Foreclosure in Eltingville>Question Details

Vasundhara R…, Home Buyer in 10312

I am looking buy a pre foreclosure property in staten Island. Need some information as to how to go by.

Asked by Vasundhara Ramakrishna, 10312 Wed Jan 30, 2008

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4
First word of advice, when considering a pre-foreclosure, make sure you are in a place where you can afford to wait for the house to close- they often take a while. Also, if you are seriously considering a particular property, it would be worth the money to have a title search done so you know what to expect. How difficult the deal may be (how many banks will need to be satisfied, etc) can affect your purchase if you have to lock into a mortgage because if it takes an exceptionally long time to close, you may lose your rate and have to start over or to pay to extend. A short sale or pre-foreclosure can be a good deal as long as you know what you are getting into and as long as you have an experienced agent and attorney helping you.
1 vote Thank Flag Link Wed Mar 31, 2010
Give me a call at (718) 698-2179 at Prosperity Real Estate Group, We are on Richmond ave as well, I can help you answer any questions you may have, this is not commitment to come with us. YOu can come and inquire about this even if you are already working with someone. Buying a properity is a constitutional right, and we are here to make sure you are not provided with erroneous information.

My Name is Caesar Galindo Office manager, and Law Student at CUNY Law School.
0 votes Thank Flag Link Fri Mar 7, 2008
Buying a pre foreclosure home is sometimes complicated. In my opinion you should speak with an attorney and get all the pros & cons. Remember when a person does not pay their mortgage that sometimes means that they are not paying their taxes as well. There could also be other liens on the home and you do know that all liens run with the property not the person. We have in the past sold 2 homes that were pre foreclosure and the home owners walked away with some money, their credit was not destroyed and the new home owners were happy. That doesn't mean that they got a bargin they got a good deal. Be careful, ask questions, and most of all check it out, check it out, check it out. In the long run it is always better to be safe then sorry. By the way if you need to speak with a attorney, we can give you the name of a few who will be glad to help you out.
Sinerely, Ann Marie Focca - Broker/Owner - A FAMILY AFFAIR REALTY
0 votes Thank Flag Link Thu Feb 14, 2008
It seems like you're looking for a good deal. There are many out there. Pre Forclosures may not always be the best way to go. Agents would be the best resource in finding these deals. You can get FREE email alerts of any property you're looking for.
Web Reference: http://www.homesofsi.com
0 votes Thank Flag Link Mon Feb 11, 2008
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