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Foreclosure in California : Real Estate Advice

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  • Home Buying1K
  • Home Selling180
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Activity 3,319
Thu Jul 20, 2017
Jory Blake answered:
Ok, quick question for your lender....Did you verify the recording date of the foreclosure before telling me I could obtain a loan?

It is easy to print out a pre-approval letter and get everyone scurrying about showing homes and writing offers.

I have encountered something similar with a great buyer and discovered that if the lender would have taken the time ENSURE the client was "good to go" , it would have saved them significant money and avoided a great deal of stress and disappointment.

Please post your answer so other buyers can avoid this ...

Jory Blake
951.742.3751
... more
0 votes 31 answers Share Flag
Sat Mar 23, 2013
Fred Konigsbach answered:
There are many choices available for people 55+. You can buy a condo or single family home. Please give me a call at 818-584-1330 and I will be more than happy to discuss your needs.


Thank you,

Fred at Keller Williams Realty - Westlake Village.

www.OurChoiceHome.com
... more
0 votes 2 answers Share Flag
Fri Mar 22, 2013
Pacita Dimacali answered:
Since more properties that banks foreclose on are eventually assigned to realtors who list them on the MLS, most any resourceful realtor will find them for their buyers. The best way is to align yourself with a realtor who is knowledgeable, strategic and resourceful.

But first, if you haven't gotten yourself preapproved for a loan, that's the first thing you should do to be fully prepared on what kind of loan you can get, and what you're comfortable paying for a property.

If you are interested in bidding in an auction, note that foreclosures don't always translate to good deals. There could be other liens on the property that are not known or disclosed at the time. Or there may be extensive/hidden damage. If you have an offer accepted, then you can get your own inspections to determine costs. There are a lot of risks involved. Here's a video by Foreclosure Radar that explains the process https://www.youtube.com/watch?v=1CanJbhGdJM

By the way, Foreclosure Radar is an excellent resource for identifying properties in distress (delinquent, about to be foreclosed, etc)

How may I help?
... more
0 votes 8 answers Share Flag
Sun Apr 7, 2013
Suzanne MacDowell answered:
I would recommend you speak to an attorney. Also, it might pay to talk to a realtor about selling the home as a short sale, but act quickly. There may be income tax implications if the home is not sold by the end of 2013. If you list the home for sale, and cooperate with the bank to get it sold, you may be able to stay in your home until the closing. At least that way you would have a smooth and orderly transition to your new home. ... more
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Wed Mar 20, 2013
Sylvia Barry, MAS,CIPS,SRES answered:
Looks like the same type of deals as that on the question you asked about San Felipe way!

Sylvia
0 votes 3 answers Share Flag
Wed Mar 20, 2013
Sylvia Barry, MAS,CIPS,SRES answered:
It's not a listing that's on Market - it's one of those Trulia/RealtyTrac listings where they also list properties that are on default but not for sale.

Looks to me this property has been in default for at least 139 days (when it went on Trulia). The price listed is also not how much it might sell for, if it ever goes on market.

This property could be current now, or the owner could very well choose to do a loan modification, short sale, or just cure the default.

So, no, the information for this property (or some of the others on Trulia) is not up to date!

Sylvia
... more
0 votes 5 answers Share Flag
Sat Apr 30, 2016
Tim Moore answered:
Mon Mar 18, 2013
Lee Roessler answered:
Yes they can. However, it is not a secret conspiracy. Your loan is, for somebody, an investment of their money. In this case it happens to be a loan on your house. Be it Wells Fargo or B of A that originated the loan, it is still an investment that that can be bought or sold. ... more
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Sun Mar 17, 2013
Chris and Maria Jeantet answered:
Sandra we can help. Please call us at (530)510-0810.
0 votes 1 answer Share Flag
Thu Mar 14, 2013
Jim Walker answered:
Your agent can look the property up on the county tax records to possibly find out who is supposedly on title, if the transfer took place at least a couple of weeks ago. The fact that there is no agent # or contact information - not even "in case of emergency call 916-555-1212" means that the seller is not ready to sell yet. The point of putting an offer in to a seller who is not ready to look at offers yet is....... what?

The positive thing your agent can do is to place an email alert on the MLS so both you and she will be notified as soon as the property is listed in the computer. It is also smart to drive by the house on occasion to see if there is any new signage or workers who might be able to tell you who owns it, and more importantly who is the planned listing agent. Sometimes the listing agent is chosen weeks ahead of the actual coming out party, but they don't tell the world because the seller won't look at offers yet.
... more
0 votes 1 answer Share Flag
Wed Mar 20, 2013
Kylee Roe answered:
Why don't you buy it? Then you'd not have to worry.

I am not an attorney, so can't give legal advice--seems to me if I had walk thru paperwork/documentation showing the home was in disarray when I moved in that the owner (bank or otherwise) could not hold me responsible for the condition of home when I move out--if condition is not worse. ... more
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Sun Mar 24, 2013
Greg Herman answered:
I have a chart that gives you all of your time frames for each scenario and it covers all types of loans. Please contact me and I'll be glad to email it to you. It is very comprehensive and should answer all of your questions.

Greg Herman
gherman@spfcnet.com
951-265-1607
... more
0 votes 4 answers Share Flag
Wed Mar 13, 2013
Bo Goulet, broker answered:
Sachomis;

I work closely with investors who purchase foreclosures at foreclosure sales. I can possibly help you out with the process. Give me a call with your address handy.

Bo Goulet
(760) 713-6137
... more
0 votes 0 Answers Share Flag
Wed Jun 4, 2014
Artbysuni asked:
how old is the unit, retro foundation?

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This question was asked from this property: http://www.trulia.com/foreclosure/3095669820--Pawnee-Cir-Cherry-Valley-CA-92223
0 votes 1 answer Share Flag
Tue Mar 12, 2013
Jamie Tian answered:
Hi,

This property is a pre-foreclosure/notice of default. This means that the owner has defaulted on his/her loan payments and the lender has filed a public default notice. The property is not currently for sale and if it does come on the market, it will not necessarily be at that price.

Are you interested in purchasing a home in this area? I would be happy to provide you with a list of available properties for sale that fit your criteria and set up appointments for you to view any properties you are interested in. Please send me your email address with your specific search criteria (price range, location, etc).

Feel free to contact me with any questions or concerns at (310) 717-1321 or JamieTian@RodeoRE.com.

Best Regards,

Jamie Tian
Rodeo Realty
(310) 717-1321
JamieTian@RodeoRE.com
DRE #01920120
... more
0 votes 3 answers Share Flag
Mon Mar 11, 2013
Linda Lukas answered:
Hi

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


Best of Luck!

Linda M. Lukas
Broker
LUKAS PROPERTIES
714-381-1723
0 votes 4 answers Share Flag
Tue Mar 12, 2013
Mitchell Pearce answered:
nickbonfante79:

If your rent is paid up, you have a right to stay till the end of the paid up period. But no, they cannot just change the locks and lock you out of your home. I expect someone from the bank will drop by to check on the property. At that pint you should get some official contact this person type of note telling you who to contact. Might be a good time to see if you can buy the property. Maybe we should meet to explore such options?

Mitchell Pearce
408-639-0211
mitchell@handsonrealtor.com
... more
0 votes 8 answers Share Flag
Tue Mar 12, 2013
John Souerbry answered:
Call the police to investigate, tell them you believe there are trespassers on your property. If possible, ask a friend or family member to drive by and check the home for you daily.
0 votes 2 answers Share Flag
Sun Mar 24, 2013
Maurice Thomas answered:
First find a Real Estate agent... Second figure out the price you want to offer... Third sign the offer (RPA)... Provide all the items needed to the agent (proof of funds, check, etc)...

If you have any additional questions please ask...

Thank you very much...
... more
0 votes 9 answers Share Flag
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