Deed of Trust

Archive for the ‘California Deed of Trust’ Category

Question: California defaulted Trust Deed note sale?

We have a second Trust Deed on a property in California, and the person in the third position has filed for default. It went to sell and no one place a bid on the property. Since no one place a bid on this property, how many days does the new owner have to pay us off by law.

Answer: 30

Home For Sale in El Dorado Hills, CA. $ 2700000 - Realty Times

Question: Question When Will We get keys (more details)?

We signed loan docs on Wed night and I delivered down payment and remainder closing cost by noon Thursday, when will I get keys for house? (friday was new years eve)

Answer: You'll get the keys when the mortgage bank disburses the funds to the seller. Either escrow lady or loan broker will be able to tell you this. It usually happens within 48 hours of closing.

Hard Money Loan To Value in California

Question: If we lose our house through foreclosure in California , Will we owe any money?

We have a Deed of Trust , and they will be selling it auction nonjudiciary . We need to know if they sell it for less than we owe , will we owe anything ?
The reason we are in foreclosure is due to very serious medical problems . We hold a Deed of Trust mortgage and it is going to be a non judiciary foreclosure.

Answer: It is possible that they will collect the remaining amount. Traditionally no it just gives you a horrible credit.
All depends on how greedy your lender is.

CONSTRUCTION Fix N' Flip in California