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Foreclosure in Temecula : Real Estate Advice

  • All622
  • Local Info39
  • Home Buying255
  • Home Selling17
  • Market Conditions15

Activity 46
Tue Feb 21, 2017
Scott Godzyk answered:
Technically you are still responsible unless they discharged it in bankruptcy. You may want to call your bankruptcy attorney. As far as signing a deed in lieu of foreclosure, just make sure they release you of liability, you may need to have a lawyer review this before signing ... more
0 votes 1 answer Share Flag
Mon Feb 22, 2016
Foreclosures are just a house owned by a bank. If the house has not been thrashed out of spite by the old owner you simply need to write an offer through an agent directly to the bank and financing is available.

If the house is in disrepair you will need to pay cash or obtain a loan that will allow for repairs. FHA has a good program for that the 203K program.

If the house has not been taken back by the lender then you write the offer to current owner.

Many real estate agents can't or wont help you write offers on these as they are not listed with the MLS. As a broker I can help you. If you have a house in mind I do not mind helping you buy it.

Give me a call at 714-968-2500

CA BRE License number 01080071
... more
0 votes 2 answers Share Flag
Sat Jul 18, 2015
Hdroadkingpd answered:
I have to say that you got some bad answers here. If your mortgages were discharged in bankruptcy are no longer obligated to pay on that mortgage and depending on your state, not even taxes. HOA is a different story and as long as your name is part of the deed take out just liability insurance in case someone enters your property illegally or legally, gets hurt then sues you. The ethics and obligation as someone stated before - you took a hit with the bankruptcy - you took the legal route afforded to consumers - there's your hit. Ignore the holier than though "Realtors". ... more
0 votes 6 answers Share Flag
Mon May 18, 2015
That means they have done their research and think the house is worth more than the 1st. otherwise they would not have offered that. To answer your question they would take over the and have to pay off the first. ... more
0 votes 2 answers Share Flag
Wed Sep 17, 2014
Johnny Richards answered:
We have all kind of lots here in Horseshoe Bend, AR here in the heart of the Ozark Mountains I am talking about 100,s of lots so if interested call and talk to Dwight Lufkin 870-670-5388 ... more
0 votes 5 answers Share Flag
Sat Apr 12, 2014
Ray Wright answered:
You just now found out after 7 years ago? Did you not receive any notifications from the second in all this time? Is this your principle residence or is this a rental property you own (your question is about zip code 92592 and it shows you live in Illinois).

Sounds like you may not be able to refinance and you should consider short selling or just selling it outright. The good news is, that you may be able to sell with today's higher values and have a little extra cash. Those may be your only options at this point since it's been so long. Feel free to send me an email and I can run a FREE cost analysis to let you know where you might be in value. Good luck!

Ray Wright
Keller Williams Realty
Direct: 951-888-0865
... more
0 votes 1 answer Share Flag
Mon Feb 10, 2014
Kimmen Torehov answered:
Being a Mortgage Broker and RE Broker, I have never heard of that before. You might want to report them to both State and Federal Bureau of Real Estate and Federal Trade Commission.
0 votes 11 answers Share Flag
Wed Jan 15, 2014
Robin Owens answered:
Mon Jan 6, 2014
Thomas Moser answered:
Mon Jan 6, 2014
Kevin and Julie McLaughlin answered:
Sun Aug 18, 2013
Ray Wright answered:
Yes, I'm with Kevin. Thank you for the update.
0 votes 14 answers Share Flag
Fri Jun 21, 2013
Gail, you may qualify for conventional financing with 20% down. Because it's been more than two years since your foreclosure.
It will take a thorough review of your documentation because your eligibility in large part is considered whether the foreclosure/bankruptcy was due to circumstances beyond your control.

No one can give you a definitive answer without reviewing all your documentation.
Check out the web reference below to get more information.
Good luck!
... more
0 votes 5 answers Share Flag
Tue May 21, 2013
Eli Givoni-Short Sale Dept LLC answered:
I don't understand the question. Feel free to call and clarify.

Eli Givoni
Short Sale Department, LLC
0 votes 7 answers Share Flag
Sun Mar 24, 2013
Susan Vanderburgh answered:
Have you found someone to fulfill your real estate needs? If not, please feel free to contact me anytime. Real estate investment is my specialty and I've bought and sold REOs and short sale properties. The market is hot! ... more
0 votes 8 answers Share Flag
Sun Mar 24, 2013
Susan Vanderburgh answered:
Yes, but it will be a process if you go the traditional route. What type of down payment do you have? Are you interested in Murrieta only or are you open to surrounding areas? The ideal option for you is to build your capital with buy and hold if you could. Waiting for the bk and foreclosure to not make a significant impact will be too slow and you will be falling behind the market if you did that.

I can help you if you have 35% of the sale price. I also have access to private money for rehabs/flips/holds.
... more
0 votes 4 answers Share Flag
Sun Sep 30, 2012
Susan Vanderburgh answered:
It sounds like you have other concerns. I am not an attorney but I trained as one and I have worked on discharges, confirmations and affirmations. Short answer is you may keep what you pay for. Creditors have rights to protect their interests.Remedies differ. Feel free to contact me directly. ... more
0 votes 6 answers Share Flag
Thu May 17, 2012
brettmcfate answered:
Actually, I think the investor is his brother. Not sure if the bank knows this or not. Ugh!
0 votes 8 answers Share Flag
Sat May 12, 2012
Ray Wright answered:

As agents, we always answer questions here on Trulia and rarely hear back the outcome of the situation. Please post an update here to let us all know how things turned out for you! Thank you!

Ray Wright
Realtor/Certified Pre-Foreclosure Specilaist
Keller Williams Realty
Direct: 951-354-1303
... more
0 votes 20 answers Share Flag
Sun Apr 15, 2012
Garrigus Real Estate answered:
You need to find an experienced short sale agent. Short selling would be the best option for you at this point.
0 votes 12 answers Share Flag
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