Trulia Community - Advice from neighbors and local experts

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

Home Buying in 34286 : Real Estate Advice

  • All20
  • Local Info2
  • Home Buying8
  • Home Selling3
  • Market Conditions0

Activity 8
Wed Jul 12, 2017
FHA MORTGAGE LENDERS- Min 3.5% down payment minimum 580 fico or 10% down with a 550 fico. Seller paid closing cost up to 6%. Gift from family OK! Florida FHA mortgage lenders have the ability to approve you to purchase a home 3 years after a foreclosure, 2 years after a chapter 7 bankruptcy and 1 year after a chapter 13 bankruptcy. Please Note- The 3 year waiting period after a foreclosure starts when the title/deed is transferred out of your name. ... more
0 votes 7 answers Share Flag
Wed Nov 19, 2014
Randy and Vicki Biehl answered:
For an accurate estimate on a homes value you 1st need to identify the property that you're interested in. Only after you've done that can a realistic CMA be done, there are just to many variables with out having a subject property, just and area, age and size of a home is not enough to get you a good value. ... more
0 votes 3 answers Share Flag
Tue Jun 10, 2014
Randy and Vicki Biehl answered:
Fri May 4, 2012
Alma Kee answered:
If you go to your County Clerk's website you may be able to pull up the upcoming foreclosure sales at the courthouse. Also you may be able to find upcoming Tax Deed sales. Some County Clerk websites offer easy to find info and even have online bidding so you don't have to trapse down to the courthouse to bid in person.

You will have to pay ALL CASH for 100% of your bid within hours. You also will NOT get a clear title with title insurance and you cannot inspect and cancel if you discover significant defects. This is not for the risk averse and those not willing to pay upfront for title searches and also do a lot of homework before bidding. Some liens will survive the foreclosure and be sure to do your due diligence if buying a Condo. I've heard horror stories of condo associations being able to collect huge sums of money "post" foreclosure. You may want to consult an attorney before bidding on a condo.

Also HOAs and Condos are foreclosing their lien but the mortgage(s) will survive and not get wiped out at foreclosure.

Do your homework and you may capture a bargain. If you don't have ALL CASH then this is not an option for you.

Otherwise, find a local Realtor to get you in to bank owned listings the first day on the market and submit your offer the first day!

Good luck!

All the best,
Alma Kee
... more
0 votes 6 answers Share Flag
Mon Apr 18, 2011
Tammy Hayes answered:
There are a lot of short sales and foreclosure properties in North Port that are not in such great condition, but you can get good deals on homes. The outside of the property is generally taken care of because the City of North Port will give a fine to anyone not mowing their lawn. Bank owned homes have someone take care of the exterior of the property. North Port is mixed with some older but many newer homes.

I have sold many homes in North Port that have turned out to be wonderful homes for the buyers. I have people that live here year round with children as well as snow birds. It is best to drive around the neighborhoods to see which areas are most appealing to you.

Check out the City of North Port web site if you would like more information on the city itself.
... more
0 votes 5 answers Share Flag
Sat Oct 11, 2008
Mott Marvin Kornicki answered:
I really don't know! The exact amount of time depends on several factors.

• Backlog of the court
• Motivation of the pre-vailing party, usually the plaintiff
• Lender's policy
• Weather conditions
• ?
Get packed and move on!!!
I have seen the eviction proceedure happen withing 5 days. From what I read at the link below, it is quite clear that a minimum of 30+ days that you could possibly stay.

Mott Marvin Kornicki, Broker/Associate
Sunny Isles Beach, Florida
Real Estate Professional in Miami
... more
0 votes 1 answer Share Flag
Fri Oct 10, 2008
Dallas Texas answered:
Contact an attorney therefore no statements made would be to your disadvantage sorry to hear about your situation.
0 votes 1 answer Share Flag
Fri Oct 3, 2008
Shannon Moore - The Moore Team answered:
We have seen it take up to a year but it really depends on many factors. Have you tried calling the bank to negoiate your payments or terms? Have you talked to anyone about the possibility of doing a short sale? There are many options out there and we would be glad to discuss some of your options if you would like to give us a call.

We live and work in North Port.

Roxanne Moore, Realtor
Re/Max Anchor Realty
North Port, FL
... more
0 votes 8 answers Share Flag
Search Advice