me for a job well done and told me about a pre-foreclosure program they had recently launched. Although I didn't land that particular listing I did take advantage of the contact opportunity and maintained it by checking in every couple weeks. I never asked for business but rather just offered my expertise with local trends and activity when needed. I must have wowed him as he eventually suggested I come on board as one of their Listing Agents and a few weeks later I had my first REO assignment.

Just like any other listing you have to get yourself out there, look for windows of opportunities, and be persistent in your pursuit of your goal.

For anyone that is interested - http://reohomes.org/
... more
1 vote 166 answers Share Flag
Mon Jun 1, 2015
RonS answered:
What does the loss of equity have to do with your foreclosure NOD? NOD's are usually for non payment and NEVER for loss of equity. (Your reason you stopped paying might be loss of equity but that's not relevant). ... more
0 votes 4 answers Share Flag
Tue Apr 28, 2015
Charles Jones VA Specialist answered:
,,:to Close" certainly means different things to different people. Buying a Foreclosure is a process, and can be lengthy. Closing, typically means once you are in contract and the offer has been accepted. That time can be quick for the all cash buyer, perhaps as fast as 2 weeks to close. As for the process, there are may factors which delay paperwork and stages, So not all Foreclosures are the same. Some are in or will be going to an auction. If the Bank does not sell it in auction it comes back to them and they somehow determine the price which may be far more than what you see. If it was a government loan such as a VA , FHA or a few others. Then the process can take even longer.
There are even different stages of Foreclosure where the previous owner can redeem theirselves and re-acquire the home. No doubt there can be advantages of purchasing a Foreclosed home. Equally so there can be pitfalls as the home in question typically is AS IS and many disclosures may not be there to protect you. You also have a huge chance of investors out bidding you as they do this for a living. Point is to answer your question," How Long" that simply depends!.. Find a realtor who deals who foreclosures, their commission should come from the bank side and a free service for you.
... more
0 votes 2 answers Share Flag
Tue Feb 17, 2015
Randy Stoker answered:
I believe the Law Offices of Gary Link (http://www.teamlink.com/) handles the foreclosure process as well s they perform eviction services. I have heard good things about Mr. Links's services. ... more
0 votes 4 answers Share Flag
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