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Foreclosure in Solano County : Real Estate Advice

  • All21
  • Local Info1
  • Home Buying9
  • Home Selling0
  • Market Conditions0

Activity 51
Wed Mar 27, 2013
BayAreaHomeRebate answered:
Not real maybe you are referring to pre foreclosure properties. Just send me the address and i can look them up for you with my local mls.
0 votes 4 answers Share Flag
Fri Feb 1, 2013
Cindy Davis answered:
It really is up to the terms of your rental agreement, But certainly when the new owner takes over, you may need to move.
0 votes 2 answers Share Flag
Mon Jul 30, 2012
Terri Vellios answered:
This sounds like a legal question. Not knowing your contract we really can not advise. If you have a lease just because your landlord has a foreclosure action doesn't mean you can breach a contract you have with him.

It sounds like you are doing your due diligence in researching.

I recommend you call a local real estate agent to help you. Understand, that without a signed written authorization from the owner to his lender, the lender most likely will not communicate with you.

All the best to you.
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Sun May 27, 2012
John Arendsen answered:
Could be that perhaps the distressed property inventory is drying up in that neck of the woods or banks have re entered it back into shadow inventory for some reason. There's still about 5.5 million homes remaining in the shadow and it's hard to second guess what banks have on their minds from one day to the next.

But then again I'm a San Diego RE broker just taking a guess at it. You may get some more accurate responses from some local RE professionals. I'm just calling it from my local market perspective and I could be totally off base in that area. Good luck
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Wed Jan 4, 2012
Ron Thomas answered:
California is a NON-RECOURSE state:
The holder orf the 2nd can bully and bluster, they can call you all the time, but they cannot sue you.
Be sure that they do not put anything more on your Credit Report; tell them that you will sue them.
If they persist, call a Real Estate Attorney; it will be cheaper than paying them.

Good luck and may God bless
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Wed Nov 16, 2011
David Davidson asked:
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Fri Dec 16, 2011
Lewis Bishop answered:
Hello Will,

The subject property would have to be listed by the current owner in order for you to place an offer. If it is not listed you could possibly have your agent contact the homeowner to determine if they are interested in attempting to short sale their home. But keep in mind that it's not always in the best interest of a homeowner to short sale their house.

Based on your question I believe the house is going through the foreclosure process but has not yet been foreclosed.

I hope this helps...
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Sat Jul 30, 2011
Paul Winders answered:
I have done several of these for clients and can hep you. What is the address and sale date. 707 975 4033 or . I presume you know you need and have cash to make the purchase........ ... more
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Sat Aug 18, 2012
Robert Chomentowski answered:
You don't have to move out on that exact date. After the auction either and REO broker will be calling you (if the property when back to the bank) or an investor if the investor bought the property at auction. At that point you can speak to them about moving out. ... more
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Wed Jun 29, 2011
Ray Snook answered:
Often if it does not sell at auction it is usually transferred to the original owner's lender and becomes an REO (Real Estate Owned) property. It is then listed with an REO agent for sale.

Hope that helps

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Fri Dec 16, 2011
Molly Hay - Mosley, CDPE,CNE, MIP, SFR answered:
It agent can send you a list homes that are scheduled for a sheriff sale or Auction. Those homes may or may not be in the MLS.
0 votes 12 answers Share Flag
Sat Aug 18, 2012
Steven Ornellas answered:

I would suggest you review the responses in this related post:
"My home was foreclosed on in Sept 2009. My HOA JUST sent me a bill for unpaid dues.."

Bottom Line: you may want to speak to a Real Estate lawyer for a legal opinion.

Best, Steve
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Sun Aug 18, 2013
David Cooper answered:
The first question B of A is going to ask "what is your hardship" and then they will ask for a list of assets and liabilities. The banks I have worked with want to see NO assts of any type, including using up your cash and credit lines before they see a "hardship" Iy depends in how much cash you have vs. the total debt you owe.

David Cooper. Las Vegas Foreclosure Investor in Bank Owned Houses with huge Cash Flow. Call for FReee
list. +1-7024997037 not a real estate agent.
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Tue Feb 12, 2013
Saurabh Sethi answered:
There is no information for a house such as the address.
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Sun Feb 13, 2011
Trudo Realty answered:
Just a note: real estate professionals are generally prohibited from providing legal advice, which is what this question requests, unless they are also a licensed attorney. I'd ask an attorney if I were you. ... more
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Wed Jun 1, 2011
Eli Givoni-Short Sale Dept LLC answered:
Hi Jackson,

You should try to do a short sale. You can sell the property for less than you owe, and we will negotiate with your hoa on a settlement amount to be paid at closing.

We are a professional short sale service and would be happy to explain the process to you. Please call us directly to discuss your specific situation. Our services are FREE to homeowners. We look forward to hearing from you.

Eli Givoni, Director
Short Sale Department, LLC
Serving all 50 states
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Thu Jan 20, 2011
Richard Murphy answered:
Do you have a solid Cash offer, and is your Investor using an Independent third party Negotiator, or are you using a Realtor. When this started you should have Googled Short sale Investors. Then add the Realtor
It seems today the Realtor is just getting a few Offers and submitting them to the bank like they would a standard sale. A Short sale is about you, not the Bank. The Realtor has no skin in the game, it is between the Owner and the Investor / Buyer the only rule is it has to be listed with a Realtor, but having the Realtor do the Negotiations might not be the best avenue. Is your Realtor doing what is best for you, or is it best / easiest for them?

Good Luck
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Sat Oct 23, 2010
Samantha Balancio asked:
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Sun Mar 27, 2011
K Elmi answered:
Technically yes, the HOA is only selling the house to collect the past due balance, once you agree to pay that the would try to get the pervious owner out of the subject property,
You can move in but since the pervious owner most likely will stop paying for that property and the house would be foreclosed, unless you keep paying the mortgage as agreed with previous home owner.

Oh one more thing in California the pervious owner can redeem the property back with in 90 days of the auction date by paying the amount owed.
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