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Foreclosure in Pennsylvania : Real Estate Advice

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  • Home Buying306
  • Home Selling57
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Activity 876
Yesterday at 2:37pm
Gjlboo50 asked:
Yesterday at 7:17am
Gail Gardner asked:
Thu Mar 23, 2017
Levi19022 asked:
Thu Mar 23, 2017
Me2uguys answered:
I recently made offers on a Short Sale property in GA. Offer was made in Aug 2016, October 2016 & finally in Dec 2016. House was way overpriced at $84,900 at first and had sat on market for a year listed at this price. It did not begin to drop gradually and by December they dropped to $59,900. A $9,000.00 decrease to finally had brought it to my price range. They asked I resubmit the offer I had on the table, which did not change my offer at all, but they finally accepted it the beginning of Jan, 2017!

I thought we were getting somewhere, but unfortunately it was a long road ahead. Back in October I was informed there were tax liens against the property, but supposedly were cleared then per the Broker at Listing Agency, ALTA Realty of Norcross, GA. Then, there were issues with the current plat on file at the county. It appeared the house sat on the neighboring property. An encroachment and there was no updated deed on file from when the current owners had purchased it, nothing had been filed by their Surveyor or Closing Attorney.

When contacting the Listing Agent insisted all this would be taken care of. All the while, my agent and I agreed, the other side should have had all this taken care of months before when we addressed this issues in Aug 2016, months earlier when my first offer was made.

Finally in February, when the fifth Ammendment was done to push the closing date to end of March, my Lender was fed up and sent an email to insist the other side resolve the above issues, as well as having the water source to the house on, so that I may ask my Home Inspector to return to the property to finish the inspection, as he had been out in December to complete it, but discovered there was no water source for the house!!! Here, the neighboring property had diverted the water to their home and cut off the home's water entirely!!

We were waiting to hear if any progress had been made, but were not getting any returned calls, emails, etc. from the Listing Agent. Almost a month had passed and we were nowhere closer to any resolve. Finally, almost a month later we get an email from the Listong Agent that he is no longer willing to work with this Lender and he has pulled his Real Estate License. WHAT!! My Agent writes an email after a week of waiting for a return call from anyone from the ALTA Office, nothing. Finally we get a reaponse from ALTA via phone, telling us they no longer have this file and claiming the Lender has changed and we will have to contact the homeowner who has not lived in this house for over three years or the new Lender. They did give us their infomration, but we had no way of reaching out to the owner.

I finally called the Listing Agent and he was willing to give me the homeowner's number. My Agent gave her a call and was able to get a call returned and many answers from her. She was also in contact the new servicer and we thought we now had reached someone that was actually planning to get this moving and to a closing.

Unfortunately, March 21st came and went and my Lender gave me a courtesy call to let me know I could no longer proceed to buy this home. Just when our hopes are high that we can finally get this done.

Much of the problems I encountered were caused by the lack of work being done by the Listing Agent at ALTA, the mortgage servicer MCM who were all Partners with their Title company Linear Title. One continually passed the buck amongst themselves.

My family and I had our hearts set on this house when it finally dropped down to our price range in December to $59,900, but we never got there, due to ALTA, MCM misleading us throughout this process all those months telling us everytthing was being done. I came to the conclusion that they had no intentions of getting anything resolved to sell this house any longer. They all passed the buck until it was transferred to a new mortgage servicer.

Now, my family and I have to start all over. I spent over $900 on Home Inspections, including this home of $350. The first two bombed their inspections and the first two properties were owned by someone. The homeowners did not want to give to fix anything or at the very least give on their price, so that I may do the reapairs myself in what my loan allowed. The last was the only short sale or bank owned home. We recently found out that this short sale had been sitting vacant for over three years, but now listed for over an additional year. Unsure why they are called "Short Sales", because they are anything, but short!!
... more
0 votes 74 answers Share Flag
Mon Mar 20, 2017
Teresa Klingman answered:
In the majority of states/counties the house goes to an automatic REO or becomes a Bank Owned property even if the bank or Real Estate company has no stake or ownership of the home. There are ways to avoid foreclosure. Contact a local attorney. If you cannot afford an attorney please find a para legal or go to the courthouse and ask for a list of attorney's. There are options. You can also research how to slow down a foreclosure in whatever state/county you are in by speaking to a judge in your county. It is very unfortunate that most homeowners are not educated before buying. Also remember that sometimes investors also can provide a way out of debt. I hope this helps ... more
0 votes 10 answers Share Flag
Mon Mar 20, 2017
Rdht412 asked:
Mon Mar 13, 2017
Tim Kelly asked:
Fri Mar 3, 2017
Greggnancy39 asked:
Fri Feb 17, 2017
Angelica P answered:
Hi,

I have emailed you regarding this concern.


Thank you for using Trulia!

Angelica
Consumer Care Advocate
0 votes 1 answer Share Flag
Thu Feb 16, 2017
Bernard G. answered:
Hello,

I have emailed you regarding this concern.

Regards,

Bernard
Consumer Care Advocate
0 votes 1 answer Share Flag
Tue Feb 14, 2017
Bernard G. answered:
Hello,

I have emailed you regarding this concern.

Regards,

Bernard
Consumer Care Advocate
0 votes 1 answer Share Flag
Tue Feb 7, 2017
Doreen asked:
Bank bought house from sheriff in 2014 for 100 bucks and deed was filed.
Just got a letter from mortgage company for a pre payment from me of 298,000
0 votes 0 Answers Share Flag
Tue Feb 7, 2017
Lucyrascal answered:
Hi, I am also looking for answers to our home which is up for sheriff sale, which will happen in a month. Do you have any advice you can give me? Thank you.
0 votes 1 answer Share Flag
Tue Feb 7, 2017
Teresa B. asked:
My home - at 839 Sugarsbridge Road, West Chester PA. is NOT listed for Auction. Please take this down IMMEDIATELY. Our home is for sale and this is going to cause issue's when people…
0 votes 0 Answers Share Flag
Tue Feb 7, 2017
Teresa B. asked:
My home - at 839 Sugarsbridge Road, West Chester PA. is NOT listed for Auction. Please take this down IMMEDIATELY. Our home is for sale and this is going to cause issue's when people…
0 votes 0 Answers Share Flag
Sat Jan 28, 2017
Lebpaul101 asked:
I made a full price offer for 312 10th st Franklin PA. with local bank financing pre-approved and 25% cash down. Property is REO. The bank that owns the property refuses to urn utilities…
0 votes 0 Answers Share Flag
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