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Foreclosure in Burke : Real Estate Advice

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  • Local Info4
  • Home Buying12
  • Home Selling2
  • Market Conditions1

Activity 3
Fri Jan 22, 2016
Amelia Robinette answered:
Poongkon - this information isn't produced by Trulia, they're pulling it from the Fairfax County Clerk of the Court land records database.

Go to the source at the county and get the info corrected.

Trulia isn't a real estate agent or agency, it's an advertising website.
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Wed Jul 6, 2011
Are Andresen answered:
With a foreclosure I would suggest you retain your own title company. They should have an attorney on staff or retainer that would be able to advice you on what is typical and acceptable. By having someone looking out for you (in addition to your buyer agent) you can make sure the survey and title search is acceptable and that title insurance properly protects you.

The foreclosing banks title company regularly issues indemnity letters and title policy exceptions. The title company may try to convince you that those are "normal" or "industry practice" and threaten you with default if you don't proceed to closing (some exceptions may actually be "normal".) It usually doesn't help that the issues aren't discovered until last minute.

In Virginia you should be able to use your own title company for your part of the closing. In my opinion it is worth loosing the closing incentives in return for gaining a better understanding of what you are purchasing.

Using the sellers closing company for a foreclosure is sort of like the seller providing a home inspection and saying all is good and normal. Wouldn't you want to rather do your own inspection?

Are Andresen
Soldsense
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Thu Oct 9, 2008
Vicky Chrisner answered:
Probably talking about this -
1-888-995-HOPE A HUD-approved counselor affiliated with the non-profit Homeownership Preservation Foundation is available 24/7 to help you examine options. These counselors will help you understand opportunities that might be available to you to help save your home; and they’ll even talk to the bank on your behalf. NeighborWorks www.nw.org

This and more information is available under NEWS YOU CAN USE on my web site - scroll down to the April postings, I have lots of foreclosure prevention stuff there.
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