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Foreclosure Clean Out Companies All Locations : Nationwide Real Estate Advice

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Showing results for Foreclosure Clean Out Companies [Clear search]
Wed Jul 4, 2012
Fred Yancy answered:
Short answer is yes

That is why sometimes after you have an accepted offer it can take a couple of months to actually close because you cannot close when there are any leins on the title. Your lender would require a title insurance policy. ... more
0 votes 8 answers Share Flag
Sun May 1, 2016
Ray Wright answered:
Whoa! Hold on there! I assume by "Sledge Hammer Party" that you mean they are planning on thrashing the house? If that's the case, I would advise them NOT to do so. Recent court rulings have shown that the law will not tolerate it when folks do such things.

Take for instance a San Diego Police Officer and his wife who had been arrested for trashing their home in Winchester after being foreclosed upon. Recently, the jury in their case found them Guilty of Defrauding a Bank and causing damages and losses of more than $65,000.

I had been following the story with great interest for a number of reasons. First of all, because I'm an ex-cop and I have always felt cops were to be held to a higher standard of honesty and integrity. And second, because numerous times I have acted on behalf of a bank trying to negotiate a Cash-For-keys only to have it rejected by the occupant and the house trashed before I was able to get possession.

I was fearful that the jury in this case would be swayed by emotions or could possibly have been a victim of foreclosure themselves, which could have tainted their decision. I was glad to see that they addressed the facts of the case and came up with a Guilty verdict. In fact, according to court records, the jury only deliberated for about 30 minutes. Obviously they were all in agreement based upon the evidence and facts of the case.

This case is the perfect example of what NOT to do when being foreclosed on. Deputy D.A. Marcus Garrett said, "Here in Riverside County, we are at the forefront of the foreclosure crisis. This behavior is not the answer." He went on to say that it showed a "blatant disregard" for property.

I contend that it also demonstrated a blatant disregard for what is ethical, honest and right. No matter what the circumstances are, foreclosure hurts everyone involved. But when circumstances beyond anyone's control force you to stop paying your mortgage, acting in an unethical way is inexcusable. When these folks purchased the home, they signed a "promise to pay" contract and if circumstances have made it impossible to do so, they should have done everything they could to avoid foreclosure. Whether it be a loan modification or short sale. And if those options are unsuccessful, a Cash-for-Keys agreement would be the final step. Sitting in the home and waiting to be evicted should not be an option. And trashing the home...well, now we see that option can end up in prosecution.

I hope that this recent case will send a message to your friends and to all those being foreclosed upon that this type of behavior will not be tolerated under the law. I also plan to keep copies of this story so I can distribute them to those repo occupants I come into contact during the eviction process. Hopefully, we won't see these types of things happening in the future.

Ray Wright
Keller Williams Realty
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0 votes 7 answers Share Flag
Tue Nov 22, 2016
Suzanne MacDowell answered:
Define 'bad credit'. Many people think they have terrible credit when it's really not that bad. You can reach out to the company suggested below. You can also talk to a local mortgage banker. The banker will look at your situation and tell you what, if anything, you can do right now. If not now they can give you some tips on how to improve your credit and how long it will take for the improvements to show up on your credit report. A lot of times they will tell you what needs to be done and you can do it yourself, but I must say, if Tari is correct, it's a small price to pay to have someone do it for you. The process can be very time consuming. ... more
0 votes 78 answers Share Flag
Tue Apr 1, 2014
Darrell D. Drouillard answered:
That is an interesting question. I have had similar discussions here - obviously you are talking about holding the investment and not flipping if i understand correctly. I'm a realtor but also an investor in San Antonio. I work with another investor also. Both he and I are in agreement that we prefer vacant homes/duplexes.

Many investors like occupied properties so there are no real holding costs and the income is immediate. That is a good rationale, but I argue differently. Just because the home is occupied doesn't mean the tenants are current on their rent or pay timely....I know you can get rent rolls disclosed in the contract and all, but I honestly don't like to mess with it. Also, if the home/duplex/4-plex needs repairs or updates, it's 10 times easier to accomplish while vacant than it is working around a tenant.

Of course a vacant property means you must have funds to not only cover repairs but also carrying costs. Typically most foreclosures will be vacant though you may find exceptions under the newer laws to protect tenants, but that is still very, very rare.

Hope this helps.

Darrell D. Drouillard
Home Team of America
16719 Huebner Rd., Bldg 4
San Antonio, Texas 78248
210-881-6760 (Fax)

'Serving all Your Real Estate Needs'
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0 votes 10 answers Share Flag
Mon May 28, 2012
Susan J. Ball answered:
I'd be happy to help you with that search, Kurt. Feel free to call me at 239-246-0167 and let's get started!
0 votes 27 answers Share Flag
Fri May 11, 2012
Janey Bishop answered:
What does the seller's agent and your Realtor say? They know the paperwork and parties and have the best insight.

The Seller is risking foreclosure but maybe they think prolonging possession a few extra months is worth it. If you really want the house you can take ownership and evict the son but he may drag it out and damage the property. Is the property worth the risk and cost? Do you know what his standing is?Have your agent give the Sellers a notice to perform and flush out the real issues. He may well be angling for compensation which would require Lender approval even if you pay it. I hope you have a Realtor representing your interests (not a dual agent). ... more
0 votes 6 answers Share Flag
Thu Nov 16, 2017
Thom Colby answered:
They need to tell you in writing EXACTLY what has changed and why they want to charge you more %. Is this a national lender such as one of the big banks or is it a Mortgage Broker, etc.
I suggest you call a reputable company and ask them to pre-qualify you to see what they say.....
... more
0 votes 80 answers Share Flag
Fri Apr 6, 2012
Anna M Brocco answered:
Without much information, if it gives you peace of mind, no reason not to hire an attorney....
0 votes 11 answers Share Flag
Thu Oct 31, 2013
Ron Thomas answered:
After two months, your offer is sitting in the "circular file".
It sounds like this Shortsale is no different than any other short sale:
Either you tried to make a "Low Ball" offer, or the Bank is really not interested in selling now.

Did you do a CMA before your bid, to see where the VALUE is?
Where you close to the Value or were you way under?

Do you want to try again?
Do you have a new CMA?
Are you still trying to low-ball it?

Good luck and may God bless
... more
0 votes 8 answers Share Flag
Fri Oct 6, 2017
Nick Rafello answered:
Since 2008, it really doesn't matter what year it is. And now, I take the 5th.

Nick Rafello
Senior Vice President
Associate Broker
The Corcoran Group
0 votes 91 answers Share Flag
Tue Mar 6, 2012
Lorrie Feld, ABR,GRI,SRES, answered:
Since you don't have communication with the lender yourself, you are relying on the listing agent and their experience. Depending on the bank and how many loans there are will usually determine how quickly or how long the process will take. Also will depend on if there was already an approval on it and the buyer walked. In general the process most likely will take at least 90 days to receive approval. If you have the patience and don't mind waiting, you can get a good deal. The pitfall would be that you waited all this time and the bank doesn't approve the short sale and it ends up going to foreclosure and you wasted all that time. Today many of the banks would rather do a short sale than a foreclosure, so hopefully that won't happen as long as the offer price is pretty close to fair market value.
Good Luck in your search
Lorrie Feld
Keller Williams Integrity First
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0 votes 7 answers Share Flag
Fri Aug 30, 2013
Gerard Carney answered:
You want to phase this in better diction so we can understand what you are really asking?
0 votes 22 answers Share Flag
Wed Mar 14, 2012
John Crowe answered:
Ask. It's unlikely, though they may offer a concession. You might also ask your agent to search public records, see if a survey was filed or find the title company who performed the last closing - might have one in a file.

Good luck.
... more
0 votes 14 answers Share Flag
Wed Dec 28, 2016
Joe Shoemaker answered:
Apparently the bank felt that it was in their financial interest to buy the house at $291,000 and put it on the open market. I expect that the Broker Price Opinions done in their behalf showed that there's money to be made in doing so.

Good luck.

Joe Shoemaker
Principal Broker, REALTOR®
MacDuff Realty Group, LLC
317 413.8501!/jojosmojo
... more
0 votes 19 answers Share Flag
Thu Mar 8, 2012
Kim Mulligan answered:
Having been a landlord in the past I can say that depends. It could depend on the rental demand in your area, how nice a place you will be renting, how long the rental has been on the market, how much you are willing to sooth the nervous landlords nerves, your overall financial situation, your job, your demeanor, and the landlady's mood.! Seriously!

I am guessing you aren't feeling very strong and confident right now, it doesn't help to tell you how many other people are in the same situation either. The good new is, it will probably get better. It will probably be a huge load off your heavy shoulders to be out from under all that pressure and to be able to look to the future to move on. I'm sure you've heard you should be saving as much as possible right now. I can't stress this enough because of my following strategy.

Some places could very well turn you down flat, if so, take note and move on (check back with them in the unit is still on the market another 2 weeks). Smaller landlords will have more flexibility to make their decisions out of the box and they could be your best bet. I have rented to people I felt sorry for. This always made me regret my decision, yes more than once or twice! So I don't do that anymore, I need to pay my own bills and keep the utilities on.

I recommend that you be honest about your situation (which sounds like my previous mistakes) but the difference is you have enough of a deposit to cover the risk for the landlord. In the Seattle area it takes 3 months to evict a tenant IF the landlord does all the right paperwork on all the right days etc.(that means 3 months lost rent plus over 1K in legal costs).

I had a young lady approach me, said she had made mistakes, but was on a good track again.I believed her. She was tidy in appearance, was polite and respectful, I met her boyfriend (same adjectives) so I made a deal if she paid 3 months rent up front I would take the risk. I got 3 months notice before she moved out, and a great tenant who left the place in good condition. She got a strongly positive reference in return when she moved to a larger place. It made me feel good she appreciated me taking a chance on her and that I could help her on her way.

Sorry for the long response, just wanted to let you know the landlord's perspective. I recommend looking for the landlord that only have to abide by their own rules and intuition. My advice is to clean up your debts as much as possible in the meantime and still have a cushion of cash for deposits and background check fees. Best of luck to you!
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0 votes 6 answers Share Flag
Wed Mar 25, 2015
Don Tepper answered:
Work with a good loan officer or mortgage broker. Obviously, with those scores, there's still some clean-up that has to be done in your credit history. You need someone to take a look at your credit reports, analyze them, determine what needs to be done, and help you to do that.

If you're not getting that feedback and support from the lender you're currently talking to, find another one who will help you. If you don't know where to start, contact a Realtor and ask for suggestions for good loan officers.

Hope that helps.
... more
0 votes 17 answers Share Flag
Wed Jun 19, 2013
Cesar Garcia answered:
Nothing is guaranteed, but I can find you a rental condo or house through a property management company which would more beneficial to both the tenant and owner.

Cesar Garcia
... more
0 votes 15 answers Share Flag
Mon Jan 23, 2012
Scott Godzyk answered:
Grace the problme is a lot of banks are taking the job of hiring clean out people from the agents to national companies, the quaility of work us gone down sharply. you should look in your local paper, contact the leading listing agents of bank owned homes in your area. They will be able to tell you about prices in yoru area. Thety are usually very variable on the amount of junk left behind. ... more
0 votes 4 answers Share Flag
Fri Jan 20, 2012
Sherrie Crow answered:
Hello Nina--
Anything is negotiable, but banks are generally not very flexible. But I have seen banks pay for closing costs and other items in a foreclosure. There are so many banks and other lenders, and they all have their own guidelines. Have your agent put it in the contract and see what happens.

In my experience ( I have renovated several houses) $20,000 can go very fast. Make sure that you have the house professionally inspected. Then have a reputable contractor come by and give you an estimate on the repairs. All of this should be done in your due diligence period, do you can get out of the contract if you change your mind.

Whatever you do, make sure you are working with an experienced agent. There are so many factors in buying a foreclosure, especially one that needs repairs.

I would be glad to consult with you on this. Feel free to call me at 404-790-8184.
Good luck!

Sherrie Crow
Keller Williams Realty Metro Atlanta

... more
0 votes 12 answers Share Flag
Wed May 3, 2017
Marilyn Mayers answered:
The listing agent is required by NYS law to give you an Agency Disclosure form. This form, which you will have to sign, explains who represents you in the transaction.
The listing agent must allow you to have representation, if that's your decision. And you would state the name of the agent you choose to represent you on the Agency Disclosure form.
Feel free to contact me with any further questions you may have.


Marilyn Mayers
Lic. Assoc. RE Broker, Sr. VP
Halstead Propert LLC
... more
0 votes 129 answers Share Flag
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