Foreclosure in Grand Rapids : Questions & Answers

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Jon Smith, Real Estate Pro in Grand Rapids, MI
Jon Smith answered:
I'm a tenant, and the duplex we're renting has been foreclosed on. Our landlord's redemption period ended on February 9th. What are my?
Contact a good lawyer. I have one if you would like his info.
0 votes Share Flag Tue Feb 19, 2013 Foreclosure in 49503
Jon Porrey, Real Estate Pro in Grand Rapids, MI
Jon Porrey answered:
What is the address of this foreclosure property?
This is one of those listings where the property may still be in redemption but the bank has not listed it yet. Realtytrac wants you to sign up for their services. That's the ploy to me ... more
0 votes Share Flag Fri Jan 11, 2013 Foreclosure in Fuller Avenue
Brek Schutten, Real Estate Pro in Grand Rapids, MI
Brek Schutten answered:
I have a townhouse which I paid $107,000 for. I just refinaned for the balance of $70,000. Just married. Is there any help 49525 area?
What kind of help are you looking for? Are you looking to sell it? If so, I specialize in short sale situations and we could see if we could help you. Feel free to contact me directl ... more
0 votes Share Flag Fri Nov 2, 2012 Foreclosure in Grand Rapids
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
Don't know what to do..?
If you will contact a Realtor and list your house as a Shortsale, you can forestall the Bank from foreclosing:
Draft a ltter to the bank detailing your Hardship; do it in your handwrit ... more
0 votes Share Flag Wed May 16, 2012 Foreclosure in 49505
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
I want to find out if the house next to me is in forclouser or up for sale, how do i do this ?
First see if there is an emergency contact number and call it. if not place a note and tape it to the door you are interested for them to contact you. You could then go to the assessors ... more
0 votes Share Flag Mon Jan 23, 2012 Foreclosure in Grand Rapids
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
Can we get financial help with buying our home back after foreclosure?
Sorry to say this, but let's be real here. You are loosing the house because you are not making payments and you want someone to loan you money? Can you tell me why anyone would? T ... more
0 votes Share Flag Wed Jan 4, 2012 Foreclosure in Grand Rapids
Pam Truex, Real Estate Pro in Bloomfield Hills, MI
Pam Truex answered:
Need some suggestions for good RE attorney in Grand Rapids with emphasis on foreclosure and tax liens.
No need to be in Grand Rapids for MI law. I use Peter Lido in Troy, MI. 248 910 5885. He's a real estate attorney that I've used for many years.
0 votes Share Flag Fri Jun 14, 2013 Foreclosure in 49504
Ute Ferdig -…, Real Estate Pro in Newcastle, CA
Ute Ferdig - Atty. Negotiator answered:
Does anyone know if Michigan foreclosure statues allow homeowners in foreclosure the right to rescind or cancel a purchase agreement?
That's a question for an attorney licensed to practice in Michigan. Not sure why the fact that the property is in foreclosure would give the seller a right to cancel that the sel ... more
0 votes Share Flag Tue Dec 21, 2010 Foreclosure in Grand Rapids
Larry Heffel…, Real Estate Pro in Grand Rapids, MI
Larry Heffelfinger answered:
What office in GR must a trustee go to in order to file a notice of default?
Notices of default and foreclosure are normally published in the Grand Rapids Legal news. The notices are posted in the courthouse once the date of the sheriffs sale is reached. The for ... more
0 votes Share Flag Tue Dec 21, 2010 Foreclosure in Grand Rapids
Bill Polack, Real Estate Pro in Atlanta, GA
Bill Polack answered:
Can a second position mortgage remerge if we cash in retirement money to buy our house back at the auction? We have filed a Chapter 7.
You are going to get a lot of answers telling you to contact a bankruptcy attorney. Most everyone on this site are Realtors and Mortgage Professionals and will not be able to advice you ... more
0 votes Share Flag Thu Sep 26, 2013 Foreclosure in 49546
Gerard Dunn, Real Estate Pro in Potomac, MD
Gerard Dunn answered:
Ok now Im getting the run around. They tell me with FHA loan I have to put money up and if I dont get the loan I lose the money. ?
Millie -

With most loans you will have to pay an application fee which covers credit report and appraisal. Some lenders fees are non-refundable.

Check with a local lender to see ... more
0 votes Share Flag Thu Oct 28, 2010 Foreclosure in Grand Rapids
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
How much to offer on a foreclosure?
What is your agent advising.....when making offers you need to be aware of comps--recently sold similar properties in the immdediate area--after reviewing the data a determination on pr ... more
0 votes Share Flag Sun Mar 20, 2011 Foreclosure in Grand Rapids
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
My house was foreclosed on, the sheriff's deed has the wrong legal description, I was just served an eviction notice and it too has the wrong
You may wish wish to consult with an attorney who specializes in real estate, have all related paperwork reviewed, and see what options you have; protect any other assets as well--most ... more
0 votes Share Flag Wed Jun 30, 2010 Foreclosure in 49546
Ruth & P…, Real Estate Pro in 95030
Ruth & Perry Mistry answered:
Why banks and mortgage companies 90% of times are using worst available realtors to sell their properties? I am buying and selling foreclosed homes
Hi Dale:

Right the good ones dont have the time to chase Asset Managers.

Also Asset Managers dont know what it takes to sell a home, quite a few were brought in from
other fields ... more
0 votes Share Flag Wed Jan 4, 2012 Foreclosure in Grand Rapids
- Suzie Rein…, Real Estate Pro in Lowell, MI
- Suzie Reinbold - answered:
Are bank short sales driving the real estate market in Grand Rapids?
Short sales have become more prevalent in the Grand Rapids market. Foreclosures still weigh in heavily. A quick look at the market using 'sold, Kent Co., time frame from Nov. 1, 20 ... more
0 votes Share Flag Wed Jan 4, 2012 Foreclosure in Grand Rapids
Robert Breen, Real Estate Pro in Newaygo, MI
Robert Breen answered:
i want to clean foreeclosed house in my area and do not have the money to start and i want to know how to do
Couldn't agree more. Start by contacting Realtors that may have foreclosed homes in there inventory. We are always looking for responsible people to clean up foreclosed homes. I wou ... more
0 votes Share Flag Tue Jul 28, 2009 Foreclosure in Grand Rapids
Ben DeHaan, Real Estate Pro in Grand Rapids, MI
Ben DeHaan answered:
Foreclosed home & Loan
If you have equity in your current home, you may be able to take out a home equity line of credit and pay cash for the new property you are looking to buy
0 votes Share Flag Tue Jul 7, 2009 Foreclosure in Grand Rapids
Robert Breen, Real Estate Pro in Newaygo, MI
Robert Breen answered:
I have a VA guaranteed home loan. If I foreclose my home for less it's worth, do I have to pay the difference?
I would check with the V.A. or your lender about that. Normally a lender has the right to go after you for the difference, but V.A. has their own rules. They may or may not. Are you ... more
0 votes Share Flag Tue Jul 28, 2009 Foreclosure in Grand Rapids
Michelle Gor…, Real Estate Pro in Grand Rapids, MI
Michelle Gordon answered:
Renter's home forclosed on, what are my options?
Believe or not you are one of the lucky ones, you got your deposit back! There is no other option that I know of other then to find a rental...................they will foreclose and l ... more
0 votes Share Flag Sun Dec 18, 2011 Foreclosure in 49504
Rose Mary Si…, Real Estate Pro in Livonia, MI
Rose Mary Simms a Michigan Realtor answered:
What does a foreclosure do to your credit?
Who is handling the sale? With a contract in hand many times they can speed up a contract, but no doubt it is tough. Have your agent ask the buyer to hold on and be sure the agent has a ... more
0 votes Share Flag Tue Jul 7, 2009 Foreclosure in Grand Rapids
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