Foreclosure in Memphis : Questions & Answers

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Tom Hinz, Real Estate Pro in New Jersey
Tom Hinz answered:
can i move into a foreclosed home with not so perfect credit?
Let's put it this way, sure - if you're paying cash for the property. If you need to qualify for a loan, that will depend on more information about your credit and employment...Tom Hin ... more
0 votes Share Flag Thu May 7, 2015 Foreclosure in Memphis
Tom Hinz, Real Estate Pro in New Jersey
Tom Hinz answered:
If we do a deed in lieu of foreclosure on a vacant lot (that were going to build on) do we pay taxes on the whole amount?
You may qualify for an exemption on paying some or all of the taxes, but need to have a CPA evaluate your situation and finances to determine if you qualify. The form to submit to the ... more
0 votes Share Flag Thu May 7, 2015 Foreclosure in Memphis
Annette Lawr…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence answered:
Is there still enough work for an independent contractor to supplement his income taking pictures of foreclosed properties ?
Who is paying for those pictures?
Real the link and you will get an idean what is happening behind the curtains in the foreclosed real estate market.
http://www.workingre.com/workingr ... more
0 votes Share Flag Mon Jun 17, 2013 Foreclosure in Memphis
Dustie Zvola…, Real Estate Pro in Collierville, TN
Dustie Zvolanek answered:
Why would a Seller ask for a listing price and then turn down an offer for the full amount of the listing price? This house is a foreclosure, btw.
I specialize in working with banks and HUD homes and right now most homes are being sold for more then the listed price. The most important thing with buying a foreclosure is to work wi ... more
0 votes Share Flag Mon May 13, 2013 Foreclosure in 38104
Dustie Zvola…, Real Estate Pro in Collierville, TN
Dustie Zvolanek answered:
Buying a foreclosure
I completely agree with Mr. Bellaire's comment, you for sure need an agent and in most cases the bank will require it. The most important thing in selecting an agent when buying a forec ... more
0 votes Share Flag Mon May 13, 2013 Foreclosure in Memphis
Dustie Zvola…, Real Estate Pro in Collierville, TN
Dustie Zvolanek answered:
How do I get into the business of taking pictures of foreclosed properties for banks?
I work with an office that sells Foreclosures, REO, and HUD homes and we check the occupancy status of properties and take pictures. If you would like to email me your information I wou ... more
0 votes Share Flag Mon May 13, 2013 Foreclosure in Memphis
Tom Cullen, Other/Just Looking in Honolulu County, HI
Tom Cullen answered:
Need good Lawyer in Memphis.
Thanks for the responses all.

TC
0 votes Share Flag Wed Apr 24, 2013 Foreclosure in 38128
Divinehoney5…, Home Buyer in Memphis, TN
Divinehoney5670 answered:
I have a HUD contract.I have 15 day from the day it is signed to get an inspection.
I am so glad you put this on here because i am in the same boat!!! we had 15 days which was fine for us BUT we have had to cancel our inspection TWICE because they haven't gotten the wa ... more
0 votes Share Flag Wed Mar 20, 2013 Foreclosure in Memphis
James and Ke…, Real Estate Pro in Memphis, TN
James and Kenisha Martin answered:
What is the best way to purchase a foreclosure in Memphis?
Find a buyers agent that knows the process of buying a foreclosure in Memphis. A simple search on Trulia will due.
0 votes Share Flag Wed Feb 8, 2012 Foreclosure in Memphis
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
I'm just starting up a trash-out service named Green Clean in the Memphis area we will be doing our part to help the earth.we
Too late for that. You should have done your research before starting the company.

And focus on what you want to accomplish. It's great that you want to do your part to save the ... more
0 votes Share Flag Sun Nov 20, 2011 Foreclosure in Memphis
Mike Linkena…, Real Estate Pro in Jacksonville, FL
Mike Linkenauger answered:
I owe way more than my house is worth. I am thinking about letting my house go into foreclosure. Bank will not accept a short sale.
Though we never advise people to stop paying, if you want to get out from under your property, you may have to. Have to spoken to a Memphis short sale specialist yet? Check -
0 votes Share Flag Tue May 24, 2011 Foreclosure in Memphis
Stephen Ande…, Real Estate Pro in 38002
Stephen Anderson answered:
Does anyone have recommendations for a Memphis realtor that has experience with short sales?
Stephen Anderson
Keller Williams Realty
901-338-9043
Email: stephenanderson@kw.com
Website: stephenanderson.yourkwagent.com

Call or email me anytime!
0 votes Share Flag Wed May 18, 2011 Foreclosure in Memphis
Cassandra Bl…, Real Estate Pro in Atlanta, GA
Cassandra Black, Consultant answered:
My husband abd I want to start cleaning and taking care of lawns of foreclosures how do we get started?
Hi Tanneice,

There's a plethora of FREE industry info on this Foreclosure Cleanup Industry Blog (see link below) that can guide you on getting established cleaning foreclosures ... more
0 votes Share Flag Thu Jan 27, 2011 Foreclosure in Memphis
Sue Ruby, Real Estate Pro in Germantown, TN
Sue Ruby answered:
Who do you contact about cleaning propertys that will be up for sale?
Have a crew of 3 - 5 people whom I can schedule for these projects. All I need is the address and be able to enter. Each house will be different so there is no set price.
0 votes Share Flag Tue Dec 7, 2010 Foreclosure in Memphis
Keith Manson-…, Real Estate Pro in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
Can a second lien foreclose my home if i filed banruptcy and put the second mortage on cause the house wasn't in my name?
There is more information needed to respond to your question. It depends on the type of bankruptcy filed and if the bankruptcy was discharged or not. I am assuming that if you second ... more
0 votes Share Flag Sun Sep 5, 2010 Foreclosure in Memphis
Jeff Price, Real Estate Pro in Memphis, TN
Jeff Price answered:
Agents - I am interested in finding Memphis area investors with the capacity to pay cash quickly for pools of distressed notes and foreclosures. We
I have some interested investors.
Jeff Price
reomphs@gmail.com
0 votes Share Flag Wed Mar 31, 2010 Foreclosure in Memphis
Rebecca Hanks, Real Estate Pro in Memphis, TN
Rebecca Hanks answered:
Would you offer a $12,000.00 difference then the asking price on a foreclosed home?
Most banks have asset managers that are given certain guidelines on what is an acceptable offer. With the assistance of the listing agents, the asset managers set a list price. An " ... more
0 votes Share Flag Tue Mar 30, 2010 Foreclosure in Memphis
Jo Shaner, Real Estate Pro in Memphis, TN
Jo Shaner answered:
if you are making an offer on foreclosed property how do you no where to start negoiations.According to cma it is priced right and needs about
Different REO companies operate different ways, however most have an appraisal done on the subject at it's current state of repair/disrepair. They list it in the 'as is" ... more
0 votes Share Flag Mon Feb 1, 2010 Foreclosure in Memphis
Candace Gust…, Real Estate Pro in Memphis, TN
Candace Gustine answered:
looking for a memphis real estate agent that handles hud homes anybody contact me avelaj@msn.com
Hi Velajinvest, were you able to get he assistance you were looking for? I deal in HUD properties as well. Please let me know if there is anything I can do to assist you.

Candace G ... more
0 votes Share Flag Tue Jan 12, 2010 Foreclosure in Memphis
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