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Foreclosures

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Ruben Rondari
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Notice Of Rescission Foreclosure

Ruben Rondari
  • New to Real Estate
  • 92372
Posted Mar 26 2024, 11:34

I'm a bit lost in this foreclosure situation. I'm considering grabbing this property for wholesaling, but I'd like to know if it's a good idea. I'd appreciate it if anyone could give me any tips on this opportunity and make an intelligent decision.

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Rick Albert#2 House Hacking Contributor
  • Real Estate Agent
  • Los Angeles, CA
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Rick Albert#2 House Hacking Contributor
  • Real Estate Agent
  • Los Angeles, CA
Replied Mar 26 2024, 14:00

Is it in foreclosure and heading to the courthouse steps? This can get complicated if you are racing against time between getting it sold versus the banks take over.

Can you get it sold at a high enough price to pay off the mortgage or is the owner under water?

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Ruben Rondari
  • New to Real Estate
  • 92372
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Ruben Rondari
  • New to Real Estate
  • 92372
Replied Mar 27 2024, 15:20

I appreciate your help. The owner has received notice of the sale. I do not think I will pursue it anymore. 

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