You should speak to your bank, call and ask for home retnetion. You should also speak to an attorney as you bought another home, if they chose to hokd you responsible for the shortage, then make sure they can not attach your current home. Then if you chose a short sale, hire the best agent who is the most experienced in negitiating and selling short sales. not every agent has short sale experience... more
County courthouse records all deed and transfers. They will know. These deeds can take days, weeks, or months to get updated in some counties. You won't be able to talk to the bank to try and buy it, so don't waste a lot of time trying. When they get around to selling it there will be a for sale sign and a Realtors name on it.... more
How you approach them is everything! If you have the means to buy their home and get them out of a forclosure situation and into a short sale deal they appreciate it, but if it's just to ask them questions they might get upset. I think most people in their shoes would love to have an easier way out!... more
Very simple: go to Montgomery Co. Sheriff website and look at "current and past sales". If it is in 'past sales' look in the right hand column and see if it is a bank that bought it back. If it is listed in current sales, you may be able to purchase it at Sheriff Sale. A source you may consider to look at properties that are going to auction outside of Sheriff Sale is www.auctionzip.com and type 'real estate' in the search box. You will find properties that REALLY ARE going to auction and auctioneer/realtors that can answer all your questions- certainly feel free to email or contact me w/specific questions. Good luck!... more
Th only scenario where I have seen something like that happen is when a renter already has a lease, the property owner is foreclosed on and Fanny Mae takes over the property. They will allow the tenant to run out their lease before having to move. But to rent it out to a new tenant after foreclosure - never.... more
There are some large apartments in that area, and all throughout the Dayton area, but nothing on the market currently, at least through our MLS system. I would have to do some digging for you on this one, a lot of our commercial brokers do not advertise the properties on the MLS in our area, which makes no sense to me, but that is the way it seems to be the case.
The largest multifamily in that area that I know about for sale right now is here (229 units):
The subject property consists of 18 brick two story buildings which are made up of 128 one-bedroom units and 101 two bedroom units. The one bedroom units range from 692 SF to 932 SF with a monthly rental average of approximately $414 which is about $45 below market according to a REIS report covering rental comps within a 10 miles radius of the subject property. The two bedroom units range from 827 SF up to 1614 SF with a monthly rental average of $520 which is $20 below marketing according to the same REIS report. The subject property is approximately 90% occupied. The price: $7,000,000.
If you would like more info on this, please let me know, I would be happy to help. I also have access to a large multi family in Oxford, OH consisting oover 300 units and will be listed at a price of around $16,000,000 in January sometime. It is a VERY nice property that stays about 95% rented and has a cap rate of about 11 at that price.
I would like to help you on this, please contact me if you have any questions. - (937) 974-5176 or sold@JohnYouker.com.... more