Foreclosure in Washington : Advice

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Dan Tabit, Real Estate Pro in 98074
Dan Tabit answered:
I have identified a few properties currently in the Foreclosure Process with PNC bank. Anyone know how to reach them if I have a buyer?
Phill,
Find out who their asset manager is and see what you can find out. Most of the time they will not sell without a completed foreclosure process and listing with one of their app ... more
1 vote Share Flag Sat Dec 20, 2014 Foreclosure in Washington
Lanre Folayan, Real Estate Pro in District of Columbia
Lanre Folayan answered:
Q.-Is this property available?
Hello Valerie. I didnt find the link. But if you are looking for DC foreclosures,please click on this link http://www.freelistofhomesforsale.com/listing?address=910-M-ST-NW-119-Washingt ... more
0 votes Share Flag Sat Feb 15, 2014 Foreclosure in Southwest / Waterfront
Pierrescott23, Other/Just Looking in 20020
Pierrescott23 asked:
Any agents need reo's cleaned up?
0 votes Share Flag Tue Nov 19, 2013 Foreclosure in Washington
Akil Walker, Real Estate Pro in Bowie, MD
Akil Walker answered:
How do I get information about this property?
Hi Kendra,

you contact a local realtor or visit the site below if you are searching for housing information.
0 votes Share Flag Tue Nov 12, 2013 Foreclosure in Port Lincoln
Raman Mehra, Real Estate Pro in Washington, DC
Raman Mehra answered:
Should I buy a short sale or foreclosed home? What are the advantages or disadvantages?
Sarah,
I see many agents have explained to you what a Shortsale and a foreclosure is. The answers are all right but nobody should advice if you should or should not buy a Sh ... more
0 votes Share Flag Mon Nov 11, 2013 Foreclosure in 20002
Brent Mendel…, Real Estate Pro in Bethesda, MD
Brent Mendelson answered:
hi, can i still get aproved if my credit is 620
Yes you can with a score that low but we need to know why it's low and if there is anything that can be done to improve the score. If you were late in the last 12 months on payments tha ... more
0 votes Share Flag Tue May 28, 2013 Foreclosure in Deanwood
Suzanne MacD…, Real Estate Pro in 07856
Suzanne MacDowell answered:
My house has a sale date of May 10 2013 if it becomes REO what is the typical time frame nowadays I will have to move out?
I am assuming you are the owner of this home. I would strongly, strongly suggest you talk to a local realtor who is experienced in short sales. I don't know anything about Washington ... more
0 votes Share Flag Thu Apr 11, 2013 Foreclosure in Washington
Ericka S. Bl…, Real Estate Pro in District of Columbia
Ericka S. Black answered:
Q.-M St.E404...Is this property available from: Reo/Bank.?
Hey Valerie,

Let me know if you are interested in these places. Go to this link http://mrislistings.mris.com/DE.asp?k=3041248b01b&p=DE-170149949-664

If not, it's ok. Just send me ... more
0 votes Share Flag Tue Jun 12, 2012 Foreclosure in Southwest / Waterfront
Elena Wyman, Real Estate Pro in San Mateo County, CA
Elena Wyman answered:
What will make your bid for a forclosure more desirable to a bank?
Cash offer is the best, of course.

If no cash is available, then:

large down payment
strong prequalification letter
short inspections period

Hope that helps. :)
0 votes Share Flag Fri Feb 17, 2012 Foreclosure in Washington
Erica, Real Estate Pro in San Jose, CA
Erica answered:
I Am Seeing Houses With Very Low Listing Prices__$10,000___are They The True Prices Of These houses
I'm not seeing this answer, I apologize if it's redundant -- sometimes there are listings of the "amount in default" on a home. Let's say someone owes $10,000 a ... more
0 votes Share Flag Thu Jun 30, 2011 Foreclosure in 20002
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
Recently read about foreclosed row home/condo purchases in the District under $100,000. What is the process for purchasing and where do I start?
Start with a Realtor who knows D.C. There are such properties. The rowhouses typically need a fair amount of rehab. But I've known plenty of people (investors and others) who' ... more
0 votes Share Flag Thu Jun 2, 2011 Foreclosure in Washington
James Firkser, Real Estate Pro in Washington, DC
James Firkser answered:
does anyone give mort help to investors? I rent out a condo and need mort help but was told that only owner occ props qualify..Any suggestions?
I have a client in the same situation but so far, and it's been 6 months, B of A has not made a modification but has moved forward on foreclosure on this home while another departm ... more
0 votes Share Flag Fri Apr 8, 2011 Foreclosure in Washington
Robert Leary, Real Estate Pro in Washington, DC
Robert Leary answered:
Got a real estate question? Get answers from locals, experts and real estate pros.
Are you looking to purchase a foreclosure property in Columbia Heights? Unfortunately if that is the case you can't get one even if you have the best credit on earth unless you are ... more
0 votes Share Flag Fri Feb 18, 2011 Foreclosure in Columbia Heights
Zaza Pasori, Real Estate Pro in Washington, DC
Zaza Pasori answered:
If I am three months behind in payments, but have been making partial payments, will a bank likely start foreclosure and stop loan modification?
We are seeing examples of this situation more often now days. Once you get foreclosed on, then you may not be able to secure a rental to move into although you prove your employment bu ... more
0 votes Share Flag Thu Jan 13, 2011 Foreclosure in Washington
Kthomas, Home Buyer in 20002
Kthomas asked:
I am looking at a vacant lot (teardown) in Hinsdale, IL. What is the average sale price vs. list for a lot? (In other words, what is a realistic offer as a % of the asking price?) The house is already removed, but there is a large tree in the center of the property that would need to be removed as well.
0 votes Share Flag Sun Jul 25, 2010 Foreclosure in 20002
The Isaacs T…, Real Estate Pro in District of Columbia
The Isaacs Team answered:
Good evening, I saw this house online and I like the location and the style. How can I get more information and view the home?
There's a really big advantage in working with a buyer's agent; you get a better deal and smoother transaction without doing all the work! There are also elements to a proper ... more
0 votes Share Flag Mon Jul 19, 2010 Foreclosure in Bloomingdale
Chase Harris, Home Buyer in Sacramento, CA
Chase Harris answered:
I have a contract on a home in Roseville Ca. The listing price on this REO was 229k, I offered 243k. The appraisal came in at 230k due to many homes
The seller (bank) just agreed to match the appraised value of 230k and move on! Thank you for all your comments and help guys!
0 votes Share Flag Tue Jul 6, 2010 Foreclosure in Washington
Gerard Dunn, Real Estate Pro in Potomac, MD
Gerard Dunn answered:
Looking for a small Washington, DC property near the Cathedral that is on both foreclosure and Veteran's Benefit eligibilty lists.
Shoot me an e-mail and I can forward you a list of properties that may suit your needs. The area around the Cathedral is fabulous and convenient.

E-mail me at gerry@mypotomac.com an ... more
0 votes Share Flag Tue Apr 20, 2010 Foreclosure in Cathedral Heights
Jason Skipwo…, Real Estate Pro in Washington, DC
Jason Skipworth answered:
Gerald--houses are in Mpls, Minnesota. I am moving there in June. I am looking for Rental Properties. The houses are not in great areas but
Hi Alex,

Are you familiar with Minneapolis? I think it would benefit you to have Realtor working for you and scouting properties for you. Would you like me to put you in touch with ... more
0 votes Share Flag Wed Feb 10, 2010 Foreclosure in 20002
Mark Meyerdi…, Real Estate Pro in Washington, DC
Mark Meyerdirk answered:
I live at 615c Florida ave in NW DC the gouse has been sold (forclosed)
Ron,
The new owner will likely have a representative approach you in the near future to negotiate a Cash for Keys Agreement. You have many rights as a tenant in DC. The bank knows th ... more
0 votes Share Flag Sat Sep 26, 2009 Foreclosure in 20001
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