Foreclosure in Montclair : Questions & Answers

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Brian Diehl, Real Estate Pro in New Jersey
Brian Diehl answered:
Mortgage after foreclosure
You should contact a mortgage professional. You can contact Frank Gatto on his cell phone at 201-650-2763 or email him at fgatto@HomeCapitalNetwork.com. Frank is an experienced mortga ... more
0 votes Share Flag Wed Apr 9, 2014 Foreclosure in Montclair
Jessica Free…, Real Estate Pro in San Diego, CA
Jessica Freeman answered:
How do we go about purchasing a forclosure property? Do we still use a Realtor? If the property is owned by a bank, will the process be the same?
Monique,

Let's start by clarifying that a foreclosure, REO, and bank owned are all the same thing. It means that the owner defaulted on the loan and the bank took the property b ... more
0 votes Share Flag Sun May 15, 2011 Foreclosure in 07042
Mary Petti-A…, Real Estate Pro in 08820
Mary Petti-ABR,SFR, Relocation answered:
place back up offer realtor said bank did not sign What does it means?
Mari,

Probably means the bank had a better offer and they did not accept yours, OR they are holding your offer for just that, a back-up offer if the one they already accepted fails.
0 votes Share Flag Sun May 9, 2010 Foreclosure in 07042
Marsha Bowen…, Real Estate Pro in Maplewood, NJ
Marsha Bowen-Washington answered:
What are the procedures in new jersey after a sheriff sale?
Hi Diane,

After a sheriff sale, the homeowner has a 10 day redemption period to reinstate the loan for the property from the lender in court. If that doesn't happen, then the ... more
0 votes Share Flag Sat Jan 16, 2010 Foreclosure in 07042
Joanne, Real Estate Pro in Ocean County, NJ
Joanne answered:
what is the difference between an real estate agent and broker?
Dezi, hi how are you? An Agent is a Licensed Sales Associate. A Broker is a Licensed Broker. An Agent cannot open a Real Estate Company without having a Brokers License, or someone w ... more
0 votes Share Flag Fri Feb 11, 2011 Foreclosure in 07042
William Leigh…, Real Estate Pro in New Jersey
William Leigh Holt answered:
Looking to put a bid on a luxury home that was forclosed after 15 months on the market. The bank has owned
Linda: Paying more for the property! The bank has had a good evaluation of the local market from their agent. (Although I've seen some agents get too optimistic.) I'd advise getting ... more
0 votes Share Flag Fri Feb 11, 2011 Foreclosure in 07042
Curtis Darra…, Real Estate Pro in Poughkeepsie, NY
Curtis Darragh answered:
Is a backup offer on a foreclosed (bank owned) property worthwhile?
Alex,

YES!!!!!!!!!!!!!!!! I've been a REO agent for years and I always recommend buyers put in a back up offer. So many of these deals fall through, its not uncommon for my to have ... more
0 votes Share Flag Fri Aug 21, 2009 Foreclosure in 07042
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