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55055 : Real Estate Advice

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  • Home Buying4
  • Home Selling0
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Activity 4
Wed Oct 1, 2014
Christopher Block answered:
To me the hard way is monitoring the tax side. If you are on a Realtor search the property can just be saved in your portal, and when it eventually sells (and the listing agent updates it) you will see what the sales price was. That is what most of my buyers do, or if they ask I watch it and then email them the results.

Let me know if you would like some help!

~Christopher Block
651-307-7663
chrisblock@thebridgerealty.com
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Mon Jun 17, 2013
Kim Eisen answered:
Oh . . . did you have an inspection? I know sometimes when they say 'updated electrical' it only means the box and not the wiring inside the walls. Check the paperwork, call your agent/attorney to see if there's anything there to go on.

If you like this answer or if it was useful to you, a quick click on the green 'thumbs up' would be appreciated.

Kim Eisen
"Helping People Make Smart Real Estate Decisions since 1980"
(651) 457-HOME (4663)

www.QuickHomesSearch.com
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Mon Jun 17, 2013
Kim Eisen answered:
Take very specific notes and pictures. Get an electrical contractor out to verify, either way, what your questions is about the electrical. Check your purchase agreement to see if you agreed to Arbitration. If so, you'll need to go thru that. Check with your agent/attorney to see exactly what was spelled out in the agreement and what your options are. With information in hand, I would start with a call to the seller/sellers agent to try to resolve 1st. Good luck to you.

"Nothing is so simple that two attorney's couldn't argue about it" ; )

If you like this answer or if it was useful to you, a quick click on the green 'thumbs up' would be appreciated.

Kim Eisen
"Helping People Make Smart Real Estate Decisions since 1980"
(651) 457-HOME (4663)

www.QuickHomesSearch.com
... more
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Sun Feb 12, 2012
Gena Bolton answered:
Hi Carman,

This question is loaded indeed, working in right of redemption states and states having different redemption periods even has caused FNMA issues of these homes. People do have the right to redeem during these periods and does happen ( a very small amount but none the less it does happen )

In out part of the world it does not preclude selling to pay current debt. But time would be an issue as I believe most around 90 -120 periods, and to list, sell and close ?

I would ask the legal dept of your board of realtors before I took on such a listing.

My thoughts, for this to make sense there would have to be a lot of equity ?.... that it has been foreclosed though the courts ----- the redemption price by paying all the fees would eat up a lot of equity. Here in Florida the cost of court foreclosures can exceed 50k.

Carman I'm fishing a little bit here and thinking downstream, if the homeowner is trying not have a foreclosure on their credit record and believe that redeeming the home cures this....Lenders treat the NOD ( notice of default ) today as a foreclosure.

I hope this works out for you and i would talk to my local board...

Have a successful and blessed week
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