Foreclosure—questions & answers, advice and opinions page 164

After the sheriff sale on my property in MN, am I able to still sell it to an Investor. Within the redemption, do i still have rights to the
property? My 1st and only mortgage was for $117,000, and the bank purchased it at the sheriff sale for $$83,700, and assigned it to another mortage company. An investor is talking about maybe performing…
Okay All the advice I got from you all makes sence. There was alot of issues in the begining as far as financing. I intially was going conventional
but I dropped the broker because he was asking for way to much money from me on top of the loan. I did not go with home path because I was already approved with my bank and I did not want to make things…
I want to make an offer for a foreclosure owned by IndyMac, but the listing agent refuses to accept any offers (except the "one" they have
already sent in) even though the home is still listed as active. Is it possible for me or my agent do submit an offer directly to IndyMac? Also, is there foul play involved on the listing agent's…
How can I find out if the home I have been renting for over three years is going into foreclosure?
Have been receiving certified letter receipts for the owner of the property who lives out of the state and people knocking on the door with id badges looking for her. Concerned that she is not paying…
We were discharged from a Ch7 BK in Jan and have been waiting for a trustee sale date. The home was included in the BK.
The trustee date is now fast approaching and we're not getting instructions from the bank on when we should vacate the property. Our BK attorney told us about a "cash for keys" program,…
I have 2 morgages on my home with the SAME bank. (80 / 20 loan) They offered me a Deed in Lieu of Foreclosure. Is this possible with 2 loans???
When I purchased my home, I did it with no money down. I was able to purchase it because I did an 80 / 20 loan (SAME Bank). Both mortgages are the original loans / mortgages that I had when I purchased…
Well I have been in the process of purchasing a forclosure home for the last 4 months. I went FHA and the home is being sold as is. My finacing was
approved. Well an appraisal was done and there are some repairs needed. Com to find out that the repairs are bigger then what was expected. The sellers want me to pay for all the repairs. My concern is…
Foreclosure Cleanouts: Why The Big Interest?
Here's a return question for all those posting questions asking about how to start a foreclosure cleanout (or property preservation) business: Why all the interest? It's certainly a legitimate…
Does the The Mortgage Forgiveness Debt Relief Act and Debt Cancellation Act of 2007 cover homeowners doing a Deed in Lieu of Foreclosure?
Does the The Mortgage Forgiveness Debt Relief Act and Debt Cancellation (The Mortgage Debt Relief Act of 2007) cover homeowners doing a Deed in Lieu of Foreclosure?
I have been working with a realtor and there is nothing in the purchase agreemant about me NOT getting the earnest money back. I am using my local
credit union as my lender. I understand what the FHA requirements are. My finacing has been approved. And now with the work orders in place the sellers don't seem to want to budge on working something…
Can you please tell me when the house at 8104 Sully Drive will be up for Sale?
Please email me back at Heather.Donaldson@manheim.com
Foreclosed condo 2/2 in South Beach or downtown Miami needed to meet current demand. Please provide me your own listings for review and
presentation to my clients. I am a native of Miami Beach and active RE Agent on the Treasure Coast - Buyers have cash up to $200K. Thanks for your feedback!
How to release ownership of house?
I obtained a home via a Tax Sale. I was investing with the intent of the return on the late tax penalty - not to get the property. Regardless, the property did not redeem, so I got a Tax Deed to the…
So with a short sale, the property is not owned by the bank but the original owner???
I believe this was originally listed as foreclosed - is thiscommon to reverse and go to a short sale status? There were large tax liens on the property also. I thought a foreclosure meant it was completely…
liens searches
How can I find out if ther is a lien on my house today?
My Hubby and I have a first and second morgage. Do we walk away from the house.?
When it goes into forclosure? does that mean we have to pay it back eventualy and what happens to the 2nd morgage? Help We Have No Idea. We are in the state of Oregon. Help we have no Idea what foreclosure…
Any guarantees to get rid of a LOC when a short sale happens. 1st loan with BofA, LOC is was with WAMU. See below for the story. Thx.
I asked a quest. earlier but I'm sorry i wasn't clear enough for your great answers. My husband and I still live in the home together and work together on this matter & we are considering…
I am interested in a house that foreclosed 2 days ago. Can I work with the bank to purchase? Or do I have to wait for it to re-list as a bank owned?
I have been interested in this house for several months, but could never get in because of tenants. I saw it became bank owned but am still very interested. I don't want to wait for 2-3 months for…
how do i use case numbers to retrieve address to forclosures?
found the motgage forclosure calender for pinellas county, would like to reseach properties further, no addresses listed, just case numbers & owner names.
I'm looking for an expirenced agent who does SHORTSALES in Brooklyn and Queens.
if you are an agent: call me directly and we will discuss numbers. Direct: 516-244-9633 E-mail: reobuys@aol.com
Looking for a place near Bake and the 5 freeway for about 15 months.
I currently have 2 other properties and I don't really want to to sell them. Arethere any good deals for a short time stay to support work in the area. Commuting 47 miles right now and don't…
Does anyone how Lake County Indiana handles Sheriff's Sales? Do you have to leave immediately or are you given a few days? My daughter is going
through a nasty divorce and the house is in her husbands name. He said she could have the house (in the pleminary court documents) but no one can give her any information on what to do. HELP!!
In California, Is it 90 or 120 days to file a NOTS after receiving an NOD? It used to be 90 and I thought it was now 120, but not so for my neighbor.
I'm a Realtor in Oceanside and was following a property in my neighborhood who had an NOD filed in late January. I thought that California has extended the time from 90 to 120 days to file the NOTS,…
I gave my ex husband the house in the divorce. we have a lien on it when the divorce that was the only bill i got to pay the lien @ n100.00 a month
he got other bills he hasent paid on well he did not pay the mortgage for 6 months on purpose you know it man so he decided to short sale now it is coming time the Realtor comes over to have me sign the…
What kind of assistance does CalVet offer customers who are finding it difficult to pay their mortgage? I
bought my house at $384,000 two years ago, and still owe $300,000. The house is currently worth $210,000. I am having trouble making the mortgage payments as the result of recent changes to my income.…
Hi there. Have REO question.
Perhaps someone can help. I too have my eye on a REO. On the market for at least 6 mos. if not more. They started at 220,000 reduced to 218,000 and are now asking 199,000. The home was completely redone…
I would like to find out how much a house in Roselle IL was purchased for in a foreclosure in 2006?
I ended up buying this house from a guy who bought my sister's house in foreclosure. He was evicting my sister and her two little girls, so I bought the house in Sept. of 2006. I'm sure I paid way too…
Pros & cons of using the listing agent as the buyers agent.
In VA, can a listing agent also be the buyers agent? This is a foreclosure property that I'm looking at. What are the pros & cons of using the listing agent as opposed to getting another agent…
Can a lender be held accountable for money they dispersed on a construction loan. Like $22,000 when contractors license was suspended.
My lender gave thousands of dollars to my contractor for work that was not performed. In addition the lender gave him $22,000 while his contractors license was suspended. Can the lender be held accountable…
My husband and I would like to buy the house we're renting that is being foreclosed on. How do we do this?
My husband and I have been renting a house in Santa Cruz, CA for 3 months and the owners told us the house will be foreclosed on around the end of August. We have fallen in love with this house and would…
I am closing on a vacation/retirement house next week. My realtor has been just super, showing us places for a few years at our convenience. Since we
live in a different state and will not live in this house full time for about 10 years, I will not have referrals to send her. I have made her a piece of stained glass and a gift basket of stuff from our…
Pay Debts Before Short Sale?
I am beginning the process of short selling my condo in the desert. My question: if I sell my assets (I have around $85,000) to pay for other outstanding debts (besides the mortgage) totaling around $85,000…
What happens when part owners of a vacation home walk away from their maxed out mortgage of their primary home? Does the bank take the vacation home?
three adult siblings own a secondary vacation home, which has been left in a trust to them by their still living parents. One of the siblings (and her husband) are walking away form their primary home,…
i live in warren ohio there is a foreclosure listed for 189k which is under the amount owed on the home of 195k other homes in the area are listed at
220k but are not sell and remaining on the market for 180 days i was just wondering where to start?
I recently sold a property on a shortsale and now the 2nd lender is coming after me for the balance of the loan. I had told my real estate agent
during this process to make sure the lenders sign a waiver saying they will not come after me for the balance, but this was not in writing. The 2nd mortgage lender slipped the wording into one of the letters,…
What happens in when a condominium complex goes into receivorship?
What is the process when a new owner buys the entire complex -- what happens to the individual unit owners? Thanks.
we offer 225k on a reo which was listed for q 225k, the listing agent stated that their was a cash offer for 205k, our agent received and email
highest & best we offered 245k, were to responde by 6pm that same day. so it turns out that by 4p tthe status on MLS was changed to pending. How can i find out if the listing agent presented out…
If I do a strategic default on my condo, can the bank (same bank) touch my bank accounts? In Florida.
Most of my income is from social security and pension. Very small savings.
Lease the property month to month while in a short sale?
We are the only accepted offer with Countrywide. The owner of the house cannot afford the upkeep any more and has approached us to lease the home while we are waiting. 1. We would stipulate in our…
Am I responsible for HOA dues on a foreclosed home even if I didn't sign the HOA agreement? Yes, I am on the title and mortgage.
I co-owned a home with a friend and it was her responsibility to pay the mortgage and HOA dues since she was the one living there. Therefore, she was the only one who signed the HOA agreement. But I was…
We made an offer on a short sale through bank of America. It was "supposedly" approved/accepted on April 7th---We demanded something in
writing to show they actually approved the sale---We were told not to worry and to move forward with inspections etc...Our close by date is April 30th and now the selling agent is saying they can not get…
My significant other and I bought a condo three years ago for $305,000. He has been unemployed for a year and a half and we are now splitting up.
The same condos in our development are now selling for $189,000. The bank has been unwilling to work with us because (1) we have been paying the mortgage and (2) We are too far underwater and have no equity.…
Short Sale Procedure??? Can it go into foreclosure after short sale and what would force it to get to that stage??
I am currently living in one unit of a two family which is in short sale for approx. 6 weeks. There is an IRS lien on the house and for the past year, the rent has been paid directly to the IRS. Since…
I am struggling and can't afford to make both my 1st and 2nd mortage payment next month... if I can only
afford to pay one, what is the best one to pay ? Who can foreclose quickest for failure to make mortage payments... the 1st or 2nd mortgage company ? How does that all work ?
We got verbal approval over 6 weeks ago on a house and we still do not have a written approval. We are trying to make the June 30th deadline and it
is looking like that is not going to happen. BOA keeps on requesting financial documents from the seller, almost on a weekly basis. The listing agent doesn't understand why but sends the documents…
Our home was in foreclosure, retained attorney that PROMISED everything was taken care of and that the sale date had been stopped. House is now sold
Our home was in foreclosure, we retained an attorney that PROMISED everything was taken care and that the sale date had been stopped. They said the bank signed off on it and they were faxing back and forth.…
How do I find out what is owed on a foreclosed home being sold at county auction?
Looking to possibly purchasing a home through Sarasota County Auctions. How do I figure out the total amount I would be responsible for (primary loan, back taxes)?
what is the time frame on a defult to pay or quit? and how does that work??
I was doing an owner financing with someone and i needed to move out of the house I found someone to take over the payments but will not move in until November menaing i would have to make the October…
When dealing with foreclosures, what is the rule so to speak, when making offers to the bank?
If they are asking $127,000, how do I know where to start my offer? Is there a rule of thumb, or does it depend on a plethora of factors?
Can you prove that your short sale listings sell? $100 if you can. I'm a NV broker interested in buying
houses but find that short sales seem to offer false promise to sellers. We currently have 10,000 short sale listings in the Las Vegas MLS and only 50 of those are removed each week. If you are the first…
I am a a little confused, on a short sale, is it better for the appraisal ordered by the bank to be higher or lower than the offer made by the buyer?
Will the lender more likely approve the offer if the the appraisal he requested comes in lower than the offer made? Thanks!
ok im in need of some serious advice!!! so this is what happened.we got a letter saying that the property we rent has ben forclose , so i contacted
our landlord and she said that it was all false and that she was still th elegal owner. the papers we recieved said otherwise so after contacting the agent from the new managemnt he told us that it was…
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