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Foreclosure in 14228 : Real Estate Advice

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  • Local Info1
  • Home Buying1
  • Home Selling2
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Activity 17
Mon Jun 18, 2012
Tim Moore answered:
If you converted the 2 lots to 1 lot and now want to sell part of that one lot, then NO you can't because it now is legally one lot. You would have to split it back to be able to sell part of it and I doubt the bank would allow that. If you are talking about selling a totally different lot that is not apt to go into foreclosure, then yes you could. ... more
0 votes 6 answers Share Flag
Wed Jun 13, 2012
Joe Sorrentino answered:
Call your attorney. You can e-mail me or call/text me for a private conversation.
0 votes 6 answers Share Flag
Sun Mar 11, 2012
Linda Lorenzo answered:
I have seen this question seveal times here. I think if you just search this site you may find some information that will be of help.
0 votes 1 answer Share Flag
Thu Feb 10, 2011
Dawn Toledo answered:
Nothing...just have proof of funds and contact us..we are your connection to investment property in the Buffalo/Niagara falls area. we are adding more and more properties every week...starting at 10k to 91k(4unit) or more ... more
0 votes 2 answers Share Flag
Wed Jun 2, 2010
Scott Godzyk answered:
It is unusual, you can either try and contact them yourselves for an update or have ana ttorney act on your behalf.

At this point if you call your mortgage company/bank and ask for the home retention department. Ask them if there is anything they can update you on and what can they do to asist you keep your property. By telling them things will improve in the future you open yourself up to futuyre collection is they foreclose.

They work in "today". Can you pay today, what can you pay today and so on. You may be able to arange a payment reduction and they have programs for owners under water.

good luck with working things out
... more
0 votes 2 answers Share Flag
Tue Feb 2, 2010
Robert Greenblatt answered:
Hi Kh. That depends on what is creating the score. Is it a lack of credit? Collection accounts? Too many inquires? Late payments? Lot's of factors are invloved in calculating your credit score. The best thing to do is have an expert review the details and advise you on the best course of action.

~Robert Greenblatt
Keller Williams
Cherry Hill, NJ
... more
0 votes 5 answers Share Flag
Wed Jan 27, 2010
Fjramo16 asked:
Sun Jan 3, 2010
Jeff K answered:
Hi Ms A,

Sorry to hear about these troubles. I am NOT a foreclosure lawyer. Certainly, the water company can place a LIEN on the home for unpaid services (water and/or sewer). I have never heard of a foreclosure initiated by a utility company. Foreclosures are usually initiated by a bank, where the mortgage (or 2nd morgage) is not being paid for several months in a row.

I''m guessing you are asking for your parents or other family members? What I would recommend is that you have a FREE consultation with a lawyer that may provide better advice on this. It sounds like they may have a case for "hardship".

Good luck!
... more
0 votes 3 answers Share Flag
Tue Oct 6, 2009
Fred Griffin answered:
Please see a Real Estate Attorney for Legal Advice, and for specific answers to your questions.


The First Mortgage or Superior Lien Holder is Paid Off.

If there are funds remaining, then the Second Lien Holder is Paid Off.

Then the Third, and so forth, until the money runs out.

Bear in mind, that in addition to Mortgages and Home Equity Loans, there may be Unpaid Property Taxes, IRS Tax Liens, Mechanics' Liens, Legal Fees, Homeowners or Condominium Association Liens, Zoning Code or Building Code Violation Fines, and other Financial Claims against the property.

The Court (maybe a Judge, or perhaps a Clerk of Court or other Official, depending upon the State) will usually determine who is "First in Line" to get paid.

If there is money left over after the Liens and Court Costs are paid off, any remaining balance usually goes to the former owner (the person who was foreclosed upon).

If there is a Shortage (not enough money for all Lien Holders, Plaintiffs, and Claimants to get Paid), then the owner who was foreclosed upon may face Civil Lawsuits, Judgments, Garnishment of Wages or Seizure of Other Assets by Government or Tax Authorities, and other continuing efforts to collect the Unpaid Debt.

*** It is imperative that anyone who is facing Foreclosure seek the Counsel and Advice of an Attorney ***

Best wishes,
Fred Griffin
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0 votes 3 answers Share Flag
Thu Aug 20, 2015
Don Tepper answered:
It varies, depending on a number of factors. How large is the property? What condition is it in? And more specifically, how long will it take to clean?

The way someone SHOULD price a cleanout service is by first determining how long it'll take. Let's say it'll take 20 hours. Obviously, that depends on size and condition of the property.

The second step is to calculate the value of your time, or the time of the people who'll be cleaning it. Let's say you value your time at $15 an hour.

You multiply the time by the labor rate. In this case, you'd come up with $300.

Then you add in overhead. That's the time you have to spend getting a job, as well as the paperwork and other non-revenue items. For many cleaning-type services, direct labor is about 70% of the total charged. So about 30% is overhead. So, adding in overhead, you're up close to $400. Your overhead will vary, but don't underestimate it.

You might want to adjust your numbers up a bit, depending on market conditions. Never adjust them down. You'd be cheating yourself--working for less than what you've determined to be a fair hourly wage, or working extra hours for free. Don't do that. But let's say, in this scenario, you're at $400. How urgently does the property need to be cleaned? The price might go up some. Or how busy are you? If you're already stretched thin and you'd have to squeeze this job in, or hire extra bodies at above your average rate, the price could go up.

That's the basic approach.

Here are a couple of additional resources:

Hope that helps.
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0 votes 7 answers Share Flag
Sun Jan 25, 2009
Ralph Windschuh answered:
Usually the HUD houses are for owner occupant for the first 10 days and then their open to everyone else. If you have difficulty finding a HUD-approved broker, please let me know. My company is approved.

Ralph Windschuh
Century 21 Princeton Properties
... more
0 votes 3 answers Share Flag
Sun Dec 7, 2008
Joanna Lane answered:
If and when the present owner wants to sell the property, a new title search will be needed. Yours is out of date now and the deeds are a matter of public record, accessible to anyone who is sufficiently interested to take the time to search County Records. I would think your documents have very little value to the current owner, if any, since he wasn't sufficiently interested at purchase to have a title search done, what makes you think he would be any more interested now? Since you have no use for them, why not just give them to him? ... more
0 votes 2 answers Share Flag
Sat Nov 22, 2008
Joe Suppa answered:
Go to the City web site and will have the name of the last few owners....
go to property information on the left hand side of the main page.
0 votes 1 answer Share Flag
Sun Jan 3, 2010
Andrea Pratt answered:
Why are you Looking in the Buffalo area? go to my web site
0 votes 4 answers Share Flag
Sat Nov 22, 2008
Joe Suppa answered:
The Buffalo law journal..., thats the bottom feeders handbook. Sales everyday at the County building.
0 votes 2 answers Share Flag
Sun Nov 23, 2008
Gail Gladstone answered:
In today's market, if you can put 20% down, mortgage is almost a no brainer (if the property appraises properly).

Foreclosures are not necessarily your best purchase...banks want their pound of flesh. The best deals I have seen out there are known as short sales...that's what you should be looking for.

As a college student, I would purchase a home and rent rooms (roommate?) to other students to help defer the costs and have your investment when all is said and done. It beats the heck out of dorm fees and apartment rentals.

Give me a call if you wish to discuss any further...will be happy to consult (complimentary).
... more
0 votes 9 answers Share Flag
Fri Jan 4, 2008
Mark Palace answered:
Contact Michael Olear at
Mark Palace, CEO/Founder
Palace Properties International, Inc.
0 votes 3 answers Share Flag
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