Real-Time REO Reporting – In Court for Unlawful Detainer in Compton

Written by on November 16, 2009

I've appeared in court a lot lately. I shot this video before I headed to court for another LA County unlawful detainer. The current occupants are refusing to leave. We've tried giving them notice and approaching them with Cash-for-Keys. No luck so far. As we expected the occupants didn't show up in court. So, the court awarded the property to the bank and the occupants will need to vacate the property before November 29, 2009. Read more »

Real-Time REO Reporting – Belmont Heights Home

Written by on November 12, 2009

I shot this video during the initial occupancy check of a home in Belmont Heights. As you can see, I didn't get a chance to complete the occupancy check because a nosy neighbor got in the way of filming. We did find out that the home is currently occupied, so we'll have to take the next step and encourage the occupants to accept relocation assistance. If they don't, we'll have to start the eviction process. Stay tuned for more updates. Read more »

Killer Modern Mid-Century Home with Sweeping View of LA

Written by on September 18, 2009

Wow, I wish we got foreclosures like this every day. Check this place out: It is super tiny – just under 600 square feet – but it has incredible LA views.  Plus, it is just up from Sunset Drive.  You can almost spot the marquee for the House of Blues. This would be a perfect [...] Read more »

Historic Bank-Owned Home for Sale in L.A.’s Wilshire Area

Written by on March 23, 2009

Call Today to Schedule a Personal Tour Or—NEW!—Make an offer online NOW! Address: 1424 S. New Hampshire Ave. Los Angeles, CA 90006-4510 Home Type: Historic single-family, single-story, BANK-OWNED Price: $369,900 Square Feet: 1,281 sq. ft. Lot Size: sq. 4,150 sq. ft. Rooms: 3 bedrooms, 2 baths Year Built: 1907 Extras: Newer windows and roof Central [...] Read more »

Top Reasons to Sell Your Home Via Short Sale

Written by on March 13, 2009

Perhaps you’re “upside down” on your house and can no longer afford your mortgage payments. Maybe you owe more than the property is worth and simply can’t refinance. Or, it may be that you still can’t handle your house payments even after modifying your loan or reducing your interest rate. Times are tight and you’re [...] Read more »

Top 5 Benefits of Buying a Bank-Owned Home

Written by on March 5, 2009

1. More home for your buck. How? By taking advantage of potentially lower interest rates and dramatically lower prices, two ways in which banks entice buyers to take a losing asset of their hands—fast! Bank-owned (REOs) and foreclosed upon properties average discounts between 20% and 25% off their overall retail value. Buying the property “as [...] Read more »

Lakewood Foreclosure Fixer-Upper For Sale

Written by on February 28, 2009

Price: $199,000 Call to Schedule a Personal Tour Address: 11867 206th St., Lakewood, CA 90715 Home Type: Single-Family Square Feet: 960 Lot Size: 5,050 sq. ft. Year Built: 1953 Rooms: 3 bedrooms, 1 bath, large family room addition Extras: Large backyard and long front driveway with carport FIX AND SAVE! This single-story, single-family home in [...] Read more »

Obama’s Homeowner Affordability and Stability Plan: Who Is Eligible?

Written by on February 28, 2009

Here is what you need to know about President Barack Obama’s new Homeowner Affordability and Stability Plan (HASP) to help stabilize the housing market and help millions of struggling borrowers keep their homes. What is it? Who is eligible? How will it directly impact you and your family? The first portion of HASP, the Homeowner [...] Read more »

Southern California Home Prices Plummet as Foreclosures Rise

Written by on February 28, 2009

Southern California home prices have fallen to 2002 levels, according to a recent Los Angeles Times report, and they won’t stop plummeting any time soon. SOCAL HOMES BECOMING MORE AFFORDABLE Studies show that significantly more people will be able to realize the American dream of home ownership in Southern California than they have been since [...] Read more »

Luxury Beachfront Belmont Shore Foreclosure for Sale

Written by on February 27, 2009

Call to Schedule a Personal Tour Address: 5341 Appian Way, Long Beach, CA 90803 Home Type: Single-Family Square Feet: 1,569 Lot Size: 3,900 sq. ft. Rooms: 3 bedrooms, 2 baths Year Built: 1961 Neighborhood: Belmont Shore This amazing, not-yet-listed foreclosure is located in Long Beach’s most exclusive beachside neighborhood. The spacious 3-bedroom, 2-bath luxury home [...] Read more »

Gov. Schwarzenegger’s Foreclosure Moratorium Explained

Written by on February 25, 2009

Gov. Arnold Schwarzenegger signed a 90-day moratorium on California home foreclosures (legislation SB2X-7 and AB2X-7) amid criticism that the law likely won’t put a dent in the skyrocketing pace of repossessions. Here’s what you need to know: The bill, as part of the state’s recent budget deal, safeguards owner-occupied residences that had first loans on [...] Read more »

This Week’s Top Properties: 3 Great Value Southern California Foreclosures

Written by on February 24, 2009

44 Tavella Place, Foothill Ranch, Calif. 92610 VIP SPECIAL, CALL FOR PRICING INFO CLICK HERE FOR MORE PHOTOS Square Feet: 2,115 Lot Size: 3,794 sq. ft. Rooms: 4 bedrooms, 2.5 baths Here’s your chance to buy a spectacular Orange County two-story home with all the trimmings. Nestled in a private neighborhood, this completely refurbished four-bedroom, [...] Read more »

Obama’s Stimulus Package: What About Homeowners?

Written by on January 29, 2009

President Obama’s $825 billion proposed stimulus package may not put so much as a dent into the subprime mortgage crisis, but it might provide some relief for first-time homebuyers. How? In the form of a new and improved $7,500 tax credit. As the law stands now, homebuyers have to pay the first-time buyer credit back [...] Read more »

Top Five Benefits of Buying Foreclosures

Written by on January 28, 2009

Whatever your real estate goals are, investing in a bargain-priced foreclosure packs enormous potential for profit. With historically high supply and record low prices, there’s never been a better time to buy one. Here’s why: 1. Dramatically reduced purchase prices. Bank-owned foreclosures (and pre-foreclosures) cost radically less from the outset, typically deeply below their market [...] Read more »