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Foreclosure in Woodland Hills : Real Estate Advice

  • All94
  • Local Info5
  • Home Buying27
  • Home Selling1
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Activity 7
Wed Jan 12, 2011
Sara Mehrpouyan answered:
I specialize in foreclosures and short sales.

Please visit and

My woodland hills real estate website is

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Wed Jan 12, 2011
Sara Mehrpouyan answered:
Hi Mike

Sorry for your loss. You should definitely speak with an attorney. If you need assistance from a realtor, then feel free to contact me.

Sara Mehrpouyan CDPE
Rodeo Realty
Woodland Hills Real Estate
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Tue Aug 17, 2010
Janey Bishop answered:
I agree that it worth trying to negotiate with the HOA. The fees and penalties have been accrued by the previous owner and it is in their interest to get a responsible owner and the account paid to date. They probably won't negotiate the dues but may help on the penalty and fees. ... more
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Thu Jan 29, 2009
M Soliman answered:
Outstanding question.

Another lender caught in the act and in a scam against the homeowners of the United States of America. Give the man double thumbs up (I am so close to being kicked out of here - its funny, all I wanted to do was help spread the word)

Lender is not a lender, got that! The lender is a broker and set up to originate and aggregate! Lender is paid to originate. The real lender is MERS (What! ! ! ! ! ! ) Thats right - only $29 dollars and your lender is MERS. Flip your finger at the regulatory disclosures against business combinations. Its lender make the rules time.

Now its Foreclosure time - Servicer says "before we can help you Sir you must be 60 days down" What the funk! As JFK would say "Let me say this about that". You see the lender who sold the loan and who now is foreclosing (say what!) wants to avoid the repurchase. No way man...foreclosure after 60 days is a foregone conclusion 90% of the time - and you know what? NO MORE RECOURSE SO TAKE EM DOWN AND OUT! FORECLOSURE TIME SUCKKAR!


So now it's the night before Christmas and all through the house are the sounds of a family breaking apart once and for all thanks to a lender whos chairman got a $25 million bonus and whos earnings were in the billions last year. It foreclosure and sale time.

So if a lender takes back the house as we know they do in foreclosure - wazzz up with the "sale back " you ask? Its the Tide talking stain! Heppp. oppp waaa booo pawww ! Make sense?

Overcollateralization is that insurance covering gap loss on trustee sale (please its not even a trustee!) That coverage kicks in only in a foreclosure. The servicer for the broker or lender - its partner - get hugola bonus by steering the loan into a foreclosure (Whewwww!) where the lender or broker I mean can side step its recourse and not take a loss. Vegas Casinos in Calabasas, California Winner

So the lenders here are likley executing a sale by trustee on one date and not recording the close untill it "flips" it back to the trustee for the pass through investment. Its what you and I would go to jail for! now am I sure of whats going on .....well maybe the serviers are so busy they forgot right!


Check out the taxes remaining unpaid on all these properties months after closing .

Whzzz Upppp!
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Sat Jan 10, 2009
M Soliman answered:
" I consider you to be working against the economy and challenge you to do something productive to help the economy".

1) I don’t read CNN (those are last night’s headlines . . . CAN YOU BELEIVE IT?)
2) I love to stall your Cash for keys programs
3) I help A few of the Millions of Americans SOLD 100% CLTV properties . . .BY ?
4) I defend borrowers in court against Realtors there with the Trustees to fight the UD
5) I even testify in matters involving MOVE OUT THREATS UNDER COLOR!
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Fri Dec 12, 2008
BOB Khalsa answered:
My office specializes in San Fernando and Santa Clarita Valley and I have two agents who are competent in REO sales in the given area.

Remember, in REO sales there are very few disclosures available for you to judge the condition and history of the property since the Seller (Bank) has no personal knowledge. Thus it is important that you work with an agent who thoroughly understands the process of the sale. Banks typically give you a very restricted time frame under which you have to conduct your inspections and decide whether to go ahead with the purchase or cancel the transaction without forfeiting your deposit. The problem with this short time frame is that you also have to get a loan approval from your lender before you can remove all contingencies: this is where most transactions stall. Lenders have become more meticulous in examining a borrower's financials as well as assessing the property value and condition. Your agent must be able to recognize red flags during the transaction and advise you accordingly in a timely manner.

You definitely need to interview agents before making your selection. Contact me if you would like to proceed ahead.

Bob Khalsa
Broker Owner
United America Realty
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Mon Aug 25, 2008
David Krecker answered:
I would also entertain strongly looking for other properties. I am a state licensed appraiser also and what I see is a continuing slide in values down which the lenders are trying to avoid by delaying accepting offers that are low. The lenders are the ones that created this mess, so as a buyer don't jump back in and get duped. Make sure your offer makes sense by working with somone who really understands the current market. Contact me and I can let you know what I see the property is worth. But shop around...., be ready to move on...,.

David Krecker, BSBA, SRA, MRA
Centuryside Real Estate Inc.
David Krecker
Broker/Owner/State License Appraiser
Office 562-690-6987
Fax: 562-690-7337
Serving the areas of Orange County, Los Angeles County, San Bernardino, and Riverside.

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