Foreclosure in Livonia : Advice

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vickie03, Home Buyer in Atlanta, GA
vickie03 asked:
My parents have passed. I was trying to obtain mortgage on their home loan. My problem, the house has not been payed on since October, 2013.? My younger sister took forever getting documents to courthouse and insurance company. I have obtained the property in my name. I did not know that I needed to contact the Assumptions Dept…
0 votes Share Flag Mon Apr 27, 2015 Foreclosure in 48150
BeachandBeyo…, Home Buyer in Beach, VA
BeachandBeyond CarpetCare answered:
How much does mold remediation cost?
Make sure the humidity in doors is below 60%, with and ideal percentage being between 30-50.
Any wet damp spots need to be cleaned and dried within 48 Hours.
HVAC inspections ... more
0 votes Share Flag Fri Dec 12, 2014 Foreclosure in 48154
Roxanne Robe…, Real Estate Pro in Danville, VA
Roxanne Roberts answered:
Why can't a reverse-mortgage foreclosed house be sold for less than appraised value?
The HUD Guidelines 24 CFR 206.125 is a code of federal regulation. It covers reverse mortgage foreclosures which are very different then a regular foreclosure. A reverse mortgage fore ... more
0 votes Share Flag Thu Oct 2, 2014 Foreclosure in 48150
Derek Bauer,…, Real Estate Pro in Livonia, MI
Derek Bauer, Door to Dreams... answered:
My parents are there 80s and trying to get a loan modification can they still obtain a reverse mortgage?
Very sorry to hear that they are facing this situation. Sounds like a stressful one.

I am not a loan expert, so I'll let some of them chime-in, but I see a problem here. A loan m ... more
0 votes Share Flag Wed May 1, 2013 Foreclosure in 48150
Andy Hargrea…, Real Estate Pro in Plymouth, MI
Andy Hargreaves answered:
How do I go about obtaining the rights to my grandmothers decessed grandmothers house. There is no will.
Talk with an attorney - you're likely going to wind up going through Probate Court to divide/settle the estate.
0 votes Share Flag Sat Sep 29, 2012 Foreclosure in 48150
Martin Popp, Real Estate Pro in Brighton Township, MI
Martin Popp answered:
My mother passed away and we are letting her house forclose. How long can we have access to house contents?
Better fine another attorney and realtor if they can't answer these question. Ron Thomas has a good answer. There is also a arm length laws in Michigan. The home should pass to the hei ... more
0 votes Share Flag Tue May 8, 2012 Foreclosure in Livonia
FSBOsuccess, Home Seller in 28590
FSBOsuccess answered:
Aren't all foreclosed, bank-owned houses supposed to be vacant?
How do you know the people are not renting the house? Just because it is occupied, don't assume they are the homeowners. And why would you care?
0 votes Share Flag Wed Oct 19, 2011 Foreclosure in 48152
Karen Paytas, Real Estate Pro in Macomb County, MI
Karen Paytas answered:
i lost my home to a forclosure while i was waiting to get approved for social security due to a disability. any programs for this situation.?
Dinalynn,

Unfortunately you won't qualify to purchase a home with a mortgage for at least 3 years. If however, you do get a lump some payment from social security you can inves ... more
0 votes Share Flag Thu Sep 15, 2011 Foreclosure in 48154
Eli Givoni-S…, Real Estate Pro in Boca Raton, FL
Eli Givoni-Short Sale Dept LLC answered:
We rec'd 2 notice of sale, 1 in March for April sale & 1 in Sept. for Oct. sale. When do we have to move out- Oct or this year or Mar of?
You can call your bank and ask them when you have to move out. Different banks have different policies on this. However, you can do a short sale and keep foreclosure off your credit. ... more
0 votes Share Flag Sun Sep 4, 2011 Foreclosure in Livonia
Elite Realty, Real Estate Pro in Stockbridge, GA
Elite Realty answered:
When buying a Bank REO who pays for the closing cost and if the buyer have to pay for there on closing cost how much is it using 100k for an example.?
It depends and can vary. When I am representing a buyer, I always ask for some closing costs - even if the property is bank owned. However, you do need to examine the strength of your ... more
0 votes Share Flag Sat Mar 19, 2011 Foreclosure in Livonia
Bob McClure-…, Real Estate Pro in Walled Lake, MI
Bob McClure- Real Estate Investing answered:
If our offer has gone for BPO comparison, is that good bad or indifferent?
good morning...good answers below...the lender has to verify the true value of the home...there is really no control over how they will react to your offer....also, if there was (lender ... more
0 votes Share Flag Sat Sep 18, 2010 Foreclosure in Livonia
Katherine Pt…, Real Estate Pro in Wayne County, MI
Katherine Ptasinski answered:
32125 balmoral dr livonia mi, is it still available for sale or has it been sold?
Hi Sylvia,
32125 Balmoral Dr in Livonia has ben sold. I listed for $172,900 and sold for $178,500 . The sale closed on 10/14/2009. It was only on the market for 18 days!
If ... more
0 votes Share Flag Sat Oct 24, 2009 Foreclosure in Livonia
Mariana, Both Buyer and Seller in Livonia, MI
Mariana answered:
I live in Michigan and my house is in the foreclosure process. I have not made a payment in 2009. I
Jessica,

I also think you own the taxes till the bank takes over.

If you are looking for home to buy with seller financing here is one that I have available - rent to own or land ... more
0 votes Share Flag Fri Aug 28, 2009 Foreclosure in 48150
Keith Sorem, Real Estate Pro in Glendale, CA
Keith Sorem answered:
Is your Foreclosure rescue plan working?
This would better be a blog post./ there really is no question.
1 vote Share Flag Sat Aug 8, 2009 Foreclosure in Livonia
Tony Grech, Real Estate Pro in Michigan
Tony Grech answered:
What's the REAL story behind banks who are in no hurry to part with foreclosed homes in their possession?
Hi John,
No offense and not to defend the establishment, but I think your expectations are a little too high. I don't thin their is any conspiracy going on to keep you from getting a ... more
0 votes Share Flag Sat Aug 8, 2009 Foreclosure in Livonia
Keith Manson-…, Real Estate Pro in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
Can I have a foreclosed home inspected before I put in an offer?
The REO 's I have sold I have always been able to have the property dewinterized to inspect to see what worked and what did not work after the offer was drafted. The offer reflected th ... more
0 votes Share Flag Tue Jul 28, 2009 Foreclosure in Livonia
Michael Shan…, Real Estate Pro in 48135
Michael Shannon answered:
If a person's home is going into foreclosure, is it illegal in Michigan to damage it before eviction?
If the eviction has been filed, then the bank clearly owns that property. It is therefore illegal among other things for the former owner to damage the property. Yes the bank could se ... more
0 votes Share Flag Mon Apr 27, 2009 Foreclosure in 48154
Andy Hargrea…, Real Estate Pro in Plymouth, MI
Andy Hargreaves answered:
Realtors playing golf...
Wait no...4 as in 400,000? I'll offer two hundred. Dollars.
0 votes Share Flag Mon Mar 2, 2009 Foreclosure in Livonia
NonRealtor, Other/Just Looking in 23456
NonRealtor answered:
The redemption period expires on 10/17 and I want to submit an offer to purchase. How do I know who to call?
Maria,
I'm sorry to hear about your loss. For some people, it's better to start over, a fresh start. There are probably many good opportunities for you in the future. In my opinion, t ... more
0 votes Share Flag Tue Oct 7, 2008 Foreclosure in 48150
Derek Bauer,…, Real Estate Pro in Livonia, MI
Derek Bauer, Door to Dreams... answered:
I am currently renting a home that is going to be sold at a sheriff sale june 11th.
Hi, Melissa!

This has become an all to common problem. Yes, you do need to seek legal counsel on this one. There are some creative strategies I have heard to handling situations li ... more
0 votes Share Flag Sat May 17, 2008 Foreclosure in Livonia
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