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Foreclosure in Rancho Cucamonga : Real Estate Advice

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  • Local Info21
  • Home Buying129
  • Home Selling15
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Activity 14
Wed Jun 20, 2012
Jennifer Oriola answered:
Sorry don't know of any at this time. If I hear of any I can let you know. Jennifer
0 votes 2 answers Share Flag
Thu Nov 3, 2011
Craig Chastain answered:
Hi Nasir,

I would be happy to help you with your real estate needs. I am a Realtor in Rancho Cucamonga and have vast knowledge of the area, as this is where I was born and raised.

Please feel free to call or contact me via email.

Thank you and I look forward to hearing from you!

Craig Chastain
Next Level Realty
Realtor/Owner
909.243.4251
sellyourhomewithcraig@yahoo.com
... more
0 votes 10 answers Share Flag
Mon Jun 10, 2013
Eli Givoni-Short Sale Dept LLC answered:
What is the question?

Eli Givoni, Director
Short Sale Department, LLC
561-361-1909
info@shortsaledept.com
www.shortsaledepartment.com
Serving all 50 states

MARS Disclosure for General Commercial Communications
IMPORTANT NOTICE:
Short Sale Department, LLC is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.
... more
0 votes 5 answers Share Flag
Wed Nov 17, 2010
Mainstreet Realtors answered:
Hi Kehca,
That rule only pertains to HUD REO properties where owner occupied bids have a 10 day priority bid over investors. These type of listings are not the most common REOs in our area. However, they are rolling out with priority for Neighborhood Stabilization Program participants on many REOs. NSP funds can be used to help homebuyers purchase homes, but they must contact an NSP grantee for application details. Please feel free to contact us for further information. ... more
0 votes 6 answers Share Flag
Tue Oct 5, 2010
Patrick Thies answered:
You have a lot going on here trying to short sale one home and trying to keep another. You probably need to discuss your situation with an attorney at this point.
0 votes 11 answers Share Flag
Sun May 17, 2015
Jamesy answered:
You might want to sign up as many companies as you can, here's a free list.

www.bpocompanieslist.com

good luck
0 votes 6 answers Share Flag
Thu Jul 9, 2015
Dp2 answered:
I'll answer the question you asked, and then I'll address the underlying need.

First, you'll most likely not get a hard money loan for an interest rate under 10%. I work with them from time to time, and I have yet to encounter one willing to lend at a rate less than 12%. Please let me know if you know of one that lends at 10%; I'll pounce like a lion on that delicious antelope. FYI, please also keep in mind that most hard money lenders only lend on NOO properties, and many of them prefer to lend to businesses.

Second, I can think of several other ways to re-structure that transaction, but I'd need some more details. You haven't mentioned whether this is an income property. I'm working with an agent in TX who has 2 buyers (for different properties) who want to buy a new home. Both of their requests for conventional financing were rejected, because they're both self-employed, and unfortunately it didn't matter to the local lenders that both buyers had been in business well over 10 years. Please feel free to contact me for more details.
... more
0 votes 8 answers Share Flag
Mon Oct 19, 2009
Deb Jolly answered:
Good Afternoon,

This property did go to Trustee's Sale on 8/3/09. It may be vacant please contact me for more information.
Deb Jolly (909) 922-6601
0 votes 3 answers Share Flag
Sat Aug 15, 2009
Krystal Lee Whaley answered:
It depends on the demand in your area...even though there are tons of homes coming out on the market from banks/foreclosures doesnt nessesarily mean the prices will keep going down.
With that said...we still have a year or 2 of this REO sharade in my opinion, but with the government stimulating the housing market with the credits and low interest rates we are having a supply problem even now.

On the flip side, just buy..anyone who buys in this time is going to make out a few years from now..why squabble over a few thousand dollars. If you are thinking of selling I would advise against it if you can...the name of the game is sell high and buy low. Homes are not stocks...you sometimes have to wait it out.
... more
0 votes 3 answers Share Flag
Tue Feb 23, 2010
Diana Margala answered:
I have not heard of any policy where the bank will be holding the property and leasing them. I believe I heard that in LA county that the homes that have tenants in them and they are foreclosed there is to be some type of arrangement for the tenants to stay while the home is being offered for sale, but I don’t know if that is true.


Diana 909-945-5763
... more
0 votes 4 answers Share Flag
Mon Aug 4, 2008
Suzette Baker, ABR,GREEN answered:
Hi Rochelle,
Yes, you might be able to. That does depend on the lender. You can contact the lender and advise them that of course you would like to vacate the property, but your deposit has been lost. You should contact them as soon as possible. ... more
0 votes 5 answers Share Flag
Mon May 26, 2008
Linda Cox answered:
Most agents have access to Foreclosures as well as HUD properties. HUD properties are homes which are FHA foreclosures. Other foreclosures are other type of bank mortgages. I have personally handled the purchase side of many foreclosures and/or HUD proprties. I do have several resources in locating the properties for my Buyers. If you are searching for any foreclosed properties in the Atlanta Metro area, please feel free to contact me at my website below. ... more
0 votes 7 answers Share Flag
Mon May 26, 2008
Randy Charlton answered:
Hi Tim,

The first step is to schedule an appointment with a real estate agent. During the visit the agent will be able to: 1) assist you with rental comparables for the area. This way if renting is a better option for you you will know what you can expect to receive on a monthly basis ... 2) put together a complete market evaluation to help you establish a price point for your home in today's market. That is critical as homes must be priced right to sell in today's market ... 3) explain to you the process for buying a foreclosed home.

Tim, my office is located in Rancho Cucamonga and we staff over 200 agents. If you are looking for an agent to give you ALL the facts without pressure, please call me a call at 909-938-9568. I promise you complete and accurate information which will allow you to make the best informed decision.

I look forward to talking with you.

Randy Charlton
Keller Williams Realty
909-938-9568
www.TeamCharlton.com
... more
0 votes 6 answers Share Flag
Tue May 27, 2008
Diana Margala answered:
Realistic is a relative term, but to find a home for 200K, I believe you could in Moreno Valley, Victorville and the High Desert Area or out to Beaumont and Banning. As for selling the home in two years and have it be at a profit might be questionable. Remember when you sell a home the cost to sell is about 8.2% for all of the costs (Escrow, Title, Realtor, Taxes etc.), so unless it was an extremely good deal (usually the ones that you have to fix to some degree) I'm not sure selling your home at a profit would be something that you could accomplish in two years. If you have any other question or if you would like to purchase a home, I would love to be able to help you through the process. Diana 909-945-5763 ... more
0 votes 9 answers Share Flag
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