wtat's the current status of this property.?

Asked by Tom, Canada, KY Sun Jan 18, 2009

This question is about this property: http://www.trulia.com/foreclosure/2002637634--Lake-Pickett-R…

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Gay Middleton, , Orlando, FL
Mon Jan 19, 2009
Hi Tom
I agree with Realtor Tom, RealtyTrac wants you to sign up for something you can receive FREE by working with a Realtor to help you here in Central Florida. This forum is a good place to start. You could try a referral or simply interview or email a few Realtors back and forth until you find one you are comfortable with.

You stated both buyer and seller. You must own property here. Again, you may want to look for help in the area of where your property is located. There is so much going on in Central Florida right now in Real Estate, both on the positive and sometimes on the negative and some great deals too. Stick with someone you may know and trust.

I hope I have helped.

Gay Middleton
Realtor/Sales Specialist
"skype" me at gaymiddletonrealtor
Visit my website for more help.
Web Reference:  http://www.gaymiddleton.com
0 votes
Broker Dave, Agent, Orlando, FL
Mon Jan 19, 2009

This home is listed on Trulia through a company called RealtyTrac; they want you to go to their site and pay to get the information on this and other foreclosures.

Most of what RealtyTrac list here is teaser prices, they get these from public records findings, this is where the attorney for the bank has filed to get the back mortgage payments owed the bank, odds the home will sell for this is 1 out of 1,000 as most of these homes are worth lots more than this and remember banks know the true value.

Don't fall for this trap as the foreclosure information is available to you, free. I send it to you with just your email.

Dave Lowe, broker
GRI / ePRO / GREEN designations
Search Central Florida Coast to Coast: http://www.myfloridahomesmls.com/davelowe
My Bio: http://brokerdave.topproducerwebsite.com/daves-bio-.asp
Customer Testimonies: http://brokerdave.topproducerwebsite.com/customer-testimonial.asp
Web Reference:  http://two4oneoforlando.com
0 votes
Pat White, , White, GA
Sun Jan 18, 2009
Hi TOm,

This property is in Lis Pendens. This means that there is a legal action pending to forclose. If this is a property that you are interested in, I suggest you wait for it to foreclose. Here is why:

1. Once it is foreclsoed, it is owned outright by the bank.
2. Negotiations will be smoother than trying to negotiate terms during the legal action.

Having said that, negotiations on a foreclosed property is different than negotiating with a direct seller. The bank has it's own procedures, which must be followed. Get a team, Realtor & Lender who are experienced in working with foreclosed properties.

Lastly, if you are a First Time Homebuyer, there may be funds available to help with your closing costs and downpayment. I handle all residential Real Estate, including Forclosures, Short Sales and Pre-forclosures and guiding First Time Homebuyers through the Down Paayment Assistance process, including on foreclosures, Short Sales and Pre-foreclosures.
Please let me know if you have any additional questions. Thanks, Pat
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