Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Tax Forclosures All Locations : Nationwide Real Estate Advice

  • All698K
  • Local Info59K
  • Home Buying256K
  • Home Selling42K
  • Market Conditions26K

Activity 241
Showing results for Tax Forclosures [Clear search]
Thu May 20, 2010
Frederica Barney answered:
New legislation came out about two months ago. visit to read the entire article.
0 votes 26 answers Share Flag
Sat Nov 14, 2009
Tony Ostler- Ostler Group answered:
As the banks start to catch up on short sale homes as well as forclosures we will start to see more on the market. With the large amount of homes entering forclosure the banks have become backed up. The numbers show lots of homes still in the process which had some bearing on the feds decision to extend the tax credit. ... more
0 votes 9 answers Share Flag
Mon Jun 2, 2014
Sean Dawes answered:
Your best bet is to hire a realtor who specializes in short sales and bank owned properties. You could pay for a service such as realty trac but I personally think it is a waste of money.

Plus if this is your first time trying to buy one of these kind of homes, it is not an easy process at all and you are better off dealing with someone who has been through it time and time again.

Sean Dawes
... more
0 votes 10 answers Share Flag
Thu Jun 9, 2016
Brad Gill answered:
There are several places that you can go but the best site I have found is If you need any further assistance please do not hesitate to contact a local real estate professional as they can help you find this information as well.

Good luck.

Brad Gill, Realtor (#01385310)
Cell 408.204.7699
Eagle Properties Group, Your San Jose Real Estate Solution
... more
0 votes 20 answers Share Flag
Tue Feb 23, 2010
John Villaescusa answered:
It depends on what geographical your buying in but in southern California, REO's have made the market turn into a bidding war among the buyers. Usually a home sells for about 10-30 thousands more than the listing price, buyers have to pay for termite as well as closing costs. This is just an average I've seen for most deals in my office.

John & Sarena Villaescusa
Cell- 562-818-2671
Website- www.VGroupHomes
... more
0 votes 17 answers Share Flag
Sun Feb 14, 2010
Debra (Debbie) Rose answered:
Hi Maggie

My advice is short and when you find the home you love - whether it's now, in 2 months or 6 months.

Don't worry about trying to "time" things, or trying to figure out what will happen next with thie market, as no one knows.

As it is, the time is quickly running out to meet the Nov. 30 closing deadline for the tax credit, so it might be a moot point.

Good luck in your home buying search.
Best wishes.
Debbie Rose
Prudential NJ Properties
... more
0 votes 12 answers Share Flag
Sat Apr 27, 2013
Tammie Peters answered:
I can't speak for homes in Indiana but can for foreclosed homes in California. I am sure it's the same. No, it is much easier to purchase a home already foreclosed on. The bank is now the owner and the bank does not want to keep the home so it will list the home with a local real estate agent for sale. A short-sale homes takes much longer to purchase due to the fact that the bank or banks (if more than one loan) have to agree on getting less for the home than their current note against the property. ... more
0 votes 12 answers Share Flag
Mon Mar 28, 2011
Joe Homs answered:

The best thing to do is to actually speak with a direct lender and provide them with the details of your situation. They can tell you exactly what you can afford. There are some nice condo's and even older homes in the areas you are interested in. If you need a referral, let me know. $180,000 + $40,000 = $220,000 home or condo.

Joe Homs
Realty Partners
... more
0 votes 15 answers Share Flag
Tue Dec 20, 2011
Patrick Thies answered:
Yes, a home equity loan could be the reason for a second mortgage. Another posibility is something like an 80/20 or 80/15/5. This was popular a few years ago. People would do two loans. One for the down payment and one for the main loan. It was a way to get around paying PMI. (mortgage insurance).

As far as the second loans on short sales and forclosures. You are dealing with the main lender or the primary loan. That primary lender deals with the second lender. Usually the second lender is left out in the cold. They will try to get something and have to sign off or wave their claim before the first loan can move forward. Offers are handled by the primary lender and go to satisy that loan.
... more
0 votes 7 answers Share Flag
Fri Sep 4, 2009
Craig Price answered:
I can give you a value on your property, we are certified Short Sale consultants and have several multi-units for sale, one on Chestnut in Long Beach. I like that area and feel it is very good place for investors to be, so we might have someone in that area that is looking. Give me a call to discuss your income and expenses and we will explain how the process will go and what to expect. Craig 818-380-5224


... more
0 votes 6 answers Share Flag
Thu Aug 20, 2009
CCC answered:
If you want accurate information you need to talk to a Local Realtor.
In Minnesota I can set up a "daily" or faster email regarding properties in a search criteria set by buyer.
0 votes 4 answers Share Flag
Sun Aug 23, 2015
Janine Love answered:
You can contact an agent in the area, and it is easy for them to run a search fitting your criteria for a foreclosed home
0 votes 15 answers Share Flag
Tue Aug 25, 2009
Connie Bramble answered:
Hi Lazaro,
FORCED to released, No. There was a moratorium on forclosures which was lifted April 30th. That meant that bank can once again forclose on peoples homes. Since it takes a While to forclose on a property by the date you mentioned there should be a wave of forclosures coming on the market. Most banks don't want to keep REO's any longer than they have to but they can only market so many at a time. There is a lot of paper work involved and the banks just can't do they all at once! My suggestion to you is to get the home you want when you see it! Weather that be today or a month from now. Don't wait for something that may never appear for you. Just because some more repo's will be released doesn't mean they will be where or what you want! Or the right price! Get the home that fits your needs when you see it. Your heart won't lead you in the wrong direction.
Connie Bramble
... more
0 votes 5 answers Share Flag
Sat Feb 28, 2015
Jen Wetzel answered:
Hey Jasmine,

It sounds as though you have a beautiful home in a well-desired part of town. Your upgrades are also things that many people are looking for in this marketplace. I have shown many homes in this area and actually live around the corner in Waxhaw.

Are you looking to sell your home or do you just want to know the value. One way to get an idea of value is to hire a real estate appraiser who will come to your home to do the evaluation and compare the home to similar homes that have sold in the past few months. The second way is to have a Realtor pull a Comparative Market Analysis for you from the MLS.

If you would like more information about this, I would be honored to assist you. Feel free to email me at where we can talk further about your needs and plans. Hope you are having a great weekend.

Jen Mildenberger
... more
0 votes 11 answers Share Flag
Tue Nov 26, 2013
Eric Israel answered:
Eric Israel:
0 votes 8 answers Share Flag
Wed Aug 5, 2009
Missy Aaron answered:
Hi Jennifer,
Have you already found a foreclosed property you want to purchase? Yes, as long as you qualify and this is your first home purchase in at least 3 years, you should be able to take advantage of the First-time home buyers tax credit with a foreclosed property. ... more
0 votes 1 answer Share Flag
Mon Nov 9, 2009
Max Schmidt answered:
Hi Jeff,
Here are some projects pulled out of the MLS. As you can see things change with location and unit size. I would love to discuss the MANY factors that cause the changes in these HOA's but it simply would take a book to do it here on each and every project. If you would like to know more please contact me.

Master Plan Fee's $42 to $154
HOA fee's $346 to $967
Sq/Ft of units 445 to 1,243

HOA fee's $400 to $853
Sq/Ft of units 2,012 to 2,961

Golf Villa on South Shore
Master Plan fee's $539 to $917
HOA fee's $917 to $972
Sq/Ft of units 1,004 to 1,028

Master Plan fee's $51 to $264
HOA fee's $266 to $1,118
Sq/Ft of units 402 to 2,010

Master Plan fee's $215 to $540
HOA fee's $424 to $917
Sq/ft of units 1,503 to 3,442

This is an example of the spreads within different projects. It is based on information from GLVAR and is deemed reliable but not guaranteed. There are more projects in Lake Las Vegas. To extract all data would be pointless until you choose a specific project, square footage and location. In general you will pay more in Master Plan fee's if you are in the exclusive "South Shore" area behind the guard gates.
For additional information please contact me. Max Schmidt 702-334-2200
... more
0 votes 6 answers Share Flag
Tue Aug 25, 2009
Phil Anderson answered:
Yes there are! "Good" being relative, of course. Some in Portland. Some in the suburbs (Tigard, Tualatin, Oregon City, others).

Send me your criteria and I'll get you a list!

Phillip Anderson
New Portland Home
(503) 789-8701 Direct
... more
0 votes 21 answers Share Flag
Mon Aug 3, 2009
Vernon Clouser answered:
The Gainesville Market never has the Extreme Highs or lows that the rest of Florida can experience. So when things pick up, it's a gradual thing. Homes are selling and activity has greatly improved. ... more
0 votes 7 answers Share Flag
Thu Jul 30, 2009
Dp2 answered:
You're more patient than I am. I like to hear or at least receive something via email within 3-5 busyness days.
0 votes 17 answers Share Flag
1 ... 3 4 5 6 7 ...
Search Advice