Trulia Community - Advice from neighbors and local experts

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

Foreclosure in Brandon : Real Estate Advice

  • All172
  • Local Info28
  • Home Buying44
  • Home Selling2
  • Market Conditions3

Activity 14
Wed Apr 12, 2017
JB asked:
Basically we are renting from someone who won a HOA forecloser auction. I know they aren't the "Owners" so can they legally evict you from the propert
0 votes 0 Answers Share Flag
Sat Mar 8, 2014
Byron Hebert answered:
there is no listing linked to this question so there is no way to tell, do you have the address or MLS #?
0 votes 1 answer Share Flag
Sat Mar 8, 2014
Wilda Estrada asked:
Tue Oct 1, 2013
Alma Kee answered:
Try Dave Ramsey's Financial Peace University. The classes are offered at many churches and community centers.
0 votes 7 answers Share Flag
Tue Mar 19, 2013
Lisa Reeves answered:
It sounds like you still own the property in Florida at this time. If you want to make sure that you do not have a judgement action follow you or your credit, you may want to consider a short sale or deed in lieu with your lender. Make sure they do not have the option to pursue you at a later date on the paper work you sign. Make sure you have an attorney review all paperwork to protect you and any future assets. ... more
0 votes 3 answers Share Flag
Mon Jan 28, 2013
Alma Kee answered:
There is also the HomeStyle Mortgage (A Freddie Mac product) and Wells Fargo does these.

With HomeStyle you would have to put down at least 5%. With an FHA 203k fixer upper mortgage you would only have to put down 3.5% of the sale price.

Some lenders do not do the "renovation" mortgages so immediately tell your current lender you MUST find a lender than can do these types of loans.

You will need an extension and hopefully the asset manager for the bank will grant you the extension based on the bad roof inspection.

Hope this helps.

All the best,
Alma
Alma Rose Kee, PA
Future Home Realty
813.244.9898
... more
0 votes 5 answers Share Flag
Sat Jul 14, 2012
Kathleen Long answered:
I am happy to locate information and see about looking at the property. Call me at 813-470-0047.
0 votes 2 answers Share Flag
Thu Apr 5, 2012
Alma Kee answered:
A foreclosed bank REO is offered for sale on the Realtor MLS system. It's not possible to buy it directly from the bank unless you're buying a multimillion dollar portfolio of homes. If you have ALL CASH and are a risk taker you can learn the ropes at the courthouse foreclosure auctions. This is not for the risk averse because you will not have a chance to view the property or fully inspect and may have to remove the current owner or tenant after you receive your Certificate of Title. Also you will not get title insurance and may not get a clear title.

If you want to find truly available Bank REO bargains, your Realtor can set you up with a ListingBook account to search and get notified of new properties.

If you're not yet working with a Realtor, you're welcome to sign up for a ListingBook account on my website:

www.SoldOnTampa.com

All the best,
Alma
Alma Rose Kee PA
Future Home Realty
813.244.9898
... more
0 votes 7 answers Share Flag
Mon May 23, 2011
Alma Kee answered:
There are good reasons to buy right now:

--low interest rates
--cost to rent is increasing (owning is cheaper than renting in many areas)
--for an income producing rental property, your return on investment will be significantly higher than other investments and with additional tax benefits (depreciation expense)

If you would like to "browse like a Realtor", you're welcome to sign up for a free Listingbook account on my website: www.SoldOnTampa.com

All the best,
Alma
Alma Rose Kee, PA
Future Home Realty
813.244.9898
... more
0 votes 9 answers Share Flag
Mon Oct 18, 2010
Tammy Hayes answered:
First time home buyer tips
Are you a first time home buyer? Here are some helpful tips to get you started on the right path.

1. The first step before you do anything is to find out how much money you can borrow from a bank/mortgage company. Check with different lenders to see who can get you the best deal. Once you know what you can afford, then you can begin to plan.

2. Determine what you need in a home, not necessarily what you want in a home. Make a list of those needs to give to your Realtor. When you are searching for homes you will find that it is very rare to find a home that has absolutely everything you are looking for. If you stick to what you actually need, you will have better success in your search.

3. Research areas/communities that are of interest to you. Determine what things are important such as schools, proximity to shopping, restaurants, and local activities. Drive through the communities to get a feel for what they are like.

4. Learn as much as you can about the process of buying a home. Some local Realtors or lenders will offer first time home buying seminars. If you can find one in your local area it would be helpful to attend. If you cannot attend a seminar, look on the Internet for a home buyers guide such as the one at Bankrate.com - http://www.bankrate.com/brm/news/real-estate/BuyerGuide2004/fthb-blog.asp.

5. Select a local Realtor to help you begin your search for a home. You can search Internet sites such as Realtor.com or Homes.com, but a Realtor has access to all of the homes in the local MLS. They can provide you with information on the home, the area and answer any questions you may have. A Realtor can show you properties of interest.

6. Learn about the contract and what is involved. Your Realtor can take you through step by step the process of a contract. After it is signed by buyer and seller, it is called an executed contract. Then you would want to get a home inspection. If everything is fine with the inspection, then you can go forward towards closing.

7. Know what happens at closing. Again, a Realtor can walk you through what to expect at closing. You will need to have money for closing costs such as title search, processing fees, taxes, and insurance.

Buying your first home is an exciting and overwhelming experience. So make sure you are prepared.

Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL tammyhayesre@gmail.com
... more
0 votes 13 answers Share Flag
Wed Dec 16, 2009
Alma Kee answered:
Go to:

http://hillstax.org/taxapp/search_by_location.asp

input the address, it will give you the 2009 tax bill, it should be in the ballpark. If property values rise or fall between now and next year the "assessed" value will rise or fall. If the house has a $50k homestead exemption you will lose that deduction unless you occupy the property as your primary residence and also file for homestead exemption.

Hope this helps.

Alma Rose Kee, P.A.
Charles Rutenberg Realty, Inc.
813.244.9898
... more
0 votes 3 answers Share Flag
Sun Dec 13, 2009
Bobby Bills answered:
There are many homes in Hillsborough county in the $25k-$35k price range. As far as not needing more than $10,000 in renovations, that would be up to you in what you would like to fix/repair and what type of condition you'd like it to be in once you complete the renovation.

Rents will vary from area to area, the condition of the home, and how many bedrooms you have to offer. You get what you pay for, right? Any Realtor can help you find homes in that price range. I work with my company's REO department and many investors so I'm very familiar with homes in that price range. If you'd like more information or help, email me or call and I'd be glad to help get you started in building your portfolio.


Thanks,
Bobby Bills
Bobby.bills@floridamoves.com
813-531-3298
... more
0 votes 1 answer Share Flag
Wed Apr 8, 2009
Bill Eckler answered:
We would agree that consulting an attorney would be your best course of action. We would be happy to provide you with options.

Best regards,
The Eckler Team
1 vote 3 answers Share Flag
Wed Jan 7, 2009
Michael Ceparano answered:
Ben, you may be able to modify and you will almost always be able to short sell. Visit my site and click on the Loan Modification Tab, as well as the Short Sale Tab and Blog Tab, which has a blog post about short sales. Good Luck ... more
0 votes 3 answers Share Flag
Search Advice
Search
Foreclosure in Brandon Zip Codes

Followers

273