Foreclosure in 27627 : Questions & Answers

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Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
I have started a cleaning business cleaning foreclosures and i want to know is this a profitiable business.
Ummm . . . what???

You've started the business and NOW you want to know if it's profitable?

Kind of backwards, don't you think? What research did you do before starting the busine ... more
0 votes Share Flag Tue Nov 13, 2012 Foreclosure in Raleigh
Ernie Behrle, Real Estate Pro in Raleigh, NC
Ernie Behrle answered:
Bank & HOA filed foreclosure proceedings in North Carolina
I will just say that this is probably not the forum to answer these questions as Realtors are NOT qualified to offer legal advice. I would ask you to consult an attorney familiar with ... more
0 votes Share Flag Mon Sep 10, 2012 Foreclosure in Raleigh
Tim Burrell, Real Estate Pro in Raleigh, NC
Tim Burrell answered:
How do I register for a free trial with RealtyTrac to access complete information for foreclosed properties?
Go to www.RealtyTrac.com and look at the upper right corner. Click on Free Trial. However, you may not be happy with the results. Realty Trac is good in other parts of the United Stat ... more
0 votes Share Flag Wed May 16, 2012 Foreclosure in Raleigh
Venita Peyton, Real Estate Pro in Raleigh, NC
Venita Peyton answered:
I'm considering a foreclosed property in Johnston Co, NC. Taxes are steep, based on original value. Can I appeal taxes in due diligence period?
No. You'll have to purchase and close at the current taxable amount. You can appeal only after taking ownership. This is typical with some foreclosures. You may want your Buyer Age ... more
0 votes Share Flag Thu Feb 2, 2012 Foreclosure in Raleigh
Drew Ludlow, Real Estate Pro in Apex, NC
Drew Ludlow answered:
i thought i had a fha loan in 2007 but i found out in 2008 when countrywide loans where transferred to bach that i had a conv. i do not have the note.
Seeknchange,

What is your question?

Regarding short sales, the process for an FHA short sale is very different than that of a conventional. FHA short sales may be 'pre-app ... more
0 votes Share Flag Thu Jan 20, 2011 Foreclosure in Raleigh
Linda Cromar…, Real Estate Pro in Chapel Hill, NC
Linda Cromartie answered:
Foreclosed Property in Raleigh MLS 1749291
It is a foreclosed property which has been on the market for a little over 90 days. The only true way to know what it would sell for is to make an offer. Its l;ast recorded value was ... more
0 votes Share Flag Tue Dec 28, 2010 Foreclosure in Raleigh
Sarah Tingen, Real Estate Pro in Raleigh, NC
Sarah Tingen answered:
Are their any foreclosures in the Wake County/Johnston County area around $70-80K that look nice? Thanks
Hey Rainy, You can search for foreclosures free at http://raleighrealestatedirectory.com under advanced options just check the foreclosure box. There are PLENTY of homes for 70-80k!!!!! ... more
0 votes Share Flag Mon Jul 26, 2010 Foreclosure in Raleigh
David Chiles, Real Estate Pro in Los Angeles, CA
David Chiles answered:
Is it really possible to purchase a foreclosed home that does not look like a complete "dump"? ie...do any of you guys know of any cases?
Rainy, thank you for your question about foreclosure homes. Please be advised that purchasing a foreclosure property is a difficult process. There are some good deals on foreclosure h ... more
0 votes Share Flag Tue Aug 10, 2010 Foreclosure in Raleigh
Susan Crawfo…, Real Estate Pro in North Carolina
Susan Crawford answered:
My rental has been forclosed upon and I would like to move out now instead of continuing my lease and paying the bank. Can I do this?
Hi Joan! What an awful predicament you have been put into and I deeply feel for your situation. My suggestion would be to consult a real estate attorney with a copy of your lease in h ... more
0 votes Share Flag Mon Feb 8, 2010 Foreclosure in Raleigh
Victory Real…, Real Estate Pro in Wilmington, NC
Victory Realty Property Mgt. answered:
QUESTION FOR A LAWYER.
You would definitely have to consult a lawyer but in a lawsuit there must be damages, and I dont know that you would be able to prove that there were any damages since the sale did not ... more
0 votes Share Flag Tue Dec 17, 2013 Foreclosure in Raleigh
LAWRENCE &am…, Real Estate Pro in 11787
LAWRENCE & SHEILA AGRANOFF answered:
When do I start looking for a home if I plan to buy in two years and what do I have to present to the bank?
Sean, Speak to a Mortgage Specialist...in most cases, this is a free service, and see what they recommend for your circumstances. They will be able to suggest what you will be able to a ... more
0 votes Share Flag Wed Oct 29, 2008 Foreclosure in Raleigh
Larry Story, Real Estate Pro in 27408
Larry Story answered:
I live in the Raleigh NC area. I would like to find someone on the verge of bankruptcy who is desperate to
Eric, you can try that would basically be a short sale. You will either be negotiating away their equity or negotiating with the bank for them to take less then what is owed on the hom ... more
0 votes Share Flag Sun Jul 20, 2008 Foreclosure in Raleigh, NC
Jonathan Osm…, Real Estate Pro in Charlotte, NC
Jonathan Osman answered:
Should I lower the asking price on my townhouse?
Before you lower the price, you need to get with your Realtor to find out what's happening in your home's local market. How many homes have sold in your neighborhood since yours has be ... more
0 votes Share Flag Thu Dec 20, 2007 Foreclosure in Raleigh, NC
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