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Foreclosure in Memphis : Real Estate Advice

  • All678
  • Local Info61
  • Home Buying235
  • Home Selling36
  • Market Conditions24

Activity 30
Wed Oct 7, 2015
My NC Homes Team answered:
You can't but please consider filing a suit against Trulia and their parent company Zillow for falsely representing your home and causing you distress and possibly financial damages. These sites are not "in real estate" they intentionally deceive the public into beleiving they are when they are simply advertisers.
they vet none of the information they present.
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1 vote 1 answer Share Flag
Thu May 7, 2015
thinz answered:
Let's put it this way, sure - if you're paying cash for the property. If you need to qualify for a loan, that will depend on more information about your credit and employment...Tom Hinz ... more
0 votes 10 answers Share Flag
Thu May 7, 2015
thinz answered:
You may qualify for an exemption on paying some or all of the taxes, but need to have a CPA evaluate your situation and finances to determine if you qualify. The form to submit to the IRS is Form 982 when looking to get the exemption. Good luck. Tom Hinz ... more
0 votes 2 answers Share Flag
Mon Jun 17, 2013
Annette Lawrence answered:
Who is paying for those pictures?
Real the link and you will get an idean what is happening behind the curtains in the foreclosed real estate market.

It is unlikely you see the connection between Chase (and any big bank) and how this will effect the independant contractor. As the artical states, you will be EXTREMELY exposed to the 'too bid to care' attitude of the bank.

Proceed with great caution.
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0 votes 1 answer Share Flag
Mon May 13, 2013
Dustie Zvolanek answered:
I specialize in working with banks and HUD homes and right now most homes are being sold for more then the listed price. The most important thing with buying a foreclosure is to work with an experienced foreclosure Real Estate Agent. There are different procedures with each bank. Some banks will negotiate on repairs if they are required lender repairs or HUD for instance does the FHA appraisal in advance so you know what the home will qualify for. There is a FHA 203b with repair escrow that allows you to put money in an escrow account set up by the bank for required repairs HUD is not willing to do but this allows you to close and do the repairs after you own the home and this program is at the same low interest rate as a straight FHA loan. There are different variables in every case. If you have any questions on the foreclosure process please feel free to email me at ... more
0 votes 9 answers Share Flag
Mon May 13, 2013
Dustie Zvolanek answered:
I completely agree with Mr. Bellaire's comment, you for sure need an agent and in most cases the bank will require it. The most important thing in selecting an agent when buying a foreclosure is to get an experienced "foreclosure" agent. I work in an office that primarily works with HUD, REO and bank owned homes and one of the most common calls I get is from frustrated buyers who choose an agent who has no idea how to submit offers on REO or HUD properties so be wise in selecting an agent when buying a foreclosure! I would be happy to assist you and/or answer any questions you may have about the process. My email is

**By the way my office (Fast Track realty) listed 5961 Wedgewood, which was a HUD home, it sold in 11/1/2012 for $42,600***
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0 votes 4 answers Share Flag
Mon May 13, 2013
Dustie Zvolanek answered:
I work with an office that sells Foreclosures, REO, and HUD homes and we check the occupancy status of properties and take pictures. If you would like to email me your information I would be happy to pass it along. My email is ... more
0 votes 3 answers Share Flag
Wed Apr 24, 2013
Tom Cullen answered:
Thanks for the responses all.

0 votes 4 answers Share Flag
Wed Mar 20, 2013
Divinehoney5670 answered:
I am so glad you put this on here because i am in the same boat!!! we had 15 days which was fine for us BUT we have had to cancel our inspection TWICE because they haven't gotten the water on yet! they have now used 7 days of my 15 stalling and i don't know what to do! i feel like telling them to take their house and shove it! wondering if i should tell the listing agent now or never! it looks like the bank may get the appraisal before we get our inspection! ... more
1 vote 8 answers Share Flag
Wed Feb 8, 2012
James and Kenisha Martin answered:
Find a buyers agent that knows the process of buying a foreclosure in Memphis. A simple search on Trulia will due.
0 votes 1 answer Share Flag
Sun Nov 20, 2011
Don Tepper answered:
Too late for that. You should have done your research before starting the company.

And focus on what you want to accomplish. It's great that you want to do your part to save the earth. But if you've started a company, your focus should be on making that company successful. You do that by meeting (and exceeding) customer needs. You don't do that with a secondary agenda. ... more
0 votes 1 answer Share Flag
Tue May 24, 2011
Mike Linkenauger answered:
Though we never advise people to stop paying, if you want to get out from under your property, you may have to. Have to spoken to a Memphis short sale specialist yet? Check -
0 votes 8 answers Share Flag
Wed May 18, 2011
Stephen Anderson answered:
Stephen Anderson
Keller Williams Realty

Call or email me anytime!
0 votes 2 answers Share Flag
Thu Jan 27, 2011
Cassandra Black, Consultant answered:
Hi Tanneice,

There's a plethora of FREE industry info on this Foreclosure Cleanup Industry Blog (see link below) that can guide you on getting established cleaning foreclosures and doing foreclosure lawn work in Memphis.

Many wishes of success with your business.

Cassandra Black, Consultant & CEO, Foreclosure Cleanup, LLC
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0 votes 7 answers Share Flag
Tue Dec 7, 2010
Sue Ruby answered:
Have a crew of 3 - 5 people whom I can schedule for these projects. All I need is the address and be able to enter. Each house will be different so there is no set price.
0 votes 2 answers Share Flag
Sun Sep 5, 2010
Keith Manson- Metro Milwaukee Wisconsin answered:
There is more information needed to respond to your question. It depends on the type of bankruptcy filed and if the bankruptcy was discharged or not. I am assuming that if you second wants to foreclose there most be some equity after the first is paid off.

So in short, yes a bank can foreclose if you filed bankrutpcy!

Keith Manson
First Weber Group
Certified Distressed PRoperty Expert
Metro Milwaukee
... more
0 votes 3 answers Share Flag
Wed Mar 31, 2010
Jeff Price answered:
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