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Foreclosure in Levittown : Real Estate Advice

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  • Local Info9
  • Home Buying30
  • Home Selling2
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Activity 9
Mon Dec 5, 2016
Chimpapewild asked:
s i m going for a loan remodicfication I have 60,000 in equity on the 210,000 home but my taxes are due by the 31st and the remod is in jan can i do
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Wed Aug 10, 2016
Scott Godzyk answered:
Why would you sign a 9 moth listing? Contact the managing broker and insist on a full release. If they refuse choices are a lawyer or asking the manager assign an agent who knows how to work with home sin foreclosure to bring about a quick sale. Not all agents do. One that does will have a good size list of cash buyers who would all come to the home and make their best offers. Open houses are a waste of time for a quick sale. ... more
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Mon Sep 14, 2015
thinz answered:
A payment plan of over $30K in 11 months is ridiculous. Are you in a positive equity situation with the home assuming the arrears are paid off? In other words, will the home be worth more than what you owe on your mortgage? If so, don't expect the bank to work easily with you...they like to take back homes with good equity. You need to speak with the loss mitigation folks at the lender and try as best you can to negotiate a discounted payoff of the $18,000...and with terms stretched out long enough to not make it a monthly strain on your budget. Getting an attorney to work on a loan mod "could" eat away a good portion of your $8K...and may or may not get you the results you want.
You need to understand how their fees are determined...
In general I've seen lenders hose homeowners with the loan mod application process because they just want the cash and will make a lot of verbal assurances that they will get you approved...and, they may put you in a forbearance plan to start paying off the debt before they formally put you in the loan mod program...If you really want to stay in the home, you (or someone on your behalf) should try to work it out directly with the bank...if you are possibly looking to move, you should not use any of that $8K toward the arrearages until you first decide what you want to do - list the house and try to sell, or give the deed back to the lender and move on...these are tough decisions but you need a plan to start moving forward.
Tom Hinz www.shortsaletosell.com
... more
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Fri Aug 8, 2014
Terry McCarley answered:
It will depend upon your lender. You should follow up by speaking with them on the telephone.
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Fri Aug 8, 2014
Terry McCarley answered:
Sun Jul 13, 2014
Matthew Perry Sr. answered:
(DIL) Deed in Lieu . Is it Normal for an Mortgage Co. To give a Home owner this option ?
0 votes 7 answers Share Flag
Wed Oct 13, 2010
Jim McCowan answered:
That's a great question. Unfortunately for everyone involved in s short sale or foreclosure, the abnk has no time limit, even if a buyer writes on in a contract. The banks will do what ever they want when ever they want!

The best scenario for a buyer is to have somene else's deal fall through where the bank has already approved. Many times the bank will approve a deal that is not name specific. I have a buyer who wrote on an approved short sale that had gone south and we had it wrapped up in 48 hours.
... more
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Tue Sep 28, 2010
Denise Mamie answered:
If you are looking for a Realtor I know the area very well - send me an email and we can start looking at the homes you like in both Highland Park or Plumbridge. FYI - The home in Highland Park is in the Neshaminy School District and the home is Plumbridge is in the Bristol Township School District. ... more
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Tue Mar 16, 2010
John Chaump answered:
Shiju,
In today's market, foreclosures are not the only bargains. If I were you, I would look at all the houses in your price range. I have shown Levittown homes that were in foreclosure and not in foreclosure. The foreclosures have taken the price of all the homes down. The amount of equity an owner has or doesn't have should not be a factor. There are lots of good and bad homes in both categories.
Are you looking for a bargain, a deal, an investment, or a place to live that meets you needs that is in your price range. an experienced agent who knows the neighborhoods can help you find a home that can satisfy all these requirements.
My advise to you is, "Hire a Pro." The great thing for you is it won't cost you to a cent to use a professional realtor to help you find a home.

John Chaump, Realtor and Levittown resident
John@JohnChaump.com
267-994-9810
... more
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