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Foreclosure in Pinellas Park : Real Estate Advice

  • All65
  • Local Info4
  • Home Buying15
  • Home Selling4
  • Market Conditions10

Activity 3
Wed Jul 9, 2014
Ann Ryan answered:
It sounds like the home is up for auction. You have now been informed. If you have a current written lease, you have protection, if you don't things get a lot more interesting.
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Sun Feb 13, 2011
Liane Jamason answered:
Gene it says you are an agent, so maybe you already know this - but just in case you do not - PLEASE PLEASE PLEASE read this before you just let your home be foreclosed on. Allowing your home to be foreclosed on DOES NOT release you from your obligations under the mortgage. The bank can still pursue you for the balance of the mortgage. I know a short sale is not a fun process but it can, in many cases, release you from the deficiency.

I have a 100% success rate in getting my short sales closed - including with CitiMortgage.

Liane M. Jamason, Realtor
Jamason & Associates
cell: 813.486.4997 | fax: 813.856.3488
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Tue Jan 18, 2011
Akop Balayan answered:
Hi Mugsal,

There is no standard amount to offer below or over a home that is in foreclosure. Most buyers determine their offer price based on recent sales of comparable property in the immediate area. If you are working with a real estate professional (which I highly recommend), ask him/her to create a CMA (Comparative Market Analysis) for you, which will detail what houses are selling for in that area, and consequently the value of the home you're interested in.

Happy Hunting,
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