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Real Estate Foreclosures - Real Estate Repossessions

CALL Ernie Delgadillo "Ernie the D" today (909) 702-7573.  Real estate foreclosures and real estate repossessions can save tens of thousands of dollars for new Diamond Bar, Chino Hills, Ontario, Chino, Pomona and Chino home buyers.   Why pay full price?  Call the Chino Hills, Diamond Bar, Pomona, Chino, Ontario and Walnut home repossession, REO and foreclosure expert...  Ernie Delgadillo, "Ernie the D", today (909) 702-7573 or send an email to Ernie@erniethed.com

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Ernie Delgadillo

"Ernie the D"

25 year - local real estate specialist

Home Foreclosure
Home Repossession Expert

Free, No Cost Information on local bank repossessions, home foreclosures, and home repossessions available for purchase...

Call Now... (909) 702-7573
Email... Ernie@ErnietheD.com
 

Find all the California Foreclosures, Bank Homes, Government Properties, Commercial Foreclosures, Foreclosed House, Handy Man and Distressed Properties in Chino Hills, Chino, Diamond Bar, Walnut, Pomona and Ontario

Ernie the D is a real estate professionals who is an expert at finding federal homes, distressed properties, and foreclosures. Ernie the D can help homeowners find the latest and most current lists of foreclosed properties. He provides investors in accessing all home foreclosure properties in an easy to read and presentable format.

Foreclosures soar in California

By David Streitfeld, Times Staff Writer
9:22 PM PDT, July 24, 2007

LOS ANGELES — A sagging real estate market and tighter lending standards are exacting a growing toll on Californians, forcing them from their homes in record numbers, figures released Tuesday show. Foreclosures soared to 17,408 for the three months ended June 30, an increase of 799 percent from the same period last year. The current rate handily exceeds the previous foreclosure peak set in 1996, when the state was in the final throes of six-year slump.

Separately, Countrywide Financial Corp. -- the nation's largest mortgage lender -- reported a sharp rise in delinquencies, even among customers with good credit. That sent shivers down Wall Street, helping to trigger a 226-point plunge in the Dow Jones industrial average. Although a relatively small fraction of homeowners face eviction, the concern is that a flood of foreclosures will further weaken housing prices -- and make people less willing to spend money.

"The economy will bend further under the weight of the mounting housing and mortgage problems, but it will not break," said Mark Zandi, chief economist at Moody's Economy.com.  That's what passes for optimism these days. Others are more downbeat.

"All the artificial stimulus housing gave the economy is going to go away," said Rich Toscano, a financial adviser with Pacific Capital Associates in San Diego who runs the popular Piggington.com real estate Web site. "There will be individual pain for people who made the wrong decisions. We all may end up in a recession."

The good news, as seen by Toscano: "I don't envision a 'Grapes of Wrath' scenario where we all have to pile in the family car and look for harvesting work."  Paula Walton said the Carson house she bought in 2003 was due to be foreclosed Wednesday. She first asked her lender for leniency, pointing out that she has endured a series of personal setbacks that included ovarian cancer, her mother's illness and her partner's walking out.

"I was begging and pleading, 'Please lower the payments so I can get back on my feet,' " said Walton, 43, a clerk on the Long Beach docks.   The lender didn't budge, Walton said, so she filed for bankruptcy to keep her house, at least for the moment.  Ester Cadavid of Los Angeles Neighborhood Housing Services, a not-for-profit lender and counselor that is trying to assist Walton, said the Carson resident was an example of how default woes were spreading.

"In the beginning, we were thinking the foreclosures were going to be limited to low-income, high-minority neighborhoods targeted by predatory lenders," Cadavid said. "Now we're seeing a shift to the middle class."  That assessment was bolstered by Countrywide's warning that a rising number of its mortgage customers were behind in their payments, including mainstream borrowers.  The Calabasas-based company said that 4.6 percent of its good-credit customers with lines of credit or home equity loans were at least 30 days delinquent, up sharply from 3.8 percent three months ago. A year ago, the rate was 1.8 percent.

Most analysts say the housing market won't stabilize until 2008 or 2009. The so-called soft landing that was much talked about last year is rarely mentioned anymore.  The rising foreclosure rate is tied to stricter lending standards and weakening home values. With housing prices flat or falling, lenders are less willing to refinance loans -- especially to borrowers with shaky credit who are most likely to miss payments.

Ernie the D
 Tips for Avoiding Foreclosure
 http://www.hud.gov/foreclosure/index.cfm

Are you having trouble keeping up with your mortgage payments? Have you received a notice from your lender asking you to contact them?

If you are unable to make your mortgage payment:

1. Don't ignore the problem.

The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.

2. Contact your lender as soon as you realize that you have a problem.

Lenders do not want your house. They have options to help borrowers through difficult financial times.  

3. Open and respond to all mail from your lender.

The first notices you receive will offer good information about foreclosure prevention options that can help you weather financial problems.  Later mail may include important notice of pending legal action.  Your failure to open the mail will not be an excuse in foreclosure court.

4. Know your mortgage rights.

Find your loan documents and read them so you know what your lender may do if you can't make your payments.  Learn about the foreclosure laws and timeframes in your state (as every state is different) by contacting the State Government Housing Office.  

5. Understand foreclosure prevention options.

Valuable information about foreclosure prevention (also called loss mitigation) options can be found on the internet at www.fha.gov/foreclosure/index.cfm.

6. Contact a HUD-approved housing counselor.

The U.S. Department of Housing and Urban Development (HUD) funds free or very low cost housing counseling nationwide.  Housing counselors can help you understand the law and your options, organize your finances and represent you in negotiations with your lender if you need this assistance. HUD-approved Housing Counseling Agency or call (800) 569-4287 or TTY (800) 877-8339.

7. Prioritize your spending.

After healthcare, keeping your house should be your first priority.  Review your finances and see where you can cut spending in order to make your mortgage payment.  Look for optional expenses-cable TV, memberships, entertainment-that you can eliminate. Delay payments on credit cards and other "unsecured" debt until you have paid your mortgage.

8. Use your assets.  

Do you have assets-a second car, jewelry, a whole life insurance policy-that you can sell for cash to help reinstate your loan? Can anyone in your household get an extra job to bring in additional income?  Even if these efforts don't significantly increase your available cash or your income, they demonstrate to your lender that you are willing to make sacrifices to keep your home.  

9. Avoid foreclosure prevention companies.

You don't need to pay fees for foreclosure prevention help-use that money to pay the mortgage instead. Many for-profit companies will contact you promising to negotiate with your lender.  While these may be legitimate businesses, they will charge you a hefty fee (often two or three month's mortgage payment) for information and services your lender or a HUD-approved Housing Counseling Agency will provide free if you contact them.

10. Don't lose your house to foreclosure recovery scams!

If any firm claims they can stop your foreclosure immediately if you sign a document appointing them to act on your behalf, you may well be signing over the title to your property and becoming a renter in your own home!  Never sign a legal document without reading and understanding all the terms and getting professional advice from an attorney, a trusted real estate professional, or a HUD-approved Housing Counseling Agency

Ernie Delgadillo

"Ernie the D" is waiting for your call!

25 year - local real estate specialist

Home Foreclosure
Home Repossession Expert

Free, No Cost Information on local bank repossessions, home foreclosures, and home repossessions available for purchase...

Call Now... (909) 702-7573
Email... Ernie@ErnietheD.com

Key words - Foreclosures, Repossessions.  Hundreds of homes to choose from.  Save money on home purchases. Diamond Bar Real Estate, Chino Hills Real Estate, Chino Real Estate, Ontario Real Estate, Pomona Real Estate, Walnut Real Estate, Real Estate Agent, Foreclosures, Repossessions, REOs, Bank Repossessions, Foreclosures, Bank Repos, Housing, Homes, Apartments, Selling, Buying, Chino, Diamond Bar, Walnut, Chino Hills, Ontario, Pomona, Commercial Properties, Home Sales, Home Buying, Home Buyers, Investment Properties, Low Cost Property, Affordable Property, Property Search, Chino, Diamond Bar, Walnut, Pomona, Chino, Chino Hills. Diamond Bar Homes, Real Estate, Chino Hills Homes, Ontario Homes, Chino Homes, Pomona Homes, Walnut Homes, Home Sales, Home Buyers, Foreclosures, Bankruptcy, Repossessions, REO, Real Estate Expert, Home Sales, Home Buyers Real Estate expert.  25 years local real estate expertise.  Specialties include foreclosures, REO, asset management, non-performing assets, performing assets, bank owned homes, bank owned inventory, repo, repossessions, loss mitigation, property management, preservation, servicing, mortgage broker, broker, agent, REO agent, OREO, loss MIT, portfolio, bulk, pre-foreclosures, broker price opinions, BPO, default, bankruptcy, loan modification, asset manager, out sourcing, comparables, REO MAc, MBA, inspections, home valuations, home inspections, real estate inspections, real estate valuations, liquidation, single family residencies, properties, recovery, losses disposition, housing, investors, full services, sales, closing, evictions, redemptions, VA, Fannie, MAC, CMBA, FDIC, USFN, United Trustees, NAR, CAR and HUD.

Real Estate Foreclosures - Real Estate Repossessions

Real estate foreclosures and real estate repossessions can save tens of thousands of dollars for new Diamond Bar, Chino Hills, Ontario, Chino, Pomona and Chino home buyers.   Why pay full price?  Call the Chino Hills, Diamond Bar, Pomona, Chino, Ontario and Walnut home repossession, REO and foreclosure expert...  Ernie Delgadillo, "Ernie the D", today (909) 702-7573 or send an email to Ernie@erniethed.com

Specialties include foreclosures, REO, asset management, non-performing assets, performing assets, bank owned homes, bank owned inventory, repo, repossessions, loss mitigation, property management, preservation, servicing, mortgage broker, broker, agent, REO agent, OREO, loss MIT, portfolio, bulk, pre-foreclosures, broker price opinions, BPO, default, bankruptcy, loan modification, asset manager, out sourcing, comparables, REO MAC, MBA, inspections, home valuations, home inspections, real estate inspections, real estate valuations, liquidation, single family residencies, properties, recovery, losses disposition, housing, investors, full services, sales, closing, evictions, redemptions, VA, Fannie, MAC, CMBA, FDIC, USFN, United Trustees, NAR, CAR and HUD.

Foreclosed Homes Offer Big Opportunities To Investors


A foreclosure occurs once a borrower defaults on a loan, and buying foreclosed homes is a great way to save money in real estate. The foreclosure process typically begins when a lender files a lawsuit against the borrower. Then, the foreclosed home gets sold to the winning bidder at an auction - a great opportunity for property investors and home buyers looking for a bargain.

Ernie the D is the leading home foreclosure, REO, pre-foreclosure real estate expert in Chino, Chino Hills, Diamond Bar, Ontario, Pomona and Walnut. Ernie the D researches and gathers foreclosure opportunities and makes them available to members online. A membership also comes with educational materials, live customer support, analysis tools, and other helpful resources. Even more, our trusted network of partners offers referrals to all types of real estate specialists including moving companies, agents, lenders, and contractors.

The ever-increasing number of foreclosed homes on the market is driving prices down for the average seller. If you have a fixer-up that needs work, you had better price it at what a foreclosed home is selling for, because John and Jane Doe are out there looking at foreclosures. Ernie the D helps these savvy investment property seekers

Who benefits from our online foreclosure data?

New homebuyers, as well as experienced real estate investors and seasoned real estate agents agree that Ernie the D consistently provides the most current, comprehensive foreclosures information. So whether you are a first-time home buyer or an accomplished real estate investor, Ernie the D gives you everything you need to find and buy foreclosure homes.

Ernie the D helps you find hundreds foreclosed properties today!

What differentiates us from our competitors?

Ernie the D is local, experienced, professional, knowledgeable and ready to help you right now!