Sol, That depends on if the home is even for sale. Trulia and other real estate websites, not directly connected to brokerages like RE/MAX for listings, may not be giving you accurate information as to it's sale status.
As for buying foreclosures, you can get some deals out there. The bank is in control and has a bottom number. I do not see this listed in our local MLS so the bank either has not listed it yet or it has been sold already. Without an exact address I am unable to find it.
Closings can take anywhere from 30-60 days for cash deals, and depending in the bank and situation even longer.
If you are looking to put in some sweat equity and have cash around for a real estate investment then I say go do it. There is a really good return in property if you know what you are doing. If you would like to talk this over, I have some time today. I can best be reached at (585) 236-7780 or email me at BradNewton@Remax.net
Certified Buyer Representative
That could be a problem. At this point the property sounds like it is not a REOYour only solution is to have the owner agree or wait for the forclosure to happen and when it becomes a REO purchase the property.
If the owner has decided to go the bankruptcy route and has abandoned the property they need to understand that any work orders or fines on the property will fall on them until the deed transfers. I have been down that road with sellers before and in one case when we got to the point of doing a short sale the owners had over 1000.00 in misdemeanor fines plus assesments levied on the property.... more
Are you working with a Realtor? Does the seller have an attorney experienced in short sales? Have you done the comps to see what other properties are selling for? When those are done is the home and area you see yourself in? Then you can decide with the finances available to you what the appropiate offer would be.
Rollin I would be happy to help you find what you're looking for. I have a great deal of experience and success in matching people with the type of home they are looking for. Isn't technology a wonderful thing? When combined with professional know how it's even better!... more
Best to confer with a real estate attorney, and lender can MIGHT OR COULD STOP the foreclosure if you make attempts to try to resolve payments issues that could be reasonable for you. However if not ....yes once the home goes to auction your days are numbered to move, if not the bank will have to file eviction papers on you.
Sorry to hear about your circumstance.... more