Foreclosure in Peoria : Questions & Answers

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Kory Hall, Real Estate Pro in Peoria, AZ
Kory Hall answered:
During a foreclosure in Arizona, what can a bank due to the borrower who has taken a second mortgage out?
This is something that you need t discuss with legal council.
0 votes Share Flag Tue Jan 28, 2014 Foreclosure in 85382
Kim Cillessen, Real Estate Pro in Phoenix, AZ
Kim Cillessen answered:
Can a foreclosure process on one home affect a second home?
You'll want to talk to both an attorney and a CPA as there can also be tax implications as well. If the Arizona home is your primary residence that is usually a better situation. I th ... more
0 votes Share Flag Fri Jan 17, 2014 Foreclosure in 85383
richardbrown…, Home Buyer in New York, NY
richardbrown6333 answered:
can i walk away from a second mortgage?
Second mortgage is an ideal solution only if you really need it. However, I still believe that before applying for a personal loan such as 2nd mortgage,

http://www.reversemortgagele ... more
0 votes Share Flag Mon Sep 23, 2013 Foreclosure in Castle Rock
Chris and Mi…, Real Estate Pro in 85383
Chris and Michelle Spalding answered:
I paid for and installed a photovoltaic system on my home. Now I have to walk and want to take the system with me. I am in Arizona. I paid for it and
As everyone else has mentioned, its always best to leave the house with as many functioning warrantied items as possible. If this system is unique to you and you ensure that any damaged ... more
1 vote Share Flag Wed Dec 26, 2012 Foreclosure in 85382
* Loren Hoboy…, Real Estate Pro in Goodyear, AZ
* Loren Hoboy * answered:
Who is in charge of landscaping on a foreclosed commercial building?
As has been stated, the new owner (the bank) , is responsible.

In some cases they may retain the previous property manager on a large commercial building, otherwise they will general ... more
0 votes Share Flag Tue Jun 19, 2012 Foreclosure in Peoria
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
If I agree to a deed in lieu of forclosure with my lender here in AZ, can the lender go after me for any deficiency ?
When in doubt confer with an attorney

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors ... more
0 votes Share Flag Tue Mar 8, 2011 Foreclosure in Peoria
Jynette Will…, Renter in Columbus, OH
Jynette Williams answered:
can you sue your landlord for taking rent monies and not paying on house. foreclosure notice on door but not told by landlord what was happening
Can you sue your landlord for taking to for non payment of rent and she lose and deforming your name to your neighbors, over charging you money, treating you if you don't pay
0 votes Share Flag Wed Jan 19, 2011 Foreclosure in 85382
David Jaffe-…, Real Estate Pro in 60004
David Jaffe- CDPE SRES answered:
How can I get OUT of foreclosure? I have called my bank, I have called HUD to make appointments, I've done everything to no avail... HELP
There are several steps you need to follow to avoid foreclosure. How far along is the bank in the foreclosure process? If you are only a few months behind, do you have the financial m ... more
0 votes Share Flag Tue Nov 23, 2010 Foreclosure in 85345
Occasio Real…, Real Estate Pro in 85205
Occasio Realty answered:
How can I buy foreclosed homes in Phoenix/Peoria area?
If you want to buy at the court house steps, be prepared to pay $10,000 the moment you win the bid, and the remaining balance in cash by 5pm the next day. Also, you won’t get an ... more
0 votes Share Flag Tue Nov 9, 2010 Foreclosure in Peoria
David Chiles, Real Estate Pro in Los Angeles, CA
David Chiles answered:
how do you buy the forclosure auction home. What steps do you need?
Thank you for your question about purchasing a home at an auction. Please be advised that the process is different depending on what type of auction it is. Futhermore, it may not be w ... more
0 votes Share Flag Wed Nov 3, 2010 Foreclosure in 85381
James Wehner, Real Estate Pro in South Scottsdale, Sc...
James Wehner answered:
I AM A TENANT OF A OWNER LANDLORD THAT IN FORCLOSURE WHICH WILL BE AUCTIONED IN SEPT. 2010 DO I HAVE TO KEEP MAKEING PAYMENT WHEN THE CREDIT UNOIN AP
The house is still your landlord's until the trustee sale takes place. At that point either a 3rd party or the foreclosing lender will take ownership of the home. In most cases the ... more
0 votes Share Flag Tue Nov 2, 2010 Foreclosure in 85381
James Wehner, Real Estate Pro in South Scottsdale, Sc...
James Wehner answered:
where do I find the forclosure home list in the zip code I want?
You can view lists of foreclosed home from my website at:

http://www.jameswehner.com

You can also search for pre-foreclosure homes from the MLS link near the top of the homepage. ... more
0 votes Share Flag Tue Nov 2, 2010 Foreclosure in 85381
James Wehner, Real Estate Pro in South Scottsdale, Sc...
James Wehner answered:
My landlords house went in to foreclsure and is going to be actioned september 28 ,2010. My questin is do I have to pay him the September rent ?
The house is still your landlord's until the trustee sale takes place. At that point either a 3rd party or the foreclosing lender will take ownership of the home. In most cases th ... more
0 votes Share Flag Tue Nov 2, 2010 Foreclosure in 85381
Nancy Doyle…, Real Estate Pro in Cape Coral, FL
Nancy Doyle 239-209-2237 answered:
is the property below truely 58,500 or is there a digit missing? http://www.trulia.com/foreclosure/3022231499--N-99th-Ln-Peoria-AZ-85383
This could be another realty trac listing... They post many listings well below the actual price to get you to purchase service from them.
0 votes Share Flag Thu Sep 2, 2010 Foreclosure in 85383
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
A home is up for auction. Renters are in the house Do I need to give them a 90 day eviction notice to leave
You do need give them notice prior to auction. Proper thing to do if not tenant could end up having loss of their entire personal belongings would be sad for them

They are still ob ... more
1 vote Share Flag Wed Mar 31, 2010 Foreclosure in Peoria Heights
Paul Welden, Real Estate Pro in Phoenix, AZ
Paul Welden answered:
what are the tax implications of a short sale vs. foreclosure on the deficiency balance of mortgage?
Hi Sal,

You may get a 1099-MISC form for the deficiency balance showing that amount as additional earned income. However, on the HELOC, that lender may be able to sue you for the bal ... more
0 votes Share Flag Mon Apr 27, 2009 Foreclosure in Peoria
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