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Foreclosures All Locations : Nationwide Real Estate Advice

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Showing results for Foreclosures [Clear search]
Walter 'Skip'…, Real Estate Pro in Brea, CA
Mon Oct 6, 2014
Walter 'Skip' Kersten answered:
IMO the reason to buy now is interest rates. They currently remain near historical lows. With the economy improving there is talk that the Fed will have to begin to raise rates some time in the future. It is best to lock in 30 year money now.
Good luck,
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0 votes 27 answers Share Flag
Kevin Yankow, Real Estate Pro in Fort Myers, FL
Wed May 1, 2013
Kevin Yankow answered:
Distressed sales (REO and Short Sales) will require either proof of funds or pre-approval letter from a lender. FHA, VA, or any other conventional lending program should make no difference. I'm currently working with several buyers purchasing foreclosures or short sales and would love to answer any more questions you have. Feel free to call or email anytime.

Kevin E Yankow
KEY Real Estate, Inc.
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0 votes 8 answers Share Flag
Frank Coxx, Real Estate Pro in Indian Trail, NC
Thu Jul 23, 2015
Frank Coxx answered:
3.5% of sales price...if you are doing a HUD home it is $100 down...
0 votes 11 answers Share Flag
Richard Tayl…, Real Estate Pro in Annapolis, MD
Sun Apr 7, 2013
Richard Taylor answered:
Houses are not put up for sale on the day of foreclosure nor is the bank required to put them up for auction. Sometimes the LA will put up a sign in advance of the MLS listing, but not always. If you have a real estate agent who has a MLS automated search in place for you, you will see whatever comes on the day the listing agent puts it in the MLS. You cannot rely on the "various real estate websites" to have information as current as the MLS. The MLS is where they get their data.
If you would like, I can create a search for you and/or find out details of the house in question. Contact me at

Rich Taylor 443 710-7871
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0 votes 4 answers Share Flag
Bruce Lynn, Real Estate Pro in Coppell, TX
Wed Apr 3, 2013
Bruce Lynn answered:
You want to check with your realtor about this.
There is no contract if you didn't sign the amendment.
Sounds like you are trying to buy a foreclosure.
If that is the case, chances are if you don't sign the amendment there will be no contract ever.
It will change the buyer friendly contract to a seller friendly contract, but they will likely accept no less.

Of course we are guessing here.....we don't have enough details.
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0 votes 7 answers Share Flag
Benny Smith, Real Estate Pro in Pittsburgh, PA
Mon Apr 8, 2013
Benny Smith answered:
My office is in Mt. Lebanon, There is nothing in that area we cannot handle.
0 votes 2 answers Share Flag
Kevin Rathbu…, Real Estate Pro in Naples, FL
Tue May 7, 2013
Kevin Rathburn answered:
Hello Pamea Valanzola,

Pending with Contingencies is the same regardless of condition of sale method. A Contingency is usually a satisfaction of Inspection or finance/mortgage. There are many other Contingencies as well.

Another offer can be presented but can not be agreed to as the property is under contract. The contract would in second position or third etc as the case may be.

Feel free to contact me directly if I may be of further assistance.

Kind Regards, Kevin

Kevin Rathburn, Realtor
239-269-4575 Direct Line Integrity-Diligence-Innovation
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0 votes 9 answers Share Flag
Matt Wise, Real Estate Pro in Cape Coral, FL
Thu May 23, 2013
Matt Wise answered:
There are foreclosed condos. But maybe not with the criteria you are using. You can e-mail me with what you are looking for, and I can set you up on a search. .

Matt Wise
C21 Sunbelt Realty, Inc
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0 votes 8 answers Share Flag
Johnny Willi…, Real Estate Pro in San Antonio, TX
Thu Apr 18, 2013
Johnny Williams answered:
We look forward to welcoming you & your family to the great city of San Antonio. There are tons of areas that are located near shopping, schools etc.

Feel free to contact me & I would be more than happy to assist you find the perfect home for your move.

Best Regards,

Johnny E Williams
(210) 858-7899
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0 votes 14 answers Share Flag
Sari Levy, Real Estate Pro in Addison, IL
Thu Apr 4, 2013
Sari Levy answered:
Often the properties are rented when they are on the market. That's the best scenario because it tells you exactly what the market value of the rents are. You should get a rent roll that will help you confirm the rents.

If they are not already rented then you need to really study the area rents.

Make sure you are working with a realtor that is financially savvy so that they know how to evaluate the opportunities. Because Lakeview is so popular the returns are often lower there on investment properties.

If you would like to discuss further you can call me at 312-738-0232 and I can tell you about our commission sharing program that can be worth thousands of dollars to you.
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0 votes 7 answers Share Flag
BJ Tregoning, Real Estate Pro in Chicago, IL
Tue Apr 2, 2013
BJ Tregoning answered:
Jennifer Pet…, Real Estate Pro in Portland, OR
Sun Apr 21, 2013
Jennifer Peterson answered:
According to housing inventory stats, a balanced market is 6 months of inventory. Average inventory levels in the Portland Metro area are much lower, which puts the market as a seller's market. However, it is still a great time for buyers since prices are still very low and interest rates are also low at the same time!

Mandy Lewis
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0 votes 9 answers Share Flag
Shanna Rogers, Real Estate Pro in Murrieta, CA
Tue Sep 3, 2013
Shanna Rogers answered:
Hi Julie,

Since you're the buyer, your agent can't contact Chase - only if your agent is also the listing agent. Chase will only talk to the seller and their agent (the listint agent). Now, if your agent is also the listing agent, have them contact the negotiator at Chase every week if they're not hearing anything. If your agent is NOT the listing agent, have your agent contact the listing agent weekly and ask them to contact the negotiator at Chase.

Shanna Rogers
SR Realty
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0 votes 11 answers Share Flag
Denny Hebibo…, Real Estate Pro in Las Vegas, NV
Mon Apr 1, 2013
Denny Hebibovich answered:
Hi phillyfan,

below is my contact info, you can call me or email me your email address to discuss in details.
I'd be glad to assist you.

Warmest regards,

CELL: 702-241-6110
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0 votes 6 answers Share Flag
Deborah Madey, Real Estate Pro in Brick, NJ
Sat Jul 6, 2013
Deborah Madey answered:
A property that is included in a public information database and identified is the subject of a legal proceeding, with a lis pendens filed. Because there is a legal proceeding, does not mean that the property is for sale. The amount that you see listed is the amount in identified in the legal proceeding. Many properties which have lis pendens filed will not be sold at this time. In many instances, the property owners will resolve the legal issue and retain the property. If it going to be offered for sale, the amount of the lis pendens does not reflect the price at which a property will be sold.

If a property has been foreclosed upon and ordered for sale by the sheriff at auction, the price listed is the opening price. It may be bid up from there.
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0 votes 4 answers Share Flag
Danielle Sha…, Real Estate Pro in Cape Coral, FL
Mon Apr 1, 2013
Danielle Sharp answered:
What are you trying to negotiate? Sales price? Repairs? Commission?
0 votes 11 answers Share Flag
Alex Vargas, Real Estate Pro in Irvine, CA
Thu Feb 13, 2014
Alex Vargas answered:
Morning Mark,

Thanks for the question.

As far as I know you can use a VA loan on any property as long as your client and the house qualifies for it. It's up to the seller of that home to accept whatever offer they deem is the best.

Hope that helps.


Alex Vargas
(714) 269-8775 Mobile
DRE# 01332235

Weichert Realtors
Ladera Ranch, Ca 92694

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0 votes 21 answers Share Flag
Johnny Willi…, Real Estate Pro in San Antonio, TX
Sat Apr 6, 2013
Johnny Williams answered:
It would be my pleasure to assist you in finding the perfect home here in San Antonio.

Feel free to contact me at (210) 858-7899 or email me

Best Regards,

Johnny E Williams
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0 votes 8 answers Share Flag
Angela Stoley, Real Estate Pro in Harrisville, MI
Mon Apr 1, 2013
Angela Stoley answered:
Banks are looking to get their money upfront.Land contracts are still acceptable to some sellers,but not to the foreclosures.Sorry this is not an option for foreclosures,but there are some really great properties on the market now allowind seller financing.I will be happy to send you some to view via email.Let me know what area you would like.Thank you.Have a great day. ... more
0 votes 2 answers Share Flag
Laura Feghali, Real Estate Pro in Stamford, CT
Mon Apr 1, 2013
Laura Feghali answered:
The bank does not own this property but has started foreclosure proceedings on the current owner. The listing states that it is in pre-foreclosure so the owner still has time to make up delinquent payments or sell the property to avoid foreclosure.

Best wishes!

Laura Feghali
Prudential Connecticut Realty
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0 votes 2 answers Share Flag
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