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Foreclosure in 43207 : Real Estate Advice

  • All17
  • Local Info1
  • Home Buying10
  • Home Selling1
  • Market Conditions0

Activity 5
Thu Jun 11, 2015
Drew Huber answered:
I am not sure what you mean by "stopped the foreclosure". She should contact her lender and ask them how they are dealing with the issue and see if they will compromise in some way that allows her to stay in the home and make payments. If not, she will not be able to purchase a new home for sometime due to the credit report delenquency and the 2 - 4 yr wait that will start after the foreclosure and once the home is sold. ... more
1 vote 1 answer Share Flag
Thu May 16, 2013
James Gordon ABR SFR SRS answered:
It could fall through. Is your father in law on the contract? The proof of funds needs to match one of the principals to the contract. There is a way to get a little over 40,000 into your account from his without triggering gift tax. Please before this transaction goes further talk to an accountant about your plan. ... more
0 votes 4 answers Share Flag
Tue May 7, 2013
James Deskins answered:
There are never, never, ever back-tax sales in Columbus, Ohio. O.k., let's just say hardly ever.
0 votes 6 answers Share Flag
Thu Feb 28, 2013
James Gordon ABR SFR SRS answered:
I run into this all the time. The bankruptcy clears the note but not the mortgage. The person that declared bankruptcy is still reposible for the property. Try to find them to do a short sale. ... more
0 votes 3 answers Share Flag
Tue May 31, 2011
Molly Hay - Mosley, CDPE,CNE, MIP, SFR answered:
It depends..
Definition:
The statute of limitations on debt in Ohio limits the time you can be sued for a debt.

Oral Contract: 6 years

Written Contract: 15 years

Promissory Note: 15 years

Open-Ended Accounts: 6 years
... more
0 votes 2 answers Share Flag
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