Macy Andrews

I'm a:

Real Estate Professional

2 Answers

Report this profile

My Q&A View all >>

Macy Andrews's Questions (0)

Macy Andrews's Answers (2)

I am living in a rented condo which is in ownership limbo due to a foreclosure the HOA has just asked me to

Asked Tue Jul 1 2008, 10:02 by Jim - 90403 - Foreclosure - 4 answers

Macy Andrews answered:

When liens are placed on a property-they have to be paid before a home can be sold. If the home is foreclosed on-the security deed or loan is in first position and essentially wipes out the lien. They can place a lien on the property, but since you do not own it, it should have no effect on you as a renter. If the condo is going to foreclose, the lien that would be placed would be wiped out after the foreclosure. I would say a bigger problem would be if the homeowner does lose the property to foreclosure-you will have to move out. - Tue Jul 1 2008, 14:32

There is a house for sale for 195,000 and i offer 150,000 do you think they will take it has been on the

Asked Thu Jun 26 2008, 07:40 by Hirne - Marietta - Home Buying - 14 answers

Macy Andrews answered:

Based on the county records, unless they have paid off more then monthly payments, the offer is too low. They would have to bring money to closing. Depending on the situation, they might be willing to take the deal if they need to move, but 90 days is not that long in this market. I would say 175,000 would be a safer bet - Tue Jul 1 2008, 14:24

View all Macy Andrews's Questions & Answers >>

RSS