Foreclosure—questions & answers, advice and opinions page 176

I want to buy the house I was renting that is now in foreclosure and cannot offer market value.
I have an interesting situation: I was renting rooms in a house when the owner died. Nobody else is taking over the mortgage (it is underwater) and it is going into foreclosure. I currently learned…
How do I find out if condo complex tenants are allowing foreclosure due to structural issues?
A large number of condos are foreclosed in one particular complex. Did they all get in over their head, or is there something wrong with the property?
I am looking to break into BPOs. I have registered with many firms, but I am wondering if anyone can
actually tell me of some good firms that do business in the BAy Area. Thanks
I am registering online to do BPOs. What are the going rates for BPOs in California?
When I am registering online they want me to list what I would charge for all the different jobs that come along with doing BPOs. I haven't done them before and am clueless as to what I should charge.…
When buying a foreclosed home,can the attorneys change the terms as far as total $$$ needed at settlement?
First time buyer, FHA aproved, mortgage pre-approval letter in hand, found a foreclosed property, liked property, made an offer on property, got a call on Friday from the realtor saying that the bank agreed…
A local REO agent has been underpricing her listings in our area as much as 50% lower then other actives
This sub pricing is having a huge negative impact on existing sales and on homeowners trying to keep what little equity they have in their homes
We want to sell our condo because we can't live in it since we had a baby (it's a one bedroom) and we can't
get anywhere near what we're paying in mortgage for rent and we can't afford it. Should I even bother to try to get a loan modification if we have only had the mortgage for two years, it's a forty year…
Waiting period to close on house
I have signed a contract and the bank has cashed my earnest money check. During the appraisal it was discovered that a room was unpermitted so FHA wont approve the loan. that was almost three months…
Hi, I'm a first time home buyer who is looking for a forclosed home, bank owned, pre-forclosed or even
thinking about sheriff auction homes. I want a rehab house, but I would like to live in in while I rehab. I've see tons of properties listed, but don't know how to find out more about them/see them. I…
Countrywide Foreclosures in CT
Are there any agents here that have experience in picking up Countrywide foreclosures here in Connecticut? What's been your experience as to how quickly they respond to offers? Do they counter? Generally…
Question regarding a house that has been petitioned to sell.
First off, this home is not in foreclosure. My wife got mixed up with a property where she is the only name on the mortgage, yet her ex boy-friend is included on the deed (obviously making him half owner).…
How do I go about finding who owns an empty house?
How do I go about finding who owns an empty house if I have the address? I was told that it was foreclosed on by a neighbor? I have looked under foreclosed properties but its not listed.
My house in SD was just sold at auction. My "loan counselor" at the bank assured me he was working on my loan
modification. Thinking that a modification was coming through at any minute - I thought I was safe. When I told my counselor I was receiving really scary letters w/ sale dates etc...he said, "Don't worry.…
Prediction for the bottom?!
Based on your expert knowledge, when do you think Brevard county real estate market (Viera, Suntree, Bay Tree, Melbourne) would hit the bottom? Why? Thanks, Kevin
My inventment prperty is in foreclosure (just recieved summons), my tenant stopped paying rent. Can I evict?
I've been extremely transparent with my tenant about the situation, so I have the moral authority to evict, do I have the legal authority is the question? To what extent can I also sue?
I own a rental property and my husband has been out of work for 7 months and now our tenant has bailed on us
and we cannot afford our mortgage. I would really like to sell it but we bought it for about $330,000 in 2007 and it's now selling for about $200,000 so that is not an option. We haven't missed any payments…
I just received a Notice to Vacate from the court that gives me one week to vacate my foreclosed property. I
need to stay two more months in the house. I will pay rent for these two months. How can I do that? Thanks
can anyone tell me if this house is a foreclosure 11046 saint patrick detroit, mi 48205?
my landlord told me not to get a money order and not to send it to the mortgage company anymore she wants the money, so i am a little concern and just want to make sure she not collecting money and I will…
can you go for a short sale with still having money in your savings account- neither my husband or I are?
working and have been living off our savings and credit cards- we have large credit card debit as well, and have another mortgage we are trying to pay. or should I close my savings account?
What are the ramifications of foreclosure of your 2nd home in Massachusetts?
I own 2 homes in Ma. and 1 in Fl, my 2nd home in Ma is now mortgaged for more than I can sell it for, including 1st and 2nd mortgages. If I cannot sell it to cover mortgages and allow it to be forclosed…
How do you decide what to offer on a short sale?
My and I put an offer in on a short sale. I don't have high hopes however. The house is listed at 150,000. We made a full offer plus closing costs with an FHA loan. The sellers bought the home…
How long it takes to complete a foreclosure process in Denver CO after a property is listed for auction sale?
I have my eye on a few properties that are being listed for auction sale in the County of Denver. Every Thursday they are shown up as continuances and there are no any lender bids. After more than 10 months…
My home is foreclose but I can't get any information from my lender regarding the purchaser.
If property is foreclosed, how long does the new owner have before they have to register the deed and if so will the city hold the prior owner responsible through the time that the property was not registered?
can an association force a foreclosure on a property in the association?
I am in a house with an association and have not been able to pay the association fees. Association has leins on my property. Can the association foreclose on me because of non payment of the association…
I have 2 loans (80/20) on my house in California, both purchase money, from Nat City and Etrade, and just rece
ived both short sale approval letters. I am weary about a stipulation in the Etrade letter stating: acknowledges all terms of the note and understands that the note holder reserves all rights provided…
I am currently living in a rented home. The landlord has filed bankruptcy and will be losing this home to
foreclosure. Will I be able to continue living here....or will I be evicted? If the rental lease I signed is a binding contract (and it is) how can I be evicted? I am worried! Please help with advice on…
If HOA is forclosing, but you filed appeal, does this buy you time IN your home or do you still need to vacate
they have already gone to court, told to vacate, filed appeal. Does this mean the person still needs to vacate or have they bought time in their home?
If I bid $1 on a foreclosed trustee sale property what other costs can I expect? I am the current renter of
the property and my landlord is not willing or able to return my $4,000 deposit. As renters we have known for several months this foreclosure process was taking place which the owner first denied. Can…
If i was to foreclose on my condo would i still have to pay my association fees?
I called and talked to my bank (Suncoast School Fed. Credit Union) yesterday to try to get help from them again. Once again they were no help. They said i could try a short sale (if i sold for a cheaper…
What is better for the lenders? A short-sale or a foreclosure?
What creates the greatest financial loss for the lender? A short-sale or a foreclosure?
IS THIS FORECLOSURE SALE VALID?. DOES THIS TRUSTEE HAVE THE AUTHORITY TO EXERCISE THE POWER OF SALE?.?
When the 'SUBSTITUTION OF TRUSTEE' instrument was errorneously admitted into records by the County, absent a (1). 'CERTIFICATE OF ACKNOWLEDGEMENT' signed by same individuals ( private lenders ) who executed…
can an association force a foreclosure on a property in the association?
I am in a house with an association and have not been able to pay the association fees. Association has liens on my property. Can the association foreclose on me because of non payment of the association…
Million $ homes in Danville/San Ramon (REO/Short Sales)
I would assume that when in short sale/REO situations, these homes are already listed "under market" value. My question is that when they have already been in a shortsale/REO status for a significantly…
How to start up an asset management company?
I am looking to opening an asset group. I want to foucs on getting contract with the bank to sell assets for them. If you have any info on how or where to research how to open in asset management company.
I have a grievance with a list agent for a bank owned foreclosure, I am still interested in the house and
would like to make an offer to the bank without the intervention of this list agent. What recourse do I have?
I am interested in buying a distressed property in the East Bay OF SF.
May be A SHORT SALE! looking to for a good deal but I would pay an exceptional commission.
If the contract declined/accepted, does seller agent have to inform or keep me updated?
Should I go to the seller's agent and asked regarding the status, since seller is not answering phone/email?? Two weeks ago, I bid on a foreclosed property with an bank approved letter and 20% down. However,…
What happens if I stop paying the HOA dues? I already have.
II bought 3 homes in Texas that I can no longer pay the mortgage for. I also have stopped paying the HOA dues. I'm trying to get a short sale but i live in CA. I am getting threatening letters from…
2 questions
Considering the selling agent is dealing with a property agent who represents the bank and transactions are via email. I made an offer on a bank owned home. The offer was countered which included a 5-day…
Need to understand the implications of a reservation by the lender in a short sale for a deficiency judgement
Hello I am in a short sale situation on my home owing to relocation. After 2 months of waiting, I got a letter from my lender confirming they have agreed to the short payoff. My happiness was short…
Can a property owner be refused entry into their house bought at foreclosure in the first 10 days of purchase?
Question: Do I have the right under Florida Law to protect my purchase at the courthouse (for cash) within the first 10 days? Can the new owner who buys a foreclosure at the courthouse (not short…
I live in Nor Cal and a notice of trustee sale was put on the house I rent
County records show that the deed was assigned from a grantor (my landlord and a bank) to the grantees (a different bank and a trust). I've not been able to get in contact with my landlord. I've tried…
What steps do you take to buy a home that is in it's final step of foreclosure?
I see a home that is in it's FINAL step (REO) of foreclosure, so how does one BUY it?!
By law can I be forced out of my home the very next day after the forclosure sale?
Private lender foreclosed on me and my family, the very next day after the foreclosure sale date. When I arrived home the property had been broken into by contractors sent by the private lender and my…
what happens if I don't pay my 80/20 seller carryback loan?
I've been working with Wells Fargo Home Mortgage and they won't help so I hired U.S.A. Home Relief and they can't help either. I am $100,000.00 upside down on my home, so refinancing isn't an option. I…
Possible Foreclosure on Investment Property
My wife and I own a investment property thru a lending company called founding partners. The tenants that we had staying in the home haven't paid rent in the past 4 months and we are debating on just letting…
Is anybody in the Santa Rosa area getting a loan modification based on current appraisal?
..or are the banks not willing to negotiate given the state of the economy. What are your experiences? I heard some are pushing the remainder to the end of the loan.. I'm starting to realize why so…
Can You Help Me, I am in a wheelchair, 45 years old, and have been served a Summons 4 days ago?
I am on SSI, 45yrs old, and Nationstar Mortgage CO. is taking my home from me, because I had a Modification CO., out of New York assisting us, but did no good!
second home foreclosure in Vegas seek a deficiency judgment against a house in California
will a foreclosure on a second home in Vegas seek a deficiency judgment against a house in California that I co-signed for but are not on title to? i am a co-signer on the home in California but do not…
Can a person who just had foreclosure can buy a foreclosed or short sale house for cash?
It was just my outrageous thinking that what if I won in a lottery or megabucks or any game of chances, can I buy a house? I just had my house forclosed due to our economy situation.
Does a promissory note relief you of the threat of a deficiency judgement?
Question. In the states of Florida and Texas, can a lender order a deficiency judgement when a borrower accepts the terms of a promissory note in exchange for an approved short sale? These promissory notes…
What are the financial obligations f(legal cost) of a home in foreclosure and after the auction of the home?
The home is in Tucson Arizona and will be auctioned in June 2009. I wanted to understand what the law is regarding the legal costs associated with the foreclosure. Is the owner responsible for those…
What happens to a house that does not sell at foreclosure auction?
I am interested in buying a house that I have found out did not sell at foreclosure auction. What happens when a house doesn't sell at auction? It's been over a month now, but I haven't been able to find…
my landlords house went to sheriff sale on 6/25/09 i was approaced 7/6/09 to leave the premises by 7/20/09
and they would give me a $2,000 check does this sound right or should i seek other options
My house is in foreclosure.
My house will be auctioned off on July 13,09. Do i have to be out before then? Or how many days do i have before i have to be moved out?
my husband and i are getting a divorce, i moved out of our house, our main residence, and we have a vacation
home north that he stoped paying on, he said it is going into forclosure. now i got a letter from a attorney saying they have been retained to collect the debt, what can i expect next? how is this going…
Foreclosed home & Loan
We are looking at a foreclosed home that is unliveable at this time so we are not able to get a loan- we are selling our cottage which will cover the expense of the home we want to buy to retire in- but…
I am looking at a foreclosure the loan on it is 52,000 but I dont feel that it is worth it in the condition
it is in. There is holes in the walls, the roof is leaking, the carpet is stained and has a BIG hole burnt in it. The windows and doors dont shut completely due to the foundation being done poorly. On…
What does a foreclosure do to your credit?
We are a 2 home couple, both me and my fiance owned homes when we merged. We had tried to rent it out for awhile with devastating results ~ $1000's of dollars in repairs. The city had also found out…
Cash Sale Foreclosure Bargains in the DFW Area
I am looking to pay cash for an inexpensive (okay, cheap...approximately $20k) property in the DFW area to temporarily call home while I recover financially from the economic and housing bust. Fixers…
Need Hard Lender/Bailout Loan ASAP
NY O/O 65LTV appraised @ 460K..loan for 285K Foreclosure
I am currently renting a property which i believe has gone in to a defalt-foreclosure.
I am trying to find out if the property I am currently renting is in forclosure. I cannot get a straight answer from the owner and I am afraid my family wont have enough time to prepare to move if need…
Foreclosures in Bridgewater?
I found a few foreclosure properties on internet in Bridgewater. (e.g there is one on Bond St.). How do I proceed if I am interested in buying?
I was notified that the rental poperty I occupy is going into foreclosure. Rent is sent to Prop Mgmt
what options do I have? What obligation does the property management have in this situation?
I AM A RENTER AND JUST DISCOVERD THAT THE HOUSE IVE BEEN RENTING FOR THE LAST FOUR YEARS IS IN FORCLOSURE.
THE RENT IS PIAD EVERY MONTH. MY LLANDLOARD HAS SIAD NOTHING TO ME WHEN I PAID THE RENT THIS MONTH. THE ONLY RESON I KNOW IS MY SON OPEND MAIL ADDRESSED TO THE LANDLOARD. PLEASE TELL ME THAT I HAVE SOME…
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