Foreclosure in Detroit : Advice

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James Gordon…, Real Estate Pro in Cincinnati, OH
James Gordon ABR PBD SFR SRS answered:
what happens when a house sold in march 2009 and then it's on the mcbreo site for forclosure. what makes a house move this fast?
Gillweb that would be about the right timeline. Property gets sold at sherriff sale, then the right of redemtion time expires. Hud prepares property for sale and does inspections. Prope ... more
0 votes Share Flag Sun Dec 20, 2009 Foreclosure in Detroit
Catherine Ca…, Real Estate Pro in Freehold, NJ
Catherine Cataletto answered:
Hello, How acturate is this information?
Trulia I have found to be somewhat accurate. I would check the tax records as well.
0 votes Share Flag Mon Nov 23, 2009 Foreclosure in Detroit
Kierra Staff…, Real Estate Pro in Detroit, MI
Kierra Stafford answered:
us bank bought my house at sheriff sale how do contact them to see when i have to leave
Yes Tony, more than likely if your home is located within the city of Detroit, you will have a six month redemption period starting from the day after the Sheriff's Sale. It sound ... more
0 votes Share Flag Mon Nov 16, 2009 Foreclosure in Detroit
Voices Member,  in
Voices Member answered:
how do i buy a preforeclosure property?
It is very easy and simple to buy a Foreclosed property from the Bank. Most banks have listed their asset/property with a Real Estate Broker/Agent. Be careful about the condition on t ... more
0 votes Share Flag Fri Oct 30, 2009 Foreclosure in North Rosedale Park
Steele V. Pr…, Real Estate Pro in Minneapolis, MN
Steele V. Propp answered:
OK, Let's say you have a FHA mortgage in Michigan, the home was sold during the sheriff sale , so the home is now in foreclosure, but you find a
I am in Minnesota where we also have a 6 month redemption. Yes, you can do a short sale during the redemptions period. As one bank recently told me, "you get an extra 6 months to ... more
0 votes Share Flag Fri Oct 30, 2009 Foreclosure in Detroit
Derek Bauer,…, Real Estate Pro in Livonia, MI
Derek Bauer, Door to Dreams... answered:
RENTING FORECLOSURE
Randy,

Have you received a notification of the foreclosure sale? Once that sale occurs, it will likely be about 6 months from that date.

Pay attention to what is being posted on ... more
0 votes Share Flag Sun Oct 25, 2009 Foreclosure in 48220
Catherine Ca…, Real Estate Pro in Freehold, NJ
Catherine Cataletto answered:
What is a reasonable amount of time for a bank to accept an offer on a foreclosed home when there are?
Phil

Unfortunately I closed a few short sales this year and the only thing that you can count on, is that you can count on each one being different.
No one short sale is the same be ... more
0 votes Share Flag Sun Oct 18, 2009 Foreclosure in Detroit
Audrey Morgan…, Real Estate Pro in New City, NY
Audrey Morgan, GREEN, GRI, SFR, SRES, CDPE, CIAS answered:
I 'v tried to get help with saving my home. Bank of America said there was nothing they could do for us and the case has been closed. Is there?
Hi Jeannette,

Log on to www.cdpe.com, and click on find a CDPE where you should be able to find an Agent in your area who have specialized training to assist you with a short sale. ... more
0 votes Share Flag Mon Oct 12, 2009 Foreclosure in Detroit
Cicely Brook…, Real Estate Pro in Birmingham, MI
Cicely Brookover answered:
I am renting a home that is about to be forclosed on. How long do I have aftr the forcloseing t move.?
"About to be foreclosed on"?? Do you mean it is about to be sold by Sheriff's Deed? You will have 6mo typically after the Sale to stay in the home unless the owner make ... more
0 votes Share Flag Fri Oct 9, 2009 Foreclosure in 48220
Pamela A. Ne…, Real Estate Pro in Farmington Hills, MI
Pamela A. Nelson Bahar answered:
I think I made an big mistake. My mom passes away earlier this year. Her home is just their. No mortgage has been made or nothing. So far no payment
Greetings Ms. T.
Very sorry for the loss of your Mother. I sympathize with you in hearing what you're going through.

I know you mention that the mortgage company won't sp ... more
0 votes Share Flag Tue Sep 8, 2009 Foreclosure in Detroit
Richard Prid…, Real Estate Pro in Livonia, MI
Richard Pridemore answered:
In Michigan, can the bank enter my home during the redemption period?
Sorry Ruben but the purchaser at a Sheriff's auction in Michigan does NOT own the home until the Sheriff's deed is converted at the end of the redemption period. You say that ... more
0 votes Share Flag Tue Sep 8, 2009 Foreclosure in Detroit
Steven Ransom, Other/Just Looking in 48209
Steven Ransom answered:
A Short Sale May Not Mean You're Home Free
Banks and financial institutions are making the foreclosure crisis worse, as lobbying efforts seek to block bankruptcy courts from gaining more power to reduce debt.

Banks Are Worsen ... more
0 votes Share Flag Sat Aug 8, 2009 Foreclosure in Detroit
Steven Ransom, Other/Just Looking in 48209
Steven Ransom answered:
I can't keep up the payments on my Detroit rental and foreclosure is imminent. What options do I have?
Michigan State Housing Development Authority - Save the Dream. ... Foreclosure Questions and Answers · Who to Contact for Help ...
http://www.michigan.gov/mshda/0,1607,7-141-45866_4 ... more
0 votes Share Flag Thu Aug 6, 2009 Foreclosure in Detroit
Steven Ransom, Other/Just Looking in 48209
Steven Ransom answered:
How do foreclosures work? there is a home for a $24,900 on Seminole...is that the real price?
Foreclosure - court ordered process of selling property that has a defaulted mortgage

To answer the first part of your question: How do foreclosures work?

Despite the general perc ... more
0 votes Share Flag Wed Aug 5, 2009 Foreclosure in Indian Village
Minna Reid, Real Estate Pro in 06107
Minna Reid answered:
i tried to save my home,but the bank wouldn't negotiate,other agencies couldn't get the bank to negotiate why?
Perhaps your situation doesn't qualify for a loan mod?
If they won't modify - maybe it's time to consider your other options.
0 votes Share Flag Tue Aug 4, 2009 Foreclosure in Detroit
Keith Manson-…, Real Estate Pro in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
i WAS SERVED AN EVICTION COURT DATE, BUT I AM NOT IN THE PROPERTY, NOW WHAT IS THE COURT GOING TO DO!
If your in the eviction process, the foreclosure sale has been completed. If you are not in the property the eviction will be quick for the bank and the court will allow the bank to ta ... more
0 votes Share Flag Tue Aug 4, 2009 Foreclosure in Detroit
Cathy Miller, Real Estate Pro in Naples, FL
Cathy Miller answered:
can anyone tell me if this house is a foreclosure 11046 saint patrick detroit, mi 48205?
If you do not know who the "legal" owner of the property is. This is the only sure way to provide proof of payment. Go to the county's Clerk of Court and tell them you do not know who ... more
0 votes Share Flag Mon Jul 13, 2009 Foreclosure in Detroit
Andy Hargrea…, Real Estate Pro in Plymouth, MI
Andy Hargreaves answered:
Is it wise to make a full price offer on a short sale of a house when you have not been able to see interior.?
Thanks Dp2. ;)

I've been fortunate to nicely align myself with several investors locally and we have a pretty nice system going for buying low, selling for fair value (there's still ... more
0 votes Share Flag Tue Jun 23, 2009 Foreclosure in Core City
Emily Erekuff, Home Owner in Menifee, CA
Emily Erekuff answered:
how do I find homes that are in foreclosure?
Hi Elizabeth,

You can now use Trulia to find foreclosure listings. On our results page you'll now find a selection for 'Resale', 'New Homes' and 'Foreclosure'. Access the link below ... more
0 votes Share Flag Sun Jun 21, 2009 Foreclosure in Detroit
Rebecca, Both Buyer and Seller in Minneapolis, MN
Rebecca answered:
Hello, I am Croatian citizen looking to buy apartment in Florida. I would get it without loan. what is the?
I have access to a seller of lots of properties in FL. Contact me with what exactly you are looking for, price range, etc, and we can get you what you want. You can email me at blwen ... more
0 votes Share Flag Mon May 11, 2009 Foreclosure in Detroit
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