Foreclosures (Real Estate Owned):
The Matt Luke Home Team is a leader in the foreclosure
market in North Orange County. We have relationships in place with Government
Sponsored Exchanges, asset servicing companies, and direct lenders. Our
experience and knowledge of this unique market in addition to the relationships
we?ve developed with key players in this field will give you a leading edge as
you pursue a bank owned home.
The foreclosure process begins when a borrower does not make
their mortgage payments and the lender files a public default notice called a
Notice of Default. This process allows a lender to recover the amount owed on a
defaulted loan by repossessing or taking ownership of the property.
Oftentimes, the differences between a short sale and a foreclosure are confused. To learn about the advantages and disadvantages
of foreclosures and short sales, review the information below. Feel free to contact our office for further clarification.