Foreclosure in Seattle : Questions & Answers

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Elizabethhmc…, Home Buyer in Seattle, WA
Elizabethhmcalpine asked:
Is this foreclosure still available?
0 votes Share Flag Wed Feb 10, 2016 Foreclosure in Columbia City
Kary Krismer, Real Estate Pro in Renton, WA
Kary Krismer answered:
I'm new to all of this and looking to buy my first home - how do I look at a foreclosed home?
If you mean a house that has already been foreclosed, and is thus now owned by the bank, it will eventually go on the market. Trying to buy it prior to then can be problematic because ... more
0 votes Share Flag Fri Feb 5, 2016 Foreclosure in Minor
Dan Tabit, Real Estate Pro in Issaquah, WA
Dan Tabit answered:
Just bought a foreclosure and the hoa is trying to charge me 6 months past dues even though the previous 6 months of dues have been paid.
As long as they aren't using a weapon to compel you it may be legal to ask. Realize that as a member of the HOA, you are a partial owner of the common areas that the dues are ... more
0 votes Share Flag Sat May 9, 2015 Foreclosure in Seattle
Vikram Deol, Real Estate Pro in Bellevue, WA
Vikram Deol answered:
I'm interested in looking at a home, who do I contact for more information?
You need an agent. My team can help you
0 votes Share Flag Sun Feb 22, 2015 Foreclosure in North Admiral
Kary Krismer, Real Estate Pro in Renton, WA
Kary Krismer answered:
is it illegal to contact people in pre foreclosure?
The distressed property law may prohibit it in some instances, or further transactions which might result--I don't remember what it was like after amendment. Those amendments pretty mu ... more
0 votes Share Flag Tue Feb 17, 2015 Foreclosure in Seattle
Kary Krismer, Real Estate Pro in Renton, WA
Kary Krismer answered:
Hi there! looking for a great positive agent in the seattle area who deals with $0 - $200k foreclosures on a regular basis. Thanks!
This is the second time in 12 hours I'm going to give this answer: "Do you mean houses owned by the bank? If so, I would not limit yourself to them. I used to do a fair amount of REOs, ... more
1 vote Share Flag Tue Oct 28, 2014 Foreclosure in Seattle
Kary Krismer, Real Estate Pro in Renton, WA
Kary Krismer answered:
What is the point of having a 5.5% BK fee for someone Short Selling their house? What is the Actual benefit to the Distressed Property Owner?
I'd like to expand on something Dan brought out, that was implied in the original question--that agents are convincing people to file bankruptcy. As Dan correctly points out, that is n ... more
0 votes Share Flag Wed Sep 10, 2014 Foreclosure in Seattle
Annette  Law…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence answered:
I won the bid at shortsale auction but the seller has been uncooperative but the house is still on MLS. When does it go to?
If you 'won the bid' follow the procedures dictated by the auction company.
Unless of course you were simply a pawn in a 'valuation' process.
If you were a represented buyer in the au ... more
0 votes Share Flag Tue Aug 12, 2014 Foreclosure in 98144
Oscar Gonzal…, Real Estate Pro in Norwalk, CA
Oscar Gonzales answered:
I am new to Trulia. Agents has it been worth it?

So far Trulia has been great for my business. Make sure you stay active on the blogs and advice sections, bring your Profile to 100% and be patient you never know when you'r ... more
0 votes Share Flag Mon May 12, 2014 Foreclosure in 98133
Ray Akers, Real Estate Pro in Seattle, WA
Ray Akers answered:
I am renting a condo that is up for auction july 18 do mostly investors buy these or a general person. and should I be planning on finding a new pl
Contact the Seattle Tenants Union, and bring a copy of your lease agreement. There is no way to know if the future owner of your condo will be an investor (who needs a tenant) or an ow ... more
0 votes Share Flag Sat May 10, 2014 Foreclosure in 98133
Peter Nelson, Real Estate Pro in Seattle, WA
Peter Nelson answered:
Do past HOA dues carry over to new owner of a foreclosed home?
I am no lawyer. But my experience and understanding of the law from having purchased foreclosure condos at auction is that the new owner can be held responsible for up to 6 months of p ... more
0 votes Share Flag Wed Apr 9, 2014 Foreclosure in Seattle
Dave  Skow, Real Estate Pro in Seattle, WA
Dave Skow answered:
Fannie Mae listing question

Kathy –

Have you been able to locate and purchase a property yet? Do you still need any assistance ?

Dave Skow - WA MLO #278613
Eagle Home Mortgage
w 206 71 ... more
0 votes Share Flag Thu Apr 3, 2014 Foreclosure in Seattle
Eric Anderson, Real Estate Pro in Renton, WA
Eric Anderson answered:
do yall help people with bad credit to buy a home?

Great question! Having bad credit can be a hindrance to purchasing a new home, but it really depends on what your credit situation is. The best thing to do would be to m ... more
0 votes Share Flag Tue Feb 11, 2014 Foreclosure in Seattle
tani.zamora, Other/Just Looking in Seattle, WA
tani.zamora answered:
how i get apllicatio to clean the house up?
Hi Juana,
I am looking for licensed and bonded contractors/handyman in your area. Types of work we need performed but are not limited to; lock changes, trash outs, grass cuts, bids, re ... more
0 votes Share Flag Wed Feb 5, 2014 Foreclosure in Seattle
George Brain, Real Estate Pro in Seattle, WA
George Brain answered:
Need private money lender or HML for house in state of WA. and in foreclosure. Need help.
feel free to contact me directly.
where is your house at?
George 206 954 5739
real estate broker
0 votes Share Flag Thu Jul 11, 2013 Foreclosure in Seattle
Johan Tong, Real Estate Pro in Seattle, WA
Johan Tong answered:
Have a condo in washington state, now just now owed by fannie mae. I have no I deal what the next step is, my phone have been ringing off
Hi Maybb64,

One thing to remind you if you have missed a payment and received the NOD. You have only 20 days after receiving NOD to respond to a mediation. I understand the stress wh ... more
0 votes Share Flag Thu Apr 18, 2013 Foreclosure in Seattle
Steve McDona…, Real Estate Pro in Seattle, WA
Steve McDonald answered:
If a house is foreclosed on then resold at auction and the sale is pending, when does the renter have to pay rent to the new landlord?
Sorry about your situation. Do I understand you correctly that the first position lienholder (bank) foreclosed on the house some time ago and then used an auction to sell the property r ... more
0 votes Share Flag Wed Feb 6, 2013 Foreclosure in 98103
Stormygreen1, Home Buyer in Seattle, WA
Stormygreen1 answered:
In WA, who owes the HOA dues in a foreclosure when there is a lien on the property for them?
You made a commitment to the bank and to the HOA when you purchased the property. Your name is on the title until the auction has been completed, therefore you are responsible. The co ... more
0 votes Share Flag Sat Aug 25, 2012 Foreclosure in Seattle
Ardell Della…, Real Estate Pro in Kirkland, WA
Ardell Dellaloggia answered:
Is it common practice for Fannie Mae to refuse to negotiate on a Homepath home if major (not cosmetic) problems are found at inspection?
It is actually true of any home purchase that you may have the right to cancel on inspection, but you don't have the right to insist on any changes on the seller's part from the origina ... more
0 votes Share Flag Tue Aug 7, 2012 Foreclosure in Seattle
Ken Urman, Real Estate Pro in Mercer Island, WA
Ken Urman answered:
REO Clouded Title
There are many possibilities. In this case the delay may have been related to the method and procedure of foreclosure. Occasionally with REO properties the seller holds up the transacti ... more
0 votes Share Flag Tue Jul 31, 2012 Foreclosure in Seattle
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