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Foreclosure in 91340 : Real Estate Advice

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  • Home Buying3
  • Home Selling1
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Activity 3
Wed Apr 13, 2011
Michael Emery answered:
I presume you are talking about 'cash for keys' where the lender offers you money to move.

It's been my limited experience that they will offer you more money only if you are able and willing to move more quickly. Sometimes they will say $xxxx of dollars if you move in 14 days and $xxxx less if you move in 30 days.My guess is $1,500 is their limit. And remember, they don't have to pay you a dime. ... more
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Fri May 15, 2009
Homa Moaddel answered:
Hi Lily030,

Even if the house goes through foreclosure and the bank take ownership, the bank generally will negotiate with you and should give you reasonable time to move out. Also there is "key for cash" that they may even pay you for your trouble and expense of moving out.

Find out who is the bank. I recomment start searching for another rental property. But do not worry too much. Bank should give 30 to 60 days to move out and pay for some of your expenses.

Sincerely,

Homa
Prudential California Realty
Mission Viejo
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Wed Mar 18, 2009
Dot Chance answered:
Hi, Jeannie. It is a scary time in the real estate market right now. Do you plan on being in your home for more than a couple of years? It will probably take the market a while to recover.

Anyone who is looking to make quick money in the real estate market should not try right now. This is a time for home buyers to get a great deal for their homes to be in long term.

I wish I could tell you how low it will go or even if we have finally reached the bottom this week - but I can't.

Just make sure this investment is right for you at this time.

All my best,
Dot Chance
Keller Williams Realty
Studio City
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