Tag: foreclosure

What is a Pre-Foreclosure in Los Angeles?

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With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Los Angeles anyway? Many homeowners across America and Los Angeles are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending … Continued

How to stay in my home after foreclosure in Los Angeles

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A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose … Continued

Do This Before Listing Your House in Long Beach

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Do This Before Listing Your House in Long Beach Want to Increase Your Equity When Selling Your Home? – Think of Your Home as a Financial Asset A transition takes place when you begin the process of selling your home. You see your home not as a home, but as a financial asset, and the … Continued

Costs of Selling Your House in Los Angeles

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Selling Your House in or around Los Angeles can be a euphoric experience. However, once escrow begins, the euphoria can change to frustration, particularly if you are not ready for the closing costs that quickly accumulate. Budget for Closing Costs, and Home Inspection, When Selling Your Los Angeles House Closing costs simply refer to the fees associated … Continued

Understanding the Foreclosure Process in California

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Understanding the foreclosure process in California is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun.  But just know that it’s not … Continued

Can I sell my Los Angeles house in foreclosure?

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Do you have a Los Angeles California house that’s in foreclosure right now? Many people going through the California foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you … Continued

Short Sale vs. Foreclosure – What’s the Difference?

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Whether you’re a buyer or a borrower / seller, a short sale and foreclosure each present different advantages and difficulties. What Is A Foreclosure In Los Angeles California? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source). … Continued