Foreclosure in Canton : Advice

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Haig Istambo…, Real Estate Pro in Michigan
Haig Istamboulian answered:
Is a short sale still possible after a Sherriff auction?

The answer to that is YES you can still short sell your home. I am guessing you are dealing with a Realtor? Have your Realtor send the offer and any necessary documentation, t ... more
0 votes Share Flag Sun Apr 13, 2014 Foreclosure in Canton
Jon Ruud, Real Estate Pro in Canton, MI
Jon Ruud answered:
Can the ower of an house evite me if a property has been forclosed?
a COUPLE OF DIFFERENT SCENARIOS in your question. Whoever bought the home at foreclosure must honer your existing lease. The former owner that lost the property can evict you during the ... more
0 votes Share Flag Wed Apr 10, 2013 Foreclosure in 48187
Stephen Webb…, Real Estate Pro in Seattle, WA
Stephen Webber answered:
We are buyers, awaiting short sale approval. We just found out house is scheduled for sheriff sale auction. Can they auction out from under us???
Yes they can. You will find a very good article on short sales at Scroll down the colum on the left. Very informative. Stephen Webber
0 votes Share Flag Tue Feb 5, 2013 Foreclosure in Canton
Jeanette Lucy, Real Estate Pro in Brownstown, MI
Jeanette Lucy answered:
Is this home still available and on the market, I would like to make a bid on the home?
This home is currently available. Information provided states that the septic system has failed and the property needs a new boiler. I wil be glad to help you place an offer, or send yo ... more
0 votes Share Flag Fri Mar 15, 2013 Foreclosure in Canton
Andy Hargrea…, Real Estate Pro in Plymouth, MI
Andy Hargreaves answered:
When can we buy a house after foreclosure.?
Generally speaking, it will be 3 years from the Sheriff sale date. That was the actual "sale" of the property, not the end of redemption period.

I list and deal with this situation ... more
0 votes Share Flag Sat Apr 5, 2014 Foreclosure in 48187
Wov, Other/Just Looking in Canton, MI
Wov asked:
how can I find out who the attorney is on a sherrif deed? I am divorced and have a lien on the property, I just saw it listed as a sherrif deed 12/9/2009. I was not contacted, I need to contact the attorney to tell him of my financial interes...
0 votes Share Flag Fri Mar 19, 2010 Foreclosure in Canton
Grace Morioka…, Real Estate Pro in Sunnyvale, CA
Grace Morioka (408-426-1616) answered:
For a foreclosure house, bank is asking for a full mortgage commitment via “stip” letter by a directendorsed lender. What is this mean...
Hello Netman and thanks for your post.

I'll have to leave much of this question to someone within the mortgage brokerage industry to provide you with the details, but a STIP let ... more
0 votes Share Flag Sun Nov 8, 2009 Foreclosure in Canton
Andy Hargrea…, Real Estate Pro in Plymouth, MI
Andy Hargreaves answered:
Hi, what happen if I foreclose the second home? what is the tax consequences?
Pete --

Rather than foreclose and experience the long term credit loss, I'd advise you consider a short sale. The differences between the two are vast, but trust me -- you'll be muc ... more
0 votes Share Flag Tue Mar 31, 2009 Foreclosure in Canton
Gary Smith, Real Estate Pro in Michigan
Gary Smith answered:
Buying our first house! Cherry Hill Village?
Tyson, Because of the liability, I cannot give you my opinion of the neighborhood. You are correct to investigate any area of interest. Yes, the market in Michigan is "volitile" right n ... more
0 votes Share Flag Fri Jan 2, 2009 Foreclosure in Canton, MI
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