Foreclosure in Benton County : Questions & Answers

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Jared Ellison, Real Estate Pro in Springdale, AR
Jared Ellison answered:
why is it you can't find pictures and they make it so hard to find out about foreclosure property? I'm not paying anyone to see something!
I can understand your frustration since I've personally purchased many foreclosures. Generally speaking, from my experience, foreclosures that are priced below market value will usually ... more
0 votes Share Flag Sun Feb 2, 2014 Foreclosure in Centerton
#1 Limbird T…, Real Estate Pro in Bentonville, AR
#1 Limbird Team answered:
Hi, I got a foreclosure and spent $6000 for repair and moved into the home(personal residenc). Shall I deduct the money I spent for repairs on tax?
Hello! This is definitely something you should ask your tax preparer but I believe since it is your personal residence you can not deduct it. If this was an investment/rental property, ... more
0 votes Share Flag Sat Dec 7, 2013 Foreclosure in 72712
Eli Givoni-S…, Real Estate Pro in Boca Raton, FL
Eli Givoni-Short Sale Dept LLC answered:
I'm foreseeing a foreclose on our current house due to the ins. agency not renewing our policy. Will we be able to rent when this happens?
Renting an apartment with foreclosure on your credit definitely can create obstacles. You can keep foreclosure off your credit, by doing a short sale. If it comes to that, feel free t ... more
0 votes Share Flag Tue Jul 23, 2013 Foreclosure in 72715
Edward P. O'…, Real Estate Pro in Bella Vista, AR
Edward P. O'Brien answered:
Today the house I am renting was sold to the seller in auction for 3k. WHat does this mean for me and how much time in Orlando do I have?
Have you received any kind of legal notice? if you have a letter from the Auction co, , why not call them to discuss. Most of the time, the owner has 30 days to vacate. Since you a ... more
0 votes Share Flag Thu Oct 18, 2012 Foreclosure in Bella Vista
Gavin Edwards, Real Estate Pro in Bentonville, AR
Gavin Edwards answered:
Can a REO home be purchased with a RD loan?
Yes it can be done as long as the proeprty is in an area that qualifies for and RD loan. I specailize in this type of transaction in Bella Vista and all over NW Arkansas
0 votes Share Flag Mon Jul 2, 2012 Foreclosure in Bentonville
Steven Atwell, Real Estate Pro in 72712
Steven Atwell answered:
My landlord's house is being sold at foreclosure auction. What does that mean for me?
If it is being foreclosed you will have to move unless it is being foreclosed by a local bank and then you may be able to stay. But most likely you will have to move. Not sure of Califo ... more
0 votes Share Flag Fri May 11, 2012 Foreclosure in Bella Vista
Ray Jones, Real Estate Pro in Rogers, AR
Ray Jones answered:
One more question! Is it common to split closing costs and revenue stamps when it's an offer to a corp or a bank?
In a closing transaction there are costs to the seller, such as mortgage payoff, real estate fees, prorated taxes, home warranty, survey, and revenue stamps. Some of these costs may be ... more
0 votes Share Flag Wed Oct 27, 2010 Foreclosure in Bella Vista
Ed Simpson, Real Estate Pro in 72756
Ed Simpson answered:
I live in northwest Ar. and was wandering how a foreclosure on a rental property could effect my primary
The rental foreclosure could effect your primary if the bank gets a default judgement against you and there is value in your other property - cars, truck, tools, and home. Trust me, th ... more
0 votes Share Flag Thu Oct 14, 2010 Foreclosure in Rogers
Ed Simpson, Real Estate Pro in 72756
Ed Simpson answered:
we just recently put a bid in on a house 22350 Hwy 72 W., Gravette, AR. we found out that it was taken from the realtor but we already put a bid in.
Mommajune

I am sorry that no one got back to you earlier. Would you please contact me at 479-409-4992 and let me know the your status with this home or to purchase a home. REALTORS ... more
0 votes Share Flag Thu Oct 14, 2010 Foreclosure in Benton County
Judy Luna, Real Estate Pro in Fayetteville, AR
Judy Luna answered:
we just recently put a bid in on a house 22350 Hwy 72 W., Gravette, AR. we found out that it was taken from the realtor but we already put a bid in.
How did you make the bid? Contact the agent or other person that you used to make the bid and ask them to find out if your offer was accepted or not. Even if the listing expired, there ... more
0 votes Share Flag Tue Jul 27, 2010 Foreclosure in Benton County
Spirit Messi…, Real Estate Pro in 85716
Spirit Messingham answered:
How much below asking price can you offer on a hud or REO home at the moment?
Banks have figured it out (finally) and typically are listing them for what they want out of them. Each transaction and property is different, look at the recent solds comps for the ar ... more
0 votes Share Flag Tue Jul 6, 2010 Foreclosure in Bentonville
James Call, Real Estate Pro in Rogers, AR
James Call answered:
how to get Fannie mae listing in North West Arkansas?
Check out the info at http://www.homepath.com
Most of the MLS listings by agents in the area will have a comment about it being a Fannie Mae, bank owned, foreclosure, or something lik ... more
0 votes Share Flag Mon Jan 25, 2010 Foreclosure in 72758
Cynthia Barr…, Real Estate Pro in 33434
Cynthia Barron answered:
I didn't finish my previous entry! Any tips for our next offer? How low should we offer? 20 % or more? What's being accepted typically for
In Florida, the homes are priced to sell quickly. In homes under $200,000.00 we are generally seeing the homes receiving mulitiple offers and selling price going above asking price. S ... more
0 votes Share Flag Wed Nov 4, 2009 Foreclosure in Bella Vista
Memphis Owne…, Real Estate Pro in Tennessee
Memphis Owners answered:
How do we find out if any liens are attached to a foreclosed house? If we make an offer B4 we know, can we put this in the offer?
Jana, all mortgage companies will require a clear title to the property you're using as collateral. If you're obtaining a mortgage, the lender will take care of this for you. ... more
0 votes Share Flag Wed Nov 4, 2009 Foreclosure in Bella Vista
Ron Robertson, Real Estate Pro in 72756
Ron Robertson answered:
What is the lowest price per square foot have you seen? What is the normal selling price per sqft now? And
Steven is pretty much right on in a normal situation. Remember the old saying if it seems to good to be true it probably is. You should aproach the low priced homes with caution in the ... more
0 votes Share Flag Tue Sep 22, 2009 Foreclosure in 72758
Hogie, Other/Just Looking in Rogers, AR
Hogie answered:
8375 Admiral Nimitz Rogeers,AR
I was curious why you would ask if this house is in forclosure. Did someone tell you that it is? The reason I ask is that I live in this house. The house is not in forclosure. I do ... more
0 votes Share Flag Wed Jun 10, 2009 Foreclosure in 72756
Paula Prince…, Real Estate Pro in Rogers, AR
Paula Prince - Top 10% Grossing Realtor NWA answered:
I have made an offer on a $340,000 house from Home Steps and they came back with a counter of $1,400 less
David,

I would like more information. I have successfully negotiated several foreclosures. I always tell my clients that there will be "hoops" to jump through. Did you ask for any cl ... more
0 votes Share Flag Sun Mar 29, 2009 Foreclosure in Rogers
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