Foreclosure—questions & answers, advice and opinions page 170

Will a Lender allow me to get a home loan that is over the general limit of 31% to 36% of my monthly income?
Will a Lender allow me to get a home loan that is over the general limit of 31% to 36% of my monthly income,like a home that is 37% if my monthly income, and if so how? I have 7% down payment and can…
if my property is foreclosed can a lender place a lein on a seperate property
seperate property is a vacation property in another state
can someone tell me if these people are for real: www.anchorhomesearch.com
Claims you take over the owner's deed, in other words, continue with the mortgage payment. "Works with all the banks" "there are no down payment, no credit." -- "They are…
Bought a house, remodeled in CASH, heading for foreclosure, can we remove cabinets that were NOT financed?
my husband and I bought a house 3 yrs ago and it was a shell. there was NOTHING in it. We put in new cabinets, windows, carpet, hardwood, 2 new bathrooms, etc. We paid for all of the remodeling in CASH.…
How long will it take for the bank to accept our offer on a foreclosed home? We made an offer on a home last monday and we did not have the pre
approved letter from their bank that they wanted until thursday, which we provided to them on the same day. We found out monday that the delay was the there was another offer that was already accepted…
What does it mean when a bank asks you if your offer is your "best and final offer"? I made an offer monday for a foreclosed home. I
offered asking price with 6% closing cost paid by the seller (bank). Apparently there were 3 contracts, one which fell through and now I am guessing it is between us and someone else. So they called my…
How bad could a bank addendum be?
How bad could a bank addendum be? A property (foreclosure) of which my offer may be accepted has a bank addendum that I will not know about until my offer is accepted. How bad could it be? Like what are…
Are you seeing more water damaged foreclosures now that the ground is thawing?
Lately, I've run across and heard about foreclosures being unnecessarily damaged by water and ice simply because power was shut off to home. As a real estate professional, how should this be handled?…
I have a client that was told they would be able to keep their home that was in foreclosure if they filed bankruptcy and that the bank could not
take it back then, everything I have been taught says this is not so true. I have found some bankruptcy attorneys to not only know very little when it comes to real estate but they have advised my clients…
Is it wise to renegotiate or to work out with the lender to modify a mortgage loan if I should go back into vacated home that it's in the?
process of foreclosure now? I included and surrendered this home to the lender in my chapter 7 bankruptcy discharge in june 09. what happened with the 1st and 2nd mortgage if I want to keep this home…
Is there a phone number I can call regarding a property?
The property was bought by your bank on Nov 18. I have a second position on the property. I also live next door and I have an interest in purchasing the property.
Can I change realitors on a foreclosure home? I have a contract signed by the home owner...
First we were waiting for the home owner to take care of their judgements. Now we just got word that the foreclosure bank won't pay for the home owners credit card bills. What does that have to do…
Hello, How acturate is this information?
Hello, How acturate is this information Below? Description provided by Trulia. This Single-Family Home located at 10051 Grayton Street, Detroit MI sold for $40,251 on Oct 22, 2009. 10051 Grayton St…
Can anyone recommend an investor friendly title company that do double closings in philadelphia?
i am also in need of a professional/private BPO agent that is willing to work with an investor. ***NO upfront fees....collect 5% at closing on short sales IN PHILADELPHIA.
Is it possible to come out of a short sale without affecting your credit score?
Please tell me your story as it will help me to understand various options available to other buyers and sellers in the market today. I hear one thing and see another all the time. When a short sale…
Can't find a buyer for the house and I am out of Money, owl 3 months payment and Taxes and Insurance is due. What can I do soon.?
The Realtors are playing games and the Bank keep on stressing me up. I am 77 years old allready and I am in need of suggestions. without hurting my self more.
Trial attorney ASAP Summons taped on gate 11/14. I'm prev. homeowner. Was not treated fairly from Lender.They sold my home while working on mod.
I'm in desperate need of a good trial Attorney here in Riverside California.... I'm dealing with a Foreclose Eviction. I'm the prev. homeowner lived here over 20 years. Just received SUMMONS…
any foreclosed property participation opportunities?
Willing to consider group that acquires and manages foreclosed properties anywhere.
I just went through a divorce, and I ended up staying in the house with our child. We just bought the house
11/2 years ago, so my ex knew I'd be lucky to sell it without a loss. He walked away from the payment, responsibility and the equity. I was required to either refinance the house (which I didn't qualify…
pmi won't sign off on our short sale unless we pay them 40k!
We bought our rental property in '06 for $211,paid $145 month pmi,owe $192,our lender approved our short sale for $170 but the pmi won't approve unless we pay them! Our realtor is trying to…
Please help! What are my options when a rental investment condo owned 50/50 on a mortgage with a former friend is heading to forclosure?
I own a condo in Florida 50/50 with a former friend. He and I purchased it as an investment property in 2006. After the first year we had disagreements of who is responsible for what and the relationship…
Who handles bank sales of Deutche Bank & Trust co in Bristol County?
I found a home that I love that is foreclosed/bank owner. I have been watching it and finally found a real estate transfer from the owner to Deutsche Bank. However DB does not have a line to speak with…
Where do I obtain financial and HOA information about a condo? And should you completely walk away from a property if it doesn't have an HOA?
The property without the HOA has 4 units. One is occupied, one is under contract, and I'm considering the top floor? Is that enough people to form our own association? And if so, should I still be…
I own a condo in Florida 50/50 with a former friend. He is now refusing to pay the mortgage and we are heading for foreclosure. Need options?
He and I purchased it as an investment property in 2006. After the first year we had disagreements of who is responsible for what and the relationship crumbled. Over the last 3 years I have been maintaning…
I am looking for a take over payment condo 2 bedroom 2 bath around $700 a month in payment in the Los Angeles, CA. My credit is not pleasant, but I
do have steady income. I also want a 30 year fixed mortage. Someone please get back to me with the info.
Recently, submitted an offer for a foreclosed home with a committment letter from my own bank, however the listing agent insisted that i must be
pre-approved by the preferred lender even if I borrow from non-preferred lender. If not, cannot submit the offer to the bank. The price I offered was more than the asking price. Is it mandatory to get…
Can my wife short sale a property to me? The property is $80k under. Would it be legal?
My wife bought this property in 2004 and it has gone down in value significantly since. We own another property in NY (in both our names) - our primary residence. Would she be able to sell the FL property…
Realtor is threatening over a sheriff auction property
I have bought a property in Sheriff Sale. I have alone put in lots of efforts to find out about the property like inquiring with neighbors, finding out the property taxes, finding out the dues on the property.I…
Do I need to have the full asking amount in cash/proof before being considered on a bank owned property?
The house I am interested in is considered a bank owned property. I contacted the listing agent and they have told me that I need to have proof of the full asking amount to even see/preview the house.…
I contacted the official source of information about a house which is announced pre-foreclosure on Realty Trac, both the bank(lenders) and trustees
stated that house is not for sale, not longer in pre-foreclosure, loan has been cured. Yet Trulia/Realty Trac keeps advertising it. Isn't that misrepresentation, or shouldn't your services be…
what can we do if we just moved into a house about 4 months now..the owners are going to short sale..
need to get advice onsome things we can do to protect ourselves..
my home just went into auction how do I stop it? is there any way to stop the home from being auctioned off?
my home I tried to do modifications and got the run around for the year and finally today just before my home goes into auction they tell me all has been denied any chances of keeping it?
my home just went into auction how do I stop it? is there any way to stop the home from being auctioned off?
my home I tried to do modifications and got the run around for the year and finally today just before my home goes into auction they tell me all has been denied any chances of keeping it?
How does a sheriff sale work?
Can you get a loan if you are the winning bidder? Any tax implications? Can you get an inspector to check out the office before the sale? Can you buy the house through the seller before auction? Can you…
My home is foreclosing. Can I take whatever I paid cash for?
We built a custom home a few years ago. Without all the personal details, we are shocked to see we have become this horrible statistic. My question is, sure, we got a loan to build the house. BUT, we…
the agent we have been talking to has not returned our last two calls
my husband got the lock box # and info from the agent who will be listing it. however, he seems in no big hurry to call back or sell the place. why aren't banks in a hurry to assign a selling price and…
IS LEASE CONSIDERED INVALID IF THE OWNER STOPPED PAYING THE MORTGAGE BEFORE THE LEASE WAS SIGNED BUT DID NOT DISCLOSE THIS TO ME?
I live in Florida. I signed a 1 yr. lease and later found out that the homeowner did not disclose to me that she had stopped paying the mortgage 3 months BEFORE I signed a 1 year lease. She even said…
Why is it that everywhere I look homeowners and even those of us that are professionals are having so much trouble with lenders.?
We get put on indefinate hold, disconnected, routed to the wrong department, etc., etc. In my experience, the collections department rarely tells the borrower seeking a modification the right contact information…
Early Payment Default Question
What is generally considered an early payment default with FHA loans? Is it true the FHA considers a missed payment in the first 24 months an early default? Also is it true banks arrive at your house demanding…
How would you rate this residential area overall?
Want to know is there appears to be stagnation, decline, or appreciation in home and multi-family property in the area
Ok so we bought our home for 135,000 in 2007 with a first time home buyers loan and no down payment
ok so we bought our home for 135,000 in 2007 with a first time home buyers loan with no money down. now the most we can sell it for is around 105,000-110,00. We still owe 135,000. My husband is going to…
Can the lender come after a new property we are looking to finance with a 401K withdrawal, before our existing home is foreclosed on? (see detail belo
We are currently in foreclosure on our existing home, but too upside down with a second mortgage to finance a business (which has since closed) and $25K plus of repairs to make, to try to save this property.…
The different websites all have different, often conflicting information about the houses for sale that are bank owned properties, What is the most
accurate, up to date place to locate bank owned properties? Also, are these the best bargains when purchasing with cash. Do you need to work w/ a realator that specilizes in these properties.
okay my name is runarko thurston im trying to start a trashout company. and i don't kow who were to start .
i live in Vallejo , C.A there is alot of house that going on yha market an that need some maintace i jus don't know were to go an who to talk to you can email me at trunarko@yahoo.com
Can a TX developer charge a flat fee to make up for shortage of HOA fees from foreclosed properties?
HOA dues haven't been collected from foreclosures. The developer controls the HOA and has asked all homeowners to pay a flat fee to make up for the budget shortfall. Basically, the developer can't pay…
Need a Pemboke Florida agent to tell me the status of 531 NW 193rd Ave. Pembrooke Pines. Does anyone know if this was a foreclosure?
Need a Pemboke Florida agent to tell me the status of 531 NW 193rd Ave. Pembrooke Pines. Does anyone know if this was a foreclosure?
If you know you are underwater on your home, which is the better option- walk away or short-sale?
Due to making a bad decision and doing 2 re-fi's for cash-out to fund our business, I am now sitting in an adjustible rate mortgage. It's not as bad as some, but our business has suffered from the economy…
I bought my home using a VA loan zero down. Later I got a second mortgage with the same lender.My first mortgage was recently foreclosed, but the
second mortgage is show up on my credit report as late payment. What is my obligation? I forgot to mention the second mortgage was an interest only loan. We paid just the interest for three years.…
I am interested in buying a foreclosed house (Bank Owned) and have some questions regarding the process.
Can the bank hold off my offer until the bank finds a better offer? What is the time frame for the bank to get back to me with their answer? When should I have a house inspection done before or after…
What is the general time frame for a foreclosure, from the sheriff sale to listing?
I'm interested in a foreclosure that has already undergone sheriff sale and has had a BPO. How long should I expect to wait until the bank lists it for sale?
a home is foreclosed on how do i find out who the mortage holder is?
how long will it be before it is sold on the court house steps?
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