Foreclosure Wave 2020! …Is It Coming?

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Will COVID-19 cause foreclosures? People are asking me, is a foreclosure wave coming? Watch this short video to find out my answer! Not only that, I’ll share with you exactly why I’m so darn sure. Why listen to me? You remember the big foreclosure wave of 2007–2011, right? I sold, in that time, about 750
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How can I find foreclosures in San Diego?

Question: “Where do I find more information about buying foreclosures in San Diego?” Answer: The very good news, though not good for your plans, is that foreclosures in San Diego are exceedingly rare. And they’ve been that way since 2012 when our market turned around. So you can hunt around for foreclosure info, but in
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Story Time With Gary: Dude, Where’s My Foreclosure?

Looking to sell your San Diego home? Get a free home value report Buying a San Diego home? Search all homes for sale   I’m back with another strange story from my years as a real estate agent. Years ago, there were foreclosures all over San Diego and the country. I had 40 to 50
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Buying a Home at a Courthouse Foreclosure Sale

Question: “What do you think of buying a home at a foreclosure sale down at the courthouse?” Answer: For sophisticated investors, it can pay off well. However, there are many very real risks and downsides to buying at a trustee sale: Low supply / high demand: There are very few foreclosures now, but plenty of
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Are There Still San Diego Short Sales & Foreclosures?

Question: “Are there still any short sales and foreclosures? I don’t see them anymore.” Answer: Remember 2008-2011 when it was so rare to see a home offered that was NOT a short sale or foreclosure that we referred to them as “traditional sales”? In many neighborhoods (Eastlake, Spring Valley, etc.), if your life depended on
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Are San Diego Short Sales & Foreclosures Gone?

Question: “I rarely see any foreclosures or short sales any more.  Are they pretty much gone?” Answer: Almost. After the tsunami of foreclosures, the flood of short sales, and the wave of loan modifications, most people in trouble on their homes either lost them or got in a position to keep them. Throw in our
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Will Starting a Short Sale Prevent Foreclosure?

“I’m several months behind on my mortgage and need to do a short sale.  I’m afraid the bank is going to foreclose, but an agent told me that once I start a short sale the bank it’s illegal for them to foreclose.  Is that correct?” ***ANSWER: I wish it was.  You’re talking about California Senate
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What’s a HUD Home?

Question: “I was looking into what kind of home I want to buy and heard someone mention HUD homes. What are those?” Answer: HUD is the U.S. Dept of Housing and Urban Development.  HUD guarantees FHA loans.  So HUD homes are FHA foreclosures. With so few foreclosures now, you missed the boat on those. Or
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What to Expect When Doing a Foreclosure

“We’re going to lose our home to foreclosure. We owe too much to sell and the bank denied our short sale. I lost my job and my wife isn’t able to work, so we can’t make the payment and definitely are going to lose our home. I hate the feeling of not knowing what’s going
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Buying a Foreclosed Duplex Directly from a Bank

Question: “I’d like to find and buy a foreclosed duplex directly from a bank. Any advice on how to do that?” Answer: Having sold close to 800 foreclosures for banks, I definitely know the answer to your question. If the property is owned by a major bank, they have a process they go through before
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