Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

12603 : Real Estate Advice

  • All17
  • Local Info1
  • Home Buying7
  • Home Selling0
  • Market Conditions0

Activity 14
Sat Jan 30, 2016
Richard Gindes answered:
Day 1: 150 Day Notice of Acceleration is sent. (Formerly 90 days.) This means that the entire mortgage debt will be due in 150 days if you do not become current with your payments. (A Chapter 13 bankruptcy filing will reverse this and give you up to five years to catch up on your missed mortgage payments.)

Each state is different and you should seek legal advice if the statues in your state are not clear to you. This is the timeline for the inception of the foreclosure process in Massachusetts, my home state. Also be careful who you talk to about your real estate needs, seek the help a Certified Buyer Representative if you are buying a house. Do NOT talk to the listing agent about your situation if you go to an open house or walk into a Real Estate office as their fiduciary duty is by default, to the seller(s) they represent, with a promise to get as much money from YOU (the buyer) as they can. Make sure you are talking to an agent who has a fiduciary duty to protect YOUR interests!

5 Months: The foreclosing mortgage holder can begin the Land Court proceeding for a determination that you are not a military servicemember. You will get an “Order of Notice” which gives you 30 days to tell the Land Court if you are in military service. This step is unique to Massachusetts. It is not strictly required for a foreclosure, but it is required for insurable title. (Lenders to the next purchaser will require title insurance before making a mortgage loan.) The procedure used to take only 30 days, but the Land Court is very, very backed up these days. There is a very remote possibility that you have a Rambo foreclosing lender who wants you out of the house quickly and will get the Land Court ruling later. If so, delete this step.

6-8 Months: After the Land Court issues its judgment that you are not in the military service, the lender will run a classified advertisement at least three weeks in advance of the proposed sale. This might be delayed somewhat for the convenience of the lender or its attorney.

1 Week Later. The lender gives you two weeks’ advance notice of the proposed sale.
... more
0 votes 3 answers Share Flag
Tue Jul 7, 2015
Jodyannsteele asked:
I'm looking for mortgage. to buy a home.
0 votes 0 Answers Share Flag
Wed Jun 17, 2015
Janice Carrasco answered:
Agents do not work for free. They are entitled to compensation just like anyone else. Therefore, they are well within their rights to obligate you to the term of your contract.
0 votes 4 answers Share Flag
Wed Jun 17, 2015
Janice Carrasco answered:
You can ask the seller's realtor who the attorney is that represents the seller. You have a right to know this. The seller's attorney should have sent the contract to your attorney. If you have an attorney, ask your attorney where the contracts are. ... more
0 votes 4 answers Share Flag
Thu May 7, 2015
Kirsten Prizzi 239-248-1667 answered:
There special websites to list for sale by owners.
0 votes 1 answer Share Flag
Mon Aug 12, 2013
Randy H. Fallon answered:
Hello,

My name is Randy Fallon and I am a Licensed Real Estate Broker. I handle business in Dutchess, Putnam and Westchester counties. I specialize in working with financially distressed situations and would like to have the opportunity to speak with you regarding your situation. I feel confident that my 21 years experience combined will be able get you out from under this stressful situation.

I can be reached direct at 845-505-1299

Randy Fallon, NYS Licensed Real Estate Broker
Sell Now Realty Group, LLC
1073 Main Street, Suite 204
T. 845.232.2042
T. 914.502.3989
F. 914.297.6644
... more
0 votes 3 answers Share Flag
Mon Jun 3, 2013
Robert Hoffmann answered:
Hi there newmarkEngineer
This may sound basic, but make some calls to local contractors.
I am sure they can give you hard numbers.
But more important is all the legal stuff, permits, etc
Also at resale, a garage always has value
Make sure you can convert it back to a garage door if necessary
Just ideas. Good luck
Robert
... more
0 votes 4 answers Share Flag
Sat Mar 23, 2013
Igor Smetaniuk answered:
WOW! Talk about a resurrection of a post from the dead. Linda is probably already been foreclosed on the new home she bought after selling the one she had owned at the time of this question. Doesn't anybody look at the dates or will this start a whole new 10 answer flurry? ... more
0 votes 14 answers Share Flag
Sun Aug 5, 2012
Msbronson2001 answered:
Thanks for all your answers with very useful information. I will continue to do my due diligence.
0 votes 6 answers Share Flag
Wed Jul 6, 2011
Emily Erekuff answered:
Hi Outtoharmon,

Trulia doesn't accept FSBO listing submissions. However, if you choose to work with a flat fee or full service broker or agent in the future, he or she can submit your listing information to Trulia via the link below.

Let us know if you have any other questions.

Best Wishes,

Emily Erekuff
Community Moderator
... more
0 votes 4 answers Share Flag
Fri Mar 20, 2009
Emily Erekuff answered:
Hi Deepwater,

I'm afraid that this feature isn't available at this time for the iPhone, but it's a great suggestion and something we would definitely like to do. Please stay tuned for updates.

Best Wishes,

Emily Gibson
Community Moderator
... more
0 votes 1 answer Share Flag
Search Advice
Search

Followers

245