Foreclosure—questions & answers, advice and opinions page 150

I leased a home and have paid my rent on time now we find out the haouse was in forecloser when we rented the house and a trustee sale as well sounds
like fraud and I pay the water bill to him.He holds a month rent deposits 1 month estimated water bill I do not want to give him any more money and I am worried about the water bill .What can I do and…
Buy properties owned by a bank
The property I am interested is owned by a bank. I presume via a forclosure. Are there any dangers in this kind of purchase? Is there anything I should be be sure to check. Anyone have experience negotiating…
can I purchase on contingency to sell my own home?
I have a paid off home that I would need to sell in order to purchase a different home.
My condo is going into foreclosure my attorney wants 1,000 to retain him for a "deed in lieu of foreclosure" is 1,000 too much for the
attorney to do DIL and there is no guarantee that the bank will except the DIL from the attorney......should I just let it go into foreclosure...THANKS
I have 2 mortgages one I can afford, the other I can't, my life situation changed and now is too much, the property is new but because the
economy no one is buying, I am being evaluated for the president program to afford the home, however still being evaluated, I am getting behind in the payment because right not they have me an hardship…
Bet you've never heard of this situation. Here in Alabama, my husband & I lost our home to foreclosure almost a year ago. (right of
redemtion applies to 6-22-10) We still own 2 acres of land that cuts thru part of the foreclosed house (yes, the actual house) so the bank has not been able to sell. We learned yesterday that the bank…
Tenant failed to meet payment obligations, resulted in foreclosure. What options do i have?
In August 2009, i agreed to lease my home to a couple who wanted to buy it. i agreed to rent the property to them for $1500/mo. and they were supposed to pay $15,000. down on march 1, 2010 towards the…
how do you find free bank foreclosure homes in the area you want to purchase in?
I'm looking in the magnolia park area of burbank, ca. they are very small, older homes, and the prices skyrocketed in the past few years where i couldn't think of buying one. It's convienent to work…
Forclosure was initiated on my FL condo and since I stopped paying HOA dues they are threatening to put a lien on my property.
If foreclosure was initiated already can the HOA put a lien anyway? What are the ramifications if HOA puts lien?
I am making an offer to buy a short sale property in california. I live in Boston and will be relocating due to work. The home is a BofA
pre-approved short sale. I was told that BofA already approved a previous offer and during the process, the buyer's financing fell through. We made a good offer (above list), have strong financing,…
forclosure property, what to watch out for.
What homework needs to be done before buying a forclosure.
My house in to be foreclosed because I cannot afford it, a family member wants to buy the home which is a two
family so i can rent the partment i live in and he will occupy the other. This will be a shortsale because the property value is less than what i owe and its either sold to a stranger or to him who qualifies…
I just moved out of a house that is in Liz pendens, and will get an auction date on May 28th. I was the
renter, and continued to pay rent. Anyways The house is still going through forclosure, and the same lanlord cleaned it out and put it up for rent again. So the new renters will be tossed out not long…
Greetings! We live in MA but we are interested in buying a home in Fl. I am working and unable to retire for another decade but my husband is a
disabled veteran so he could relocate now. He enjoys his personal space and peace & quiet. I am a huge Disney fan. We'd like to learn about single family homes that may meet both our likes…
In Orlando Am I supposed to be paying my lanlord rent? His home is in Liz Pendens, and he has not paid since
January 2008, on it. It Is supposed to go to court in January 2009. Opinions please. He is not planning on pulling it out of forclosure either. Also, I signed a lease after he knew he was going to do this.…
I have 2 new houses, I bought less than a year ago. I am planning to call my bank on Monday to negotiate
since I can no longer make the payments since my husband was in an accident he is not been able to work. Do you think I could sell them in a reasonable amount of time I am not interested in any profit…
Is Chase just a good poker player, or will they just let a property be foreclosed and not receive anything on there second lein?
I've had several short sales this year where Wells Fargo held the first mortgage and Chase has held the second. It seems Wells Fargo has a policy of not paying more than $3,000 to the second lein.…
Can a landlord just do nothing?
Hi, I've moved from a rental in which the owner foreclosed without telling us. Not only did he not inform us of our tenant rights to either break the lease or stay, But now he is not taking our calls…
How do I get notified when there is an auction at the Alameda County courthouse?
Is there a better way to be in the know about early foreclosure opportunities? I would be buying all cash. (I get mls listings of low priced properties too.) Thank you.
What is the timeline that a bank (Bank of America) can backout of a contract to sell a foreclosed house?
Bank of America offered a foreclosed house for sale. We made an offer, BOA accepted the offer. The day of our closing BOA informed the realtor and me that they never had the legel right to sell us the…
Who can buy apartment in foreclosure and who gets the broker's commission ?
Apartment in New York City is in the process of being sold by the owner. There is already an agreement with the buyer. But the seller didn’t pay bank for some month and now bank wants to foreclose…
HELP! I recently came across a home for sale that I liked, I called the listing agent who told me it was bank owned and needs a lot of work. After
viewing the property, checking websites, and speaking to a mortgage broker I came to the conclusion that I will need a 203k loan. I currently do not have a realtor nor a lender. But I do know I have…
How to find foreclosures and confiscated homes at bargain prices?
I need a large in-law style residence at best price for 6-7 beds, 2 living, 2dining, 3-3 1/2 bath. Can I find a "foreclosure" for bargain price, or "confiscated" home auction, for less money? I will pay…
Is West Virgina a non-recourse state?
Is West Virgina a non-recourse state?
Active Short Sale Contingent. My Realtor said I couldn't write an offer?? It's due to foreclose on 6/21/2010...
I thought "Active-Contingent" meant no contract has been accepted. I was told that the offer was accepted by the seller but the bank has yet to approve it. I wanted to put in an offer for the…
I live in atlanta a house built in1960, so many reapirs needed. I was offered a modification on my 1st loan for 988.00 mthly, the 2nd has been
charged off because the value of the home has dropped to about 80,000 when i paid 126,000.00 total, should i just walk away? Don't seem to have the extra to fix house. Repairs include septic tank…
Hi, I'm an international buyer ready to make a cash purchase. I'm looking to buy in Allen Park or elsewhere if soemone can give me a
better option I think the movie studio in Allen Park will help make prices increase quicker there than elsewhere. I am however open to other areas. I'm looking to buy a property up to $20,000 and…
My friend just signed a lease to rent a house and a week later she was told that the house is being put on short sale and now someone is bidding to
buy the house. Is she protected with her lease documents or can the new owners kick her out when the loan is finalized? And will she be able to get her deposit back?
lease holder's fait on sheriff's commercial property sale
“we are commerical tenant i.e. 20 years lease holder and property went for auctioned and bought by third party. what are the consequencies for us . ” in Pennsylvania.
There is a Townhouse that we would like to buy, where the owner just walked away a week ago. I wrote her a letter telling her we'd be
interested in a short sale but haven't heard from her. Does a short sale have to be done by a realtor? Or could we do a private one and hope the bank accepts it. If I don't hear from her,…
Trying to avoid foreclosure
This is for someone I know. Said person owns 2 rental properties, and 1 property has already gone into foreclosure, and trying to avoid the same fate on the second property... mortgage was $ 110,000,…
If we are letting our house fall into foreclosure, how can we get out of paying our new special assessment, of over $3000? I realize our association
can kick us out if we miss our assessment payments under normal conditions, but can they do that if we are in foreclosure?
In terms of a percentage, what is a fair discount for forclosure home as an offer?
I want to purchase a foreclosure, but I have no idea what return on investment the bank seeks.
I bought a vacation home several years ago, at the peak of the market. Property is in foreclosure process. I owe 400k, it's worth about 250k
The lender's attorney just sent notice to the court that they are withdrawing their request for motion of summary judgement of foreclosure. Why would they do this? Do you think I am "out-of-the-woods"…
Vacaville Ca private foreclosure- auction price?
Auction price? Private foreclosure in Vacaville, CA. We are holders of second trust deed for $80K, and we are due to go to auction in 9 days. We know we are taking a loss, but how much? The first is…
I have literally been waiting for a short sale house for over 13 months now. Is that too long?
t seemed like we were finally about to close but then the appraiser came back with his report and we have been told it might all fall though. I know this is not normal, but am I completely being taken…
will the banks come after me if I walk away from my rental property?
Okay, here's the details. My wife and I bought a house from my father in law in 2005. He was the actual loan holder and we made payments to him. We did this so we could get into the housing market.…
Do we Buy the First TD note or do we Payoff the First TD note that is in foreclosure ?
We invested in a second mortgage on a home in CA. The first and second are in default. we want to payoff the first to protect our second loan interest. Not sure if we payoff the first or buy the note…
I am no longer living at the residence, which I had requested a refi with cash out. I have advised my credit
union that I will no longer be paying the loan. My name has been removed from the title through a Quick Deed. What are the consequences and who does the credit union go after the repayment? Me and my other…
I am interested in Bank REO's and would like to know if any of this info still holds true from two years ago?
This could possibly lead to short sales and building my business long term. Looking for rehabs, and other bank interests to return properties to a profitable position for both parties.
Does an agent get a commision on a house that is foreclosed on and goes through the sale process.?
I have a house that has been on the market for 2 years. We were no longer able to make the payments and now the house is going through the foreclosure process. When and if it is sold at the foreclosure…
I am three months behind in my mortgage. I have been in a process of filing for a hardship with my bank. My husband had past away and I dont want
to lose my house. However, now I lost my job but I know I will get another. It is a new house. Now do I advise my bank I lost my job while filing a new hardship case or do I just file with them knowing…
I purchased a lot in south carolina 3 years ago for $280,000 in a development. The lots are now only worth $50,000 due to all the foreclosures. I am
not sure if I should let it foreclose. Cannot continue making payments for several years until value comes back (if it ever does). Should I try to get financing to build a house on this lot and rent it…
I have found a property i want,problem is its not on the market and i called the bank that has the loan on the house and all they told me is that its
legally tied up and cant foreclose till the matter is resolved.They wont tell me anything.is there anyway i can find out how much this property is going to be so i can plan ahead?
our home was repossed two years ago yet we are still paying the second mortgage. legally are we still required to make this payment. In N. Carolina
we have questioned the lender but they just make threats. we do not have the money for an attorney or to file bankruptcy
I'm interested in a short sale, but on the door there is a notice to vacate and the name of a new real estate
company. What does this mean for my ability to purchase the house? Who do I deal with - the old or new real estate group? Any suggestions on how to get the house?
my home was sold right from under me while I thought loan was being modified i see this about redemption period can i do this in ca and how long do i
What really is a bad faith practice of a bank. Can they lead you to beleive there helping you and just sell your home. What laws protect the owner.
Underground Propane Tanks & Foreclosure
Purchased a long vacant/foreclosed property. Title/Deed specifically state all fixtures are the property of the buyer with no exclusions listed. No leans or other claims were filed against the property…
I'm a buyer with an active contingent contract . Any ideas as to when wells fargo will approve?
seller has lis pendens filed on the property that he has never occupied. would like to get answer from bank asap.
What kind of foreclosure or short sale information would readers in Warren County NJ like most?
I've handled many "distressed property" transactions - short sales, bank-owned REOs, preforeclosure, althernative, etc. Are there topics or issues about which you'd like more information?…
I live in Georgia my name is Mercedes.What I need to do in case the house I rent have problems of foreclouse?
I rent a house and my contract expired in march, I haven't seen my landlord since february, I tried to contact him but he's no working in the same place and he don't respond the…
I notice homes for sale in Oviedo for $1000. What's the catch?
What are other costs that can be factored? Why are they only going for $1000?
How can I find out more about HAFA program?
I am interested in this option, but I don't know where to start.
REO Foreclosure closing date.
I have put in an offer on a REO Foreclosure that is above asking price and it has been accepted but I cannot close for 65 days. The bank has asked to close in 45 days. What are the chances the bank…
I am late with my mortgage payments, but no default has been filed yet. My tenant asked, so I told her that it was my intention to allow the bank to
foreclose but that I would work with the lender to ensure she could stay through the end of the lease. She just moved out without notice to me & told me she wants to take my appliances as compensation…
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