Foreclosure in Coconut Grove : Real Estate Advice

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Alma Kee, Real Estate Pro in Tampa, FL
Alma Kee answered:
Do agree with the federal investigation into mortgage foreclosures? How will this probing affect buyers in today's market?
I totally agree with the investigation. It may help to slow down the avalanche of prices.
1 vote Share Flag Thu Oct 21, 2010 Foreclosure in Coconut Grove
From the Closing day, How long should I expect to wait to receive the title policy with your original recorded warranty. What is Typical in Florida?
It can take a few weeks to get the title policy. If you don't get it within that time, give a quick call to the title company. It's rarely a matter to concern yourself with si ... more
0 votes Share Flag Fri Oct 1, 2010 Foreclosure in 33133
Phyllis Cros…,  in Tampa, FL
Phyllis Crosby answered:
What can I expect for the Closing Cost when buying a Foreclosure in Cash ?
Depends on the seller bank. Some paying title insurance and state stamps on the deed, some don't.

Sometimes the listing identifies this fact. You may not know until you make th ... more
0 votes Share Flag Fri Sep 10, 2010 Foreclosure in 33133
Donna Concan…, Real Estate Pro in NEW SMYRNA BEACH, FL
Donna Concannon David Kosmas answered:
What are the aspects that I need to be carefull when buying a Foreclosure with Cash to ensure a secure and safe transaction?
Work with a REALTOR and Title Company or Attorney who are experienced and the process will be smooth. Look for a CDPE REALTOR in your area. Go to
1 vote Share Flag Thu Sep 2, 2010 Foreclosure in 33133
Debra B Albe…, Real Estate Pro in Port St Lucie, FL
Debra B Albert PA answered:
I am buying a Bank owned property and just found that the bank has owned the property for 2 years? why would them hold a foreclosure for so long?

It is my understanding that the banks have about 20% of the properties they own available for sale. I can only speculate as to why...I have some opinions, however, I have no fac ... more
0 votes Share Flag Sat Aug 21, 2010 Foreclosure in 33133
Janie Coffey,  in Coral Gables, FL
Janie Coffey answered:
"waiting for CU to negotiate"???
Hi Lee

What this means is waiting for "Certificate of Use" to negotiate. If the property you are interested in is a Foreclosure (REO) in Miami-Dade County, it requires a Ce ... more
2 votes Share Flag Sun Sep 27, 2009 Foreclosure in 33133
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