Foreclosure—questions & answers, advice and opinions page 152

i have a property in forclosure i have 2 questions. first, what affect does the property being located on
indian leased land have on the foreclosure process. 2.) at what point can the foreclosure process not be reversed on the part of the trustee? In other words, I know that we could not reinstate the loan…
I took out a home equity 1st lien loan in California to build on it. I am no longer able to make the
payments and the bank will not modify? Can they go after my other assets?
i loaned money to someone and for collateral they put up their house. due to many no-payments i was forced to foreclose on his house. im the new owner
the deed upon sale form was filed with the county on 04/23/10. the previous owner has decided not to vacate the property. what is the fastest way to get him out?
Family looking for lower cost rental house.
How would I find a family near forclosure that would like to rent their house in Tumwater, near elementary schools. I Family would like to rent long or short term. Moving to Tumwater area in early July.…
can HOA foreclose on my house?
I did not know about HOA now they are trying to collect past due I wrote to ask for a payment plan but no answer can the foreclose on my house
I've submitted an offer for my buyer- the house is listed at 179900 as a bank foreclosure. They offered 120,000 and raised the offer over time to
129,900...There is a listing agent that has to submit the offers online. It's been since March and the bank has not responded to any of the offers. Not a decline, counter or acknowledgment. Is this…
I am under contract on a foreclosure and cant get in contact with the listing agent and I need to close soon to receive the tax credit. what can I do?
I am currently under contract on a foreclosure and my agent has been unable to talk to the listing agent since the contract was submitted. Per the contract I had 7 days to conduct an inspection. The bank(or…
I've submitted an offer for my buyer- the house is listed at 179900 as a bank foreclosure. They offered 120,000 and raised the offer over time to
129,900...There is a listing agent that has to submit the offers online. It's been since March and the bank has not responded to any of the offers. Not a decline, counter or acknowledgment. Is this…
How can I get jobs cleaning new ,foreclosed, or rental houese?
How can I get jobs cleaning new ,foreclosed, or rental houese?
I have a purchase transaction, I am doing the loan it is a short sale we are in receipt of Condition short sale approval. original sale date was
2/11 but postponed to 6/11/2010. while waiting for final SS Approval lender moved the sale date up and foreclosed because (investor) said he did not believe buyer could close the deal. (We were waiting…
how do I find Real Estate Auctions in Queens?
Any website links or advice that can be referred would be greatly appreciated. Rafael Rey 516-244-9633 REObuys@aol.com
I have been in a land sale contract for 4 years paying the owner his mortgage payment, his taxes,all upgrades and 600/ extra to go to equity plus a
down payment was made. All monies went through a mortgage company, however, he took the payments but did not apply them. I got a notice on my door of foreclousre. Apparently he let the house go into foreclosure.…
Hello, my house in TX was foreclosed on June 1st by my 1st lien mortgage. Nobody seems to give me the total figures to find out if the sold price of
the property was a short sale or if it was high enough to cover some of the second lien mortgage. I know that the current market value of the property is about 35k higher than what it was owed to the 1st…
How do I find real estate auctions in Brooklyn?
Any website links or advice that can be referred would be greatly appreciated. look to purchase 1-4 family homes - fully renovate inside and out and rent out. Rafael Rey 516-244-9633 REObuys@aol.com
How Long does it take for a REO / BANK OWNED / FORECLOSUER / SHORT SALE?
It has been 2 months and I do have a agent working with me but not the listing one.. I have not heard anything about my offer. Good or Bad. What takes so long to hear from a bank and I thought banks didn't…
daughters home is being foreclosed on after Wells Fargo failed to give her the promised loan modification she was promised after successfully
completing six months of jumping thru their hoops. What can she do to insist on a short sale or deed in lieu?
Who do you contact if you were misguided by your mortgage company? My parents foreclosed in 2008 but were previously refused any type of modification
Attorneys or associations that help people that believe they were not treated fairly by their mortgage company prior to foreclosure.
why it makes sense for me to strategically foreclose?
I bought a condo in 2005 for 500K. Due to HOA litigation and overall market conditions the condo is now worth 300K. I have plenty of cash. Give me one good reason I shouldn't do a sttategic foreclosure?…
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.
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