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Foreclosure in Manchester : Real Estate Advice

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  • Local Info13
  • Home Buying46
  • Home Selling4
  • Market Conditions7

Activity 10
Wed Jul 13, 2016
Maricris A answered:
Hello,

It appears that the property at 141 Chase Way Manchester NH 03104 is in 'Public Record' status. This means that the home is off the market and for informative purposes only. We are a real estate search engine so we don't represent the homes found on our site. Please follow these steps to begin your home search:

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Maricris
Consumer Care Advocate
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0 votes 1 answer Share Flag
Wed Apr 9, 2014
RonS answered:
Tim is correct. The lease survives any foreclosure. I should say, any bonafide lease survives the foreclosure. If the previous owner filled the units with family or, below market rates, they would not be honored. Read the Federal, "Protecting Tenants at Foreclosure Act" of 2009 and updated and modified by Dodd Frank reform and Confsumer Financial Protection Bureau this year. Tenants have rights and are not subject to eviction. ... more
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Sun Aug 25, 2013
Scott Godzyk answered:
For legal questions you should ask your bankruptcy attorney. When you file with the court, it will halt the foreclosure temporarily. the bank can ask the court for an order to continue foreclosure and if vacant an order to secure the property. Again for a true legal explanation, you should ask your attorney. ... more
1 vote 1 answer Share Flag
Tue Mar 27, 2012
Scott Godzyk answered:
Sheila if you rented they would giove you a 90 day eviction. If you were owner occupied they will give you a 30 day eviction. Once the auction is complete the home is usually assigned to an asset management company which then assigns the listing to a local agent who is on their approved list. You would then get a letter from the. The eviction is done by the banks attorney. You may have an opportunity for cash for keys, they will pay you to get out in 30 days or less to help with your move. The amount is negiotiable, the rule of thumb is teh faster you can get out, the more money they will goive you. Good luck working things out ... more
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Fri Sep 30, 2011
Jenn Clifford answered:
You can check on nneren.com or RealtyTrac.com but I have found that many of the Foreclosures listed on RealtyTrac are not ready to be shown or not ready to close. Please call or email me for a custom property search based on your Buying criteria! ... more
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Wed Feb 2, 2011
Richie Perrotta answered:
If I understand your question :to wipe out your deficiency you need an experienced Realtor and assertive negotiator. When you get your lender to approve your short sale they will honor that figure and release you from the deficiency and it's over. You can ,if you qualify, apply to the Hafa program and get the lender to approve the short sale prior to listing and getting offers. If you need any further answers: Rperrotta@Weichert Peterson.com 603-759-7914 ... more
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Tue Aug 17, 2010
Scott Godzyk answered:
When buying a bank owned property terms are just as important as price. By terms a cash offer with no contingincies closing in 14-30 days is better than a higher priced offer contingent upon a home inspection and contingent upon receiving fha financing. Your best bet is to have a buyer broker who can assist you with your purchase, You should be able to hire an agent to represent you at no cost to you, they get paid through the fee offered by the listing agent. If you would like some assistnace i would be mor ethan happy to answer your questions or assist you in finding another home and preparing an offer that the banks will find stronger. Good luck with your sears.

Scott Godzyk
email: SCTPROP@AOL.COM
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0 votes 5 answers Share Flag
Fri Jun 19, 2009
Donna Loy answered:
Fri Nov 21, 2008
Gregg Brooks answered:
Hi Jose

It doesn't sound right, if you notified your lender and they agreed to modify you loan schedule/payment, have been making payments etc. then why foreclosure? Take all information and written agreements, you do have them in writing? to your attorney for review.
I can do a bit of checking for you if you'd like, let me know

gbrooks@habsrealestate.com
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0 votes 4 answers Share Flag
Tue Jan 15, 2008
Dane Hahn answered:
Hi Ryan,
My colleagues (below) have given you much to consider. If you want to go to auctions, they are exciting and can be fun. My suggestion: if you are sincere and want to buy at an auction, sign a buyer agency agreement with an agent you like and go together.

I have taken many buyers to auctions, and I have seen grown men freeze when asked if they want to bid, and lose a great house they could have bought at a huge discount--I have also seen nerdy types step up and seize the day by buying a great house. If you are there to buy, then great! This is the way to make money on a home.
I tell my clients, you make money when you buy (if you buy right). You can't make money when you sell, because you can't sell for more than the market value--someday you will see what I mean.

The auctions will almost always be on the front stoop of the homes in question and often you can't even get inside to see the condition. And, coupled with that, these homes may come with back taxes, sometime IRS liens and occasionally other mechanics liens. But if you want a deal, this is one way--but not for the faint of heart.

Dane Hahn
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