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Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
I went bankrupt in2010 ch13 we move out of our house because we thought they were going to foreclose then 2 years late the property is still
As long as the house is still in your name, you technically own it. There are some legal questions over posession if the bank found it vacant and exercies their right to secure it and p ... more
0 votes Share Flag Sun Aug 19, 2012 Foreclosure in Illinois City
Brian Rayl, Real Estate Pro in Frisco, TX
Brian Rayl answered:
can an illinois realtor reduce the price of my house on the mls without my signature or initials?
In short, the answer is no. Make sure you didn't agree to systematic price reductions as a part of your initial listing contract.

Speak with the agent to find out why they did i ... more
0 votes Share Flag Thu Mar 7, 2013 Home Selling in Illinois City
Tony McMahon, Real Estate Pro in 20601
Tony McMahon answered:
What if your house isn't ready to be put on the market for it too late to list in June?
Presenting your home in it's best light, and pricing will be the most important factors. If it is attractive to buyers you should be fine.
0 votes Share Flag Thu Mar 17, 2011 Home Selling in Illinois City
Allan Erps, Real Estate Pro in Nanuet, NY
Allan Erps answered:
I was watching the Suzie Orman show and she said in some areas of the country some houses that were worth $200,000 5 years ago are now only worth $100
Tell Suzie to stick to finance matters. No home that is liveable has depreciated 99.9%. It is the Spring and my advice is to call your Realtor NOW as 3 months from now is not the best ... more
0 votes Share Flag Thu Mar 7, 2013 Home Selling in Illinois City
Peter Kedzior, Real Estate Pro in Arlington Heights, IL
Peter Kedzior answered:
There are 5-6 bank owned homes in my subdivision and are priced very low. 3 of them are under contract. I want to put my house on the market but
Laura, even if you wait a year, the prospective buyers will always use previous sales in your area as a benchmark to calculate the value of your home. There is only so much you can adju ... more
0 votes Share Flag Mon Feb 14, 2011 Home Selling in Illinois City
Cecelia Marl…, Real Estate Pro in Chicago, IL
Cecelia Marlow answered:
buying a home after bankruptcy and still living in the forclosed home and making payments.
Hello Mr. No Luck,
That is a really great question. There are a few factors to consider here.
1.The first is that the home has been foreclosed on. FHA requires 3 years from the ... more
0 votes Share Flag Thu Oct 24, 2013 Foreclosure in Illinois City
Lee Goade, Real Estate Pro in Hendersonville, TN
Lee Goade answered:
Experts say housing value will go down another 5% in 2011..when can we expect them to start to go back up?

Yours is the perfect "Move up" example. Whether for a Bigger better house, Neighborhood or School dist. These are the typical Move up examples and you must keep in m ... more
0 votes Share Flag Sat Feb 12, 2011 Home Selling in Illinois City
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
My home was refinanced using someone else's name. I would like to get it back to my name. What is the best way to do this?
For accurate advise as it relates to your specific situation, do consult with an attorney who specializes in real estate--he/she will best advise as to your options.
0 votes Share Flag Thu Jan 6, 2011 Home Buying in Illinois City
Philip Roy, Real Estate Pro in Las Vegas, NV
Philip Roy answered:
PMI agreed to sales price & investor (fannie) agreed to sales price.Since the investor has been made whole by PMI,will short sale show on my
Hello Tom,

Unfortunately, yes. The good news though is that it sounds like your short sale might actually close now.
0 votes Share Flag Tue Nov 23, 2010 Home Selling in Illinois City
Jim Starwalt, Real Estate Pro in Grayslake, IL
Jim Starwalt answered:
I want to buy a foreclosed property and see prices from 5,000 to 25,000. My question is, how do banks determine a selling price is it a certain %
Banks usually determinen their pricing off of an appraisal or BPO (brokers price opinion). If they get no offers in two to four weeks they will start reducing the list price until they ... more
0 votes Share Flag Mon Aug 2, 2010 Home Buying in Illinois City
Chris Lefebv…, Real Estate Pro in Methuen, MA
Chris Lefebvre answered:
Does an agent get a commision on a house that is foreclosed on and goes through the sale process.?
If there is still a listing agreement in place with the agent and it sells before a foreclosure, then the agent can still get a commission, but I'm assuming it would be a short sal ... more
0 votes Share Flag Mon May 31, 2010 Foreclosure in Illinois City
Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
If appraisal contingency clause is added to the contract when I make an offer, what will seller feel? Will this make me in a bad position to bid?
Hk616, I don't work in your state, but in Washington every contract I write has a clause addressing the issue of appraisal less then selling price. I'd be surprised if that w ... more
0 votes Share Flag Mon Apr 12, 2010 Home Buying in Illinois City
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
how long should i wait to get my earnest money back from the fha seller after i gave them the inspection report.?
Refer to your contract and see exactly what it states as far as reimbursement--what is your agent suggesting.
0 votes Share Flag Wed Mar 10, 2010 Home Buying in Illinois City
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