Foreclosure—questions & answers, advice and opinions page 149

Foreclosure has become a mature part of Live for many Americans.
My question today is: Do Banks have back up insurance to secure the interest in the property? Is the insurance company paying the bank if the legal owner of the property gets into a Default situation? There…
Purchasing a Junior Lien at a Trustee's sale
I came across a foreclosure on a Junior lien. I had a title search done and discovered that the same lender holds the first. The total of both origional loan amts are about 15% under 'current'…
What are the ramifications to me when property is foreclosed on by a HOA, who is the second lien holder, when first lien is current?
I owned a condo in NMB that was foreclosed on by the HOA for nonpayment of a large assessment. HOA acquired a second lien, foreclosed, and given title to the property without the knowlege of the first…
what did a foreclosure sale means and what is its purpose?
what did a foreclosure sale means and what is its purpose?
My house has been SOLD. I haven't heard anything...its nerve wracking!! How much time do i have before im forced to leave?
Is there a no# i can call to get detail information on when is my exit date? I rather be ready and packed up and have a rental place waiting for me, and not be caught off guard!! Please HELP!!!!
Can I negotiate with the lender to remove negative marks on my credit at the conclusion of a shortsale transaction?
I'm a homeowner in the middle of a short sale - the contract has been submitted to First Horizon and they have acknowledged receipt of the contract but not accepted yet. I've read that others…
my question is this: I am renting from a friend just found out that the house is in forclosure, it went into forclosure 3/31/2009 how long could it
be before we would have to move and will we get a notice for the county letting us no? the only paperwork that has come is from the banks lawyers. Thanks
unfortunately i have just been informed my home has been sold. According to the foreclosure attorneys the
property was bought by the same bank who held the loan for $100.00. Being a realtor for and loan officer for 3 yrs, I am in shock because the home where my family lives, my kids, my brother who is disabled…
I've had to file bankrup. & my home in Summerville SC is in foreclosure. My bankrup was filed this past Dec 2009 & I'm still living
in the home. Nothing has been received from the bank & no payments are being made. How can I find out how long I have to find another place & required to move out of the home. Thanks
I put an offer on a short sale home and his bank said that he could not sell it as it was to far into the bankruptcy process and was pulled off the
market, I really want this home , is there someone out there that knows what I can do to get the bank to sell it to me, or some sort of loop hole , if it goes to the sherrifs sale, how can I hunt it down?,or…
Recourse Loan or Non Recourse in California?
I purchased with 20% down, then refinanced three years later for the same amount (purchase was 217,000 after the 20% down 227,000 after the refi due to the closing costs being rolled into the new loan).…
There is a unit in our condo associations that is going to the bank for short sale however this unit is about 1 year behind on fees and assessments.
Should the association file a lien on the unit for back dues. If they do and the bank short sells it will the association collect monies due. What would be the best recourse for the association to recoup…
Is there have any angent are good at pre- foreclouse or foreclouse house?
We want a 3/2 single family home at south bay area. I guess only buy foreclouse protery can give us a chance to have the home we want.
Pre foreclosure stage. Is this a conflict of interest matter for litigation?
I am in pre foreclosure stage. A "friend" of the mortgage holder signs a short sell contract for 35% under fair market value. Broker then advertises sale but answers inquiries with story that…
I saw a foreclosed house listed on Trulia and called the agent about seeing it. After no return call I called again and after several days...
I received a call back from his assistant. She said that the house was under contract, that they've received some 50 bids already, and that he was no longer showing the property. The property is still…
lender wants "shortsale fees" at closing?
i have a shortsale contract on my property. the lender, american home mortgage, wants the buyer to pay a 1% fee at closing, and wants the seller to pay a 3% fee at closing. they will not accept a higher…
I have a notice of trustee sale. The sale amount is $237,499 and there are 2 loans on this property. The first is in the amount of $188,00 and the
second is $106,000. The home has multiple violations with the county. Are they satisfying both loans for $237,499 and will the violations interfere with the sale?
Hi, What strategy would you advise for someone who lost their job, fell behind in mortgage payments and is applying for a loan modification? Should?
I sell to an investor and rent until my credit improves? Or, should I sell now and improve credit in order to purchase again? Are their programs for homeowners who can't afford their homes and want…
Notice of trustee Sale in the amount of $237,499. First mortgage loan $188,000 and second home equity $106,000. The home has multiple violations and
construction is not complete. The home was originally sold to me as 2200 square feet. 1000 square feet were not permitted and not disclosed when I purchased. When I tried putting it back together I was…
How do forclosures work?
There are a couple house around my area that are up for forclosure. I was wondering how i go about buying one.
How do forclosures work?
There are a couple house around my area that are up for forclosure. I was wondering how i go about buying one.
How much is Fannie Mae asking for 7427 Moss Brook Drive? It has been on the market for almost 5 years...are they willing to negoiate with a previous?
resident? This house does not have to remain on the market however; will Fannie Mae reduce the price and discuss options with an interested buyer?
1.) How can WAMU charge off mortage that was included in bankrupcy? 2.) How do I get the tilte out of my name now that the bankrupcy is discharged?
WAMU began foreclosure on rental property 8/2007. WAMU stopped sherrif sale 2/2008. I filed Chapter 7 in 4/2008. Property included. The house is still in my name although the bankrupcy was discharged…
Thanks for the advice. Can anyone recommend a reputable attorney specializing in short sales and helocs? The one I have contacted in the past takes
awhile to get back to me from community legal and the attorney I met yesterday teaching about foreclosures and short sales his bread was buttered by representing the banks. I want someone who is willing…
with homes that are listed as forclosure, the amount show on your website is usually what i pay.I know they are certain bank fees plus other expense.
what process is there with me buying a forclosure.I would like to know what I need to do about buying forclosure.
How can I find a truly FREE listing of foreclosed homes ready for re-sale?
I need a listing of foreclosed homes in the Kalamazoo, MI area; specifically the 49048 zip code area. I am looking to buy a good home at a good price. Thank you.
i have been trying to buy a house for five months. We have been biding on reo properties but have lost over 5 bids. I am not low balling my offers
and have a preapproval with a conventional loan through suntrust bank. We also have a good amount of money for escrow. but we cant figure out why we are loosing the bids. Does anyone have any advice?
Minky here... Just wanted to say thank you for all of your wisdom. I had checked with my lender, filled out all the necessary forms for a loan mod
but did not qualify. I do love my home though it is very small. 702 sq ft. - just a little too cozy for a roommate and also Oakland requires I keep it as my primary residence (part of the loan contract)…
How can I find an agent experienced in dealing with foreclosed, bank-owned properties?
I'm interested in putting in an offer on a foreclosed condo in the Uptown area. The property is bank-owned and was listed by a local real estate company, but it now appears that the property is being…
Is it possible to find a honest Home Inspecter in Melbourne? This is an unregulated industry in Florida.
I just recently got stuck with a bad inspection. Where the home inspector missed alot of exspencive items. Now I have handed to my attorney to handle. What is this place the wild wild west?
need more information on #3001463120-coral springs st
Why are these homes selling for only $1000...explain please.
About rescinding a mortgage.
If it was done by a real estate lawyer the correct and legal way. And that there is a paper trial proving this. And that the mortgage bank still ignored it and forclosed on the home .Not telling anybody…
There is a house that WAS listed with a local agent. They handle foreclosures, which is what this house is.
Their 3 month contract ran out at the time we put in an offer and they do not know where the house is now. That was over a month ago and the house is in limbo we are told. Any idea what is going on?…
Short-sale offer on table for 9 months, bank said we were close to approval and then didn't postpone trustee auction!
I have been pending short sale since last JUNE. The original buyer was still on board, and B of A was doing nothing. Finally last month we went to the Equator system and it seemed like we were actually…
how can I find out who the attorney is on a sherrif deed?
I am divorced and have a lien on the property, I just saw it listed as a sherrif deed 12/9/2009. I was not contacted, I need to contact the attorney to tell him of my financial interest in the home.
We are currently under contract on a wells fargo reo home. We are closing around April 29. Is it possible to extend the closing a few more weeks?
Also,the FHA appraisal is scheduled for Thursday. The paint is peeling (its an old Victorian) will this blow it? And if so, will the bank wait for us to get a conventional loan instead of fha?
i want to buy a bank owned property. the house was foreclosed 11/09. i have been in negotiations with the bank. i was just informed that the property
has now been leased to the former owner that was foreclosed on in november. is this legal? i made an offer for the exact amount the bank has in it. something about this does not add up. please give me…
I need to find a townhouse under 130k in miramar in a good area that has more than one parking space preferbly garage, 3 bedrooms & 2 or more
bthroom and before April 2010.....Please help Email: This is a more detailed question then the one prior.
How long may a tenant stay in his bank owned property?
My neighbor above me (in a duplex home in Chicago) went into full foreclosure and now the bank owns the property. Problem is he is still living here and he has never paid any of his agreed bills. He…
if you let a home go into foreclosure, are you responsible for the remaining balance of the loan. My family has tried to work with WF for over a
year and they refuse to come to a reasonable outcome. we are thinking of walking away and starting over. been paying a "trial" payment for five months and nothing new... advise?
Oil tank winterization?
I am trying to buy a short sale home which has been winterized. During the dewinterization they found a bluish liquid in the oil tank (~5 gallons) and now say I need to replace the oil tank and pay for…
How can I find an agent that specializes in working with investors?
The plan is to buy the house, live in it, renovate it, and then sell it, so the house needs to be in a relatively safe location. I hear of investors buying intown properties for signifcant discounts at…
Can I negotiate with new home builders? How much can I negotiate off the base price?
And what are the factors to take into account while negotiating? I am planning to buy a home in San Ramon, Windemere. Its a Lennar home - 2600 sq ft, 6000 sq ft lot for 880000. Is that a resonable price?
How do I check out and ask about condo @ 428 Ena Rd. #B302, Honolulu, Hi.?
I would like to check out and ask about condo @ 428 Ena Rd. #B302, Honolulu, Hi. Robert Imagire (
I am looking at this home thta has went into foreclosure and my understanding is it will be auctioned off. How can I find out when and where?
I am looking at this home thta has went into foreclosure and my understanding is it will be auctioned off. How can I find out when and where?
Can a bank assigned broker force us to sign him as our agent prior to viewing the REO? We have contacted the
bank already and have submitted an offer conditional on viewing and inspection. The bank is out of state and hired him after we placed an offer and I know what he makes and what his job requires as the…
We received an Agreement to Vacate from Washington Mutual regarding the home we are renting. Now what?
We have been renting a home that is in foreclosure. The landlord assured us he still owned the property and we have been paying rent. We were going to move out but because of a job loss, our house we…
if i havnt signed a lease and now the house is in forclosure can the landlord legally make me sign one
the person that did sign a lease sub rented to me now they moved out and the house is in forclosure
Both my parents died, leaving a house and major debt behind. I have power of attorney. The bank is threatening to foreclose. What should I do?
The payments are stacking up and are now three months overdue. The bank wants $4,000 right now. The house is worth maybe $90,000. The mortgage and a line of credit on the house add up to about $76,000.…
how can i find out is house that iam living in and paying rent is in foreclosure?
because the landlord what me to buy the house i donot have a idea about buying housing
What reliable companies give REOs to Florida Realtors ?
I am a Palm Beach Realtor. I have many ready buyers looking for deal properties. Does anybody know any reliable companies assigning REO's to Realtors in this area? I would be grateful for any…
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