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Home Buying in Wrigley : Real Estate Advice

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  • Local Info1
  • Home Buying5
  • Home Selling0
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Activity 5
Wed Sep 10, 2014
Joe Mendez answered:
The Wrigley neighborhood is a nice neighborhood. It has lots of charm and character and it is nicely situation to the 710 Freeway and 405 Freeway, which can be a big plus if you have to get on both of those freeways to get to work.

I feel it has a mixed and somewhat eclectic feel to it. The people are very mixed and the neighborhood also changes depending on where in Wrigley you decide to buy. I have sold several houses in that neighborhood and my clients are quite happy with their purchase.

Definitely the homes and neighborhood improves when you keep moving North beyond 21street and beyond Willow.

Homes are also affordable. And tend to increase in value substantially if you make some nice improvements with the years you spend there.

If you have any questions or want more info, give me a call and or visiting my website.
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Tue Apr 16, 2013
Alex Montelongo Real Estate Group answered:
Your friend may be referring to the CHF Platinum, Chfa or SCHfa Down Payment Assistance programs. In the past two years each of these programs have been restructured somewhat. They are still available though. So thats the good news. I do have a lender that i use quite often. Together we have closed many of these types of loans on properties in Long Beach and Lakewood.
There is also the NSP1 Neighborhood Stablization program where the City of Long Beach covers 50% of the loan amount as a silent second mortgage. Amazing right?
The loan programs that you seek are out there. It is a matter of finding the right Broker/Lender team that can get you what you want. Let me know if I can be of service.

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
DRE lic#01456982
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Tue Apr 16, 2013
magda58 asked:
This question was asked from this property:
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Sat Jun 6, 2009
Shel-lee Davis answered:

To answer your question in order:
1. A trustee sale is the last action in a foreclosure. The normal timeline for a foreclosure is:
- Owner stops paying their mortgage
- Bank starts calling to collect
- 30 - 180 days afte the first missed payment the bank files notice of default
- No less than 90 days later the bank files a notice of trustee sale. This notice is served on the home owner directly or posted on the front door in clear site from the street.
- No less than 21 days after the notice is posted, the home is sold in a Trustee Sale, on the court house steps (literally).
- the home may go back to the bank (if the owner owes more than it is worth) or sell to neutral third party, if there is equity in the home.
2. The fact that you have lived there for three years and paid rent, even though on a verbal agreement, may be sufficient to prove that you are a tenant. I strongly suggest that you pick a phone tomorrow to a good attorney, preferably one who knows tenant law in California, and find out if you are protected under Tenant / Landlord laws AND what that protection is in the case of a foreclosure.
3. The fact that the house needs major repairs does not delay when you will need to move out.
4. I recommend that you call the Trustee and advise them that you, a tenant, are living and have been living in the property for the past 3 years. Also, get their fax number, put in writing, and fax it them. This will probably not stop the Trustee Sale, but at least they will be on notice that there is a tenant occupancy situation there.
5. Contact an attorney to see if the following law applies to you. The Governor of California signed a SB 1137 on July 8, 2008 to protect tenant occupants of foreclosed homes.

I am sorry to hear that your are going to lose your home and with so little notice. Based on my answer to No. 1 above, you can see that your landlord had plenty of notice that they were losing the house to foreclosure. It is a real shame they did not share this knowledge with you.

You are really in a situation where you could use legal advice, not advice from Realtors. Contact your Ombudsman, legal aid, or the City Attorney for information or a referral.

Hopefully, everything will work out for you and you will have sufficient time to move out. Homeowners are often given little or no notice to move and the homeowner still lives in the property. I do not know how this will impact your need to move out. Best of luck and Dare to Dream.

Shel-lee Davis
Real Estate Consultant
RE/MAX Palos Verdes
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Sat Jun 6, 2009
Benny Chavez answered:
The bank or person who becomes the owner of the property will ask you to vacate. They will then also decide if you give them a clean vacated property whether or not to do what is called a cash for keys. This maybe as little as $500 to the high that I have seen at $3500. Good luck in finding your new place. Craigslist is great for rentals. Here to help! ... more
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