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Foreclosure in West Covina : Real Estate Advice

  • All82
  • Local Info6
  • Home Buying17
  • Home Selling5
  • Market Conditions1

Activity 6
Thu Jan 10, 2013
Shaukatali Kadibhai answered:
Hello Kit,
When you buy foreclosed property in auction you have to pay the FULL amount in CASH.
I have done this in Florida but may differ in other states.

So there is no down payment or monthly payments.

Please contact the court house for the procedures.
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Wed Apr 4, 2012
Marie Souza Team answered:
Acal - Yes, it is possible. The time line varies. Talk to a lender that can help you with what you need to do 1st. Also, start working on your credit as that can take a while to repair.
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Mon Feb 13, 2012
Robert D Hughes answered:
Acal, every state is different in their foreclosure process. Again check out your location on Google, contact a reputable Foreclosure-attorney to verify the laws of West Covina, CA 91792. In Pennsylvania secondary liens like 2nd, 3rd mortgages usually receive nothing or a very small amount. As the 1st lien holder is usually taking a loss, so there isn't much or anything left over for junior lien holders.

Again best of luck, and verify all info with reputable/knowledgeable professionals please.

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Wed Apr 7, 2010
Kyle answered:
Find and agent that does short sales, get it listed ASAP and see what happens....don't waste anymore time.
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Thu Nov 6, 2008
L.A. Real Estate Group answered:
Hi Steven,
Our records indicate that this was purchased by one financial institution from another. The property was foreclosed in 2007 then sold to another financial institution in 2008...They in turn will probably try to relist it and sell it for as close as market value as possible.
Let me know fi i can help you with any other information.
Good Luck,

LA Real Estate Group
Lou Arakelian
Alex Golshan
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Tue Oct 28, 2008
Durenda Fachtmann CEC CRS GRI answered:

No one has the crystal ball answer to whether or not prices will decline over the next 6 months, nor what interest rates will be in 6 months.

Interest rates are exceptionally low now, and there are many exceptionally good values on the market now.

If you find the home you like "the one that gives you the warm fuzzies", you may want to strongly consider buying it. You will probably be very happy in the long run

Best of luck
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