Foreclosure in 23462 : Questions & Answers

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Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
why wouldnt a bank want to get rid of a non producing asset such as a short sale in timely manner?
Because they lose money on it when they do. Would you like to give up $100,000? I doubt it and a bank is no different. Often they will foreclose so they can take over the house, move ou ... more
0 votes Share Flag Sun Feb 26, 2012 Foreclosure in Virginia Beach
Pamela Hunt, Real Estate Pro in Virginia Beach, VA
Pamela Hunt answered:
I am a retired Navy vet and I am facing immediate forclosure by my second mortgage co. are there any programs that will help?
Pete;
Call an attorney first thing Monday morning. He/She can advise you on what you need to do to stop the sale. Don't delay!! If you need a referral to a real estate attorney ... more
0 votes Share Flag Mon Nov 21, 2011 Foreclosure in Virginia Beach
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
How can I stop a forclosure with a set date of 25 Nov.?
Consider consulting with an attorney who specializes in real estate as to any legal options; most professionals do offer a free consultation, or if you cannot afford one, contact your l ... more
0 votes Share Flag Mon Nov 21, 2011 Foreclosure in Virginia Beach
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
How to you go about purchasing a foreclosure house that is up for auction?
You would need to bit at the auction like everyone else - typically auctions (at least here in California) require you have certified funds before you can bit, as well as the remainder ... more
0 votes Share Flag Tue Jul 5, 2011 Foreclosure in 23452
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
I thought that I saw this home as a foreclosure somewhere else online. Because it has been removed does that mean isnt available to buy as a foreclosu
I am not sure what you mean by foreclosure since that is a process and nothing else. It can be near foreclosure, in foreclosure or foreclosed. Once it goes through the foreclosure aucti ... more
0 votes Share Flag Thu May 5, 2011 Foreclosure in Virginia Beach
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
The house I rent is up for auction on Weds. The landlord wants money and keeps saying it's been resolved but the notice is still up? Please
You can check local public records, county court house, county recorder, or simply contact any local agent/realty office, they all have access to the same information.
0 votes Share Flag Fri Apr 1, 2011 Foreclosure in Virginia Beach
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
My home was sent to a lawyer yesterday for forclosure. How much are they allowed to charge me to make the loan right again? Thanks JohnJohn
That's a question that only a lawyer can precisely answer. However, the general answer is: A lot. You start with the overdue payments, of course. Add in extra interest. Add in pena ... more
0 votes Share Flag Fri Apr 1, 2011 Foreclosure in Virginia Beach
Jon McAchran, Real Estate Pro in Virginia Beach, VA
Jon McAchran answered:
What happens if I stop paying on a mortgage for a Timeshare?
I would highly suggest contacting an attorney for this question. No real estate or mortgage professional is going to be able to answer it properly in my opinion... and is probably why ... more
0 votes Share Flag Sat Mar 21, 2015 Foreclosure in Virginia Beach
Patrick Thies…, Real Estate Pro in Elmhurst, IL
Patrick Thies SFR, CNC answered:
How long is the process to purchase a REO piece of property?
It depends on the bank and how many properties they are handling. REO properties are quicker then short sales because you are dealing with the bank directly and not going through the c ... more
0 votes Share Flag Tue Apr 27, 2010 Foreclosure in Virginia Beach
Ralph Windsc…, Real Estate Pro in Hauppauge, NY
Ralph Windschuh answered:
How can I save this property from foreclosure?
I would speak to an attorney to see if he/she can negotiate a settlement with the bank or stall the foreclosure proceedings. Otherwise, I would think you would need to sell the propert ... more
0 votes Share Flag Tue Sep 29, 2009 Foreclosure in Virginia Beach
Susan J. Kle…, Real Estate Pro in Virginia Beach, VA
Susan J. Klein answered:
Will a bank take $350k for a $600k home if there was nothing inside of it?
Hi Stuck:

Document and photograph all damage and missing fixtures and submit it with your offer so that the bank sees the condition of the house. The banks usually will get a Broker ... more
0 votes Share Flag Sun Aug 2, 2009 Foreclosure in Virginia Beach
Keith Manson-…, Real Estate Pro in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
I want purchase foreclosure and leave my $300G home (20G eqty) behind to live Mortgage free life. Any advice?
You may want to investigate this a little further. People did this back in the 80's in the oil belt. The thing that you have to consider is a couple things when you move you will want ... more
0 votes Share Flag Sun Mar 1, 2009 Foreclosure in 23452
Jane  Taylor, Home Buyer in Ware Shoals, SC
Jane Taylor answered:
Are there Realistate Companies that need Professional Cleaning Services for Forclosed Homes?
So what was the question? This looks like an ad for your cleaning company. Just sayin!
0 votes Share Flag Tue Sep 4, 2012 Foreclosure in 23452
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
where can i own a house by only paying the back taxs and no mouthy fee?
Good luck back taxes usually the lender it notified via county tax office that no payment had been received and mortgage company will pay on behalf of property owner then work these iss ... more
0 votes Share Flag Tue Feb 24, 2009 Foreclosure in 23455
Jon McAchran, Real Estate Pro in Virginia Beach, VA
Jon McAchran answered:
What help is recommended when purchasing a property from a foreclosure auction?
A hard money lender would be good for a foreclosure in need of repair and provide the ability to close quickly. But it's always good to educate yourself as much as you can. I'd start ... more
0 votes Share Flag Sat Dec 27, 2008 Foreclosure in 23455
Danilo Bogda…, Real Estate Pro in Reston, VA
Danilo Bogdanovic answered:
Buyers market...
What you bid on a house is figured out on a case-by-case basis. The homes that extremely well priced can (and will) have mutliple offers on them within a week while others that are over ... more
0 votes Share Flag Wed Jun 30, 2010 Foreclosure in Virginia Beach
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