Trulia Community - Advice from neighbors and local experts

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

Foreclosure in 14215 : Real Estate Advice

  • All8
  • Local Info0
  • Home Buying5
  • Home Selling0
  • Market Conditions1

Activity 4
Thu May 14, 2015
Dan Tabit answered:
Cynthia,
Foreclosure is not an immediate process. It can take months or even longer, so there is no need to panic yet. If you have a lease, you'll likely be allowed to remain for the rest of the term, but don't plan on signing a new one with the bank. If you are month to month, you'll receive notice from the bank once they take ownership.
I'd encourage you to start to consider where you want to move next however and take control of the part of this you do have.
... more
0 votes 1 answer Share Flag
Mon Jun 18, 2012
Joanne Hajduk answered:
If your house hasn't quite reached the foreclosure process, I recommend you contact an agent immediately to get it on the market, as this will put the process on hold, as long as you have a knowledgeable agent and attorney that can submit the shortsale paperwork on your behalf. You might be able to get a partition on that lot in order to sell it to your neighbor, or you may want to hold off on just selling the lot if you can more easily sell the house with the lot. A shortsale is a better option then foreclosure when it comes to your credit report. ... more
0 votes 6 answers Share Flag
Wed Jun 13, 2012
Michaelf Mercer answered:
You need to consult with a good real estate attorney.
If you call me at 716-472-9296, I can recommend one,
In the buffalo NY area.

Michael Mercer
Associate Broker
1 vote 6 answers Share Flag
Search Advice
Search

Followers

254