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Foreclosure in Palmdale : Real Estate Advice

  • All340
  • Local Info43
  • Home Buying106
  • Home Selling6
  • Market Conditions13

Activity 16
Tue Aug 27, 2013
Scott Godzyk answered:
It will depend on a couple of factors, the first being how they reported it on your credit. When negotiating hopfully you negotiated a neutral reporting. Next it will be based on your current credit and financials, you should meet with a local and trusted loan officer who can prequailify you at no cost and answer your question. ... more
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Wed Nov 27, 2013
Wed Nov 23, 2011
Johnny Huang, MBA answered:
Usually, in a pre-foreclosure, the bank has not taken over the propery yet. Once the lender takes over, then it's an REO (foreclosure sale), and the listing agent gets assigned and does pre-marketing duties prior to the sale. The bank usually wants the sale after the pre-marketing process.

If your intention is to buy before the bank takes over, then you need to contact the owner of the property and get into contract with him. If the property has a note above the market value, then you are in a short sale situation, which may require a professional's help.
... more
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Sat Nov 6, 2010
Sindy Verdugo answered:
I just looked up this property and it shows as Bank Owned. It transfered earlier this year. It looks like it was taken back, sold to an investment firm and has been cleaning up title. I do not know if it is back up for sale. If it is or when it does it will be an REO (Real Estate Owned By a Bank.) I don't show a mortgage on it to have late payments at this time.

Sindy Verdugo
Re/Max College Park Realty
(562) 433-3777
... more
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Thu Jun 17, 2010
Alice Mcneely, P.A. answered:
If you'd want to buy by the end of the year, you may want to consider short sales. I find that you can get a better buy than foreclosures. You can check your county records for foreclosures, drive by the house, and if you're interested in it, you can contact the realtor if it is listed to show it to you, or, if not listed, find out who foreclosed on the house and contact them. If it is a short sale, and is listed, contact the listing agent. ... more
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Tue May 28, 2013
Christopher Suh answered:
Hi Gloria,
Has your mom contacted the lender to try and modify her loan to maybe try and lower the payments to something more affordable? If this is not an option your best bet may be to try and short sale the property which will have less of an impact on your mother's credit score, compared to a Foreclosure. There are some options which I can go over with you and answer any other questions you or your mother may have.

Feel free to contact me anytime
... more
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Mon Nov 10, 2014
Rebecca Chambliss answered:
Not unless you can bring the loan up to date. The other option is the banks sometimes will postpone the auction for a short period of time to allow a short sale to be done. I would suggest you speak with a local Realtor familiar with short sales. ... more
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Tue Nov 17, 2009
Jenny A. Le answered:
30 days before your home went to auction, the bank sent you a Notice of Trustee Sale (NTS). When you received the NTS, did you contact a non-profit housing counselor or hired a lawyer for help?

When is the auction date? Homeowners have up to 5 days before the auction date to redeem (to make a payment, including all late fees, to bring the mortgage account current), then the auction can be stopped. Else, at the point, only a qualifed lawyer "may" be able to help you by delaying the auction for 30-days.

You can contact the following free legal counsel to discuss your case:
... more
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Wed Nov 4, 2009
Stan Battersby answered:
It would be better for her to do a short sale which will not hurt her credit and bad as a foreclosure
0 votes 7 answers Share Flag
Fri Apr 10, 2009
Voices Member answered:
Twana, This site may provide you some information and contact info to find the answer....

Good luck, Dunes
0 votes 2 answers Share Flag
Tue Nov 17, 2009
Dyanna answered:
Well I would stop paying rent because obviously the rent money is not being used to pay for the mortgage. Now just because the property is going to sell in a short sale does not mean that the property will be sold because the bank has to approve it and in your area there is a surplus of properties. If the property is sold through a short sale then the owner has to give you a 60 day notice to vacate, it is a typical eviction process.

Good Luck,
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Tue Mar 24, 2009
Vicky Chrisner answered:
Is your renter paying late or not paying at all? Is the renter the problem? If you get a better renter, can you keep the property? Your lender may be willing to work with you - call them. If that doesn't work, then talk to them about a short sale. Get a local agent (I can refer you to one if you need a referral) who specializes in short sales, and consider hiring a professional negotiator (I can recommend one of those, too - and be VERY careful here, many of them are scam artists - I only know of one I trust), and try to do a short sale. With a short sale, the hit to your credit is minimized... it's better to avoid it - if you can - but avoid foreclosure at all costs. ... more
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Mon Oct 12, 2009
Tamara Stoebe answered:
Hello Boaz,

I would be happy to speak with you regarding your purchase needs -- areas are subjective. It would be best to speak with you about what your rental needs are -- do you want to rent to families? School districts would be an issue, do you want to rent to commuters? Freeway access would be an issue, etc.

Please feel free to check out the website to see homes that are currently available in the Palmdale area.

Thank you,
Tamara Stoebe, REALTOR
Troth REALTORS GMAC Real Estate
... more
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Sat Apr 25, 2009
Tamara Stoebe answered:
Hi Charlitha,

I hope that by now you have received an answer to your post, I'm sorry no one commented previously. I just happened to run across your message now.

If you still have a question as to whether you are in foreclosure or not, let me know your property address and I will be able to look that up for you. I hope that you are not, and that all is well, if I can be of assistance in any way, please let me know.

Thank you,

Tamara Stoebe, REALTOR, QSC, e-PRO
1801 W. Ave. K
Lancaster, CA 93534
Cell: (661) 466-6849
Fax: (661) 422-3006
... more
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Wed Apr 27, 2011
Christopher Walker answered:
Sorry to hear of your situation are not alone. Best to consult with a local real estate attorney as soon as possible. You are right with your first instinct.
0 votes 7 answers Share Flag
Mon Dec 31, 2007
Terra Bruns answered:
Eva, I would be happy to discuss this to see if I can assist...
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