Foreclosure—questions & answers, advice and opinions page 88

Is there any way that you can buy a house with out putting any money down at all?
Some people wanted 5,000 which i dont know if it was because of the closing cost but this house that I'm looking into is a foreclosed home or a REO home.
I live in CA, I had an invest property that foreclosed in NV. Only one lender, no others. How does that affect other assets(home in CA, small bus).?
I live in California and I had an investment property that recently foreclosed in Nevada. Is Nevada a recourse state? There was only one lender, no additional lien holders. How does that affect me (I own…
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If you are billing $100,000/month or more, We typically advance 80-90% of the receivable amount within 2 days and the remaining when your client pays.
Did glades cut off rd, have a dairy farm in the 1970s if so do you have photo
Dairy farm that i think was called Meadows Brook Dairy off of glades cut off rd, ft pierce fl, in the 70s
THERE ARE PRICES THAT I LIKE FROM PRO'S LIKE YOUR SELF FOR EXAMPLE 26,000 WHAT ARE THE EXTRA FEES THAT ARE NOT SHOWN AS THIS THE SALE PRICE .
I EXSPECT TO SPEND MY ONLY SAVINGS OF 30,000 AND OTHERS IN THE NORTH EAST SAY YOU CAN'T DO THAT,THAT YOU HAVE MORE TO HIDE THE B.B.B SHOWS THAT YOUR OK NO ISSUES AND I HAVE A FRIEND THAT PLANS TO…
When a property is vacant, how can you find out if its a Reo, foreclosure or its current status?
The property is located at 7904 Pinewood Dr. Clinton, MD 20735. my email address is: bpward03@verizon.net Thanks, Bobby
When is it too late to do a short sale for someone?
And when is the best time to approach someone to do a short sale? After they receive NOD? What if they already received notice of trustee sale?
I turned down a counterfeit offer from a bank and stayed with my offer.Do you think they will except.No offers on the house and it has been sitting
The house nedds a new roof and it has been sitting for 3 months, I am the only person that put in a offer
How do I find out the date my home was foreclosed on?
Who do we contact to get this info over the phone as we no longer live in the area?
Rental home underwater and renters not covering mortage. Can we walk away without them coming after our primary residence?
I purchased a 2 bed home as my primary residence back in 2007. At the time I was single. Since then I have married and the wife and I purchased a larger home together in early 2011 with the intent of renting…
How do you find out if a potential rental condo is in a foreclosure?
I am looking for a condo to rent in Broward County FL and i found one but i think it might be under foreclosure.How can i find out for sure so i can avoid any problems.And does any one know any recommend…
How often is the List price of a Short Sale the actual price-point at which the Bank will accept the offer?
Is the List Price of a Short Sale more of a "best guess" by the Listing Agent or something the agent's mostly confident will be accepted by the Lienholder?
Is a buyer able to purchase a home that is in preforeclosure phase?
This home is listed but has no details or contact info
Can I Buy I House before Lender Lists as Foreclosed house?
A house is in the foreclosure stage of a sign posted that the house is vacant. The foreclosure sale has not yet happened. The sign on house says to contact lender if interested in purchase. Has anyone…
How does a short sale work when the property has an 80/20 loan?
Property value sunk. Could probably sell it to cover the 1st mortgage. Not sure if a dime would be left for the 2nd mortgage, held by a different bank.
Owners walked away 2 yrs. ago from house next door. REO says it's owned by owner. Can I purchase from owner? Will I owe their debt?
House isn't listed for sale anywhere, but I do have previous owner's contact info., and I know they're not paying mortgage currently. Pretty sure they would sell, but would the debt be transferred…
Strategic default - what's the deal when you own two homes?
Here's my situation - I bought a one bedroom condo during the "boom" market, which coincidentally has lost quite a bit of value. I owe around 90k, and it's worth closer to 40-50k,…
We discharged a Bankruptcy 7 in November of 2011. My attorney tells me that we are not responsible under FL law for any deficiency balance??
Unfortunately we are not able to make payments (bank said no) only 2 months late. We discharged a BK 7 in November 2010 and never heard from the mortgage bank regarding the bankruptcy. Now we have to…
I want to buy an apartment in miami beach, what should I now about it?? My husband had a bankrrupcy last year, he has a property already we'd
like buy it under his name because he is which is working> Can anyone give me your opinion? Thanks
HOA has sold my house what can I do
My HOA has sold my house is there anything I can do to get it back
We are starting to look at REO and in process homes from Port Charlotte to Cape Coral, We have a state 457 that we will pay for the house with ho do
you know if the home is on a well or city water? Some say the assessment has been paid and some do not tell you anything. Thanks Denny
Foreclosure and HOA Fee Question
I am walking away from my condo in Alameda county to foreclosure. I am currently awaiting Notice of Trustee Sale (I don't know the auction date yet). My HOA payment is up to date and I would like…
Is it true that when buying a foreclosure, that the buyer could be responsible for the previous owners debt (lien) ?? Thank-you !
I'm ready to make an offer on a foreclosure, but worried about the fine print , and don't have an attorney !! I'm just worried about the possible risks involved ! Thank-you very much…
I've been trying to close for 120 days with cash on a freddie mac foreclosure. Can't supply a deed. here is fm's response. What does?
this mean? "Sorry for my delay in responding but I was waiting on follow up information. It's my understanding that there was an issue with the time frame that the foreclosure deed was signed…
I have 3 bdrm 1 bth ranch no basement on 60x100 lot in sound beach with miller place school district.i have 2 mortgages on this home.
first is for 275000,second is for 350,000.from what i gather in my area my size home is selling for under 200000.i have found another home in shoreham double the size and property and i would like to buy…
What happens to a lien holder in second postion when the Owner returns the Keys to the First position "Deed in Lieu"? I would like both
Realtor opinions and mortagage broker opinions, please! Is the First position required to sell the property in an attempt to assist the second if possible? I realize in CA the second, depending on the…
Is there anyway to speed up a foreclosure to purchase it? A home in South NJ foreclosed in Sept of 2011 and the owners are still living in it. Thanks.
Note: Contacted the lender and they are not able to provide much information other than the home will be going up for sheriff sale.
Fannie Mae REO Owned offer waiting on Mortgage Insurance Company on previous loan to approve offer.....how long will this take to get an answer?
Offer accepted by asset manager @ Fannie Mae, but since they are taking a loss, needs to be approved by previous/current MI company. What are the odds of approval? How long does this take. It has been…
Offers been in 3 months. Owner just rented the short sale to a family how can the owners rent it so close to us closing?
We placed an offer on a short sale home, we were told short sales are taking up to 3-4 months to hear if the offer was accepted or not. Well 3 months have gone by and we drove by the house to check on…
HOA foreclosure followed by Bank foreclosure?
I have a very interesting situation that I've been curious about, regarding Foreclosure by a HOA and then by the Mortage Bank. (This is in Tampa, Florida.) Timeline: 1. In 2003, Person A purchases…
bird-dogging for investors, so my question is can I bring houses to my investors from any source? A lending Co told they could only take unlisted hom
I need advice of who would know when I find killer houses deals who i can deal with besides private real estate investors. For example a lending co. told me I could only bring them deals that weren't…
What is the REO property offer process and what do the banks use in qualifying the offer?
I had my eyes set on this REO property, I wanted it so much I did everything to make sure I was qualified as an ideal offer. I got approved for a loan, got prequalified from the listing property's…
My name is on mortgage not deed. Brother has died, What am I responsible for? He and wife did a quit claim back in 2007. I have been paying mortgage
Back in 2007 my brother needed help and we went half on mortgage payments. My name and my wife are on mortgage, not deed. Unknown to us at that time my brother and his wife did a quit claim deed. The bank…
Online foreclosure auctions do not seem to provide bargains. Are REOs better deals than auctions?
I've been contemplating of bidding and buying at online foreclosure auctions, such as https://www.miamidade.realforeclose.com The best deals seem to be the HOA foreclosures, on the surface. However,…
I am a renter on a piece of property that is being sold as a short sale. Owner is worth millions, how can he get away with this?
The short sale was supposedly preapproved because of a medical hardship. Though owner does have a medical hardship it doesn't seem to interfer with him managing his other 50 pieces of property. He…
when you do a short sale is the buyer getting the home "as is" and is it in our best interest to disclose the not so odvious repair issues?
needed? what about the cosmetic repairs? like fresh paint etc. from our stand point should we care about the overall apperance and why
Who pays what cost (buyer/seller) in the purchase of a bank owned foreclosure property?
We are currently looking to buy a bank owned foreclosure, the closing cost seemed super high so I'm curious as to what is negotiable for the seller to pay and for us to pay as buyers. Plus, since…
How do you get in contact with the REO parties to secure maintenance contracts?
The Albuquerque,NM area is ripe for the forclosed property maintenance business. How do I access the forclosure listings (without paying "site"), who specifically should I be seeking to contact…
HOAs are foreclosing homes in Florida. Are they responsible for the mortgage(s) if they buy the home at the auction?
HOA liens are junior to the mortgage liens. If a "3rd party" (investor) buys the home at the county auction, then the buyer will be responsible for paying the balance of the mortgages. Hence,…
I need to find a real estate agent who is willing to represent me and Bank of America in the short sale of my house in Los Angeles, CA.
I need them to go on Equator asap as the foreclosure sale is before the end of this month. Please contact me by email if you have an certified account with Equator and can log on today to represent…
How mong does it take the bank to accept an offer?
hi i was wondering how long does it take for a bank to approve a offer. if it help l, i offered full price and only asked them to pay closing,appraisal, and home warranty however that was thurs. eve. it…
During a forclosure one one home would they possibly put a lein on a mobile home?
I'm having a 110k home forclosed on. I've purchased a cheap double wide mobile home which is not worth much. Would the mortgage holder actually put a lein on a mobile home which is not worth…
Hello, I am wondering...Is it better to have a short sale on your credit or a foreclosure??
I recently separated from my husband and was blessed tobe able to purchase a new home...but the home that we have together is not occupied...should I try to short sale this property or just walk away from…
Fannie Mae REO/Bank Owned offer waiting on Mortgage Insurance Company on previous loan......please help explain?
We have a verbal agreement with Fannie Mae on a Bank Owned property. The final agreed upon contract and addendum was sent to the Assest Manager last Tuesday (12/27/2011) for bank signature. We did not…
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