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Foreclosure in Dolton : Real Estate Advice

  • All42
  • Local Info1
  • Home Buying9
  • Home Selling0
  • Market Conditions0

Activity 8
Fri Feb 18, 2011
Dallas Texas answered:
You need confer with lender and insurance company.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
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Tue Sep 22, 2009
Wayne Beals answered:

I would not pay rent to anyone who cannot show they are an agent of the owner or that they are the legal title holder.

Robert is perhaps correct. May be best to move.

If the home is in Dolton, they likely will cut off water service if the owner's not paying the bill. Check with the village to get a status.

The bank will move in geologic time, and eventually an asset manager from the bank or their trustee will contact you to come up with a solution for possession.

If you're interested, you may be able to buy the home in the judicial sale, but that can take a while and you'll have to stay engaged with tracking the court status of the property.

Not a bad time to buy though....doesn't have to be this house and you may find that you can buy a much better home and not see an increase in your monthly expenses.

I doubt that anyone's going to bring you to an eviction proceeding if the landlord has abandoned the property and is going into foreclosure. The bank may do so eventually, but that's another story. Usually the trustee will get a case manager involved.

I attached an interesting article with a bunch of funny, but pathetic, stories regarding eviction, rentals, and a few scams out there. It's possible the guy claiming to be the new landlord is just running a fairly simple scam.

Any which way you cut it, trouble seems to be on the horizon. I'd check in with the village to find out if there's any local ordinances or resources that may apply to your situation.

Best of luck.
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Thu Oct 25, 2007
Mary Rucker answered:
Hi, my husband and I grew up in Las Vegas so we are VERY familiar with the Las Vegas Valley. I graduated at Clark high school and he at Basic High school in Henderson. He is a home appraiser and a loan officer. I am also a loan officer. If you are looking to buy a home in Las Vegas, you need to be prequalified or just want to talk about our cool city. Please drop me a line. I can get you in touch with a Cracker Jack realtor. If you are interested in art take a look at my site at I have been really busy with the loan business but I would be glad to talk to you about art,kintting,crochet,kids,religion,Las Vegas, gardening, and whatever.

Mary Rucker

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Wed Oct 24, 2007
Eric Egeland answered:
Contact your lender & find out what your options asap.

If you have equity in the home, put it on the market priced to sell & avoid foreclosure at all costs.
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Tue Oct 9, 2007
Denise Stuart answered:
I would absolutely get the home on the market, after 6 years you should be able to sell and maybe even pay off your bills. And this will help you to keep your credit to get into something else. My brother had a hard time getting a good rental after filing.
Find a Realtor in your area that really knows your home, so they will get the home sold quickly.Good Luck
Hope this helps.
Denise Stuart
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Tue Oct 9, 2007
Pam Winterbauer answered:
The borrower gives back the property to the lender rather than go through with a foreclosure process. Yes, I believe it does show up on your credit report.
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Mon Oct 8, 2007
Greg Zaccagni answered:
How you pay your mortgage after filing bankrupcy will have alot to do with your ability to obtain a new mortgage. Here is a link to an article I wrote on this subject. I hope it is helpful to you. ... more
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