Foreclosure in 55421 : Advice

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Mark Claesse…, Real Estate Pro in Coon Rapids, MN
Mark Claessens, e-Pro, NHSS answered:
My house didn't sell at the Sheriffs Sale, I've heard nothing from anyone and I'm wondering "What now"?
As an expert on this, Patrick, I am confused and this doesn't make sense. If there was a sheriff sale, and it really took place, your senior lien holder would now have a sheriff's cert ... more
0 votes Share Flag Fri Feb 13, 2015 Foreclosure in Minneapolis
Christopher…, Real Estate Pro in 10591
Christopher Pagli - ABR, GREEN answered:
Has everyone heard the good news about short sales?
I heard yesterday and thinks it's about time!

Chris
0 votes Share Flag Thu Nov 28, 2013 Foreclosure in Minneapolis
Joe Houghton, Real Estate Pro in Minneapolis, MN
Joe Houghton answered:
What is the best way to purchase a foreclosure in Minneapolis?
Contact an agent such as myself who understands all of the inter workings of "distressed" properties (REO's Bank owned, Foreclosures and short sales) I list bank owned p ... more
0 votes Share Flag Fri Jun 22, 2012 Foreclosure in Minneapolis
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
Sheriff Sale took place Nov. 28 and we retain the house till May 29, 2012. I would like to accelerate the redemption period. We have both moved out
You are between the Rock and a Hard Place:
They have changed the locks, but insist that you still own it.
You have to have insurance on it, but you don't have access.
You are no ... more
0 votes Share Flag Tue Jan 10, 2012 Foreclosure in Minneapolis
Pamala  Bava,…, Real Estate Pro in Macomb, MI
Pamala Bava, SRES answered:
I hIs there a way to speed up or fore-go a redemption period. We have our house until May 29, 2012, but both moved out and would like this to be over
Not sure about Minn law but I have seen it done in Mich when there was a buyer for the property. All you have to do is ask them. You might have to sign some sort of release.
0 votes Share Flag Sat Jan 14, 2012 Foreclosure in Minneapolis
Joe Houghton, Real Estate Pro in Minneapolis, MN
Joe Houghton answered:
When does Gittleman decide to forclose for unpaid HOA's after they put a LEIN on the unit, when there is NO mortgage on the property?
I'm not sure the answer to your question, but want to be sure you know you have several options if you own the property free and clear. Contact me if you have any other questions.
0 votes Share Flag Mon Mar 26, 2012 Foreclosure in Minneapolis
Walter 'Skip'…, Real Estate Pro in 92870
Walter 'Skip' Kersten answered:
If i do a short sale on my rental property-has a 1st & 2nd mortgage & is underwater - will i be taxed by IRS on deficiency's &
Hi Ruby,
For tax questions it is best to consult a tax professional. For general tax in formation concerning this, google the Mortgage Debt Relief Act. It is fairly easy to understan ... more
0 votes Share Flag Thu Nov 3, 2011 Foreclosure in 55407
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
Well known Arizona law professor/expert thinks if you are way underwater on your home loan peopleshould let go to foreclosure.
I wonder what Religions teach their devotees that they are allowed to do anything to someone if they are in, in their opinion, a "BAD PERSON".
That would mean that if someone ... more
0 votes Share Flag Tue Oct 25, 2011 Foreclosure in 55407
Christine Mc…, Real Estate Pro in Valparaiso, IN
Christine McDaniel answered:
the house am renting is in foreclosure, but we have a contract with the owner he gave us the deposit back. what we can do is any tenant protection?
It may vary from state to state. If the owner is losing the property you live in, you need to look for a new place to rent immediately. I would get something in writing stating that y ... more
0 votes Share Flag Wed Nov 14, 2012 Foreclosure in Minneapolis
Steele V. Pr…, Real Estate Pro in Minneapolis, MN
Steele V. Propp answered:
HOA Will Not Respond for Payoff After Foreclosure Purchase.
This is really a legal question and you should consult a local lawyer who specializes in foreclosures and knows HOA statute. It sounds like both you and the bank have done just about ... more
0 votes Share Flag Thu Jan 13, 2011 Foreclosure in Minneapolis
Dp2, Other/Just Looking in Virginia
Dp2 answered:
I no longer have an escrow account. Should I continue to pay property tax if I stop paying my mortgage?
You really should speak with a tax attorney or CPA on this; meanwhile, if you're thinking about letting the property go anyway, then you might want to consider selling with seller ... more
0 votes Share Flag Sun Oct 5, 2014 Foreclosure in Minneapolis
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
Do I pay my landlord rent even though the house I'm renting is now an REO bank owned home? I think I signed a bogus lease.
If the house was foreclosed on, he no longer owns it. Therefore he is not entitled to collect anymore rent. You should not pay them but should put the rent aside as you will be contacte ... more
0 votes Share Flag Tue Sep 7, 2010 Foreclosure in Minneapolis
CCC, Home Owner in San Diego, CA
CCC answered:
Please let me know about this house
Hi Isma, which one? There is no property on your question/comment.

Thanks.

Benito.
0 votes Share Flag Fri Oct 22, 2010 Foreclosure in Powderhorn Park
Jennifer Hen…, Real Estate Pro in Minneapolis, MN
Jennifer Hennemuth answered:
After the redemption period...there is 90 days that the lenders give the homeowners to vacate the premise if the redemption period is (I believe)
Redemption period is 6 months from date of sheriff sale. If the mortgagor (homeowner) abandons the property the redemption period can be shortened to 5 weeks. If the mortgagor is still ... more
0 votes Share Flag Tue Jun 17, 2014 Foreclosure in Minneapolis
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
Contact the bank directly or not?
Your agent should place an offer banks normally do not work direct with buyer.

Nor are they going to furnish you the documents to submit a sales offer, you agent has all those docu ... more
0 votes Share Flag Tue Jan 12, 2010 Foreclosure in 55427
Keith Manson-…, Real Estate Pro in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
I bought a Duplex back in 2004 that has been giving me a negative cash flow of 2500 monthly for the past 2 years.
From what you indicated it would suggest that a short sale most likely will not be approved because of your other assets, salary and investments. The only hard ship seems to be the red ... more
0 votes Share Flag Sat Jan 9, 2010 Foreclosure in Minneapolis
Stacey Wyatt, Real Estate Pro in Marietta, GA
Stacey Wyatt answered:
How does a short sale or foreclosure impact you financially/legally? 3 years ago, we bought a loft in North Loop/Mpls for $300,000.
Dimkawedding,

Your situation is a common one in today's times and I have heard this question echoed many times recently. Unfortunately, you do not have a "Hardship" a ... more
0 votes Share Flag Thu Dec 17, 2009 Foreclosure in 55401
Craig Ballha…, Real Estate Pro in Boise, ID
Craig Ballhagen answered:
Will my mom's house going into foreclosure affect my credit if we're authorized users on each other's credit cards?
That will not affect your credit card status
0 votes Share Flag Sun Oct 4, 2009 Foreclosure in Minneapolis
Jackie Funk, Real Estate Pro in Minneapolis, MN
Jackie Funk answered:
Does anyone have any new information on The Sexton building in downtown Minneapolis?
You're correct, because of the legal mess and other reasons, some of the current owners are having to sell at huge losses. I have a few clients that looked at this development and have ... more
0 votes Share Flag Tue Sep 29, 2009 Foreclosure in Minneapolis
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