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Foreclosure in 11205 : Real Estate Advice

  • All21
  • Local Info3
  • Home Buying7
  • Home Selling2
  • Market Conditions1

Activity 79
Thu Mar 26, 2009
Mitchell Feldman answered:
Dear Elizabeth:

Tell your freinds to speak to a landlord/tenant attorney ASAP. That is the best thing for them to do. They do have certain rights, but ultimately they need the advice of an attorney.

If need be contact me and I can provide you with a good attorney that can help them.

Mitchell Feldman
Associate Broker
Madison Estates & Properties, Inc.
Office: (718) 645-1665
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Sun Feb 22, 2009
Karen asked:
I have a vacant 2 family brownstone in Bed-Sty going through the slow foreclosure process... waiting for it to go up for auction.Stage of foreclosure-a referree was assigned i...
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Wed Jan 28, 2009
Dallas Texas answered:
I would believe that the 1st mortgage is satified then another other liens, including taxes clear title. A title company best resource discuss more of particulars.
0 votes 2 answers Share Flag
Wed Mar 4, 2009
MAP1922 answered:
Fatou, I am a bankruptcy attorney located in Manhattan and have experience in foreclosures. I also own Weichert Realtors Peters Associates in Mid-town.
If we can be of service to you, please contact our office at 212.461.4240.
Best wishes,
Michele Peters
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Sun Dec 21, 2008
Dallas Texas answered:
If you have a lender involved with could be penalities, confer with all contracts you will sign.
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Tue Jun 19, 2012
Manu Kapoor answered:
Dear Hasan,
You could email or call me with more on what type of property you are looking. 1,2 or 3 fam, pvt drive, new construction, etc...
We r handling short sales & might hv some thing in right price point for u.

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Mon Sep 15, 2008
Jolie Muss answered:
This is a legal question which we can't answer. I would ask an experienced NY Real Estate lawyer and I would be glad to send you a list of a few, if you email me about it.. You might ask our colleague on Trulia, Joseph Ferrara, who is an Real Estate attorney ,a broker and a Trulia Top Voices in New York, NY. What about asking your broker,as you are also an agent? ... more
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Tue Jun 19, 2012
Vicky Chrisner answered:
you need a lender and an agent. please contact me directly if you'd like me to refer you to some agents i work with in your area.
0 votes 7 answers Share Flag
Mon Jun 15, 2009
Nervous answered:
Obviously, if they foreclosed on you, that means you weren't paying them money that was rightfully theirs. I'm pretty sure you knew that you weren't paying them so this foreclosure shouldn't have been a surprise. If you dont pay, the mortgage contract states that they get the house. You broke the contract - they got the house. You're too late to do anything now unless your state has a redeption period and you have cash on hand to pay back everything you owe including late charges and lawyer fees.

Your tenant has probably about 30 days since they/you could force the new owner to formally evict them in court. Your tenant might also make some money off this ordeal if the new owner offers them cash to get out now, which is becoming customary.

I really hope you weren't taking money from the tenant and not forwarding it to the bank to pay the mortgage...I wonder if your tenant would have a legal claim against you if this were the case...
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Sat Jun 7, 2008
Robert McArtor answered:
In Maryland, the property has to go to foreclosure if the owner is unable to re-instate the mortgage or will not file Bankruptcy. We have a website where you can look up legal cases by the debtors last name. You can find out if there was a notice of foreclosure, etc. ... more
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Tue May 27, 2008
Don Tepper answered:
If you have an address, the city or county tax records will show the owner.

If the house is listed, any Realtor in that immediate area should be able to pull the house up on the MLS.

If you have neither a listing number or an address, contact the site's webmaster and ask how to get that information.

However, one additional point: You don't need the lender's information at this point. If you want to deal direct with the owner, that's fine. Do so. The owner can tell you who the lender is.

Hope that helps.
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Wed Jul 29, 2009
Henry Cunalata answered:
Hi Dave, how are you? I'd like to get to know a little better what it is you are looking for in a building (How many families, downpayment amount, max loan amount likely to be approved.

Please contact me and we'll get started

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Fri Mar 7, 2008
Gerry Vazquez answered:
Cherry, Are you working with a realtor? If not, let me know and I'll put in touch with someone that will serve as a terrific resource for you in your search and purchase. Gerry
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Tue Jun 19, 2012
Mark Payne answered:
Fri Mar 7, 2008
Lanre Folayan answered:
Absolutely. It is still a buyers market. A lot of the homes currently on the market that is for sale is priced lower than what they should be selling for. So you are getting a bargain. And with interest rates still low,it even makes it much better for you to buy right now. With spring approaching and the market just about bottomed out,you want to buy now before prices start rising again. But before you get preapprove,please prequalify yourself first. Whatever you are paying for rent,please add an additional 40% to it. That will cover gas,electricity,water,home insurance,property tax and other minor maintainance that might need to be done around the house. If you looking to purchase a home or want a list of homes in your area,please don't hestitate to register on my website to receive a list of free homes in your area. Good luck. ... more
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Sun Jan 6, 2008
Emily Erekuff answered:
Hi Brendon,

I recommend that you review our Member Search results for Brooklyn with the keyword 'foreclosure' at the link below. You can easily browse the questions and answers posted by the members listed to get a feel for their expertise and personality.

Best Wishes,

Emily Gibson
Customer Service Representative
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Tue Jun 23, 2009
Robert Kroon answered:
Generally speaking the best place to look for foreclosures would be in the area you are interested in.

Any national search / hookup would not be as up to date and informative as a local listing of foreclosures.

Normall, all foreclosures must be published in the local area ( county ?) where the property exists. In our home county the notices are published in the regularly published legal papers. Some services will do the looking for you and offer the results for a fee.

Good Luck !
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Wed May 9, 2007
Lana Headley answered:
There is a big difference when you work for agents like me versus looking at For Sale By Owners or foreclosures. With forclosures you have to purchase the property as it is being sold as. Without knowing if there are any Liens or structural problems with the property. Also you have to pay a percentage of the sale price at the auction and then the balance has to be paid within 30 days. Keeping in mind that you will win the bid for the particular home. At least with working with an agent like me, I would search the inventory of homes that suit your requirements and everything is done in a more orderly step, where I explain what is involved and not rushed process like the foreclosures. I show my buyers the best from the inventory of listed properties in the neighborhood that they are looking for. ... more
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Tue Aug 19, 2008
Sonni Woodbury answered:
The benefits of including FSBO's are that you are looking at the largest set of possibilities. The disadvatage is that FSBO's are not experienced home sellers, resulting in a bumpy and sometimes unsuccessful, transaction. The buying process with FSBO's is different from buying a home represented by a Realtor in one important way: There is nobody to talk to except the Seller. Often in a real estate transaction, there are bumps in the road. delaysandings, and the like. The Realtor is looking out for those and smoothing them (where possible). Also, the realtor can call any player in the transaction. The buyer or seller does not have the same level of access. As a realto, I can call the buyer's mortgage broker and question them about the state of the loan application. The seller really cannot. ... more
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