Category Archives: Foreclosure properties

Risk of Buying Homes at Auction After Foreclosure in California

Risk of Buying Homes at Auction After Foreclosure in California Trustee sale auctions after foreclosure in California are where the property is auctioned to the highest bidder at a time and place indicated by law-required public notice.  No title insurance … Continue reading

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New California Law Requires Lenders to Record Foreclosur​es

New California law – AB 2273 – on lender foreclosures requires lenders to record foreclosure sales within 30 days of the foreclosure. This bill was passed and signed into law by the governor in September this year – and will … Continue reading

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3 Ways to Buy an Orange County CA Foreclosure Property

3 DIFFERENT WAYS TO BUY A FORECLOSURE AT ORANGE COUNTY CA REAL ESTATE: 1. PRE-FORECLOSURE “SHORT SALE” When an Orange County CA property loan is in arrears for 30 days or more, lenders usually start the California non-judicial foreclosure process with filing … Continue reading

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Trustee Sale Auctions After Foreclosure Scheduled at Irvine CA Real Estate

Irvine CA real estate has been a hotbed for active investors who want to buy foreclosure homes and properties – at both trustee auctions after non-judicial foreclosures – and when properties are listed again as REOs on the MLS. Number of Irvine properties in the … Continue reading

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Costa Mesa Foreclosure Filings at Orange County CA Real Estate

Costa Mesa foreclosure filing numbers for October 2011 at Orange County CA real estate were interesting. The 42 notices of default at Costa Mesa real estate for October 2011 were down from last month and also last year, and the 40 … Continue reading

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Irvine CA Foreclosures ~ Filings and Outcomes for June 2011

Even though Irvine CA is the economy driver at Orange County CA and has lots of jobs at private and public sector employers, foreclosures continue to be an important part of the real estate landscape. Irvine was like other cities in California during June 2011 and had … Continue reading

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Newport Coast at South Orange County ~ 3 Bank Owned Properties Now Listed for Sale

  Spectacular Newport Coast at South Orange County CA now has 3 REO lender owned properties listed for sale after foreclosure.             __________________________________________________________ See NEWPORT COAST lender owned properties listed for sale after FORECLOSURE – click here for … Continue reading

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Deed-in-Lieu as Foreclosure Avoidance ~ Property Owners Should be Very Careful

  Owner foreclosure alternatives such as SHORT SALE with incentives are out there ~ HAFA,  California TAP, and Bank of America Cooperative.  A DEED-IN-LIEU of foreclosure is not such a good opportunity (in this writer’s opinion) for a borrower/mortgagor/homeowner to transfer all interest in … Continue reading

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Foreclosure Filing Numbers Down in California & Orange County

  Foreclosure filings in California fell to the lowest level since the fall of 2008. Notice of Default filings dropped 25.8% in California, and Notice of Trustee sale filings fell 10.9% from March 2011. On a year-over-year basis foreclosure filings were down also, with Notice … Continue reading

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Short Sale Issue of Costs to be Paid at Closing

  Short sale buyers should know or get information about the possibility that seller’s lender/lienholder might not agree to pay for all costs at closing.   Some of these costs at short sale closing might otherwise be the seller obligation (like title insurance, … Continue reading

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