There are services you can subscribe to, which will keep you up-to-date if this is something you want to continue to do. I can also put you in contact with my local attorney's office which has even quicker and more accurate access with up to date records. Pop the address over to: email@example.com and we can go from there.... more
This property is not currently on the market. It was last sold in 2006 for $118,500. It was refinanced in 2008. In 2009, the owners were issued a notice of default for the property, but the records I am looking at do not indicate that the home was ever forclosed on and the title has not been taken out of the owners name.... more
Your first step should be to make sure your business is registered and insured. Then meet with local listing agents who specialize in listing REO homes in your area. Alot of agents manage the preservation task and get estimates and hire the workers. Other banks will use national preservation cpmpanies which you can sign up for, they require more paperwork and requirements but pay less.... more
A short sale would be the ideal option rather than walking away and allowing a foreclosure, an interested investor may be interested in buying and holding as a rental property. Hope this helps!... more
Your best bet is to use a realtor. The seller pays them so they can get you a list of what's available and in a variety of areas. Once you find a few you like, take your contractor with you to see what the estimated cost of fix up would be. It's also important to pay attention to days on the market for recent sales to determine if the homes are selling and how quickly where the home is located.... more
Use the $15K to buy something other than real estate or put it in a savings account. That is unless you have another, let's say, $100,000 +/- $20,000 in CASH to "fixer-upper". Think more seriously about investing in something other than foreclosure properties at that level of investment - $15K. Seriously.... more
The best place to look is at homes that are distressed also referred to as (short sales). I hold a designation as a Short Sale and Foreclosure Resource. If you'd like to discuss with me what your goals are I am happy to direct you. You may visit my webpage to learn more about me at lisarozier.com
Feel free to send me an email.
Bless your heart! You need help right away and I would recommend you contact a CDPE. If you wish I have the name of an agent in St. Louis that you can contact .....just contact me by email, text or phone call.
Standing ready to be of service
Remax of kc
Kansas City Metro Real Estate
the site below may be of help....it has info on both shortsales and foreclosures....
A verbal offer means nothing. I am surprised a lender is working with you or the seller directly...this is dangerous for all without a Realtor involved. I would recommend hiring a Realtor or an attorney immediately. This has disaster written all over it.... more
Matilda, I am an experience Short Sale Specialist and would be more than happy to answer any questions you might have. I would recommend you do interview a few Realtors and get as much information possible. Always remember, you do have options. Do not walk away from your home as the impact on your credit is less for a Short Sale than a Foreclosure. Please, if you need anything give me a call. I will be happy to walk you through the necessary steps for a Short Sale.
The Best Seller GMAC Real Estate