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Foreclosure in 33904 : Real Estate Advice

  • All34
  • Local Info3
  • Home Buying12
  • Home Selling8
  • Market Conditions1

Activity 4
Robert Guth, Real Estate Pro in Cape Coral, FL
Tue Aug 9, 2016
Robert Guth answered:
You can ask a local Realtor to work for you. A Buyer's agent is most likely going to be compensated by the seller, so you can have professional representation with no cost to you. I have helped many investors, first time home buyers, etc. buy a home and they never had to pay me. I am from SWFL, and am a local Realtor with 16 years of previous mortgage experience, so I can pretty much cover all aspects of buying a home.

www.capecoralfortmyershomesonline.com
... more
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Emily Marche…, Real Estate Pro in Northfield, NJ
Wed Mar 27, 2013
Emily Marchese answered:
The terms of Your lease should still be honored unless you get notified to vacate. They must give you at least 30 days notice.
0 votes 1 answer Share Flag
Keith Manson-…,  in Milwaukee, WI
Thu Oct 1, 2009
Keith Manson- Metro Milwaukee Wisconsin answered:
You have lots of decisions you need to make. Alot of it determined if these expenses are paid through your escrow of not. If these expenses are escrowed than by stopping payments you are stopping every thing!

If you can separate the items are only worried by credit reporting then the priority of your expenses would be mortgage payment. If you complete a short sale and have a current loan it may not effect your credit.
https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0816.pdf

If you do not pay the insurance the mortgage company would most likely force place the insurance to insured they are covered but it will not be the best coverage for you and will be 3 times as expensive.

Taxes take a longer time to hit your credit. However, you have to look at your state statuates to best understand how this is handled. Usually after 1-3 years deliquent the banks will pay to protect the asset. The issue is that taxes is the primary lien.


Hope this helps

Keith Manson
First Weber Group
Certified Distressed Property Expert
Greenfield, Wisconsin 53228
... more
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Mark Palace, Real Estate Pro in Satellite Beach, FL
Sun Aug 12, 2007
Mark Palace answered:
Public and private real estate investors are cognizant of overbuilding of the 1980s and the subsequent effects upon the real estate industry in the early 1990s. Supply of real estate exceeded demand, causing vacancy rates to rise, rents to fall and cap rates to increase, ultimately leading to decreasing property values. Investors want to know where the real estate market is heading, which submarket is hot, which submarket is losing market share, and where new supply will show up over the next five years. Basically, investors want to know what the future risks to an investment are. Currenty, in Brevard County, FL, one finds an excess of supply and a shortage of demand. Hence, we remain in a buyer's market. This will continue until demand catches up with supply. ... more
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