Foreclosure in Mesa : Questions & Answers

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Jim Schermet…, Real Estate Pro in Kohler, WI
Jim Schermetzler answered:
If my house is upside down, should I just walk away from it?
Patience is very important in the real estate game. Although property values plummeted when the market fell apart in the late 2000's, we have seen a continual rise in property values t ... more
0 votes Share Flag Thu Aug 6, 2015 Foreclosure in Mesa
Edward Maddox, Real Estate Pro in Florence, AZ
Edward Maddox answered:
How long can I remain in a townhouse owned by my deceased sister after the sale of the property. It is in foreclosure. I did not put it in my name.
Jeff is absolutely correct. Would need to know more information to determine.
0 votes Share Flag Fri Feb 6, 2015 Foreclosure in 85202
Jillian Dobs…, Real Estate Pro in Edmond, OK
Jillian Dobson answered:
I am interested in REO's, ca you tell me what the down payments are required?
Depends on your loan, ask your loan officer.
0 votes Share Flag Sun Dec 1, 2013 Foreclosure in Mesa
Raymond Whit…, Real Estate Pro in Mesa, AZ
Raymond Whitby answered:
Okay,I am a little young and new to this house hunting thing.are you able to rent foreclosed home or apartments from whom ever holds the property?
If you do, it will not be enforceable unless it's with the foreclosing entity or authority of the property being rented. Foreclosed homes are not rented out by the foreclosing bank(s) ... more
0 votes Share Flag Fri Nov 29, 2013 Foreclosure in Mesa
Raymond Whit…, Real Estate Pro in Mesa, AZ
Raymond Whitby answered:
BofA foreclosed on my home. When it went to auction, BofA bought it at $80K HIGHER than it appraised for.?
The banks typically try not to incur losses regarding the debt owed, but I've seen them go the other way and it leaves "logical" minds wondering Huh? I know some big banks now that are ... more
0 votes Share Flag Fri Nov 29, 2013 Foreclosure in Mesa
Ray Teerlink, Real Estate Pro in Chandler, AZ
Ray Teerlink answered:
Property in Foreclosure
There is a law enacted that will protect you from this exact scenario. It is called the "Protecting Tenants at Foreclosure Act of 2009".

It says that you cannot be forced to move o ... more
0 votes Share Flag Thu Apr 4, 2013 Foreclosure in 85209
Hope Salas, Real Estate Pro in Mesa, AZ
Hope Salas answered:
At what point would the Maricopa County Treasurer's Office take over property with unpaid Tax?
Here's an excellent referral for you to get all of your tax related questions answered.
Karen F. Corona, CPA
12826 S. 38th Place
Phoenix, AZ 85044-3867

PH: (480) 893-0191
FAX (4 ... more
0 votes Share Flag Sun Mar 24, 2013 Foreclosure in Mesa
Joyce Mitche…, Real Estate Pro in Apache Junction, AZ
Joyce Mitchell answered:
Home worth 40% of purchase value, why should I stay? How do I go? I live in Mesa, AZ
This question was posted in 2009. Thus, my answer is general to the topic.
Real estate values got in serious trouble in June 2008, my opinion.
Value is controlled by supply and dema ... more
0 votes Share Flag Sun Jul 15, 2012 Foreclosure in 85209
Lucinda Tkach,  in Phoenix, AZ
Lucinda Tkach answered:
Please does any one have a suggestion for clean outs in Arizona?
You may have to go into real estate offices and contact the person that is selling lender owned homes directly. Some of them hire there own clean out companies. You need to create a per ... more
0 votes Share Flag Mon Oct 3, 2011 Foreclosure in Mesa
Matt Dunshie, Real Estate Pro in Mesa, AZ
Matt Dunshie answered:
Buying a home after a foreclosure..
you may want to keep the credit lines you have now open for history purposes. I would suggest working with a mortgage broker that offers some advice and services on repairing some of th ... more
0 votes Share Flag Mon Aug 22, 2011 Foreclosure in 85207
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
we are some of the inoccents that got caught in this real essate garbage, We bought our home before the prices wentt nuts, now our home is wurth 1/2
A short sale is one choice, make sure you can negotiate that you owe nothing after the sale.
0 votes Share Flag Tue May 10, 2011 Foreclosure in Mesa
Karla Dent, Real Estate Pro in Mesa, AZ
Karla Dent answered:
Should I, in fact, pursue a deed in lieu of foreclosure?
Perhaps you should call a Real Estate Attorney. Ask if they consult for the 1st visit for free. It seems this is more complicated than what any of us can answer in a 'simple form ... more
0 votes Share Flag Thu May 5, 2011 Foreclosure in 85207
Dp2, Other/Just Looking in Virginia
Dp2 answered:
Landlord denies he is in default and is not willing to work with us.
You might want to contact an attorney--especially if you want/need to get your security deposit (if any) back.
0 votes Share Flag Wed Apr 13, 2011 Foreclosure in 85207
Patrick Beri…, Real Estate Pro in Seattle, WA
Patrick Beringer answered:
Our mortgage company turned us down for a loan modification and advised us to pursue a short sale. Can we still get a mortgage if we do that?
Many loan mods end up being temporary fixes and a lot of these homeowners end up facing foreclosure. The silver lining to your bad situation is that your lender appears to be proactive ... more
0 votes Share Flag Wed Mar 30, 2011 Foreclosure in Mesa
John Sacktig, Real Estate Pro in New Jersey, NJ
John Sacktig answered:
okay my other question is do i still pay my rent because the landlord says i have to but the house is on forclosure and he says it is not
Hi Lucy, you have a lease that states you will pay the landlord for the rent. Period.

Just becasue the home is in foreclosure does not mean that you get a free ride. What do you kno ... more
1 vote Share Flag Thu Dec 30, 2010 Foreclosure in Mesa
Derek W, Real Estate Pro in Mount Vernon, NY
Derek W answered:
i am renting a home in mesa i always on time with my payments and now i find out the house is onforclosure what can i do
Even though the property is in foreclosure, the courts will require you to maintain current rental payments. You can review the rights of tenants living in foreclosure homes by clickin ... more
0 votes Share Flag Wed Dec 29, 2010 Foreclosure in Mesa
James Wehner, Real Estate Pro in Scottsdale, AZ
James Wehner answered:
yes but my lease was up in october and he did not want to do another cotract so thier is no more cotract
Yes, you still have to pay rent to the landlord as long as you are living there even though the previous lease agreement has expired. Since the lease was not renewed, you are still obli ... more
0 votes Share Flag Wed Dec 29, 2010 Foreclosure in Mesa
Lebau, Other/Just Looking in Los Angeles County, CA
Lebau answered:
My house is "worth" $250k but my mortgage is $410K. Should I walk away?
thanks ron you really brought a tear to our eye
0 votes Share Flag Fri Dec 3, 2010 Foreclosure in 85215
D Steves, Home Buyer in Mesa, AZ
D Steves answered:
I foreclosed a property in AZ a year and half ago thru Deed of Trust Sale. Can a 2nd mortgage (revolving line of credit) come after their losses?
We did receive a cancellation of debt last year for our Tax return. Does that matter at all? If it was a conventional loan that was used to pull the equity would that make a difference, ... more
0 votes Share Flag Thu Dec 2, 2010 Foreclosure in Mesa
Jason Whaley, Real Estate Pro in Mesa, AZ
Jason Whaley answered:
Home I'm renting is in foreclosure in October 13... I want to move out.. What's should I do?
I am in no way giving you legal advice, but if no one is picking up the phone including your Landlord, I would wait until someone comes knocking on your door. At this point, I would gue ... more
0 votes Share Flag Fri Oct 22, 2010 Foreclosure in Mesa
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