Foreclosure in 22306 : Advice

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Kareem. O. F…, Real Estate Pro in Alexandria, VA
Kareem. O. Fleming answered:
What happens to the income from a commercial property while it is in foreclosure?
If the property is foreclosed on, then the owner technically does not own the property anymore therefore would not be entitled to collect the income produced by the property. If the pro ... more
0 votes Share Flag Wed Dec 18, 2013 Foreclosure in 22307
Sameer Punja…, Real Estate Pro in Fairfield, CA
Sameer Punjani answered:
If a bank counter offer at one price, and i offer the asking price, can the bank come back and ask for more money?
If you agree to what the banks counter is, and everyone signs a contract, then thats the price. They can't go back and change the price on you once you have a signed agreement.
0 votes Share Flag Mon Sep 5, 2011 Foreclosure in 22307
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
In order to best protect yourself and any other assets you may have, do consult with an attorney who specializes in real estate before considering any such scenario...if you cannot affo ... more
0 votes Share Flag Thu Jan 6, 2011 Foreclosure in Alexandria
Joanna Morris, Real Estate Pro in 34450
Joanna Morris answered:
are banks allowed to profit off of the sale of foreclosed property?
If they foreclosed in this market, there is most likely no profit.
0 votes Share Flag Sat Sep 14, 2013 Foreclosure in 22307
Delaine Camp…, Real Estate Pro in Old Town, Alexandria,...
Delaine Campbell answered:
How do you find and display properties that are not listed for sale?
You are probably only searching ACTIVE. Many properties that come on here are Under Contract, or withdrawn etc. This doesn't update instantaneously.
0 votes Share Flag Tue Jan 19, 2010 Foreclosure in Alexandria
Andy Krumholz…, Real Estate Pro in Reston, VA
Andy Krumholz, GRI, CDPE answered:
I am interested in bidding for your foreclosed property address:7022 Achilles CT, Alexandria, VA 22315
I can help you write the contract tomorrow. Call or email me if you would like my assistance.
0 votes Share Flag Mon Aug 24, 2009 Foreclosure in 22315
The Mulhern…, Real Estate Pro in Fairfax County, VA
The Mulhern Home Team answered:
If a home is listed at a specific price on a short sale, can that price be changed?
Yes - and usually it happens 30 days into the process once the bank runs a BPO.

The problem with most short sales is that the listing agent prices them too low and the banks simply w ... more
0 votes Share Flag Wed Jul 29, 2009 Foreclosure in 22311
Cindi Hagley…, Real Estate Pro in San Ramon, CA
Cindi Hagley As Seen on TV answered:
After the auction who should get the Rent ?
I would wait until a rep from the lender contacts you. There is no reason to pay rent to the former owner....and the lender may offer you cash for keys to vacate. Let THEM come to you!
0 votes Share Flag Tue Jun 16, 2009 Foreclosure in Alexandria West
Mary Margaret…, Real Estate Pro in Fairfax County, VA
Mary Margaret Gates answered:
Can a bank list a foreclosure for a price higher then they foreclosed on?
Hello Kathy,

When a bank forecloses on a property it has several expenses to pay to ensure a clear and marketable title, and to pay attorney fees, the salaries of those processing t ... more
0 votes Share Flag Tue Mar 10, 2009 Foreclosure in 22307
Luisa Rodrig…, Real Estate Pro in Virginia
Luisa Rodriguez answered:
Buying a foreclosure in Alexandria
Right now we are the low end of the market and it is anybody's guess when the real estate market will recover. There are two many competing variables (i.e. job loss, credit crunch, etc ... more
0 votes Share Flag Fri Nov 28, 2008 Foreclosure in Alexandria
AJ Heidmann, Real Estate Pro in Arlington, VA
AJ Heidmann answered:
5733 Cassel Glen Ct Alexandria, VA 22310 The Fairfax County Assessors Office has this as bank owned since
Maria, as of yet, the bank has not listed this on the MLS for whatever reason. Trying to determine who to submit an offer to at this point would be a nightmare in my opinion. If you l ... more
0 votes Share Flag Sun Jun 22, 2008 Foreclosure in 22310
Mary Ann Maz…, Real Estate Pro in Myrtle Beach, SC
Mary Ann Mazzarella answered:
On bank owned properties in Foreclosures, are the prices listed the only price the bank will accept?
No, you can make offers but keep in mind others might also be making offers. In addition, sometimes it takes weeks until they tell you if they have accepted your offer. Usually the sell ... more
0 votes Share Flag Sun Feb 22, 2009 Foreclosure in 22315
Joey Remondi…, Real Estate Pro in 22180
Joey Remondino answered:
What is the difference between foreclosure, short sale and bank owned?
Short sale= An owner who is selling a home and will net less then what is owed on the property and the bank/lender will take the loss.

Foreclosure= The process by which a bank or len ... more
0 votes Share Flag Wed Jul 8, 2009 Foreclosure in 22311
Danilo Bogda…, Real Estate Pro in Reston, VA
Danilo Bogdanovic answered:
where can I find a list of government tax foreclosure on houses in virginia?
Do you mean auctions or properties bank-owned properties for sale?
0 votes Share Flag Sat Jan 5, 2008 Foreclosure in Alexandria, VA
Richard Rose…, Real Estate Pro in Alexandria, Arlington,...
Richard Rosensteel answered:
foreclosure purchase in Alexandria, VA
Buying foreclosures has some risks that are manageable if understood buy the buyer. Mostly the risks are associated with the mechanics of the transaction and not the condition of ... more
0 votes Share Flag Sat Dec 29, 2007 Foreclosure in Alexandria, VA
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