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Foreclosure in 92660 : Real Estate Advice

  • All26
  • Local Info1
  • Home Buying12
  • Home Selling1
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Activity 7
Thu Mar 3, 2011
Eric Israel answered:
The counter offer was most likely sent to you via the banks agent with the banks terms. You cannot contact the bank as there are too many layers of people involved and it will be like trying to contact President Obama. You should be happy you were able to even receive a counter offer in the first place.

Who do you think the counter offer is from?

You can view all the bank owned homes in OC here:
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Tue Feb 2, 2010
Mission Viejo Real Estate by Valorie Stover answered:
The most expensive is water front on Harbor Island and next is Oceanfront near the entrance to the habor.
There are sometimes used as rentals for the summer months.
You can get listings direct from MLS by signing up on my web site. This gives you morning reports of new listings, any changes in price or status. ... more
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Sun Mar 15, 2009
Karen Parsons Fiddler answered:
Hi John,

I don't like to give out names on the internet, but if you want to shoot me an email...I can talk about the current owner and other public information.

I can say that the property is not showing that there is a notice of default. The last owner purchased this in 2005 for $2.3 million and they owe $2,010,000 to Countrywide in first and second loans. The last listing I see for it expired in September and they had it listed at $1,995,000 and at that time they said it was in default. So perhaps they "cured" the loan...

Hope this helps.

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Wed Mar 28, 2012
. answered:
It’s not that easy. REO is listed in public records if not MLS. Local realtor can help. But you’re bidding bottom barrel prices and the bank is likley taking a take it or leaves it position.

Remember, foreclosure is 120 days and it allows borrowers the right to reinstate. The last 30 days (actually 21) are heading to sale date.

Also, you might see two NOD records that have the same lender, same trustee and same default amount. This indicates both records represent the same foreclosure proceeding, but companies like RealtyTrac includes data from both sources to provide as much information as possible about the property. Some of our sources overlap, but provide different levels of information.

We suggest you review and compare both records to get the complete picture.

Next? Consider showing up at the County on the date of the sale and bid. Or make an offer and try to have a Realtor submit.

Good Luck

Web Reference:
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Tue Oct 14, 2008
Gretchen asked:
as an agent in southern california, how can i get bank listings?
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Thu Dec 25, 2008
Diane Menard answered:

The listings that I am aware of from Realty Trac are those that are being auctioned. I think that they are roping customers in with this unrealistic price, but if the house is really worth that much more then you know they are not going to let go of it at that price.

My question would be if it is an absolute auction or not. If it is not an absolute auction and they don't get the priced desired then they don't have to sell.

That's just my opinion.......

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