Foreclosure in Scottsdale : Questions & Answers

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Lisa Markham, Real Estate Pro in Tucson, AZ
Lisa Markham answered:
If my ex-husband files bankruptcy what happens to the loan and house? The mortgage loan is solely in his name, but house was Quit Claimed to me.
My apologies, I did not see the additional information you posted about the payments being current and wanting to keep the property. Call me to discuss, I think I can help you.

Lisa ... more
0 votes Share Flag Mon May 5, 2014 Foreclosure in 85257
Eric Clyne, Real Estate Pro in Scottsdale, AZ
Eric Clyne answered:
Why won't an agent work with someone who owns his home and wants to sell and invest or buy a foreclosure?
I would think if you own the home free and clear it would make the process a little easier. Reasons for
agents not wanting to work with you could be future financing issues, location ... more
0 votes Share Flag Thu Apr 24, 2014 Foreclosure in 85257
Camille Swan…, Real Estate Pro in Phoenix, AZ
Camille Swanson answered:
I need an agent who is a FORECLOSURE Specialist to help me buy a foreclousue. How can I find on for South Scottsdale, AZ?
If you haven't contacted my colleague, James (great agent), I can also help. I worked nearly exclusively as a Fannie Mae List Agent from 2009 to 2013 and closed 150 homes, from Fannie & ... more
1 vote Share Flag Thu Apr 3, 2014 Foreclosure in South Scottsdale
Lisa Markham, Real Estate Pro in Tucson, AZ
Lisa Markham answered:
How can a home buyer speed up the process of buying a shortsale or foreclosure?
Purchasing a home through a short sale can be a very lengthy process; when I was an Escrow Officer, i closed many of them. The key to success is making sure the lender for your loan and ... more
0 votes Share Flag Thu Mar 27, 2014 Foreclosure in South Scottsdale
Jennylandkha…, Home Buyer in Scottsdale, AZ
Jennylandkhamis@hotmail.com asked:
List óctions scottsdale az
0 votes Share Flag Fri Nov 1, 2013 Foreclosure in Scottsdale
J.R. Thrasher, Real Estate Pro in San Diego, CA
J.R. Thrasher answered:
My house is in foreclosure and the 2nd mortgage is in first place lien. Do I stop paying on the 2nd mortgage?
If you have equity then you are going to get foreclosed on by either the first or the second. If there is no equity sometimes seconds will not foreclose if the first is current, but you ... more
0 votes Share Flag Thu Sep 26, 2013 Foreclosure in Scottsdale
Jonathan Dal…, Real Estate Pro in Phoenix, AZ
Jonathan Dalton answered:
Can I finance a bid at a foreclosure auction in ARIZONA?
It sounds like you're talking about the trustee's sale on the courthouse steps ... if you have the high bid, you have to provide a $10,000 cashier's check that is non-ref ... more
0 votes Share Flag Sun Sep 22, 2013 Foreclosure in 85250
James Wehner, Real Estate Pro in South Scottsdale, Sc...
James Wehner answered:
Me ex husband wants to file bankruptcy. He says he can do this without it affecting me. Is this true?
As the others have mentioned, you will need to consult with your attorney and accountant. Everyone's situation is different. You will need legal and financial advice regarding your spec ... more
0 votes Share Flag Fri Jan 4, 2013 Foreclosure in 85257
Jim Mitchell, Real Estate Pro in Arizona
Jim Mitchell answered:
We are purchasing a bank owned property. loan funded this past Friday, but the seller(also the same bank as is lending us $) hasn't signed the
Possession takes place upon the recording of title at the country recorder's office, NOT upon funding of your loan. Your buyer's agent and the title/escrow officer should make you awar ... more
0 votes Share Flag Mon Dec 3, 2012 Foreclosure in Scottsdale
Katie Halle…, Real Estate Pro in Scottsdale, AZ
Katie Halle Lambert answered:
Are there any foresclosed homes in DC Ranch?
Yes there are. I can get my hands on them prior to being listed in the MLS.
0 votes Share Flag Sat Oct 27, 2012 Foreclosure in Scottsdale
NAPLES REAL…, Real Estate Pro in Naples, FL
NAPLES REAL ESTATE GUYS answered:
Are "ALL" bank-owned homes listed on the MLS, or do we need to buy "lists" showing them?
Good question. Read this http://www.naplesrealestateguys.com/blog/foreclosure-scams-and-short-sales-what-you-need-to-know/
0 votes Share Flag Thu Oct 4, 2012 Foreclosure in Scottsdale
Brenda Cunni…, Real Estate Pro in Gilbert, AZ
Brenda Cunningham answered:
Unpaid HOA dues, Chapter 13, and Co-signer Protection
You will want to speak with an attorney on this. Most people answering here won't be qualified to answer your questions.
0 votes Share Flag Wed Sep 5, 2012 Foreclosure in Scottsdale
Sherri, Home Seller in Gilbert, AZ
Sherri answered:
I just had a short sale denied at $417k. The bank foreclosed and listed the home for $409k. Are the banks receiving insurance money on foreclosures?
Crazy as this sounds. I have been trying to sell my house via a short sale for over a year. There have been two appraisals and two BPO's in the last year. The value is up $100K from ... more
0 votes Share Flag Sat Apr 7, 2012 Foreclosure in Scottsdale
Joani Frankel, Real Estate Pro in Scottsdale, AZ
Joani Frankel answered:
Hi, I just registered for one week trial membership. How can I review the full details of the properties advertised by Reatly Trac? Thanks.
Erev Tov Shoshi!

Realty Trac is it's own entity and you must deal with their service reps to answer your question. You ARE welcome at any time to search the full MLS database a ... more
0 votes Share Flag Wed Jan 18, 2012 Foreclosure in Scottsdale
Spirit Messi…, Real Estate Pro in 85716
Spirit Messingham answered:
How do I get more info on the public auctions? Interested in the E. Raintree, Scottsdale AZ one.
Good answer Alicia. I would also like to add, are you able to purchase cash? Trustee Sales need to be paid for within 24 hrs in cash. The general public hears words like auction, for ... more
0 votes Share Flag Wed Nov 2, 2011 Foreclosure in Scottsdale
Cristine L M…, Real Estate Pro in 85331
Cristine L Masson answered:
Ex quit claimed property after child support contacted him, then sues over property division because I won't close case. Is QC legal?
all a quit claim is is the release of equity position in the property but does not absolve from note (financial) obligation from the lender
need to ask an attorney re: legalities
0 votes Share Flag Tue Nov 1, 2011 Foreclosure in 85257
Robert Quinn, Real Estate Pro in Scottsdale, AZ
Robert Quinn answered:
My condo was foreclosed on, the 1st shows as such but the 2nd, which happens to be a HELOC, is showing as deficient. Am i responsible for the HELOC?
No, you should not be responsible for the Heloc as long as the entire sum of the loan was purchase money. With that said, there are other conditions such as the home having to be a sing ... more
0 votes Share Flag Thu Jul 21, 2011 Foreclosure in Scottsdale
Ann Griffin, Real Estate Pro in Mesa, AZ
Ann Griffin answered:
I have land and thinking to foreclose. Can the bank can ask for judgment against us for the lost? Any advise Please.?
Hi Daphne. My collegues have given you helpful advice below. However, be aware that you don't make the decision to foreclose, the bank does. Do get an attorney's advice so you ... more
0 votes Share Flag Sat Jul 9, 2011 Foreclosure in 85262
Scottsdalesc…, Real Estate Pro in Scottsdale, AZ
Scottsdalescott answered:
I'm in a terrible situation. My husband is terminally ill, and if he dies I can't pay the mortgage or sell our house in Scottsdale, Arizona.
Also, very sorry to hear about your husband and the position you find yourself in. Think about the short sale and make sure you transfer your accounts out of the bank that holds your m ... more
0 votes Share Flag Wed Mar 30, 2011 Foreclosure in Scottsdale
TerriVellios…, Real Estate Pro in Campbell, CA
TerriVellios.Com answered:
I quit claimed our home, then me and my husband divorced before he declared bankruptcy. Home is now in foreclosure. Am I liable?
This is a legal question which should be answered by your Divorce attorney and possibly a real estate attorney.

Generally a quit claim only relieves any ownership claim to the prop ... more
0 votes Share Flag Tue Mar 22, 2011 Foreclosure in 85257
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