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Foreclosure in Apollo Beach : Real Estate Advice

  • All73
  • Local Info7
  • Home Buying24
  • Home Selling0
  • Market Conditions3

Activity 5
Alma Kee, Real Estate Pro in Tampa, FL
Mon Apr 16, 2012
Alma Kee answered:
Looks like Deutsche Bank is the trustee for the investment pool that owns the mortgage on this property.

It shows Deutsche Bank filed a preliminary foreclosure back in Oct. 2008 but the lawsuit was filed by the well known fraudulent robosigning law firm of David J. Stern.

So at this point if you're looking at a RealtyTrac pre-foreclosure listing then it may be as long as two years before the lender may actually foreclose and take ownership.

In the meantime the Sellers may get a loan modification and keep the property or do a pre-foreclosure, short sale. If the Sellers decides to do a short sale, they must hire a Realtor to list it on the MLS and their Realtor will supply the listing details etc to the "servicer" for Deutsche Bank. Then the servicer will hire do at least one appraisal to determine the current "as is" market value. If the offer received is in a reasonable range of full market value it the "as is" condition and the seller has a genuine hardship they may allow a Short Sale. Right now the property appraiser's value (normally runs about 80% of current market value) is $130k so it's unlikely you could below it below that amount--unless there are serious defects.

If you're not yet working with a Realtor and want to see properties that are actually available for you to buy, you're welcome to sign up for a free ListingBook account on my website:

It can alert you of genuine bargains, post foreclosure, bank owned listings. You need to make your offer the first day on most REOs or you may miss out.

Hope this helps.

All the best,
Alma Rose Kee, PA
Future Home Realty

So while you're waiting to see if thie one
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Vickie Bruni, Real Estate Pro in Sun City Center, FL
Sat May 1, 2010
Vickie Bruni answered:
I could not find 7602 Clair Wood Ct. but I did find 7603 Clair Wood Ct. That property is undercontract.
0 votes 2 answers Share Flag
Andy  Tolbert, Real Estate Pro in Longwood, FL
Mon Jan 25, 2010
Andy Tolbert answered:
Just a correction, 203b is a regular FHA loan, 203k is the rehab loan!
0 votes 9 answers Share Flag
 Ed, Real Estate Pro in Lutz, FL
Thu Jul 9, 2009
Ed answered:
Thanks Fred

I understand the 10 day writ of possessionafter 30 +-years in the business but have never been refused access to my own property for inspection purposes by the Sheriff until today. My question concerned do I have the right under Florida Law to protect my purchase immediately after the sale when I receive a Certificate of Sale, upon paying for house. This is not about the 10 days to vacate or writ of possession which I understand perfectly.

Any attorney know any case history about protecting your property immediately after the foreclosure sale? My attorney thinks they should have let me in to inspect and take pictures but the sheriff said I couldn't and refused to make a report or record our conversation. I think my property rights have been violated and would like to know what recourse I have and that doesn't include sueing anyone. Nobody was denying the old owners their right to get personal possessions butthey shouldn't have the right to destroy and steal any real property attached to the house either.
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Michael Cepa…, Real Estate Pro in Tampa, FL
Sun Jun 15, 2008
Michael Ceparano answered:
The 203 k would be they way to go. Talk to your current lender or shoot me an email and I will give you a couple names of local lenders that will handle these programs. This program is set up for your current situation. ... more
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