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Home Buying in 33625 : Real Estate Advice

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  • Local Info1
  • Home Buying7
  • Home Selling1
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Activity 7
Fri Feb 26, 2016
Diane Christner answered:
The time period you must wait after a foreclosure can range from as little as 2 years to as much as 7 or 8. It depends on your circumstances, did you have a medical illness, divorce or lost a job -- those things can change the wait time for some loan programs. How much money you have to put down for the next home also plays a factor.

If you are in foreclosure in FL you really should speak with a local real estate attorney who deals in foreclosures because there is the possibility that your lender can foreclose on your home AND get a judgment against you. That could impact your ability to get any sort of loan in the future.
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Sat Jul 11, 2015
Drntrader answered:
Hi Mike, Did you find that list? I am looking for one myself, please let me know if you have any information.

Thank you,

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Thu May 10, 2012
Ann Ryan answered:
Are you a tenant or the owner of the property?
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Tue Jun 28, 2011
Alma Kee answered:
Looks like it could be a possible short sale "flip". The Realtor only remarks indicate to make the seller's name on the contract "owner of record". That's a red flag.

Probably not possible to buy for a bargain if they're planning to flip it after they get an approval at a lower sale price.

Do you have a Realtor helping you? If not, you're welcome to sign up for a free ListingBook account on my website and you can get automatic updates of "true" bargains, bank owned listings.

All the best,
Alma Rose Kee, PA
Future Home Realty
Westchase Office
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Thu Jun 23, 2011
Alma Kee answered:
Oh, and don't automatically assume the HOA bills being sent to you are correct. Some sleazy HOA attorneys will attempt to collect back due HOA fees for which they are not entitled per Florida HOA laws.

If a property in an HOA forecloses, the maximum they can collect is 6 months HOA dues and it's normally paid by the Seller at closing. You should see a credit or debit for the HOA dues on the HUD-1 Settlement statement you received and signed at the closing. A condo allow one year of back due HOA's to be collected on a foreclosure.

On a Short Sale, all HOA and condo dues must be paid in full.
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Tue Mar 29, 2011
Lynn Pineda answered:
Good morning Paul,

This seems most unusual for a Lender to reject an offer with a known roof replacement needed. So this leads me to believe that the inspection report and two roof replacement quotes weren't provide to the Seller's Lender. Do you know if your Agent provided the inspection report and roof quotes to the Listing Agent? However, if you simply submitted your offer on your own conclusion that the home needs a new roof then yes, it's unlikely the Lender will budge. You must have your inspection completed.

I've had this scenario happen several times in which the Seller's Lender reduced their approval amount once an inspection report and roof quotes were provided to them as they understand that the home will not sell for the originally approved price that did not take into consideration the need for a new roof.

The best to you and get the report and quotes submitted as this may be your answer.

Lynn Pineda
Short Sale Specialist
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Wed Nov 24, 2010
Beth Blevins answered:
In NC - a caveat emptor state - it is the buyers responsibility to uncover details pertinent to the sale. When you hire a buyers agent you transfer much of that liability to him/her. A good agent will provide CCRs and other legal information to you prior to contracting, read the material and check with the management company, documenting the determination. Your state will have a real estate commission. Call and ask what your recourse would be in your specific situation. Good luck!ns

Beth Blevins
Concord, NC
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