By Julia M. Wei, Esquire, Law Offices of Peter N. Brewer - June 2009
In California the requirements to conduct a trustee’s sale are very strict. Between the recording of the Notice of Default and the actual foreclosure sale, often times the property does not go to sale on the date set forth in the Notice of Trustee’s Sale. Additionally, under new legislation in California amending Civil Code Section 2924 et seq., lender requirements to notify the borrower of the foreclosure sale have increased and the time periods to conduct a foreclosure have been lengthened. Another common reason for the postponement of the trustee’s sale is that the property owner files a bankruptcy petition. Read more »

I’ve been doing a lot of looking in Southern California lately and I’ve noticed a lot of homes in Riverside County are up for sale at really low prices. I was amazed that one could throw down $50,000 to $70,000 cash to buy a home in Southern California. Most of this area isn’t what you think if you’re not familiar with Southern California. It’s not bustling with Hollywood actors and it isn’t plastered with blondes in bikinis, but it is close enough to those areas where you can take a few hours out of your day to enjoy the scene.

The homes in the areas similar to Hemet, California are family homes. They are your average 2, 3, or 4 bedroom stucco home with your typical California central heating and air. There are some areas that I would prefer to not live in, but I think you’re going to find this anywhere. There are also some very family oriented places that will make you feel right at home.

The great thing is about living in Riverside County is that you’re not far from the beach or the desert. As both are equal distances you can still go the direction you want and have some fun. Neveda and Arizona aren’t that far away either. Neither is Disneyland.

I know of a great agent who can work with you if you’re looking for someone to help walk you through. Just shoot me a message and I’ll see if he’s open to new contacts. Otherwise, check out some of the foreclosure listings in this area and see what is available. You’ll be surprised to find out that your Southern California home can be just as affordable as any other in the nation, and in fact your deal can be a lot better if you can get in now.

Working with Buyers Agents or Listings Agents Which is Best?
By Alexis McGee - June 2009

If you are new to buying homes in foreclosure, you may be wondering if it is it better to go through your foreclosure listings on your own (do your own legwork), or should you ask a Real estate agent to represent you and do the work for you?

As with any decision, there is always a tradeoff between both options. So before I tell you my answer, you must first ask yourself this simple question, what is more important to YOU?

Saving Time OR Saving Money?

If your goal is to do as little work as possible, or if you are in a big hurry and must buy quickly, then doing your own leg work to buy a foreclosure is not for you. Because it is your TIME, effort and patience that you put into the deal brings you the best PRICE (hence you save money).

Or you can do your own legwork and work directly with the foreclosure sellers or their listing agents directly. There is nothing that says you must have a Real estate agent represent you in your dealings. You can find your own deals, and then negotiate and write your own purchase agreement. Of course if you are not familiar with real estate contracts it would be wise for you to get a good real estate attorney to review your paperwork first. Read more »

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Learn from a 25 year Real Estate Investor Veteran the TRUTH about finding great deals in any market.

First time home buyer looking in the Sacramento or Northern California area for a 3 to 4 bedroom home with a fenced yard in a decent neighborhood. Want to pay up to $50,000. If the deal is right I could go to $60,000. Will pay referral fees of $1,000.00 for $60,000 and $1500.00 for $50,000.

The problem is that I need someone to give me a quick appraisal of not so much the worth of the home, but of the area and the decency of what it looks like so I can fly into town and look at it. I’m thinking family quality here. I need to find something by the end of July.

If interested, please contact me at 715-318-0016 or email me..

Thank you.

At some point it might be helpful to check neighborhood crime for your investor. Tonight I found a nifty tool that graphically shows the rate of crime in the neighborhood. In fact, one home that I’m serious about buying for myself had very little crime shown. I will need to compare it with other charts just to make sure.

Check out spotcrime.com and search for your city or a neighboring city. It only covers the major metro areas, but perhaps with more growth it will include other areas.

My area is filled with exciting properties for people to purchase. Great family neighborhoods with people who are excited about their future and their children’s future.

When I see a home I look for several points of interest:

• purchase price
• neighborhood
• return on investment
• rental rates
• guaranteed rent
• previous tenants/owners