Foreclosure in 38128 : Questions & Answers

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Bob Brown, Real Estate Pro in Memphis, TN
Bob Brown answered:
Buying a foreclosure
I will have to know the address - please send that to me.

A cash offer might make your offer more attractive usually because you can closed the sale must faster than if you needed a ... more
0 votes Share Flag Mon May 13, 2013 Foreclosure in Memphis
Stephen Ande…, Real Estate Pro in 38002
Stephen Anderson answered:
Why would a Seller ask for a listing price and then turn down an offer for the full amount of the listing price? This house is a foreclosure, btw.
Are you pre approved for the loan? Is the house in good condition? Did you ask for closing cost? Call me! 338 9043
0 votes Share Flag Mon May 13, 2013 Foreclosure in 38104
James and Ke…, Real Estate Pro in Memphis, TN
James and Kenisha Martin answered:
What is the best way to purchase a foreclosure in Memphis?
Find a buyers agent that knows the process of buying a foreclosure in Memphis. A simple search on Trulia will due.
0 votes Share Flag Wed Feb 8, 2012 Foreclosure in Memphis
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
I'm just starting up a trash-out service named Green Clean in the Memphis area we will be doing our part to help the earth.we
Too late for that. You should have done your research before starting the company.

And focus on what you want to accomplish. It's great that you want to do your part to save the ... more
0 votes Share Flag Sun Nov 20, 2011 Foreclosure in Memphis
ToDario Harr…, Real Estate Pro in Memphis, TN
ToDario Harris answered:
I have a HUD contract.I have 15 day from the day it is signed to get an inspection.
First the contract became binding on the date it was executed by HUD. This is when the 15 day period begins. When did they deliver the contract to your agent? Ultimately, you can ask fo ... more
0 votes Share Flag Wed Mar 20, 2013 Foreclosure in Memphis
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
Can a second lien foreclose my home if i filed banruptcy and put the second mortage on cause the house wasn't in my name?
Liz there are alot of variables, first was it your loan? Did you include teh loan in your banktruptcy? If it wasnt your loan, do you own teh house with someone else and it was their loa ... more
0 votes Share Flag Sun Sep 5, 2010 Foreclosure in Memphis
Kathleen (Ka…, Real Estate Pro in Ithaca, NY
Kathleen (Kate) Seaman answered:
Would you offer a $12,000.00 difference then the asking price on a foreclosed home?
It depends on whether there are other offers and what the asking price is. $12,000 less than asking on a property listed for $200,000 is a strong offer. $12,000 less than an asking pric ... more
0 votes Share Flag Tue Mar 30, 2010 Foreclosure in Memphis
Julia Odom, Real Estate Pro in Chattanooga, TN
Julia Odom answered:
if you are making an offer on foreclosed property how do you no where to start negoiations.According to cma it is priced right and needs about
Sorry, there is no standard.

Check out these two blog posts of mine: http://chattanoogalistings.wordpress.com/2009/09/24/making-an-offer-the-exciting-conclusion/
http://chattanooga ... more
0 votes Share Flag Mon Feb 1, 2010 Foreclosure in Memphis
Joe Spake, Real Estate Pro in Midtown, Memphis, TN
Joe Spake answered:
I owe way more than my house is worth. I am thinking about letting my house go into foreclosure. Bank will not accept a short sale.
First let me say that I am not an expert on this issue, but there are agents who are (they are also agents who say they are and are not). I would be happy to refer you to a local agen ... more
0 votes Share Flag Tue May 24, 2011 Foreclosure in Memphis
John Thompson, Real Estate Pro in Memphis, TN
John Thompson answered:
i need a home 3 bedroom and 2 baths my home was foreclosed in december2008 what can i do ? can i buy a?
With a foreclosure so recent, the only option I can think of would be a lease purchase. You could do this with a small amount down and actually be renting and building equity at the sa ... more
0 votes Share Flag Thu Jul 30, 2009 Foreclosure in Memphis
Patty Everitt, Real Estate Pro in Tennessee
Patty Everitt answered:
My husband abd I want to start cleaning and taking care of lawns of foreclosures how do we get started?
Hi, I would attempt to go onto the websites for Countrywide, wells fargo, First Tennessee, etc. and see if there is a phone or email - some type of contact- another idea would be to dro ... more
0 votes Share Flag Thu Jan 27, 2011 Foreclosure in Memphis
Palm Beach G…, Real Estate Pro in Palm Beach Gardens, FL
Palm Beach Gardens Homes answered:
how do you find out the name of the bank for a bank owned property?
From our MLS in Florida there is a link for the tax roll. That is where I find the bank information.
0 votes Share Flag Wed Dec 31, 2008 Foreclosure in Memphis
Margaret  Ro…, Real Estate Pro in Knoxville, TN
Margaret Rodgers answered:
I sold a house; title was not clear,b/c my line of credit. I defalted.Bank is foreclosing on new owners.
Consult an attorney of choice asap
0 votes Share Flag Sat Jun 6, 2009 Foreclosure in Memphis
Jo Shaner, Real Estate Pro in Memphis, TN
Jo Shaner answered:
Where can I find free stats on sumprime home foreclosures for Memphis area for 2007 & 2008?
Dear Susie,

Your answer is going to be with the mortgage industry since subprime (commonly referred to as B paper) are sold in their own lots. Contact the Memphis Mortgage Broker's ... more
0 votes Share Flag Wed Jun 11, 2008 Foreclosure in Memphis, TN
Sylvia Barry,…, Real Estate Pro in Novato, CA
Sylvia Barry, MAS, CIPS, SRES answered:
Have done all of the above. House has everything new including a roof. It is vacant with no flooring and
I agree with you, Jamie, a 6 lane highway can be a huge deterrent for buyers when offering the house for sale. You have to price the home extra aggressive to generate interest - in the ... more
0 votes Share Flag Thu Jan 17, 2008 Foreclosure in River Oaks-Kirby-Balmoral, Memphis, TN
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