Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Foreclosure in Sacramento County : Real Estate Advice

  • All148
  • Local Info12
  • Home Buying88
  • Home Selling6
  • Market Conditions3

Activity 308
Sun Sep 29, 2013
James Tan answered:
Hi Arminder,

Following through Sue's excellent answer, the best source of information on a property that is in foreclosure is actually at the sacramento clerk recorder's office and the assessor's office. Here you can search for any possible liens that are on the property. At the assessor, you can get information such as the owner's name and address, the property info, etc. There are also websites that you can subscribe to get more information on a foreclosed property. I have to caution you that IRS, FTB tax liens are not extinguished by a trustee sale. Also, a trustee sale may be initiated by a second lien holder, in which case, the buyer still has to pay off the first lien holder.

As you can see, there are a lot of issues that one would possibly have to deal with when buying at the court steps. Nowadays, there are a lot of people (professionals) out there buying at the court steps. The difference in price is no longer significant.

If you are looking for a reasonably new home in elk grove, I would suggest it is better to just buy through an agent on the MLS. The risks are much less, you can do inspections, and you have contingencies, etc.

Let me know if you need any further info,

James Tan
bethany real estate
916 230 5250
... more
0 votes 7 answers Share Flag
Sun Sep 29, 2013
Randall Yates answered:
It's a waiting game, you should be looking at back up homes in the event your offer is not accepted.
0 votes 11 answers Share Flag
Fri Sep 20, 2013
Michele Wilson answered:
Are you the owner or a tenant? The rules are different, but in either case you will need to vacate at some point for the new owner.
0 votes 2 answers Share Flag
Wed Sep 11, 2013
JR Thrasher answered:
I wrote a blog about "Finding Foreclosed Homes on Trulia" just last week. I'll put a link in the web reference. That should answer all of your questions.

J.R. Thrasher
www.SanDiegoRealEstateVeterans.com
619-929-0105
... more
0 votes 2 answers Share Flag
Wed Aug 21, 2013
Jaime Becker answered:
As long as you are living there then rent is due. You do have rights as a tenant even after is forecloses. The bank can either take it back or someone else like an investor can pick it up at the courthouse sale. ... more
0 votes 4 answers Share Flag
Tue Aug 20, 2013
Tammydee43 answered:
how long do i have to get out of my house after it goes to court for the forclosure in Louisville, Ky.
0 votes 11 answers Share Flag
Fri Aug 16, 2013
Alexander Greer answered:
I was just looking through old post and I noticed yours. If you were not able to refinance at the time of the post, I can certainly help you out now. You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.

Alex Greer
NMLS #1056079
... more
0 votes 10 answers Share Flag
Thu Aug 15, 2013
Alexander Greer answered:
I was just looking through old post and I noticed yours. If you were not able to refinance at the time of the post, I can certainly help you out now. You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.

Alex Greer
NMLS #1056079
... more
0 votes 4 answers Share Flag
Thu Aug 15, 2013
Alexander Greer answered:
I was just looking through old post and I noticed yours. If you were not able to refinance at the time of the post, I can certainly help you out now. You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.

Alex Greer
NMLS #1056079
... more
0 votes 4 answers Share Flag
Thu Aug 15, 2013
Alexander Greer answered:
I was just looking through old post and I noticed yours. If you were not able to refinance at the time of the post, I can certainly help you out now. You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.

Alex Greer
NMLS #1056079
... more
0 votes 11 answers Share Flag
Thu Aug 15, 2013
Alexander Greer answered:
I was just looking through old post and I noticed yours. If you were not able to refinance at the time of the post, I can certainly help you out now. You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.

Alex Greer
NMLS #1056079
... more
0 votes 10 answers Share Flag
Thu Aug 15, 2013
Alexander Greer answered:
I was just looking through old post and I noticed yours. If you were not able to refinance at the time of the post, I can certainly help you out now. You can call me at 408-352-5147 or email me at AGreer@themortgageoutlet.com. You can check us out at http://www.TheMortgageOutlet.com. I will look at your situation and present you with some options.

Alex Greer
NMLS #1056079
... more
0 votes 14 answers Share Flag
Thu Aug 8, 2013
lorreality answered:
Perfect Call me if I can be of any assistance 916-719-4008. Villa Group Real Estate
0 votes 7 answers Share Flag
Tue Jul 23, 2013
Michele Peterson answered:
Were you able to get your question answered?
0 votes 1 answer Share Flag
Mon Jul 15, 2013
Eddie Martini answered:
You may need to document why you are canceling but as long as it is within the set time frame (Usually 10-15days for HUD properties) allowed for inspection of property and further establishment of your loan both of which are contingencies to your contract you should be able to cancel without penalty.

DRE#01324382
EM
... more
0 votes 6 answers Share Flag
Thu Jul 11, 2013
Jim Walker answered:
I have nothing to add. The previous answers were so good and thorough. I just had to give them all thumbs up.
0 votes 12 answers Share Flag
Thu Jul 11, 2013
Jim Walker answered:
Here are numbers from Trulia’s arch nemesis Zillow:
I make no claim for Zillow’s accuracy. Au contraire, I speculate that Zillow’s numbers are wildly inaccurate. On the high side. Cut Zillow’s percentages in half, then you probably then have the right percentage.
Roseville 95678 48% underwater 6% delinquent.
Roseville 95747 34% underwater 7% delinquent.
Roseville 95661 32% underwater 7% delinquent.
Rocklin 95677 37% underwater 6% delinquent.
Rocklin 95765 33% underwater 7% delinquent.
Granite Bay 95746 15% underwater 8% delinquent.

You notice an anomaly here? The fewer homes underwater percentagewise, the higher the delinquency rate?
Follow that anomaly to its illogical conclusion, one could claim that 0 % underwater would result in 9% delinquency and 100% underwater would lead to low delinquency. That would be very wrong, of course. For more fun with useless numbers, the link is below.


http://www.zillow.com/visuals/negative-equity/#10/38.7487/-121.2843
... more
0 votes 9 answers Share Flag
Wed Jul 10, 2013
Sue Archer Reynolds answered:
I believe the foreclosure process takes the same in all states...a total of 111 days. But understand this, by not paying your mortgage gives the lender the OPTION to foreclose. That foreclosure proceeding can take a minimum of 111 days but the lender can choose to delay it or not do it at all. In California statistics show the average foreclosure is 335 days.
Someone once asked if they could 'compel' the lender to foreclose. No, you can't. You have liability on the property until such time that the lender CHOOSES to execute their foreclosure option. Until such time, if someone trips or falls, you are liable. If your county or city files penalties against the property for it not being maintained you are liable.
With all of the options available, why would you not short sale the home instead? Take control of the timing of the process, have better results in terms of its affect on your credit, job opportunities and peace of mind, and be able to move on without fear of further collections from unpaid billings during the time that you owned the property. In a short sale, all bills are cleared. Go to AskSueArcher.com for options available to you. Good luck.
... more
0 votes 2 answers Share Flag
Wed Jul 10, 2013
Jim Walker answered:
The zip codes for Plymouth, Minnesota are: 55446,55442,55447,55441.
This question was placed into the wrong zip code in California
0 votes 1 answer Share Flag
Wed Jun 19, 2013
Jim Walker answered:
This is my opinion, not insight: Buying RE at auction is risky. Buying without a title search and title insurance is riskier still.
0 votes 2 answers Share Flag
1 2 3 4 5 6 7 ...
Search Advice
Search

Followers

226