Foreclosure in Farmington Hills : Advice

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A. Charles E…, Real Estate Pro in Royal Oak, MI
A. Charles Edwards answered:
I have poor credit score. Is there a mortgage that I can get and submit $1000 payments to. I would like a loan for $100,000
I head up credit coaching for my company and I would be happy to assess your situation and help you game-plan accordingly. Our credit coaching is free of charge.
0 votes Share Flag Fri Mar 29, 2013 Foreclosure in Farmington Hills
Jerry Thomas, Real Estate Pro in ,
Jerry Thomas answered:
My house foreclosed and bank bid for a discounted amt. of $80,400. Can I sell my house to my bother now at this discounted or better price?
The short answer is YES, you can sell this home to your brother and you do not need the approval of your lender to do so, if you are paying off the Sheriff's Deed.

As others ha ... more
0 votes Share Flag Thu Jan 20, 2011 Foreclosure in Farmington Hills
Desari Jabbar, Real Estate Pro in Stone Mountain, GA
Desari Jabbar answered:
We have a house on our block, the redemtion periond ended on Oct. 11th. The bank ownes the house. When do they have to leave, we are all waiting.?
Either a financial relocation agreement will be offered if the property is owner occupied or tenant occupied and the tenant does not have a lease.
If there is a valid lease, the lease ... more
0 votes Share Flag Mon Oct 18, 2010 Foreclosure in Farmington Hills
Keith Manson-…,  in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
I just found out that a property I am currently involved in a short sale with had a Notice of Default put against it. I am in contract with the
You are in the process of doing a short sale and typically the owner is not making payments and is trying to do a work out to improve his credit or allow him the opportunity to buy anot ... more
0 votes Share Flag Sun Jul 4, 2010 Foreclosure in Farmington Hills
Maureen Fran…, Real Estate Pro in Birmingham, MI
Maureen Francis & Dmitry Koublitsky answered:
Need help with a Short Sale Strategy.... After waiting for 8 months for the bank(Bank of America) to accept our offer, we finally heard that the
Though we have done it, I would say it is very difficult for a buyer's agent to do anything to accelerate the short sale process, especially without cooperation from the seller.
... more
0 votes Share Flag Mon Mar 29, 2010 Foreclosure in Farmington Hills
Dismayed Buy…, Home Buyer in Farmington Hills, MI
Dismayed Buyer answered:
From Short Sale offer to foreclosure to REO...and we still don't have an answer. We made an offer of the short sale asking price in July 09. I
The home does sit on 3.5 acres so we know that it is a 12 month redemption. I verified that with the attourney's office that handled the sherrif's sale.

What will happen a ... more
0 votes Share Flag Mon Mar 15, 2010 Foreclosure in Farmington Hills
Tom Boos, Real Estate Pro in Mack Avenue, MI
Tom Boos answered:
After the redemption period of a sheriff sale what happens when the owners don't move out? we are the only offer on a house that should have
The ball is in the Bank's court here. The Bank will have to take possession of the property which will make this home an official REO. It WILL be vacant at the time of your purch ... more
0 votes Share Flag Thu Feb 18, 2010 Foreclosure in Farmington Hills
Wendy Valko, Real Estate Pro in Hartland, MI
Wendy Valko answered:
How can I find out how long a property has been on the market just buy looking at the listing and what does "BMK" stand for?? Bank owned??
Dear Tina,

I have read all the above answers and agree with all of them. Although, I would like to add a little something.

Professional Realtors are legally bound to represent t ... more
0 votes Share Flag Wed Nov 11, 2009 Foreclosure in Farmington Hills
Dmgre,  in Detroit, MI
Dmgre answered:
Iam in investor from OZ and looking to buy a forclosure 3 b.r house in cash. Any serious sellers?
Call Desert Management Group at 877 572 4466
They have GREAT cheap houses, with property management in place, to make
everything easy for investors out of town.
0 votes Share Flag Fri Sep 18, 2009 Foreclosure in Farmington Hills
Carlina Boji,  in Farmington Hills, MI
Carlina Boji answered:
Short Sale!!! Please help me! Thx! About 1 month ago we put an offer on a house that was accepted we were told
Be patient, your agent sounds like she is doing all she can to help. The short sale process is a long one.
0 votes Share Flag Wed Sep 16, 2009 Foreclosure in Farmington Hills
Bob McClure, Real Estate Pro in Walled Lake, MI
Bob McClure answered:
I've recently lost my job for the 2nd time in 1 year and 3 months and I have no option but to file a chapter
good afternoon..2 years from a chapter 7 discharge and three years from the sheriff's sale on a foreclosure...assuming you have re-established credit....i suggest you papertrail your pr ... more
0 votes Share Flag Mon Jun 1, 2009 Foreclosure in Farmington Hills
Carlo Gobba, Real Estate Pro in Bloomfield Hills, MI
Carlo Gobba answered:
First time home buyer. Do you recommend a WB condo or FH house?
Only you can really and truly answer your own question. It's a lifestyle decision maily. Yes, budget is a major factor but what you get in return for what you payfor and what you are al ... more
0 votes Share Flag Thu Jan 3, 2008 Foreclosure in Farmington Hills
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