Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Foreclosure in North Port : Real Estate Advice

  • All397
  • Local Info36
  • Home Buying134
  • Home Selling7
  • Market Conditions27

Activity 20
Ken Barrett, Home Buyer in Venice, FL
Sat Feb 20, 2016
Ken Barrett asked:
email is MY HOME IS NOT IN FORECLOSEURE
I got mail at Kenwood concerning my property at LOS RIOS NOT 5798 KENWOOD DR NP 34287
PLEASE CORRECT OR I WILL SUE !!!!!!!!
my email is kbarrett12@yahoo.com
0 votes 0 Answers Share Flag
Ken Barrett, Home Buyer in Venice, FL
Sat Feb 20, 2016
Ken Barrett asked:
email is MY HOME IS NOT IN FORECLOSEURE
I got mail at Kenwood concerning my property at LOS RIOS NOT 5798 KENWOOD DR NP 34287
PLEASE CORRECT OR I WILL SUE !!!!!!!!
my email is kbarrett12@yahoo.com
0 votes 0 Answers Share Flag
Tammy Hayes, Real Estate Pro in Port Charlotte, FL
Thu May 29, 2014
Tammy Hayes answered:
Yes Holiday Park is a 55+ community. Many of the mobile home parks in North Port are 55+. You can search my web site for homes at: http://www.tammyhayes.remaxagent.com/. If you could provide your price range, I can send you some listings to review. If you want to look at lot rent mobile home parks you can go to www.mhvillage.com.

Tammy Hayes, Realtor
Re/Max Palm Realty
tammyhayesre@gmail.com
941-276-6185
... more
0 votes 2 answers Share Flag
Terry McCarl…, Real Estate Pro in Cape Coral, FL
Mon Jul 29, 2013
Terry McCarley answered:
Jeff gave you good advice - it depends on where you are at in the foreclosure process. A short sale is a much better option if it is not too late. I specialize in short sales and will be more than happy to explain the process to you if you are not familiar with it. You can email me at leecountyrealtor@earthlink.net or give me a call at 239-707-4575 ... more
0 votes 5 answers Share Flag
Adele Millan, Real Estate Pro in Punta Gorda, FL
Thu Nov 1, 2012
Adele Millan answered:
Dear Judith,

I'll be happy to send you a Foreclosure list and a Short Sale list of properties in North Port close to Warm Mineral Springs. Please contact me by phone or e-mail.

Best regards.

Adele Millan
RE/MAX Anchor Realty
Cell: 941-815-4075
E-mail: adelemillan@gmail.com
... more
0 votes 4 answers Share Flag
Alma Kee, Real Estate Pro in Tampa, FL
Fri May 4, 2012
Alma Kee answered:
If you go to your County Clerk's website you may be able to pull up the upcoming foreclosure sales at the courthouse. Also you may be able to find upcoming Tax Deed sales. Some County Clerk websites offer easy to find info and even have online bidding so you don't have to trapse down to the courthouse to bid in person.

You will have to pay ALL CASH for 100% of your bid within hours. You also will NOT get a clear title with title insurance and you cannot inspect and cancel if you discover significant defects. This is not for the risk averse and those not willing to pay upfront for title searches and also do a lot of homework before bidding. Some liens will survive the foreclosure and be sure to do your due diligence if buying a Condo. I've heard horror stories of condo associations being able to collect huge sums of money "post" foreclosure. You may want to consult an attorney before bidding on a condo.

Also HOAs and Condos are foreclosing their lien but the mortgage(s) will survive and not get wiped out at foreclosure.

Do your homework and you may capture a bargain. If you don't have ALL CASH then this is not an option for you.

Otherwise, find a local Realtor to get you in to bank owned listings the first day on the market and submit your offer the first day!

Good luck!

All the best,
Alma Kee
www.SoldOnTampa.com
... more
0 votes 6 answers Share Flag
Alma Kee, Real Estate Pro in Tampa, FL
Fri May 4, 2012
Alma Kee answered:
Also with the settlement on the Robosigning Fraud committed by lenders, lenders are being allowed to use the penalty money to reduce principal on mortgages. Of course, the lenders get to pick and choose who will get this "gift" so the underlying investor that actually owns your mortgage must be one of the offending lenders, i.e. BofA, Wells, Chase, Citibank...

So call your "servicer" (the bank or company that you used to make your mortgage payment to) and ask them who the actual investor is for your first and 2nd mortgage (if any). If you're lucky it will not be Fannie Mae or an investment pool of collateralized mortgage obligations, i.e. Deutschebank as Trustee for Pool # etc...

Lastly if you cannot get a principal reduction then you may also want to see if you can do a Deed for Lease and stay in your home and pay below market rents. Rental rates are high nowadays so this may be your best option.

Hope this helps.

All the best,
Alma Kee
www.SoldOnTampa.com
... more
0 votes 15 answers Share Flag
Alma Kee, Real Estate Pro in Tampa, FL
Tue Feb 28, 2012
Alma Kee answered:
Hi John,

You might want to try the Principal Reduction Alternative if you have a job that would allow you to make a payment based on the current market value.

www.MakingHomeAffordable.com

Also it may be soon that foreclosures will be expedited and happen rapidly. There are changes being proposed in Florida and with the new REO Initiative the investors that are buying these packaged up foreclosed homes (with the requirement to rent them out for 3 years) stand to make a lot of money so they will surely be lobbying our Florida leaders change our laws to expedite foreclosures.

Also I'm seeing Deed In Lieu of Foreclosures being offered that will also give the borrower $3k so you may want to consider that.

All the best,
Alma Kee
www.SoldOnTampa.com
... more
0 votes 5 answers Share Flag
Bill Eckler, Real Estate Pro in Venice, FL
Mon Nov 28, 2011
Bill Eckler answered:
John,

Alma is on the mark with her response.....additionally, there are numerous existing foreclosures in North Port that are probably very similar to the home in question. We find that many of the foreclosed homes in the area are 3/2/2, 2002-2008 construction, septic & well homes in the price range of $60,000- $90,000.

If you have been "on the fence" waiting for the right time to buy in this area, it is important to note that distressed home availability is beginning to decrease in this area and the "cherry picking days" may be behind us.

Waiting any longer may cost you more money and limit your choices greatly.

Good luck,

Bill

Michael Saunders & Company
941-408-5363
... more
1 vote 2 answers Share Flag
John Giaccone, Real Estate Pro in Cape Coral, FL
Sun Jul 31, 2011
John Giaccone answered:
Like many other responses you need to contact a real estate attorney asap to find out where you stand with BOA
John
0 votes 6 answers Share Flag
Veronica, Other/Just Looking in 34233
Thu Dec 9, 2010
Veronica answered:
Missed the Train? This couldn't be further from the truth regarding North Port. You can't give these properties away. I've lived in Sarasota for 15 years and North Port has always had an abundance of homes at reasonable prices. ... more
0 votes 13 answers Share Flag
Tammy Hayes, Real Estate Pro in Port Charlotte, FL
Mon Oct 18, 2010
Tammy Hayes answered:
See the Florida Landlord and Tenant Laws


http://www.800helpfla.com/landlord_text.html


Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL tammyhayesre@gmail.com
0 votes 15 answers Share Flag
Terri Anders…,  in North Port, FL
Wed Mar 4, 2009
Terri Anderson answered:
I also work closely with a builder and consistantly, the pool company and person that we always use is Bob Dorell & Casa Pools in Port Charlotte
0 votes 5 answers Share Flag
Nancy Doyle, Real Estate Pro in Cape Coral, FL
Tue Jan 20, 2009
Nancy Doyle answered:
Hi Michael,
I am so sorry to hear this. Contact the clerk of court that Roxanne and Shannon provided below, they will have the docket on when it will be foreclosed on. Roxanne and Shannon our correct with you getting a 3 day notice to vacate, so I would start to find a new place asap. We do not have a redemption period after a forclosure in the state of Florida, once the house is forclosed on it is done.
I wish you the best,
Nancy

Nancy Doyle
www.nancydrealtor.net
239-209-2237
... more
1 vote 5 answers Share Flag
Mott Marvin…, Real Estate Pro in Sunny Isles Beach, FL
Sat Oct 11, 2008
Mott Marvin Kornicki answered:
I really don't know! The exact amount of time depends on several factors.

• Backlog of the court
• Motivation of the pre-vailing party, usually the plaintiff
• Lender's policy
• Weather conditions
• ?
Get packed and move on!!!
I have seen the eviction proceedure happen withing 5 days. From what I read at the link below, it is quite clear that a minimum of 30+ days that you could possibly stay.

Mott Marvin Kornicki, Broker/Associate
Sunny Isles Beach, Florida
Real Estate Professional in Miami
... more
0 votes 1 answer Share Flag
Dallas Texas, Real Estate Pro in Dallas, TN
Fri Oct 10, 2008
Dallas Texas answered:
Contact an attorney therefore no statements made would be to your disadvantage sorry to hear about your situation. http://www.lynn911.com http://www.homes-for-sale-dallas.com
0 votes 1 answer Share Flag
Shannon Moore…, Real Estate Pro in Port Charlotte, FL
Fri Oct 3, 2008
Shannon Moore - The Moore Team answered:
We have seen it take up to a year but it really depends on many factors. Have you tried calling the bank to negoiate your payments or terms? Have you talked to anyone about the possibility of doing a short sale? There are many options out there and we would be glad to discuss some of your options if you would like to give us a call.

We live and work in North Port.

Roxanne Moore, Realtor
Re/Max Anchor Realty
941-626-3926
twomoores19@comcast.net
North Port, FL
... more
0 votes 8 answers Share Flag
Shannon Moore…, Real Estate Pro in Port Charlotte, FL
Thu Aug 28, 2008
Shannon Moore - The Moore Team answered:
Just checking in with you to see if you have found something in the area.
0 votes 18 answers Share Flag
Shannon Moore…, Real Estate Pro in Port Charlotte, FL
Mon Jun 30, 2008
Shannon Moore - The Moore Team answered:
As Elizabeth said, there is a lot on the market in North Port right now. I personally would hold off. I would also say if you are building it for investment you should have a Realtor pull similiar properties for you so you have an idea of what you might be able to sell it for. ... more
0 votes 9 answers Share Flag
Shannon Moore…, Real Estate Pro in Port Charlotte, FL
Thu Jun 26, 2008
Shannon Moore - The Moore Team answered:
We've seen the process take from 2 months to 8 months. Often times the bigger companies i.e. Countrywide, GMAC, etc take a bit longer.

Have you tried to short sale your property? Sometimes that's a better option. If you give me a call I'd be glad to discuss this option with you.

Shannon Moore, Realtor®, 941-276-8142
Roxanne Moore, Realtor®, 941-626-3926
Re/Max Anchor Realty
North Port/Port Charlotte
www.TropicalFloridaProperty.com
www.TwoMoores.com
... more
0 votes 5 answers Share Flag
Search Advice
Search
Foreclosure in North Port Zip Codes

Followers

308