All Forum Posts by: Account Closed

Hi Eli Martinez Welcome to BP!

Welcome Vanessa K. You're in the right area to begin investing!

We have one and it costs $250 a year. Totally worth it, thankfully have never used it

Hi Gus. I'd be happy to try and help with this. Shoot me a message and we can discuss

Trey Trevilian you're welcome. Let me know if you need any other recommendations...or an agent :) Best of luck!

Welcome Carrie Mansis! Definitely look through the Meetup groups. I've joined a few and they are helpful. Your skills will come in handy in this field!

Originally posted by @Andrew S.:

Originally posted by @Account Closed:

Hi Andrew.  I would try all of the methods you mentioned, however, if an auction is already scheduled, you would probably need to find out if they are already in foreclosure.  If they are, the owner won't be able to do much to help you, you would likely have to communicate with the mortgage holder (and they are unlikely to want to speak with you unless you are offering cash, way above the note amount or what they would be likely to get at auction/fair market value).  

Never hurts to try knocking on their door!

 Thanks Aikane! The auction is scheduled for two weeks from now in Los Angeles. A Notice of Sale has been filed. I'm not sure if you know California law, but at what point does the mortgage holder take control of the property? Is it useless to negotiate with the individual owner at this point?

 Well, I am not a lawyer (!) but I'm fairly certain that if a Notice of Sale has been filled then the mortgage holder/bank already "owns" the property. If you send me an email with the address, I can search and see if it shows anything. It may not be "useless" to speak with the owner as they might be able to communicate with the "bank", which could work to your advantage. Many times, banks simply want to recoup the cost of the mortgage and might be willing to sell to you ahead of time, though in this market, that would really depend on the property and how much interest the "number crunchers" think it can generate.

Hi Andrew.  I would try all of the methods you mentioned, however, if an auction is already scheduled, you would probably need to find out if they are already in foreclosure.  If they are, the owner won't be able to do much to help you, you would likely have to communicate with the mortgage holder (and they are unlikely to want to speak with you unless you are offering cash, way above the note amount or what they would be likely to get at auction/fair market value).  

Never hurts to try knocking on their door!

Hi Ioana Vasile I'm an agent with Berkshire Hathaway HomeServices in Los Feliz. I can also introduce you to a couple mortgage brokers I know.

Hi Jenna. My advice is to hire a real estate attorney to look into your options. I would also check with Planning. I can't imagine they have proper permits if you guys didn't receive any notices. Good luck!