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Home Buying in Titusville : Real Estate Advice

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  • Local Info7
  • Home Buying23
  • Home Selling2
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Activity 51
Mon May 8, 2017
Jackie Bell asked:
Closing agent is not able to get clean title because of a marital status on previous transfer. Now seller is asking for more money to close
0 votes 0 Answers Share Flag
Thu Feb 16, 2017
NCA.fdg answered:
When you say occupied is it a renter or previous owner.
I am assuming the property is in California.
It makes a difference if the occupants are renters or previous owners as the eviction process is different. California law has provided special protection to tenants in post foreclosure evictions. In a 2012 Amendment, providing the tenant with a 90-day notice to quit if the tenant were a bona fide tenant (ยง 1161b).
Moreover, if a tenant has an unexpired lease, a landlord/tenant relationship exists until the lease expires and, thus, no notice to quit can be sent until after expiration of the lease.Of course, if the tenant fails to pay the rent or is otherwise in breach of the existing lease, the successful purchaser has the right to pursue eviction under standard landlord/tenant grounds.

As to a holdover owner, you would have to file an unlawful detainer.
Through my experience there are two things that could happen.
The holdover owner leaves or stays and fights the UD.
If the previous owner decides to fight, the legal cost can become quite significant, especially if it goes to trial.

Investing in these types of properties can be tricky, another issue you must investigate is pending litigation on the property.
California is a non judicial state, which means the foreclosing entity can foreclose on the property without court involvement.

A title search can reveal a pending action against the property, but only if a lis pendens (pendency of Action) was filed in the county recorders office.
The problem is that a pro -se litigant(representing themselves) may not file a lis pendens, therefore not revealed through a title search as they rely on the public record.
Even if the court finds you are a bona- fide purchaser unless there was fraud involved, you can be drawn into the lawsuit as a doe defendant and again costly in legal fees defending your position.

I hope this helps avoiding pitfalls in buying foreclosures which are occupied in California.
*Disclaimer* This is for educational purposes only and not legal advice, you should seek competent legal representation.*
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0 votes 2 answers Share Flag
Wed Feb 8, 2017
Jessica Bateman answered:
Active contingent is when a home seller has received an offer from a buyer, but the buyer needs to meet certain conditions before the sale can be finalized. These conditions may include a home inspection or getting approval on a mortgage loan.

You could submit a backup offer in case buyer 1 does not complete the sale for any reason, you would be next in line. You will need to find a lender and get a pre approval letter before doing this. You can find a reputable lender and get a pre approval quickly at sites like The Lenders Network.

Good luck!
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15 votes 10 answers Share Flag
Tue Jan 17, 2017
Maricris A answered:
Hello,

I have emailed you regarding this concern.

Regards,

Maricris
Consumer Care Advocate
0 votes 1 answer Share Flag
Mon Sep 5, 2016
m.dicus asked:
Thu Sep 1, 2016
USDAMTGHUB answered:
Pro's and Con's as with the USDA the property you purchase must be located in a USDA approved area. Also your household income must be below the limit for the county. If you are eligible the USDA loan will be the better option - cheaper mortgage insurance. Even better, the mortgage insurance and guarantee fee are set to be reduced in Oct 2016.

USDA Mortgage Hub
100% USDA Rural Housing Loans
Serving all 50 states
Ph: 800-691-8826 (7 days a week)
... more
0 votes 9 answers Share Flag
Wed May 18, 2016
Allenjonathan099.ja asked:
Wed Mar 9, 2016
Brenda Hawkins asked:
Sat Mar 5, 2016
Sally Grenier answered:
Try contacting any local REALTOR. Keep in mind, the "foreclosure" listings you see aren't necessarily real or accurate.

This is just a marketing site and should not replace the service of your REALTOR, or your local MLS. This site is notorious for outdated listings, inaccurate data, FAKE foreclosure listings and bugs in the search feature. Please DO NOT rely on this site for accurate listing info. You need to be working with a REALTOR who can give access to the MLS (multiple listing service), which is the ONLY place you should be getting your info! The MLS will have all available foreclosures in your area. Good luck to you! ... more
0 votes 1 answer Share Flag
Sat Nov 21, 2015
Diane Christner answered:
FL foreclosures are judicial, meaning lenders must file in court to foreclose on a homeowner. FL has one of the longest foreclosure timelines in the country, with an average timeline of over 2 years from Lis Pendens filing to actual foreclosure.

If you are behind on your payments, try talking to your lender about a possible loan modification. If that is not an option, you may want to consult with a local attorney that handles foreclosures for homeowners. It's better to work something out with the bank through your attorney than to have the back foreclosure and then find out later they now have a judgment against you and can come after you for the unpaid balance.
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0 votes 2 answers Share Flag
Sun May 17, 2015
M9pro.222 answered:
445 S. Carpenter is a waste of time. I contacted the Brevard County Building Inspection department. This place does not look anything like the listing suggests and needs to be condemned for community health and safety reasons. ... more
0 votes 1 answer Share Flag
Sun Mar 15, 2015
Robin Ricker answered:
Hello Artie, I' Robin Ricker I would love to help you make your next move ! We have great properties for sale in the Titusville and surrounding area just waiting for a new owner, give me a call soon! ... more
0 votes 5 answers Share Flag
Sun Oct 19, 2014
Steve Quintana answered:
Each MLS has its own definitions for a property's status. The MLS where a property is listed has a set of rules where this definition will be contained. Check there.
0 votes 2 answers Share Flag
Fri Jul 4, 2014
Helen answered:
There are good and bad areas in titusville.
Old homes run down apts. If you are buying
and can afford 80k you can get some nice
townhomes or Condos I looking for my 86 yrs
Mother in that area. I prefer 32927 then 32780.
Port st John is nice the next town south.
I don't know much info about renting .
hope this helps
Roc n Ric
... more
0 votes 3 answers Share Flag
Sat Apr 19, 2014
Renoautoservice asked:
Sat Apr 19, 2014
Anna M Brocco answered:
Rent to own is similar to a car lease. Be mindful that rent to own is really not a good idea, therefore consider fixing whatever is preventing you from purchasing outright. Rent to own can be risky, it favors the seller so one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright, or simply continue renting until a purchase can be made. ... more
1 vote 2 answers Share Flag
Sat Mar 29, 2014
Gary Hitchcock answered:
I have a client that has a nice piece of land for sale there. I believe it is zoned for multi-family, townhomes, etc.
1 vote 3 answers Share Flag
Thu Feb 27, 2014
Robert Rosa answered:
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