Foreclosure in Wisconsin : Advice

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Troy Miller , Real Estate Pro in 53051
Troy Miller answered:
I'm looking to buy a HomePath property, and noticed the very limited lenders for the renovation type - who's worked with them, and
Ryan,

My experience with renovation financing is limited but I'll share what I can. My buyer used Wells Fargo...it was their own re-hab loan similar to the home path in that al ... more
0 votes Share Flag Wed Feb 8, 2012 Foreclosure in Milwaukee County
Eric D. Lenz, Real Estate Pro in Wisconsin
Eric D. Lenz answered:
Our condo board foreclosed on property for unpaid monthly assessments. Sometime in 2012 the mortgage company will forclose and take property back.
Yes, that is certainly a possibility. The first lien on the property is usually the mortgage, and if there is a foreclosure, it can wipe out most other liens (not taxes). The winner at ... more
0 votes Share Flag Tue Dec 13, 2011 Foreclosure in Waukesha County
Katie Michel…, Real Estate Pro in Madison, WI
Katie Michelle answered:
If a home is not in foreclosure yet the bank has already "secured" it, do I have any available options (WI)?
Assuming you are the owner, you should contact an attorney immediately. A home in foreclosure is not final until it goes through a redemption period after the sherriff's sale. An ... more
0 votes Share Flag Thu Dec 8, 2011 Foreclosure in Waukesha County
Steve Comfort, Real Estate Pro in Walnut Creek, CA
Steve Comfort answered:
Can a person make a secondary offer on a forclosure property that already has an accepted offer?
Yes, it's called a backup offer. However, not all sellers accept backup offers, so have your agent check with the listing agent to see if the seller will accept backup offers. If ... more
0 votes Share Flag Fri Nov 18, 2011 Foreclosure in Madison
Mike Collins,…, Real Estate Pro in 53545
Mike Collins, 608-921-8536 answered:
does anyone have any advice on a first time home buyer of a foreclosed home???
Hello,
I just actually posted a blog on that today!

Here is an excerpt:
Tips for Purchasing a Foreclosure

The housing slump that has affected the country over the past few years ... more
0 votes Share Flag Sun Nov 13, 2011 Foreclosure in Janesville
Gary Geer, Real Estate Pro in 60031
Gary Geer answered:
Can I sue my landlord?
Contact an attorney for guidance. We can not give legal advice.
0 votes Share Flag Sat Sep 3, 2011 Foreclosure in Waukesha County
Gerard J. Ca…, Real Estate Pro in Spring Hill, FL
Gerard J. Carney answered:
I am buying a rent to own mobile home what rights do I have? Thanks
What ever rights you lay down in your lease and you rights to buy in the future! You need to have a Real Estate Atoorney write this up or you could pay for years and then find out that ... more
0 votes Share Flag Mon Jul 25, 2011 Foreclosure in Fond Du Lac County
Linda S. Cef…, Real Estate Pro in Franklin, WI
Linda S. Cefalu answered:
we were supose to have our closing on May 31st (2 weeks ago) and the bank is not finished yet. What rights do i have?
What does your contract state? Do you have an agent?
0 votes Share Flag Tue Jun 14, 2011 Foreclosure in Green Bay
Gerard J. Ca…, Real Estate Pro in Spring Hill, FL
Gerard J. Carney answered:
I need to move to a new area 5 hrs from my current location for my job and will not be able to afford both rent and mortgage. Is a short sale the way?
Short Sale would be approved by the bank of record for the mortgage and would most likely not grant you short sale since you are not in dire financial stress, you need to go to an attor ... more
0 votes Share Flag Wed Jul 20, 2011 Foreclosure in 54824
Patricia Jon…, Real Estate Pro in Hope Mills, NC
Patricia Jones answered:
How do I find the name of the financial institution that has a property listed for sale? How flexible are they on these foreclosure sales?
You can find the lender by going to the court house and locating the Attorney for the address in question. From there they can give you the asset manager of the lender and try to get th ... more
0 votes Share Flag Sun Jun 5, 2011 Foreclosure in 53546
Joekolb, Home Owner in Sturgeon Bay, WI
Joekolb asked:
0 votes Share Flag Fri May 13, 2011 Foreclosure in Sturgeon Bay
Michael Emery, Real Estate Pro in Minneapolis, MN
Michael Emery answered:
What do you think?
They might counter for less closing costs or they might take the offer.

If you use their title company there are less closing costs associated with the transaction or they might insi ... more
0 votes Share Flag Thu Mar 14, 2013 Foreclosure in 54822
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
Can the owner who was foreclosed upon (sale confirmed) rent the property for a period until she finds home for her family?
It would be totally up to the new owner, often it is the bank that foreclosed so I doubt they would allow it, but you could ask.
0 votes Share Flag Thu Apr 21, 2011 Foreclosure in Milwaukee
Debby Thomps…, Real Estate Pro in 53226
Debby Thompson answered:
Im buying a foreclosure. the roof once leaked but now looks to be fixed but the water damage was not fixed. would the appraisal reject my loan?
I depends what type of loan you are getting. I would talk with your lender. Better be safe then sorry. You could take a picture if your lender can't go to the home for you.
Debby ... more
0 votes Share Flag Tue Aug 9, 2011 Foreclosure in Appleton
Duane Murphy, Real Estate Pro in Appleton, WI
Duane Murphy answered:
I am looking to buy a home at a sheriffs sale, however the mortgage company that currently holds the mortgage is Kondaur Capital.
AJ-

The first thing that you have to understand about a sherrifs auction is that more than likely (probably a 99% chance) the very first bid will be from someone representing the ban ... more
0 votes Share Flag Wed Mar 30, 2011 Foreclosure in Grafton
Closure Klee…, Other/Just Looking in Wisconsin
Closure Kleenup services asked:
0 votes Share Flag Wed Mar 30, 2011 Foreclosure in Rice Lake
Duane Murphy, Real Estate Pro in Appleton, WI
Duane Murphy answered:
what is the best way to advertise a trashout/cleanup business? banks? real estate companies?
Your best bet is to advertise and talk to the listing agents that have your local foreclosure listings. Ofteen times they are responsible for hiring someone and getting quotes. Some of ... more
0 votes Share Flag Tue Oct 9, 2012 Foreclosure in Rice Lake
Troy Miller , Real Estate Pro in 53051
Troy Miller answered:
I need to move from my condo as soon as possible. I have no desire to rent it out or the time to try to sell it. Can I give it back to the bank?
Tracy,

You will definitely want to seek the advice of an attorney for your question.

Please realize though you don't need to be here to sell. A local Realtor can take care ... more
0 votes Share Flag Wed Mar 16, 2011 Foreclosure in Milwaukee
Dp2, Other/Just Looking in Virginia
Dp2 answered:
bank dropped reo list price $10K THE same day they countered my offer. was on market 88 days w/NO offers & bam, in comes a 2nd offer. cause 4
You have a few options for extracting that info without showing your hand, and possibly without upping your offer needlessly. Instead of asking any of those questions directly, you cou ... more
0 votes Share Flag Thu Nov 17, 2011 Foreclosure in Madison
Colleen  Pro…, Real Estate Pro in 53076
Colleen Prostek answered:
was 8244 N 37th st Brown Deer wis 53209 on the market? Is it going to be for sale soon?Thank you
It appears this property has gone to Sheriffs sale Jan. 2011 which means this home will eventually go on the market the process takes awhile so it could be months before you see a sign ... more
0 votes Share Flag Wed Feb 23, 2011 Foreclosure in 53209
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