I hope that you find this information helpful. We’ve provide the steps associated with the California Trustee’s Sale (Foreclosure) below. You can also download a chart of the process by clicking this link (PDF): California Trustee’s Sale (Foreclosure)
CALIFORNIA TRUSTEE’S SALE (FORECLOSURE)
Steps
Borrower Defaults
The Borrower (Trustor) has not made good on the loan. The lender (beneficiary) begins foreclosure by requesting the […]
6/10/14
The Wall Street Journal published the above article indicating that those folks in the 20’s-30’s age group
are struggling to purchase their 1st home. The recession has left them with limited job prospects and lots
of education debt.
The article goes on to say they they have credit rating scores that preclude them from buying from traditional
FHA lenders. Before the recession and […]
2-17-2016
More Valley homeowners gain equity in 3rd quarter
This article from the valley’s business newspaper “The Business Journal” indicates
that 15.4 % of residential properties in Fresno County that have mortgages have
negative equity….they’re upside down on their loan. This is an improvement from
the 3rd quarter in 2014 which had 19.3% with negative equity.
This is good news overall for Fresno’s real estate […]
Oct 22, 2014
For those of you who live in the Fresno or Clovis, CA area, there is a website that tries to help families determine
if they can qualify for assistance. They’re providing program information and a listing of the participating servicers (lenders and others).
Here’s a summary of the four programs:
1)Unemployment Mortgage Assistance – They will help make your mortgage […]
12-29-2014
As I look back to the Fresno and Clovis real estate market around 2006 – 2007 ,
there was a buying spree that drove prices to new highs. And as we all know, what
followed impacted most of California and the country; it was called the “Great Recession.”
First houses stopped selling, followed by prices declining and then foreclosures began
piling up as […]
9/29/14
The most recent article from PropertyRadar.com, indicates that home values and sales volume for California homes are slowing down.
This negatively affects two groups of homeowners: those who would like values to continue to grow because they owe more than there house
is worth and those who need to sell there home right away. This slowdown has been our experience here […]
9/19/2014
I published this article on my blog a while back, for those needing to sell it’s worth reading. One of the CONS mentioned is the risk of being taken by a scam artist. See the article and my comments below.
Jan Weston
Forbes magazine has an interesting article with the above title: It goes into the pros and cons of selling […]
8/22/14
The Business Journal posted an article summarizing the condition of the housing market for distressed properties; those sold at a short sale, foreclosure, and bank owned properties. For June, in Fresno County 17% of all properties were sold as “distressed” in June 2014. The state wide amount for California stood at 9.7%.
Historically, and I believe it holds true now, […]
7/28/14
The state of California recently passed Assembly Bill 1393 that says there are no state tax consequences if you have a home where the debt was cancelled or forgiven by the lender due to a principal reduction from a loan modification. Say for example you renegotiated the loan on your house and the lender reduced your principle balance by […]
11-6-2013
A lot of our business comes from parties who have a need to sell there house quickly. These include those who owe more on their home than they’re worth, some who are being foreclosed upon, and others who have a home needing many repairs. Because we have cash to buy and the ability to purchase quickly, buyers come to […]