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Foreclosure in 01105 : Real Estate Advice

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Activity 6
Tue Apr 20, 2010
Carrie Touchette answered:
Hi Maria-

I'd love to talk to you more about this property. Please call me 413-248-7653 Carrie Polci
0 votes 3 answers Share Flag
Fri Sep 4, 2009
Keith Manson- Metro Milwaukee Wisconsin answered:
There are money reasons why people take there homes off the market:

. tired of keeping there home clean for people to come look at it
. tired of people coming at all times to look at home
. tired of having to leave their home when other come to look at it
. finding no interest in their home
. the home is not worth what they thought it was worth
. they are in the process of foreclosure and have given up
. They need a break from the marketing of their home and want to enjoy their home with out the distractions
. the job situation has changed
. the people decided not to trasfer to a new location with their company

I am sure there are lot more reasons, but this will give you an idea.

Keith Manson
First Weber Group
Certifed Distressed Property Expert
... more
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Fri May 29, 2009
Tom Winand answered:
Sound fishy was it listed and do you have an agent? If the answer is yes to both get your agent to check with a title company to see if a warranty deed was recorded if not it didn't sell. If you made the mistake of making your offer with the listing agent then call them and ask them the status of the property. They should be able to tell you. The listing agent should be contacted with the question of what the status of the property is. It shouldn't be too hard to find out want the status is. If a property sells it has to be recorded. Get another agent not the listing agent involved is probably your best course of actions.

Now with that said sometimes if there was an IRS tax lien involved they have to wait 120 days from the trustee’s sale if your a trust deed state to record the sale, because the IRS can come in a void it. All this should be easy to find out. Most MLS have requirement to disclose the sale price and date to other agents. If you’re a judicial foreclosure state I have no idea how that changes it.
... more
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Thu May 28, 2009
Cynthia McKenna answered:
Hi Sophie:
The first step is that the home is in preforeclosure. The house may or may not be for sale during this time. If the home can not be sold, or the homeowner wishes to take it to foreclosure, then the home is sold at auction on the steps of the court house. Most times, the bank buys the house back. At that point, an agent is sent to the property in order to determine occupancy. If the property is found to be unoccupied, the home is cleaned and placed on the market.
If the property is occupied, then the eviction process is started. This varies by state law.
Once the property is on the market, the bank is looking for the highest dollar amount that they can get. This is usually determined by an appraisal or a broker price opinion.
There are many factors that determine how much a property is going to sell for. The bank has a certain leeway in the price before it has to go to a supervisor and/or investor for approval.

Good luck in your search!
... more
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Thu Jun 4, 2009
Dana Schuster answered:
You can submit any offer you like,but need to be aware that lenders usually receive multiple offers on foreclosures & will go with the best & highest.
0 votes 19 answers Share Flag
Sat May 9, 2009
Dallas Texas answered:
Your best resource with current update foreclosure lists contact a local real estate agent who can work with your specification, lender approval. Realtor can place you on automatic email alert once a foreclosure hits MLS you are emailed ASAP. FREE, other websites you are correct outdated, not current, not factual, posting in MLS realtors have post accurate info, than loss leaders. ... more
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