Foreclosure in 33707>Question Details

dianeryokom,  in Saint Petersburg, FL

Area code 33707, address (approx.) 5718 19th Ave S, Gulfport, FL, house abandoned and being broken into on a regular basis. Torn up inside

Asked by dianeryokom, Saint Petersburg, FL Sat Jul 27, 2013

What are you doing with this property? Tax liens by the City of Gulfport don't seem to inspire anyone, thus, what is needed to purchase your 33707 area code, abandoned (foreclosure/short sale, etc) property? I am a former foreclosure expert, 35 years paralegal, now retired. I would like to be contacted by a paralegal in the foreclosure department of your legal department. No threat - just need to get this stuff done now. I understand you are waiting for market to be a seller market - this property has no chance. Let me help. Diane R. Yokom (dianeryokom@yahoo.com) From the COMMENTS BELOW IT APPEARS YOU HAVE A HARD TIME RESPONDING - RESPOND ASAP.

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Cohn Pamela’s answer
Dianeryolum-

What is who doing? What legal department are you talking about? The lender's attorney?

When you are looking at foreclosure sites or public records for liens ...that what you are seeing.... a lien against the property, the first step in the foreclosure process. The Lender has filed a lien with an attorney against the property, and it could take anywhere from 90 days to 3 years plus. In the mean time the house is in limbo. The owner may still live there or it may be vacant, but it can't be sold at this point...unless the owner is actively trying to do a short sale. The lender's attorney who filed the lien is not going to talk to you..or any other interested property, until the foreclosure process is complete. From what you said the house is abandoned, which makes it even more difficult for the lender to complete the process. The first shot at buying the house will probably be when it hits the court house steps....but as you know....buyer beware...that is not a clean title...liens and violations are still active and attached.

Sincerely,

Pam Cohn
Broker Associate, GRI, SFR, NHS
Real Estate Consulting, Marketing & Sales
Prudential Tropical Realty
2539 Countryside Blvd #3 Clearwater, FL 33761
pcohn@prutropical.com
727-204-7155
0 votes Thank Flag Link Mon Jul 29, 2013
Diane,

You are writing your question to an open forum on Trulia...who are you waiting for an answer from? As a former foreclosure expert you should be aware of several of the issues regarding the property and questions you are referencing.
1. You don't have an exact address.
2. Check the exact address against the tax records to see what stage of the foreclosure process it is in. Has a lis pendens been filed and if so by whom? It will give the name of the law firm that filed and for whom. The law firms will not talk with the public during the process. If there is no judgement date the house is in the terrible limbo stage.
3. Until the house is foreclosed the bank does not own the property or have the rights to maintain. If it is an eyesore and a danger I suggest you go to the town or county and push them to file code enforcement liens. That may get some attention.
4. If it appears to be abandoned you can tell the lender and they may be able to change the locks for protection & safety of the property.
5. The lender may have no way of reaching or finding the owner-again a long term limbo..,or they may be missing signatures.
6. With problems- which this sounds like it has, the foreclosure process can take years.

Whatever the story is behind this one- Trulia- and agents responding to the questions posed is not a forum that can assist you. Best bet is to go down to City Hall and see if code enforcement can assist you. Good luck.

Sincerely,

Pam Cohn
Broker Associate, GRI, SFR, NHS
Real Estate Consulting, Marketing & Sales
Prudential Tropical Realty
2539 Countryside Blvd #3 Clearwater, FL 33761
pcohn@prutropical.com
727-204-7155
0 votes Thank Flag Link Fri Aug 23, 2013
Diane,

Are you asking this question of the lender?

If you are, the short answer is the property was likely included in a derivative offering by the original lender. That means it could take years to sort out who has the legal right to execute the foreclosure. Despite what my colleague wrote below, the "lender", and that could be many parties, will execute what is know as a notice of sale or a writ of possession. A district judge will need to bless it then the Sheriff will cease the property to be sold at public auction.

It is very hard to tell who actually owns the mortgage note but the servicer of the loan is easy to find. Just use the pcpao.org website and search by address, look at the last sale and click on the pdf documents for that sale. Their foreclosure department can and will verify if the property is in the process and where it stands. If they no longer service the note, they can tell you who the owner of the mortgage note assigned it to.
0 votes Thank Flag Link Fri Aug 23, 2013
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