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Foreclosure in Los Angeles County : Real Estate Advice

  • All509
  • Local Info30
  • Home Buying263
  • Home Selling32
  • Market Conditions12

Activity 634
Tue Nov 27, 2012
Andrew Watkins answered:
Do you have a lease? If not, then make one up ASAP. If its 1-year or longer, you can stay for the full term of the lease. If its month-to-month, then you get 90days minimum. Bank doesnt care about "win-win" situations. They will steam roll you and evict you unless you have a lease. ... more
0 votes 2 answers Share Flag
Wed Aug 21, 2013
Abu Musa answered:
You may talk to a local real estate agent. You could visit my website
0 votes 8 answers Share Flag
Sat Nov 10, 2012
Peter Ruddock asked:
This question was asked from this property:
0 votes 0 Answers Share Flag
Tue Oct 30, 2012
carlos parrague answered:
Tue Oct 30, 2012
Douglas Perez answered:
Fri Oct 26, 2012
Sheyenne Schultz answered:
Stay put for now. The beneficiary...which was your servicer who u paid your mortgage payments to
will be contacting you soon. Or, if they gave this as an REO/Bank Owned listing a realtor, then the realtor who now has the new listing...will be knocking on your door to contact you to :
1)see if the home is occupied and 2)IF the home IS occupied, then they may try to offer you a CASH FOR KEYS settlement to amicably vacate the home...usually, they will want u out asap: but you can point out that CA law states you have 60 days now to vacate, not 30 days anymore.
If you can work out something amicably with them for CASH FOR KEYS...and hopefully this will coincide with your date to move into your new home.
Call me if you need more info 310-429-4170 Shy:)
They cannot just come and LOCK you out, or kick u to the curb...they would have to go thru the eviction process if you do not cooperate peacefully and do the CASH for KEYS settlement.
... more
0 votes 3 answers Share Flag
Mon Apr 25, 2016
Craig Yace answered:
It depends on who owns the note and how soon the auction is but in most cases the answer is YES.
I can help you figure things out at no cost to you. I have been helping families avoid foreclosure since 2005. And many of those people have had trustee sales. Don't move out. Contact me today. ... more
0 votes 2 answers Share Flag
Mon Apr 25, 2016
Tom Miller answered:
This may be a little involved for a forum like this, but I will take a stab at it. I think the main reasons that a bank would not approva a short sale are:
1) The bank is too busy and just can't get to it. This happens more than we like.
2) The offer price is not close enough to what the bank thinks is market value. I have heard multiple times that a bank is looking to get at least 88% of market value.
3) The bank does not think that the rest of the terms and conditions (other than price) are attractive relative to other options.
4) The bank does not think that the Seller is in a real hardship situation, and that they think they can get the Seller to make good on their mortgage.
These are the ones that come to mind for me. Anyone else?
... more
0 votes 4 answers Share Flag
Thu Oct 25, 2012
Ron Thomas answered:
The CONTROL and the LEVERAGE is with the Bank:
The MODIFICATION programs that Obama has encouraged have failed miserably:
The last we heard, they have saved something like 1% of the intended goal.
The Banks are not monitored,
There is no reward for the Banks,
There is no incentice for the Banks,
There is no jeopardy for the Banks,

Why should they help you?
... more
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Wed Oct 17, 2012
Marie Souza Team answered:
This depends on so many factors. Consult a pro in your area.
0 votes 2 answers Share Flag
Mon Oct 8, 2012
Emily Knell answered:
Unfortunately is the Mortgage Debt Forgiveness Act is NOT extended for another year, you're damned if you do (complete the short sale) & damned if you don't (& let it go to foreclosure).

The Aliso Viejo posted a question today; "If you had the opportunity to ask a question at the next Presidential debate what would it be" question had EVERYTHING to do with getting the Mortg. Debt Forgiveness Act extended for another 4ys, not just 1yr. See my answer here (sorry there are a lot of posted questions by now, scroll down)

If the Act is not extended which I think would be utterly Stupid & if this home is your primary residence you still have the ability to file IRS form 982. Talk to you CPA about this.

The Anti-Deficiency law (SB 931) is not expiring at the end of this year.

You should still continue with your short sale. DO NOT DO A DEED IN LIEU it is the SAME as having a Foreclosure on your record & will increase the time in which you could reenter the the market to build equity back up from the bottom!!

Shoot me an email directly should you want to discuss this further. I don't look back on this same Trula posting for answers after mine.

Emily S. Knell
562-430-3053 c
Realtor Since 1996
Realty ONE Group
100% short sale success ratio
& I can Prove it
... more
0 votes 1 answer Share Flag
Tue Oct 9, 2012
Nick Socha answered:
When is your sale date?

Give me a call Sunday morning, or in the next few minutes if you want.

We can discuss your situation and see what can be done.

My number is 310-647-7785

Nick Socha
C21 Amber
DRE #01831474
... more
0 votes 12 answers Share Flag
Tue Oct 2, 2012
Brad Cummings answered:
Most likely yes, when the time comes that the bank who owns the property takes the house back, they will approach you with a "Cash For Keys" offer. Did your current landlord give you constructive notice about the foreclosure and any notice to vacate? Sometimes the current owners of the property will let their tenants not pay the rent during the process, but usually the landlords keep collecting the rent and not paying the mortgage due on that property. ... more
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Sat Sep 29, 2012
Barbara Grandolfo answered:
Dear Peace

In our current market in Southern California homes are selling very quickly whether it's a short sale, standard sale or bank owned. The last two short sales I listed each received over twenty offers within the first week. The most important thing when listing a short sale is to list with an agent who is familiar with the short sale procedure or someone who is assisted by a professional short sale negotiatior.

If I can help, please feel free to contact me.

Best of luck,

Barbara Grandolfo
... more
0 votes 5 answers Share Flag
Sat Sep 29, 2012
Peaceandpowerparenting asked:
Mon Dec 24, 2012
Eric H. Wong answered:
Banks are the reason why short sales take so long. If banks didn't take so long to respond to requests and offers, short sales could actually move pretty quickly.

The problem is that banks often run the foreclosure process in parallel with the short sale process, and, with the bank, the left hand does not know what the right hand is doing, and it can be a race to the finish line. ... more
0 votes 7 answers Share Flag
Sun Oct 7, 2012
Janey Bishop answered:
A HECM requires a property to be maintained plus insurance and fees up to date. Since the owner has died notify the lender who has the resources and interest in getting this taken care of. ... more
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Tue Oct 2, 2012
Liliana Alfonso answered:
Dear Packard,
You have the option to do a short sale. You can call the lender and ask them if you can get a package to get the process started. Then, you will need to hire an agent to negotiate the short sale on your behalf. You need to speak to your CPA to ask questions related to tax liability. There's a law in effect till the end of the year that protects the homeowners who do a short sale to be pursued by a deficiency.
Please feel free to email or contact me with any questions.

Liliana Alfonso
Rodeo Realty
Short Sale & Foreclosure Resource Certified
HAFA Certified
818-414-0396 cell
818-761-7277 fax
DRE # 01759367
... more
0 votes 14 answers Share Flag
Wed Sep 26, 2012
ashley hickman asked:
but now im looking for some clients! so im extending this question to any local realtor in need of help. if you need service of knoe if anyone that might please let me know :)
fell free...
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Thu Sep 27, 2012
SERGEY FEDNOV *** 424-777-9377 answered:
Based on your particular curcumstances , there are different ways to postpone auction sale date - please call me direct 424-777-9377 so that i can present/explain your options.

Please contact me anytime! 

Free Consultation 424-777-9377 

Help with any Real Estate Transaction Buy & Sell! 

Thank you for your time. 

Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777. 

Sergey Fednov 
President - Realtor 
- Trust Sale Realty - 
Residential & Commercial Real Estate 
Toll Free: 1-855-TRUST-55 
Toll Free: 1-855-878-7855 
Phone: 424-777-9377 
Fax: 310-356-4925 
... more
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