Los Angeles Pushing GREEN Paradigm into Homes

Implementing and enforcing the state’s environmental protection laws, The California Environmental Protection Agency ensures clean water, air, soil and waste recycling is performed throughout the state.  This agency is at the forefront of science and research to lead to a cleaner, healthier planet for all.  

With a variety of home materials on the market still not banned b the federal government, there has been an overwhelming amount of concerned citizens regarding asbestos exposure. California is one of many states implementing sustainable methods of construction. Many new homes that are foreclosed may require renovation or repairs, especially in areas susceptible to natural disasters. This process may require inspection for hazardous materials. 

The path to owning a home is an exciting time for everyone, but one that will bring additional responsibilities. Utilized in thousands of construction and building applications throughout the 20^th century, asbestos was a highly regarded mineral due to its heat resistant properties. Potential Los Angeles home buyers, foreclosures or those remodeling older homes should be aware that homes built before 1980 may still contain asbestos. Due to a steady progression of technology and green sustainable methods, there are many ways to ensure your home or property is asbestos free.  

Asbestos exposure is easily prevented by taking simple precautions.  Although un-damaged asbestos does not pose any harm, you should be aware that the inhlation of airborne asbestos fibers can cause mesothelioma, a severe lung ailment associated with asbestos exposure. Mesothelioma treatment has varied affects on individuals, with many factors impacting mesothelioma prognosis. These include age of diagnosis, latency period and age of diagnosis.  

If any asbestos is suspected, the best advice is to leave it un-disturbed. . Sometimes the best action is no action. A home inspector can determine the proper course of action. Asbestos removal in public facilities, homes and workplaces must be undertaken by a licensed asbestos abatement contractor.  The removal of asbestos is a finite process that must be done by a professional.   

The United Nations Environmental Program states that the use of recycled building materials such as cotton fiber insulation can reduce energy use by 25 to 35 percent. The numbers continue to improve as more eco-friendly options become available. The list of options also includes cellulose and lcynene foam.  

With a lackluster economy, these kinds of figures have attracted those who were unaware of eco-friendly construction. Not only will these asbestos alternatives reduce energy costs, they allow a lifestyle that promotes a clean, free of health damaging materials.

The Trustee Sale is a verbal auction.  It can be held "on the courthouse steps" but it can also be held on a walkway outside of an office building, or on a narrow balcony in front of the trustee office’s entry door.

The published and recorded Notice of Sale will state the time and location where the Trustee Sale is to be held.  It is never held at the property-in-forclosure.

One of two things will happen at the Trustee Sale: 

An individual will make an acceptable bid and the property will be sold to that person.

Or no one will make an acceptable bid, and ownership of the property will revert back to the lender.

If ownership reverts to the lender, the property then becomes part of that lender’s inventory of "Real Estate Owned",  which is where the term "REO" comes from.