Are you asking if the lawyer was wrong or lied to you? I have never met a lawyer yet that admits to lying or being wrong.
Are you saying he will charge you that much - $500/mo? I am thinking I would call another lawyer.... more
I would think that as long as the home remains your residence, it shouldn't be an issue. All that's required is that the buyer live in the property. From a practical point of view, however, how many friends are there? I wouldn't turn the place into a boarding house.
Boheme Notice of Sale. This property is scheduled for a public foreclosure auction. A public foreclosure auction is scheduled when a homeowner in default does not stop foreclosure proceedings within a certain timeframe determined by state statute. Properties are typically auctioned in a public location, such as the local county courthouse, by an attorney or local public official. Auctions can be great opportunities to buy property below market value, but usually dont allow for property inspections and often require full or partial payment in cash depending on the auction process in your area.
Joe Cano - Realtor/Locator
If the foreclosure is from a bank, they might finance it. Typically a home in poor shape will not pass FHA/VA inspections for safety. Most lenders will not work with you as the home might not pass their inspections for appraisal purposes.
I would bet they are looking for a cash sale. If it has been sitting there awhile, give them a cash offer...even if it is very small. You never know what they might take.
Bernstein Realty, Inc.... more
Your Realtor will have a complete list of Shortsales and REO's.
Not only that; they will be able to FILTER it down to the homes that meet your requirements;
It is so easy to overload with homes that do not.... more
The lot is for sale at $33,000, not the $24,500 posted here. The posting is not the listing Realtor.
ML #: 16588439 You can see the lot on www.HAR.com The contact information is there to speak to the Realtor representing the seller.
If you need help presenting an offer, let us know. You can drive by the lot and if it looks good, we can review sale comps. It has been on the market for almost a year.
Bernstein Realty, Inc.... more
Foreclosure homes do not come with a lower Interest Rate,
Nor does matter what your Credit Score is:
Your Interest Rate is dependent upon your Credit Score.
Borrowing money for a Foreclosure can be easier because the Selling Price is generally lower.
But getting the Loan, and the Interest Rate are dependent upon YOU, not the house.
You should talk to a Mortgage Officer and see what you can qualify for.... more
Keep in mind the following information is my opinion and you should consult an expert in the field.
From my understanding, the only way to remove a cosigners name is either by paying off the loan or have the primary party refinance the loan in their name only. Unless it is a credit card. In this case, you would have to close the account.
I hope this helps!... more
I don't see any practical advantage. A lien is still a lien. The HOA's lien will likely take priority. In theory, you should be able to contact your HOA manager easier than the bank's negotiator. If that helps.... more
This is a situation that requires the input of an attorney specializing in real estate law. Realtors are prohibited from conveying any information that could be interpreted as legal advice or the practice of law. I suggest that you get in touch with an attorney immediately ... best of luck.
Hi Althea, you should be able to call the contact listed for this home. If there is none, give me the address and I will see if I can find out something about this house.
Here in Morris County our County Sheriff has a website that lists auction dates. It is updated every ten minutes. However, as a short sale specialist, I can tell you that often homes are taken off the auction list just minutes before the auction is supposed to begin. A lot of that is attributable to the law firms hired by the banks to handle these matters. The law firms fax a postponement and then never follow up to make sure things actually got done. And the Sheriff's Department is so busy things 'fall through the cracks'.
It is more common, here at least, for homes to be pulled from the auction list regularly because the banks are trying to do short sales rather than foreclose whenever possible. Our foreclosure process takes about 2 years so it's far more cost effective to do a short sale. And the banks will continually put the foreclosure auction off as long as the home is listed for sale with a realtor as a short sale. But they almost always wait until the last minute to do so. Unfortunately, it's just one of the pitfalls of auction investing. The other major pitfall is that the banks almost invariably take the homes back thinking they can get more for them as REO sales than at auction.... more