Foreclosure in Charlotte County : Real Estate Advice

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Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
this property on sandpiper drive that is foreclosing at $141,000. How bad is it really? Is the Property really at $141,000 or do i have to pay more?
If it is being forclosed you really don't have any idea what amount it will sell at auction for. The bank that holds the loan will often put in an opening bid of that amount and since i ... more
0 votes Share Flag Wed Feb 18, 2015 Foreclosure in Punta Gorda
Annette  Law…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence answered:
Florida tax deed sale
Of course you should pay for the guidance of an attorney.
The following is not legal advise.

You must refer to the rules of that community.
In most instances you can resell immedia ... more
0 votes Share Flag Fri Nov 21, 2014 Foreclosure in 33980
Tammy Hayes, Real Estate Pro in Port Charlotte, FL
Tammy Hayes answered:
I see that a couple of properties in Rotunda West are coming up for auction. How does that work for a potential out of country buyer? J&A
I can send you the current MLS listings or you can search for properties on my web site at: http://www.tammyhayes.remaxagent.com/. Some properties you can bid online and don't have to ... more
0 votes Share Flag Sat Nov 1, 2014 Foreclosure in Rotonda West
Randy and Vi…, Real Estate Pro in Punta Gorda, FL
Randy and Vicki Biehl answered:
I live in florida. i have an contract of buying property that has now been seized by the sherriff to sale, to satisfy a lien on the seller of my
This is a question that needs to be asked of a real estate lawyer.
0 votes Share Flag Tue Jun 10, 2014 Foreclosure in Punta Gorda
Randy and Vi…, Real Estate Pro in Punta Gorda, FL
Randy and Vicki Biehl answered:
When a foreclosure home is sold in Florida at a sheriffs sale will it have a clear title and be free of all liens before it can be auctioned off ?
Buyers beware of auction properties, you may not be getting a free and clear title with out liens on it.
0 votes Share Flag Tue Jun 10, 2014 Foreclosure in Punta Gorda
Randy and Vi…, Real Estate Pro in Punta Gorda, FL
Randy and Vicki Biehl answered:
in florida when a home goes into lis pendens wells fargo mortgage holder what is the average time frame before home is foreclosed on?
I don't think you can give an estimated time frame for a foreclosure process. From what I've seen it depends on the lender and their objectives. A local lawyer familiar with foreclosure ... more
0 votes Share Flag Tue Jun 10, 2014 Foreclosure in Punta Gorda
sarabeth1968, Home Buyer in Placida, FL
sarabeth1968 answered:
Is the market forcing down sale prices in the Hammocks at Cape Haze?
Are you kidding 550k, no way! You are in the ballpark with your pricing.
0 votes Share Flag Sat Mar 29, 2014 Foreclosure in Placida
Jennifer Keys, Real Estate Pro in Englewood, FL
Jennifer Keys answered:
interested in home foreclosure 426 Ryals st cash sale
There are some great investment buys in the area right now. Please feel free to contace me to help me better understand what you are looking for ie; homestead rental investments ect.
T ... more
0 votes Share Flag Sun Jul 21, 2013 Foreclosure in Port Charlotte
Tammy Hayes, Real Estate Pro in Port Charlotte, FL
Tammy Hayes answered:
How can I find the status of a property shown as lis pends in February 2013 in Punta Gorda, FL?
Some homes in this area are taking up to 4 years before they go to foreclosure once a Lis Pendens has been filed. Some homeowners are even getting refinancing and the home will no long ... more
0 votes Share Flag Mon Mar 11, 2013 Foreclosure in Punta Gorda
Viqueen07, Home Buyer in Port Charlotte, FL
Viqueen07 answered:
i am renting a home that just went up for short sale . do i still have to pay rent to my landlord who obviously isn't paying mortgage?
do i still have to pay the relator rent for a home she do not have any more becausae the home is up for forclousure?
0 votes Share Flag Tue Dec 18, 2012 Foreclosure in Port Charlotte
Nickie Sherw…, Real Estate Pro in North Port, FL
Nickie Sherwood answered:
My house has been sold in auction today 11/26/12. I saw through the courthouse i am still living in the home what happens after this?
It is up to the buyer now. It doesn't sound like a corporation, otherwise you probably would have been asked to leave ASAP. Wait until the buyer gets in touch with you, but in the meant ... more
0 votes Share Flag Mon Nov 26, 2012 Foreclosure in 33952
Annette Levi…, Other/Just Looking in New York, NY
Annette Levinson answered:
I am trying to buy a FNMA foreclosure. They are offering Home Path mortgage but I want to go with an FHA and a larger down payment 40%.
Claudia is right. If you plan to put 40% down, then FHA is not a good option since you will be paying up front mortgage insurance. If you have 40% to put down then you should have your ... more
0 votes Share Flag Thu Aug 9, 2012 Foreclosure in 33983
Tammy Hayes, Real Estate Pro in Port Charlotte, FL
Tammy Hayes answered:
In area in april,need a condo for 25,000 furnished, fund are tight will rent out to help with fees. I am 51, your thoughts
Many condo developments have rental restrictions. Some only allow you to rent 2-3 times per year. Some communities also require you to be approved or the tenant to be approved by the ... more
0 votes Share Flag Sat Apr 14, 2012 Foreclosure in Punta Gorda
Alma Kee, Real Estate Pro in Tampa, FL
Alma Kee answered:
What is the best strategy that could be used to buy a foreclosure home when you are 3,000 miles away?
Hi Thais,

As you may have already experienced, Bank owned foreclosed homes generally get multiple offers above the asking price.

So, if you don't mind paying "full reta ... more
0 votes Share Flag Thu Dec 15, 2011 Foreclosure in Port Charlotte
Marge Trayner, Real Estate Pro in Port Charlotte, FL
Marge Trayner answered:
We made an offer on a home in Port Charlotte, Florida and were told the offer was accepted...7 days later..email tells sold to another!????
Regardless of what your agent was told by the seller's asset manager, reo contracts must go to another level for approval and signed off to be valid/effective. Until that contrac ... more
0 votes Share Flag Thu Dec 8, 2011 Foreclosure in Port Charlotte
Shawn Ryan R…, Real Estate Pro in Belleville, NJ
Shawn Ryan Rosa answered:
Responsibility of bank and listing agent to state on their listing that there is a problem with a house
if they have been informed of a problem and/or the problem is not capable of being detected through plain sight, then they must disclose.
1 vote Share Flag Thu Dec 8, 2011 Foreclosure in Port Charlotte
Tammy Hayes, Real Estate Pro in Port Charlotte, FL
Tammy Hayes answered:
What other fees are associated with foerclosures other than the normal fees. Are thses titles free and clear or are there back taxes etc. involved
Buying a foreclosed property can differ in many ways than other more standard transactions. All offers are contingent on financing and must be accompanied by a pre-approval letter. So ... more
0 votes Share Flag Mon Apr 18, 2011 Foreclosure in Port Charlotte
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