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Foreclosure in 92691 : Real Estate Advice

  • All38
  • Local Info6
  • Home Buying15
  • Home Selling4
  • Market Conditions1

Activity 15
Mon Mar 11, 2013
Linda Lukas answered:

This is a legal question best answered by your bankruptcy attorney..

Best of Luck!

Linda M. Lukas
0 votes 4 answers Share Flag
Tue Feb 19, 2013
Barbara Grandolfo answered:
Hey Shana,

A check of the MLS show there are currently no active listings on Sotelo.

Best of luck,

Barbara Grandolfo
0 votes 7 answers Share Flag
Mon Nov 12, 2012
Joe Homs answered:

I can help you out with your needs. I represent a seller that buys homes at the court house steps and re-sells them. Give me a call or send me an emal.

Joe Homs
... more
0 votes 13 answers Share Flag
Mon Nov 12, 2012
Ron Thomas answered:
You are going to need a good mortgage person.
I have worked with a guy who lives in M.V. and recommend him very highly.
Shane Milne
his e-mail

Good luck and may God bless ... more
0 votes 6 answers Share Flag
Wed Nov 30, 2011
Mission Viejo Real Estate by Valorie Stover answered:
It isn't showing up as on the market at this time but it is in default. Will have to keep an eye on it.
0 votes 2 answers Share Flag
Mon Nov 12, 2012
Joe Homs answered:
Please call me directly.

Joe Homs
0 votes 19 answers Share Flag
Mon Dec 20, 2010
Anna M Brocco answered:
What is your agent may also wish to consult with an attorney who specializes in real estate, and see exactly what options you may have.
0 votes 14 answers Share Flag
Mon Sep 6, 2010
Mary Morris answered:
Hi England,
My records show that it's still in preforeclosure, no Notice of Trustee's sale on record. But here are a couple of websites used by the auction buyers to tract what's upcoming at the courthouse. Auctions aren't for everyone, you have to make sure you do your homework on the property prior to going to the auction, along with while your at the auction.

Best of luck to you!
... more
0 votes 1 answer Share Flag
Fri Apr 13, 2012
Meredith Drews answered:
Looking at tax records, if it was, it hasn't been noted yet. There is some lag time in how those are updated, however. Are you interested in buying or a neighbor interested in your home values?

Either way, I have a free report on my website that helps you keep abreast of home values in your neighborhood or of those you are trying to buy in.

Go to . It's really a great tool.

Anything else that I can help with as a Realtor, please let me know.

... more
0 votes 6 answers Share Flag
Mon Jan 4, 2010
Viviana Katz answered:
Put your rent money into a new account titled Rent Escrow for Lender & be prepared to remit the funds if they come after you. Auctions typically close within 30 days, so start looking for a new home now! Best of luck! ... more
0 votes 3 answers Share Flag
Mon Aug 6, 2012
Mission Viejo Real Estate by Valorie Stover answered:
Did you want to know where your offer should be? That depends on location, sqft, #bedrooms, condition, you can email me or call for some answers.
0 votes 7 answers Share Flag
Fri Apr 13, 2012
Karen Parsons Fiddler answered:

Well...first we need to identify what you are looking for...sounds like you are thinking Mission Viejo? I'm in Mission Viejo. Once we know what you would like to find, price range, size etc...we can start researching the homes to put you in a good position to get your offer accepted.

First thing is for us to talk about your criteria....

I have information on the website below which talks about foreclosures and short sales, you can read how I approach things there....if it makes sense, we can talk more.

... more
0 votes 22 answers Share Flag
Sat Jan 31, 2009
James Gordon ABR SFR SRS answered:
Frankie of the few loan mods that I have seen the lender makes the payment affordable but does not forgive any debt. The loan has become a 30 fixed at a DTI that the borrower can afford with the unpaid princilpe tack on at the end like a balloon.

As for the truth in their example why would a lender gift the person going into forclosure 45,000.00 in equity? If the appraise value is 375,000.00 I can not see a lender agreeing to rewrite the loan to 330,000.00 it just does not make sense.
... more
0 votes 7 answers Share Flag
Sat Jan 3, 2009
Sarah Piazza answered:
Via Juanita, Mission Viejo has been on the market one day and the price is $412,900. Visit my website for more information.
0 votes 5 answers Share Flag
Wed Feb 27, 2008
Jennifer Kretschmer, AIA answered:
There are different stages of a foreclosure, so it depends on what stage the property is in.
The earliest is after a Notice of Default. The homeowner still owns the home and can negotiate with the bank on a sale. If they are upside down, it's usually a short sale. Short sales can take months to get an approval on your offer because both the homeowner and the lender have to approve the sale. The financing for this stage would be the same as a regular sale, but the lender foreclosing may make their acceptance of the offer contingent on you being able to get your financing in a very short time period (we were asked to make it happen in two weeks).
The next stage is a public auction. If the home is at auction then the property is generally sold "as is" and for cash only. You must qualify with cash before you arrive at the auction.
The last stage is when the property is bank owned (aka REO). This sale is similar to a regular sale. The bank will have a Realtor selling the property. You should have your own Realtor too. The property is usually "as is" but you can get your financing the same as any regular sale.
Any way, I'm not a Realtor, I'm just a person that's been looking at foreclosures as a way to increase the possible homes I'm looking at. I've been through a short sale process for four months and in the end I did not get the house. The house is now up for auction and I'm trying to decide if it's worth trying to get cash together to buy it. It will be very difficult for me to do that.
Good Luck.
... more
0 votes 4 answers Share Flag
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