Foreclosure

Bank Of America found errors in 10 to 25 out of the first several hundred foreclosure cases it examined starting last Monday. The problems included improper paperwork, lack of signatures and missing files, the Journal reports, citing people familiar with the results. The nation’s No. 1 lender said some of the defects seem relatively minor, [...]

Currently there are 321 Condos currently Active for Sale in Irvine, and 105 of these listing are Short Sales, representing about 1/3 of the available inventory.  These Short Sale listings range in price from $130,000 for a 1 bedroom, 1 bath on up to $1,499,000 for a 3 bedroom, 4 bath, 2,677 square foot high [...]

You’ve never set foot in the house. How risky would it be to buy it? You have a full-time job. How much time would it take to invest in a foreclosed property?  These homes are auctioned off in front of various government buildings in Orange County virtually every day. The auctions attract investors who seem to know what they’re doing, bidding [...]

If we look at SHADOW INVENTORY for Southern California we will find over 160,000 properties!  These are homes that either have a notice of default filed (missed at least 3 mortgage payments), are scheduled for auction (the next step from NOD), and are bank owned.  What incentive do you have if the value of the [...]

Foreclosure or Short Sale The question always comes up, “Is it better to do a short sale than go through foreclosure?” The circumstances that lead up to the loss play a roll in the final answer along with the timing of how soon someone can purchase another home. These are the guidelines in place by [...]

Foreclosure Time Line The timeline displayed here is typical in a California non-judicial foreclosure. The foreclosure timeline does not begin until the lender feels they have exhausted all avenues for curing the payment delinquency. Normally, this happens after the borrower has missed three monthly mortgage payments and the Notice of Intent to Foreclose has expired. [...]

What Are My Options To Avoid Foreclosure on my Irvine Home. You do have choices to avoid Foreclosure on your Irvine home. First thing you should do is inform your lender as soon as possible. Let them know that you intend to remedy the situation so that they will not have to obtain the property [...]

Can I Stop Foreclosure on my Irvine home? The first way is to immediately bring the loan current. In order to do that you must pay all delinquent amounts as well as any costs and fees incurred by the mortgage company during the time they processed your file to foreclosure. For many borrowers, the loan [...]

How Fast Can A Foreclosure Occur on my Irvine Home? In Irvine, CA a foreclosure can be completed in less than six months from the time the loan becomes delinquent. The foreclosure process can take place two months after the loan becomes delinquent. The first step is to record the Notice of Default. Usually, the [...]

How Fast Can A Foreclosure Occur, What’s The Timeline to save my Irvine home? In Irvine, CA a foreclosure can be completed in less than six months from the time the loan becomes delinquent. The foreclosure process can take place two months after the loan becomes delinquent. The first step is to record the Notice [...]