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Foreclosure in 33161 : Real Estate Advice

  • All24
  • Local Info2
  • Home Buying9
  • Home Selling5
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Activity 180
Wed Aug 14, 2013
Keith Jean-Pierre answered:
Brand new program came out last week:

http://www.usatoday.com/story/money/business/2013/03/27/homeowners-modify-loans/2023191/
0 votes 9 answers Share Flag
Tue Apr 2, 2013
Betsy Morales answered:
It is always best to consult with an attorney regarding the laws of eviction in the State of Florida, specifically Florida Statutes 83: (http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0000-0099/0083/0083.html)

83.56 Termination of rental agreement.—
(1) If the landlord materially fails to comply with s. 83.51(1) or material provisions of the rental agreement within 7 days after delivery of written notice by the tenant specifying the noncompliance and indicating the intention of the tenant to terminate the rental agreement by reason thereof, the tenant may terminate the rental agreement. If the failure to comply with s. 83.51(1) or material provisions of the rental agreement is due to causes beyond the control of the landlord and the landlord has made and continues to make every reasonable effort to correct the failure to comply, the rental agreement may be terminated or altered by the parties, as follows:
(a) If the landlord’s failure to comply renders the dwelling unit untenantable and the tenant vacates, the tenant shall not be liable for rent during the period the dwelling unit remains uninhabitable.
(b) If the landlord’s failure to comply does not render the dwelling unit untenantable and the tenant remains in occupancy, the rent for the period of noncompliance shall be reduced by an amount in proportion to the loss of rental value caused by the noncompliance.
(2) If the tenant materially fails to comply with s. 83.52 or material provisions of the rental agreement, other than a failure to pay rent, or reasonable rules or regulations, the landlord may:
(a) If such noncompliance is of a nature that the tenant should not be given an opportunity to cure it or if the noncompliance constitutes a subsequent or continuing noncompliance within 12 months of a written warning by the landlord of a similar violation, deliver a written notice to the tenant specifying the noncompliance and the landlord’s intent to terminate the rental agreement by reason thereof. Examples of noncompliance which are of a nature that the tenant should not be given an opportunity to cure include, but are not limited to, destruction, damage, or misuse of the landlord’s or other tenants’ property by intentional act or a subsequent or continued unreasonable disturbance. In such event, the landlord may terminate the rental agreement, and the tenant shall have 7 days from the date that the notice is delivered to vacate the premises.
... more
0 votes 7 answers Share Flag
Tue Feb 19, 2013
Tim Moore answered:
Most Realtors won't deal with auctions because we get paid on commission and there is no owner paying a commission on a foreclosure auction. If you want to learn auctions then you will need to pay someone to teach you. You can make many mistakes doing what you are looking to do, it's not as easy as seen on those TV shows !!!!!!!!! You need to know what you are doing, what you are buying and have looked at the title and checked for liens or you will be buying more than you think. ... more
0 votes 7 answers Share Flag
Sun Feb 24, 2013
Yanoska Diaz answered:
$15,000 for the down-payment or are you looking for a $15,000 property?
0 votes 5 answers Share Flag
Thu Feb 28, 2013
Ron Thomas answered:
Absolutely!
Especially the 5,000,000 who already lost their homes:
at $100,000 each, that would be approximate $500,000,000 (that's 500 BILLION dollars!)
0 votes 6 answers Share Flag
Fri Feb 15, 2013
Yanoska Diaz answered:
The advantage of a Trustee Auction is that the Buyer may obtain a lower price for any given asset than if that asset had the proper exposure to the Multiple Listing Service.

On the other hand, buying a Bank Owned property that sells on the MLS is a lot less risky than buying at auction. For example:

Condo and/or Home Owners Association fees, taxes and other potential issues are usually resolved/paid by the Seller prior to closing.

Buyer has a better opportunity to research or be aware through Unincorporated Miami Dade and other municipalities Certificates of Use/Occupancy about code violations and fines.

Seller will typically deliver a vacant property and Buyer will not have to deal with a lengthy and painful eviction process.
... more
0 votes 2 answers Share Flag
Tue Jan 29, 2013
G answered:
Just any bank? I'd say: bob or jesus
0 votes 3 answers Share Flag
Sun Dec 30, 2012
Pablo Torres answered:
Mr. Shahin,

That property is under contract.

I be delighted in helping you with your buying needs.

Feel free to contact me.

Kind regards,


Pablo Torres
AF Realty, LLC

786-205-6988
pabtorres@aol.com
www.miamibuyproperties.com
... more
0 votes 1 answer Share Flag
Tue Jan 29, 2013
Margarita E. Postovit answered:
Please call or write:
Margarita E. Postovit
Realtor-Associate
Certified Distressed Property Expert, CDPE
Chase Priority Realtor
The Keyes Company Realtors
Florida’s Real Estate Leader since 1926
6850 Main Street
Miami Lakes, FL 33014
Direct: 786-738-3442
Fax: 305-492-7638
E-mail: mpkeyesco@yahoo.com
Website: http://MargaritaPostovit.Keyes.com
... more
0 votes 5 answers Share Flag
Sun Dec 2, 2012
Steven Epstein, P.A. answered:
Wayne Brooks shortsales.wayneb@gmail.com 561-309-7817 he's a great colleague of mine up there. Let Wayne know that Steve Epstein referred you, thanks.
0 votes 4 answers Share Flag
Sun Nov 25, 2012
Margarita E. Postovit answered:
Wed Jun 15, 2016
Tamika Moses answered:
Hello,

There is no set time of when banks will start releasing foreclosed homes. When they do they will be at fair market value, and there are plenty of investors, buyers etc who are waiting to purchase these homes. If you are seeking to work with a realtor find one who you are comfortable with and will give you sound advice on purchasing property and the market overall, as there has been a huge uptick in real estate and the market is hot right now.

Thank you,
Tamika Moses'
Keller Williams Realty Partners SW
954-404-4646
tmrealtor@yahoo.com
... more
0 votes 10 answers Share Flag
Tue Nov 20, 2012
Tamika Moses answered:
Hello ,
you can contact a licensed realtor who can find out who is the lender and what phase the property is in. Most HOAS do not follow what stage the home is in with a foreclosure. I will be more than happy to assist as I have a background in loss mitigation and can contact the lender and try to pull in the current owner and see if a short sale can be done. I look forward to hearing from you soon.


Thank you,
Tamika Moses
Keller Williams Realty Partners SW
954-404-4646
tmrealtor@yahoo.com
http://flapropertiesbytmoses.kwrealty.com/
... more
0 votes 3 answers Share Flag
Tue Nov 20, 2012
Steven Epstein, P.A. answered:
If there is a mortgage on the property of course they can and they will foreclose. If you are buying from the HOA then you need to pay for a title search on the property as you are buying subject to any liens for mortgages, taxes (local, state, federal, IRS) other mybe Jr lien holders and city/county bldg & code violations, if any. HOAs are able to do this to recover in one way or another, their back dues thru renting out or selling their Certificate of Title, it is not a Warranty Deed, title wont be free & clear 99.99 times out of 100 ... If you need anymore real estate advice please call me or send your email & phone number I'll be happy to see how I can help you. You should also consult a good real estate attorney. Best, and Happy Thanksgiving, Steve E ... more
0 votes 4 answers Share Flag
Sun Nov 25, 2012
Ann Ryan answered:
Lurdita,

I don't see the home listed for sale, but it is in the process of foreclosure. If you like, you can call me to discuss the comparables.

Sincerely, Ann Ryan
0 votes 8 answers Share Flag
Mon Nov 5, 2012
Pablo Torres answered:
You need to look at the contract you signed.

Seek the advice of a real estate attorney.

Best regards,


Pablo Torres
AF Realty, LLC
786-205-6988
pabtorres@aol.com
www.miamibuyproperties.com ... more
0 votes 7 answers Share Flag
Fri Dec 18, 2015
Lila Lopez answered:
Good Morning,


When a property is set for a foreclosure sale it is advertised well in advance and anyone chosing to make an offer on a property is free to do so. The bank will have a set minimum of what they will accept as a price and if none of the bids come in for that said minimum, then the bank will take possession of the property. I am not clearl on the full logistics, but lets keep in mind that when a buyer purchases a home and they are getting financing they basically own the home with the bank, until such time the entire mortgage is paid. From what I see in following foreclosures is that the banks do take substantially less at auction than the full judgement amount that is owed to them. Keep in mind that most of the mortgage balances in today's market exceed the current market value of the home so it would be almost impossible for the bank to get the amount equal to the judgement amount.

Additionally, there are times when a short sale transaction is in process as a foreclosure proceeding is moving forward on another front. This is where it is vital that all parties know where in the process a foreclosure is so as to avoid the issue you describe. When working on a short sale, I always look to see if an auction date has been set and how close or far out it may be. It is vital to understand that there are several departments that work on mortgages when a loan is in default, each having different tasks they are responsible for, and they do not always communicate with each other. It is important that all parties, seller, buyer, realtors and closing agents know how to proceed on a transaction based on where in the foreclosure process things stand.

Should you have any additional questions please feel free to contact me.

Lila Lopez
RE/MAX Advance Realty
homesbylila@yahoo.com
305-772-2521
... more
0 votes 7 answers Share Flag
Mon Sep 24, 2012
Tamika Moses answered:
Hello Amrobin6,
Yes you can sell your home while it is in foreclosure. With your lender they can allow to short sale the home if your underwater(upside down) with your mortgage. With a short sale it will be a lower impact on your credit vs a full foreclosure. Your lender can also forgive and release you from any deficiency amounts as well. If you have any other questions please feel free to reach out to me as I have been a Bank Of America Loss Mitigator who has handled foreclosures and loan mods. I look forward to hearing from you soon.
http://flapropertiesbytmoses.kwrealty.com/

Thank you,
Tamika Moses
Keller Williams Realty Partners SW
954-404-4646
tmrealtor@yahoo.com
... more
0 votes 10 answers Share Flag
Sun Nov 20, 2016
Antonio Vega-Pacheco answered:
Seems you did all the right things. If things don't work out, finding a home that has a 15 day "primary residence" prefered buyer period will eliminate having to deal with all the cash investors.

Tony Vega
La Rosa Realty
... more
0 votes 8 answers Share Flag
Sat Aug 25, 2012
Scott Godzyk answered:
You should ask your attorney to update you ion how te Florida foreclsoue process works. They will have first hand info on your case.
0 votes 7 answers Share Flag
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