Want to Buy Foreclosures REO Distressed Property In Default Properties List Short sale ARV After Repair Value Market Reports

For Sellers Need to sell Quick for the most money For Buyers We have list of REO Properties Foreclosures Distressed Properties ARV After Repair Value Foreclosures Market Reports John s Video Presentation of How can we help YOU What is a short sale SH

John Vostenak
Real Estate and Business Opportunities in Monrovia, 
Bradbury, Arcadia, Pasadena, San Marino, La Canada, 
La Crescenta, Altadena, South Pasadena, Sierra Madre,
Duarte and all of Los Angeles, Orange, 
San Bernardino and Riverside Counties. 
We have links to listings in entire USA, 
and countries of Europe,
also focussing on Czech and Slovakia republics.
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Want to Buy Foreclosures & REO & Distressed Property & In Default Properties & List Short sale & ARV After Repair Value, Market Reports


For Sellers : Need to sell Quick for the most money ? For Buyers: We have list of REO Properties, Foreclosures, Distressed Properties, ARV After Repair Value


WE HAVE ALL CASH BUYERS , BULK PROPERTIES BUYERS, INVESTORS, FOR QUICK AND PAINLESS ESCROWS !


Welcome to Web Site of #1 Realtor & Real Estate Broker/Agent, the Hardest Working Agent / Broker, Representing Clients, Sellers and Buyers Since 1984

FOR BUYERS: We can send you a list of REO's , Foreclosures, Distressed properties, great deals for qualified buyers who will work with us to open and close their escrow and purchases.

NEW : Please ask me , if you qualify for a SPECIAL BROKER'S SERVICE AND LIST FOR REO, FORECLOSURES, FIXERS FOR ALL CASH BUYERS ONLY ... !

FOR SELLERS: We have all cash buyers for short and painless escrows, we have bulk property buyers, who can buyer several properties at once for all cash or as needed.

FOR BUYERS and Future SELLERS :

Know the ARV (After Repair Value) before you buy that investment property as it is a crucial data ! Are you an buyer investor that buys fixer, distressed properties for remodel and flip? Do you know the ARV (After Repair Value) prior to writing an offer in on a property?

Please Ask me for ARV SPECIFIC CMA !

Need a Help ? Need a Help with a Short Sale ? Can not, will not , Can't make a mortgage payment ? Have a Complex Situation ? Must sell a property and money or income from the sale does not cover loans and obligation against the property ?

We can help you , Short Sale Real Estate Broker, Short Sale Real Estate Agent, and I specialize in :

Short sale, Short Payoffs , Foreclosure, Pre foreclosure, Property in Default , Low or No Equity Property Specialist, in Bankruptcy Property sale, REO Property sale , Pre Trustee Sale Property Specialist, Complex Situation Property Specialist.
Please contact me for any information directly.



Foreclosures & Market Reports


Free List of Foreclosures :

Foreclosures, REO's, Bank Repos, in Monrovia, in Bradbury, in Arcadia, in Pasadena, in San Marino, in Sierra Madre, in La Canada, in La Crescenta, in Altadena, in South Pasadena, in Duarte, in Glendora, in San Gabriel, in El Monte, in Azusa and all Cities of Los Angeles County.

To my Registered & Qualified & Committed Clients I will supply for All Cities in Los Angeles County in Southern California:


Free List of REO's, REO - Real Estate Owned by the Bank
Free List of Bank Repo, Repos - Bank repossessed properties
Free List of Listed For Sale NOD's , NOD - Notice of Default

Fee Pay List of NOD's , NOD - Notice of Default
Fee Pay of NOT's, NOT - Notice of Trustee Sale


Please contact me for more details and personal meeting to discuss more details and specific information.


MARKET REPORTS

How is the economy and housing prices doing ..??
Status report on real estate market ..
Status report on housing prices ...
Report on housing prices ...
How the real estate prices will be in the future ... ??
Want to know if I should to buy or to sell ... ??
What is the best time to sell my home, commercial, investment , income property, ...??
How is the market for houses, commercial, investment , income property, specialty property , ...??
What are the real estate market indicators ... ???
Which way is going the real estate market, housing market , economy in general ..??
Should I sell and or hold ..???
Should I buy and or hold ...???
Should I Buy, Sell , Hold ...???


The nation’s housing market is not cooperating the way analysts at the A. Gary Anderson Center for Economic Research at Chapman University in Orange, Calif., had hoped it would.

The drop in residential construction is steeper and over a longer time than many analysts had predicted. The national Gross Domestic Product has taken a hit of 1 percent over the past few quarters as a result. Likewise, housing starts are forecasted to drop from their recent high in 2006 at 1.8 million units to 1.3 million for 2008. And that’s not all!

“The worst of the downward national housing price spiral is not over,” said economist and Chapman President James Doti in a press release distributed Tuesday. “Our forecast calls for housing prices to decline around 5 percent before relatively strong job growth helps to bring about a recovery by late 2008.”

Click on the link above " Foreclosures & Market Reports ", for all you want to know and more ... and please contact me with any questions, want to buy , want to sell .. a home, investment, commercial property, units, hotels, business oportunities , and much more ...

I am prepared to help you sell or buy any real estate property for the best possible price in downturn real state market .

Please contact me personally and request more info from this web site 3rd button on the left , just click and follow a simple instructions , I wil do the rest ....



FORECLOSURES

What is NOD Notice of Default ?
Definition of NOD Notice of Default :

Notice of Default (NOD), the initial document (non-judicial) filed by a trustee that starts the foreclosure process, usually after the occurrence of a default under the deed of trust, or mortgage.
A notice of default is a notification given to a borrower stating that he or she has not made their payments by the predetermined deadline.
It dictates that if the money owed (plus an additional legal fee) is not paid in a given time, the lender may choose to foreclose the borrower's property.
Any other people whom may be affected by the foreclosure may also receive a copy of the notification. NOD is part of the PRE-foreclosure process.


What is NOT , Notice of Trustee Sale ?
Definition of NOT , Notice of Trustee Sale:

The Notice of Trustee Sale (NOT) identifies the property by the Assessor's Parcel Number and address. It states the date, time, and location of the sale, and the estimated opening bid, and an update of the current loans on the property. A phone number is included to verify the amount with the trustee the day before the sale.


What is REO ?
Definition of REO, Real Estate Owned by the bank:

Real Estate Owned (REO) the property which is in the possession of a lender as a result of foreclosure or forfeiture. An acronym for "Real Estate Owned", most often used in the context of bank owned properties after a mortgage foreclosure.


What is Foreclosure ?
Definition of Foreclosure :

Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The foreclosure process begins when a borrower/owner defaults on loan payments (usually mortgage payments) and the lender files a public default notice, called a Notice of Default or Lis Pendens.

I am prepared to help you sell or buy any real estate property for the best possible price in downturn real state market .


Please contact me personally and request more info from this web site 3rd button on the left , just click and follow a sinple instructions , I wil do the rest ....



Foreclosure process timeline in California:

The time-line is applicable for non-judicial California Foreclosures under a Deed of Trust. The non-judicial foreclosure process is used when a deed of trust contains a power of sale, enabling the trustee to initiate the foreclosure process without having to go to court.
This procedures set forth in the Civil Code. A lender can begin a non-judicial foreclosure (without proceeding with a lawsuit to foreclose) when a borrower defaults under the terms, covenants and conditions contained in the Note and or Deed of Trust. Most often a non-judicial foreclosure is begun because a borrower has not paid one or more of his, her, their regular installment payments owed.



1.
Day 1
Record Notice of Default

2.
Within 10 business days
Mail and Publish Notice of Default

3.
Within 1 month
Mail Notice of Default

4.
After 3 months
Set sale date

5.
25 days before sale date
Send notice of sale to I.R.S.(when necessary)

6.
Within 10 days from 1st publication
Send beneficiary request for property directions

7.
14 days before sale date
Record Notice of Sale

8.
7 days before sale date
If court action, 7day rule may apply

9.
5 business days before sale date
Expiration of right to re-instate the loan

10.
Sale date
On the date of sale, trustee sells the property to the highest bidder.
This sale is usually held at steps of the County Courthouse.



Want to have a list of Foreclosures? Looking for the best deals in Foreclosures ?

Free List of Foreclosures in Los Angeles County ,
from the " Foreclosure Realtor & Broker & Agent & Realty "....

To my Registered & Qualified & Committed Clients I will supply for Los Angeles County :

Free List of NOD's , NOD - Notice of Default
Free List of NOT's, NOT - Notice of Trustee Sale
Free List of REO's, REO - Real Estate Owned by the Bank

Please contact me for more details and personal meeting to discuss more details and specific information.
Also if you need following:

Want to Buy Foreclosures in Monrovia, in Arcadia, in Pasadena, in Duarte, in Altadena, and all cities of Los Angeles County ...

Need, Want ..
Realtor & Broker & Agent & Realty for Foreclosures,
Realtor & Broker & Agent & Realty to Handle Foreclosures for Buyers & Sellers
Realty Foreclosures Free Lists
Real Estate Foreclosures Free List
Foreclosed Homes Free List
Foreclosed Income & Investment Properties Free List
Foreclosed Residential Income & Commercial Properties Free List
Foreclosures in Real Estate Free List
Homes being Foreclosed Free List
Real Estate being Foreclosed Free List
Property being Foreclosed Free List


All Information contained on the web site and any links is believed to be accurate, but should not be relied upon without verification.



John's Video Presentation of " How can we help YOU ! "

John's Video Presentation of " How can we help YOU ! "

With great experience in all cities of San Gabriel Valley , especialy in Monrovia, Arcadia, Bradbury, San Marino, Pasadena, Altadena, La Canada, La Crescenta and other community real estate as well as intimate local area knowledge, I work extensively to help buyers and sellers meet their real estate goals.


# Multiple Listing Service (MLS) homes, commercial, land, business, leases for sale
# Open House Listings
# Local market price reports area specific
# Comparable home sales reports property specific
# School performance rankings of California Department of Education
# FBI crime reports and Neighborhood U.S. census data

John's Video Presentation of " How can we help YOU ! " - click here [2268kB]



What is a short sale?

What is a short sale?

A short sale (also known as a short payoff) is selling a security that the seller does not own but is committed to. It is used to capitalize on a n expected decline in the security’s price. When a home owner owes more than can be collected through a real estate sale, a short sale allows them to sell their property to avoid a foreclosure for themselves and the lender.
Short Sales present a unique opportunity for homeowners, mortgage servicers, real estate agents and investors. By accepting a short sale, or a voluntary transfer of title, the lender experiences savings on average of $14,000 and reduces the time to receive payment by 6 months, as reported in July 2004 by the Deputy Chief Economist at Freddie Mac

A short sale minimizes the time and costs associated with a foreclosure by the lender. This provides homeowners the opportunity to avoid or minimize the damaging affects of a foreclosure.


Benefit to Homeowners

Homeowners who owe more on the property than it is worth or those who do not have the means to pay for the closing costs can qualify. When a homeowner owes more that can be collected through a real estate sale, a short sale allows him to sell the property to avoid a foreclosure for himself and the lender. This is the homeowner’s best opportunity for a fresh start.


Benefit to Lenders

With a rising interest rate, and with little or no money down mortgages, more homeowners may choose to short sale their property. A lender who accepts a discount on a mortgage avoids the eventuality of the property going to auction and the associated fees.


Benefit to Investors

An increasing number of potential investment, rental, and lease option properties will require short sales to create equity. Instead of buying from a seller, the investor purchases the property directly from the lender for a discount.


How to List Short Sale ?

Please contact me for personal meeting to discuss all oportunities in Short Sale market and Listing Your Property ASAP, as the Time is the Essence in Short Sales ...




SHORT SALE DOCUMENTATION REQUIRED


IMPORTANT !
Deed in Lieu of Foreclosure ( giving up, transfer your property directly to the lender of the record, whom you owe money secured by Trust Deed against Your Property ) Will Hurt Your Credit Rating a lot more and lower your FICO Credit Score significantly !, .... in comparison with any late payments FICO Score reduction.


SHORT SALE AND LISTING DOCUMENTATION REQUIRED

You Must List Your Home for Sale and Have a Valid Listing Agreement First !

1. Listing agreement
2. Completed financial statement must be enclosed
3. Documentation proving hardship
4. IRS Tax Returns including W-2’s and ALL schedules for last two years, list all mortgagors IF SELF-EMPLOYED, YOU MUST PROVIDE BUSINESS TAX RETURNS
5. Pay stubs for last two months.
IF SELF-EMPLOYED, YOU MUST PROVIDE LAST 2 QUARTERS PROFIT & LOSS STATEMENTS
6. Bank statements and passbooks, last four months
IF SELF-EMPLOYED, YOU MUST PROVIDE BUSINESS BANK STATEMENTS. ETC.
7. Hardship letter
8. Purchase offer/Certified copy of Escrow Instructions
9. Preliminary Report
10. Seller’s closing costs or HUD-1 Settlement Statement. These must be fairly accurate as approval will be based on these figures.
11. Marketing history, describing pricing, traffic, market conditions, advertising and promotion, etc. with 3 comps (Broker’s Price Opinion or Comparative Market Analysis)
12. All junior lien holders must provide written notice of their willingness to release their liens even though they receive little or no proceeds or no proceeds from closing.

IMPORTANT ITEMS THAT THE CURRENT HOMEOWNER SHOULD KNOW

1. Must maintain property in desirable condition
2. Borrower is the SELLER, with all rights and responsibilities
3. A contribution may be required, based on Borrower’s financial ability
4. During negotiations the borrower is not released from the obligation of making payments



Subprime Mortgage mess explanation in PPS presentation


Sub prime Mortgage mess explanation in PPS presentation ... a joke for some , a hard reality for others !

Warning … the language and expressions in this presentation are very vulgar to some viewers, we do not appreciate the abrasive language .. But it gets the precise point a cross … !

Click here on the file below , to upload it and play , please move forward in presentation with the arrow keys

Sub prime Mortgage mess explanation [2679kB]





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CENTURY 21 Ludecke Realty
John Vostenak, Realtor, CA Broker, Lic#: 00871958 CENTURY 21 Ludecke Inc. • 20 E. Foothill Blvd , Suite 105 • Arcadia, California 91006 USA
Direct Line, Google Voice Mail: 1-626-408-2266 •
Favorite Internet Messengers & Video Conference Phones: Skype.com
All Information contained on the web site and any links is believed to be accurate, but should not be relied upon without verification. All properties are subject to prior sale, change or withdrawal. Neither broker(s), agent(s) nor johnvostenak.com shall be responsible for any typographical errors, misinformation or misprints, and shall be held totally harmless.
Accuracy of square footage, lot size, and other information is not guaranteed.
CENTURY 21® is a registered trademark licensed to Century 21 Real Estate LLC. Equal Housing Opportunity. Each Office is Independently Owned and Operated.
All rights reserved. This copyrighted material may not be re-published without permission. Links are encouraged.


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