guarantee's Q&A

Pre foreclosure is a general term. Foreclosure is a process not an event. you typically go into foreclosure when you start missing house payments. typically after the 3rd missed payment (in this market it depends) the bank can issue a NOD ( Notice of default) which is approximately a 3 month process before the issue an NOT which is a notice of trustee sale. After that it is called an REO or bank owned property. preforeclosure typically refers to the NOD process. If you have missed payments it is best to short sale the property as it is not as bad on your credit as a foreclosure. The 90 day moritorium is not all inclusive some banks have filed exemption and they are taking homes back. Let me know if you have any other questions.Frank Bernardowww.soldin19.comwww.frankbernardo.com818-263-7265

The highest sale in your area is 595,000. There are alot of homes being listed at high prices and then having significant appraisail problems. I would be real careful when pricing your home and your agent should have a back up plan if the appraisal does not come in. Frank Bernardo818-263-7265www.soldin19.comwww.frankbernardo.com

Its a very spotty area sales are ranging from 275000 to over 400000 most likely if its in bad condition 350,000 approximately. Let me know if you have any other questions.frankbernardo.comwww.freereohomelist.com818-263-7265

37039 Velutina WayPalmdaleCA 93550

37039 Velutina WayPalmdaleCA 93550