Hang in there Dao. There's a good chance that phonecall was designed to rattle your cage and get a payment rolling. Foreclosures are moving faster right now than the 2 year timeline they have been on, but they still take time, so you have some time to plan. And don't give up on the restructuring, they may come around. Good luck, I wish you the best in resolving this unfortunate situation...... more
The home appears to still be owned by the same person that has owned it since 2002; however, I heard, through a third party, that the bank has taken it back or will be soon. The bank listed in the tax system is Washngton Mutual, but with their collapse a few years ago it may have been transferred to another bank and not not been recorded properly
I would be happy to search court records and send you any information that I can find in regards to current lender or foreclosure status.
Thanks for your question! I would be happy to send you a market analysis of a particular waterfront area in Hollywood/Meggett for 2007 and we can compare the same area for 2006. We can research the last 24 months to see the past trend. I wish I could answer your question with more detail but our market is still transitional. Waterfront communities are feeling the transition as well. There is tremendous opportunity right now! Is there a specific area that you like? Again, thanks for your question.
What's important to keep in mind is that while your local media would like you to think the sky is falling, it's still only a small % of homeowners that are in foreclosure. Real estate, like anything else, is based on supply of demand. Lenders seem to be loosening guidelines, and some economists think that mortgage interest rates will continue to fall even if the fed has no further cuts. Talk to a local Realtor.....has the amount of inventory risen in your market dramatically? Has the average time on the market increased?
I was watching Bloomberg this morning and several of the economist feel that this market is at the bottem and on the road to recover.... more