Foreclosure Laws

www.ForeclosureDeals.com Understand the differences in foreclosure laws enforced throughout the country. Educate yourself and acknowledge where judicial foreclosures and non-judicial foreclosures are present, as well as the similarities and differences between the two. Being knowledgeable about the specifications and what distinguishes the two from one other may be very beneficial to you. Depending on state foreclosure laws, the foreclosure process typically carried out in one area may be judicial or non-judicial. In the judicial foreclosure process, the lender is required to sue the homeowner so a judge can decide if the home should go into foreclosure. In the non-judicial process, the lender decides if the homeowner has sufficiently defaulted on the loan. A judicial foreclosure occurs when the homeowner defaults on a mortgage, while a non-judicial foreclosure occurs over a defaulted deed of trust. In a judicial foreclosure, a Lis Pendens (LIS) is issued to alert the homeowner of the default and the lender’s intent to sue. In a non-judicial state, this is replaced with a Notice of Default (NOD). If the lender in a judicial foreclosure is able to sufficiently prove the homeowner’s default, the judge will issue a Notice of Foreclosure Sale (NFS), and the home is listed for sale at auction. Meanwhile, if the homeowner in a non-judicial foreclosure cannot alleviate the default, the lender issues a Notice of Trustee Sale (NTS), and the home goes into foreclosure. Twenty
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Hometakes – Hope Brovont – Dale Sorensen Real Estate, Inc.


Hometakes – Hope Brovont – Dale Sorensen Real Estate, Inc.

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Baltimore-area foreclosure rates increased in August

Baltimore-area foreclosure rates increased in August
The increase in Maryland's foreclosure rate is likely driven by a the substantial “shadow inventory” that built up when banks put the brakes on their foreclosure processes in the fall of 2010. At that time, bank became wary of moving forward with …
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Number of local foreclosures up
Nationally, the number of default notices, scheduled auctions, and bank repossessions was the lowest total since July of 2007, according to National Mortgage Professional Magazine. However, Delta County has been experiencing a foreclosure rate rivaling …
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San Diego Homeowners Increase Property Value with Pacific Restoration General Contractor Services

San Diego, CA (PRWEB) October 25, 2012

Remodeling Magazine’s current estimates indicate that home improvements are a worthwhile investment in improving the overall value of a home. These improvements should be performed by a professional contractor; Pacific Restoration, a San Diego general contractor, helps area homeowners and business owners increase property values in a rapidly changing market.

The average listing price of a San Diego home rose to $ 578,000 in 2012, an increase of about 8 percent of the average listing price in 2011. Many of California’s recent home sales are on the lower end of the market, which indicates a slow but steady recovery of Southern California real estate prices.

“The housing market is starting to recover,” said a representative of Pacific Restoration. “From a property value standpoint, there’s no better time to make essential improvements and repairs.”

Most San Diego-area real estate agents agree that necessary repairs will cost twice a San Diego general contractor’s estimate after a buyer makes an offer on a property. In other words, a plumbing repair valued at $ 4,000 could easily cost a homeowner $ 8,000 during sales negotiations. By taking care of repairs early, homeowners gain an upper hand when they start receiving offers.

“Many of our clients aren’t planning on selling their homes for a year or two, but we still recommend taking care of those nagging repairs,” said the representative. “Most plumbing, roofing and electrical problems will only get worse with time, and completing them early keeps a home’s value from slipping.”

Pacific Restoration also recommends remodeling for homes and businesses that have remained on the market for an extended period of time. Both commercial and residential buyers see a long sales period as a sign of an undesirable property, but home improvements from a reputable San Diego general contractor can prevent value from dropping too significantly after spending some time on the market.

“We can improve a home’s kitchen, bathroom or living room without overextending the homeowner’s sales budget, and a few minor renovations can effectively reset a home’s value from a sales perspective,” said the Pacific Restoration representative. “Buyers see renovated homes as valuable, and real estate agents are more likely to show newly renovated properties.”

When looking for a general contractor, San Diego residents should ask about license classifications. Reputable general contractors can offer references from their clients and will always provide a detailed estimate before starting any work.

“Contractors need to pay close attention to detail in order to follow San Diego’s building regulations. Experience is undeniably important,” said the Pacific Restoration representative. “By working with a qualified general contractor, San Diego property owners can add a tremendous amount of value to their homes or businesses at a reasonable cost. We’re proud to offer environmentally friendly services with high-quality workmanship and materials.”

Pacific Restoration is a San Diego-based general contractor providing mold remediation, home remodeling, business building improvement and other services to the San Diego-North County San Diego metropolitan area. Homeowners and business owners can contact the company at (760) 632-7800 to schedule a consultation.







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