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Foreclosure in Bakersfield – How Does the System Work?

Foreclosure in Bakersfield – How Does the System Work?

By Sam Traffanstedt – TS Dreams, LLC
Foreclosure in Bakersfield, Ca works pretty much the same as the rest of the state. If you are reading this article, you or someone you know may be in a bad spot with your mortgage. For whatever reason, you are having problems paying that debt and it has been going on for some time now. We understand completely and just want you to know that you are not alone. There are many people who are facing the same issues. We are here to help, but first, let’s talk about the process you are now in.

foreclosureHere are the major steps in the Foreclosure process.

Behind on Payments – Your mortgage holder can tell when you don’t make your payments. They will contact you and try to work out a fix for your situation. They can start the process earlier, but normally wait until you miss more than one payment.

Notice of Default – This is the start of the formal foreclosure process. You will receive this notice. The timeline for sale is normally 120 days from this point.

Judicial vs Non-Judicial – If the loan papers include a “power of sale” clause; the mortgage holder can just sell the property. If the clause states where and when, they will follow that. If not they will record the notice at least 14 days before the sale, mail the notice by certified, return receipt, 20 days before the sale, post the notice on the property 20 days before the sale, and post it to a local paper in the county.

Otherwise they must file a lawsuit to obtain a court order to foreclose. If the court declares a foreclosure, your home will be sold to the highest bidder.

Notice of Trustee Sale – This is the notice the bank sets a date for a sale to liquidate your home, as mentioned above.

Auction – This sale can happen in 20 days or may be postponed for up to 1 year. That timeline is up to the bank. You may have until 5 days before the sale to cure the default and stop the process. The lender may not seek a deficiency judgment after a non-judicial foreclosure sale and the borrower has no rights of redemption.

The sale will be on a business, day 9-5, at the location listed on the notice of sale. Anyone may bid at the sale. The property may be sold to a 3rd party or the bank may bid on the property and it would become a bank owned property.

Now that you know how it will unfold, it is a great time to find out how you can avoid the worst case scenario. We are local Real Estate Investors in Bakersfield and we can help. We have seen many properties in the same situation. There are several ways to get out of this situation with your finances and credit intact.

You do have options. Don’t delay. Contact us right away and let us look at your Foreclosure Situation.

How to List Property for Sale

How to List Property for Sale

TS Dreams, LLC

Do you want to draw potential buyers to your property? Then you certainly need to know the process of how to list property for sale online. The golden rule of publicizing your property is choosing compelling words and photos. If you think you are eloquent and are viewing the world with a photographer’s eye, then roll your sleeves up to highlight your property’s luring amenities and features. But if you think you are not the greatest of photographers and writers, then find someone who can make your listing standout among millions of other listings.

How to List Property for Sale

So the question is who should list your property? Here are four options you have, to list property for sale:

  1. For Sale by Owner (FSBO): If you decide to give to listing your property online on your own a shot, then you can use FSBO sites, local newspapers, flyers, Internet ads, and so on. The risks of going FSBO is that unlike real estate agents, homeowners do not possess extensive knowledge on every nuance of real estate market and online listing. Therefore, you really need to do your homework well, and learn the little details that make a big difference.
  1. Using a Full Service Agent: While you can save in commission fees by going for sale by owner, it is more advantageous in many aspects to work with a full service agent. No one knows the nuts and bolts of showing, negotiating, and finalizing the sales of properties better than realtors do. Also, if you desire to get your property listed on Realtor Multiple Listing Service (MLS), you definitely have to go through a licensed broker or an agent.
  1. Use à la carte service: You might want to sell your property by yourself, but still want to get it listed on MLS. Contrary to popular belief, you can have your cake and eat it too thanks to Flat Fee Multiple Listing Service. If you opt for this route, you will not have to pay the 5-7% of the sales price of your property as commission to your realtor. You will just pay a flat fee upfront, and your property will get listed on MLS. Showing, negotiating and finalizing the sale will be entirely your responsibility.
  1. Sell your property outright to an investor: Many of these professionals will be happy to buy your property if the price is right. The best part about an investor is that they can pay cash, thus saving you the cost of repairs, closing, and listing fees. The usual issues of financing and repairs are taken out of the equation as well.

You have a lot of options, but learning how to list property for sale is your first step. Contact us and we will be happy to go over the options that fit your situation the best.










Buying a House Does Not Have To Be Scary

Buying a House Does Not Have To Be Scary

Everyone waits for the circumstances to mature to buy a home. However, some of us feel frightened of buying a house even when the circumstances have matured. Buying a house does not have to be scary when you know what your priorities are, and how much you are willing to pay for your expectations to be met. We can identify three most common features that most people prioritize while they buy a house: purchase price, location, and physical characteristics of the house. Who doesn’t want to move out of their cramped apartment to move into a spacious home, pay a reasonable price, and live in a great neighborhood?

Here are 3 important things to consider.


– How much will you pay? : Demand for properties on sale has gone up too fast, which inevitably drove the prices up. This marked increment in prices caused a panic especially among first time buyers, who despaired of not being able to purchase their own home. To tackle with such feelings, you should do your research thoroughly before you buy a house. Look at how much similar houses cost in the area. Get independent appraisals and inspections done. Most importantly, keep in mind that the general rule of thumb says when you purchase a house the price of the house must be no more than three times your annual income.

– Where will you live? : Location of houses matters immensely. High crime areas are on top of the list of places to avoid when purchasing a house. The shorter the distance is between your new home and workplace, schools, supermarkets, and so on, the less traveling you will have to do during the day. This can save you a lot of time to do other hobbies you have, such as mowing the lawn in the front yard! When you buy a house in a hot area, you can also observe property value increase in your own property. All in all, you may have to spend very little to make some money. Isn’t it great?

– What do you need? : You should figure out what your dream house looks like before you purchase an actual house. Try to get as close as possible to this dream house in real life because you only live once, and you deserve to live in the house of your dreams. Would your dream house at the ocean and have lots of glass? Would it be on two floors and have four bedrooms, a spacious dining room with a combined kitchen, two bathrooms and a gorgeous garden? Ask yourself these questions first, and then try your best to match these qualities with a real home.

Taking the time to find a good real estate investor may save you a lot of money when you do find the perfect home. They may even be able to find the property for you, at a discounted price. Buying a house can be enjoyable experience if you do it the right way.

Visit our site and tell us what kind of house you are looking for and we will keep an eye out for you and let you know the moment we find it.

I have a house for sale – Now what?

I have a house for sale – Now what?

You have a house for sale, but you are yet to prepare the house for sale? This situation may bring on a whole slew of feelings: anxiety for how to follow through the legal procedures properly, nostalgia for the days —both happy and sad— you spent at the house, excitement for what is next to come, desperation if your house has been on the market for a while, and so on. You might be overwhelmed with questions such as how much your house is really worth, have you set the price too low or too high, if you are willing to pay commission to a realtor or if you can sell it by yourself. Setting the right price and making an excellent first impression are both essential to attracting buyers.

house for sale

So let’s prepare your house to entice onlookers step by step:

– First things first, you will need to move out and get your belongings out of the house, then clean it thoroughly.

– Improving the curb appeal is a must. Think back to when you first fell in love with the house, before you bought it. What caught your eye immediately? What did you like/dislike about it? Now it is time to highlight the positives and upgrade the negatives. Hang a big house number, plant flowers, mow the lawn, wash front windows, repaint the porch floor, replace the flooring, replace your old carpets with new ones.

– Make sure you keep up with cleaning and repairs on your home until it is sold.

– Price tag matters a lot. Generally speaking, many homeowners consult a lot of realtors, and pick the one who suggests the higher price. But lets be realistic. The realtor who is versed well in comparative market analysis will be the one who is going to price your home most accurately. If you choose the realtor who tells you only what you want to hear, then you might wait for a long time for your house to get sold. Make sure your realtor provides you with the facts such as the prices of similar homes nearby your home that will be your competition, and the prices of similar homes taken off the market because they stayed in the market for too long. He should be able to give you a price range for your house.

– If you are not using a real estate agent, list your home in the classified section of local newspapers, and on the Internet.

If you want to cut through all of the hassle and sell your home quickly, a good real estate investor can help. You can sell your home for cash very quickly. There are no realtor fees and no repairs to be made. The sale is on an “AS IS” basis and is rather simple. If you have a house for sale, Contact Us now and we can help you.

For Sale By Owner: What are the best ways to get it sold?

For Sale By Owner: What are the best ways to get it sold?

We rarely used to see a “For Sale by Owner” sign, because a vast majority of sellers prefer working with a realtor to put their house on the market. There are more buyers than houses for sale, prices have slowed, and hence, many homeowners think that working with a realtor increases their exposure to prospective buyers. But times have changed and more homes are being sold this way. As a homeowner, you don’t have to follow the crowd for a successful home sale. You can decide to go it alone when selling your home and save on commissions —or for whatever else might be the reason. Are you curious about what the best practices are for real estate sales by owner?

Here are 3 great ideas to sell your home without a realtor and still get the best price.

for sale by owner

1. Get your home inspected by a trusted inspector:

Do you want potential buyers to look around your house, find some problems with the house, cringe, and think of these things as “easily” fixable? Getting an early inspection on your house will give you a heads up on any repairs that need to be made before selling your house. In most cases, buyers get the house inspected before closing anyway, but there is no harm in finding out the shortcomings of your house in advance. You can then take the necessary action to get rid of those shortcomings for the best price instead of paying an inflated price later on. Bonus: You can mention that your home got inspected, and everything is mended in the advertisement of your home. Keep the inspection and repair receipts to show perspective buyers.

2. Choose your marketing plan wisely:

If you would rather sell your home yourself, you should come up with a marketing strategy that will make the most of your efforts. First of all, select target buyers. Research the buyers’ profiles and gather information about their habits, professional lives, free time activities, and personal preferences. The more information you have about potential buyers, the better you can refine your strategy. Think about the ways, which will get the advertisement of your home in front of your audience. What is the type of media your potential buyers might use when they are ready to buy? Is it social media, email marketing, poster campaigns, brochures, or local newspapers? Making use of the online classified sites could be the most appropriate strategy in this era.

3. Let the people spread the word!

Organizing a neighborhood party to let everyone know that you are selling your house is a great way to spread the word! Invite everybody you know who lives in your vicinity—friends, neighbors, and even strangers. It’s the perfect way to strengthen your local network, and to get the word out. Use your social networks to inform people that you wish to sell and let them help you find buyers.

The best way to sell your house quickly and efficiently is to find an honest investor. They will be able to tell you what the house is really worth, what repairs may be needed, and offer you a fair value for the home. Avoidance of realtor commission fees is just the beginning of the benefits you will enjoy when working with a real estate investor. Before you place the “For Sale by Owner” sign in your yard, find someone who can streamline the process for you and save yourself a lot of time.

If you would like to know more or start the process of selling your home, contact us and let us help you sell your home fast.

Real Estate Investment Strategies – The Five W’s That Matter

Real Estate Investment Strategies – The Five W’s That Matter

Investing in real estate is a great way of building wealth and diversifying your investment portfolio when you have delineated creative and carefully planned Real Estate Investment Strategies. Relying on hearsay information has a high risk of leading your savings astray because investing in illiquid assets, such as real estate, is a lot more complicated than investing in liquid assets such as stocks and bonds. Assembling a great team of a real estate agent, loan officer, tax advisory, lawyer, and so on for your search is crucial for taking advantage of the fertile ground that real estate market offers. Whether you treat your investment as a way to own a house or a way to create future profit, you will greatly benefit from using our five W’s approach.


  1. WHO is the future of the real estate market?

The millennial generation is now entering into work force, and they are reshaping every aspect of the world including real estate market. Millennial generation is low on money, and they are after affordable studios or condominiums currently. When they accumulate enough money to become homeowners, their habits will surely change.

  1. WHERE to invest?

Millennials love socially conscious, and creative environments, and they are apt to turn everywhere they go into such places. Neighborhoods outside bustling urban hotspots like Austin, Salt Lake City, San Diego, Los Angeles, Denver, Washington DC, Houston, Las Vegas, Dallas-Ft. Worth, San Francisco, New Orleans, and Nashville are some examples for where the Generation Y is headed.

  1. WHEN is the right time for real estate investment?

Best time to invest in real estate is whenever you feel you are in financially good shape. If you can pay for your recurring living expenses, such as your rent or mortgage, car payment, insurance, and utilities with no sweat, then you are ready to make real estate investment. You can start small, and then gradually grow your real estate portfolio over time with the cash flow coming from your initial investment.

 WHY to focus on residential properties?

Because they are the easiest to comprehend, buy and run! If you already have a home, or even if you live in a rental home, you have a good grasp of the inflation rate on rental prices, tax rates, average maintenance costs, appreciation expectations, etc.

  1. WHAT are other things to consider?
  • Insulate your investment against potential losses.
  • Size and complexity of investment matter when it comes to financing options. For apartments that have more than five units, commercial, retail and industrial buildings, loan fees and interest rates will be higher.
  • Keep things simple at first and build your portfolio as your experience grows.

No matter what the who, when, where, what, and why of your Real Estate Investment Strategies is, finding the properties has never been easier. Homes are flooding these markets and are readily available if you know where to look. We have the ability to find and evaluate for their investment potential. Using a wholesaler with a proven record can save you a lot of time and effort. Go to our Buyers Page and tell us exactly what you are looking for. We will let you know when we find the right properties for you.

How to Sell a House in Record Time

How to Sell a House in Record Time

Figuring out how to sell a house, without sacrificing profit, is an issue many homeowners face. A lot of people list their houses, put up the “on sale” signs in their front yards, and then just wait for the best buyers to come to them. These are all appropriate —and very monotonous— steps, but if you want to sell your house in record time, you need other ways to expedite the process.

how to sell a house


Have you thought about the best ways to connect, communicate and share information about your house? Look around and you will see an arsenal of technologies you can use in your promotional approach. A plain advertisement on a local newspaper alone may not have the widest reach.

We will demonstrate 5 of the most effective selling tricks in this article.

If you present your house to a greater number of potential buyers, then it is almost certain that chances of getting quality offers will increase, and this will foster competition among offers. Moreover, we can all agree that presentation matters immensely. Receiving a gift is exciting, but what is more exciting than receiving a gift is seeing the beautiful wrapping and wondering, “What could be in there?”

  • Get high quality photos –or even better, a virtual tour of your house on the Internet. Virtual tours give a candid and truthful representation of the entire house. You would be giving a chance to anyone from New York to California to view inside the house. You can enrich the virtual tour by using extra features such as interactive property maps and text descriptions. If potential buyers like what they see, they will certainly want to come see the house in person.
  • Dress up your house before you put it on the market! Get the lawn moved, consider a new landscaping design, new gutters, siding, deck repair, brick and stonework, outdoor furniture in the patio, and a new hammock, have a termite inspection, change those wobbly handles, get rid of the chips and scratches, or repaint the exterior of the house.
  • Make the potential buyers daydream of serene Sunday afternoons in that backyard.
  • Consider leaving some of your personal property behind as a home warming gift for the new owner? Leave your Batista style express coffee machine or your luxury walk-behind lawnmower for example. Your generosity will return to you in full and overflowing measure!
  • Get an investor involved. Investors have been here many times and are comfortable with the process. Many times they can buy your property outright for cash and take all your selling headaches away.

Whether you are selling because you want to or selling because you need to, we are here to help. Contact us now at and find out how to sell a house the simple and stress free way.