Home Buying in Charlotte>Question Details

martin.mary55, Home Buyer in Charlotte, NC

i want to buy a house that went deed in lieu about 20 seconds before i got there. is there any way to follow or hustle along the process?

Asked by martin.mary55, Charlotte, NC Wed Apr 10, 2013

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The property will be listed fairly quickly in about two weeks. It will be a better price because loan balance has no influence on price. It is now a bank owned property and will be priced to sell in 30 days or less.
Cathy Herron
A Carolina Realty
888-763-1155 x 5
0 votes Thank Flag Link Wed Apr 10, 2013
Good afternoon, MartinMary:
Not likely any way to hustle along the process, but we can track the property and notify you immediately the moment it comes on the market if you contact through profile. If you appreciate an answer, please give thumbs up. For the most helpful answer, please say thanks with a best answer click.
0 votes Thank Flag Link Wed Apr 10, 2013
it may be too late but the only way to find out is to contact the lender. Problem is, they will not talk to you without written permission of the seller. If the bank has already taken possession of the home, you need to watch for it to come back on the market. The price will be, most likely lower! Best of luck! Kathleen Turner
0 votes Thank Flag Link Wed Apr 10, 2013
Hello,

If the seller already initiated the deed in lieu process, they may not be able to stop it. It really depends on where exactly they are in the process and if the seller is willing to work with you as far as contacting their lender/foreclosure attorney to stop/delay the process.

My best advice is to get in contact with a real estate attorney who can advise you on the foreclosure process.

Amy Baker
Allen Tate Realtors
704-258-1459
Amy.Baker@allentate.com
0 votes Thank Flag Link Wed Apr 10, 2013
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