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Foreclosure in Solano County : Real Estate Advice

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  • Home Buying9
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Activity 61
Wed Apr 20, 2016
Alexander Greer answered:
What is the 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
... more
0 votes 1 answer Share Flag
Sun May 17, 2015
Mmariemartel.1 answered:
I know. Happened to me. How many mortgage companies changed hands before they came to your sister? I want to help others avoid what we went through. My Mom's house was also appraised higher. ... more
0 votes 6 answers Share Flag
Fri Feb 13, 2015
answered:
puedo hablar poco. Me gustaria tratar ayudarle
0 votes 1 answer Share Flag
Sat Feb 22, 2014
Shel-lee Davis answered:
If you are the former owner and are asking how much time you are likely to be able to stay in the house, then that depends on who acquired your home at the auction. In some instances a third party, either investor or someone who actually wants to live in the house, acquires the property. More often than not, however, the bank takes the property back. Of the 3 foreclosures in Fairfield yesterday, 2 were sold to a 3rd party and one was taken back by the bank. New buyers and investors tend to move more quickly on getting you out than the banks.

If the sale was done yesterday and you are the previous owner, you now no longer own the home, so I think that technically by law you are trespassing on the new owner's property. You are fortunate because, back before this housing crisis and all the new laws to protect home owners who stopped making their mortgage payments and were foreclosed upon by their bank, the new owner would just come out on the day they acquired the property and change the locks. Someone should be contacting you soon and negotiating with you to move out. If you are the prior owner they will serve you with a 3-Day Notice. If you are a tenant then you might be able to stay for the rest of your lease term or 90 days, whichever is greater. This is not legal advice. I recommend that you speak with an attorney familiar with this area of law and find out your rights.

It is always difficult when you lose your home. Hopefully, the new owner will be willing to work with you while you find a new place to live. Good Luck.

Shel-lee Davis BRE #01817412
Real Estate Consultant
International Real Estate Specialist - IRES®
Senior Real Estate Specialist - SRES®
Certified Home Seller Advisor - CHSA®
Certified Home Buyer Advisor - CHBA®
Member - National Association of Certified Expert Advisors - NAEA®
Certified Distressed Property Expert - CDPE®
RE/MAX Estate Properties
424-2HELP12 (424-243-5712)
myrealestateanswers@gmail.com
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1 vote 2 answers Share Flag
Sun Aug 18, 2013
Lisa Jonsson answered:
It depends on a number of factors. There are new laws that protect you, but several things can come into play such as, is this your primary residence, how many loans are on the property, and so forth. You may want to discuss all the details with a real estate attorney. There are some pre-paid legal services that are very reasonably priced that can answer your question in detail without breaking the bank. ... more
0 votes 14 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 5 answers Share Flag
Thu Aug 1, 2013
Sameer Punjani answered:
Hello

John is right, there is nothing active on Applewood, but here are some active / pending / sold properties within a 1/2 mile radius of Applewood. Take a look at any of the active ones and let me know if you need further info.

http://norcalmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Bareis&PRGNAME=MLSLogin&ARGUMENT=7ZVVg5CzMts9EGZpGzx6OkiZAuX%2BnOMBkJg0jQeJg24%3D&KeyRid=1&Include_Search_Criteria=on&CurrentSID=198525380&isPreview=Y&Include_Search_Criteria=on

Thanks

Sameer Punjani
Broker / Owner
mygpsAgent.com
... more
0 votes 2 answers Share Flag
Mon Jul 1, 2013
Lyndalisious answered:
I think I was the winning bidder to 203 Morton street how do I find out
0 votes 3 answers Share Flag
Wed Mar 27, 2013
Mariam Khugiani answered:
Your probably looking at the Pre-foreclosure list,
Some will come up as foreclosures, some will end up at auction, and some will end up as a short sale or loan modification...
0 votes 3 answers Share Flag
Tue Feb 12, 2013
michelle.pruitt23 answered:
is this house under foreclosure, 13 Inconnu ct, Kissimmee, fl
0 votes 7 answers Share Flag
Fri Feb 1, 2013
Ron Thomas answered:
According to the TENANT'S RIGHT ACT, the new owners have to honor your rental or lease agreement:
If you have a LEASE and there is 10 month's left on it; they cannot evict you.
If you are on a month-to-month; you will have 30 days from their date of Notice.
GOOGLE; tenants rights act, and read it.

You may also be visited by a Realtor, offering moving money, in exchange for not trashing the place: You won't get the money until after to have moved, but there should be a contract.

Good luck and may God bless
... more
0 votes 2 answers Share Flag
Wed Oct 24, 2012
Kim Glass answered:
Looks like there are more answers in a duplicate thread, here:
http://www.trulia.com/voices/Foreclosure/Live_in_Benicia_CA_on_Capitol_Drive_I_am_renting-422193

Hope that helps!
-Kim, Community Manager ... more
0 votes 4 answers Share Flag
Sat Aug 18, 2012
Rick Dillion answered:
It is my belief that the HOAs have too much power in California. I highly recommend that you contact a real estate attorney and for others who may be in a similar situation,, pay your HOA dues first.
Rick
... more
0 votes 2 answers Share Flag
Sat Aug 18, 2012
Rick Dillion answered:
Perhaps you should try a short sale which could stop the foreclosure process although it is a bit late. it may be worth it.
Rick Dillion, Broker Associate Realty World Silverado in Benicia. ... more
0 votes 3 answers Share Flag
Mon Jul 30, 2012
Terri Vellios answered:
This sounds like a legal question. Not knowing your contract we really can not advise. If you have a lease just because your landlord has a foreclosure action doesn't mean you can breach a contract you have with him.

It sounds like you are doing your due diligence in researching.

I recommend you call a local real estate agent to help you. Understand, that without a signed written authorization from the owner to his lender, the lender most likely will not communicate with you.

All the best to you.
... more
1 vote 1 answer Share Flag
Sun May 27, 2012
John Arendsen answered:
Could be that perhaps the distressed property inventory is drying up in that neck of the woods or banks have re entered it back into shadow inventory for some reason. There's still about 5.5 million homes remaining in the shadow and it's hard to second guess what banks have on their minds from one day to the next.

But then again I'm a San Diego RE broker just taking a guess at it. You may get some more accurate responses from some local RE professionals. I'm just calling it from my local market perspective and I could be totally off base in that area. Good luck
... more
0 votes 1 answer Share Flag
Wed Jan 4, 2012
Shel-lee Davis answered:
Antoinette:

I also believe that Ron's answer is incorrect. From what I have been told there is only one case where this would hold true, and that is if the 2nd was a "purchase money" loan.

What many people do not understand is, when you borrow money to buy a home you sign two documents: (1) A note - which is a promise to pay and (2) A Deed of Trust - which is a pledge of your home as collateral for the promise to pay and creates a lien against your property. In a foreclosure, all junior liens are wiped out, but not the note. So the promise to pay stands even though the collateral no longer belongs to you.

You need to contact an attorney to find out if you actually owe this money. If you do, you might be able to negotiate a settlement with the lender for significantly less than what is owed. If you would like a referral to a great attorney, or if you want to discuss the specifics of your situation further, please feel free to contact me directly.

Good luck and Dare to Dream.

Shel-lee Davis, QSC®
Certified Distressed Property Expert – CDPE®
Short Sale & Foreclosure Resource – SFR®
Certified HAFA Specialist – CHS®
SSG Pro®
Your Real Estate Consultant for Life
RE/MAX Palos Verdes Realty
424-2HELP12 (424-243-5712)
myrealestateanswers@gmail.com
http://shel-lee.listingbook.com
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0 votes 6 answers Share Flag
Fri Dec 16, 2011
Dorene Slavitz answered:
Dear Arrrington,
Some large brokerages have "pocket listings" those are homes that are for sale, but not listed. Coldwell Banker is one of them, but I'm sure there are others. If you contract with a good buyer agent, your agent will find what you are looking for! ... more
0 votes 12 answers Share Flag
Fri Dec 16, 2011
Jean Bennett answered:
The Short Sale MUST take place before the foreclosure process; if this has already gone into foreclosure it will be highly unlikely you would be successful; the best thing to do is have the cash in place and make a bid at the Foreclosure auction. Or wait untilthe mortgage company / bank owns it and then go to them and make your offer. Be prepared to have a loan in place ready to pay into escrow immediately or have cash. ... more
0 votes 6 answers Share Flag
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