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Ruth & P…, Real Estate Pro in 95030
Ruth & Perry Mistry answered:
What does foreclosed loan amount mean?
What does foreclosed loan amount mean?

That is the "loan" amount, that the previous owner defaulted on.
This does not mean, other debts such as Property Taxes, IRS liens, County lie ... more
0 votes Share Flag Thu Jan 2, 2014 Home Buying in 93428
Dan Chase, Home Buyer in Texas City, TX
Dan Chase answered:
how long does it take for a house to go from pre-foreclosure to foreclosure?
I have read about people who have not paid their mortgage payments for at least 2 years and not gotten a foreclosure and eviction notice from the bank yet. Others find they get the boot ... more
0 votes Share Flag Sun Dec 13, 2009 Foreclosure in 93428
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
I recently asked how long it takes a house to go from pre-foreclosue to foreclosure as I am interested in putting a bid in on the house.
What is your Realtor advising you to do--and how badly do you want this property--keep in mind you may not be the only one who wishes to or already has made an offer on this property.
0 votes Share Flag Sun Dec 13, 2009 Foreclosure in 93428
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
Should Realtors / people be able to send Post cards to home owners in financial Distress / default and tell them that their only options are?
No. Realtors shouldn't present false or misleading information.

Nor should investors do the same.

However, read those postcards carefully. I know plenty of investors who send ... more
0 votes Share Flag Sun Dec 13, 2009 Foreclosure in 93428
Jenny A. Le, Real Estate Pro in California
Jenny A. Le answered:
If a property is in pre-foreclosure what does this mean exacterly?
In very simplistic definition, pre-foreclosure means the current homeowner is unable to make the loan payment(s) as agreed in the executed mortgage(s). So the current owner is selling ... more
0 votes Share Flag Tue Sep 1, 2009 Home Buying in 93428
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