Aaaah.....RealtyTrac. Chalk it up to garbage. RealtyTrac compiles all info about each property in the foreclosure process. While a home may be in some stage of foreclosure it doesn';t mean its for sale as a foreclosure. The owner could be working on a short sale or loan mod.... more
What types of listings does Trulia accept?
Currently Trulia only accepts active, residential listings in the United States. We do not feature commercial, auction, rental or For Sale By Owner (FSBO) listings at this time.... more
I suggest you contact a local realtor in your area that can sign you up on listingbook.com. This will allow you to enter the criteria for your specific needs. That will make it much easier to search for the property that will best suit your needs.... more
Wow! could be a deal. home owner associations with many owners not paying the HOA is cutting FHA approved loans to those areas affected. Maybe that is what is going on there. Check with a local agent to get advice. good luck!... more
Great question. Outside of point blank asking the owner and trusting him or her, you may find some comfort in researching the particular property address in person, or possibly online, at your County Recorders Office. Here in San Diego, California after a period in time of a homeowner not paying their mortgage, a lender will typically record what they call a Notice of Default (NOD) at the San Diego County Recorders Office. A NOD is typically the first step in the foreclosure process (placing the mortagee on notice) and it progresses from there to a possible foreclosure sale should they continue to not pay for an extended period of time. Google tenant foreclosure laws (and your state or locale) and I think you may find a wealth of information should you like to know your rights, time frames and various possible scenarios in the event it happens even after you did your initial due dilligence.... more
Hi Jerry, I am not sure what property you're referring to, but there are a lot of great options for 2 bed 2 bath condos in Bonita Springs- bank owned, short sales, and traditional sales. If you would like to discuss, feel free to contact me at anytime.
Hi Georgia, renting a condo with a dog limits your options, but you should be able to find something depending on your price range. I would recommend contacting a Bonita rental agent and engage their services directly. They will be able to point you in the right direction. Good luck!
That condo had been a short sale and the property is now under contract. Please see MLS #210000957. It went under contract on March 22nd. The MLS number you had did expire and was re-listing with the new MLS number.
It appears that it may not go into foreclosure as long as there is an active contract on the property.
If I can assist you please let me know, meanwhile to search "real time" MLS for Bonita Springs and Naples please go to: www.constanceaddison.listingbook.com
You will be able to browse for properties, save your searches, etc. It's a wonderful program with up-to-the-minute data.
Sorry you are experiencing difficulty with a short sale. However, this is not unusual. Generally it takes 30 to 60 days to get a Loss Mitigator (negotiator) assigned to a file. Your agent really does not have any control over this, other than they call on a daily basis to check on the status. But that does not mean that Wells Fargo will move any faster. Wells Fargo is servicing the loan. Fannie Mae does not service loans, they are the public/private agency that guarantees loans.
Unfortunately the new HAFA laws do not apply to Fannie Mae loans (yet) and they are NOT bound by the 14 day response rule.
Depending on what state you are in, this may not be the end of the road for you. If your state has a redemption period (like Minnesota) you can still purchase the property after the Sheriff's Sale without much hassle. However, in other states, the Sheriff's Sale is the drop dead date. Talk to your agent for more details.
Short sales can take several months to get closed. I just had one that was 5 1/2 months to get approved.
Speak with a lawyer but, I have had two of these and in both cases the bank said they wanted to continue with forclosure. Here in NC the person holding the mortgage can step up any time and pay off the note which efectively stops forclosure. Now if it's a short sale it's a whole different ball game because then Wells Fargo has to approve the short sale. It looks like they aren't going to do that.
Forclosures all have legal proceedures that have to be followed. Here in NC the trustee has to get the judge to order the sale and after that is done there are other things that have to be done prior to the auction. Even after the auction there is a waiting period. Durring all of this the mortgage holder can step up and pay the note stopping the sale. There are legal issues to deal with a real estate lawyrer would be a good person to talk to right now. They can advise you on the legal proceedure.... more
Absolutely . . . they can reject your offer. In addition to paying off the loan, Wells Fargo will have to pay realtor fees and seller closing costs. It is totally up to their discretion as to what they will accept. My experience with Wells Fargo most recently took four months to get an approval to close. If you really want the home you will need a lot of patience.
Best of Luck,
Nelene Gibbs, Realtor, e-Pro
Real Estate Investment Advisors
That's fraud. Most agents won't bite and the seller has to agree also. The requirement to receive the tax credit is to have an executed contract no later than April 30th - both seller and buyer signatures.
Good luck and please be wise..........IRS audits are not fun... more
Quick question.... why limit yourself to "move in" condition if you have cash? You maye able to get a much better bargain if you can see past worn carpets and ugly paint. It will be a quick inexpensive fix, too.
Also because you are NOT a first time homebuyer you may want to wait to look until after April 30th when the program expires. Right now homes in the $150 to $250k price range are getting multiple offers above asking price, expecially those that are in "move in" condition.... more
You need to provide a copy of the contract when you apply for the credit.
FYI--contract dates are very important and coincide with financing, inspections, attorney reivew etc. Too many players involved if anyone is thinking about predating a contract to make the date work with the rebate. Not too many people that are will to put their license on the line either.... more
all condos or townhomes will be part of a hoa and those fees will range from 150/mo to 400/mo on the average unit. When buying the most important issue is the stability of the hoa so getting an agent to help you with your search is a must. If you need any help in the sw Florida area (Bonita and Naples) please feel free to call.
It depends what you are registering on....if it's a guest list, no. There is no obligation, in fact, it's a great tool for them to follow up with you regarding your interest in the property or to perhaps represent you as a buyer's agent if you don't already have one.... more