Distressed Properties
Free Foreclosure Workshop
Wednesday, January 13th, 2010There are two upcoming workshops for people who are worried about foreclosure or are going through the foreclosure process. The event is presented by OC HOPE (Orange County Home Ownership Preservation Collaborative) and sponsored by the Orange County Association of REALTORS. The workshops are free and will be in both English and Spanish. You will […]
You Can Quitclaim Title But Not The Loan
Friday, November 6th, 2009Common divorce scenarios:
A couple is going through a divorce. One spouse wants to keep the house and agrees to make the payments. The other spouse wants to rid himself or herself of the house all together.
or
Due to the recent decline in the market, the house has lost value and there is little or no equity. […]
Investors Beware
Monday, November 2nd, 2009Many savvy investors buy and sell real estate by doing 1031 exchanges. With the decline in real estate prices over the last few years, some investors may think they are selling a property at a loss and therefore do not need to do another 1031 exchange. But before you do anything, be sure and consult a […]
Make It Your Highest and Best Offer
Monday, July 20th, 2009I have had this conversation with several clients recently regarding bank owned listings. When you make an offer, it must be your “highest and best”. While it is understandable that buyers do not want to pay more than they have to for a property, the old days of making a low offer and expecting a seller to counter do […]
“Cash for keys” Program
Sunday, May 24th, 2009A loan modification or short sale is not always the answer for a homeowner facing foreclosure. However, at least in some cases, a “deed-in-lieu” option may help. The new Foreclosure Alternative Program (FAP) has a deed-in-lieu program that may help some homeowners. Under this program, sometimes referred to as “cash for keys”, the bank takes back the home from […]
Beware of Foreclosure Scams!
Tuesday, April 7th, 2009It is already bad enough to have suffer through the heartache and stress of the foreclosure process and the possibility of losing your home. But to be the victim of a scam that takes advantage of you makes it even worse.
The increase in the number of foreclosures has also increased the number of predators preying on vulnerable […]
Only Looking At Short Sales Is Short-Sighted
Thursday, April 24th, 2008Buyers who are looking solely at distressed properties may not be getting the “good deal” they are looking for. So many people are constantly viewing sites that post homes in foreclosure or that are bank owned thinking that this is where they will find good deals. Just because a property is a short sale, in foreclosure, or is bank owned […]