YES IT IS A VERY BIG MESS. SEEMS I NEVER DO ANYTHING EASY IN LIFE. :)

AND THEY ARE BOTH MARRIED SO BOTH SPOUSES HAVE TO ALSO SIGN OFF OF THIS HOUSE.
SO 4 PEOPLE REALLY ARE ON THE DEED INSTEAD OF TWO. (DOWER'S RIGHTS IN OHIO).

Mon Jun 2 2008, 21:48

WOW, what a mess! I hope it all works out for the best. I hope it all works out in your favor. good Luck...

Mon Jun 2 2008, 13:42

WELL THESE PEOPLE DEFINITELY BROUGHT IT ON THEMSELVES.
THE MOTHER PUT THE HOUSE IN HER NAME AND HER SON'S, BUT HE WAS TO PAY ALL THE BILLS. WELL HE HAD ALREADY HAD AN EVICITION, SO WHY WOULD YOU DO THAT?
HE DIDN'T PAY THE MORTGAGE. DIDN'T PAY THE TAXES. SKIPPED TO ANOTHER COUNTRY AND NOW SHE IS LEFT HOLDING THE BAG. SHE HAS HER OWN PROPERTY TO WORRY ABOUT.

Mon Jun 2 2008, 13:19

Hey Cindy, I'm sure somewhere in the thread you went into detail about where and what your situation is, I'm just wondering if you could say again how your situation is going? Are you pursuing a short sale? How's it going? Any progress on your offer? Thanks, J. =)

Mon Jun 2 2008, 08:48

Since we're all adults here, I'm sure we can atleast agree on the fact that all the loans that were done on these "short sales" and "foreclosures" didn't help the situation. It's a sad thing, but yes I do also agree that each person who took out the loans should've been a little more responsible when "managing their money", and the crisis wouldn't be such a "crisis"... I'm just hoping we get this short sale done BEFORE this house forecloses so I don't have to move AGAIN!!! =)

Mon Jun 2 2008, 08:46

yes michael...........greedy.........considering what a short sale is suppose to be.

GO LAUGH AT SOMEBODY ELSE!!!!!!!!!!!!!!!!!!!!!!!!!

Sun Jun 1 2008, 22:01

they foreclose anyway because the banks don't want to take a decent offer

Sun Jun 1 2008, 22:00

The sellers Realtor is required to submit all offers - period. If they refuse to submit, I would first, contact their manager, principal, whatever (the term varies by state). If that does not work, contact the Real Estate commission in your state.

Sun Jun 1 2008, 17:27

"these banks are trying to get every dime they can. greedy."

Greedy for trying to get back your money?? LOL

Sun Jun 1 2008, 16:56

Well. We have a unique case only because we happen to own another house that is being remodeled right now. We lived in it for nearly ten years. We want to buy this house because it's in a better school district, and we need more space. Plus, we like the area a little better. our other house is very nice too though, PLUS it sits on an acre lot vs. the small lot at this new house. We're hoping they can get it done BEFORE it forecloses to avoid all that moving back and forth, but like I said before, there's no guarantee it will get done, and it actually looks at this point like it's NOT going to get done, but we'll just have to wait and see. It's ridiculous how these Short Sales are advertised, yet hardly any of them actually sale. Usually, they foreclose anyway. Oh well, good luck to you! =)

Sun Jun 1 2008, 14:30

geez............so you are going to move out and then possibly back in? and where do you go in the mean time? what a mess!!!!!!!!!!!!!

well maybe the bank will counteroffer you and you can avoid all this.
but you already offered what it is worth. they can't ask for much more.

i thought the idea of the short sale was for the bank to take a loss and it goes against somebody's credit for 2 years instead of 7 in a foreclosure????????????????? these banks are trying to get every dime they can. greedy.

Sun Jun 1 2008, 13:02

Hi guys. Sorry to chime in. Just thought I'd share my situation with you guys, and perhaps it could give Cindy some insight into this whole "Short Sale/Foreclosure" MESS we're ALL in...
To start, we are currently leasing a house we have made an offer to buy through a SHort Sale. The owner owes somewhere around 900,000, but it's only worth about 500,000 now (CMV), so that's what we offered. Chances are, they're never going to get around to selling it "short" by the time the Trustee Sale happens in Aug, so we'll have to move out, it won't sell at Trustee Auction, the Bank will take it back, relist it(REO), then we'll have to bid on it against several other interested parties, and MAYBE we'll get lucky and get it. but there's NO guarantees. It sucks I know, but it is what it is. Better Luck with your situation. =)

Sun Jun 1 2008, 08:50

9 times out of 10 the bank gets the property back. the reason being you have no access to the property and cannot view it or go inside, so who wants to buy a property site unseen???????????? expecially when alot of people get mad and totally trash them, and tear them up and take pipes and everything thing they can to get back at the bank and to get a dime out of it.

Fri May 30 2008, 20:44

why do you say not my formula............they are all the same here. they are not depending on what is owed, taxes, etc. as you stated.

Fri May 30 2008, 20:41

first of all, NOT MY FORMULA!

Who ended up with the properties?

Fri May 30 2008, 18:06

IF YOU LOOK AT THE LINK YOU SENT, THEY ARE ALL AT 2/3RDS VALUE.
HOW DO THEY SELL ONES WHERE THE PEOPLE OWE MORE THAN THE HOUSE IS WORTH THEN, AT YOUR FORMULA????????????????????????????

Fri May 30 2008, 12:16

more general knowledge on foreclosures, auctions and the banks

"The Opening Bid: Prior to the auction, the trustee establishes the opening bid. The opening bid is determined by totaling the remaining loan balance, court costs, interest and back taxes, legal fees and liens and judgements The official decision of a court of justice concerning the respective rights and claims of the parties to an action or suit.. The winning bidder will normally satisfy all these expenses at closing. If no one bids above the opening bid, the lender will take back the property at which point it becomes a Bank Owned or REO Real Estate Owned. Property that is in the possession of a lender as a result of foreclosure or forfeiture. property.

http://www.realtystore.com/foreclosure-tutorial/auction-fore…

Thu May 29 2008, 22:51

more foreclosure fyi

http://www.videojug.com/interview/foreclosure-step-by-step-2

Thu May 29 2008, 22:39

C RAY, more fyi , not advice

http://204.126.123.151/ssfweb/searchresults.aspx

http://www.co.summit.oh.us/sheriff/salesinfoPREtaxsale.htm

http://www.akronlegalnews.com/rules/CommonP/CPGD/cpgd_12.htm

http://www.co.summit.oh.us/sheriff/sales.htm

Thu May 29 2008, 22:29