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Home Buying in Trotwood : Real Estate Advice

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  • Local Info1
  • Home Buying9
  • Home Selling1
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Activity 8
Sat Sep 7, 2013
James Gordon ABR SFR SRS answered:
Do not buy a foreclosed property with a quit claim deed. I doubt if a title insurance company would issue a owner policy on a foreclosed property transferred via a quit claim deed.
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Sat Jul 13, 2013
Melissa Goss answered:
You need a different type of loan. Most lenders will not mortgage under 50K. Its a loan similar to a car loan, and there will not be a 30 year time span to pay it back either.
0 votes 1 answer Share Flag
Thu May 9, 2013
Matt Badger answered:
How you approach them is everything! If you have the means to buy their home and get them out of a forclosure situation and into a short sale deal they appreciate it, but if it's just to ask them questions they might get upset. I think most people in their shoes would love to have an easier way out! ... more
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Mon Feb 25, 2013
Karen Huelsman answered:
Very simple: go to Montgomery Co. Sheriff website and look at "current and past sales". If it is in 'past sales' look in the right hand column and see if it is a bank that bought it back. If it is listed in current sales, you may be able to purchase it at Sheriff Sale. A source you may consider to look at properties that are going to auction outside of Sheriff Sale is and type 'real estate' in the search box. You will find properties that REALLY ARE going to auction and auctioneer/realtors that can answer all your questions- certainly feel free to email or contact me w/specific questions. Good luck! ... more
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Sat Jan 5, 2013
Fred Yancy answered:
Th only scenario where I have seen something like that happen is when a renter already has a lease, the property owner is foreclosed on and Fanny Mae takes over the property. They will allow the tenant to run out their lease before having to move. But to rent it out to a new tenant after foreclosure - never. ... more
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Tue Oct 9, 2012
Boss Lady asked:
an out of town move has come up due to a medical situation . credit poor, no downpayment.
1 vote 0 Answers Share Flag
Tue Aug 7, 2012
Karen Huelsman answered:
Follow up: In a foreclosure auction, or Sheriff sale auction the answer is clearly " No".
0 votes 4 answers Share Flag
Sun Jul 15, 2007
Don Bush Team answered:
GET YOUR OWN BUYER-REPRESENTATIVE REALTOR who will get answers, and has tools to watch it closely for you.
0 votes 3 answers Share Flag
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