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 Rochester Hills : Real Estate Advice

  • All107
  • Local Info3
  • Home Buying35
  • Home Selling8
  • Market Conditions3

Activity 9
Tue Nov 8, 2016
Maricris A answered:

I apologize we have false foreclosure information listed on our home details page. This data is provided to us from Zillow foreclosures and we currently do not have the ability to edit or remove the information that they are sending us.

Please be advised that I have created a request regarding the removal of the erroneous foreclosure information for your home on Zillow.

Once the status is removed from Zillow, it will automatically update to Trulia after 24-48 hours.


Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Sun Sep 26, 2010
Sigrid Garrick answered:
Hi Ken,
I appaude you for your decision to buying a new home. It's a great decision to buy in this down market & sell high. MOrtgage rates are at their all time low but they are starting to go up a little .You are also realizing that it may be best to rent your current home. There are a lot of factors involved in both decisions.

In buying a forclosure, I advise my clients to look at price & condition & not just if its a forelosed home. When buying a forclosed home you may be paying more for closing costs for taxes because the home may not be homestead. There is a lot more paperwork for forclosed homes & usually you have to close at thier title company & do as they say. Are you experienced at any repair work or have contractors that youknow & trust to do work on home repairs. They are some forclosed homes that needs great amounts of work & some are rather little. I have seen all kinds. The good ones go very fast so you need to be on top of things & when one comes on the market, you have to see it with in 2 days & make an offer. You have to be preapproved with a mortgage & submit that with the offer. a lot of foreclosed home you will have first crack since you will be living there as opposed to investors.
If you do not need money out of your current house then you could lease it. You will need to check with Rochester to see about a rental license. You will also pay more taxes on that house since its a rental.
I am also experienced with lease listings & qualifing potential renters & all the paperwork involved. The commision for lease listings is the 1st month rent will go towards the agents brokers. My listings are just like a regular sale listing. They're posted on 2 multi lists with multiple pictures & promoted on over 30 web sites.
Any more questions, please give me a call or email
Sigrid Garrick 586-322-7165
E-Pro & SFR Certified Realtor
Keller Williams Troy I live 1 block from Rochester Hills
... more
0 votes 9 answers Share Flag
Sun Jun 27, 2010
Anna M Brocco answered:
In order to best protect yourself and any other assets you have, do consult with an attorney who specializes in real estate--he/she will be your best source of advice.
0 votes 3 answers Share Flag
Wed Jun 23, 2010
Reuben Pacheco answered:
Hello, The asking price is usually the starting point to negotiations. The bank has asked a real estate professional to provide what's called a BPO ( Broker Price Opinion) to arrive at asking price. What we're seeing in the market place in some instances are... Some out of area agents are providing these sales comparisons to banks who do not know the area/market.

There are sites that allow for payees to access the banks value assessment and some agents have this info NOT all. Then, of course, you'd have to pair yourself with a local professional who understands the market who can either justify the value or recommend a lower or higher offer price for you.

Contact a local agent that you have interviewed and feel comfortable with to arrange your showing. You should be able to see within 24-48 hours depending on showing instructions and selling agent protocol.

Reuben Pacheco
Prudential California Realty
West Hollywood
323 466 5358
... more
0 votes 7 answers Share Flag
Mon Mar 1, 2010
Derek Bauer answered:

My team and I process many short sales and recently have been successful in getting properties marketed, accepted, and closed within 90 days. If you would like more information about how we can help you, please visit my website below and specifically the short sale information...

Best to you if we don't hear from you.
... more
0 votes 4 answers Share Flag
Tue Sep 22, 2009
Derek Bauer answered:

I would caution you from judging all other agents based on your experience with another.

Why do you think the process was so fast and seamless when you dealt directly with the listing agent? Dual agency is a VERY grey area. I have never understood how an agent could actually best represent the interests of dualing parties who have competing and conflicting interests. Curious, isn't it?

Whenever I have sold my own listings, it has been as an acknowledged Seller's agent to all parties.

That being said, if you don't truly care that your best interests are protected, I, too, will throw my hat in the ring by providing you a direclt link to public MLS searching...
... more
0 votes 5 answers Share Flag
Fri Sep 11, 2009
Carrie Symonds answered:
That's a great question and it depends on the bank that is holding it. It probably has been assigned to a foreclosure agent who is checking on it and will let the bank know when it is vacant. After it is either officially abandonned or the 6 month redemption period is over, it can be listed. Sometimes the agent will place a small sticker on a window or door with their contact number. My best advice is to keep an eye on it, maybe even stop and chat with the neighbors. They can be a great source of information! Good luck! ... more
0 votes 1 answer Share Flag
Wed Jan 28, 2009
Joanna Zych Hernandez answered:
Call me, I specialize in negotiating with banks all day for my short sale clients, and work as aggresively for my buyers of bank owned properties.
0 votes 9 answers Share Flag
Search Advice