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Foreclosure in Tracy : Real Estate Advice

  • All469
  • Local Info34
  • Home Buying222
  • Home Selling10
  • Market Conditions19

Activity 34
Wed Jan 4, 2017
Sescott1031 asked:
They have caused water damage to condo below, HOA will not evict them even though they have broken every by-law and the rules and regulations. Can they evict them now before auction?
0 votes 0 Answers Share Flag
Fri Jul 31, 2015
Rocky G.H. Hawrysz answered:
Simply contact a Realtor. A good Realtor will have the resources to provide this information within a few minutes.

Let us know if you have any more questions.

Rocky G.H. Hawrysz

Berkshire Hathaway Home Services
... more
0 votes 2 answers Share Flag
Thu Jun 18, 2015
What is the address?

I do not check replies, so if you have a comment or question email me here:

Alex Greer
Loan Officer
NMLS #1056079
... more
0 votes 1 answer Share Flag
Thu Jan 8, 2015
RonS answered:
You didn't ask a question. Assuming here still owe them regardless of whether you think you do or not. You have no legal liability to them any longer but, if you don't pay them, they still retain the lien and could foreclose. ... more
0 votes 3 answers Share Flag
Thu Jan 8, 2015
RonS answered:
The owner is liable but, a short sale would have covered tax liability. It would be on the HUD. Title/Escrow would have taken care of it at closing. If the lender that approved the short sale is the same lender asking for "Proof", i'd tell them to get bent and tell them to go back and read their own HUD that they approved (and had to approve) prior to closing.

if it didn't get paid, i'd also tell the lender "You pay it". Asking for ANY money after a short sale would make the lender subject to penalties for violating anti deficiency laws in California.
... more
0 votes 1 answer Share Flag
Sat Mar 23, 2013
Taj Weldon answered:
Hi Schmidgolfer,
The Realtors below are correct.Private Mortgage Insurance is for the lender's benefit.It protects them from your default.
If you allow the home to foreclose it will have an impact in more waysa than one.
There are better options to foreclosure.It may seem like the other options are not worth the effort but in the long run you will be glad that you put forth the additional effort.
IF you would like to discuss options to foreclosure please feel free to call or email me.

Thank you,
Taj Weldon
DRE 01816152
Connect INC.
... more
0 votes 12 answers Share Flag
Wed Oct 31, 2012
The Medford Team answered:
If you owe more than the home is worth, it will be a short sale. Most lenders will cooperate with a short sale.
0 votes 2 answers Share Flag
Sun Aug 19, 2012
Bs answered:
Hello Vaqas:

Would you please elaborate "90 days before you sell an investment property in California"? Are you talking about FHA-90 rule? Or you mean: CA has 90 anti-flipping clauses for all investment buys(short sale, REO, etc.)? Thank you again! ... more
0 votes 3 answers Share Flag
Thu Mar 22, 2012
Laura Coffey answered:
Find out if your Realtor has a broker they hang their license with. You can have the broker oversee the transaction to make sure you are protected.
0 votes 9 answers Share Flag
Fri Oct 7, 2011
Tory answered:
I know there is but I can not locate the card I was sent to file. If you get further info please forward.
0 votes 3 answers Share Flag
Sun Jan 2, 2011
Reuben Pacheco answered:
Great question. The simple answer is not all agents are created equal. With that being said the likely story is that the agent that listed the property may not have subscribed to a 3rd party vendor like Zillow to promote themselves or their listing and would therefore, only reflect in their local mls. ... more
0 votes 6 answers Share Flag
Fri Oct 8, 2010
Cindy Mello answered:
Just so you know, the foreclosure
Auction date is set for 11/17/10. Seen it was listed, but pulled off market on 10/5. Looks like he was trying to do a short sale. Hope this helps! Thanks, Cindy ... more
0 votes 1 answer Share Flag
Tue Oct 5, 2010
Melissa answered:
I there a class action law suite against United Law Group?
0 votes 10 answers Share Flag
Mon Aug 9, 2010
The Medford Team answered:

Play nice.

As for the comments about deleting posts, if a post has misleading information, then the one who posted the comment can delete it. In fact, this is probably a good idea, since snippets of information can cut and pasted and used out of context.

Trulia also deletes comments that they feel are not in the best public interest or represent the values of this site.
... more
1 vote 15 answers Share Flag
Sun Mar 14, 2010
Joanna Jensen answered:
Hi KH,
You may have options. Depending on a few things.
Do you still have income?
If your loan were reduced to the current market value at a fixed rate could you afford the payment?
If your first loan more than 31% of your gross income?
If you prefer to stay in your home than you have to put time and effort into it but lenders are doing loan mods, reducing interest to 2%.

I am happy to talk to you about how to fill out your loan mod paperwork.
Some realtors dont do loan mods because it does require a lot of time negotiating with the bank.

JoAnna Jensen
Legal Realty
Loan Modification, Principal Reduction
Short Sale, Debt Negotiation

... more
0 votes 6 answers Share Flag
Thu Mar 11, 2010
Keith Manson- Metro Milwaukee Wisconsin answered:
If your in third position, I am assuming there is no equity in the property. If there is no equity I would dicuss your options with a Real Estate attorney for filing a judgement and pursuing the judgement after foreclosure. If there is equity I would check with a trustee that does foreclosues to see what you can do to put you in a better position. But , keep in mind that , you have to payoff the other loans and any foreclosure is subject to the other liens.

Good Luck

Keith Manson
First Weber Group

Certified Distressed Property Expert

Metro Milwaukee
... more
0 votes 4 answers Share Flag
Sat Sep 26, 2009
Joanna Jensen answered:
Hi Marlene,
the $8,000 deposit is to protect the homeowner. You need to make sure you do want the Option of buying the home before you even think of doing the paperwork. there are a lot of ways to do this type of agreement.

You can negotiatie that you get the tax write off. Also you can make the payment directly to the lender so that way you know they wont foreclose. And if they do file bankruptcy that doesnt mean they loose the home.

A lease option makes much more sense for a homeowner than a traditional lease. Sometimes people who lease a home dont take care of it like it is their home. If you put a down payment you are more likely to think of it as yours.

Yes if you do not use the Option to buy you loose your option money. But all of these things are negotiatble. You can have your own realtor help you with your part of the lease. Its not a bad idea for someone who cant qualify right now for a loan. also you should be able to tie in a good purchase price in today market. so essentially you make an offer to but a home with todays known price, however you dont have to qualify for the loan for a few years. It could be a win win all the way around.

If you need help, feel free to call.

JoAnna Jensen
... more
0 votes 3 answers Share Flag
Sat Sep 26, 2009
Jesse Sierra answered:
Usually after the notice of default it's 3 months and 21 days to get a Notice of trustee sale. But, it might take longer, some files are in limbo.
Talk to a real estate attorney to see what your tax or credit consequences will be.
I agree with Grace. Also, check out the HUD site

Wishing you the best,

Jes Sierra, B.Sc.
... more
0 votes 7 answers Share Flag
Thu Aug 27, 2009
Bill Eckler answered:

The borrower owns the property until the foreclosure is executed. Once this is accomplished the bank assumes full ownership and can create the destiny for the property.
0 votes 4 answers Share Flag
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