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Foreclosure in Queen Creek : Real Estate Advice

  • All233
  • Local Info19
  • Home Buying86
  • Home Selling14
  • Market Conditions10

Activity 21
Fri Mar 6, 2015
MarsaRam25 asked:
Ketone Burn Another way of interrogating Slimshots effectiveness is examining the product itself: what it is made of and how it works. Now as mentioned earlier, Slimshots is an 'appetite…
0 votes 0 Answers Share Flag
Mon Aug 25, 2014
Sarah Larson Team answered:
Looks like it went back to the bank in March, and had been listed for sale at 250k. It is now for sale at $209,900. Sounds like it could be difficult to finance due to the dome, so if you will be taking a loan, you should talk with your lender first. It is under auction terms and tomorrow 8/26 is the last day to submit. Plan on a 5% buyers fee as part of auction terms. Let me know if I can help! ... more
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Mon Jul 14, 2014
Rebecca Kallhoff Team answered:
There's currently only one active home on the market on that street...
Were you still looking?

Rebecca Kallhoff
1(480)275-9566
rebeccakallhoff@remax.net
www.RebeccaSellsAZ.com
0 votes 8 answers Share Flag
Wed Jan 22, 2014
Amber Rohner answered:
Hey Jim!

So sorry to hear you feel your realtor is not doing a good job! Usually if you express your concerns, a realtor would be more than happy to fix the problem or help come up with a solution! Maybe ask to meet with your realtor and their broker to get some things hammered out!

Good luck!
... more
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Sat Nov 23, 2013
Chris Benson answered:
it's a great time to Buy in Queenland Manor - and the Villages - It is a Buyers Market - Sellers are reducing prices, taking lower offers, offering incentives, accommodating repair requests, and more! Our office is located less than 1 mile from Queenland Manor & we constantly have out eyes and ears on the pulse of the local market. ... more
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Thu Oct 18, 2012
Stevens & Manley answered:
Tue Feb 21, 2012
James Wehner answered:
Hi Kristi,

I'm sorry to hear about your situation. The best advise I could give you is to check with both the lender and the trustee to confirm if you sale is taking place on the date they scheduled. There are many homes that get postponed for various reasons.

Confirm with the trustee on the 19th close to the end of the day to see if the home was actually sold and if it sold to a 3rd party or reverted back to the lender. It depends on who takes ownership on how they might proceed.

Either way, I would recommend that you prepare to move now and sit tight for a knock on the door once the home goes through the trustee sale.

Best Regards,

James Wehner
West USA Realty
480-323-5462
http://www.jameswehner.com
... more
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Sat Aug 6, 2011
Investor X answered:
Why would you want to extend they stay? I’m sure you lived at the property mortgage free for 3 months to 12 months not paying mortgage payments. Trying to squeak out another 30 days free living? ... more
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Sat Aug 6, 2011
Investor X answered:
OK so let’s get this straight. Lemme guess what happened because I know Queen Creek quite well. She’s foreclosing because the new home community where she bought had the bank give out loans like big Macs at McDonalds. Cheap and fast. Back in 2005-2009 anyone can get a loan for $250K even if you where unemployed and on drugs. So yer friend bought a house when she couldn’t afford the place in the first place. Took in roommates and did everything possible to pay the interest only mortgage but still didn’t work.

So now she’s looking for affordable housing. You need to get on a waiting list for about 8 years. Since she was a previous home owner not looking so good. Her FICO is dinged with a foreclosure that’s 8 years bad credit rating. Bad credit rating means I don’t pay bills on time. If she buys an affordable housing unit or house she can only sell at the rate of what the affordable rate is.
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Fri Oct 29, 2010
Joe Thompson answered:
I believe that if they had filed a judgement against you prior to the bankruptcy, they do have the right to pursue payment. I'm surprised they continue to pursue it so diligently though. ... more
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Tue Oct 26, 2010
Monir Mamoun answered:
Wow, no maintenance either. You need to check your contract as far as HOA dues go. If all those things are due to you, you can withhold rent necessary to pay for repairs. Doesn't sound like your landlord can pay for a lawyer to sort things out.

But you should speak with an attorney. You don't have a right to withhold all rent, though you may be able to withhold rent equivalent to the HOA dues and your security deposit as well, especially if your landlord cannot provide proof of escrowed security deposits.
... more
0 votes 6 answers Share Flag
Mon Feb 8, 2010
Sonda Hilario, CDPE, CNE answered:
Hello,
You do have rights as a Tenant. Thanks to new laws in place to protect tenant rights in the event the home goes to foreclosure. Check this out the attached website for the information at the Arizona Attorney General's Office. If you want information regarding Cash for Keys don't hesitate to contact me.

You can go to Maricopa.gov and look up the information manually or have a REALTOR assist you with it as well.

I Hope that helps.

Sonda Hilario
REALTOR, CNE, e-PRO, Certified Distressed Property Expert!
RE/MAX Infinity
Chandler, AZ 85286
Direct: 480-289-5982
email: sonda@sondahilario.com
www.sondahilario.com
www.ShortSaleDivas.com
... more
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Tue Oct 27, 2009
Zachry Feuer answered:
Adenette,

That is a common question that I have came across as a short sale expert here in Arizona. There is the possibility of legal, credit and tax implications in all short sales that require sound expert advice specific to each topic. We work closely here with experts in each field to make sure that all questions are answered properly. If you are still in need of direction please do not hesitate to contact me direct. My team would happily provide you with the resources you need. ... more
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Fri Aug 7, 2009
Jeff Blair answered:
This home had an original mortgage of $108,000 in 2003 and the home is worth considerably less now. the only option is to try and sell it around a break even point or short sell it if too much is owed. I would need to know how much is owed on the property to know if it is worth trying to save. Current market value is about $75,000. If you can get an accepted offer before the auction date it should be able to be postponed.
Hope this helps
Jeff
... more
0 votes 2 answers Share Flag
Thu Aug 6, 2009
Eve Bragg answered:
Well the housing market out here in Queen Creek is priced low in general due to Foreclsures and Short Sales... The builders built new homes for people then they ended backng out because of all kinds of crazy in the US today.. So these are called spec homes and you can buy these even cheaper then building from scratch.. Some builders have paused there building till these spec homes have sold.. If you need more detail feel free to email me or cal...Hope this helped a little... ... more
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Tue Jul 7, 2009
Jim Mitchell answered:
Hi Tom. According to the trustee's website, www.priorityposting.com, it went back to the bank on 6/18/09 at 10:00am. It was auctioned at the trustee's site in Phoenix and no one bid on it, which means the bank that forecloses on it takes it back and now must sell it.
It should be coming on the market again soon once the bank chooses an agent to list it. With all of the moratoriums on foreclosures in the past 6 months being imposed by Fannie Mae and Freddie Mac, a lot of the banks are taking it slow when it comes to re-listing the property once they foreclose on it. It sometimes takes up to 6 months to get it relisted. I've also seen the banks relist them the next day. There's no way to tell.
By doing it this way, the banks believe that it will slow the decline in property values; it's supply and demand. If the demand remains strong, and the supply is down, then prices/values should remain fairly stable. It's when there is way too much inventory (like the past 1 1/2 yrs) that the property values decline rapidly. I suppose it's better than flooding the market with hundreds if not thousands of listings at a time.
If you're interested in this home, let me know and I'll keep a watch on it for you. Send me an email with your contact info and I'll keep an eye on it and let you know once it becomes available.
... more
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Tue Mar 24, 2009
Dp2 answered:
Stew raises an interesting point: stop paying rent. if you opt to use this strategy, then you should arrange to escrow your rent until you've resolved the issues with your deposit(s), because you still owe the landlord rent--regardless of whether or not his/her property is in foreclosure.

In any case, whether you opt to stay or go you have several options.
... more
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Tue Mar 24, 2009
Mary Witt Elaine answered:
Many lenders will PAY you to move. Contact your lender to see if there is a moving allowance. If you don't ask, you'll never get it. I
0 votes 4 answers Share Flag
Tue Mar 24, 2009
Mike Sackman answered:
GO FOR IT!! The bank will require an income statement and pull a credit report most likely, if you are keeping up, they would definatley entertain reducing the APR to keep you in the house. They won't reduce what you owe, but they would work with you on the rate to reduce the monthly payment. ... more
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