Foreclosure in Waldorf : Questions & Answers

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Miekeba Jones, Real Estate Pro in 20903
Miekeba Jones answered:
Fed Gov employee working overseas with Underwater house in the U.S. Do I have any options to short sale, short refi, etc?
Hi Digitalarmsdealer, consult a Realtor and your lender to get an accurate current market price of the home. Keep in mind that when you do a short sale you will not have good credit fo ... more
0 votes Share Flag Thu Aug 1, 2013 Foreclosure in 20601
Akil Walker, Real Estate Pro in Bowie, MD
Akil Walker answered:
If I win a bid on a foreclosure, and the appraisal is much lower can I lower my offer to that appraisal?
Yes, typically your lender will not provide a loan for more then the house appraised for.

Good luck
0 votes Share Flag Mon Feb 25, 2013 Foreclosure in Waldorf
Geoffrey Gra…, Real Estate Pro in Waldorf, MD
Geoffrey Grandison, Broker answered:
I placed a bid on a bank owned foreclosure. How many day does it take to get a answer?
When you get in the purchasing a foreclosure or short sale game, your at their mercy of the bank. So if TIME is of any importance to you, purchase a property that is not a foreclosure o ... more
0 votes Share Flag Sat Feb 16, 2013 Foreclosure in Waldorf
Akil Walker, Real Estate Pro in Bowie, MD
Akil Walker answered:
I want to counter a counter-offer on a REO property. I want to raise the offer and ask for seller to pay closing. What are my chances?
Hey Cheryl,


I would check with your lender to see if they a program for downpayment assistance i.e. CDA (community development assistance). Wells Fargo has a program for down payme ... more
0 votes Share Flag Mon Nov 7, 2011 Foreclosure in Waldorf
Bill Wootan's…, Real Estate Pro in Waldorf, MD
Bill Wootan's Team One answered:
Need lowest comps for area adress/ in Waldorf, Md (Thanks)
Send me your email address and I will put you on our weekly investor mailing list - its free so it fits with your cheap - lol - and we have monthly investor seminars - again free, and i ... more
0 votes Share Flag Fri Jul 11, 2008 Foreclosure in 20601
Akil Walker, Real Estate Pro in Bowie, MD
Akil Walker answered:
What is the short sale process and how long will it take?
Hi Lawana,

The short sale process timeframe can vary from property to property, lender to lender and thus from either the buyer or seller perspective.

if you list it for a short ... more
0 votes Share Flag Thu Nov 29, 2007 Foreclosure in Waldorf
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