Foreclosure in Milwaukee : Questions & Answers

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Chris Macisco, Real Estate Pro in ,
Chris Macisco answered:
what does transfer value on a house mean?
The "transfer value" would be what the home most recently sold for/ transferred for according to the Auditors records . The Auditor also will have their accessed value which is generat ... more
0 votes Share Flag Fri Jan 11, 2013 Foreclosure in 53206
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Ruth and Perry Mistry answered:
The property i rent is in pre-foreclosure. do i have to still pay rent to the landlord?
Hi Curious71

Yes absolutely, otherwise the landlord can report you in default or on many landlord boards.
This could result in Bad Credit and or other Landlords not wishing to rent ... more
0 votes Share Flag Sun Jul 15, 2012 Foreclosure in 53210
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
Can the owner who was foreclosed upon (sale confirmed) rent the property for a period until she finds home for her family?
It would be totally up to the new owner, often it is the bank that foreclosed so I doubt they would allow it, but you could ask.
0 votes Share Flag Thu Apr 21, 2011 Foreclosure in Milwaukee
Troy Miller, Real Estate Pro in Milwaukee, WI
Troy Miller answered:
I need to move from my condo as soon as possible. I have no desire to rent it out or the time to try to sell it. Can I give it back to the bank?
Tracy,

You will definitely want to seek the advice of an attorney for your question.

Please realize though you don't need to be here to sell. A local Realtor can take care ... more
0 votes Share Flag Wed Mar 16, 2011 Foreclosure in Milwaukee
Colleen Pros…, Real Estate Pro in Germantown, WI
Colleen Prostek answered:
was 8244 N 37th st Brown Deer wis 53209 on the market? Is it going to be for sale soon?Thank you
It appears this property has gone to Sheriffs sale Jan. 2011 which means this home will eventually go on the market the process takes awhile so it could be months before you see a sign ... more
0 votes Share Flag Wed Feb 23, 2011 Foreclosure in 53209
Michael Emery,  in Minneapolis, MN
Michael Emery answered:
do i get 1099'd if the amount I owe is more than the foreclosed amount. I live in Wisconsin and it is my primary residence.
Yes, you will most likely receive a 1099 in that situation. However the mortgage forgiveness debt relief act of 2007 will most likely ensure that you will not owe taxes on the amount sh ... more
0 votes Share Flag Wed Jan 12, 2011 Foreclosure in 53211
Brian French, Real Estate Pro in Beaver Dam, WI
Brian French answered:
WHAT DOES TRANSFER VALUE MEAN?
Need a little more information on this. Where are you seeing this term....maybe on the tax bill? Then this would represent the sale price (in thousands) multiplied by $3
0 votes Share Flag Tue Nov 30, 2010 Foreclosure in 53206
Larry Story, Real Estate Pro in Greensboro, NC
Larry Story answered:
I am looking to get out of the rental real estate business due to family issues.
Carlos,

It really is a matter of the difference in debt to purchase price. If the difference is not to much then yes a deal could be worked out otherwise if you did not want to purs ... more
0 votes Share Flag Thu Feb 20, 2014 Foreclosure in Milwaukee
Sarah Steelm…,  in Waukesha, WI
Sarah Steelman answered:
foclosed not in the same condition as when i made the offer on it what do i do
"AS IS" meaning the condition it was in when you made the offer and it was accepted. That's the purpose of the final walk-thru, to make sure eveything is in the same condition. Unles ... more
0 votes Share Flag Thu Apr 9, 2009 Foreclosure in Milwaukee
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