Foreclosure in 33179 : Questions & Answers

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Margaret Has…, Real Estate Pro in 33544
Margaret Hassani answered:
How long is the process on a foreclosure property owned by the bank.?
The process of foreclosure by a bank can take years in Florida. Once the bank has foreclosed, it now owns the property. They may or may not put it on the market for sale right away.
0 votes Share Flag Fri Oct 25, 2013 Foreclosure in 33179
Christopher…, Real Estate Pro in Westchester, NY
Christopher Pagli - ABR, GREEN answered:
Can I apply to rent a home if I am current going through a short sale on my property?
Hi, This will depend on the landlord in question. Many people are going through the same thing that you are at the moment. If you can prove that otherwise your credit is good and you ... more
0 votes Share Flag Fri Oct 28, 2011 Foreclosure in 33179
Mali Shahbaz…, Real Estate Pro in 33157
Mali Shahbazian answered:
I am trying to do a shortsale on my condo, i am behind on my Mort payment, HOA payment and an assessment, should I continue to pay the HOA and Assess
Hello Tracy,

In order not to accumulate late fees and attorney fees, which usually banks do not pay much of it.
it's better to pay HOA to make it smoother transaction.
0 votes Share Flag Fri Mar 4, 2011 Foreclosure in 33179
John Sacktig, Real Estate Pro in East Brunswick, NJ
John Sacktig answered:
Can the lender come after my assets, such as my (timeshare) with a shortsale in progress?
Hi Tracy,

What was the result of your short sale experience?

From my experience in short sales, yes the lender can ask that you liquidate the assets to pay back the loan.. But yo ... more
1 vote Share Flag Mon Feb 14, 2011 Foreclosure in 33179
Jenny Piment…, Real Estate Pro in Miami, FL
Jenny Pimentel answered:
Can I rent to own if I am in the process of doing a shortsale? I have a buying who wants to rent / and buy till the shortsale goes through.
I'd assume that you wouldn't be eligible to receive the rent payments since you're in the middle of a short sale & the bank is already receiving less than what you ow ... more
0 votes Share Flag Mon Jan 3, 2011 Foreclosure in 33179
Patrick Thies…, Real Estate Pro in Elmhurst, IL
Patrick Thies SFR, CNC answered:
How do I find out if my mortgage is recourse or non-recourse?
It will be buried in the paperwork somewhere. Look in the terms of the loan section of the paperwork. Also, some states are recourse and non-recourse states so even if the paperwork d ... more
0 votes Share Flag Mon Feb 8, 2010 Foreclosure in 33179
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