Foreclosure in Dearborn Heights : Real Estate Advice

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John Burke, Real Estate Pro in ELK CITY, OK
John Burke answered:
If you had property foreclosed upon in the past 5 years, can you qualify for a mortgage loan?
Hi G,

It depends.

How long ago was the foreclosure and what type of loan was it?

Fannie Mae requires 7 years so that's not an option.

VA only requires a 2 year wait.

FHA ... more
1 vote Share Flag Thu Feb 26, 2015 Foreclosure in 48125
Ryan Rivera, Real Estate Pro in Urbandale, IA
Ryan Rivera answered:
Due to circumstances out of my control, I'm losing my home of 20 years. I owe 103K. I've been told that I have a 6 month redemption period after the
It would be necessary for you to pay the full amount owed.
0 votes Share Flag Thu Feb 26, 2015 Foreclosure in 48125
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
A realtor just called me wanting to discuss options I have regarding the auction of my home which is scheduled in 2 days with an opening bid of 60K
What sort of auction? Foreclosure auction? Private auction? Online auction? They all advertise the upcoming auction so it's not hard to find. Online auctions advertise the opening bid a ... more
0 votes Share Flag Wed Feb 25, 2015 Foreclosure in 48125
Jeffrey Parks, Real Estate Pro in GGoodrich, MI
Jeffrey Parks answered:
If the homeowner waives the right of redemption, does the home go right to foreclosure?
Short answer is yes. However, the instrument or document would be a "Deed in Lieu of foreclosure"
whereby the Homeowner would sign the property back to the mortgagee and have no furth ... more
0 votes Share Flag Mon Feb 23, 2015 Foreclosure in 48125
Andy Hargrea…, Real Estate Pro in Plymouth, MI
Andy Hargreaves answered:
Notice of Expiration of Redemption Period. I have until december 9th 2013 to pay and redeem property. Here is my situation
Let me ask you this -- so, you haven't paid for something in almost 4 years, have lived for free and expect to get it for that cheap?

You'll have to check with your local jurisdictio ... more
0 votes Share Flag Mon Nov 18, 2013 Foreclosure in 48125
whitealeasew…, Renter in Dearborn Heights, MI
whitealeasewhite answered:
My landlord has allowed our home to go into foreclosure, we had a lease for the first year, but after the lease was up we have been paying monthly.
Can I put my rent in escrow...If the property going into foreclosure...
0 votes Share Flag Sat Jun 1, 2013 Foreclosure in Dearborn Heights
Michael Dela…,  in Battle Creek, MI
Michael Delaware answered:
Once filing for bankruptcy, are there any lenders willing to give someone a mortgage after the bankruptcy is complete?
It is not quite a bad as you think. You just need to better understand the subject of seller financing. I wrote an eBook that is available in Kindle format on Amazon. It is called: U ... more
0 votes Share Flag Thu Dec 27, 2012 Foreclosure in 48125
Kathy Persha, Real Estate Pro in Royal Oak, MI
Kathy Persha answered:
What happens after the 6 month redemption period ends (in Michigan)?
At the end of the redemption period, the bank will do one of several things. They may send someone to your home and offer you "cash for keys". Their representative would offer you som ... more
1 vote Share Flag Tue Nov 20, 2012 Foreclosure in 48125
Kathy Persha, Real Estate Pro in Royal Oak, MI
Kathy Persha answered:
Can I find out online if my home was sold at the sheriff sale that took place?
Public records are not updated immediately, especially in Wayne County. Your best solution would be to call the county clerk and ask about the sheriff's sale or call the office of the ... more
0 votes Share Flag Wed May 30, 2012 Foreclosure in 48125
Larisa Jacks…,  in Hawley, PA
Larisa Jackson answered:
My husband has a home in forclosure. We are buying a new house cash. Can the bank come after our new house, if so, do I put new house in my name?
I would direct you to consult with your legal counsel who is handling your closing and follow their advice. The extra money that they may charge is well worth it in the long run to pro ... more
0 votes Share Flag Tue Jan 25, 2011 Foreclosure in Dearborn Heights
Keith Manson-…,  in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
I my opinion you need to take one issue at a time. First address the issue with your property. You can let the property be foreclosed or try a short sale. The short sale has some ben ... more
0 votes Share Flag Sun Jan 3, 2010 Foreclosure in Dearborn Heights
Bob McClure, Real Estate Pro in Walled Lake, MI
Bob McClure answered:
I would like to know how I can try and get my house back. I lost it to forclosure in August 2008. It is you have a friend or relative that would buy it for you? could close and then be deeded back on to it with them..qualifying to re-purchase it yourself won't work.i hope t ... more
0 votes Share Flag Sun Jan 11, 2009 Foreclosure in Dearborn Heights
Sammy, Other/Just Looking in 48124
Sammy asked:
Is this address of 5661 Bedford, 48125 under any form of foreclosure? concerned

This question is about this property:
0 votes Share Flag Thu Dec 11, 2008 Foreclosure in Dearborn Heights
Bob McClure, Real Estate Pro in Walled Lake, MI
Bob McClure answered:
I have just lost my house to foreclosure. I just got married and my husband and I would like to buy a home
good morning......your husband can qualify by himself.....since you are married and live in will be on the home as co-owner, and must attend the closing and sign the tru ... more
0 votes Share Flag Fri Nov 21, 2008 Foreclosure in 48127
Ed & Cindy K…, Real Estate Pro in Shelby Township, MI
Ed & Cindy Knight answered:
Our home has been foreclosed on and it went up for a sheriff sale June 18. We have to be out by Dec. 18. The
Heather more than likely the bank made the bid at auction. These days most people owe more than what their home is worth, so the bank makes the bid to protect their interest. You can ca ... more
0 votes Share Flag Tue Sep 2, 2008 Foreclosure in Dearborn Heights
Lkjad, Other/Just Looking in ldkjf
Lkjad answered:
does anyone have info on 4515 rossevelt?
Actually, Gary is incorrect. Any good realtor can talk to you honestly without a buyer's agency agreement, and if you do sign one, it can be rescinded at any time by you. In Dearborn, ... more
0 votes Share Flag Wed Apr 16, 2008 Foreclosure in Dearborn Heights
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