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Foreclosure in 11218 : Real Estate Advice

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  • Local Info2
  • Home Buying18
  • Home Selling4
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Activity 79
Thu May 2, 2013
Mitchell Feldman answered:
Dear Earthchld1:

Assume you will never get it back and move on. At least you have internet access, some poelpe do not even have that. Always look at the bright side of life and live life with vigor and vim.

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 7 answers Share Flag
Mon Mar 11, 2013
Alison Hillman answered:
Hi there-

I would recommend working directly with an agent: http://www.trulia.com/voices/directory/Brooklyn-agent--7168

Hope this helps,
Ali, Community Manager
0 votes 2 answers Share Flag
Fri Mar 8, 2013
asanmoogan asked:
0 votes 0 Answers Share Flag
Fri Aug 23, 2013
Michael Cheng answered:
Sun Jan 13, 2013
Michael Cheng answered:
Trulia, your question is making less sense than usual. You can file for a deed-in-lieu with your lender. It's not anything you can get.
0 votes 3 answers Share Flag
Thu Jun 13, 2013
Barbara Ann Rogers answered:
Hi Mary,

In actuality, there are very few true foreclosures in NYC, and very many false ads on Trulia that ask you to pay money to find out the full details on these foreclosures - that don't exist.

Personally, I don't think a true foreclosure is a good idea for anyone, first time buyer or not. Regardless, you're putting people out of their home.. REO (real estate owned) is a better way to go - those are banks that have already seized the property and thrown people out, but the properties are usually in bad shape.

Where are you looking for and how much is your budget? I specialize in first time buyers. Contact me and let''s talk.
... more
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Wed Nov 7, 2012
Anna M Brocco answered:
Keep in mind that RealtyTrac's information may not always be accurate and oftentimes can be misleading--you could be looking at a lis pendens property--notice of default--some of those properties may not be for sale yet, and some may never be, if the default is satisfied by the owner. If you are interested in foreclosures, work with an agent, as most do end up being listed by a broker--he/she will have access to reliable information--also don't overlook traditional sales as some may turn out to be a much better bargain than some of the foreclosure properties. ... more
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Sun Sep 30, 2012
Luke Constantino answered:
Hi Natalia,

Sure thing, the list is in the mail.

Luke Constantino
0 votes 1 answer Share Flag
Thu Oct 4, 2012
Javier Meneses answered:
Simple. Link up with a Realtor in Brooklyn and ask them to provide a list of available short sale listings.

Javier Meneses
NMLS #23130
Sterling National Bank
jmeneses@snb.com
(516) 606-9648 ... more
0 votes 6 answers Share Flag
Fri Oct 12, 2012
Alison Hillman answered:
Hi there!

Have you found an apartment yet? Take a look at the listings here on Trulia: http://www.trulia.com/for_rent/NY/Brooklyn,5274,Williamsburg/#for_rent/5274_nh/0p_beds

Hope this helps!

Ali, Community Manager
... more
0 votes 1 answer Share Flag
Sat Aug 25, 2012
Trevor Curran answered:
Good afternoon Melissa,

I've been helping First Time Buyers for 23 years as a mortgage professional and I will tell you what I have always told my clients here in New York: If you are a First Time Buyer, steer clear of foreclosures and short sales.

Foreclosures are someone else's headache. The home probably has not been well-maintained and you're a First Time Buyer adjusting to paying a mortgage. Do you really want to walk in the door to someone else's deferred maintenance that YOU will have to pay for? Also, if you're thinking there are deals to be had in terms of lower prices, mostly those "deals" go to professional investors who can pay cash, negotiate hard with a Lender, and close fast.

For Short Sales, my attitude of late is that First Time Buyers should steer clear. Short Sales tend to be a better deal for the homeowner than for the Buyer. You'll wait MONTHS for the homeowner's Lender to approve the short sale; maybe as long as Six or Seven Months. Meanwhile, you're stuck in a contract to buy that home. I closed a short sale recently with a Buyer who, after seven months said this at the closing table, "I don't even want this house anymore."

And he didn't even get the "deal" on price he thought he was getting! The house appraised for only slightly more than he paid for it at the short sale price. He walked into this deal thinking he was buying a home for $100,000 less than it's value. In the end that wasn't the case.

There are plenty of motivated Sellers with their homes listed on your local MLS. Go find a good Local Mortgage Banker, get prequalified, then find a great, experienced Realtor, and buy the home you want at the price you're willing to pay. It's a Buyer's Market, after all!

Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
185 Great Neck Rd, Suite 240
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services
NMLS#3528
... more
0 votes 1 answer Share Flag
Sun Aug 19, 2012
Mitchell Feldman answered:
Dear lindamurray425:

You posted this questions as if the property is located in Brooklyn New York (zip code 11233). Did you make a mistake on the zip code, there is no street in Brooklyn called "Old Oak Drive". If I can be of further assistance please let me know. Good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 2 answers Share Flag
Wed May 3, 2017
Anna M Brocco answered:
For accurate advise, and in order to best protect yourself, you really should be consulting with an attorney who specializes in real estate....
0 votes 34 answers Share Flag
Mon Jun 18, 2012
Anna M Brocco answered:
Due to privacy reasons, unless it's bank owned, not sure an owner's name will be posted on an online public forum; you can however check local public records, tax records, ask any local agent offline... ... more
0 votes 1 answer Share Flag
Mon Aug 6, 2012
Madeline Padovano answered:
Hi Nicolel
send me your direct email and I will forward what we have for your consideration.
what is your end use for the office space? What is your price range?
madelinepadovano@fillmore.com
718-332-8800
... more
0 votes 4 answers Share Flag
Tue May 22, 2012
Jack Menashe answered:
I have a number of REO properties in East NY and surrounding areas...
Please advise when you would like to schedule a visit.

Regards,
Jack Menashe
917.797.0215
Jack@sherestates.com ... more
0 votes 2 answers Share Flag
Fri May 11, 2012
Candace Breen answered:
0 votes 3 answers Share Flag
Wed Mar 14, 2012
Terry McCarley answered:
It is public record - if the lender already filed foreclosure just check with the Clerk of Courts
0 votes 3 answers Share Flag
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