Nicely done Kimberly! The only government insured loan program that has a work around a CAIVRS Claim is the FHA Back to Work Program. Under this program, we the lender request a "Credit Waiver" from the the Washington DC HUD Office but his can take several weeks, so if you apply for the BTW this needs to be done in a timely manner. Other than that, Lenders have the discretion to proceed after 3 years from the date of the Trustee Sale, but the lenders who will actually do this are few and far between. Most lenders will not make that leap, leaving alternative loan products your only choice.
Summit county sheriff sales are held every Friday at 10 am. The foreclosure dates are a matter of court record. That date has nothing to do with the auction date. The sheriff is currently scheduling sales through next February. You can go onto the sheriff's website to search by street or plaintiff name to find out when or if the property is scheduled for sale yet.
Note that there is very little chance that a member of the public can win one of these auctions. The banks send their attorneys who generally outbid anyone. Remember, they are just there to secure the property for resale by the bank. They are not bidding real money, although they must put the required amounts of money up and eventually pay all of the back taxes in order to take title. On very rare occasion, the bank attorney is instructed not to bid and, sometimes, a property doesn't sell at all. It is taking Summit county at least 8 months to record the deeds.
In other words, you must be prepared with your money down and property tax money and wait a very long time to get ownership. If you do not want to be concerned about further deterioration of a vacant property, you need to be prepared to take care of it for a long time before you actually own it. In the meantime, someone could be living there and you may have to evict someone.... more
I have listed and sold many reo properties over the years. The system is showing one available on Parkgate and one that is already pending. Please give me a call so we may move forward.
Ken Woods Realtor 330-467-7000
Also, when you look at MSL listed properties - keep an eye out for things listed at lower than the area price - as well as anything saying " AS-IS" "Bank owned" or " corporate owned".
In our area especially, I have seen them simply fly to sale - some don't even stay listed 2 days. If you plan on buying one- have your pre-approval and funds ready and have a realtor before you even go to look.... more
The reason for price going up is most probably when the listing agent submitted an offer which is below market price(sometimes way below the market price offer) and after the bank BPO (Broker Price Opinion) came higher than the offered price, may be the bank asked for higher price so at that time that agent listed at bank's given price. You can always check with the listing agent for this changes, may be its of some other reasons.
There are lots of homes are available so keep checking and work with a realtor to help you to find a home. In California, most of the banks are not accepting 100% financing offers for the bank owned properties. I wish you all the best in finding you a home.... more