Advice

  • (6 Contributions,
  • 0 Best Answers,
  • 0 Helpful)

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The best forclosure site?

Answer

Any place that gives access to the MLS. The problem with realtytrac and the like is that their information (from my experience) is not exact and many listings they claim to have won't be seeing the market for a variety of reasons. They're very appealing... that is, until they ask for $50/month to get a list of homes that aren't for sale yet. Kinda interesting

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How to purchase a property before NOD filed

Answer

Let me say, that's kind of tricky. and NOD is filed as a result of a delinquent payment, so the two really go hand in hand. There are sources and some listings that specify taking over payments though

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Can I found anything around $280,000 in Tustin Ranch?

Answer

Maybe not in Tustin Ranch, but there are some on the Tustin-North Tustin- Orange East of the 55 area for $280-350K. Most are short sales, but there are some good buy foreclosures there now and coming up!! I'm excited as our team does foreclosures, so we intend to have more there.

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Fannie, Freddie Suspend Foreclosures Through Jan. 9

Response

My team leader was at the Fannie Mae meeting out in Texas about a month ago and told us about how this would be announced. He said that those two wanted to show that they "have a heart" when it comes to defaulting homeowners during the holidays. It is a nice gesture, but as another said its just delaying the inevitable. Come January 9th, all of us REO agents will be working hard to sell these as low as possible, getting buyers who can actually make the payments. I hope I don't sound rude, I'm just saying it as it is!

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realtors are hiding foreclosures ? Is this a rumor?

Response

I'm coming late to this post and its kinda scary. Anyway, I didn't read all of the posts, but I just wanted to share that here in Orange County, we and other REO agencies do a very good job posting them as soon as possible. A lot of us can pre-market to those we know who are looking in the given areas, but we do not hide our listings. Many of us pre-market on craigslist and what not. If that does occur, I'm sorry to hear it. I hope you will find an agent with the tools, technology, and integrity to serve your best interest as his/her fiduciary duty requires!!!

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Corona Market

Response

Very possible, doing it right now!! 4 bed 2.5 bath 2680 sqft. and we're offering 280K. Wanna see?

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