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Foreclosure in San Francisco : Real Estate Advice

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  • Home Buying1K
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Activity 134
Tue May 26, 2015
Robert Krop answered:
Never say never, but its probably not likely.
0 votes 2 answers Share Flag
Tue May 26, 2015
Robert Krop answered:
Well, for any professional to better help you, it better for them to have a way to contact you.
0 votes 4 answers Share Flag
Wed May 20, 2015
Cindy Davis answered:
On the foreclosures, the amount you are seeing is likely to be the amount owed by the homeowner to the lender.
0 votes 1 answer Share Flag
Thu Apr 2, 2015
ttassano asked:
Property sales tax foreclosure.
Property was originally sold on a owner contract. Buyer failed to pay property taxes. When sold at auction will the OWNER (not the buyer) be paid back? No…
0 votes 0 Answers Share Flag
Wed Apr 1, 2015
answered:
No if they buyer allows the property to be sold at auction, the buyer will lose out completely,
The buyer needs to take quick action and pay off the taxes, and buy out the property.


This is a tough deal, have the buyer call me I can help you with this.

714-968-2500
... more
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Mon Mar 23, 2015
RonS answered:
There is no money as the foreclosing entity does a "Credit Bid" meaning, no actual cash bid is being done by the foreclosing entity. That is, there is no money unless there is a 3rd party bidder. If the lender forecloses and no one else bids, the property, not the money, goes back to the lender free of any encumbrances BEHIND their lien. If a 3rd party bidder is the winning bidder, the money goes to the lender that foreclosed and THEN to any other junior lien holders and finally, if anything is left over after that, the money goes to the person that was foreclosed on. ... more
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Mon Feb 2, 2015
RonS answered:
You no longer own it but, are still responsible for the liability. There is no incentive for the senior lien holder to do anything as they are getting paid by the purchaser at foreclosure sale on the junior lien. They are entitled (Purchaser) to do this as a protective advance to the senior lien holder.

I'm not sure what an attorney is going to do for you considering it doesn't sound like anything is wrong. You lost it and someone came and bought it and is paying on your mortgage. Maybe the'll improve your credit with their payments? (Joking).

If they stop paying, the senior will foreclose and wipe them out. Yeah, it sucks for you to have this go on for so long but, that's a risk you take when you lose a home in foreclosure.
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Mon Jan 26, 2015
The Graveline Group answered:
Andy, browse under the agent directory and find yourself a local Realtor to work with. That is what trulia is ultimately all about. Find a well reviewed Realtor you are comfortable working with and have them be you one point of contact for everything real estate related. Realtors adhere to a strict code of ethics which offers you consumer protection as well as piece of mind. Good luck! ... more
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Sun Jan 11, 2015
answered:
Are you an all cash buyer?

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
... more
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Mon Jan 5, 2015
Randall Ortiz answered:
Do you have an address for the property? You can contact me directly if you still need help with this.
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Sun Aug 3, 2014
Bill Eckler answered:
Are you a buyer or a seller? Most agents that "specialize" in foreclosures do so from the seller's standpoint. As a buyer, the agent you target should be one that knows the entire local real estate market. Not just the distressed sector.

Additionally, buyers should have their own professional representation. If you use the listing agent you essentially elect to use the agent that all ready has a relationship with the seller. This may not afford you the type of representation you require....especially if you are seeking value.

Just keeping it real!

Bill
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0 votes 3 answers Share Flag
Tue Jul 1, 2014
Ryan Rudnick answered:
Hi Sudhir,

Hope you're home hunt is going well. I just wanted to check in and make sure you got my e-mail. Feel free to contact me via e-mail or phone if you have any more questions!

-Ryan
... more
0 votes 3 answers Share Flag
Mon Apr 14, 2014
answered:
Hi Alison,

There's been many that have responded with various points for you. The point I will make is that the person that is loosing their home needs to take a serious look at why they got into that position. More likely than not, it's not a situation that will improve. The faster that person contacts their bank to work it out, the more options they will have, versus waiting.

If one is not currently delinquent on their home and has made the past six months of mortgage payments on time, there's the Home Affordable Refinance Program, intended for homeowners that owe more than the value of their home.

If the interest rate is high and they need a lower payment, it's best to consult with a mortgage consultant to see what's available.

If that person needs help, I can be reached at 925-349-2179.

All the Best!
... more
0 votes 9 answers Share Flag
Sat Mar 29, 2014
Carey N Miller answered:
Hi Mary! I agree with the other comments here, the $65k price is either inaccurate or misleading. I just ran a quick search in that same zipcode for 2-4 unit buildings and there are 5 listings ranging from list prices of $524,900 - $1,300,000 with a median price of $549,000. Hope this information is helpful! Email me if you're interested in further detail.

carey@citypointrealty.com
... more
0 votes 4 answers Share Flag
Thu Mar 20, 2014
Robert Krop answered:
Either one will be able to help you. The best thing to do is ask the agent/broker on their experience with foreclosures. If they don't have experience working with foreclosures it would be more beneficial for you to find an agent/broker who does have that experience. There is a lot to look out for when purchasing a foreclosure and that agent needs to be able to know how to look for that and have the right contacts to help you when even doing your inspections prior to purchasing. ... more
0 votes 11 answers Share Flag
Mon Mar 3, 2014
Jason Walter answered:
Hi Jim,

If you post the link to the property you are referring to, we will be able to answer your question. Or you can post the address and a Realtor can look it up for you.

If you are looking for a place to buy in SF, I have a great Realtor that I work with. I work in the Sacramento area but I referred a client to her and she found a great home for my clients (they bought a house earlier this year). If you like, I can forward her contact information to you. ... more
0 votes 7 answers Share Flag
Thu Dec 19, 2013
Oggi Kashi answered:
Did you see an ad from RealtyTrac? If so, it's not for sale.

Oggi Kashi
Broker Associate, Paragon Real Estate Group CA BRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted. truonly ... more
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Mon Nov 25, 2013
JR Thrasher answered:
The best I can tell this home is not for sale. Trulia has a strange way of listing foreclosures that is somewhat confusing. I recently wrote a blog about finding foreclosures on Trulia. I'll put a link to it in the web reference below. That should answer all of your questions.

J.R. Thrasher
www.SanDiegoRealEstateVeterans.com
619-929-0105
... more
0 votes 3 answers Share Flag
Wed Oct 30, 2013
Lizete Santos answered:
Hello Suki,

Foreclosures are rather few in far between in SF and when they do come on I've found that investors purchase them right away. There are short sales that come up from time to time so you may have an opportunity in that area.

If you have any other questions feel free to contact me.

Regards,
Lizete
... more
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Tue Oct 22, 2013
Gabrielle Dahms answered:
Hi,

Please know that you are on a site where real estate professionals answer your questions versus the site itself. That said, it is unclear what exactly you are looking for and with whom.

Perhaps start with asking your agent to educate you about foreclosures and the possible opportunities with them. Should you be looking for foreclosures in San Francisco, there are fewer now and they often do not represent the deal a buyer is looking for. Clarity on what you wish to achieve will go a long way.

Foreclosures generally show up alongside other listings on the MLS.

For additional information, please go to my website at www.sanfranciscoresidentialhomes.com or call me at 415-200-7202.
... more
0 votes 9 answers Share Flag
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