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Foreclosure in 11219 : Real Estate Advice

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  • Local Info1
  • Home Buying12
  • Home Selling0
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Activity 3
Tue Jan 24, 2017
Angelica P answered:
Hi,

I have emailed you regarding this concern.


Thank you for using Trulia!

Angelica
Consumer Care Advocate
0 votes 1 answer Share Flag
Sat Aug 15, 2015
Trevolyn Haines answered:
Are you referring to short sales? Some agents price their short sale listings too low so it is good to be skeptical. Lien holders will usually only approve a short sale if the sales price is relatively close to a realistic market value. ... more
0 votes 2 answers Share Flag
Sun Dec 21, 2008
Dp2 answered:
If you've already purchased a REO, then you'll need to check the terms of your purchase agreement (and any addenda) and loan agreement (if applicable). The prior might include a seasoning clause, and the latter might contain a prepayment clause.

However, if you haven't already purchased a REO, then you'll need comb through (or hire someone else to do it) all of the terms of your purchase agreement and loan agreement, before you close on that property. This way you'll be able to eliminate the clause or reduce the duration thereof.
... more
0 votes 8 answers Share Flag
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