In California, most foreclosures are done as non-judicial foreclosures, meaning that they do not require that a lawsuit be filed. California Non-judicial Foreclosure Process
Notice of Default (NOD) is filed Trustee must wait at least 90 days after the NOD is filed to file a Notice of Trustee Sale (NTS) 21 days after NTS is filed, trustee can hold an auction sale
The process can take longer than this, … (3 comments)
Some believe the recession is over, and we are in recovery. Others say we still haven't seen the end of it.
I do not have an economics degree, but it seems to me that this recession will not truly be over until the American home owner is comfortable in their own home.
The American Dream of owning a home, has become a nightmare to millions of Americans in the last few years. Instead of being a point of pride and comfort, owning a home … (9 comments)
foreclosure: You Owe more on Your Home than It's Worth, and You Don't Know What to Do. Come Find Out About Your Options
- 08/26/09 05:56 PM
Do you owe more on your Orange County, CA home than it's worth? If you do, you're not alone. 21% of homeowners in Orange County owed more on their homes than it was worth at the end of 2008. 13% of mortgage are in default. The median home price in Orange County was down 38% as of December 2008. Are you one of these people? Do you wonder whether President Obama's Home Affordable plan might apply to you? Do you want to refinance but can't because you're upside down in your Orange County home? Do you want to know what a … (6 comments)
This is a series for people who are "upside" down in their homes and looking to learn about their options. For the the first three posts see You Owe More on Your Orange County, CA Home than It's Worth & You Don't Know What to Do Reinstatement & Forbearance Loan Modifications and Obama's Making Home Affordable Obama's Making Home Affordable Refinance Program. Short Sales - What … (6 comments)
This is a series for people who are "upside" down in their homes and looking to learn about their options. For the the first 3.5 posts see You Owe More on Your Orange County, CA Home than It's Worth & You Don't Know What to Do You Owe More on Your Orange County, CA Home than It's Worth & You Don't Know What to Do - Options 1 … (4 comments)
foreclosure: You Owe More on Your Orange County, CA Home than It's Worth & You Don't Know What to Do - Option 3.5 - Obama's Making Home Affordable - Refinance Program
- 08/19/09 04:33 PM
You Owe More on Your Orange County, CA Home than It's Worth & You Don't Know What to Do - Option 3.5 - Obama's Making Home Affordable - Refinance Program This is a series for people who are "upside" down in their homes and looking to learn about their options. For the the first three posts see You Owe More on Your Orange County, CA Home than It's Worth & You Don't Know What to Do Reinstatement & Forbearance and Loan Modifications and Obama's Making Home Affordable. In my last post, I discussed the loan modification program available under Obama's Making Home Affordable program. … (4 comments)
foreclosure: You Owe More on Your Orange County, CA Home than It's Worth & You Don't Know What to Do - Option 3 - Loan Modification & Obama's Making Home Affordable
- 08/17/09 04:27 PM
You Owe More on Your Orange County, CA Home than It's Worth & You Don't Know What to Do - Option 3 - Loan Modification & Obama's Making Home Affordable This is a series for people who are "upside" down in their homes and looking to learn about their options. For the the first two posts see You Owe More on Your Orange County, CA Home than It's Worth & You Don't Know What to Do and You Owe More on Your Orange County, CA Home than It's Worth & You Don't Know What to Do - Options 1 and 2 - Reinstatement & … (6 comments)
foreclosure: You Owe More on Your Orange County, CA Home than It's Worth & You Don't Know What to Do - Options 1 and 2 - Reinstatement & Forbearance
- 08/15/09 04:37 PM
You Owe More on Your Orange County, CA Home than It's Worth & You Don't Know What to Do - Options 1 and 2 - Reinstatement & Forbearance This is a series for people who are "upside" down in their homes and looking to learn about their options. For the introduction see You Owe More on Your Orange County, CA Home than It's Worth & You Don't Know What to Do . Many people don't realize that when you owe more on your Orange County, CA home than it's worth and you don't know what to do, when you are having trouble making your … (2 comments)
foreclosure: You Owe More on Your Orange County, CA Home than It's Worth & You Don't Know What to Do - Intro
- 08/13/09 04:35 PM
You Owe More on Your Orange County, CA Home than It's Worth & You Don't Know What to Do - Intro What are today's statistics for homeowner's in trouble? Over 12% of people are not making their mortgage payments. 6 out of every 10 Orange County homes purchased in 2006 are upside down, meaning they owe more on their home loan than their house is worth*. For homes purchased in Orange County in 2007, the numbers drop slightly almost to 4 in 10*. Orange County median home values have dropped approximately 40% from their high just a few years ago. … (2 comments)
foreclosure: Do You Owe more on Your Home than It's Worth, and You Don't Know What to Do? Come Find Out! Free Seminar - Short Notice
- 07/08/09 05:33 PM
Do you owe more on your home than it's worth? If you do, you're not alone. 21% of homeowners in Orange County owed more on their homes than it was worth at the end of 2008. The median home price in Orange County was down 38% as of December 2008. Are you one of these people? Do you wonder whether President Obama's Home Affordable plan might apply to you? Do you want to refinance but can't because you're upside down in your home? Do you want to know what a loan modification is and if you should get one? Do you … (0 comments)
foreclosure: You Owe More on Your Home than It's Worth . . . and You Don't Know What to Do . . .
- 04/18/09 07:17 AM
This Monday, there is a free seminar for people who are upside down in their homes and don't know what to do. Monday, April 20, 2009 at 7pm Costa Mesa Donald Dungan Library at Lion's Park 1855 Park Ave., Costa Mesa Whether you just want to know if it's possible to refinance and take advantage of historically low rates or the bank is calling and you're being threatened with foreclosure, attend this seminar to learn how to survive in today's economic climate.
For more information, see Is Your Home Fading Away? ***************************************************************************** About the author: Christine Donovan is a California Residential … (0 comments)
foreclosure: Real Estate Vocabulary in Today's World
- 03/07/09 03:31 PM
Today there are more and more terms to confuse you as you look to buy or sell your home. REO, Short Sale, Bank Owned, Foreclosure, Tax Credit. Do you know what it all means and how it affects you?
You've decided to buy or sell your home. Is your head spinning with all the ideas, words and concepts? Here's a quick course in some of today's most common Real Estate Vocabulary. REO/Bank-owned/Real Estate Owned/Bank-owned Foreclosure - These are all terms that means the bank/lender took the home back from the previous home owner. It is the bank who will selling the … (0 comments)
foreclosure: Can't Pay Your Mortgage? Free Seminar in Costa Mesa Teaches You About Your Options.
- 03/06/09 03:51 PM
FREE SEMINAR More than 11% of people are not making their mortgage payments. 7 out of 10 will do nothing before the bank takes their home. Do you want to be one of the 3? If the bank is calling or you're being threatened with foreclosure, attend this seminar to learn how to survive in today's economic climate. A foreclosure could affect your credit, your job and your security clearance, but learn about loan modifications, short sale, forbearance and reinstatements.
For more information, see Is Your Home Fading Away? ***************************************************************************** About the author: Christine Donovan is a California Residential Real Estate Broker … (2 comments)
If the bank is calling or you're being threatened with foreclosure, attend this seminar to learn how to survive in today's economic climate. A foreclosure could affect your credit, your job and your security clearance, but learn about loan modifications, short sale, forbearance and reinstatements.
For more information, see Is Your Home Fading Away? ***************************************************************************** About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate. For more information on Costa Mesa homes or the value of a particular home please visit Costa Mesa home … (6 comments)
Do you know the 8 possible solutions to this problem?
Reinstatement - pay the loan and all past due amounts, charges and fees to bring your mortgage current Forebearance - obtain an agreement with the bank for a payment plan while you get back on your feet. Modification - obtain an agreement from the bank to modify the terms of your loan whether it's the amount of … (6 comments)
foreclosure: Costa Mesa Real Estate Values - Distress Sale vs. Standard Sale - How Much Difference in Price?
- 06/11/08 09:20 AM
I came across a question from someone wanting to know the median price of all non-distress sales (i.e. not bank-owned, not in foreclosure, not REO's, not trust sales, not in probate) in Costa Mesa last month. He wanted to gauge what the values might be after the supply of distressed properties dwindled. The median sales price for all apparently non-distressed sales in May 2008 was $538,250, while the median sales price for all sales, including distressed properties, was $530,000, which is less than a 2.5% difference. What was interesting was the fact that of the 47 sales, only 22 were non-distress sales. Looking … (4 comments)
Related Links:
Christine Donovan
Broker/Attorney 714-319-9751 DRE01267479 - Costa M
Author Bio: Christine Donovan is a real estate broker and attorney. She is a lifetime local resident of Orange County, and the head of the DonovanBlatt Team which specializes in real estate sales and purchases in the Orange County area with a focus on Costa Mesa, Newport Beach and Huntington Beach.
Can I Do a Short Sale if I'm in Foreclosure in Orange County? 
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