foreclosure: Laguna Beach CA Trustee Auctions Scheduled After Foreclosure
- 09/10/12 03:13 AM
Even though foreclosure filings have declined recently, some South Orange County cities continue to have trustee auction sales scheduled at the end of the process. Laguna Beach CA - now has 43 properties scheduled for trustee auction sales at some time during the next 60 days. Newport Beach CA - 138 properties now scheduled for trustee auction sales after foreclosure. Newport Coast CA - 26 properties now scheduled for trustee auction sales after foreclosure.
Contact us here is you want information about preforeclosure, foreclosure and REO properties at Laguna Beach or other areas of South Orange County CA. … (0 comments)
10 Via CoralleTract: PerazulAuction Date: 10-28-2010Time: 10:00 AMLocation: 401 E. Chapman, Placentia, CATrustee: First American LoanstarPublished Bid: $1,885,377Assessed value: $2,482,000TS no. 2009-9070817867 18 Via AmbraTract: PerazulAuction Date: 11-15-2010Time: 3 PM Location: 300 E. Chapman, Orange, CATrustee: TD Service Co Published Bid: $2,591,453 Assessed value: $2,240,000TS no. F394847-CA 23 OverlookTract: CassisAuction Date: 10-29-2010Time: 12 PM Location: 700 Civic Center Drive West, Santa Ana, CATrustee: California Reconveyance Published Bid: $3,153,830 Assessed value: $2,000,574TS no. … (0 comments)
foreclosure: California Home Sales at Foreclosure Auctions Are Down
- 04/14/09 10:37 AM
With negative California economy news, we are not surprised to learn that home foreclosure notices were up during March. According to ForeclosureRadar monthly California Foreclosure Report for March 2009, Notices of Default, the first step in the home foreclosure process, reached a record level and higher than the prior peak in April 2008. However, while California foreclosure notices were up, home sales at auction decreased to the lowest levels since the third quarter of 2007. Sounds like improving news to me. Is this decrease of auction sales a trend? We will see how this develops. Is this California decrease of home sales at auction because of US government recent involvement in the home foreclosure … (9 comments)
HOMEOWNERS BEWARE: FORECLOSURE RESCUE SCAMS (click here for the article) Some characteristics of possible mortgage rescue scams are ... Asks for money to be paid up front without providing any services. Instructs you not to contact your lender, lawyers, neighbors and friends. Asks you to make your mortgage payments directly to this person and not to your lender. Requires payment in advance in the form of cash, cashier's check, or write transfer. Promises to stop the foreclosure process, no matter the cirsumstances. Asks for something to be done immediately and without delay. … (1 comments)
29 ALICANTE AISLE - $265,000 33 COSTA BRAVA - $329,999 Check out the Fannie Mae special financing opportunities on its REO homes at HomePath.com. Fannie Mae guidelines on these REO homes ~ 97% loan with three percent down for owner occupied financing with no mortgage insurance. Check it out that Fannie also offers special financing for investors who want to buy its REO homes. FHA guidelines ~ Down payment of 3.5 percent. Also require some of loan amount to be … (2 comments)
foreclosure: HOPE FOR HOMEOWNERS within the U.S. FORECLOSURE PREVENTION ACT OF 2008
- 07/31/08 06:37 AM
People ask whether there is HOPE for them from possible home foreclosure in the new law signed by President Bush on July 30, 2008 (U.S. Housing & Foreclosure Prevention Act of 2008).Everyone should be careful about this and get the advice from qualified Realtors and mortgage professionals.We set forth below a copy of the actual text of this part of the legislation. Posted by Harrison K. Long, Explore Properties Group, July 31, 2008Source: Government Bill Tracking
________________________________U.S. Housing and Foreclosure Prevention Act of 2008 H.R. 3221TITLE IV--HOPE FOR HOMEOWNERSSEC. 1401. HOPE for Homeowners Act of 2008SEC. 1402. ESTABLISHMENT OF … (7 comments)
foreclosure: Banks & Lenders Are Taking Less Than What's Owed At Trustee Sales After Foreclosure
- 05/14/08 01:23 PM
It's interesting that in Orange County, California, during April, 2008, buyers took foreclosure homes off the bank and lender hands at trustee sales for 21.5% less than the amount owed. One year ago during April, 2007, the banks and lenders weren't so interested in discounting at trustee sales. Perhaps the banks are getting smart.It was reported that 84 percent of properties sold at the OC, California, at trustee's sales during April, 2008, were offered at a discount.Posted by Harrison K. Long, Explore Properties Group, May 14, 2008Source: Orange County Register, May 14, 2008 Labels: foreclosures, Home Ownership Economics, lenders, Lending … (0 comments)
foreclosure: What To Do If You Are Upside Down and Unable to Make Payment on Notes Secured by First and Second Deeds of Trust on Your Home
- 05/07/08 06:04 PM
You might owe more on your notes secured by a first deed of trust and on the note secured by the second on your home. What do you do? Here in California we have the ONE ACTION RULE, the law preventing lenders from both foreclosing and suing you on the note. If the lender chooses the non-judicial foreclosure process, he is then prevented from suing you on the note itself. However, if the lender fails or declines to foreclose on the note, he retains the right to file and prosecute a civil lawsuit and get monetary judgment against you. This could happen to you. It is more common these … (1 comments)
foreclosure: Is A Home Buyer Equity Sharing Arrangement a Good Thing in This Market? -- Part One
- 05/03/08 09:02 AM
A man contacted us a week ago about his predicament. He and his wife had entered into an EQUITY SHARING AGREEMENT with a mortgage broker during 2006 to buy a home in South OC, California. This family made payments to the mortgage company as rent on the agreement. The mortgage company in turn made some payments to the lender on the note. The mortgage company went out of business six months ago and is not now making payments. This family could be facing foreclosure and evication? Was this EQUITY SHARING ARRANGEMENT a good thing?
Investments in real property can … (12 comments)
foreclosure: What Should You Consider When Thinking About Foreclosure Buyer Opportunities?
- 03/28/08 04:22 AM
What Should You Consider When Thinking About Foreclosure Buyer Opportunities?Buyers must be pre-approved for a loan by a lender. Source of Down Payment Must be confirmed.The bank could require that you finance your purchase with them. Expect competition for your offer. Some buyers bid on multiple properties. Banks won't accept offers that are contingent on selling your home. The best deals generally are those properties with the longest time on the market. Bank-owned homes typically sell at less than their listing price. Get your own buyer inspection of the property.Consider the cost of repairs or damaged or missing appliances when bidding.The bank will make a counter-offer to your first … (1 comments)
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