Foreclosure—questions & answers, advice and opinions page 170

Bank owned as is house
Hi, I put an offer for a bank owned home AS IS house and was accepted. when i did inspection of the house , i found house has termite, mold, plumbing issue apart from cosmatic issues that i expected. Now…
How much is a septic replacement on a raised ranch?
We're looking to buy a single family home in swansea ma but the title 5 failed and they wont pay for the septic. The house is foreclosed so I know that the bank doesn't have to pay for it. I just want…
Foreclosure Radar does it include the same information bluesheet has?
I am thinking about subscribe either foreclosure Radar or BlueSheet, not sure if foreclosure radar already include the information blue sheet has? I am not sure how many of you have compared both of them…
What's the deal with these super-cheap homes listed on Trulia.com?
I am from Canada and am considering a second home in Florida. I have seen a significant number of foreclosure properties which look like very nice homes with only a $30,000-$40,000 price tag on them when…
Can a lanlord who's in forecloure give you a 3 day notice to move out. We were told not not make any rent payments to her since she was in the
procees. We didn't pay this month rent to her an half of August. We do have the money but we don't want to pay her and then have to move out and not get our security rent back
Does a city placed foreclosure hurt your credit in the same way a bank placed foreclosure does?
The city of Orlando places petty fines on people for not triming the grass along a concrete curb. I am barely holding on to my house financially as it is and can't buy expensive trimmers and my neighborhood…
If the trustee of a home is the US Banktruptcy Court, how I can find out the minimum amount owned to the Court or creditors?
banktruptcy, liens, debt, mortgage, creditors, banktruptcy court, loan amount, foreclosure, short sale, reo
In a lease option situation is it necessary to pay an option fee up front???
After a few weeks of communicating with these people the question of an option fee of 8,000 came up, Is this legal ???
How long does it take for a property to go from Notice of Default to Bank Owned?
My house is in the Notice of Default phase. It's in Tracy, CA and the mortage lender is B of A. It's not possible for me to keep the house so I am just going to let the foreclosure process…
I have a mortgage in Orlando which I have not paid for 3 months because I simply cannot afford it. I live in
Ireland. What are the consequenses if the banks foreclose? The mortgage is for 301k - the interest rate is 8.75% and the tax is over 10k per year. My monthly payment is about $3200 and even though the…
can the promisarry note be a copy?
I have heard two side to this question, which is ture does florida judges except a copy of the note or not?
Can we lose our primary residence or have a lien placed against us if we stop paying on our rental?
We just bought a second home as our primary residence and the VERY next day my husband lost his job! We were going to rent our first home, but we would still be out 800.00 a month to cover costs. My…
Does anyone know people who want to refer loan modifications for residential or commercial or work for a company as a virtual agent for extra income?
I am looking for people who want to help these people who may be a short sale for you but are uneasy. This way it is easier to offer a client two solutions.
I'm looking for a Maryland REO, preferably in the Montgomery County. Help!
I'm looking for a Maryland REO, preferably in the Montgomery County area since I live there. I've struggled to see many properties. We were looking for a 3bed/2bath for around $120K, but prices seem…
I found a home in foreclosure that I would really like to purchase for my personnal home. I have contackted the homeowner twice and he keeps saying
he is not the owner because he filed bankrupcy. I cannnot talk to the bank and I cannot get him to call the bank to see if they would consider a short sale. Is there anything I can do other than wait…
I am looking for CHEAP contactors that can clean up a property bought from foreclosure.
I need someone that is VERY CHEAP. This particular property needs - a new kitchen (all cabinets, sink, appliances etc. are all gone) - new roof - no central A/C present - paint…
Regarding the house at Willsharon foreclosure
Is it a house or lot of land for 328000?
Foreclosure: after the auction
I've been looking at house foreclosures lately, and need some help understanding the process after the courthouse steps auction. Occasionally, a house is listen for auction, and then it simply vanishes…
has anyone closed a deal with prg system? Did anybody receive their commission?
I was working for them and they just moved with out notice. I started doing my own investigation and this people are not only lying to the customers but to the actual employees, who don't end up getting…
My ARM does not adjust until December 2010. What should I do now to prepare for this? I'm currently upside down on my mortgage.
My fear is that when my ARM adjusts I will no longer be able to afford my home. I have contacted my current lender (IndyMac) a few times and I am not getting a reply back. Any assistance is appreciated.
Home Foreclosure Prevention seminar - October 6, 2009. Sponsored by the Pompano Beach Highlands Civic Improvement Assn. Pompano Highlands Park
Pompano Beach Highlands Park, 1650 NE 50 Ct. starting at 7pm, Tuesday Oct. 6. More info (954) 933-6393 or pbhighlands@gmail.com
what do you do if you rent and get a letter saying the owners haven't paid their taxes in 2 years and now you have to pay the county and in 2?
month it will go into foreclosure along with 4 of their other houses. We have to pay our rent to the county now for the tax debt of 4 houses. can we buy it i am worried will we have to move?
I bought a foreclosure in Silver Spring on June 30, 2009. The previous owner owned a property LOT next door
as well and didn't build or use it for anything but yard. He used the same address for both properties (two different mortgages). Now the lot next door is up for sale with the same address as mine.…
Nobody seems to want to help you if you have done whatever you can to keep up with your payments & your not behind, but you know that you have
exasperated all your options and inevitably will have no other options. You can't afford to pay anything else like lawyer fees, ext. fees ect. & you fear the only option is foreclosure. What happens…
I am offering property preservation and trash out services but who do I go to and how does it work. Do I go?
to the banks that own these foreclosures or do I go to RE Agents and how do I approach them.
How do I break into the REO market?
How do I break into the REO market? I am an experienced agent and 90% of the time on my deals I am selling a REPO/REO that is listed with another agent. Thanks!
I am looking to buy bank owned in a cash deal.
But not sure what is the process to owning it and getting CO etc. Do I need to get the CO's as I just want to keep them till I decide what to do with it. Is there something I should know before I…
Regarding Foreclosures: I believe their is a new law protecting bona fide tenants left remaining on REO or bank owned property.
A lot of real estate professionals keep stating tenants are to be given 60 days notice to vacate by the new owner who took title. But am confused. What about the new bill signed by President Obama in…
I put in an offer for a bank owned property but was told that the bank picked someone else - however the listing says " seller has asked the
agent to keep the listing active to accept more offers in addition to the signed accepted offer " what does this mean? Thanks.
I need to sell existing home in order to buy new one. Homes in my small subdivision sell FAST. I would have $110,000 to pay down.
Would bank give me any time if I were interested in 12478 Homeland Drive, Herriman Utah?
Can I get a loan modification after a Chapter 13 bankruptcy? I applied for a modification with my lender, Citifinancial Mortgage, back in May.
Can I get a modification after Chapter 13? Applied for modification with my lender in May. Called to check the status. First lender said for modification they must file Motion for Relief from Automatic…
Is a realtor liable for not disclosing a pending Sheriff's sale? The Seller's realtor specifically asked for a 30 day closing, called my
lender and asked for a title commitment for a court action pending. I went to the courthouse and discovered that this house has been in Court since Jan. 2009 and that a sheriff's sale was scheduled…
How do I find out about an auction for a specific property?
I found a house that I want! :) The mortgage is in the low 200s, but it's appraised in the 500s. There is a for sale by owner sign in the yard, but the phone number doesn't allow me to leave…
What would be the benefit to shorting a commercial property? If it's in an LLC and not someone's personal name, why would someone bother to
do a I know for a homeowner their are benefits to doing a short sale over foreclosure, but what about a commercial building? Most likely a commercial building is in an LLC or other business entity and…
Highest and Best Question
This foreclosure process is a bit messy. 1. House goes on the market less than a month ago. 2. Two weeks later, price is dropped. 3. Multiple offers received on the house. 4. Bank counters our offer. 5.…
My house is going into foreclosure and I just found out a week ago. My old landlord sold the property about 3 months ago, to someone else that
can't Show me any paperwork stating he owns the property. There have been a lot of major problems that have not been taken care of in the home, that have been brought to his attention in this last…
I would like more information about the house at 4070 Aldredge Dr in Swartz Creek, Mi 48473...Clayton Township.
I would like to know if it is a forclosure and how much is the asking price. Is there a picture on the net that I can refer to? How many bedrooms, is there a fireplace, basement, carpeting, etc......Thank…
How do I offer to pay rent after my house is auctioned due to foreclosure?
Who do i let know i may be interested in renting after my house is auctioned? Also does it help to let the bank know that the taxes and insurance are current and the property has been well maintained?
A house here in Touchet, WA went up for auction on 9/11 Address: 198 3rd. We went to bid on the house, it is a tiny little dump with no foundation.
What is going to happen now to this house? We are very interested in it. Thank you theonionmarket@my180.net
What is the lowest price per square foot have you seen? What is the normal selling price per sqft now? And
what difference does it make if it is a 2000sqft home or 4000sqft home? I am talking foreclosed properties owned by banks,FDIC,Freddie or Fannie
Short Sale property with offer made
I made an offer on a property that was a short sale. Now it has moved into forclosure. It has been 3 months in the process. The listing and buying agents seem to know nothing? What can I do to make the…
Can I filter on searches? The listing company "Reality Trak" is showing many old/sold listings and I want to block their homes
from my searches. In the past I actually paid the Reality Trak membership and found that all of their listings were old and already sold, or relisted with different agents. Do you have any qualifications…
Banktrupcy-give up the house or keep it??? Help!!!
My husband and accumulated a lot of credit card debt after he lost his job and I got salary cut. Since the cr cards and the home are under my name only, we decided that I would declared bankruptcy by myself.…
Is it possible for the bank to give cash towards closing costs to help a buyer who's qualified by lack the down payment?
I put in a bid for a house that;'s a short sale. I only have $8,000 for the down payment, but the costs of closing costs is just a little short of $12,000. If the bank is willing to put $5,000 towards…
??? ive searched on this website and found astonishing cheap homes...
for example:: this home is ---$1,564 --. its a 2 br, 1 ba...Estimated Monthly Payment is $8.47 and * This price is based on 20% down, 30 year fixed, & 7.17% rate..and it also has its property id number. Can…
Thanks guys for all your help Iwould just like to ask another question The bank bought the property back at public auction for 310,000 the money
owned on morgage will they still negotiate for the repairs it needs the owner took the kitchen with him Thanks SANDY
Is this house available? What is MLS #? Please send the details about this house. Thanks Vijay
-- This question is about this property: http://www.trulia.com/foreclosure/2007074778--Mount-Cupertino-St-Las-Vegas-NV-89178
I would like to buy a foreclosure or bank owned property.
I know the area that I'm interested in. How do I know where the foreclosure is and which property is bank owned so I can make an offer? Through an agent? I'm already pre-approved for a loan.
FORECLOSED PROPERTIES
I am buying a foreclosed property, does anyone know of any money that the state of Massachusetts gives to fix up foreclosed properties??
Are Lenders still holding back on listing their Real Estate Owned properties?
The buzz is that lenders are still holding on to many properties. There was one home down the street from my house that was a bank owned property. The bank did not put it on the market for 5 weeks, is…
What missing items and when do they need to be in place when purchasing a single family foreclosure via FHA closing? Who pays?
We are getting conflicting answers between our agent and our mortgage banker. How do missing appliances, holes from stolen speakers or light fixtures, trim,etc. affect a FHA closing? How do they affect…
I am interested in a Dallas county home that would be auctioned off in Oct. I would like to get input on due diligence and general process.
Listing price on Trulia is far below the market value of the sub-division. Steps involved in inspecting the property before auction date ?
my mother in law want to sign over the deed in home she had just bought . why is that? can it be because she defaulted on her previous home and?
just walked away from it and now she don't want the bank to put a lien on her new one? I don't understand but, but i think something funny is going on with her and shes not telling us the truth.…
My landord just send me a letter saying that the townhouse we rent from her is going into foreclosure and that we have 7 days to move out.
she also states that the lease in terminated. Is their some new law about tenats being able to stay longer on a foreclosure. I live in the state of Florida and do we have 7 days to move, we haven't…
I heard if there is Notice of Trustee posted it is not required to pay rent to landlord anymore? I am in Moreno Valley, CA
I heard that a new law was passed that makes it so that the renter does not have to pay rent once there is a notice of trustee sale. Or even a Notice of default. Is this true?
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