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Foreclosure in Plano : Real Estate Advice

  • All467
  • Local Info41
  • Home Buying172
  • Home Selling16
  • Market Conditions14

Activity 15
Wed Jun 10, 2015
Jilida answered:
It is a very frustrating process sometimes dealing with foreclosure red tape and the process just to speak with someone. Do you have a realtor representing you? Typically there is a case manager or someone you can get through to in a timely manner. Are you the buyer? The bank must have signed authorization from seller permitting them to speak to anyone about anything,

Reference Link:
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2 votes 8 answers Share Flag
Tue Feb 17, 2015
Javier Montiel answered:

You didn't attach a property address. It might be a good idea to contact a local agent to assist you.
0 votes 4 answers Share Flag
Tue Jun 4, 2013
Hava Johnston answered:
Good morning Edgar,
Sounds like you have gotten some pretty solid answers here. are you looking to purchase your primary residence, or an investment home? When working with foreclosures and short sales, it is important to remember that you are dealing with banks and not individuals. An agent with SOLID experience will be able to walk you through the process buying one of these REO (real estate owned) properties. I am an accredited buyer's representative with short sale/ foreclosure certification. I would be happy to speak with you about your goals and see how I can help you achieve them. This is a highly competitive market right now, so hiring the right agent to represent you and your needs is more important than ever. Please let me know how I can help you buy your new home in Collin County. ... more
0 votes 8 answers Share Flag
Tue Jun 4, 2013
Hava Johnston answered:
Sounds like you are wanting some help with foreclosures. I would be happy to help you, but will need some additional information. IF you will give me a call I will be happy to walk you through the process as well as provide you with a list of homes that meet your criteria. Depending on weather you are looking for a primary residence, or an investment property, foreclosures may or may not be the thing for you.

Honestly, a short sale listing might be a better option for you if you have the time to wait to close.

why don't you give me a call and lets talk about your plans and goals and Ill see what I can do to help you.

Your REAL friend in REAL estate!
Hava Johnston
RE/MAX town & country
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0 votes 7 answers Share Flag
Fri Mar 8, 2013
Kobe answered:
There are lot of procedures when you are in a foreclosure state, if I would have been in that situation then certainly would have consulted the attorney to resolve it as soon as possible. As attorney is the only person who can help you to find the way out and most probably the best one according to your situation. Well you can clear all your debts while going for a new loan ( which would be quite helpful and you would stay back in your home. ... more
0 votes 3 answers Share Flag
Wed Feb 20, 2013
Tommy Burris answered:
Awesome. Congrats Patricia

Tom Burris
Mortgage Banker
(214) 763-4629 cell/text/nights/weekends(Really!!)
Lending all across the entire Great State of Texas!!
NMLS# 335055
Search Dallas area MLS for FREE. No registration =>
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0 votes 16 answers Share Flag
Tue Oct 18, 2011
Linda Lorenzo answered:
As metioned you definitely need some professional advice. If you can't afford an attorney, go see a lender and see what they think. Another option is a company called Legal Shield that for a low monthly fee ($27) will give you legal help. Email me if you would like me to link you up or send you more information. Good luck. ... more
0 votes 7 answers Share Flag
Fri Sep 2, 2011
Shannon Wiser answered:
Thu Jan 27, 2011
Melissa Hailey answered:
Hopefully your Realtor will be able to clear this up for you. Normally after the title company has the HUD-1 approval the next step is closing. If the home is already a foreclosure (bank owned) home there shouldn't be a 2nd bank involved as the seller. However, if the seller doesn't approve the HUD-1 you cannot close on the house. Your best bet would be to have your Realtor get involved and help you get this resolved.

Good luck with your new home!

Melissa Hailey
Coldwell Banker Jane Henry Realtors
North Texas Top Team Realtors
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0 votes 7 answers Share Flag
Wed Jan 26, 2011
J.R. Molina answered:
Attention all AGENTS:

This is what we are looking for.
- Houses that will sell for up to $150k when repaired and remodeled.

- Would like to sell house for 100% increase in value of repair ex.(purchase house for $75K fix and remodel for $25K sell for $125K).

- If you are a strong Listing Agent listing will be agent's listing (turnover needs to be no more than 90 days). DOM and CDOM would be crucial in Search

- Collin County, Denton County preferred but also doing deals in the Uptown and Bishops Art District area

If we purchase the property $500 will be agent's upon closing of transaction.
Since we buy cash closing could be as early as 15 days.

Agent would also have the option for selling the home themselves (must qualify - based on agent's previous performance/marketing campaign)

Our plan is to make it the best deal in the neighborhood (competitively priced but with the best finish out in that market).
We are ready to buy 3-4 deals ASAP.

If you have any properties in mind, have them to me before Friday 12:30pm (in time for our weekly meeting).
Let me know if you need further details.

Thank You,

JR Molina | Real Estate Investor | REALTOR
Tel. 214-444-8289
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0 votes 6 answers Share Flag
Sat Oct 2, 2010
Jerry Holcomb answered:
If you have a house in mind I have a team that can close on 99% of the houses in less than 45 days. most even sooner.
They specalize in working directly with the Bank employee that controls the property and speeding up the whole process.
They close 40+ a month this way.
If you want more info e-mail me at or call 972-827-7890
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0 votes 9 answers Share Flag
Mon Apr 26, 2010
Ronda Allen answered:
Right now, there isn't anything average. Lenders are backlogged. 'On or before April 30, 2010' went onto a lot of contracts, assuming the home buyer tax credit had to close by then (it just has to be an executed contract before 4-30, and close/fund no later than 6-30-10). Title companies are making tentative appointments and just getting people to closing as their documents arrive. Don't be surprised if more than one extension is needed. Try to focus on something else and don't schedule movers or contractors of any kind until you hear you have fully funded and have possession of the home.
Best of luck.
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0 votes 7 answers Share Flag
Wed Apr 15, 2009
Margaret T. Hatcher answered:
Many of the homes on Realtytrac are not available for sale. If and When they are they will be listed with a Realtor on the MLS. The only advantage you will get with Realtytrac is being able to contact the owner before the home is foreclosed on - NOT a wise idea, you put a lot down to get a home that may or may not be clear.
You will not be able to purchase at auction, the lenders are purchasing the homes back on opening bid.
If there is a Realtor you can click on the area you are interested in and maybe one will come up.
You are better off to go to http://www.bidselect .com and choose a HUD agent in Dallas, they will be versed in the foreclosures and proper bids.

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0 votes 5 answers Share Flag
Fri Feb 20, 2009
Bill Eckler answered:

Review your purchase contract. Most contracts allow for a financing contingency that protects your deposit should you not qualify for a loan.

Our recommendation is to talk with your real estate professional and refer to your document.

Good luck
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0 votes 7 answers Share Flag
Thu Oct 16, 2008
ALBERTO S. answered:
call me. i have a site i use since 5 yrs & they have grown. 917-826-0705
0 votes 4 answers Share Flag
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