Foreclosure in Tennessee : Advice

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Suzanne MacD…, Real Estate Pro in 07856
Suzanne MacDowell answered:
If we do a deed in lieu of foreclosure on a vacant lot (that were going to build on) do we pay taxes on the whole amount?
Be sure to talk to a tax professional to make sure all the facts are covered. Having said that, the rule of thumb is that you pay taxes on the forgiven debt. It is treated as income, ... more
0 votes Share Flag Sun Apr 5, 2015 Foreclosure in Memphis
Dana Milby, Real Estate Pro in Smyrna, TN
Dana Milby answered:
How do you see which bank owns a foreclosure?
Definitely go through a local Realtor. It is very difficult getting to the correct person in a bank regarding a foreclosure. You can usually find out through the tax records what bank ... more
0 votes Share Flag Tue Mar 17, 2015 Foreclosure in Smyrna
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
do you have any 3 bdroom 2 bath home for rent to own or lease to own in the 6-700 range that will allow pets for 4 adults would like south knoxville?
Why would you want it to be a rent to own? They add more $$$ to each months rent with those so they are even more expensive if you can find any at all. They are rare because they don't ... more
0 votes Share Flag Mon Mar 2, 2015 Foreclosure in South Knoxville
Brian Givens, Real Estate Pro in 37660
Brian Givens answered:
how do I short sell?
Talk to your bank and explain your situation. Have all financial documents ready to discuss with the bank representative.
Basically If they agree to short sale your property you will ... more
0 votes Share Flag Mon Feb 9, 2015 Foreclosure in 37814
Christopher…, Real Estate Pro in 10591
Christopher Pagli - ABR, GREEN answered:
i see a house i really like that is a forclosure and has been for a year or two now but it hasnt went on the market for sale.
The banks may not have gotten to it yet. It's really hard to get through to anyone if you don't know who the bank in question is, even then it can be difficult. If the bank feels ther ... more
0 votes Share Flag Mon Nov 10, 2014 Foreclosure in Pleasant View
spearsjim, Real Estate Pro in Flower Mound, TX
spearsjim answered:
what is best online training for property preservation company?
NAARPI International, They are the recognized leader when it comes to education to the property preservation and field inspection industry. Their course wo ... more
0 votes Share Flag Sat Oct 25, 2014 Foreclosure in Chattanooga
Annette Lawr…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence answered:
We are considering looking for a bank owned foreclosure in the Orlando area. Should we make full asking price?
Your question suggests you would benefit from a consultation with an Orlando REALTOR.

Bank owned real estate (REO) is sold in many conditions. Some are sold that are a strong breeze ... more
0 votes Share Flag Tue Jul 22, 2014 Foreclosure in 37803
marcusmoore, Home Buyer in Bartlett, TN
marcusmoore asked:
Foreclosures in Bartlett
0 votes Share Flag Thu Jun 19, 2014 Foreclosure in 38134
Suzanne MacD…, Real Estate Pro in 07856
Suzanne MacDowell answered:
I read that a 2nd mortgage on a foreclosed house could be transfer to the new owner of the property if purchased on the court house steps?
Are you using an attorney? You should be and they should be able to advise you with regard to Tennessee law. That having been said, I am also of the understanding that the second mort ... more
1 vote Share Flag Wed Jun 11, 2014 Foreclosure in 37804
Annette Lawr…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence answered:
Would like to know why a mortgage company never foreclosed on a property?
There are many, many, many reasons.
Three of which are:
1. Incompetence: The file on your property may have ended up at the bottom of the pile on Bob's desk and should be on Sheila's ... more
0 votes Share Flag Wed Jun 11, 2014 Foreclosure in Tennessee
Justin Tucker, Real Estate Pro in Brentwood, TN
Justin Tucker answered:
how long does renter have to move out of a house going into foreclosure?
it is a 90 day notice, but you have to be evicted.
0 votes Share Flag Thu Jun 5, 2014 Foreclosure in 37066
jonboy700, Home Seller in Vermont, IL
jonboy700 asked:
Is this a cash only auction?
0 votes Share Flag Mon Jun 2, 2014 Foreclosure in Harriman
Becky Ramos, Real Estate Pro in 37206
Becky Ramos answered:
Will the seller of a bank owned home go down dramatically in price if it's had no offers in two years and needs lots of repairs?
I have had 4 successful bank-owned deals this year alone where I was able to negotiate the repairs in the transaction to lower the price. What was your experience and what happened?
0 votes Share Flag Thu May 29, 2014 Foreclosure in Smyrna
Bailie Rhea…, Real Estate Pro in Nashville, TN
Bailie Rhea Hodges answered:
Can I get some more info on what this property has on it?
Which property are you referring to?
0 votes Share Flag Tue Apr 29, 2014 Foreclosure in Puryear
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
If i put an offer. The first highest offer did not go through My offer was the second highest. they subpost accept my offer.

They're not supposed to accept your offer.

They'll accept the best offer. If one doesn't go through, they may--or may not--accept the offer that (in their opinion) is secon ... more
0 votes Share Flag Tue Apr 8, 2014 Foreclosure in 37013
racinnick1, Home Buyer in Henderson, TN
racinnick1 asked:
who's got this house?
0 votes Share Flag Mon Mar 17, 2014 Foreclosure in Beech Bluff
arielde, Home Owner in Kingston Springs, TN
arielde answered:
There is a picture of MY HOUSE on your foreclosure list - my house IS NOT IN FORECLOSURE! How do I get this off your website?
Thanks - I e-mailed customer service & unfortunately it was after office hours when I discovered the listing. I'll call tomorrow.
0 votes Share Flag Mon Jan 20, 2014 Foreclosure in Kingston Springs
Steve Moyse, Other/Just Looking in Nashville, TN
Steve Moyse answered:
Hi I am looking at this property as an example as looking invest in property in and around Nashville. Its says on this the transfer fund is $17,500.
Hi mark. many thanks for your reply. so im right in believing that the amount is below expected market value? Do u have a number i can contact u on? Thanks
0 votes Share Flag Mon Jan 6, 2014 Foreclosure in Osage/North Fisk
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