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Foreclosure in Baton Rouge : Real Estate Advice

  • All258
  • Local Info21
  • Home Buying97
  • Home Selling20
  • Market Conditions8

Activity 18
Tue Sep 30, 2014
Juan Andricain answered:
That home went under contract on the 17th. If you would like to see other's like it, please feel free to contact me. juan.a@kw.com
0 votes 1 answer Share Flag
Fri Jan 17, 2014
Larry Clark answered:
I'm sorry, but I don't understand the question as it relates to "transfer value." Could you maybe rephrase the question, or provide additional information..?
Thank You, and Have a Great Day! Larry ... more
0 votes 1 answer Share Flag
Tue Oct 15, 2013
Annette Lawrence answered:
Of couse you can offer less.
However, this strategy has consequences.
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A typical foreclosure is priced below market value.
This attracts lots of buyers.
The process is structured to get multiple offers.
If you don't come in strong and fast....
....it dissappears into the 'black hole' of losing foreclosure offers.
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Some banks WILL systemicly send out a 'highest and best' counter to all received offers to advise buyers it time to get serious if this is the home you want.
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Be very aware, there is more to consider than price. Many homes sell to buyers who do not offer the highest price.
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It has been my expereince, buyers asking this question seldom purchase a home until they realize they are not assessing the competive nature of the REO market place properly. When they have properly assessed this market they ask, "How can I get this house?" not "How low can I go?" Even those with the proper mindset find it very competive.
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If you don't change your thinking, you will soon be submitting a question similar to:
"Why are all my offers rejected? What must I do to win in a Foreclosue bid?"
... more
1 vote 10 answers Share Flag
Sun Aug 4, 2013
Margaret Rodrigue answered:
I'm sure you already got this taken care of, but call me if you still need an agent! 225.505.8725
0 votes 4 answers Share Flag
Wed Jul 31, 2013
Margaret Rodrigue answered:
You might try the Baton Rouge clerk of court. Just head down there and ask them to do a search for you.
0 votes 2 answers Share Flag
Mon Jul 15, 2013
Alison Hillman answered:
If you have other questions about using Trulia, please feel free to email them directly: customerservice@trulia.com.

Best,
Ali
0 votes 1 answer Share Flag
Wed Jul 25, 2012
David Engle answered:
I specialize in the LSU area and can help you if you're still looking. My office is located on Nicholson Drive, just north of LSU's campus. I know of some very nice places.
0 votes 9 answers Share Flag
Tue Jul 10, 2012
Isaac Jackson answered:
Sun Jul 1, 2012
ME answered:
for sale @ $165k, as is ...needs repairs!!!! REO property.
0 votes 3 answers Share Flag
Sun Jul 1, 2012
Nancy de Marcay answered:
There are provisions as to how that is handled. If the mortgage company purchases the home this is what will happen. If you occupy the home, a REALTOR will contact you. Please respond to that letter or notice tacked on your door. If you are the former owner, you will be given a time frame to move out, provided you remove ALL of your belongings and sweep it out. You will be offered a dollar amount for that move. Pictures will be taken before you move and after you move. No damage can occur to the home to receive the financial compensation. If you rent, you will need to present your lease. Different arrangements will be offered to you. The REALTOR handling the transaction will explain to you what is going to happen. Each case is a little different.

If an individual purchases the home, they make the rules. The sheriff could be involved to evict you.

Please contact me if you have an additional questions. 1st Louisiana Realty, Llc.
... more
0 votes 2 answers Share Flag
Fri Apr 13, 2012
Daniel answered:
Sun Jun 26, 2011
Tni LeBlanc answered:
If you use FHA financing, HUD will allow a closing cost credit to the buyer.

If you use a conventional loan, they will not.
0 votes 1 answer Share Flag
Wed Jun 16, 2010
Daniel answered:
First, this is the Baton Rouge, Louisiana market

If you offer 50% of the asking price, (unless there is a defect in the property to warrant such offer,)

You will NEVER BE TAKEN SERIOUSLY

Consult a LOCAL professional and ask them to pull a list of recent REO / foreclosed sold properties and see for yourself the average pricing
... more
1 vote 7 answers Share Flag
Mon Apr 6, 2009
Kristina Cusick answered:
I am not showing a property on Batavia available for sale in the MLS. There was one earlier in the year. It closed on 2/11/09.
0 votes 1 answer Share Flag
Sun Apr 5, 2009
Daniel answered:
MLS does indicate that the property is bank owned,

ER REO? Y 3rdParty? Y
0 votes 2 answers Share Flag
Thu Nov 6, 2008
Ann Dail Broker answered:
You can obtain information on HUD Section 202, 811, 221 at the following links:

http://www.hud.gov/offices/hsg/mfh/progdesc/rentcoophsg221d3n4.cfm
http://www.ruralhome.org/pubs/guides/202/introduction.htm
http://www.hud.gov/offices/hsg/mfh/progdesc/disab811.cfm

In the Baton Rouge and surrounding areas the broker exchange of GRBAR gives ability to search for multifamily. The commercial broker exchange also gives multifamily properties, You can find links to both these sites on BatonRougeAreaHomes website on the main page. HUD as well as bank owned and other ownership is included in these seaches
http://www.BatonRougeAreaHomes.com

If only HUD owned properties are desired these can be found at Citiside Mgt. website
http://hud1.towerauction.net/LA.htm You will need to contact a HUD broker to place a bid on these. Our company is a HUD broker if you aren't already using one.
... more
0 votes 3 answers Share Flag
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