Foreclosure in Hennepin County : Questions & Answers

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Heidi Haaland, Real Estate Pro in Rogers, MN
Heidi Haaland answered:
I am trying to find out if the property @ 2809 91st Crescent N. Brooklyn Park was ever sold or if it is back on the market yet?
Hi! This home looks like an offer was accepted, but it has not closed yet. It is expected to close on Feb. 8th, 2013. There are others out there! If you would like to see any of the ... more
0 votes Share Flag Mon Jan 28, 2013 Foreclosure in Brooklyn Park
Mark Claesse…, Real Estate Pro in Coon Rapids, MN
Mark Claessens, e-Pro, NHSS answered:
My house didn't sell at the Sheriffs Sale, I've heard nothing from anyone and I'm wondering "What now"?
As an expert on this, Patrick, I am confused and this doesn't make sense. If there was a sheriff sale, and it really took place, your senior lien holder would now have a sheriff's cert ... more
0 votes Share Flag Mon Nov 19, 2012 Foreclosure in Minneapolis
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
If you are in foreclosure on your first mortgage, what are the consequences of not paying off the second?
If your house goes through FORECLOSURE, all liens should be satisfied.
As a rule, the 1st Lienholder will have to take care of the other Liens.
This is too important, for you not to t ... more
0 votes Share Flag Thu Jul 5, 2012 Foreclosure in Brooklyn Center
Susan Hoffla…, Real Estate Pro in Minneapolis, MN
Susan Hofflander answered:
hello, I would just like to see some photos of the place. Does it have a garage? whats the HOA fee? property tax?
Hi, Tony_tx22!
Um, there's no link here to tell us which property you're referring to. I'm happy to look it up for you, but you have to tell us where the property is.

Thanks!
0 votes Share Flag Mon Apr 9, 2012 Foreclosure in Hopkins
Christopher…, Real Estate Pro in Westchester, NY
Christopher Pagli - ABR, GREEN answered:
Has everyone heard the good news about short sales?
I heard yesterday and thinks it's about time!

Chris
0 votes Share Flag Thu Nov 28, 2013 Foreclosure in Minneapolis
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
how much money does wells fargo pay for keys for cash?
It will depend on the house, there would be no set fee since a $1,000,000 is going to be totally different than one that sold for $150,000. You should speak to your lender and ask.
0 votes Share Flag Tue Mar 27, 2012 Foreclosure in Hennepin County
Joe Houghton, Real Estate Pro in Minneapolis, MN
Joe Houghton answered:
What is the best way to purchase a foreclosure in Minneapolis?
Contact an agent such as myself who understands all of the inter workings of "distressed" properties (REO's Bank owned, Foreclosures and short sales) I list bank owned p ... more
0 votes Share Flag Fri Jun 22, 2012 Foreclosure in Minneapolis
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
Sheriff Sale took place Nov. 28 and we retain the house till May 29, 2012. I would like to accelerate the redemption period. We have both moved out
You are between the Rock and a Hard Place:
They have changed the locks, but insist that you still own it.
You have to have insurance on it, but you don't have access.
You are no ... more
0 votes Share Flag Tue Jan 10, 2012 Foreclosure in Minneapolis
Pamala  Bava,…, Real Estate Pro in Rochester Hills, MI
Pamala Bava, SRES answered:
I hIs there a way to speed up or fore-go a redemption period. We have our house until May 29, 2012, but both moved out and would like this to be over
Not sure about Minn law but I have seen it done in Mich when there was a buyer for the property. All you have to do is ask them. You might have to sign some sort of release.
0 votes Share Flag Sat Jan 14, 2012 Foreclosure in Minneapolis
Joe Houghton, Real Estate Pro in Minneapolis, MN
Joe Houghton answered:
When does Gittleman decide to forclose for unpaid HOA's after they put a LEIN on the unit, when there is NO mortgage on the property?
I'm not sure the answer to your question, but want to be sure you know you have several options if you own the property free and clear. Contact me if you have any other questions.
0 votes Share Flag Mon Mar 26, 2012 Foreclosure in Minneapolis
Walter 'Skip'…, Real Estate Pro in Brea, CA
Walter 'Skip' Kersten answered:
If i do a short sale on my rental property-has a 1st & 2nd mortgage & is underwater - will i be taxed by IRS on deficiency's &
Hi Ruby,
For tax questions it is best to consult a tax professional. For general tax in formation concerning this, google the Mortgage Debt Relief Act. It is fairly easy to understan ... more
0 votes Share Flag Thu Nov 3, 2011 Foreclosure in 55407
Laura Feghali, Real Estate Pro in Stamford, CT
Laura Feghali answered:
The place I'm renting is going to sheriffs sale on the 15th if nov..I just found out. What should I do? Do I pay my landlord? Do I not pay in?
Hello Bobsteel,
You need to continue to pay the rent to your landlord even if he is losing the home as your lease contract is with him; not the bank.
If you do not pay your rent ... more
0 votes Share Flag Mon Oct 17, 2011 Foreclosure in 55347
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
Well known Arizona law professor/expert thinks if you are way underwater on your home loan peopleshould let go to foreclosure.
I wonder what Religions teach their devotees that they are allowed to do anything to someone if they are in, in their opinion, a "BAD PERSON".
That would mean that if someone ... more
0 votes Share Flag Tue Oct 25, 2011 Foreclosure in 55407
Karl Scherman, Real Estate Pro in Blaine, MN
Karl Scherman answered:
We are renting a home that was sold july 5th 2011 at a sheriff sale. It was bought by us bank. How long after the 6 months do we have?
None-6 months is it, the redemption period is 6 months at which time everyone has to be out and they'lll change the locks. If the homeowners have claimed or found a way to delay th ... more
0 votes Share Flag Wed Dec 21, 2011 Foreclosure in Saint Louis Park
Patrick Howa…, Real Estate Pro in Edina, MN
Patrick Howard answered:
How low sould my offer be as a first-time buyer on a Bank Owned Property that has been on the market for almost a year?
$58,000 less seller paid closing costs is really low and I doubt the bank would even counter that offer. You'll never know until you try however. Also, if you're going to us ... more
0 votes Share Flag Tue Feb 15, 2011 Foreclosure in Hopkins
Christine Mc…, Real Estate Pro in Valparaiso, IN
Christine McDaniel answered:
the house am renting is in foreclosure, but we have a contract with the owner he gave us the deposit back. what we can do is any tenant protection?
It may vary from state to state. If the owner is losing the property you live in, you need to look for a new place to rent immediately. I would get something in writing stating that y ... more
0 votes Share Flag Wed Nov 14, 2012 Foreclosure in Minneapolis
Steele V. Pr…, Real Estate Pro in Minneapolis, MN
Steele V. Propp answered:
HOA Will Not Respond for Payoff After Foreclosure Purchase.
This is really a legal question and you should consult a local lawyer who specializes in foreclosures and knows HOA statute. It sounds like both you and the bank have done just about ... more
0 votes Share Flag Thu Jan 13, 2011 Foreclosure in Minneapolis
Dp2, Other/Just Looking in Virginia
Dp2 answered:
I no longer have an escrow account. Should I continue to pay property tax if I stop paying my mortgage?
You really should speak with a tax attorney or CPA on this; meanwhile, if you're thinking about letting the property go anyway, then you might want to consider selling with seller ... more
0 votes Share Flag Fri Oct 8, 2010 Foreclosure in Minneapolis
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
Do I pay my landlord rent even though the house I'm renting is now an REO bank owned home? I think I signed a bogus lease.
If the house was foreclosed on, he no longer owns it. Therefore he is not entitled to collect anymore rent. You should not pay them but should put the rent aside as you will be contacte ... more
0 votes Share Flag Tue Sep 7, 2010 Foreclosure in Minneapolis
B, Home Owner in Minneapolis, MN
B answered:
Please let me know about this house
Hi Isma, which one? There is no property on your question/comment.

Thanks.

Benito.
0 votes Share Flag Fri Oct 22, 2010 Foreclosure in Powderhorn Park
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