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Foreclosure in 91411 : Real Estate Advice

  • All9
  • Local Info1
  • Home Buying2
  • Home Selling0
  • Market Conditions1

Activity 8
Tue Nov 27, 2012
Andrew Watkins answered:
Do you have a lease? If not, then make one up ASAP. If its 1-year or longer, you can stay for the full term of the lease. If its month-to-month, then you get 90days minimum. Bank doesnt care about "win-win" situations. They will steam roll you and evict you unless you have a lease. ... more
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Sun Mar 4, 2012
Jason Hector asked:
0 votes 0 Answers Share Flag
Sun Jan 1, 2012
Jason Moon answered:
Not at my state of IN the listing agent still gets compensated, and Im sure the listing agent would have loved to have you as his/her buyer as well but this happens more frequently than you'd think. The listing agent should have one goal in mind and that's to sell their client's home...if you are now working with a different buyer's agent and buy the house they have accomplished that goal and still made some money. ... more
0 votes 12 answers Share Flag
Thu Dec 29, 2011
Paul Rinde answered:
Aproximately 1 to 10 business days has been my experience. If you have made an offer, you can request your Realtor to follow up with the listing agent in a few days to check on it for you.

Good Luck!
... more
0 votes 9 answers Share Flag
Thu May 31, 2012
Neil Singerman answered:

Yes since Agent you hire is not representing the seller they are on your side.You will be in better place to negotiate the price and terms since you have your own agent. Think about this way you would not go to court and have the attorney represent you and the other party.

Neil Singerman DRE 01097970
Keller WIlliams Realty L.A. Westside
... more
0 votes 6 answers Share Flag
Sat Sep 22, 2012
Prudential California Realty answered:
The best thing to do in your case is find a local Realor who is familiar with Short Sales to assist you. They are knowlegable in how to communicate with the Banks as well as the necessary paper work and processes. Our company can help connect you with a knowledgable Realor in your area. Please feel free to contact us to learn more.

Crystal Halatsis-McGugin
Prudential California Realty a HomeServices Of America and
Berkshire Hathaway Affiliate
Office: (888) 995-7575
DRE # 01438893
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Mon Jul 23, 2012
Richard Schulman answered:
This is a tough situation. If you want to stay, keep making your payments and stay in the house. Keep in mind that your payments far exceed the rental value of the property...probably something like at least $3,000 a month mortgage and $600 a month for taxes and insurance. If its worth $300k, you could rent something for maybe $2,200 per month. Your home is about 200k underwater, and your excess payments add to that every month. The only advice I can give you is to consider a loan modification, and if that doesn't work, pursue a short sale. If you want to discuss further, don't hesitate to call.

Richard Schulman
#1 Listing and Selling Agent
Keller Williams Realty
... more
0 votes 16 answers Share Flag
Sun May 22, 2011
Maggie, your REALTOR® answered:
Dear Bryan:

The best offer is one which is substantiated by the facts of the current market conditions. My advice is to have your real estate professional run the "comps" (homes that have sold in the past 3-6 months) . These are home with similar characteristics to the one you are desiring to acquire. Based on ALL the comps, take an average of these SOLD prices and have your agent do the same for what is currently active and pending in your local market.

Once you have the average of all these prices, deduct for any repairs (roof, flooring, painting, etc) then make your offer. With that much substantiated and factual data you will see how close you are to the asking price. I have found that most REO/Bank Owned properties are priced below the current market value of homes in the immediate area.

Make it a win-win for yourself and the bank. That's how my buyers have been able to get their desired homes and YES, the banks are willing to pay the closing costs which can be thousands of dollars if you make an offer which is reasonable and based on fact and not on "lowballing".

Hope this answers your question.

Good luck!

... more
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