Foreclosure—questions & answers, advice and opinions page 164

REO offer verbally accepted, two weeks later no news
I put an offer for a ROE in FL (5% above asking price), and it was verbally accepted. But it's been two weeks with no news. I know that verbal acceptance does not mean much, but I don't get ANY…
MY home is in forclosure & my girlfriends name was put on the deed just in case anything happened to me. Now we recieved a lawsuit for the
forclosure & she recieved one as well. She has no financial interest in the home, at least that is what we were told at the time she signed the deed, why & can they sue or pursue her?
If someone is considering letting the bank foreclose on them, would they also consider filing bankruptcy?
I get the feeling that a lot of the people considering or letting the bank foreclose on them would think that filing bankruptcy, being evicted from an apartment or accepting food stamps would be "out of…
Can I get a better deal buying a short sale or going to a sheriff's sale?
This question is asked alot of me as a local Realtor. Many factors come into consideration to answer the question correctly. First is, is this an investment for you to flip or rent out? Is this a home…
I was the high bidder on an auctioned property. Do I need a lawyer and/or title insurance?
I recently was the high-bidder on a property and am waiting to hear if my offer has been accepted by the lender/seller. I understand that the lenders/sellers duty is to provide me with the title to the…
My home has major foundation problems. The floors have a serious pitch in angle. I have MS which makes it hard to walk on level surfaces. I need out.
I am concerned about my personal safety among other things. Just taking a shower or washing dishes...etc is a hazard. I pay my bills. I really don't care about my credit. I just need out. Is foreclosure…
What companies provide, for a fee, Lis Pendens lists for various counties in Florida and other states?
I'm trying to find a reliable, competitively priced data service that provides fresh Lis Pendens lists for various counties in Florida and other states. I want to use the lists for postcard marketing for…
My landlord is already in short sale and home is under agreement. who do I pay my rent too?
Landord has never told me his home is in a short sale I found out by my sister who is an agent. Home is under agreement and rent is due who do I pay. Landlord still has not said a word
Need Advice on "Short Sale" or any other solution
My husband and I purchased a home in early 2007 (monthly payment is 41% of income - most our income generated from my job). In Oct '08, I lost my job. I have agressively contacted my lender since…
info regarding bank REO property
Where can we find the info regarding bank REO house? I heard it's easier to get a good deal from bank owned. Does anyone know a useful website for these search? Thanks in advance.
Looking for an agent who specializes in short sales/foreclosures in the Bucktown, Wicker Park area of Chi. I would greatly appreciate any suggestion.
I am pre-approved and starting to look at housing in the Chicago area. I have several questions about finding short sales/foreclosures as well as different loans I may need for those types of properties…
ely new 55 community condo foreclosures in suffolk county ny and short sales.
Want to find condo foreclosures, bank-owned, or short sales in newer 55 condo communities in suffolk county, N.Y. Where can I look? Want a gated community, a two-story structure, either end unit or…
What does foreclosure (auction), notice of default, bank owned means? Homes prices are starting $2700.
could you please tell me why prices are so low?What does it mean?How is the process to buy a foreclosure house? I think I really need very detail information?
We were summoned Oct 29, 2009 for foreclosure. Are there any realtors in the will county il area that work with loan modifications.?
Are there any realtors who have experience with foreclosure and loan modifiction negotiations with banks in will county il? I've talked to lawyers, counselors and agencies but I either cannot afford…
My friend's father just recently bought a foreclosure. He got the house for $58,000 and put down 10%. Is this the typical of purchasing a?
My friend's father just recently bought a foreclosure. He got the house for $58,000 and put down 10%. Is this the typical of purchasing a foreclosur .
How do I buy a foreclosure house in state college area?
I am interested the house on E Irvin Ave.. This is the first time I am going buy a house.
We recently bought a house:
We have a contract on a house: http://www.trulia.com/property/1032549788-6-Abington-Ct-Fredericksburg-VA-22406 The sales history shows a drop of $132,000 in 4 months. What could cause this? Could…
I am renting a home in ohio that is being forclosed. A PAS Representive placed a financial relocation agreement on my door and said if I do not sign
and agree to the money they want to give me to move I will be put out in less than 10 days. What is my right
i want to find out info about an upcoming property auction in orland park, il.
we believe the property has two mortagages and the auction is for the primary mortgage. what's best way to find out info to see if I can buy the property at auction etc. Auction is 5 wks away.…
Tenant renting house thats in foreclosure.
can you receive cash for keys before a foreclosed home goes into auction? If owner is working with a real estate agent to do a short sale can the tenant who is renting ask for cash for keys from the real…
Hi, we were just involved in a short sale for 69767 NorthHampton Ave., Cathedral city, CA. 92234 and it went into foreclosure today. Our loan was
approved but the second on the home wasn't clear-is there anyway that we can still get the home? It goes to foreclosure on 10/07/09. thanks. Melissa Patton 530-541-1557
im looking to buy a prefoclosed or bank owned property. pointers please
im pretty young still but i have very good credit. escpecially for my age. i dont want to rent anymore because im tired of throwing hard earned money away. i just would like some pointers on how to do…
Do I have to pay any of the delinquent taxes?
I am purchasing a foreclosure home. I just found out that there are some delinquent taxes on this property. is delinquent taxes a type of lien? and the seller wants me to sign a lien waiver and hold…
OK, Let's say you have a FHA mortgage in Michigan, the home was sold during the sheriff sale , so the home is now in foreclosure, but you find a
short sale buyer during your redemption period who is willing to pay less than what is owed on your home, the bank is willing to accept the offer, will the foreclosure remain on your credit? or will a…
Foreclosed houses
I'm seeing alot of foreclosure houses listed on this site and have made an attempt to contact the bank in regards to a particular house. That bankclaims they don't own the house. How do I go…
We have recently lost our jobs and will be unable to pay our mortage. We have a first and second, which is
more than the house would sell for at this time. Would it be wiser to do a short sale or foreclose. We would appreciate any answer to this issue.
Does anyone know how to buy, or who to buy from, Bulk Amounts of REO Properties?
I am running into a lot of road blocks. I have a group looking to buy a bulk amount of REO's and/or non-performing notes.
How many of you see doing short sales as the main way to generate income for the next few years?
This does not necessarily reflect on how you feel or what you are doing now, but more on what you see and if this is a strong position for this market?
Rented House in Foreclosure in Florida I was hoping someone could give some advice. My husband and I are currently renting a house and we are
about 9mo into our lease. We recently found out that our landlord stopped paying the Mortgage on this house about 4months ago that we are living in. He/they are now 4mo behind and the company has said…
In Michigan can my 2nd lien holder come after me for any balance owed to them in a defalt
I am 7 months behind due to lay off. I just got an offer for a short sale. Both banks have been sent the information and are in the loop. If the short sale fails, then the home will go into foreclosure.…
I just heard about a Realtor who has represented several buyers with short-sales and who gets banks to respond faster by writing offers that decrease
as time passes. For example, his buyer may offer X amount if accepted by November 30, x -$10,000 if excepted by December 15, and x -$20,000 if accepted by Dec. 30. This is a general example of course.…
Can i list my condo as a short sale price even though i received foreclosure mail from my lender?
I am the primary resident and 2008 proptaxes are paid. Everything else is 5 month late. I cannot modify, they denied. Plus the hoa dues are almost twice as much as my mortgage. So the mortgage reduced…
We are a no-upfront fee loan modification company that only collects payment upon a successful loan mod/forbearance to mod. In the past several
months we have experienced a high number of clients refusing to pay our fee after we have successfully modified their loan . Can we have the client put the money in an escrow account and still be considered…
loan modification with Wells Fargo
I have a 10 year ARM, interest only loan, with Wells Fargo which I call a "predatory" loan. I got the loan in 2005 and I have been making payments ontime. However, I am finding it difficult to make the…
please help. doing a short sale; How do I get a copy of a deed; a tax map number; also need a legal description? prpty is in Surfside Bch SC-Thanks
owner does NOT have deed; can't locate; we are in Denver COLO; snowed in! pls help need immed; Auction date soon; address of property is 102A N.Poplar Dr, Surfside Bch SC 29575 - any & all help…
HI I AM BUYING A FORECLOSED PROPERTY IN MASSACHUSETTS AND I AM DEALING DIRECTLY WITH THE MORGAGE CO. DOES MASS HAVE A REDEMPTION PERIOD?
REDEMPTION PERIOD FOR THE PREVIOUS OWNERS TO RECLAIM PROPERY? HOW LONG CAN I WAIT TO GET MY TITLE 5 IS IT 2 YEARS FROM TIME OF TRANSFER OF TITLE? THANK YOU
How do you find lists of local tax foreclosure properties for sale?
I know you can buy homes for the cost of owed back taxes and I want to look into this option, but I can't seem to find a list. Maybe I just dont know where to start. I am looking in Lincoln COunty, OR.
I have been laid off for over a year now and my home is now going into foreclosure. My parents have offered to buy me a small house. My question is
If they put the house in my name when the house I'm in now forecloses can the bank come after the house my parents buy if it is in my name? Should I have them put it in their names or will it be safe…
Will the banks that got bailouts ever help the property owners by reducing the total?
loan amount? The value on my home has gone down by 60% and is going down even more. I lost my 60K down payment, obviously. I am working only 3 days a week and am having a hard time. They only want to…
how long after a bankruptcy can I buy a home?
I'm filing for bankruptcy. All the debt that we have accumulated, including the mortgage, is under my name. We are giving up our home and moving into a tiny apartment to save some money for another…
On a Michigan home REO (Indymac) I offered cash, $4,000 over asking, no contingencies, closing as fast as the bank wants.
20% earnest money and included a copy of the bank statment showing the funds in cash available. They came back yesterday and asked for highest and best. I stayed on my offer, what do you think of this…
using escrow comp. They tell me no need for lawyer or notary for a cash deal. Is this correct? what is the normal practice when involving escrow?
I am a foreign investor and I am in the process of buying home in california for a cash deal. Escrow comp tells me no need for notary as it is cash deal. I did not get a receipt for my payment to open…
We own 3 properties, 2 of them are valued much less than what we owe on them. If we foreclose on one of the
upside down properties, will we have to sell the property that still has value to pay off the difference on the upside down property?
I have priced quotes for general liability in our property preservation business. We have come up with a quote of 1,550 for the year for 1 mil does
this quote sound fair. Or does any one have any suggestions on company that has given fair quotes for general liability for 1 mil.
I filed for bankruptcy and was discharged, My home was in no way implicated. I was told by my lender that I was not qualified for NACA's
assistance. I'm currently negotiating with NACA to have my mortgage modified, I also lost my job in January. My lender says there's nothing they can do their hands are tied and is refusing to…
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