Foreclosure—questions & answers, advice and opinions page 137

can i save my home after foreclosuer?
this company is telling me even after foreclosuer i might be able to save my house. Thay said they will file suit aginst the mortgage company and for me to send them the title & closing paperwork and…
I would like to start doing bpo's - I'm not sure where to start - I'm finding sites offering lists of companies that you can apply
with - but they charge for these lists - is that normal? Any advice would be great - thank you
If our offer has gone for BPO comparison, is that good bad or indifferent?
We put an offer in for a home (short sale) in Livonia, MI about 1.5 months ago. We haven't heard anything until today. Our realtor told us that our offer is under review and being compared to the BPO.…
Does anyone know if banks are still accepting new agents to do BPO's?
I really want to get signed up with some banks but my ex-partner who signed up years ago said they are not accepting any more agents. He has been very successful with getting REO's from doing BPO's. If…
Does anyone know what Realtors are charging for BPO's these days?
Just curious of how much to request from lenders that ask what I charge.
Hello I'm interested in getting a Trash-out service started. I have a construction experience and in the service industry and know many people
that that are looking for work (crew). I'm just having trouble getting started like I don't know where to begin. Namely how to get qualified. Licensed, Bonded and Insured? Where would I find…
short sale cash for keys?
hi i am a tenent living on a property that has just been short saled they told me the bank accepted the offer and i have to be out in two weeks ive been here for 6 years it is ten acres so i have accumulated…
Buying a 10 acres lender owned farm. Closing in 2 weeks. Previous owner is still accessing the property and removing fences and misc. Is this legal?
He shows up drunk with random people to help him drag stuff out. He pays them with things they may want off the farm. Fuel Barrels, Fencing, Feed Tanks... The other day there was a broken window in the…
After trying to get a loan modification since March our lender finally came clean and said we didn't qualify that we should try and re-fi.
We called a bank and we didn't qualify. We're done! We concede! We're going short sale and hopefully we can recoup in a couple years w/our credit rating. QUESTION: do we have to keep paying…
Is it possible to have a foreclosure rescinded in Texas?
Short Sale file opened 5 days before and offer submitted to B of A. Home went to auction anyway but did not sell yet. Wells Fargo was the investor and denied request for extension. B of purched Wells…
What companies offer similar data to RealtyTrac and Redloc. I'm interested in data which includes the lender and sevicing company for homes in
default I have been using Redloc for research data containing the foreclosure servicing company and the lender of the loan. I have been seaching for companies who offer similar services but I have only…
How do I know if I should offer more or less than the listing price in Katy?
Is there a difference if I'm looking for a single family home versus a condo, or some other type of property?
We have one rental property and have had rentals for over 15 years and excellent credit. I understand that
occasionally a REO bank owned property may be able to sale a property with almost zero down if they feel the risk is worth it when they are the "Owner" of the property and therefore do not have…
I'm considering short selling a multi family property where I live half of the week. Your feedback will be appreciated
Hello, I'm in need of help. I have an FHA mortgage on a 3 family house that I purchased in 2006. One apartment is rented; another's been vacant for 4 months now; the third one is where I…
I've come to the conclusion that I am going to have to let my home foreclose. After a year and a half on the
market, there are no interested buyers for a short sale and my bank has turned me down for a loan modification. My question is, am I responsible for paying the outstanding property tax bill on the property?…
How would I go about offering a the Best winning bid on a foreclosure. That is not a distressed property but a home that was built in the last 5 years
Someone told look at the most recent arms lengths transactions in the area. How do I go about finding this information out by doing the homework myself?
is it time to buy in Las Vegas?
I want to know if I should buy now for investment or wait until mid 2008.
I AM LOOKING FOR A SHORT SALE OR FORECLOSED HOME IN THE AREA OF BAYPINES 33708.IAM APPROVED FOR 150,000.
CAN YOU HELP ME GET A LIST OF FORECLOSED PROPERTIES IN THIS AREA. I WOULD LIKE TO FIND SOMETHING IN THE NEXT COUPLE OF MONTHS. I AM NOT SURE HOW SHORT SALE WORK EITHER. SOMETHING ABOUT 2ND BANK HOLDING…
put bid on shortsale 200k after 2 fell through w/bank accepting 250K - house empty 370 days - what do you think my chances are of acceptance? counter?
With the winter coming and the house falling through two times because the bank was taking too long (bidders found new property to buy) ... what do you think my chances are? The status of the current…
how to get my right of redemption to a land which was forclosed because of not paying taxes and can I take all the setps necessary from abroad. thanks
I was approched by a company by the name of Golden Retriever to collect my redemption for my land in the bronx and they asked me to pay them 40% of what I get and in return they do what is necessary to…
In a Short Sale, will the banks come after me later to collect the shortage or will I be forgiven and be able to move on like a foreclosure?
Just wondering what's better, a short sale or a foreclosure. What would be the benefit of a short sale if they still try to collect.
How much above the starting bid should i expect a foreclosure auction home to actually sell for?
I just want to know if I'm wasting my time bidding on certain homes. I know my budget and some great homes have a starting bid well within it, but some of the homes are located in areas well above…
Do you think "Strategic Default" is a viable option for upside down homeowners who can't keep up with their mortgage payments?
The banks are complaining about a fairly new tactic that has begun to emerge recently. Strategic Defaults are on the rise. A Strategic Default occurs when a homeowners stops paying their mortgage but stays…
Can someone else place an offer on a bank owned foreclosed property even though there is already an accepted offer ?
Hello everyone ! Thank you in advance for your help with my question . I have a situation where I wanted to place an offer on a bank owned house that is selling well below market value . Someone placed…
I own (160K upside down)home in Palm Bch FL. I am moving to Nash TN. I want to rent home in FL & buy another home in TN. Can I get another?
mortgage? I just got promoted and am moving to Nashville TN... I make great money and have never missed a payment on my home. This house is roughly $160K upside down between the 1st and 2nd mortgages.…
Advice needed on Recourse loan, possible foreclosure on rental in California
Hello, I’d appreciate some advice on my situation. I have a home in California that I’ve rented out for the last 3 years, lived in the 6 years prior. Current loans: 1st mortgage $189,000,…
Is the buyer of a foreclosed house required to refund property taxes to previous owner if they had been paid in full for a year.?
I paid taxes in Sept. for a year. House was sold in Nov. and I never got a refund for 10 months.
Do you think Wells Fargo acted in "bad faith" in this foreclosure case? Wells Fargo Foreclosure Sale Overturned in New York.
Even in the face of supposed "good faith" loss mitigation efforts, many lenders continue the duplicitous practice of delaying "review" of loan modification and short sale request while…
Buying REO direct from bank
I am trying to buy a specific REO property in Jacksonville, FL direct from Fannie Mae that has yet to be listed. I am trying to get the best deal on this property and don't want to wait for it to finally…
I have a client (with a genuine hardship) struggling to convince his lender to accept the very good cash offer on the table and approve a short sale.
He is about to give up and let the bank foreclose the property. His credit is already ruined, so that's not an issue. What are the REAL, ACTUAL benefits to my clients in selling his property as a…
Our realtor tells us that he emails the listing agent all the time checking on that foreclosuer, and we hear no word yet. Hoping to get the house
and waiting is real hard. But what do you do? This week is the 4 th week. How many more? And the way I see it the bank is not around here and they want prices from contractors to get what? More money or…
how do you go about buying a home at a action if you live out of state?
Toured a house, made an offer,did not get house, house going to action. How do I go about bidding on this house living out of state?
HOW CAN I PUT LEIN ON TITLE TO STOP HOUSE FROM BEING SOLD FOR TAXES OWED?
OWNER SOLD ME PORTION OF HIS PROPERTY. i STARTED BUILDING ON IT. NOW, THE ENTIRE PROPERTY IS BEING AUCTIONED OFF FOR TAXES OWED. HOW CAN I STOP THIS? CAN I FILE SOME TYPE OF LEIN?
Is it a good idea to make a profit by buying foreclosures and short sales in Hallandale or Aventura and sell it with higher price?
I want to invest money this fall. As i understand I need to create a company to employee real estate agent and an advocate to do this process.
Does anyone know what lists I should sign up w/for REO cleaning in IL or if there's a list for the REO agents/brokers?
My company is new to the REO industry but has over 20 years in the cleaning profession. We do full service cleaning & preservation for distressed properties. I've been researching, and I've…
Will FL banks pay a percentage of concessions on short sales/pre foreclosures?
We are working with a realtor that will not show us any short sales or pre foreclosure properties as of 1/1/08. She says that as of this year NO Florida banks will pay ANY percentage of closing costs on…
How can I find out if the condo that I have been renting has been foreclosed on?
I was notified by phone yesterday by a representative of my landlord stating that the condo I am renting was foreclosed on last month, how do I find out if this is true?
what can you do ??
well its a rough field out there in the foreclosure cleanup industry with all the nationwide big time copanies taking all the work from the banks makes things difficult especially when you get a bad rappaport…
have two seperate mortgages,trying to sale one property, the other we live in and have large amount of equity, cant seem to sale other property .
am on disability with young son and wife. is short sale possible without them trying to put lein on my home that we now live in??
How much rent can I get for my property at 2809 Lake Forset dr.37127
My condo has 3 bed. 1.5 baths washer and dryer, how much rent can i ask for it?
Is it better a deal when buying a bank owned home or wait to negotiate with the new puchaser (developer) that's buying the whole development?
from bank In other word- where can we 1st home buyer get the best deal or leverage? Buying home from bank before they sell the whole development off to new developer or wait till the new developer complete…
Now that we understand the percentage to offer for a short sale, how do we find out the BPO from my
broker/agent? That number seems to be guarded and not released to the buyer. It seems like a catch-22...offer 85-95% of the BPO which we are not told what it is. We increased our offer to the bank meeting…
My son has hit a hard spot! The park manager where he lives is filing for eviction with the courts on Monday for lot rent non-payment, manager told
him he will only have 5 days to vacate. He is alos past due on his mobile home loan payments. Is this true, he will only have 5 days? Also, is there a way for him to convey this mobile home back to the…
I live in New York and am on the baord of an HOA.Has the new york law changed in reference to where we are on the list to be paid?
One homeowner has racked up over $20,000 in monthly HOA fees and late fees. This has been going on for almost 4 years. We currently have a lein on the property. She is in the process of filing bankruptcy.…
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