What Happens If I Walk Away From My Mortgage All Locations : Advice

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James P. Ryan…, Real Estate Pro in Washington, DC
James P. Ryan, Jr answered:
Buying a Foreclosure and Bank sales contract!
This question is best directed to your attorney. Since it is a contract question, and most of us on here are not attorney's, we are not allowed to give legal advice.
Best wishes for a ... more
0 votes Share Flag Mon May 14, 2012 Home Buying in 20155
Michael Hamm…, Real Estate Pro in 30078
Michael Hammond answered:
What is the difference between rent-to-own and lease purchase?
The terms are synonymous for real property, Erica. Good Luck!

Michael Hammond

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMON ... more
0 votes Share Flag Sat May 19, 2012 Home Buying in Atlanta
Morgan Hill,…, Real Estate Pro in Sandy Springs, GA
Morgan Hill, Owner Financing Specialist answered:
What exactly is a lease purchase option? Can you provide some resources?
Lease purchase's are a complete and utter waste of money, from the buyers perspective.. As a seller, I highly recommend them.
0 votes Share Flag Sat May 19, 2012 Home Buying in Atlanta
Shaukatali K…, Real Estate Pro in Katy, TX
Shaukatali Kadibhai answered:
what are the pros and cons for rent to own?
Some states do not like this and is not legal.
Why because the original owner can file bankruptcy and you are stuck.
0 votes Share Flag Mon Aug 27, 2012 Rentals in Raleigh
Linda Jokben…, Real Estate Pro in Orlando, FL
Linda Jokbengboon answered:
Question about the compensation (commission) to buyer's agent
You will find that a majority of brokerages will charge a broker's fee or transaction fee, charged by the agent's office. This usually is not additional commission. It goes towards the ... more
0 votes Share Flag Tue May 8, 2012 Home Buying in Orlando
Patrick Fiel…, Real Estate Pro in Dallas, TX
Patrick Fields answered:
Thoughts on KB homes? I've read bad reviews, mostly from other states, but fell in love with a model hom ...
I recommend you approach the decision much the same as you would a marriage proposal from a boyfriend that all your friends and girlfriends have bad things to say about....in other word ... more
0 votes Share Flag Sat Oct 25, 2014 Home Buying in Houston
Paul May, Real Estate Pro in Las Vegas, NV
Paul May answered:
if i pay the back taxes and sewer lien on a house does that give me any right to the property?
It is a lot more complicated than that-

1- There is probably a mortgage on the home and in order for the home to be sold- the best course of action is if the sellers would agree to ... more
0 votes Share Flag Fri Apr 20, 2012 General Area in 89145
VM, Other/Just Looking in 80003
VM answered:
Short sales: what are the rights of the buyer in Oregon?
Short sales are subject to 3rd party approval, because of this, as a buyer you are "at the mercy" of the seller. Short sales tend to be long drawn out affairs because first the seller ... more
0 votes Share Flag Tue Apr 17, 2012 Home Buying in Oregon
Michele Good…, Real Estate Pro in Boston, MA
Michele Goodwin answered:
Should we use the seller's realtor as our buyer's agent?
The sellers’ agent is representing the sellers and has a fiduciary responsibility to them. There is more than likely an agreement in place between the sellers and their agent th ... more
0 votes Share Flag Tue Aug 26, 2014 Home Buying in Boston
Vivian Leigh…, Real Estate Pro in Plano, TX
Vivian Leigh Ashton answered:
I have noticed that some homes are marked pending for weeks and then weeks later, they are re-listed as ...
Most likely something happened from the contact negotiation, financing approval if financed to the closing at the Title Company. The listing would then appear as available on this site. ... more
0 votes Share Flag Thu Apr 19, 2012 Home Selling in San Jose
Matt Carroll, Real Estate Pro in Columbia, SC
Matt Carroll answered:
Single professional woman, 30s. Rent vs buy? City/upscale living, access to rest ... /shopping/gym or running. What neighborhoods might fit? ...
These questions are really better answered in person or over the phone. This is a long answer and I would need more info from you to answer it properly for you. If you would like, you c ... more
0 votes Share Flag Sun May 5, 2013 Rent vs Buy in Columbia
Jenet Levy, Real Estate Pro in East Village, New York...
Jenet Levy answered:
Will appraisal appeal be successful?
Hi, Tapesandtapes.
I can understand your frustration. I had a recent sale of mine undermined by an incompetent appraiser. In that case it was an appraiser from the suburbs and he use ... more
0 votes Share Flag Fri Jun 1, 2012 Home Buying in New York
George Capel…, Real Estate Pro in Brooklyn, NY
George Capella answered:
How does rent to buy work?
The rent to buy option is becoming more popular right now because of credit scores. If you can qualify now and are able to have enough to close, then that would be the best approch. If ... more
0 votes Share Flag Thu Jul 12, 2012 Home Buying in Brooklyn
Rey Hollings…, Real Estate Pro in White Plains, NY
Rey Hollingsworth Falu answered:
What are the options do we have after losing in a highest and best bidding process?
The listing agent is not required to disclose the details of the winning bid. You may be a backup offer, but be sure to ask your agent to follow up on the house. Best thing to do is to ... more
0 votes Share Flag Wed Mar 28, 2012 Home Buying in 10708
Mike Sullivan, Real Estate Pro in Alachua, FL
Mike Sullivan answered:
We are way upside down and cannot meet the payments. We have elected to walk from the property. No mortgage ...
I infer from your question that you have not been served with a lis pendiens (intent to foreclose from the bank). If you have not already done so, give your bank a call.....they may co ... more
0 votes Share Flag Mon Mar 12, 2012 Foreclosure in 95959
Alex Vargas, Real Estate Pro in Lake Forest, CA
Alex Vargas answered:
Can you comment on choosing credit union for mortgage lender rather than a large bank?
Morning Chul Lee,

I too belong to a Credit Union and I do enjoy the personal service I receive.
Regarding the mortgage side, Credit Unions do have some niche products & programs ... more
0 votes Share Flag Mon Sep 23, 2013 Financing in Huntington Beach
Michael Emery, Real Estate Pro in Minneapolis, MN
Michael Emery answered:
If buyer brokers still make their commission off of the purchase price how will I know they'll have my b ...
Well I must be the worst agent in the world. I advise my clients to spend less than what they're qualified by their lender. My advice is always spend as much as you are comfortable ... more
0 votes Share Flag Wed Apr 18, 2012 Home Buying in New Haven
Pat Chadwell, Real Estate Pro in San Jose, CA
Pat Chadwell answered:
Sellers not ready to move but our agent is telling us to sign the contract (Buying Short Sale in San Jose)
I suggest you talk to your agent. It sounds like you are in contract already and maybe going to sign off? The contract states the terms of the contract. It would have stated when the ... more
0 votes Share Flag Tue Mar 6, 2012 Home Buying in San Jose
Firefighter70, Home Buyer in Saint Clair County, MI
Firefighter70 answered:
How cheap can you get a house that has black mold?
The ceiling in the basement looks good. The floor joist dont show any signs of mold from what I seen. Obiviously I would have to have it professionally cleaned and the dryway taken out. ... more
0 votes Share Flag Thu Feb 5, 2015 Foreclosure in 48002
Terri Russo, Real Estate Pro in San Antonio, TX
Terri Russo answered:
What's the typical process when buying a short sale?
Be patient.

Research your property carefully, consult a Short Sale Specialist. Make sure the Listing agent can explain EVERYHTING about this Harship and where the owner/property a ... more
0 votes Share Flag Mon Mar 5, 2012 Home Buying in San Antonio
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