Foreclosure in Orlando : Advice

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Linda Jokben…, Real Estate Pro in Orlando, FL
Linda Jokbengboon answered:
what is the zip code for conway lake close to hofthner and conway rd?
The zip code you are looking for is 32812. Would love to help you with your sale.

Sincerely,

Linda Jokbengboon
REALTOR®, SFR
RE/MAX Town Centre
330 E Central Blvd, Orlando, ... more
0 votes Share Flag Tue Feb 22, 2011 Foreclosure in Orlando
Debbie Irons, Real Estate Pro in Orlando, FL
Debbie Irons answered:
Hello I lookng to move my family to the Orland area but I know nothing about the area. Is Kissimmee, Apopka and Clearmont a good area to raise kids?
All of these areas have some excellent options and it would be very beneficial if you spoke to an agent that is very familiar with Central Florida to determine what type of neighborhood ... more
0 votes Share Flag Wed Feb 9, 2011 Foreclosure in Orlando
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
Got a real estate question? Get answers from locals, experts and real estate pros.
Perhaps your question was cut off, is there a question....
0 votes Share Flag Fri Apr 6, 2012 Foreclosure in Meadow Woods
Carl Head, Real Estate Pro in Maitland, FL
Carl Head answered:
looking for cheap 3 to 4 bedroom house to buy in orlando and other parts of florida
Hi Robert, If you're not already working with an agent, I'll be glad to help you.
We all have access tot he same inventory of homes for sale.
Please let me know. Thanks,

... more
0 votes Share Flag Thu Sep 5, 2013 Foreclosure in Azalea Park
Tom Sommers/…, Real Estate Pro in Lakeville, MN
Tom Sommers/Edina Realty answered:
As the disressed market continues, are homeowners becoming jaded to Forecloure?
Mike,

I am in the Minneapolis market and I a not seeing that. I do see fear because many people don't understand the process. We have seen an increase in short sale listings a ... more
0 votes Share Flag Sat Jan 8, 2011 Foreclosure in Orlando
Bill Eckler, Real Estate Pro in Venice, FL
Bill Eckler answered:
My bank would not accept my short sale buyer and my home has been put into foreclousre, i am a uk resident can the US bank take my UK assets?
Bobbie,

It's likely that the best source of information for you will be through an attorney. We strongly recommend contacting one for their input.

Good luck,

Bill
0 votes Share Flag Thu Dec 30, 2010 Foreclosure in Orlando
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
1st loan is current. i filed BK 7. 2nd was paid off though MI that bank aquired on their own. is 2nd unsecured now? and can MI company foreclose?
In order to best protect yourself, consider consulting with your attorney, and or an attorney who specializes in real estate--he/she can best advise as it relates to your specific situa ... more
0 votes Share Flag Wed Dec 15, 2010 Foreclosure in Orlando
Paulette Korr, Real Estate Pro in Orlando, FL
Paulette Korr answered:
Wanted to invest in a turn key prop for rental&recreation.I am a Canadian resident and will visit Florida only once a year for a week or 2.
Ayen:

There are many ways to do what you wish to do. The key is to hire a good property management company to help with either a single family house, townhouse or condo. What did y ... more
0 votes Share Flag Wed Dec 15, 2010 Foreclosure in Orlando
Rodney Forbes, Real Estate Pro in West Palm Beach, FL
Rodney Forbes answered:
SHORT SALE: What happens when the mortgagor and the 2nd lien holder's investor can't agree to terms of the short sale?
Mike,

Depending on the amount you're talking about, you can use one or a combination of these sources:

-1st mostgage holder
-substitute a note for contribution
-buyer
-one ... more
0 votes Share Flag Tue Nov 30, 2010 Foreclosure in 32828
Gerard Dunn, Real Estate Pro in Chevy Chase, MD
Gerard Dunn answered:
where can I get the form saying that once the bank has approved the short sale offer he cannot go behind the seller in future for any further money?
You can get it from your REALTOR.

Good Luck!


Gerry Dunn
Associate Broker
Serving MD, VA and D.C.
301-651-8600
0 votes Share Flag Fri Nov 5, 2010 Foreclosure in 32837
Kathy Robert…, Real Estate Pro in Lake Mary, FL
Kathy Robertson answered:
HOW LONG DO YOU HAVE TO VACATE YOUR PROPERTY AFTER FORECLOSURE SALE IN ORLANDO FLORIDA (ORANGE COUNTY) ? THE FORECLOSURE SALE DATE IS ON 10/27/2010.
You may want to talk to your bank or seek counsel as I'm certain the locks will be changed as soon as the sale happens.
0 votes Share Flag Mon Oct 25, 2010 Foreclosure in Orlando
Corey Van Dy…, Real Estate Pro in Orlando, FL
Corey Van Dyke answered:
I am currently living in a home that is in pre-foreclosure/shortsale status where I am not renting, but paying association fees how long can i live?
The current owner has the right to collect rent and evict if you are supposed to be paying rent. Paying the mortgage is not a condition of most lease agreements and they still have owne ... more
0 votes Share Flag Tue Mar 27, 2012 Foreclosure in 32828
Sandra Worth…, Real Estate Pro in Wichita Falls, TX
Sandra Wortham answered:
I am temporarily living in a home that is in pre-foreclosure/short sale status.. how long can i continue to live here before having to move?
With the Attorney General just sending a letter out to most of the major lenders halting foreclosures in Texas, it is anyone's guess!
0 votes Share Flag Wed Nov 10, 2010 Foreclosure in 32828
Kevin Olson,…, Real Estate Pro in Colorado Springs, CO
Kevin Olson, Jessica Laude answered:
how long we has to wait for a response in a multiple offer stuation?
Unfortunately unless you gave a deadline when making an offer the seller can take their sweet old time. Why they would, I have no idea. It can be because the offers are very close, or t ... more
0 votes Share Flag Wed Oct 6, 2010 Foreclosure in South Semoran
Claudia Jenk…, Real Estate Pro in Orlando, FL
Claudia Jenkins answered:
Hi I am looking for investment properties in the orlando ,Miami and Tampa areas that are bargain prices either foreclosed or distressed properties,
Hello,

Please feel free to contact me. We have a great group in my office that deals only with REO properties.
0 votes Share Flag Tue Oct 5, 2010 Foreclosure in Orlando
Dp2, Other/Just Looking in Virginia
Dp2 answered:
my friend and I can save 30k a yr without significantly alt our lifestyles. The plan is to buy foreclosures from 14-30k cash and rent them out...
I'm also an investor. Your plan sounds interesting, and it's feasible. Yet, it's actually possible for you to condense your schedule, and you might want to do so to tak ... more
0 votes Share Flag Thu Apr 7, 2011 Foreclosure in Orlando
Patrick Thies, Real Estate Pro in Anytown, IL
Patrick Thies answered:
I was asked this question today: My wife and I bought a small condo 5 years ago. We have had 2 children.
Buying another property and then short selling the first property is probably not going to work. The bank is not going to approve the seller if they had the means to purchase another p ... more
0 votes Share Flag Sat Jul 31, 2010 Foreclosure in Orlando
Ramon P,  in Clermont, FL
Ramon P answered:
If after filing chapter 7, I am still living in my house; at this point, will it be beneficial in anyway to do a shortsale? than let the house
You should not do the shortsale after chapter 7 rather you should do it as part of your chapter 7 that way you will only have the one hit on your record. Please speak with your attorne ... more
0 votes Share Flag Sun Jul 7, 2013 Foreclosure in Orlando
Sharon Molnar,  in Jacksonville, FL
Sharon Molnar answered:
I have a contract signed with Freddie Mac, the home appraised for approx. 7k more than the offer price which was a net 2k over the listed price on
Unfortunately, this is happening quite frequently. Freddic Mac, will not, in my experience do the repairs for you. It is possible to have an addendum to the contract that will allow you ... more
0 votes Share Flag Mon Oct 8, 2012 Foreclosure in Orlando
Don Tepper, Real Estate Pro in Burke, VA
Don Tepper answered:
I have 2 morgages on my home with the SAME bank. (80 / 20 loan) They offered me a Deed in Lieu of Foreclosure. Is this possible with 2 loans???
Sure they can. Why wouldn't they be able to?

And a deed in lieu is a sure thing. A short sale is quite iffy, and could spiral into a foreclosure. Check with a lawyer or accounta ... more
0 votes Share Flag Fri Jun 25, 2010 Foreclosure in Orlando
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