David - this would be the wrong arena to try and get them. This site deals with Residential at market rate properties. Try checking with hedge funds who split and repackage the portfolios they buy. If you have significant cash then check companies like debtx that work with larger portfolios of performing and non performing notes.... more
Your should list your property as a short sale right away. It is the best solution for your credit scores and the quickest financial recovery. If you have stopped making your house payment, just bank that money every month. You will need it to move and get your own rental. In our market first month, last month plus security is the rule of thumb. You will want your agent to make sure that the property you are renting is financially secure. Find a local realtor to you and get it on the market right away as a short sale.
Debbie Albert, PA
Kellwer Williams Port St. Lucie... more
Tim are you totally set on Foreclosures, if so why, are you trying to look like an educated buyer, because the foreclosure and Short sale lingo only tells a Realtor how uneducated you are in Real Estate!, Ask a Realtor to show you the best Deals on the MLS for Miami and you will get the best bang for your buck!... more
Depends on the type of auction you are buying at.. If it's the foreclosure auction at the courthouse, you need to do a lot of research or hire someone to do it for you. You can contact a title company to get a title search.
Here's a website and they sometimes offer training classes on buying at the courthouse foreclosure auction. There may be someone in the Miami area you can also pay for training.
Good luck and also make sure to check any code enforcement liens and IRS liens and HOA and Condo fees also stick after closing. Most importantly if you're the only one bidding at the courthouse, it's surely not a good deal! I'm not aware of how the foreclosure auctions are done in Miami but if they're online you may not be able to see the other bidders. In Tampa we have a live auction so you know who else is bidding and what their bid amounts are.
There are some preparations that you'll want to make in advance. First off, you're going to need a real estate attorney in the Miami area and a Realtor familiar with International transactions. Anybody can purchase real estate in America, but if it's going to be foreign-owned and it's going to be paid for with funds obtained from a foreign source there are a few things that a Global Realtor will be familiar with as far as documentation and the closing process.
Will you be financing this condo, or will it be a cash deal? For financing, it's easier to obtain financing if you are purchasing as a Resident Alien but there are a few Lenders who will finance Non-Resident Aliens. If it's going to be cash, do you have your Canadian money already converted to American dollars for the ease of the transaction?
First what do you consider a great deal? There are lots of properties that are available currently in foreclosure or short sales in Miami Beach. If you could email me at email@example.com with some information about how you plan to finance this purchase and how much you are wanting to pay for the condo that would be great. I am a realtor with Keller Williams in Miami Beach. I know the area very well and would be pleased to assist you.
In order to best protect yourself and if you would like to save your home, you may wish to consult with an attorney who specializes in real estate sooner rather than later--if you cannot afford an attorney, contact your local Legal Aid Society for a pro bono attorney--free.... more
If teh association is the owner you pay them, if the association is not the owner, you should not be paying soemone who is not the owner. if teh bank chooses to keep you as the tenant you would pay them and they are responsibkle for paying hoa fees. Before paying anyone else you should seek teh advise of an attorney or a non profit that can assist you. You couls also check with the Florida bar association if they have a probono lawyer to assist you.
MLS date tells days on market and other property history such as price reductions and other status changes. As to past offers, that is not available. The most important information would be market value. That you can find with similar properties that have sold within a mile of the property you are interested in within the past 30 days. If you have this, you can make a good offer that would be accepted and get the property.
Coldwell Banker Residential... more