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Foreclosures All Locations : Nationwide Real Estate Advice

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Showing results for Foreclosures [Clear search]
Tue Apr 9, 2013
Connie Rinaldi answered:
I believe they can as they are the new owners of that property through a foreclosure action. Along with taking possession of your home, they also got any loans on the property recorded before their Notice of Default and are now responsible for those payments owed currently and any back payments along with current and back owed property taxes. ... more
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Sat Apr 6, 2013
Leah McNamara answered:
Feel free to send me any addresses that you are concerned about, and I'll look them up for you.

Best Practices Realty
Call or Text: (210) 379-2799
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0 votes 9 answers Share Flag
Mon Aug 18, 2014
Terry Lesperance answered:

This home sold for $270,000 on 4/3/2014

It is assessed at $281,000 in 2014

Combined days on the market was 329 days

Original list price was $295,000

There was a $3,000 seller paid closing cost

A 1 year home warranty was included and paid by seller.

30 year conventional mortgage

I hope this information was helpful.

Terry Lesperance
RE/MAX Realty 100
Search ALL Homes + FORECLOSURES Instantly At
Know of Anyone Behind On Their Mortgage Have Them Visit
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Sun Dec 22, 2013
Abby Nelson answered:
The internet is not always correct in reporting the foreclosures. I live in the Ballantyne area and at the moment I am not seeing a lot of foreclosures. If you are referring to commute time to uptown Charlotte, you are looking at about 20-30 minutes in traffice. Give me a call or email me. Would love to tell you more about the area.

Abby Nelson
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0 votes 7 answers Share Flag
Sat Mar 15, 2014
Jane Peters answered:
There is not enough information to answer this question intelligently. The only time a seller or their agent is exempt from the TDS is if it is an REO or a probate, but even then I believe it has to actually be provided with the exemption status on it. If it is a regular sale the seller is obliged to provide a TDS with the listing agent's signature on it and the buyer and buyer's agent also sign. This is supposed to be provided before the inspection so the inspector can check out any information of concern on it. But again, there is not enough information here. ... more
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Mon Apr 8, 2013
Myra Jill Barker answered:
We have many lakes in my area and inexpensive foreclosures. We are about 30 minutes from the Atlantic Ocean.

Call if I can be of help.


Myrajill Barker
0 votes 2 answers Share Flag
Thu Apr 4, 2013
Meg Sahdala answered:
If you are asking these questions and having a real estate purchase in mind please contact me directly at or call me at 305.877.2880. These are too many factors to consider and it is a very wide question. A lot has changed within the last 5 years... ... more
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Wed Apr 3, 2013
Javier Meneses answered:
This is one of those questions were there is no definitive answer. Depending on the specific market we're talking about, I would say that foreclosures tend to move fast enough. I find that most buyers are looking for a bargain, and sometimes they're looking for foreclosures. So the demand is there!

Aside from the limitations and regulations on how most of these mortgage servicers and lenders can foreclose properties and place them on the market, lenders are and always will seek to sell these units as fast as possible. They are not in the business of managing properties or selling them. So the faster they are able to get them sold and off their books, the better.

If my response was helpful, consider clicking BEST ANSWER!

Javier Meneses
Senior Loan Officer
NMLS #23130
310 Crossways Park Drive
Woodbury, NY 11797
(516) 606-9648
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Fri May 31, 2013
Rob Flitton answered:
I was a Land Develoepr for 25 years prior to being a REALTOR - for a highly trained specific answer, please CONTACT ME ----->
0 votes 6 answers Share Flag
Mon Aug 26, 2013
stephen webber answered:
Hey New Casa

USDA is zero down, VA zero down and many states officer assistance and grants to help with the down payment required by FHA and conventional loans.
Suggestion for you; gather up all the information you can and than find yourself an experienced ethincal loan officer who works for a lender that offers all of the loan types.
You will find an artilce on no money down loans at and an artilce, Consultation Interviewing Loan Officers. Also be sure to read about the MCC tax credit.You will also find a link to your states grants and assistance.
After you have gathered all of your information you will find loan officers and real estate agents in your area on Trulia offering their services. A very good source.
Best of Luck, Stephen
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0 votes 17 answers Share Flag
Thu May 2, 2013
Lance King answered:
This is called staging, and it absolutely does make sense. Buyers often have little imagination, and properties that are staged will sell for more than a similar property that is empty.
0 votes 12 answers Share Flag
Wed Apr 3, 2013
Gina Loebell and Jan Thompson answered:
This property has been listed three times without selling. The public records still show the former owners, not the bank who owns it now. Many times foreclosures (REOs) are administered by asset managment companies who coordinate listings with real estate agencies, so the agents do not even deal directly with the banks, and banks will rarely deal with private individuals as purchasers. Likely this will either be relisted or will be put on an auction site. The last listing expired on 3/22/13, so keep watching. Hope this information is helpful. ... more
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Tue Apr 2, 2013
Meir Aloni CRS, CDPE, RECS asked:
The percentage of U.S. residents who say owning a home is an essential part of t ... for CNBC. “Home prices up, foreclosures down and, perhaps the most important, consumer confidence in ...
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Mon Sep 23, 2013
Geoff Ommen answered:
You may have built a great home, but the appraisal is going to dictate the maximum you will be able to sell it for. The details you have provided tell a lot, but there is more that needs to bee seen. Alsip has had 26 single family homes close in the last year. There have only been 2 homes that have closed at over $100/sq foot, so the odds of an appraisal coming in at $130 are low. That being said, the only way you could get a more accurate answer is by having an agent do a Comparative Market Analysis.

Geoff Ommen
Broker Baird & Warner
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Tue Apr 2, 2013
Keith Jean-Pierre answered:
I would suggest contacting the listing agent if you do not have your own agent.
0 votes 4 answers Share Flag
Fri Sep 27, 2013
Gene Neal answered:
Are you putting down 20%? Are you willing to repair the property? It depends on your risk tolerance. Some deals are available however the property may need massive work.
0 votes 10 answers Share Flag
Sun Jul 14, 2013
Catherine Purcell answered:
Hello Britt,

There have been instances where the bank does not move towards recording the deed in their name because they don't want to be responsible for the taxes on the property. Even though the banks went through with the foreclosure proceedings, it doesn't mean that the foreclosure actually went through...and, it would appear if the deed was not recorded in the new owner's name that there may have been some issues with the foreclosure not being completed properly.

Unfortunately, there were over 30 million home owners who were caught with upside down values on their homes - thus the great amount of foreclosures and short sales on the market today - they are a result of the 2004, 2005, 2006 boom and the 2009 crash in the market.

Hope this helps!

Catherine Purcell
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0 votes 2 answers Share Flag
Wed Jun 10, 2015
Rodney Mason answered:
Once the property is ready to be sold, SunTrust will assign the property to one of their Lisitng Agents. At that time, your Buyer's Agent wold be able to submit an offer for you.

When it comes to REO properties, you must wait until the property is actually listed for sale. REO departments of mortgage companies will not talk to or entertain offers from individual buyers. You would have to have Buyer’s Agent represent you in the transaction. All offers to purchase an REO property must be submitted by the Listing Agent assigned to the property.

There is a set process that every REO seller has and uses for each and every property that have. Generally, an REO property will not be listed for sale when there are pending title issues. Also, the seller may be planning to make repairs to bring the property up to minimum property standards so that a buyer can obtain a mortgage. Sometimes, the seller will hold the property off of the market when there is a surplus of inventory. Doing so prevents further depression of the housing prices. There could also be an eviction that needs to take place. Very often, the property could already be assigned to a Listing Agent, but just not quite ready to enter into MLS and place the For Sale sign on.

If you are looking to purchase a property, working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
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Sat May 11, 2013
KK German answered:
Hi Amanda,

Almost 100% of the time it's better to have your own agent. It does not cost you, the buyer, to have your own agent. If I am working for a buyer I seek my compensation from the seller, which is normal.

That said, she should have kept your number and contacted you, so truly she did drop the ball and there is nothing more you could have or should have done, except to perhaps get her number and call ever so often to drive home your interest.

Contact me if you're looking for the perfect agent. :)

Best of luck! KK German, Wainwright Real Estate, 757-714-2335
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Tue Apr 2, 2013
Rebecca Utermohlen answered:
Yes, I can help you if you provide me details on what are looking for! Feel free to contact me, my information is below:

Rebecca Utermohlen
Coldwell Banker Realty Corp
Office: 215-855-5600
Cell: 215-896-1935
... more
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