Foreclosure in Allen : Questions & Answers

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Susie Kay, Real Estate Pro in Frisco, TX
Susie Kay answered:
HOA lien VS Bank Lien
Naeem,

You absolutely need an attorney to help you. There's due diligence that needs to be done before you purchase a home at this type of auction as too many things can go wrong. I ... more
0 votes Share Flag Thu Jan 29, 2015 Foreclosure in 75013
Annette Lawr…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence answered:
what if the house is listed under bankruptcies(active) what does it mean? are they different from forclosure?
This question posted Oct 2009

Now we know it's the same, but different.
:)
0 votes Share Flag Thu May 29, 2014 Foreclosure in 75013
Gail Polo, Real Estate Pro in Inver Grove Heights,...
Gail Polo answered:
if the house listed or under bankruptcies(chapter 7) how this it will work is it the bank owns this or is this consider forclosure? or this cheaper
This home is not a short sale nor a foreclosure. The owner is selling it through me with Edina Realty. It is priced to sell and compete with foreclosure homes. It is a great deal as ... more
0 votes Share Flag Mon Feb 24, 2014 Foreclosure in 75013
Melissa Hail…, Real Estate Pro in Plano, TX
Melissa Hailey, 214-418-0180 answered:
let say the house is pre-forclosure the auction is done let say it was done oct. 2 and the owner of the house can still leave there and how long they
If no one else bids on the property at the courthouse auction, then the foreclosing bank becomes the owner of the home. The new owner/bank will begin the eviction process, but based on ... more
0 votes Share Flag Mon Feb 24, 2014 Foreclosure in 75013
Pacita C Dim…, Real Estate Pro in Alameda, CA
Pacita C Dimacali answered:
what is the differnce between preforclosure and forclosure? Is it better to buy a pre- or a?
Here are three stages where you can look

1. Short sales where homeowners are selling property for less than what they owe on it. Although seller can accept an offer, it's the lender ... more
0 votes Share Flag Mon Feb 24, 2014 Foreclosure in 75013
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
Is there California or Federal law that requires who is to receive a notice of a Substitute Trustee during a foreclosure action? If so where might It
You posted this question in TX not in California forum. OR confer with real estate attorney

_________________________________________
Lynn911 Dallas Realtor & Consultant
Multimilli ... more
0 votes Share Flag Fri Jan 24, 2014 Foreclosure in 75002
HelpUBuy Ame…, Real Estate Pro in 75019
HelpUBuy America answered:
Can I buy a home from a client that refuses to pay back taxes, HOA etc? How long until she can pay them back? Harris County Texas
Back taxes and HOA fees have to be paid by someone. If they are not willing to pay and you want to buy the house, you'll have to pay.

Best place to start is to hire an Exclusive Buy ... more
0 votes Share Flag Sat Sep 21, 2013 Foreclosure in 75002
Bruce Lynn, Real Estate Pro in Coppell, TX
Bruce Lynn answered:
lots for sale and or in foreclossure
We don't often see individual lots on foreclosure sales in Allen.
Because most of the lots go to builders, even in the foreclosure process, they often get resold to a developer.

I d ... more
0 votes Share Flag Sat May 26, 2012 Foreclosure in Allen
Chynagirl, Home Buyer in Allen, TX
Chynagirl answered:
I'm bidding on a foreclosed home asking price $119k my offer was $120k I was asked to make best and final offer how high should I go?
Yes I did however I had to place a higher bid there were 7 other offers on the table but still paid way below valued price and not much work needed! Thank you
0 votes Share Flag Thu Jul 14, 2011 Foreclosure in Allen
T.E. Sumner, Real Estate Pro in 75040
T.E. Sumner answered:
in texas if you buy a tax lien home from the county for the back taxes owed do you own the home at that point?
I'm afraid the out-of-state guy is wrong. You have title to the property as soon as the trustee sends you the deed. This is usually a few days after the auction.

Be aware th ... more
0 votes Share Flag Sat Oct 30, 2010 Foreclosure in 75002
T.E. Sumner, Real Estate Pro in 75040
T.E. Sumner answered:
If I am renting a house that is forclosed on, what is my time line for moving out. I am in the process of now. House is going on public auction 9/7
Your lease is a right to occupy the property unless/until a local court removes that right in a forcible detainer suit. This is commonly called eviction. When title to a property is s ... more
0 votes Share Flag Thu Sep 2, 2010 Foreclosure in Allen
Michael Russ…, Real Estate Pro in 75006
Michael Russell answered:
What is Notice of Substitute Trustee Sale?
This beyond the scope of my expertise. I would advise talking to someone at a local title company or a consultation with a board certified real estate attorney. Best of luck
0 votes Share Flag Mon Mar 15, 2010 Foreclosure in 75002
Nick Hultgren, Real Estate Pro in Collin County, TX
Nick Hultgren answered:
I am a renter (of a home) in Texas. I paid rent on the 1st of the month (Nov. for example) to a property management office. The month prior (Oct),
The new owner will have to offer you cash for keys as stated below to get possession of the property. Or evict you which will (as stated below) take them 90 plus days. $1,000- ? $ Amo ... more
0 votes Share Flag Thu Jan 7, 2010 Foreclosure in 75002
T.E. Sumner, Real Estate Pro in 75040
T.E. Sumner answered:
So after about 2 weeks to a month of a Substitute Trustee Sale if the owner of the home does not change in
If the trustee's deed was recorded electronically, it appears very rapidly in the county records, not the appraisal district. If the deed was recorded manually, it may take a few weeks ... more
1 vote Share Flag Thu Aug 13, 2009 Foreclosure in 75002
Nick Good, Real Estate Pro in 75252
Nick Good answered:
how hard is it to get a loan for a second home,with excelent credit and 20k dw(100K LOAN)?
Jose,

I just had an investor purchase an investment home in Plano for $90k and I will have to say that it is very important to pick a lender that will follow through with their promi ... more
0 votes Share Flag Wed Oct 29, 2008 Foreclosure in Allen
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