Foreclosures Up for Grabs

A new law goes into effect January 1, 2021, that allows tenants to purchase the residence they’re living in from the low bidder for that property at a foreclosure auction. This will have a chilling effect on investors’ willingness to bid on foreclosed properties. The skewed news article I read suggested that this law prevents … Read more


Foreclosures – A Last Resort for All Parties: Part III

Last week I reviewed non-judicial foreclosures, but since this is a complicated subject, there’s more to be said. To bring you up to speed, here’s what happened so far: you determined your borrower will no longer pay on the loan, so you began foreclosure proceedings by contacting a foreclosure service company. They did their part … Read more


Foreclosures – A Last Resort for All Parties: Part II

Last week I talked about the two types of foreclosures. This week, I’ll walk you through the most common type: non-judicial foreclosures. As the lender, once you’ve concluded your borrower is no longer paying on the loan, your only course of action is to foreclose. To do so, you’ll need to contact a foreclosure service … Read more


Foreclosures – A Last Resort for All Parties: Part I

Last week I talked about servicing a real estate loan yourself. That was a prelude to the next couple articles, which are in response to a reader’s question about foreclosures and what other options may exist when a borrower stops paying his loan. If a borrower misses a mortgage payment, there could be a perfectly … Read more


What Is Seller Financing And What Should I Watch For?

When a buyer wants to purchase a property but doesn’t want to pay the whole price in cash, and the seller wants to sell the property but doesn’t need the whole amount in cash, an opportunity exists for both to get what they want through seller financing. The buyer can acquire a property that may … Read more


Short Sales and SEOs

You may have heard about people being “upside down” on their mortgage. When people owe more than the value of their home it can lead to a short sale. If they cannot afford their mortgage payments anymore, it can lead to an REO (Real Estate Owned) sale. A short sale occurs when a home is … Read more


By Way of Introduction, I’m Dick Selzer…

By way of introduction, I’m Dick Selzer and I’ve been in Real Estate in the Ukiah Valley since the 1970s. After more than 35 years in the industry, I thought I’d share a few facts and opinions about buying, selling, renting, and leasing property. I hope you find the information useful. The question most often … Read more