Foreclosure
The word foreclosure for many property owners conveys the images of possible financial ruin, dread and fear. While for others, including many real estate investors and home buyers, the word conjers up visions or positive investment or economic opportunity. Regardless of your personal perspective, Foreclosure is possibly the most misunderstood aspect of the residential real estate market.
Latest Foreclosures - Search San Fernando Valley, Conejo Valley or San Gabriel Valley Foreclosed Homes for Sale Click Here
Purchasing real estate or homes directly from the bank or lender is preferred by many real estate investors and home buyers because it can be a more predictable and less-emotional home purchase process than buying from the distressed seller who is facing foreclosure and may or may not go through (or be able to deliver title) with the transaction.
Learn How to Buy Foreclosures
First, most home buyers do not realize the first misconception - and it's a big one! Not every Bank Owned Property or REO is good deal. Many banks with property for sale in the North Los Angeles area seek to obtain market value for properties that they have foreclosed on in order to attempt to recoup as much of their losses against their loan balance as possible. Others lenders are more focused on liquidating REO Real Estate Owned - an Accounting Term for Banks) inventory as these properties represent non-performing assets have a severe negative impact on the lenders books and financial condition. We have extensive knowledge of the foreclosure market and have relationships with asset managers and REO bank officers -- knowledge which is very valuable to a home buyer or investor looking to pick up a foreclosure at a bargain price.
Facing Foreclosure - Stop Foreclosure - Is a Short Sale Right for You?
You can stop foreclosure on your San Fernando Valley, Conejo Valley or San Gabriel Valley Home. For Valley homeowners struggling to make payments or sitting with a home or condo with no or negative equity (and unable to refinance a rapidly increasing adjustable loan) the options may seem dismal. Many Valley area home sellers are looking at the possibility of facing foreclosure.
Every Week, we receive calls from area homeowners who need help immediately - in order to avoid foreclosure! If this is the case with your situation or someone you know in the San Fernando Valley, Conejo Valley or San Gabriel Valley area, you've come to the right place… See our Stop Foreclosure - Short Sale Help Center to learn about your options to avoid foreclosure.
Are you behind on your house payments? One of the scariest things in life can be staring into the face of a foreclosure. We are experts in stopping foreclosure FAST!
If you are an owner of San Fernando Valley, Conejo Valley or San Gabriel Valley real estate that desires to understand what options you may have in avoiding foreclosure or possibly even walking away from your mortgage obligation, fill out the contact form on the right or contact us at 818-216-0591 to schedule a confidential short sale consultation.
The foreclosure process for a Los Angeles homeowner is initiated when the lender files a Notice of Default, or NOD, with the County Recorder after a borrower defaults on their mortgage. The foreclosure process ends when:
Within the mandated grace period of 21 days, as determined by state law (the pre-foreclosure period), the homeowner (borrower) has several options
1). The homeowner pays the lender the amount needed to reinstate the loan, or
2). The home seller who has defaulted is able to sell to a buyer during the pre-foreclosure time period, at a price that will allow the borrower (home seller) to pay off the loan. A situation where the loan is greater than the sale amount, but the lender agrees to a loan pay off that is less than what is owed is referred to as a short sale, or short pay. or,
3) At the end of the pre-foreclosure period - 21 days, a trustee sale occurs on the 'courthouse steps' and the defaulted property is sold at a public auction to a third party, or
4) The lender (Bank) takes ownership of the property through an written agreement (deed-in-lieu agreement) with the homeowner (borrower) during the pre-foreclosure 21 day time period, or
5) The Bank (lender) buys the property at the trustee sale. if this occurs, the bank-owned property is referred to as a real estate owned asset, or REO.
Foreclosures
$949,000
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Decreased $15,000
1335507142
4235 CORNELL Road , Agoura Hills
Sold in as-is condition. Buyers are to verify all. Home has lots of space, great views, but is completely gutted. Property is only the main house, pool, and tennis court....
- Beds 6
- Baths 7
$878,900
6165 FAIRVIEW Place , Agoura Hills
Looking for the one story contemporary floor plan with large open floor plan, high ceilings, wonderful hilltop setting overlooking the hills and canyons of Cheesboro Park...
- Beds 4
- Baths 3.0
$850,000
▲
Increased $100,000
1314253659
6351 FENWORTH Court , Agoura Hills
<p>3,369 Sq Ft Living Space on 8,581 Sq Ft Cul-de-Sac Lot. 4 Bedrooms, 3.5 Baths, 3-Sided Atrium (Between Family Room & Kitchen), 2 Car Garage. <p>Tile Flooring, Wall-to-...
- Beds 4
- Baths 4.0
$767,900
▼
Decreased $32,000
1335507184
3435 STONERIDGE Court , Calabasas
Reduced $32K! Calabasas home behind gates with only 11 other homes. Located at the end of the cul-de-sac with beatiful views of the mountains. Title shows 4 bedrooms th...
- Beds 4
- Baths 3.0
$699,000
▼
Decreased $50,000
1335679590
25053 Mulholland , Calabasas
HUGE MAJOR REDUCUTION.....BANK NOW WANTS THIS SOLD ASAP!!! Lowest priced property around! Prime real estate located on almost an acre of land, 40,000+ sqft lot w/rolling ...
- Beds 5
- Baths 3.0
$571,111
▼
Decreased $40,000
1332569896
24663 Dry Canyon Cold Creek Road , Calabasas
Single family residence in nice calabasas neighborhood. **See private remarks below**
- Beds 3
- Baths 2.0
$429,000
5415 MEADOW VISTA Way , Agoura Hills
This is a short sale. Nice family home with a view in th Hillrise area.
- Beds 3
- Baths 2.0
$399,900
29304 Tree Hollow Glen , Agoura Hills
Newly renovated 3 bedroom + 1.75 bath, single story in Hillrise! End of cul-de-sac location. New carpet and new paint inside and out! New appliances and some new fixtures...
- Beds 3
- Baths 2
Information Deemed Reliable But Not Guaranteed. © 2012 CARETS ®
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