Foreclosure in Fairfield County : Questions & Answers

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Lynn Vidiella, Real Estate Pro in Bridgeport, CT
Lynn Vidiella answered:
Is it a good idea to rent a house that's also a short sale?
There are no guarantees, here today gone tomorrow.
0 votes Share Flag Thu Apr 11, 2013 Foreclosure in Bridgeport
Hannelore Ka…, Real Estate Pro in New Canaan, CT
Hannelore Kaplan answered:
if the bank is collecting mortgage insurance, can the bank take possession of my condo?
Elizabeth,
Mortgage insurance is required for FHA loans and is in place to pay the lender in the event of a foreclosure.
In turn the lender passes the deed to HUD.
Please consult you ... more
0 votes Share Flag Thu Jun 28, 2012 Foreclosure in 06880
Suzanne MacD…, Real Estate Pro in Mount Arlington, NJ
Suzanne MacDowell answered:
I have a mortgage on a house that was obtained through the USDA Rural Development
Selling a home for less than what is owed is called a 'short sale' and it is done all the time. Tell your agent right away exactly the situation you are in. You should look the house ... more
0 votes Share Flag Tue Jun 12, 2012 Foreclosure in 06880
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
If my house was foreclosed on and the bank now owns it. What further obligations do I have to the final sale of the house?
There could still be recourse from the bank towards you for the deficiency when they sell it minus what was owed plus expenses. You need to check the deficiency laws in your state - wha ... more
0 votes Share Flag Sun Mar 18, 2012 Foreclosure in Danbury
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
what happens with upgrades we have done to the house?
Since the question appears to be in the foreclosure category, before consider the idea of removing items, do protect yourself and consult with an attorney who specializes in real estate ... more
0 votes Share Flag Fri Oct 14, 2011 Foreclosure in Fairfield
Gerard J. Ca…, Real Estate Pro in Spring Hill, FL
Gerard J. Carney answered:
Can a house be rented out when it is foreclosed and under the bank's ownership?
Foreclosure means the bank owns it, so no it is not likely since the bank is not in the property management business
0 votes Share Flag Mon Aug 1, 2011 Foreclosure in 06902
Laura Feghali, Real Estate Pro in Stamford, CT
Laura Feghali answered:
pre-foreclosure house listed in stamford
Hello Masti,
You must be referring to a short sale property if it is in pre-foreclosure. I suggest that you hire an experienced agent in the area to assist you in finding additional ... more
0 votes Share Flag Tue Apr 26, 2011 Foreclosure in Stamford
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
what is the Annual Taxes about this house (Atlantic Street, Bridgeport CT 06604)?
You may wish to ask your question again and include a house number--in the meantime any local agent can help you, contact any realty office and inquire, or check with the local tax asse ... more
0 votes Share Flag Thu Apr 11, 2013 Foreclosure in South End
Caroline York…, Real Estate Pro in Saint Petersburg, FL
Caroline York Mortell answered:
I put in an offer for a rehab foreclosure. It was a low-ball offer because the fha203k includes construction costs. Do banks take forever to respond?
Yes. However they get back to you sooner on a bank owned property than they can on a short sale. If it is a pre-foreclosure and your contract is with the seller, but final purchase de ... more
0 votes Share Flag Sun Jul 6, 2014 Foreclosure in Norwalk
Cristhian Ga…, Real Estate Pro in 06850
Cristhian Gambini answered:
Loan Modification Companies
LOAN MODIFICATION: CHAMPION CREDIT SERVICE

This is Champion Credit Service. We have been helping homeowners obtain mortgage loan modifications for the past 3 years now. Also, we hav ... more
0 votes Share Flag Sat Apr 16, 2011 Foreclosure in Norwalk
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
my house is for foreclosure the morgage is nt in my name my name is only on the deed what will happen to me if i sell any kitchen cabinets
I'm not a lawyer, so this isn't legal advice. For that, please consult a lawyer.

However, because your name is on the deed, you are/were the/an owner of the house. The kitc ... more
0 votes Share Flag Tue Jun 12, 2012 Foreclosure in 06880
Minna Reid, Real Estate Pro in Southington, CT
Minna Reid answered:
what is the redemption period for foreclosued houses in ct? (stamford norwalk)
There is no standard time in CT. It's up to the court to decide.
0 votes Share Flag Tue Feb 2, 2010 Foreclosure in Norwalk
Jack Mulroon…, Real Estate Pro in Stamford, CT
Jack Mulrooney answered:
House at 128 Infield Street, Bridgeport just foreclosed. Am interested in buying. Where do I get info on?
HI Pat, I can help. Contact me any day up to 10:00 PM.
0 votes Share Flag Wed Jul 8, 2009 Foreclosure in Fairfield County
Don Fabrizio…, Real Estate Pro in Danbury, CT
Don Fabrizio-Garcia answered:
My house is going into foreclosure. We bought 2 years ago, did $200,000 in renovations and then lost our
Jane - Have you considered selling as a short sale to avoid the foreclosure? Being that you both lost your jobs, you may qualify. Also, you can speak with your lender regarding doing ... more
0 votes Share Flag Mon Nov 15, 2010 Foreclosure in 06880
Cindi Hagley,…, Real Estate Pro in San Ramon, CA
Cindi Hagley, Prudential answered:
how does one go about looking at and getting information on REO's/auctions in the Greenwich CT area?
A local Realtor can help you with lisats of REOs....they may also be able to help you with local auctions.
0 votes Share Flag Sun Oct 6, 2013 Foreclosure in Greenwich
Leo Cardoso, Real Estate Pro in Stamford, CT
Leo Cardoso answered:
Looking for buyers broker who specializes in foreclosures and short sales in the Stamford, CT area.
Hello Vicent,

My company specializes in buyer representation in Stamford CT, and we can assist you in buying a foreclosure or short-sale. Please visit our website for more informatio ... more
0 votes Share Flag Wed Feb 23, 2011 Foreclosure in Stamford
Nancy R Coll…, Real Estate Pro in 06611
Nancy R Collins answered:
How do shortsales work?
Hi Marvin,
Please call Gary Seymour (Seymour Law Firm) He does many seminars and also has an ebook that explains. Check out www.theseymourlawfirm.com. He has spoken at my previous off ... more
0 votes Share Flag Sat Mar 17, 2012 Foreclosure in Danbury
Dana Voelzke, Real Estate Pro in Fairfield, CT
Dana Voelzke answered:
Countrywide Foreclosures in CT
Hello,
I have had experience making offers on Countrywide REOs. Each transaction is a case by case basis and my clients have chosen to stick to their guns as far as pricing. Frequently ... more
0 votes Share Flag Mon Jul 13, 2009 Foreclosure in Brookfield
Dan Ross, SFR, Real Estate Pro in Southington, CT
Dan Ross, SFR answered:
How can we get a list of properties with tax liens on them in Bridgeport?
I'm not sure if Bridgeport's land records are digitally indexed yet, but many town are. If you go to the town clerk's office, you can search the records by document type looking for ta ... more
0 votes Share Flag Thu Oct 2, 2008 Foreclosure in Bridgeport, CT
Ute Ferdig -…, Real Estate Pro in Newcastle, CA
Ute Ferdig - Atty. Negotiator answered:
Is it possible to trade your home to a bank for one of their REO properties?
Hello Tom. Well, I ahve to admit that I have never heard of banks being interested in trades. I know that banks are not in the business of owning real estate and in the current climat ... more
0 votes Share Flag Thu Apr 11, 2013 Foreclosure in Bridgeport
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