Tax Or Mortgage. Tax you can check online at the county auditor site. Mortgage you can check sheriff sale reports for upcoming sales and see if your house is on it.
Generally speaking, it depends of your states laws and the bank or financial institution that is proceding with the foreclosure.
Best of Luck,
Maria E. Cipollone
www.Flahomespecialist.com... more
Hi there ArleneFour,
I'm sorry, but I don't quite understand your question. Can you rephrase it? If you can be more specific about what you need to know, it will help your question get more answers.
Thanks,
Andrew
Community Manager
Trulia... more
Finding foreclosures can be challenging. It will be in your best interest to hire a buyer's agent that can assist you not only in finding the properties, giving you the right advice and helping you to negotiate the best deal.
Best of Luck,
Maria Cipollone
www.Flahomespecialist.com... more
http://erney.optinstant.com/foreclosures/
CLICK ON THE LINK!
I will set you up with a list right away and will have other crazy deals if you give me the ok to show them to you! Its that easy! ;-)... more
This response came directly from the HUD website:
http://www.hudhomestore.com/ListingSiteFAQ.htm#_Toc322423405
Can I modify an offer after it has been submitted?
Yes you can modify an offer after it has been submitted up until the bid-opening date. Log in to HUDHomestore.com, click Bidder Functions, and go to Review your Bids. Click the bid you want to cancel. Click the Modify Bid button. A summary screen will appear where you can modify the bid. Click the Continue button. Review the bid summary, click the check box to accept the terms and conditions, then click the Confirm Bid Submission button. The modified bid is then submitted and the original bid is withdrawn from consideration by the Asset Manager. You are not able to modify an offer after the bid-opening date has passed.... more
This home is in preforeclosure status. If you look up the sheriffs department in cuyahoga county oh, they may have the date of the auction posted. If not keep looking as it may come up for auction at any time.
Good Luck... more
Catherine is correct. You have a time frame where you can redeem the property. What is happening during the Right of Redemption period (which is about 30 days, but you MUST check with an attorney as to that fact!) is that the court reviews, and files an order confirming, the sheriff’s sale. Once the sale has been confirmed, you cannot redeem the property.... more
Many loans have different investors. In past years many loans were Securitized.
Securitization is the process by which residential and commercial real property mortgage loans are bundled and sold to investors. Securitization can occur months after origination, or it could occur immediately after origination. However, not all loans are securitized.
Investors such as Goldman Sachs, DeutscheBank, Countrywide, Wells Fargo, etc. routinely sell or purchase large blocks of loans and place them into trusts or REMICs (Real Estate Mortgage Investment Conduits). Shares of those are then sold to other investors.
Knowing what happened to a particular loan, where it went and which investment vehicle it ended up in, can be important in foreclosure defense and litigation against lenders, especially for properties located in judicial-foreclosure states.
Through a Securitization Audit it can be determined if the Foreclosing party has proper jurisdiction to foreclosure on a property. In addition to Jurisdiction of the Foreclosing party, a Securitization Audit report can determine if the Foreclosure documents were executed properly. To be more specific, identify any irregularities in the documents that were used in the foreclosure process. The documents we analyze are the Deed, Notice of Default, Declarations of Compliance, Affidavits, Substitution of Trustee, Assignments of the Deed of Trust, Notice of Sale etc. Basically, any document that was used in the effort to foreclose on your property.
It's been discovered that many of these documents have been executed of behalf of the beneficiary without the beneficiary’s knowledge. Many times we see that employees of one company are signing documents as if they work for another company just to push the foreclosure process along. In California, It's a Trust Deed state along with several other states and this is a disadvantage to the homeowner facing foreclosure. Trust Deed Foreclosure can be executed in a certain time-line. There is no court involved. In a Mortgage Foreclosure, which are also Judicial Foreclosures requires a Judge to award the Foreclosing Party the Home. In those Judicial Foreclosures, The homeowner has the opportunity to get his day in court and if that homeowner is prepared and has the proper documentation, that sale can either be put aside and in some cases completely dismissed. There has been instances where a homeowner has even been foreclosed on and after the foreclosure, through a Securitization Audit, it was determined the lender had wrongfully foreclosed on the property and did not have Proper Standing to do so. Please read U.S. Bank National Association vs. Ibanez... more
Usually the way this works is you look at homes in your price range and then it would be a matter of approaching a seller with that thought...rent to own. Most listings don't state that, so it is difficult to separate them out. You would also need (for rental) a copy of your credit report, and probably a discussion with your lender as to the possibility of purchasing the property within a specific time frame, which is determined by the contract between you and the seller.... more
Mark, thank you for that answer. A close friend had told me there is a letter you can have attached to your offer the banks sign acknowledging they have received your offer. Is such a thing true?... more
Vicki,
Make no mistake, banks like cash transactions when it comes to both short sales and foreclosures. It essentially removes them from their list of "problems to deal with."
On the other hand, it may not necessarily speed up the purchase process because a responsible transaction will include an inspection(s), survey, insurance, title search, etc. These actions will require time.
Where you may save time is with the financing piece. This is typically the "fly in the ointment" that can slow or even disolve a good transaction. A cash transaction will eliminate this step and its potential headaches.
Good luck,
Bill... more
Delaine,
Contact the lawyer who did your BK. Chances are this may have been included in your filing. If not, they can best advise you on your obligations.
Hello,
i just read your post and wanted to let you know
i have a access to a database of homes for sale
if you are still looking to buy a home
just click on the link below
The bidder loses their deposit and the bank take possession of the property, where they will pay the taxes and eventually sell the home, ex homeowner is out of luck the foreclosure was final at the sheriff sale.
Bob Patrick
Buy a home after foreclosure expert... more
Yes there are several Asset Manager's and REO Companies doing business in Cleveland, Ohio. Be first to these bank owned homes by contaccting Jeff Burke, Broker-On Target Realty, Inc. 216-780-6007.... more