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Foreclosure in Woodland Hills : Real Estate Advice

  • All93
  • Local Info5
  • Home Buying26
  • Home Selling1
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Activity 5
Tue Aug 17, 2010
Rebecca Chambliss answered:
If the Seller's don't have any money (which is likely the case in a short sale) they can't pay. If the bank won't pay, then the sale will not go through. The agent can ask the bank, and if they refuse then the only options to pay it are you and/or each agent. Sometimes it can be split 3 ways between the buyer and each agent. The agents are resonsible because they had you sign something that wasn't accurate. ... more
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Thu Jan 29, 2009
Under The Bus Capital Investments answered:
That's easy!!!

MORE FORECLOSURES!!!

Same bus, second shift!
http://www.cbsnews.com/video/watch/?id=4668112n

FHA-backed loans: the next subprime crisis?
http://www.msnbc.msn.com/id/27844894/

Half of 'rescued' borrowers still default
http://money.cnn.com/2008/12/08/news/economy/mortgage_summit/index.htm?postversion=2008120917

Dynamic Maps of Nonprime Mortgage Conditions in the United States
http://www.newyorkfed.org/mortgagemaps/

Worst year for jobs since '45
http://money.cnn.com/2009/01/09/news/economy/jobs_december/index.htm?postversion=2009010912

ADP National Employment Report
http://www.adpemploymentreport.com/

Remember, the crystal ball you are looking at is the hood ornament of the bus!

"I see treadmarks in your future...!"
-The Bus Driver
... more
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Mon Aug 25, 2008
Susan Wesely answered:
AA - good questions! You can write anything in that you want. Whether the banks will accept it is the question. An inspection contingency is common, and you should include one. People may be waiting a long time because they are offering on "short sale" homes that are not yet REOs. These take long times. Also, people may not think of limiting the contract, or may really want the home - even if they have to wait a while. In WI, the standard offer to purchase has a place to put an expiry date. IN MN, it doesn't. I would put a timeframe in offers on REOs, and have even done so on short sales (although those allow more time...). In MN, I have to write these in. If there are comps that support a price 20-30% low, then definitely go for it! The worst that can happen is a rejected offer, and you may get a counter, or even an acceptance! Best of luck! ... more
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Wed Jan 12, 2011
Dyanna answered:
Hello Bruce.
I am a great agent that specializes in short sales and foreclosures, as a matter of fact I was published in the Press-Telegram, Learning to Follow the Steps of Foreclosure. If you e-mail me, I will send you the article and let you decide who is best for you. My e-mail address is dyannaavila@hotmail.com

Dyanna
... more
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Thu Jan 29, 2009
Dyanna answered:
Hello Bruce. In dealing with short sales and REO's you have to make sure you are being serviced by a real estate agent that KNOWS and UNDERSTANDS short sales and REO's. This property was a short sale, it never went back to the bank or in other words there was no trustee sale. There might have been a NOTICE OF DEFAULT placed against the property,but the bank never took back the property ( this is what the profile shows). When you have a home for sale and it is a short sale, even if there is a pending Trustee Sale date approaching, many banks will postpone that date to work with the offer that has been presented to them. This postponment does not reflect anywhere, but it does exist. Short sales are wonderful if you have someone that can navigate you through them. I have an article in the Press-Telegram that I wrote regarding foreclosures. It is a really good article and explains short sales and REO's very well. Please look it up in the Press-Telegram, under Dyanna Avila, LEARNING TO FOLLOW THE STEPS OF FORECLOSURE. If you have any other questions I would be happy to help.

Dyanna
dyannaavila@hotmail.com
... more
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