Fund2000.com Real Estate Podcast
Real estate is housing, its business, and so much more. Its complex. This podcast breaks down complex real estate issues such as sales, mortgages, foreclosures, and more. My name is Chuck Hamm. I began in real estate started after college when I became a sales agent in 2004, a licensed broker in 2008, then graduated of law school in 2017, and passed the California Bar Exam in 2019. I am a licensed mortgage loan originator, and principal and officer of California Mortgage Professionals, and I am a principal and officer in a nonjudicial foreclosure business, where I also assist in processing foreclosures. Subscribe to receive content about the real estate industry from sales and mortgages, to foreclosures, and all focused on California real estate issues. You can visit us at Sold2000.com for sales, Fund2000.com for mortgages, or email me at Chuck@Fund2000.com
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Fund2000.com Real Estate Podcast
Property Rights Unlocked: A Look into the Shetty v. HSBC Case about Reinstatement of a Loan
In this episode, we look into the recent case of Niki-Alexander Shetty v. HSBC Bank USA, N.A., et al., a lawsuit involving a condominium in La Habra and foreclosure by the homeowners association. We explore the issue of whether Shetty, as a successor in interest, can reinstate a prior loan that he never qualified for by merely being the successor owner after foreclosure. HOA lien foreclosures often have low bid amounts and because the HOA is collecting on relatively smaller amounts owed than mortgage lenders generally. They also tend to sell for lower amounts when the prior mortgage is not wiped out due to it being an HOA foreclosure. While buying a property subject to an existing mortgage doesn't sound like a good deal, it can be a less expensive way to get into foreclosures - and armed with the knowledge that you can reinstate said mortgage. Always check with an attorney about the specific facts and issues related to your transaction!
Check out Fund2000.com for our Mortgage Lending team (NMLS 2277963).
Sold2000.com for our real estate Sales Team (DRE 02173355).
Learn more about host Chuck Hamm here
or on LinkedIn, and contact him at chuck@fund2000.com.
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This content is not legal advice. Contact an attorney for legal advice.
For specific real estate sales or mortgage lending questions, you may contact chuck@fund2000.com
