Foreclosure in Great Neck : Questions & Answers

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Sheri Cambar…, Real Estate Pro in Mineola, NY
Sheri Cambareri answered:
do the bank let the homeowner get their stuff out of the house before taking the home away for auction?
Yes the bank needs to give you time to get your belongings out of your home before and auction. They must also publish in a local publication that there will be an auction for four week ... more
0 votes Share Flag Thu May 23, 2013 Foreclosure in 11023
Beth Sitzer, Real Estate Pro in 11021
Beth Sitzer answered:
What are the risks in renting a "pre-foreclosure" home?
In NY state we are a judicial state, meaning a foreclosure must go through the court system unlike some of the states people answered from below. Pre foreclosure does not mean the home ... more
0 votes Share Flag Wed May 22, 2013 Foreclosure in 11023
Trevor Curran, Real Estate Pro in Bronx, NY
Trevor Curran answered:
I am loong for a old house to buy and fix it can anybody guide me on whats the best way to go about these deals.
Good afternoon bafarooq,

I've been helping First Time Buyers for 23 years as a mortgage professional and I will tell you what I have always told my clients here in New York: If you a ... more
0 votes Share Flag Thu Apr 25, 2013 Foreclosure in Great Neck
Linda Soto, Real Estate Pro in San Jose, CA
Linda Soto answered:
What does preforeclosure mean??
Yes, all homes will affect the price regardless whether it is a short sale, foreclosure, REO or a traditional sale. I suggest asking your LOCAL real estate agent to get you a CMA (comp ... more
0 votes Share Flag Tue Jan 15, 2013 Foreclosure in 11023
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
How can I get forcoluser listings .?
Since short sales and bank owned properties end up being listed by a broker, consider working with an agent of your own. Keep in mind that not all foreclosures are such great bargains, ... more
0 votes Share Flag Sun Jan 8, 2012 Foreclosure in 11021
Jerry Cibuls…, Real Estate Pro in Southold, NY
Jerry Cibulski answered:
would the bank in a pre forclosure prefer a short sale or a forclosure?
The bank would prefer a short sale. This is an agreed upon price between the home owner and the bank on a sales price of the home that is usually less than the mortgage. The owner is st ... more
0 votes Share Flag Wed Aug 10, 2011 Foreclosure in 11023
Martina Ryan, Real Estate Pro in Queens, NY
Martina Ryan answered:
what is a short sale?
A Short Sale is an alternative to foreclosure proceedings and undoubtedly the lesser of two evils. You are basically selling the property at a loss under an agreement with the lender. ... more
0 votes Share Flag Sun Jul 31, 2011 Foreclosure in 11023
Gerard J. Ca…, Real Estate Pro in Spring Hill, FL
Gerard J. Carney answered:
I have a contract to buy on a house. I have just found out that the house has gone into pre forclosure Where do I stand with buying this house?
You don't, the house would not close if the bank is calling in on the equity to cover some of the debt. Foreclosure of this home means walk away and if you really want this home wa ... more
1 vote Share Flag Fri Jul 29, 2011 Foreclosure in 11023
NAPLES REAL…, Real Estate Pro in Naples, FL
NAPLES REAL ESTATE GUYS answered:
what rights do I have since I am a renter who's home is in pre-foreclosure? I don't want to be left out in the cold! I need to find out my
T,

You must perform under the terms of your lease Agreement. I am sure the owner needs the rent revenue so they should be making you feel comfortable by communicating with you comple ... more
0 votes Share Flag Thu Aug 19, 2010 Foreclosure in 11023
Mike White, Real Estate Pro in 91942
Mike White answered:
Found a Lis Pendens property that I like. What is the nest step?
A Lis Pendens means that someone has filed a claim against the property. This will prevent the property from transferring title until it is cleared. Your local Real Estate Professional ... more
0 votes Share Flag Thu Oct 15, 2009 Foreclosure in Great Neck
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