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Foreclosure in 91502 : Real Estate Advice

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Activity 11
Tue Nov 22, 2011
Anna M Brocco answered:
Your agent can better advise, since none of us are directly involved in the transaction, therefore consider a consultation; some lenders are quicker than others...
0 votes 12 answers Share Flag
Wed Jan 6, 2010
Michael Barron answered:
Hi there Lore, Foreclosure generally means a bank owned property. Depending on the home, size location will effect the selling price. Many Bank owned homes are great deasl but they can be very competitive with many bids sometimes. But if you are thinking about foreclosures I would strongly recommend that you woek with a professional Realtor who works with foreclosures. This will help you be prepared , and ready to make a smart move when a suitable property becomes available. All these homes can be viewwd from my site.

Kind Regards
Michael Barron
Realtor
REO/SHORT SALE SPECIALIST
First Team Real Estate
... more
0 votes 2 answers Share Flag
Wed Jul 29, 2009
Judith "Judy" Hendrickson answered:
Don't purchase a property for more than it's appraisal value. You lose money! You will most likely have to put more money down to cover the 20% required plus the difference in appraised vs real value of the property. The house is no longer the bargain you were looking for so move on. ... more
0 votes 4 answers Share Flag
Tue Jan 25, 2011
Mission Viejo Real Estate by Valorie Stover answered:
Fri May 8, 2009
Dyanna answered:
In order to qualify for the loan modification the person on the loan needs to sign the modification documents. If both of you are on the loan then you both need to sign. You might have to see an attorney on this because of the impending divorce.

Dyanna
... more
0 votes 1 answer Share Flag
Fri Oct 31, 2008
Deborah London answered:
Hi Melinda. Yes, this 3 Bedroom property is headed for a trustee sale. The current owner bought it a year ago and obviously is in financial distress. Are you interested in buying it or any other bank-involved property? If so, please text me at 310-808-3739, email me at dlondon@remax.net, or visit our website below. We're here right now to answer questions or help you with your real estate goals! ... more
0 votes 1 answer Share Flag
Thu Feb 18, 2010
Bev and Alex Gingrich answered:
Hi Antoinette,

Congratulations on finding a home that you would like to buy. First off, what is the address of the home?

The next step is to contact a realtor so that you will have somebody to advise you and write the offer for you.

If you have any questions please do not hesitate to call me on my cell phone at (818) 919-0159. I have helped many people in the Burbank area purchase homes, including foreclosure homes.

Alex Gingrich
... more
0 votes 4 answers Share Flag
Wed Sep 24, 2008
Keith Sorem answered:
I checked in the MLS and I found 15 units under $3,000 for rent in Burbank, ranging from $1,700 and up.
If you'd like specific information please contact me via my Trulia profile.
Keith ... more
0 votes 1 answer Share Flag
Sat Oct 8, 2011
ally answered:
We recently put in an offer on a bank-owned house. It took us over a week to hear back. Apparently, there were 5 other offers and they were waiting for people to get back to them with highest and best offer. We bid $50K over asking and still didn't get the house, so not sure if lowering the price of your offer would help you. Has your realtor gotten any clues as to where they are in their decision process. We had our realtor call everyday. Good luck. Be patient if you really like the house. ... more
0 votes 14 answers Share Flag
Tue Jul 29, 2008
L.A. Real Estate Group answered:
Dear Home Buyer in Burbank,
Our website features a foreclosure tab and is updated every week. We list several foreclosures in all of the los angeles area by zip code. Please feel free to visit it and spend some time with the foreclosures. If you see something you like, just shoot us an email or give us a call,. We would be more than happy to help. Good luck to you!
Lou and Alex
LA Real Estate Group
www.MyLARealEstateGroup.com
info@MyLaRealEstateGroup.com
... more
0 votes 4 answers Share Flag
Fri Jun 4, 2010
Rebecca Chambliss answered:
Realtors have access to properties that have NODs and NOTs. Banks often are working with Realtors and secondary groups to be sure the properties sell at full market value...so foreclosures are no more of a deal than anything on the market generally. I would contact a great Realtor in your area and start working with them to find the right property. ... more
0 votes 17 answers Share Flag
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