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Foreclosure in San Diego : Real Estate Advice

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Activity 161
Thu Apr 11, 2013
Kevin Sanderlin answered:
It's actually just 14 days notice that is needed. So, if they have given you 14 days notice and you have a trustee sale date coming up, you do not have much time to figure out your options.
With such limited time to work with, every hour that passes is one more hour closer to your property being foreclosed. I specialize in helping people delay trustee sale dates even with very little time left. If you contact me directly, I can meet you tomorrow with all of the documents needed to try to get your trustee sale date postponed. No cost to you for my services.

Kevin Sanderlin
Keller Williams Realty
Cell 858-212-4702
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0 votes 4 answers Share Flag
Sat Feb 23, 2013
Paul Garrett answered:
mudhafar tawfeeq, this is mr paul garrett with socalrealtors you where asking if a property is still aval, which one are you asking about I have several if you give me an address I can look it up and I need your full name and I good way to contact you prefer phone # and email, my properties go quick so let me know what your looking at and I can answer you back faster.
thank you, my cell is 619 917-7093.
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0 votes 6 answers Share Flag
Thu Jun 20, 2013
Robert Boerner answered:
Assuming the property is in San Diego County, I would suggest you go to the county's webpage and see if a recent Notice of Default has been filed.

(Make sure you search by the name that is on your Deed of Trust/mortgage document).

A call to your mortgage company would be worthwhile too.
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0 votes 10 answers Share Flag
Thu Jun 27, 2013
Chad Basinger answered:
Hello sdiegoec,

I'm pretty good at reading minds, but this one has me stumped. What, specifically, are you wanting to know?

0 votes 8 answers Share Flag
Wed Feb 6, 2013
Daniel Lehman answered:
There is no specific answer, because it depends on what type of financing you would be doing...

If you were planning on going conventional, you would have to wait 7 years before buying a new home, or doing a new loan.

If FHA, its a 2 year waiting period, and if you are a veteran, VA will allow you to buy after 2 years...

If any agents, or anyone else for that matter wants a chart that shows the waiting times for VA, FHA, USDA, and Conventional with foreclosures, Chapter 7BK, Chapter 13 BK, and short sale, drop me an email and I will forward it over...

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0 votes 6 answers Share Flag
Sun Jan 6, 2013
Bill Hays answered:
If I was you, I would be talking directly to your landlord's real estate agent and get regular updates. An accepted offer can (but not always) delay the sale, but there are a lot of variables including the amount of the offer and the capability of the short sale negotiator. You want to know what the terms of the offer are as they relate to you. Is this an investor offer or a family who plans to move in?

You also might consider negotiating with your landlord on the rent side. If you walk, your landlord has a bit of a problem unless your place is super nice and move-in ready. A vacant house is not a good thing for a landlord - you are an asset. The question becomes why should you pay rent if they aren't paying the mortgage? You can leverage your value by talking to them about a reduced rate for the value of your tenancy. I let a tenant stay 10 months free just so my listing wasn't vacant and so it would be taken care of. It worked nicely and I didn't have to deal with squatters. The bank wanted to know if my seller was collecting rent anyways, and guess what, the bank would have taken it if we were collecting rent.

Bottom line, do things on your terms. In other words, if you can't get a discount on rent - your future is clear, you are moving out sooner rather than later. Don't wait - start looking now and get a new place when you aren't in a pinch to do so.

If you contact me directly, I am happy to keep tabs on the bank sale dates and let you know when I see extensions being granted. Either way, if it does sell on the 25th, you are not kicked out. You still have your rights as a tenant and as Jim said on your other thread, you may be able to negotiate some cash from the bank to move sooner rather than later - but again, moving in your time on your terms is the more prudent approach.

Good Luck!

CA DRE 01775528
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0 votes 7 answers Share Flag
Wed Jan 9, 2013
Jim Fishinger answered:
If you have a lease you are protected and can stay out your lease term regardless of who the owner is. You will need to pay rent to the bank if they acquire the property. They will probably offer to pay you money to leave, to allow them to market the property sooner. They call it "cash for keys" The amount can be negotiated. ... more
0 votes 10 answers Share Flag
Thu Sep 13, 2012
Jessica Tracy answered:
There are USDA 100% financing loans and FHA loans where you can finance your down payment. You would need to talk to your bank or a mortgage broker to see what programs you can quailify for.

Just remember, even if you obtain 100% financing you still need to consider your closing costs, home inspection fees, appraisal, home owners insurance, and taxes into your budget so that you are able to purchase.

Good luck!
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0 votes 6 answers Share Flag
Tue Sep 18, 2012
Chris Melingonis answered:
Hi Cindy,

Yes it is but it all depends on what TYPE of loan you qualify for. That is the most important thing to find out BEFORE begining your home search. It will dictate what kind of properties you can target. If you'd like more info, please contact me and I can point you in the right direction.
Getting all your ducks in a row before your home search will allow you to be competative in a market that typically sees multiple offers on desirable properties within the first couple days they are active. Hope this helps...

Chris Melingonis
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0 votes 10 answers Share Flag
Sat Aug 11, 2012
Kevin Sanderlin answered:
Most likely, your lease agreement converts to a month to month after the lease expired in April. IF this assumption is correct, you still have to pay your monhtly rent even if the home owner is in default on their loan. In other words, your contract is between you and owner and the home being in default is not related to your rental lease. You will be responsible for abiding by your rental contract for as long as the owner owns the home.

Kevin Sanderlin
Keller Williams Realty
Cell 858-212-4702
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0 votes 7 answers Share Flag
Mon Feb 23, 2015
John Reeves - YOUR HOME SOLD GUARANTEED answered:
Our team is willing to help you .. you can contact us if you need .. tnx
0 votes 1 answer Share Flag
Mon Jul 16, 2012
Alice Greliak answered:
I am an REO agent and deal with people who are living in the home after it has been foreclosed. Usually you would not be considered a tenant if you do not have a valid lease and since your boyfriend is the owner the bank will pursue relocation assistance offers and eviction efforts as former owner not tenant. This is just my advice from the experience I have from the multiple banks I work with but each bank has their own rules so make sure to work with the agent that comes to the home after the foreclosure and communicate with that person your situation. Hope this helps:-) ... more
0 votes 7 answers Share Flag
Tue Jul 10, 2012
Ron Thomas answered:
Suggest you GOOGLE: "tenants rights act" I think it was dated 2009, and maybe updated in 2011.
If you had a LEASE, you are definitely protected.

Good luck and may God bless
0 votes 7 answers Share Flag
Tue Jul 10, 2012
Chris Gorno answered:
Hello Mike~

They are more than likely the same. Is your house in Pre-foreclosure? If the sale date is approaching and you want help postponing it, you will need to call me, or a real estate agent who is experienced, or preferrably certified in distressed properties "right away". You will have a challenge on your hands trying to handle this one on your own, and there is no cost to you whatsoever. I would like to get a little more information from you, which will help determine your best options, so that you can make an informed decision. There are much better options than Foreclosure. Foreclosure does not have to be an option. Reach out...

Chris Gorno
DRE# 01499885
Windermere Real Estate SoCAL
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0 votes 6 answers Share Flag
Thu Nov 2, 2017
Michelle Gonzalez answered:
Hi Pat
Is this a bankruptcy case number? While you are in active bankruptcy the bank cannot foreclose on you. However keep in mind that there are many scams out there people claiming they can stop your foreclosure. The truth is you will need to show the bank that you can continue to make payments for a loan modification. Have you contacted your lender to see if there are any options for you? Also if you filed bankruptcy your attorney may be able to answer these questions for you. ... more
0 votes 16 answers Share Flag
Tue Jun 5, 2012
Steven Brant answered:
Hi Moejack,

I have an answer to your question but you may not like it. I have been in REO for the past 5 years and have been through over 400 CFK negotiations and the one thing that I still haven't overcome is the attitude of entittlement that folks have toward CFK as if it is their right to the money. In a normal world, if you were renting a home and you stopped paying your rent (for whatever reason) your landlord would evict you, and you would be paying her or him for the lost rent while you occupied the property. I am bothered that people think this is their time to cash in. This is not a defense of the banks, or the banking system it is just one human asking another human to act with character. Imagine if you you owned the property and someone was not paying your rent or mortgage and then wanted you to pay them to leave. How would you feel about cutting that check? Just because this is an institution and not another person in my opinion doesn't give you the right to treat this like a winning lotto ticket.

I don't expect you to take the super high road and not accept the money at all, but I would love to see you practice making a character based decision. Trust me it will serve you better in the long run.

One thing to note is TIME IS MONEY in CFKs. The less time you spend in that property the more money you receive. If you can be out in two weeks from the first contact made to you, that will insure you the highest possible amount.

My experience with Fannie Mae is that they are MORE THAN FAIR with funds they offer. My advice to you is accept whatever number is presented to you, be grateful that you received the money and go out and rebuild your finances.

I do sell real estate for a living. I have regular customers like you and corporate customers like Fannie Mae and the one thing they know they will get from me or any member of my company is Integrity. I don't compromise that to make a buck and neither should you! I call it like I see it even if that means I might lose some business.

I hope you take this posting in the spirit it was intended which is to get you on the right path. The more people think they are "entittled" to unearned money the more problems I see ahead for us as a nation. The more people that make it a point to provide greater value to their job, their community, their friends and familly than they receive in compensation the greater our society will become.
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0 votes 3 answers Share Flag
Thu May 31, 2012
Kari Shea answered:

We would recommend you call a real estate attorney as soon as possible to discuss your recourse.

Best regards,

Mark & Kari Shea
Shea Real Estate
Serving Greater San Diego
0 votes 6 answers Share Flag
Mon Oct 10, 2016
Home Auction Daily answered:
If you visit Http:// you can find updated auction listings in yuor area.
0 votes 11 answers Share Flag
Sun Jun 3, 2012
Kaye Hopkins answered:
Hi Kathryn ...

After doing a bit of research, it appears that you found the property in question on Trulia's foreclosure list, which receives its' information from RealtyTrac. You can determine the type of property it is by checking the second line under the Foreclosure header -- it'll either be listed as condo, multi-family, or single family residence. Guessing that you're interested in one of the larger properties, I can tell you that all homes that are over 2,000 square feet are SFR's ... please note that two of the "Foreclosures" are actually short sales and one already has an accepted offer pending bank approval. I can provide detailed information on any of the listings that you'd like info on, including tax records and previous listings, as well as potentially arrange a showing if a lockbox has been installed. Since the three larger properties are not on the MLS as Active listings, I would have to do more checking to see what the actual status is of these properties.

Please contact me if you'd like more information or to find out about other foreclosures and competitively priced homes that are on the market, currently available for purchase.

Kind regards,

Kaye L. Hopkins, Realtor DRE# 01397372
 Accredited Home-Staging Specialist [AHS]
 Certified Negotiation Expert [CNE]
McFadden Real Estate Services
 2307 Fenton Parkway, #77
 San Diego, CA 92108

 858-220-3110 [cellular]
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0 votes 7 answers Share Flag
Sat Jun 2, 2012
Glen Etherington answered:
I would suggest checking in with your CPA and then consult with an experienced real estate broker to go over your situation and options. Good luck and please let me know if I can help in any way

Glen S Etherington, Principal Broker, REALTOR, Paralegal
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