Foreclosure in Brooklyn : Advice

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Lisa Payne, Real Estate Pro in Bridgewater, NJ
Lisa Payne answered:
how to purchased a bank owned house?
Usually Bank Owned homes after they complete their process go to a Real Estate Company. There should be a sign on the property and if not just call a Realtor and have them look it up. S ... more
0 votes Share Flag Tue Jun 8, 2010 Foreclosure in Brooklyn
Nat Stul, Home Buyer in Flatbush - Ditmas Park...
Nat Stul answered:
What is a broker price opinion (BPO) and what are the advantages or disadvantages to providing this information?
HI David
A BPO isan appraisal ordered by the lender when a property is in default.The bank uses BPO to judge houses value.The BPO has a large impact on the desision of the bank on whet ... more
0 votes Share Flag Mon Oct 15, 2012 Foreclosure in Brooklyn
Nat Stul, Home Buyer in Flatbush - Ditmas Park...
Nat Stul asked:
I am looking for preforclosures in brooklyn area. please contact me 917-701-4781 I am the area's local short sale expert and have a team of peaple that work directly with the homeowner to stop their forclosure.We reduce the debt so you can collect a full commis...
0 votes Share Flag Tue May 25, 2010 Foreclosure in Brooklyn
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
I am looking to purchase in Greenwood or Sunset Park, foreclosure or pre-foreclosure - any idea where to search other than the paid sites?
Your most accurate and free information will come from an agent, therefore consider the services--he/she can answer questions, schedule showing, etc. Keep in mind that internet informat ... more
0 votes Share Flag Tue Sep 11, 2012 Foreclosure in Fort Greene
Mitchell Fel…, Real Estate Pro in 11229
Mitchell Feldman answered:
looking to buy 2-bedrooms condo Brighton Beach Brooklyn Oceana /450,000.-500,000/ thank you,Lana Bekker.
Dear Lana:

I would be more than happy to help you. When are you available to look? Please contact me and we can discuss it further.

Sincerely,
Mitchell Feldman
Associate Broker
... more
0 votes Share Flag Sat Apr 10, 2010 Foreclosure in Brighton Beach
Bawabeh, Home Buyer in Brooklyn, NY
Bawabeh answered:
Looking to buy an REO home in brooklyn for about 200K ALL CASH?
yes i am ready to buy reo homes in brooklyn all cash
0 votes Share Flag Sun Mar 21, 2010 Foreclosure in Brooklyn
Manu Kapoor, Real Estate Pro in Queens, NY
Manu Kapoor answered:
Anyone know of an experienced REO or BPO agent in Brooklyn?
We are short sale guys. Brooklyn, Queens, Bronx, NY
www.goforshortsale.com
0 votes Share Flag Tue Oct 2, 2012 Foreclosure in Brooklyn
Shai Megiddo, Real Estate Pro in 11421
Shai Megiddo answered:
My husband and I are looking to buy or rent a home in Brooklyn or Queens. right now we pay 1,550.00 per month. My credit is great but his is decent
Hi Sannie,
In order to give you a complete answer I would need more details.
If looking to buy - how much do you have for down payment?
If looking to rent- do you want to stay wit ... more
0 votes Share Flag Mon Feb 15, 2010 Foreclosure in Brooklyn
Ines De La C…, Real Estate Pro in 08053
Ines De La Cruz, ABR, CRS answered:
What is the difference between a conventional loan and an FHA 203k Rehab loan and a construction loan?
Hi Leo,
Conventional loan requires 10% down for primary residence, 20% down for investment property. FHA 203K rehab is a little higher interest rate than the typical FHA loan being 3. ... more
0 votes Share Flag Sun Jun 9, 2013 Foreclosure in Brooklyn
Sean Dawes, Other/Just Looking in Philadelphia, PA
Sean Dawes answered:
Why can't the bank "find" the property's documents?
Are they marketing it for sale at the time? Or do you just know if it is bank owned and want to buy?

You could have a real estate attorney represent you and deal with the bank direct ... more
0 votes Share Flag Sun Dec 6, 2009 Foreclosure in 11234
Priscilla To…, Real Estate Pro in Bend, OR
Priscilla Tofte answered:
Should I invest in foreclosed homes?
It can be a great way to pick up homes for under market value. Often times though, the homes are in need of repair. If you don't mind fixer's this could be for you.
0 votes Share Flag Sat Dec 5, 2009 Foreclosure in Brooklyn
Reese Harvill, Real Estate Pro in Vancouver, WA
Reese Harvill answered:
I need to find an agent that deals with foreclosures, and distressed properties in sunset park, brooklyn, any recomendations?
You want someone who is good with paperwork and experienced with foreclosures. A pre-forclosure may have the lowerst price, but is that price real ? Concentrate on the bank owned & ... more
0 votes Share Flag Thu Oct 22, 2009 Foreclosure in Brooklyn
Mitchell Fel…, Real Estate Pro in 11229
Mitchell Feldman answered:
Are there Realtors, that deal w/ foreclosures/distressed homes/reo's, in park slope, gowanus, sunset park, bay ridge, dyker heights, and?
Dear Elliot:

The answer to your question is yes. You can find most of those brokers and listings on the Brooklyn New York Multiple Listing Service at http://www.BNYMLS.com

If I ... more
0 votes Share Flag Thu Oct 22, 2009 Foreclosure in Brooklyn
Mitchell Fel…, Real Estate Pro in 11229
Mitchell Feldman answered:
I have a multi-family home worth 850K in partnership with my sister. She was handling paying the mortgage
Dear Guppy:

You and your sister have to both agree to sell the house because since you both own it. You both will have to sign the contract of sale. It really doesn't matter who ... more
0 votes Share Flag Sun Aug 23, 2009 Foreclosure in Brooklyn
Crystal Cana…, Real Estate Pro in 30005
Crystal Canaday answered:
I rented the first floor of a 2 family home 6 months ago. My landlord has just told me that he is declaring
Hi Tegan,

First, you need to determine how much you can qualify for on a mortgage. You will need to have at least 3.5% of the sales price for a down payment, plus the prepaids (1st ... more
0 votes Share Flag Fri Jul 3, 2009 Foreclosure in 11209
Saar Elazar, Real Estate Pro in Brooklyn, NY
Saar Elazar answered:
Are there Real estate Agents that deal with this /how do I find them for *Brooklyn NY 11221, Harlem NY 10031?
Hi there

I deal in this area and can help here
0 votes Share Flag Sat Feb 4, 2012 Foreclosure in 11221
Voices Member,  in
Voices Member answered:
Can someone provide more information about the loan modication program for people in the housing crisis? My
Nancy, I don't know if you looked at these but maybe you'll see something that helps... http://www.fdic.gov/consumers/loans/prevention/rescue/beware.html
http://www.hud.gov/offices/hsg ... more
0 votes Share Flag Wed May 20, 2009 Foreclosure in Brooklyn
Everett Perry, Real Estate Pro in Fresh Meadows, Queens,...
Everett Perry answered:
I'm an agent getting into the foreclosure market in NYC/Brooklyn. Where do I begin?
VERY tough to break into, it seems to me like there are a few heavy hitters when it comes to foreclsores in NYC / Long Island. Utopia and Island Advantage appear to be the largest.

... more
0 votes Share Flag Tue Jan 19, 2010 Foreclosure in 11234
Dana Schuster, Real Estate Pro in 70458
Dana Schuster answered:
i am renting an apartment but the house is in forecloser is there a way for me to buy ?
I suggest you contact a local agent to help you with this. The house will not be available for sale until foreclosure is complete. Trulia "Find a Pro" is a good place to look for an ag ... more
0 votes Share Flag Sun Apr 26, 2009 Foreclosure in Brooklyn
Elaine Cooper, Real Estate Pro in Brooklyn, NY
Elaine Cooper answered:
are thee any houses for 299,000 in east flatbush ?
Hello Rachel,

According to the Brooklyn MLS, there are 145 one to three family homes available for sale in East Flatbush. Three of them are listed for $299,000 or less. If you woul ... more
0 votes Share Flag Fri Apr 10, 2009 Foreclosure in East Flatbush
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