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Foreclosure in Hennepin County : Real Estate Advice

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  • Home Buying7
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Activity 112
Fri Sep 1, 2017
Andrey Sokurec answered:
Receiving a property foreclosure notice is one of those situations that no one of us wants to face. But, there comes a very hard time in the lives of many peoples when they need to face this painfull situation. But still there are many options to sell your house before foreclosure.


However, in such a stressful situation, many homeowners find it hard to sell their house fast. Below are few steps that will help you sell your house before you face foreclosure.

1) Contact a real estate lawyer:

The first thing that you need to do for selling your house is contacting an experienced real estate lawyer.

2) Enhance your house’s looks

Next thing is enhancing your house’s looks to make it highly attractive to the viewers. As it would be hard to renovate it in such conditions, what you can do is de-cluttering it and getting it cleaned thoroughly.

3) Find an experienced real estate agent

Being well aware by the market trends and rules, an agent will help you find a buyer for your house fast. But, make sure that you find such an agent who would understand the urgency of the situation and will make every possible effort to find a buyer.

4) Use all the marketing tools

In order to attract the best offer, you must ensure that the ad reaches out all the potential buyers.

5) Contact the quick buyers

You must have seen the companies who are ready to buy your house fast for cash. It will be the best option if you are short on time. Find we buy houses company that is able to give you immediate cash.

If you still face any difficulties, let me know We at Homestead Road will buy your house in any condition.
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Tue Aug 29, 2017
Brucecrlsn asked:
Sun Aug 27, 2017
Supermom8023 asked:
Seterus had an open case for assistance from me in early May, and postponed the May 9th sale. I got a new request for more paperwork from them on July 5th, but it was dated June 22nd. It…
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Tue Jul 25, 2017
Foinmbamty asked:
Tue Mar 14, 2017
Diana Perez answered:
I am a real estate agent. And this question depense in alot of factors like employment history/ income and credit. There are programs what can provide help, but I don' know your personal situation ... more
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Wed Feb 8, 2017
Nik Gamble asked:
Tue Feb 7, 2017
Travis asked:
Tue Oct 11, 2016
Checkkeshaout asked:
I'm in the process of bbuying a bank owned property. We had a closing date of Aug. 29th which has come and gone - the title company is working on getting the deed signed so that the…
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Sun Oct 9, 2016
Jeff Nobleza answered:
Generally speaking, if the mortgage is in first lien position and they foreclose on the home then other liens (except tax or government liens) are wiped out.
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Thu Aug 11, 2016
Krystal asked:
I am wondering if anyone has or knows anyone that has been in my situation. I am trying to sale my home which will now be a short sale, I'm so upside and don't have the money to…
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Sun Jul 24, 2016
Leon Murrell asked:
Would I need to be only a lot or need to have a business license as well??
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Sun May 22, 2016
Eastsideskur88 asked:
Long story short, I purchased my first home last fall with FHA backed loan. Place started falling to pieces shortly after. HVAC system, electrical issues, and HIDDEN mold/water damage undisclosed…
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Sun Apr 24, 2016
Linda Mulert asked:
Thu Dec 31, 2015
Elizabeth Sibet answered:
Hi Abi,

This is because of Trulia's choice (similar to almost all non-MLS listing sites) to provide more market data to it's consumers, whether useful or not, is up to us!

Trulia will list homes as 'pre-foreclosures' or 'foreclosed' long before they are available for sale by the lender who has most often been the winning bidder at the Sheriff's Sale, because this information is public and they are compiling it for us. This information is used by Trulia to drum up interest in homes like the one you have posted the address to, as a foreclosed home, but the lender has yet to determine or process if/when the property will be brought to market to recoup any losses.

It is true that anyone may bid on a mortgage at a Sheriff's Sale, but at least around here it is uncommon for anyone beside the lending institution to bid on these properties, mainly due to redemption risk.

Larger lenders may have contracts with specific liquidators also referred to as asset managers to bring these homes to market via auction website.
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