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Property Q&A in Temple City : Real Estate Advice

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  • Local Info0
  • Home Buying6
  • Home Selling2
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Activity 16
Sun Mar 15, 2015
wdxie_25 asked:
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This question was asked from this property: http://www.trulia.com/homes/California/Temple_City/sold/4008730-9712-Garibaldi-Ave-Temple-City-CA-91780
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Thu May 17, 2012
Sarah asked:
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This question is about this property: http://www.trulia.com/rental/3058449590--Golden-W-Ave-Temple-City-CA-91780
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Mon Oct 31, 2011
shasha truong answered:
Hello Tam Ta,

Sorry for the delay to respond to your email. The address is 4963 Sereno Drive. Please contact Shasha at 626-893=9617 for more information.

Thank you.
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Sat Oct 29, 2011
Tam Ta asked:
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This question is about this property: http://www.trulia.com/foreclosure/3063110851--Fratus-Dr-Temple-City-CA-91780
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Sat Oct 29, 2011
Tam Ta asked:
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This question is about this property: http://www.trulia.com/foreclosure/3065083565--Baldwin-Ave-Temple-City-CA-91780
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Sat Oct 29, 2011
Tam Ta asked:
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This question is about this property: http://www.trulia.com/foreclosure/3065378416--Willmonte-Ave-Temple-City-CA-91780
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Sat Oct 29, 2011
Tam Ta asked:
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This question is about this property: http://www.trulia.com/foreclosure/3066696814--Golden-West-Ave-Temple-City-CA-91780
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Sat Oct 29, 2011
Tam Ta asked:
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This question is about this property: http://www.trulia.com/foreclosure/3060953624--McClintock-Ave-Temple-City-CA-91780
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Sat Oct 29, 2011
Tam Ta asked:
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This question is about this property: http://www.trulia.com/foreclosure/3059326551--Daines-Dr-Temple-City-CA-91780
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Mon Aug 1, 2011
Camelia Vera answered:
Dear First Time Buyer,
You really need to ask these questions to the City. Find out if they will let you rent it out and if they say yes, get it in writing. But you have to ask yourself if this is what you want to do to your property's status. I would also check with a Certified Public Accountant. who is knowledgeable in the handling of income property. Best wishes.

Camelia Vera
660 W. Huntington Drive, Arcadia, Ca 91007
626-484-4500
... more
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Sat Jul 18, 2009
Ben Nicolas answered:
it means that the property owner is in default with their lender and the lender is making public notice that they are starting the process of taking back the security they have for their loan (the property), which is their legal recourse against a borrower in default

i.e.- they are starting the foreclosure process

M. Ben Nicolas
IET Real Estate
562 353-4484
CA Lic # 01458128
... more
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Thu Jun 18, 2009
Andy Bencosme answered:
Pre-foreclosure is a home that the bank has identified as one that will be foreclosed or one that the bank has just foreclosed on but has not listed for sale yet. The bank usually contacts a Real Estate agent and assigns a home they will have for sale ahead of it being listed for sale. The purpose is to have the agent prepare the pricing and recommend any repairs or other maintenance needs the home may have. The Banks will not sell directly to the someone without first listing it for sale and marketing it appropriately. Banks understand that they can get the best price for a home by exposing it in the MLS and using proper marketing techniques.

If the home is not yet foreclosed, but one the bank has identified as one they will most likely acquire through foreclosure, you would need to contact the current owner. They still hold title and the rights to sell the home until the bank does foreclose. In some cases these are listed for sale. In many cases these would be a short sale, where the owner owes the bank more than the home will sell for and therefore the bank will need to forgive part of the debt in order to complete this type of sale. If the home is not listed for sale, any REALTOR can find out who the owner is and approach them to see what the situation is and try to facilitate a deal.
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Thu Jun 18, 2009
Andy Bencosme answered:
The cheapest home currently listed in the MLS in Temple City is $275,000 and that is a condo. For a Single Family Home the least expensive listed price is $299,000. I looked up that agents listings and found the one pictured. It was listed for $58,500, but is located at 10613 Gorman AV , Los Angeles 90002. It shows as a Pending Sale which means it is under contract. You can view the MLS listing here: http://www.mrmlsmatrix.com/DE.asp?k=2136X1DC2&p=DE-45247996-546 ... more
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Mon Jun 15, 2009
Dyanna answered:
Eva there is no way this house would ever sell for $45,000. The market has crashed but not to this extent. If it seems too good to be true, IT IS!! Also, there are lenders that will allow you to purchase a home without a social security number, with a ITIN, but they require a large minimum down payment. If you are interested please let me know.

Good Luck,
Dyanna
323.359.7992
dyannaavila@hotmail.com
... more
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Tue Mar 24, 2009
Shel-lee Davis answered:
Evelyn:

There was no "great agent" involved in this sale. This was a sale from a Family Living Trust to a member of the family. The house was never listed for sale.

One thing we know for sure, although there are great deals to be had in the market, the ones that look too good to be true usually are. It was heartening to me to see that this was a family transaction and not a foreclosure. Most of the other "great deals" that we see out there are the banks taking back property for the amount of the outstanding loan in a foreclosure proceeding.

If you are looking to cash in on the current market, then your best bet is to work with an aggressive Realtor who will help you scour the homes that are for sale or potentially for sale (people who are behind in their payments and can't modify their loans, people who are moving out of area, people who are going through life changing events, etc. who NEED to sell their home) and uncover the gems. This involves work for both you and the agent, however, it is really rewarding when you can make a great deal happen and create a win-win situation for all involved. Dare to Dream.

Shel-lee Davis
Real Estate Consultant
RE/MAX Palos Verdes Realty
http://shel-lee.listingbook.com
... more
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