Good Job Tim M.
An exception to the rule that title cannot be tried in an unlawful detainer proceeding [see Evid Code § 624; 5.45[1][c]] is contained in CCP § 1161a. By extending the summary eviction remedy beyond the conventional landlord-tenant relationship to include purchasers of the occupied property, the statute provides for a narrow and sharply focused examination [...]
Foreclosures add complexity to title searching.
With the prevalence of foreclosures in the current marketplace, it is more likely that a property being searched was at
one time a subject of foreclosure. As the frequency these searches increases, abstractors will notice that the circumstances surrounding the records are often different from non-foreclosure properties. Here are three examples from just this week of different [...]
How to Qualify a Short Sale Agent
There are a lot of real estate companies and real estate agents in Colorado claiming to know short sales, but they are really just learning the “how-to’s” of short sales. Now even national short sale companies are claiming to know how to process short sales in all states, but do they? Short sales are certainly [...]
How Do I avoid Foreclosure – Part 4
How Do I Avoid Foreclosure:
A step by step process for distressed homeowners.
Part 4
This is the fourth in a series of posts designed to be a step-by-step directory for distressed homeowners to use to try an avoid foreclosure.
We continue the discussion of various options that a distressed homeowner may have. Some of these options only apply [...]
Tenants are protected from eviction due to foreclosure
California protects tenants in two important ways from summary evictions when their landlord loses title to the property through a foreclosure sale. The first protection requires the new owner to give you 60 days’ notice. You cannot be evicted based on a simple 3-day notice to quit. The requirements of the notice are outlined here. [...]
Inland Empire Company Spearheads Local Real Estate Market Turnaround
Rancho Cucamonga, CA – November 18, 2009 – It is widely publicized the turbulent real estate market has hit most communities incredibly hard. Property values have dramatically decreased and in many cases below the mortgage. Matched with record job loss, this has negatively impacted property owners, many of whom have gone into foreclosure.
With the help [...]
What is Creative Financing?
I recently attended an investment group meeting which was open to the public. During their Question & Answer period, by far the hottest discussion topic was “What is creative financing and how does it work?” I found the answers both diverse and interesting. It seems each real estate investor conducts business a little differently.
As you [...]
Foreclosure market is looking up, prices increasing
Times are still tough in the Prescott area residential real estate sector, but the foreclosure market is looking up. While real estate prices, as a whole, have plummeted, prices of foreclosuresin most states are going up, according to the foreclosure listing site Foreclosuredataonline.com.
The company reported that foreclosure sale prices in Arizona saw the biggest increase, where averages [...]
Loan Modification Frequesntly Asked Questions (FAQ)
(1) What is the foreclosure process / timeline in California?
ANSWER: Many people hear the word foreclosure and think of it as an isolated event. It is actually a process that spans 4 or 5 months or so, sometimes longer. We have had Clients who have not made payments for as long as 20+ [...]
Thinking of a Move? – Check the Foreclosures and Sheriff Sales
You may want to take a glance at the local Sheriff Sales and bank activity before you begin your move.
In this market, every buyer and seller is being impacted by foreclosures in the area. Although Pennsylvania and Delaware in general and the Philadelphia area in particular have not seen the overwhelming volume of foreclosures seen [...]
The Foreclosure Timeline
Do you know what the Foreclosure Timeline is? Do you know how it affects you if you are a seller? Or a buyer? Knowing where a home sits on the foreclosure timeline helps determine how long the short sale will take to complete.
In a world where the bank processor’s desk is overflowing with short sale [...]
Investing in Home Foreclosure Properties
Home foreclosure can be a major crisis for some unfortunate homeowners but it can be profitable for real estate investors who have maintained good credit ratings and who have some cash to work with.
The real estate arena can be extremely competitive but if you know your way around investing in foreclosed homes can be a [...]
The Foreclosure Crisis, Renters, and Communities of Color
The narrative surrounding the foreclosure crisis of the past year has tended to focus primarily on the foreclosure of homes that were owned by the people who lived in the them. This article shifts the focus to the rental properties that have been foreclosed upon. Many of the tenants of these rental properties do not [...]
Bank Owned VS FHA foreclosure properties….there is a difference.
There is a big difference between bank owned properties and FHA foreclosures that you must consider if you want to make the big investment. Government owned properties are not always as good of a deal. The best place to buy them from are the banks. I have gotten fast responses and large discounts from offering on [...]
Florida See’s Rise In Property Prices
Wednesday, 20 May 2009
Florida and Arizona see rise in property prices two states in the US that have been badly hit by the property foreclosure crisis are showing signs of recovery with some buyers even entering into bidding wars for bargain priced real estate.
Figures from the Florida Association of Realtors show a surprise rise in [...]
Spartanburg County June foreclosure sale cancelled
The Spartanburg County Master in Equity has cancelled the June 2009 foreclosure sale as a result of the Temporary Restraining Order issued by the South Carolina Supreme Court on May 4, 2009. According to the Master’s website, only one property will be sold on June 1 which involves a private contract for deed.
No word on [...]
How to Fight Wrongful Foreclosure in Nevada?
Foreclosure is on the rise and especially in Nevada. The last time, and that was only a few days ago, I had seen some 30 lawyers in the District Court’s room where all the cases were on foreclosure. It broke my heart when the lenders attorneys’ foreclosed and asked judge [...]
FORECLOSURE PROPERTIES STINK
To supplement my Real Estate practice here in LasVegas I have a Remediation Company called the Touch-Up Man. (robsellsvegas.net) My company gets REO’s and Foreclosed properties ready to sell. There are a lot of Bank Owned properties here in Vegas. When you drive through certain neighborhoods you see sign after sign – FORECLOSED – AUCTION - BANK WILL [...]
How to Understand Washington Real Estate & the Distressed Property Law
The Distressed Property Law, enacted in March 2008, was designed to protect the distressed homebuyer, but in the process the Washington real estate professional was affected. If you work in the real estate industry or are pursing a career as a salesperson or broker, you need to understand this important legislation.
The law protects people facing [...]
Buying Foreclosure Properties – Getting a Loan that Will Stick
Getting a great buy on a foreclosure is simpler these days than getting the loan for it. Many foreclosure properties fall out of escrow because buyers do not have the capital to put in a “bank required” escrow account to resolve damages or costly fixes. Save your capital for the rehab with FHA 203(k) construction [...]