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Foreclosure in 93306 : Real Estate Advice

  • All19
  • Local Info2
  • Home Buying9
  • Home Selling3
  • Market Conditions1

Activity 54
Sun Feb 24, 2013
jan detomaso answered:
Since it has all utilities was there a house on it at one time? How much are they selling the land for and how much are you putting down? Since the amount you mention is small, is there a possibility that the owner will carry a note for a limited time with a reasonable charge? Also, there are lots of other things to consider when purchasing land. The well should be certified for flow and potability. The septic should be certified that it is functioning and still has capacity. What do you plan to do with the land? If it is to farm, will the well provide enough water? What are the rules for the land usage? Different counties have different codes for what type of dwelling is allowed on land. All of these are questions that need to be answered before you purchase. You will need to look for a specific type of lender that is familiar with all the above mentioned things and come in with a sizable down payment before they would even consider loaning on land. I hope this has helped you in some way...if you have any questions or would like to number is 661-431-4194. ... more
0 votes 1 answer Share Flag
Sun Feb 17, 2013
Valerie Ulrey answered:
I don't see a question about this property but I'll just let you know that according to the MLS, this home is a short sale. It is currently under contract and they sellers and buyers are waiting for approval of the sale by the short sale bank.

If you would like additional information about this home or other homes in the area, I will be happy to assist you. Feel free to call or email me directly and I'll get you started.

Thank you,
Valerie Ulrey
... more
0 votes 3 answers Share Flag
Mon Apr 25, 2016
Don Tepper answered:
Of course. But the longer you wait and work on cleaning up your credit, the easier it'll be.
0 votes 5 answers Share Flag
Sat Jun 9, 2012
Suzanne MacDowell answered:
Absolutely! You may at the very least be able to negotiate the amount and set up some sort of payment plan. You need to explore all options and the only way to do that is through an attorney. ... more
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Wed May 30, 2012
Dee Oliver answered:
There is a house on Coronado Avenue but I find nothing on Coronado Lane. Call me if you have questions.
0 votes 1 answer Share Flag
Fri Oct 26, 2012
Valerie Ulrey answered:
Hi Becki,
I would also suggest that you contact a lender and ask those questions... however, if you were not named on the deed or the loan of their home, there should be no reason you cannot qualify for a home.
You would have to talk to a lender about what type of loan program you would qualify for because you may be restricted from FHA, due to the fact that if you are married, FHA wants to run credit on both spouses whether or not both will be on the loan.
If you would like the names/ numbers of a couple reputable and helpful lenders, please feel free to call or email me directly and I'll provide you with their contact information.

Thank you,
... more
0 votes 5 answers Share Flag
Fri Oct 26, 2012
Walter 'Skip' Kersten answered:
Mon Mar 26, 2012
Mark R. Barrett answered:
Give me the address and I can find out which bank owns the loan and get there contact info.
0 votes 1 answer Share Flag
Wed May 21, 2014
Annette Levinson answered:
There is currently a wait of 7 years after a foreclosure.
0 votes 12 answers Share Flag
Thu Jul 28, 2011
Cheryl Pauley answered:
Please call your bankruptcy lawyer and ask these questions.
But to my knowlage the answer would be no, there would not have to be a new buyer since bank is taking it back.
Please call 661-333-1987 for all your real estate needs.
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0 votes 4 answers Share Flag
Sat Apr 16, 2011
Tehachapi Mountain Group answered:
Hi Barbara,

HUD runs their bids like an auction. There is no countering offers, no inspection period, if you're bid is're in. MOST HUD homes close escrow (sell) for VERY close to the asking price or slightly above. MOST. Typically HUD doesn't even look at bids which are not within at least 10% of the asking price.
If you would like more info, please feel free to call me anytime. These properties are typically priced very aggressively to begin with for a quick sale.

Tesa Noonan 661-717-3394
Coldwell Banker Best Realty
... more
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Sun Apr 3, 2011
Tim Moore answered:
If by auctioned you mean foreclosed, then when the auction is over and the new deed recorded there will be a new owner and you will be at their mercy to stay or leave since they now own it. If it is being foreclosed, then the loan is past due which is what caused the foreclosure and you being on the deed ends when it's sold. ... more
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Thu Jan 20, 2011
Ray And Karen Levy answered:
Are you saying your foreclosure was finalized and set for a sale date by the judge?

Try contacting the clerk of the court in your local county to see if the auction has been set.

Also, if you have the name of the auction company try calling them directly.

Hope that helps.
... more
0 votes 4 answers Share Flag
Sat Aug 10, 2013
Tehachapi Mountain Group answered:
How long ago was the foreclosure and bankruptcy Jim? You need to speak with a loan loan officer to be sure. Try my guy - Robert Kurugian - 661-823-8383. (Academy Mortgage)
No obligation, let him check it out for you.

Luck to you!

Tesa Noonan 661-717-3394
Coldwell Banker Best Realty
... more
0 votes 5 answers Share Flag
Thu Nov 11, 2010
Bruce Ailion answered:
Try going to Linkedin a business networking site. Identify people at Wells Fargo, search for the term REO or foreclosure, you will find some references, call one or more and see if they can direct you the the contact you need.

Bruce Ailion,
RE/MAX Greater Atlanta
Certified Residential Specialist
Certified Real Estate Broker
Accredited Buyers Agent
MS Real Estate and Urban Affairs
Certified Distressed Property Expert
Certified Internet Professional
2050 Roswell Road
Marietta GA 30062
770-973-9700 Office
404-978-2281 Direct
... more
0 votes 1 answer Share Flag
Sun Apr 3, 2011
Christopher Lefebvre answered:
Have you tried checking with the Kern County Clerk Recorder's office? They might be able to help you.

Kern County Recorder
1655 Chester Avenue
Bakersfield, CA 93301
Recordings 8a - 2p M-F
Copies 8a - 4:30p M-F
Research 8a - 5p M-F
(Except Holidays)
... more
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Mon Sep 27, 2010
Michael Richert answered:
There are other options besides cash but you don't want to make any decision without a Realtor to be at your side. You can buy a foreclosure home with bank financing with the help of a Realtor. Try Valerie Moses at 661-619-0239 She is great with buyers. ... more
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Wed Sep 22, 2010
Garland Perry answered:
Yes, However those that finally received a loan Mod. jumped thru many hoops.
I am no longer helping people to obtain loan mods, if you are not able to continue to jump thru the hoops call me when you are ready to short sale.
Garland Perry
... more
0 votes 7 answers Share Flag
Sun Sep 19, 2010
Nancy Harper answered:
Although I cannot see to which home you are referring, it is easy to find out whether a home is on septic or not. I usually call the city or county permits department and first off, they tell you if the home is in within their jurisdiction. Once you get to the right department, they will look it up and tell you over the phone whether it is one septic or not. If you want a copy of the records saying whether or not it is on septic, you will have to go down to the department in person and pay a small and reasonable fee. I have always found the people in both the city and county permits department to be cordial and efficient. It has been awhile since I have called them so I can't say who you need to speak to, but believe it or not, whoever you call will guide you to the right person. Of course, this isn't one hundred percent full proof, but I find it to be the most efficient place to start. ... more
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Sun Apr 3, 2011
Diane Wheatley answered:
I'm experiencing the same issue on another REO that I represent the buyer on. The contract states that the seller can cancel escrow at any time if the buyer requests any repairs be made at the seller's expense. The property is being sold in "as is" condition. We understand that so we are willing to make the repairs necessary per the appraisal in order to complete our financing. The repairs are to be made at our expense and we are requested to sign an indemnity agreement stating that the buyer takes on all liability incurred in the event the sale does not close. My buyer was also requested to sign an agreement to remove all contingencies in our efforts to close as agreed.

Once the buyer signs the contingency removal then the seller is not to stand in the way of the buyer's performance to close. However, our seller continues to issue new contingencies and addendum's to the purchase agreement for the buyer to sign or they will not allow the sale to conclude. This is not acceptable or enforceable behavior.

Did you sign a contingency removal in your transaction? If so, the seller has not right to impede the continuation of your transaction towards completion. If not, then they may have the right to cancel the agreement with little or no notice to you. All REO sellers are different and have their own purchase contracts. Is your purchase contract fully ratified by proof of signature from the seller? That is an important aspect as well if you have any hopes of completing your purchase.

Good luck! I'm sorry that it is not the joyous home purchase you may have dreamed about.

Diane Wheatley, Broker
(909) 815-4499
... more
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