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Foreclosure in Indianapolis : Real Estate Advice

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  • Home Buying354
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Activity 39
Thu Oct 27, 2016
Adrienne Zonts asked:
Mon Jul 18, 2016
Dmorris123 asked:
Wed Jun 22, 2016
Robert D. Baugh Ii asked:
within it Could you show me some Properties that have a "Rent to or Lease to Own" option Please for the V.O.A. program I'm in has a SSVF program within it that will help pay…
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Fri Mar 4, 2016
Chancellor.stovall asked:
Mon Oct 19, 2015
M.landis asked:
Sat Aug 30, 2014
aklein91 answered:
Schott Services LLC. They are professional, affordable, and efficient. They can clear out any left over junk and even do light demolition work. Check out SchottServices.com.
0 votes 3 answers Share Flag
Mon Jan 13, 2014
Itamar Cohen answered:
If you have a lease you can stay until the end of your lease. If you are on a Month to month you can leave at the end of the lease month
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Thu Sep 19, 2013
Michaels464 answered:
I'm on the deed and on the mortgage but NOT on the note - I don't live there my brother and his family do. I let my brother use my half of the house as collateral, he was in a bad auto accident, the person who hit him had no insurance, he is permanently disabled - lost his job, destroyed his credit and the house was foreclosed. I have great credit and I am trying to buy his house back or another one BUT I am finding out the mortgage foreclosure is affecting my ability to get a loan - I was never informed of this - will this haunt me? Can I still get a mortgage even thou I wasn't on the note? ... more
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Sat Sep 14, 2013
C Moore answered:
Hi Larksweets,
I would suggest that you research the Protecting Tenants at Foreclosure Act of 2009 which establishes national standards to provide renters sufficient notice when foreclosure happens. I would also suggest that you call the Mayor's Action Center at 317-327-4622 to get a phone number to the attorney's office that provides free information and advice on these issues. ... more
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Mon Aug 19, 2013
Peter Knight answered:
Rios,

Were you buying the house on contract? Have you been making payments to the sellers? If that is the case, take a look at your contract; there may be something about what to do if the sellers default on their mortgage. Frequently, the buyer (you) can make payments directly to the bank.

I suggest you consult a Texas real estate attorney. He/she may be able to negotiate with the bank to protect your interest/equity position.

Peter Knight
peterknight@frontier.com
(317) 529-4178
... more
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Thu Apr 18, 2013
c_gazdziak answered:
I see this is an old question. If you did not reaffirm the loan and the mortgage was discharged< can't you simply just give up the property? Why would you have to worry about the remaining balance on the mortgage if it was discharged in the bankruptcy? Thanks!! ... more
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Mon Aug 6, 2012
Marita Topmiller answered:
Hi Connie,

I agree with Debra.

The short n sweet ... save your money/phone an agent.

Marita
0 votes 3 answers Share Flag
Tue Jun 12, 2012
Suzanne MacDowell answered:
The banks are just overwhelmed with all the foreclosure activity and, for reasons that escape most of us, they don't seem to be in any hurry to foreclose on these homes and get the bad assets off their books. I don't know if there is anything that can be done to help you. This is the second time I've heard this same story here on Trulia and it's a shame. I just don't know what can be done. You could try talking to an attorney. Otherwise you will have to wait another two years (three years from the date the home was foreclosed on) to buy another home. I am so sorry this happened to you, I really do wish there was something that could be done to help. ... more
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Thu May 24, 2012
Dwayne Kendall answered:
According to RealtyTrac (I am a member) not in forclosure at this time.
Let me know if I can assist further.
Dwayne Kendall
REMAX Ability Plus
CDPE, CIAS
317-607-9552
0 votes 2 answers Share Flag
Thu May 24, 2012
Mallorie Wilson answered:
Good Afternoon Lashonda. If you have an address for this property, I would be able to pull this up on our local Multiple Listing Service to see if this home is currently available for sale, if so, for how much. If this property was recently purchased, that information would be available as well. if neither of this options establish the current status of this property, you could look into obtaining a marion county auction list for the up and coming auction (6/20/2012) to establish if this home is set to go at auction. I look forward to hearing back from you.

Thanks.

Mallorie Wilson
Associate Broker
Century 21 Diversified
malloriewilson.com
317-590-3434 direct
317-585-7748 office
317-845-7726 fax
... more
0 votes 8 answers Share Flag
Sat Apr 30, 2011
Tamara Schuster answered:
Check out who the listing agents are in your area who are listing a lot of REO's and market to them. They need to get a few quotes and once yourin generally use the same people a lot. Marketing your self with direct personal letters to the agents will help a lot. Always follow up also. Good luck to you. ... more
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Sun Apr 17, 2011
Jackie Lovell answered:
Peanut,
I think Michael Weaver below is right. You should never have to sign up, register or pay to obtain information ..EXCEPT! If you thought a home was just foreclosed on and wanted to find out you can check to see if it was listed in the Sheriff sale. (Note Sheriff sale is not consumer friendly if you need to finance to buy.. only Cash sales there.) The Sheriff sale of a property is what the bank initiates to try and recop what is owed to sell the home at the actual sheriff sale (Auction) but if it does not sell then the bank receives the property deeded back to them with a Sheriff Deed. That is when the bank actually owns the property again to sell it. In Marion County the sheriff sale lists cost $4.00 for a brief description list and $14.00 for a full info list. The sales are once a month. (any Where from 300-700 properties for sale each month) Once the bank receives the home back they list it with a Realtor. www.civicnet.net for Marion County listings. Hancock County does NOT charge for their listings, www.hancockingov.org/sheriff ..try these and see if you find the property. Good luck. Sometimes just google a simple version of the address and you would be surprised what shows up. ... more
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