Foreclosure in Wichita : Real Estate Advice

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AF Farha, Real Estate Pro in Wichita, KS
AF Farha answered:
If we want to buy a house in Wichita, do we have to have a down payment? If so, how much would we be expected to pay?
To get the best interest rate on a commercial loan, a buyer would have to make a downpayment of 20% of the sale price. Nevertheless, depending on the borrower's credit, a down payment ... more
0 votes Share Flag Fri Feb 20, 2015 Foreclosure in Southwest
My NC Homes…, Real Estate Pro in Chapel Hill, NC
My NC Homes Team answered:
Tried to bid on property was told it sold. Foreclosed since dec 2010
Tax records are not updated in real time, so looking at them online doesn't necessarily mean you've got the most accurate information. Online Foreclosures sites are terrible sources of ... more
0 votes Share Flag Fri Apr 18, 2014 Foreclosure in Wichita
Countrylivin', Home Buyer in El Dorado, KS
Countrylivin' answered:
Found a property in the legal section of newspaper - was to be sold at courthouse on 5/5, now it is showing to be sold on 6/9 - what happened??
Asking question about same property. Supposedly sold in October 2013, closed in dec 2013, however still is showing owners as mortage passthrough cert. can't seem to find out anything. ... more
0 votes Share Flag Fri Apr 18, 2014 Foreclosure in Wichita
A Keyson,  in Nevada
A Keyson answered:
Is there a way to find out how much a bank needs to break even(foreclosed property)?
Good answers, yes I agree that the bank will base their price off their BPO and will do a small price drop accordingly as time goes on if it doesnt sell.
1 vote Share Flag Tue Jun 26, 2012 Foreclosure in Wichita
Robyn Funk,…, Real Estate Pro in Wichita, KS
Robyn Funk, Broker 316-644-9101 answered:
Where can I find government tax foreclosure properties in the Wichita, KS area?
Buying tax foreclosures is tricky. You better do your research. It's not like buying a foreclosure where are the liens have been wiped out. Most of the best one's are cancelled prior to ... more
0 votes Share Flag Mon Jun 25, 2012 Foreclosure in Wichita
Robyn Funk,…, Real Estate Pro in Wichita, KS
Robyn Funk, Broker 316-644-9101 answered:
What is the process of buying a foreclosed home with an FHA loan?
David,
You have many different options. The best option depends upon the particular property, your personal financials, and other factors. I have closed on foreclosure's with an FHA l ... more
0 votes Share Flag Mon Jun 25, 2012 Foreclosure in Wichita
Paul Rosales, Real Estate Pro in Wichita, KS
Paul Rosales answered:
On a Short Sale/Forclosure How long does the bank have to respond if they will accept the offer?
till hell freezes over:( no set time.
1 vote Share Flag Tue Jun 19, 2012 Foreclosure in Wichita
Andrew Kaknes, Real Estate Pro in Billerica, MA
Andrew Kaknes answered:
Where do you find information on buying bank foreclosed homes.?
This is a very helpful site: http://newenglandhud.com/

Not only for New England but for the whole country.

Here is another:

http://portal.hud.gov/hudportal/HUD?src=/topics/home ... more
0 votes Share Flag Wed Jan 12, 2011 Foreclosure in Wichita
Maggie Hawk, Real Estate Pro in New Smyrna Beach, FL
Maggie Hawk answered:
can the city of wichita legally tear down a house built in 1890 due to violating city code?
Angie,
Most likely they can. I've seen it happen in my city, here in central Florida. However, usually the tearing down of the house is the end of a very long and structured pro ... more
0 votes Share Flag Sun Aug 8, 2010 Foreclosure in 67203
NonRealtor, Other/Just Looking in 23456
NonRealtor answered:
I owned my property free and clear, but then foolishly allowed my nephew to get a loan against it.
What did your nephew buy with the loan? Maybe you can sell it. Good Luck
0 votes Share Flag Sun Oct 12, 2008 Foreclosure in Wichita
Don Tepper, Real Estate Pro in Burke, VA
Don Tepper answered:
I do a lot of short sales and have started using land trusts to buy the property and then find an end buyer.
The land trust "guru" is Bill Gatten. Check his web site at http://www.landtrust.net They have a large, active bulletin board to provide advice and guidance. Also, his 3-day seminars gi ... more
0 votes Share Flag Wed Jun 4, 2008 Foreclosure in Wichita
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