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 Richmond County : Real Estate Advice

  • All7
  • Local Info0
  • Home Buying5
  • Home Selling0
  • Market Conditions0

Activity 42
Sat Jul 22, 2017
Kathy Burgreen answered:
This home is not for sale. You need to know that real estate websites like Zillow and Trulia obtain public information from counties across the U.S. Therefore judicial and foreclosures is public information. It does not mean the home is for sale. It can take years before the home is listed for sale. Currently this home is being held by a bank. ... more
0 votes 1 answer Share Flag
Sat Jul 1, 2017
Kathy Burgreen answered:
It's not in foreclosure. According to Zillow, it was rented in 2015.
0 votes 1 answer Share Flag
Tue Jan 24, 2017
Maricris A answered:
Hello,

I have emailed you regarding this concern.

Regards,

Maricris
Consumer Care Advocate
0 votes 1 answer Share Flag
Fri Dec 9, 2016
NLF asked:
I was denied twice because I have multiple credit cards with outstanding balance of 38K, and unknown delenquency. My FICO score is 667.I could end up foreclosing my house. i have a good…
0 votes 0 Answers Share Flag
Wed Jul 27, 2016
Maricris A answered:
Hello,

If you want to know more information about the foreclosure property, you may check the county where the foreclosure property is part of or you may ask for assistance from a foreclosure specialist in your area.

You can take advantage of our vast network of agents here on Trulia. You may found the link below.

To search for a foreclosure specialist using our site:

1. Go to the link that I provided, enter the location where you're at and click enter.
2. Click the 'More filters' button and choose 'Foreclosure' under specialties.
3. Click the 'Search' button.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/


Regards,

Maricris
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Tue Jul 26, 2016
Amarquez asked:
--
This question was asked from this property: http://www.trulia.com/foreclosure/3235075525-41-Wellington-Ct-1K-Staten-Island-NY-10314#photo-2
0 votes 0 Answers Share Flag
Sat Apr 23, 2016
Leo asked:
Thu Jun 25, 2015
Vladimir Barman answered:
0 votes 1 answer Share Flag
Thu Jan 22, 2015
Eleni Stavrakos answered:
Hi I can help find the perfect place and put you in the right direction to get you the right home. I can answer all your questions in regards to any property you are interested in also schedule appoints around your availability. ... more
0 votes 2 answers Share Flag
Thu Jun 5, 2014
Joseph Runfola answered:
Sat Jan 18, 2014
Deborah Bracco answered:
I just closed on a short sale that took about 9 mos. including bank approval, appraisal, buyers mortgage approval etc., I worked with someone who is an expert in short sales and it wasn't a simple one..had its share of problems etc., yet successful. Call me at 718 619 5701, maybe we can help you! ... more
0 votes 7 answers Share Flag
Mon Nov 11, 2013
Anna M Brocco answered:
No link is visible, however if your interest in the property, is high consider a private showing and see all firsthand...
0 votes 2 answers Share Flag
Fri Oct 25, 2013
Yanoska Diaz answered:
If BOA is still in the process of valuation the short sale is not approved. Agent tend to advertise a short sale as approved after the have spoken to a processor and the processor has said: OK, great send me an offer. That is not the approval of the short sale!! When you are delivered a short sale approval letter from BOA that contains all of their terms and conditions including an expiration date for the approval, only then, the short sale is approved. Being as familiar as I am with BOA that can take a good number of months. ... more
0 votes 4 answers Share Flag
Sat Jun 1, 2013
Fred Herman answered:
No.

I would assume a $29,900 home would need considerable more than "some fixing."

was your offer accepted??? how much did you indicate as a down payment? was your loan approved???

before you decided to make an offer you should have had an idea of what the closing cost would be. when it's time to close, you don't want to find yourself in a position where you don't have enough money.
... more
0 votes 3 answers Share Flag
Wed May 15, 2013
Fred Herman answered:
Banks prefer cash offers, And they will often accept a lower cash offer over a higher offer that involves a mortgage. Do your homework. Work with an Realtor to determine what is a realistic estimate of the home's value after it's fixed up. Then I would reduce that amount by 10 to 15% to allow some room for error. Estimate the cost of repairs. Get real. Don't use low ball numbers.
Are you going to live in the home if your offer is accepted???? or are you looking to flip the property????? If you're going to flip the home, you need to factor a profit into your calculations.

Now you can determine your maximum offer. In most cases you probably want to your initial offer to be less that your max. But not always. Why?? Because sometimes you don't get a second chance to bump it up. Remember, your offer is competing against other offers. So while your waiting for a counter offer and hoping one of your incrementally increased offers will be accepted, ideally below your maximum, someone else's offer may be accepted.

You need to think about how strongly do you want the home.

Your agent will submit your offer for you. Usually in a few days, it varies, it could be more or less, the bank will accept, reject, or counter-offer.

Sometimes the bank will have the broker handling the foreclosure/REO notify all those who have submitted an offer that they (the bank) have received multiply offers. They ask all those who have submitted an offer to submit their highest and best offer which must be received by a designated date and time.

The bank will choose (but they are not obligated) the offer they consider best from their standpoint. For example they may choose $125,000 cash over a $140,000 offer which is comprised of $20,000 cash down payment and $120,000 mortgage.

Thanks
... more
1 vote 3 answers Share Flag
Fri May 10, 2013
Cathy A. Greco answered:
I have a Consultant who specializes in obtaining loan mods. She just did one after the homeowner
Waited almost 2 years
0 votes 1 answer Share Flag
Wed Apr 24, 2013
Trevor Curran answered:
Good evening BuyerFromNewYork,

I've been helping First Time Buyers for 23 years as a mortgage professional and I will tell you what I have always told my clients here in New York: If you are a First Time Buyer, steer clear of foreclosures and short sales.

Foreclosures are someone else's headache. The home probably has not been well-maintained and you're a First Time Buyer adjusting to paying a mortgage. Do you really want to walk in the door to someone else's deferred maintenance that YOU will have to pay for? Also, if you're thinking there are deals to be had in terms of lower prices, mostly those "deals" go to professional investors who can pay cash, negotiate hard with a Lender, and close fast.

For Short Sales, my attitude of late is that First Time Buyers should steer clear. Short Sales tend to be a better deal for the homeowner than for the Buyer. You'll wait MONTHS for the homeowner's Lender to approve the short sale; maybe as long as Six or Seven Months. Meanwhile, you're stuck in a contract to buy that home. I closed a short sale recently with a Buyer who, after seven months said this at the closing table, "I don't even want this house anymore."

And he didn't even get the "deal" on price he thought he was getting! The house appraised for only slightly more than he paid for it at the short sale price. He walked into this deal thinking he was buying a home for $100,000 less than it's value. In the end that wasn't the case.

There are plenty of motivated Sellers with their homes listed on your local MLS. Go find a good Local Mortgage Banker, get prequalified, then find a great, experienced Realtor, and buy the home you want at the price you're willing to pay.

Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
1010 Northern Blvd. Suite 234
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
NMLS#3528

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
0 votes 7 answers Share Flag
Sat May 12, 2012
Ron Thomas answered:
In California, the rules state that the Broker owes the duty of Obedience to the Client;
While the Client cannot tell the Broker to do anything illegal or enethical, the Broker must follow the instraction of his client. ... more
1 vote 4 answers Share Flag
Wed Feb 8, 2012
Beatrice Karbowski answered:
Young Ryu

Do not understand your question?
For best results in purchasing real estate you should interviews 3 agents to assist your needs

regards Beatrice Karbowski
0 votes 3 answers Share Flag
1 2 3
Search Advice
Search
Foreclosure in Popular Cities in Richmond County

Followers

172