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Samiam53, Home Buyer in New York, NY
Samiam53 answered:
are banks allowed to profit off of the sale of foreclosed property?
Ron FTC This is kind of a tricky question , The Federal Banking Commission is very specific on this subject NO When a property is foreclosed on it goes into RECEIVERSHIP an ag ... more
0 votes Share Flag Tue Sep 15, 2015 Foreclosure in 22307
Van Cash To…, Real Estate Pro in Alexandria, VA
Van Cash To Buyers Garrett answered:
We bought a 1br condo for $250k in Alexandria VA, and the going rate is now about $200k. We need to move out due to our expanding family size and
The agents before have made some valid points. Time heals all wounds so getting with an agent to rent your property out a few years then sell may be a great option. One thing that was n ... more
0 votes Share Flag Tue Feb 24, 2015 Market Conditions in 22307
Robert Lepel…, Real Estate Pro in Alexandria, VA
Robert Lepelletier answered:
What happens to the income from a commercial property while it is in foreclosure?
Dear Bryan:

Most commercial and investment properties have an "assignment of rents" provision in the Deed of Trusts. It would be at the discretion of the lender whether or not t ... more
0 votes Share Flag Wed Dec 18, 2013 Foreclosure in 22307
Deeley  Ches…, Real Estate Pro in Ocean City, MD
Deeley Chester answered:
If a bank counter offer at one price, and i offer the asking price, can the bank come back and ask for more money?
Hello Ccvarna,
Yes sometimes in short sales the owners are not always approved for the actual amount. Make sure that your agent is aware of why they are asking for more money.
0 votes Share Flag Mon Sep 5, 2011 Foreclosure in 22307
Rentals Gone…, Real Estate Pro in Washington, DC
Rentals Gone Wild answered:
I am looking for a basement apartment near Old Town with a kitchenette.
Hello Kimberly,

We would be more than happy to help locate an apartment in the Old Town area for free. Could you please email us with your exact search criteria?

Kindest regards,
0 votes Share Flag Tue Jul 19, 2011 For Rent in 22307
Vivianne Rut…,  in Fairfax County, VA
Vivianne Rutkowski answered:
I've been renting several years - thinking about buying - 1st time - NERVOUS - Pros, Cons ? Please Advise.
My understanding is that you are a real estate broker.

If yes, why not make an appointment with one of your ABR agents and ask them to represent you. A good Buyer Agent wi ... more
0 votes Share Flag Fri May 8, 2009 Home Buying in 22307
Keith Manson-…,  in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
Can a bank list a foreclosure for a price higher then they foreclosed on?
What difference does it make if the bank makes a profit or not. The bank should be trying to sell the property at market value. Because you want to purchase at the price that was bid ... more
0 votes Share Flag Tue Mar 10, 2009 Foreclosure in 22307
Brian Schantz, Real Estate Pro in Falls Church, VA
Brian Schantz answered:
There is a house that we are interested in Alexandria, Va, Its actually in Fairfax county, its been on the
11 months is LONG time fo sell in this price range, Jenny - eveb fior a bank. Many times, you have a decision maker several states away that is only going by an inaccurate or dated app ... more
0 votes Share Flag Sun Jul 20, 2008 Home Buying in 22307
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