I can't answer this, but I was wondering the same thing. I still live in the house, and the two "owners" abandoned the house. Since the roof is leaking all into the house, down to the first floor, I stopped paying the mortgage. Anyway, I basically got scammed into moving into this house. I was made an offer from the owner that she would pay half the mortgage every month, and fix any major repairs that need to be done.
I had to pay the other half, and all the rest of the bills, and pay for/do all the smaller repairs.
Well, she lied. She left before I moved in. The other owner left like 10 months ago or something like that. So I haven't been paying their mortgage, and it's up for auction October 10th. I been looking for a new place all this time, and didn't find anything I liked enough to move out of this free house. But now it's going up, so from why I'm seeing is I should even still have time after the auction?
My main question is, if the house is already going up for auction in less than 2 months from now, does that first owners name still have anything to do with the property? She is telling her daughter that she is going to come and take my fridge and some other stuff this weekend. She's been out of this house for over 4 years, and abandoned all the stuff she left here, which is all pretty much JUNK.
Can I change the locks and board up the windows, and deny her access, and if need be call the police?
Because I know she thinks she can just do whatever she wants, but I don't know if she is aware that the house is going up for auction yet.
That does mean that the mortgage is dissolved right, and she has no rights to the house or anything in it?
The fridge in question, actually broke down a couple times and I repaired it myself, and paid for all new parts. That's my fridge, even her daughter says so. I mean I keep food and juice in there for her granddaughter.... more
It's the same..you're buying the home from the homeowner, not the bank. If they are trying to sell the home for less than what is owed, it's called a short sale. Short sales are usually far, far more trouble than they are worth.
Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.
The best way is to contact a local Real Estate Agent, they should be able to give you an estimate of closing costs. In order to get the most accurate estimate you should give them the purchase price, property address (for tax estimates) and approximate closing date (your agent can also help you determine the closing date if you are not sure).... more
No realtor out there has a magic stick when it comes to marketing, we're all backed by the company we represent, so if the company has a great marketing plan you'll get it too, we the realtors can get additional marketing beyond our company but the true is that we all use the same MLS system and most of the same websites, it all comes down to personal touch and honesty to your client (buyer/seller) when it comes to realtors availability to phone calls, emails etc in regards to their listings, the best customer service is usually found with the agent that gets the listing and manage it all the way, those out there getting listing and finding co-listing agents (usually new agents trying to get their name out there) its all they do get the listing and walk away to go get the next one, sellers don't realize how much they risk when their agent is not returning phone calls to other agents with buyers because they didn't want this from the beginning, look out there at the local mls and find those realtors that are the listing agent and the main point of contact (no co-listing etc) those are the ones that will provide you with the best service,... more
Sorry to disagree with some of you out there, I started in this business in 2009 when most others were walking away, our office used to have around 150 agents and by 2011 went down to about 73, no new agent left this business most of them were agents with long-time experience but unable to handle the new market, the market changed in 2009 and anything you new before this date is outdated, in today's market it only takes few transactions (not months or years) to have a great experience, you'll find out that many times the best customer service is with the new/mid agents, I was disappointed to deal with some old-timers that got stock in their bubble about all regulations and disagree with the new market, but you must update your self and recognize current market (even if you don't like it) in order to provide accurate/current information to buyers/sellers, as long as your agent is well motivated you'll get what you're looking for, and please agents out there help other agents when you can it will only help our market to the benefit of all (buyer/seller/agents/lenders), small or big files treat all with respect and the same level of great service,
Best luck to every one... more
This year I have several clients with similar situations, the best advice comes from a great loan officer, I referred my clients to a local Salem lender and they ware given a homework/advice to start their credit, but what I noticed is that they were able to get credit a retails store much easier than with a credit card company, in some cases it can take about 6 months but I have a couple them who started the process in late may and we're now under contract and should be given keys to their new home in the next week or two. let me know if we can help
thank you... more
I am an Oregon licensed real estate broker in Keizer. There are currently four double-wides for sale, they range in price from $14,000 to $40,000.
Please let me know if I can help you further.
It depends. Your best bet is to talk to a lawyer who deals with foreclosures. You may be able to find one willing to talk over the phone free, or the Oregon State Bar Assocation will refer you to a lawyer who will charge only $35 for a consultation: www.osbar.org.
I've dealt with foreclosed homes where the homeowner or a renter was still in the home more than 6 months after the auction. Other times, the bank is trying to do anything they can to get the occupant out fast (offering cash in exchange for the keys and a broom clean house).
Talk to a lawyer. He'll give you the best information.
Some banks are very lenient in allowing occupants to remain after the foreclosure sale. As Dan indicated, however, others will move quickly to take possession and re-key the property once they believe it has been vacated--even if personal property remains.
Assuming your question relates to a foreclosure auction, the best way to get a definite answer to your question is to talk to a lawyer who is knowledgeable in real estate foreclosures. You can get a consultation at low cost ($35) by contacting the Oregon State Bar Association's Lawyer Referral Service at 1-800-452-7636.
The LRS is also online at: www.osbar.org/public/ris/ris.html... more
That depends on the laws of your state. The best way to find out is to talk to a lawyer. If you're in Oregon, you can get a consultation with a lawyer about landlord-tenant law for only $35 by contacting the Lawyer Referral Service of the Oregon State Bar Association. Contact the LRS by phone at 1-800-452-7636, or use their online referral form at www.osbar.org/public/ris/lrsform.html.
I'm an investor. The main thing is to know what you can afford/finance (why look at stuff you cant afford). And then form in your mind what you REALLY can afford. Then what you want a house for, for how long and what amenities you MUST have (garage, deck and a really workable kitchen or bath etc. Once you get that all WRITTEN down then...
If you are buying you can do your own due dilligence by getting comps in the area. Easy start is google the address, find the zillow one and scroll to bottom and look for yellow houses. Those are sold in the last 3 years so only consider ones sold recently (late 2011 or 2012) as prices have dropped considerably. If you are thinking of selling (and not forced to sell), do the same and compare what you might get as something is only worth what someone will pay (I once made an open offer and 2 years later the owner sold it to me for what I offered! Have one in Salem, offer now almost a year old and they just called!) Banks do not know what they are worth and give to appraisers who do their best (about same as you can do!) Realtors are of little value if you are selling as they will say anything to get the listing... they collect when it sells with potentially no work required! IF you have a close friend, very close, they may be honest! I have a realtor whom I have trained to be completely forthright and honest or I'll walk. I trust him now after buying almost a million dollars in the last 16 months. He knows I'll walk as I did once. Not likely for an individual walking in the door!
You should be able to find out from a realtor a list of comps in the area.. force them to give you a list of solds as well as listed. The listed should have days on market which the longer it is the more flexable the price MAY be. They also might have previous sale history, if not in Salem area look at googled at the Redfin listing and scroll down to see the sales history. I have bough all of my properties at about 1996-1999 prices. That is only rough tho as some houses are waaay rough and some are beautiful.
It isnt magic and you can do a pretty good job if you work at it. Also there is nothing wrong if buying offering at a low price (not rediculously low or can offend and never get a deal), it may get a counter offer (you need to KNOW what you would pay for it). Maybe if lucky, they will counter less than what you want to pay! Yahoooo Dont pay more than you can afford though.
I think Salem area is near a bottom an has SOME good values (reason why I am on computer now) I live in Hawaii and have bout 3-4 of the properties I have bought sight unseen (not a good idea usually).
Goodluck and Aloha,... more
In order to best protect yourself and any other assets you may have, do consider consulting with an attorney who specializes in real estate before any foreclosure occurs--he/she can best advise as it relates to your specific situation.... more