Foreclosure—questions & answers, advice and opinions page 173

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?
my home is being auctioned 11/16/09 in North Bend Oregon, how long will I have till they evict me? or will they have to get a attorney
Cause I am wondering if it will be that day, or hours, weeks, months, and will they have to get a attorney to eveict me?and if so how long woult that take? cause I am wondering if I should be packing>
Has anyone delt with RealtyTrac? I have a buyerinterested in a foreclosed property - they only seam to want you to sign up for their services. I
already belong to RI & MA MLS, Listingbook and pay fees. Why as a Realtor do we need another?
Has anyone been the "seller" on a short sale with Bank of America? I wanted to know what your results were. I am thinking of a short sale.
I'm reading BofA will not forgive the loan and the remaining balance goes to a collection agency. Is the better alternative foreclosure and/or bkrptcy?
we have a discharged ch 7 bankruptcy. we included or did not retain the house, but we still receiving monthly statement asking if we want to contact
them for a loan workout. Is this possible or wise to go back to the lender to ask for loan modification to lower the payment? there were 1st and 2nd mortgages. would the 2nd mortgage dropped off or removed…
The house I sold and hold a second mortgage on is being foreclosed on. What do I do?
Six years ago I sold a house that I hold a second mortgage on, I just received a summons, stating the house is being foreclosed on.
Our house has been on the market for over a year now ... We've always made our payments on time, but it's
struggle everymonth. Now I an being laid off and my husband is going to be in 6 weeks. We want out of our house with the least amount of damage and debt on our part. What are our options? We need to get…
Ok one more time: My condo payments are 3-4 month behind. I lost my job and only work 1-2 days a week.
The short sales and foreclosures in my building (About 60% or more) are not sold, ever. I have been denied modification 4 times and the lenders/investors phone operators are all idiots with zero knowledge…
My house in California will be in Foreclosure in 3 weeks. I am behind several months of mortgage payments ever since my home jumped to
doble the monthly payments -$4000. because it was in a baloon. With the economy and my wife being out of work we can't pay doble the amount, but I have being paying $2000. My mortgage Co does not…
Iam a self employed contrator marrierd with a small child and my wife works parttime at a restaurant. due to the economy we have had two trucks and a
car repossessed and are now facing foreclosure. I am trying to do a short sale with Chase and they are unresponsive. Should I do a deed in lieu of foreclosure
CS reported for short sale? I receive payment from my ex for child support arrearage (child is 20 now, but ex did not pay for 18 years). I am in a
situation where I may need to do a short sale. Even with the CS payments, I am slowly going under -- but without it, things would definitely be worse. My question is if I request a short sale, will the…
Short sale vs REO
There's a property that is going to be foreclosed that I really want, we submitted an offer to the realtor. The realtor said the bank wouldn't approve the sale with a contingency, but yet there…
1 payments oct nov due now but they say i owe for aug 09 its a mess because of ch 7 how do i fix it
filed chapter 7 in march 30 09 what should we do keep making payments to prolong or short sale or just list it and see what happens my mortgage company made a mistake they sold my mortgage and did not…
My house's mortgage is held by Deutsche National Bank. Because I fell behind for a while they are in the process of negotiating a new payment
schedule. My house is in New Jersey, what sort of new payment plan should I expect? Or is it better to let them foreclose or try to sell?
I am interested in a property owned by DEUTSCHE BANK NATIONAL TRUST which has been vacant for about a year now
I am interested in a property owned by DEUTSCHE BANK NATIONAL TRUST which has been vacant for about a year now yet it is not listed. What is the best way to find/contact DEUTSCHE BANK NATIONAL TRUST about…
Since I have started this whold loan modification process, my husband's income was cut drastically. We were able to get a trial period loan mod.
for 3 months. Now, my husband is no longer working. I have been sent a final loan modification offer and the payment is now $400 more than what the trial period amount was. I cannot afford the higher payment…
short sale only option bank gave me to avoid forclosure i had no income, need time to find income so can modify.bpo better high or low for my motive
trying to give myself time to find an income so I can qualify for a loan modification. short sale was just to avoid foreclosure which had a near sale date
I just lost my home to forclosure in Naples, Fl via auction (bank owned) and am currently still in the home. The realtor is waiting for an offer to
present to me and my tenant in the guest house , cash for keys. What can I expect? How long will I have after I accept it/reject it? Thanks....
Has anyone else been scammed on a home modification by Loanshrink.com?
Loanshrink said it was garanteed or you money back. We never got a real modification or our money back. Has anyone ever got their money back if Loan Shrink failed them? Now we are in forclosure and losing…
Hello. My question is how foreclosure and bankruptcy affect my credit card that has no miss payment and no
balance. Are this company that I have good standing can close my account even I did not include them on my bankrupcy. Sandie
if i get deficiency in las vegas, can the bank afect my house in california?
i got investment property in las vegas, wondering if they can pursue it and put a lien in my house in california if there is a deficency after foreclosure in las vegas.
Will lender tack on commissions paid, to the 1099 issued for a short sale of investment property?
Here's the situation. Tenants are living in investment property that has just received the Notice of Default, and is nearing a Trustee Sale. They want to buy the house and engaged a REALTOR to write…
My house in California will be in Foreclosure in 3 weeks. I am behind several months of mortgage payments ever since my home jumped to doble the
monthly payments -$4000. because it was in a baloon. With the economy and my wife being out of work we can't pay doble the amount, but I have being paying $2000. My mortgage Co does not want to deal…
Hi out there, I'm starting a eco friendly cleanout & preservation company looking for contacts in the St. Louis Metro Area.
I'm impressed with all the information out there about this industry, I want my business to be eco friendly, recycle scrap metal we rmove from property, give usable furniture and other items to chairity.…
I am currently living in a home that was foreclosed on. At the present time I have myself , my husband and five children. I am not able to afford the
I am currently living in a rental home that was foreclosedand is now owned by Fannie Mae.At the present time it is my husband , myself and our five children.Unfortunately, wedo not qualify for cash for…
Is it ever ethical to advise walking away?
I live in a non recourse. Since I have an fiduciary responsibility to my clients, how can I advise them to do a short sale when it's so much more punitive to them than walking away?
Hello Everyone, I'm looking to open a forecloures biz and I wanted to find out if anyone knows how to
I'm looking to open a forecloures biz and I wanted to find out if anyone knows how to estimate or bid on a cleanout/cleanup on forecloures. Please help me.
i have a friend who has been desperately trying to get help from naca via their website, she has an auction date next week and was hoping she could
put it on hold and work on her options. she gave all her info already and the website kept telling her she has an id but she does not have one yet..what can she do..the auction date is nov 3 already..she…
I want to start bidding on cleaning f/c homes. What criteria do you use to estimate a bid? How do you get started making bids?
I am working for a lady now helping clean homes that are Bank Owned through Fannie Mae. She doesnt pay well at all and want to get my own business going. There is plenty to share around here but I just…
What can be done if a listing agent refuses to obtain written documentation that an offer was reviewed by the seller, in this case, a bank?
Listing agent claims the offer was submitted and bank went with another offer. We suspect it may not have been submitted so we asked for acknowledgment from the bank but the listing agent has already…
Can foreclosure occur if house payments have not be 30 days late?
Due to a 6-month layoff, we are struggling financially to get back on our feet. Since then, our interest has risen and we are struggling to make payments. Even so, we have never been more than 30 days…
I just put in an offer on a SS that goes to auction in another month if not sold or rescheduled. It was an as is offer with not only repairs needing
to be done, but huge permit issues as well. I made a full package for the bank spelling out the huge issues and reason for my lower bid. The listing realtor is not wanting to submit my documentation on…
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