Foreclosure in Columbus : Questions & Answers

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Karen Huelsm…, Real Estate Pro in Ohio
Karen Huelsman answered:
The previous/current owner denies she owns the property that it was awarded back to the bank after bankruptcy.Lender has no record of the property.
If it were me, I would go to the county and see what they have- are they sending tax notices to the address? to the lender? forwarding to the owner/previous owner? At some point regar ... more
0 votes Share Flag Thu Feb 28, 2013 Foreclosure in 43207
James Gordon…, Real Estate Pro in Cincinnati, OH
James Gordon ABR PBD SFR SRS answered:
homeowner files chapter 13 in 2007 case settles 2010 house has been empty since 2007 foreclosure was filed in 2007 and denied never refiled
Is the property up for auction on back taxes? You can not buy it unless it is being offered at auction for deliquent taxes.
0 votes Share Flag Tue May 7, 2013 Foreclosure in 43207
Phil Rotondo, Real Estate Pro in Brevard County, FL
Phil Rotondo answered:
what is an acceleration clause?
A provision in a contract or promissory note that if some event (like not making payments on time) occurs then the entire amount is due or other requirements are due immediately. This c ... more
0 votes Share Flag Sun Apr 29, 2012 Foreclosure in Columbus
Michael Emery, Real Estate Pro in Minneapolis, MN
Michael Emery answered:
Overpriced innercity forlcosure (REO) Missing machanicals
And the bank will tell you that what they paid for the property is irrelevant to the current market value. Some banks actually put this in as part of their offer paperwork.

If you f ... more
0 votes Share Flag Mon Jul 25, 2011 Foreclosure in Columbus
Jason Opland, Real Estate Pro in Powell, OH
Jason Opland answered:
statue of limitation on defiecencyjudgement in ohio
Lenders are permitted under Ohio law to file for deficiency judgments, the lender has two years after the sale date to collect on the judgment on property that consists of no more than ... more
0 votes Share Flag Tue May 31, 2011 Foreclosure in 43207
Tj Roberts,r…, Real Estate Pro in 43221
Tj Roberts,realtor,CNHS,ABR,E-PRO answered:
I need to lease with option for about one to two years and like the homes in the 43213 area Greenbrier or old orchard area and there are some
I'll check Larry & see if we got anything,in that area,thx
0 votes Share Flag Tue Sep 6, 2011 Foreclosure in Olde Orchard
James Deskins, Real Estate Pro in Worthington Woods, C...
James Deskins answered:
How do I find a home owner association for different condominiums.?
a) ask one of the owners, b) check MLS and find out the name of the complex and google the name, c) call the Realtor of the condo listing.
0 votes Share Flag Fri Jan 28, 2011 Foreclosure in Columbus
Jason Opland, Real Estate Pro in Powell, OH
Jason Opland answered:
We have an accepted offer on a bank owned home. The roof is currently leaking. The offer is contingent on inspection. Will they negotiate this??
Bank owned properties are almost always offered in "AS-IS" condition which simply means you are welcome to have inspections performed on the property to determine it's co ... more
0 votes Share Flag Mon Jan 17, 2011 Foreclosure in Columbus
Kevin Olson…, Real Estate Pro in Colorado Springs, CO
Kevin Olson & Jessica Laude answered:
Who's gonna pay for this?!
Contact your Realtor and his/her Broker about the situation. This type of thing does happen, and it should be clear in the contracts as to who is liable for what. I can't guide you ... more
0 votes Share Flag Sun Feb 6, 2011 Foreclosure in Columbus
Mike Papanto…, Real Estate Pro in Arvada, CO
Mike Papantonakis answered:
Is it a custom the day before closing for fannie mae to change the keys to the house and put them outside unlocked and not come to closing.?
Wow! I think I'd immediately call an attorney and also contact your state real estate licensing authority. This sounds like some serious negligence. The agent should have errors an ... more
0 votes Share Flag Tue Nov 16, 2010 Foreclosure in Columbus
Joel Kahn, Real Estate Pro in Westerville, OH
Joel Kahn answered:
What does the $ amount of the Foreclosure homes represent and where do these figures come from?
It's a very good question but difficult to answer. Foreclosure is actually a legal process and not necessarily a point in time. Depending on the report, the number could define how ... more
0 votes Share Flag Wed Nov 3, 2010 Foreclosure in 43213
Jose E Garza, Real Estate Pro in El Paso County, TX
Jose E Garza answered:
I need a checklist of all that is entailed in winterizing and dewinterizing a home to prepare for sale
Talk to a home inspector, they know what you'll need.
0 votes Share Flag Fri Mar 26, 2010 Foreclosure in Columbus
Dee Nofziger…, Real Estate Pro in Toledo, OH
Dee Nofziger | Toledo Homes answered:
I am a start up preservation company in Southern Arizona, trying to get my foot in the door. Any ideas?
Hi Fred,

#1 simply get on the phone and starting calling your Sphere of Influence. People refer people they know and trust.

#2 Blog, Blog, Blog. It gives great google juice - for ... more
0 votes Share Flag Wed Mar 10, 2010 Foreclosure in Columbus
Stanley, Real Estate Pro in Detroit, MI
Stanley answered:
with so many folks going into foreclosure, what options are available to them for housing?
I think that if you have a little cash, buy a propety with cash and fix it up the way you want it, put in a litlle sweat equity. and you will have a house with no mortage. and fixed the ... more
0 votes Share Flag Sun Nov 15, 2009 Foreclosure in Columbus
San Diego Re…, Real Estate Pro in San Diego, CA
San Diego Real Estate Agent answered:
where do I find foreclosures in Columbus, Ohio?
TGlover, Most foreclosures will show up in your local MLS - Multiple Listing Service. Many agent's web sites will have an MLS search feature. You can use this to find foreclosured homes ... more
0 votes Share Flag Tue Aug 18, 2009 Foreclosure in Columbus
Todd Orrill, Real Estate Pro in Pickerington, OH
Todd Orrill answered:
I just saw a condo I was interested in and found out the very day i looked, it was sold at auction. How do I?
Good afternoon Holly, If it was up for the Forclosure auction and in Franklin County the information will be published in the Daily Reporter Newspaper. The results of the sales are pub ... more
0 votes Share Flag Fri May 29, 2009 Foreclosure in Columbus
Dana Schuster, Real Estate Pro in 70458
Dana Schuster answered:
are there any programs for people to buy a home who has forclosed or filed bankrupsy in the past?
There are no programs that i know of. how long ago was your bankruptcy discharged? You can purchase a home 2 years after discharge,but you will need a 620 credit score and a 3.5% down p ... more
0 votes Share Flag Wed May 13, 2009 Foreclosure in Columbus
Hannah, Real Estate Pro in Corte Madera, CA
Hannah answered:
where can i get a list(free or inexpensive) of reo asset management companies and banks reo w/ depts?
Hi Mitsilge,

You might consider starting with local regional banks and ask for the asset managers and pitch to them what services you provide. You might also consider REO realtors i ... more
0 votes Share Flag Tue May 15, 2012 Foreclosure in Columbus
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
my uncle lives in a home that went into foreclosure,went to a sheriff sale and sold he can not find out any
LIKE NOW, you never know about these issues best not risk all

It can be 24 hours months prior to bank processing all paperwork. Should receive an eviction notice AND potential cash ... more
0 votes Share Flag Wed Mar 18, 2009 Foreclosure in Columbus
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
Are there any programs to help people get back on track with their mortgage? I'm paying too much..
Contact your lender review all the info. with them. Families entire country are in same situation.
0 votes Share Flag Fri Mar 20, 2009 Foreclosure in Columbus
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