How much the Homeowners owes does not matter to the Bank at Foreclosure:
The Bank is taking the house because the Mortgage has not been paid.
The Homeowner will lose the house and the equity they have built.
If there is any "left over" money, the bank will get it.
The homeowner should have either paid the monthly vig, or sold the place , while they could.
The last chance will be the "remission period" that some states give homeowners.
Someone could always out-bid the Bank.... more
This house has been on the market for 38 days! I hope this information helps! If you are not working with a buyers agent and would like to see this please let me know. I would be happy to show it to you! Thanks! Melinda Robison - City2Shore Real Estate 616-648-0151... more
Karl a hard money lender could charge 12-18% interest and the loan is only short term. It could be as little as a year you would have to refinace. A hard money lender is good for a short term loan with a definate plan to get out of it by selling or refinancing, if you can not get a mortgage now, the chances in a year are just as slim. They also require a large amount of money down usually 20 to 30%. You could be out your money and face huge fees and teh loss of your building in a year. You should research the companie sthat do church financing or are there any neighborhood stabilization programs in your area. Explore everything first. good luck with working things out... more
Good Morning Terri,
I have yet to find a reliable free foreclosure website. Your best bet is to hire a Realtor, we have access to the MLS which is the best and most accurate method of finding properties that are actively for sale.
As to your other question regarding the property in Charlotte, where did you find it?
Feel free to contact me directly LeighH@cb-hb.com
Leigh Zynda Henrys
Coldwell Banker Hubbell BriarWood... more
Are you asking for foreclosure listings in Lansing? Can you be a bit clearer with your question so someone can answer your question properly?