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Foreclosure in 37212 : Real Estate Advice

  • All11
  • Local Info1
  • Home Buying4
  • Home Selling2
  • Market Conditions0

Activity 30
Thu Jul 13, 2017
Raphael Smith answered:
Hello Jordan:

Would need some more specifics but couple of reasons it may not on the market yet.

Fannie may may be working on it. I have sold a couple of Fannies this year and find them with new carpet and fresh paint some not all.

There could adminstrative issues title etc.

Freddies, Fannies, and HUD's are all listed on their respective web sites and the MLS. I am not aware of way to purchase prior to a formal listing. If you looking at this as inventment property you could be enjoined from purchase for a period of time even after it hits the market.

Please feel free to contact me via my website.
... more
0 votes 7 answers Share Flag
Sun Nov 11, 2012
LaTonya Martin answered:
Absolutely, you can earn equity from purchasing a foreclosed home. I work with several investors & first time home buyers, who have gotten some great deals in the last view months and moved in with 30K or so in equity. It all depends on the value of the property. They are not giving foreclosures away, but it is a great time to buy! Call me @ 615-582-1156 and I can personally answer your questions for you. Thanks LaTonya ... more
0 votes 7 answers Share Flag
Tue Aug 14, 2012
Sharon Wayman answered:
Have you spoken with Wells Fargo yet? You will need to provide a hardship letter, income tax returns, etc. Do you have it listed yet? Call or email and I'll be glad to assist you.
Sharon Wayman 615-289-6502 Crye-Leike Real Estate 615-383-2050 ... more
0 votes 3 answers Share Flag
Tue Aug 14, 2012
Ron Thomas answered:
Appraciating the position you are in,

This question will no good!

The thought that a potential Buyer will actually see this note, are phenominal!

Put a large poster on the front door; "DO NOT DISTURB OCCUPANT"

You might also call the Listing Agent and alert him.

Good luck and may God bless
... more
0 votes 5 answers Share Flag
Wed Jun 20, 2012
Ron Thomas answered:
You already know that Homepath has
low down
no appraisal
no PMI

you would be putting less cash out for the renovations and you would have tax deductions.

this sounds like a no-brainer to me:
but, what's important to YOU?

Good luck and may God bless
... more
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Fri Feb 3, 2012
stephen strickhausen answered:
Anselm,

Did you mean the 37207 zip? You can email me directly at SStrickhausen@gmail.com and I can point you in the right direction of a lender who can help you. THDA allows for 0% down. In fact, I am working with a couple right now who is going with THDA.
Stephen Strickhausen
Benchmark Realty
615-480-5770
www.SStrickhausen.com
... more
0 votes 4 answers Share Flag
Tue Dec 20, 2011
Matthew Voss answered:
I guess the answer to this question is how much work do you want to do? Is it a cash purchase or would you require special financing? In my market yes, but it would most likely be a bank owned or HUD home! ... more
0 votes 4 answers Share Flag
Wed Jun 20, 2012
Tim Moore answered:
I would ask your landlord, they will know. You will see a notice placed on the door at some point saying it will be foreclosed at some time in the future.
0 votes 4 answers Share Flag
Tue Jan 25, 2011
Anna M Brocco answered:
You can ask any local agent, or ask consider asking your landlord...
0 votes 0 Answers Share Flag
Thu Jan 27, 2011
Scott Godzyk answered:
In most states after foreclsoure, it is 30 days, however there is additional time if you request a hearing and such. After the foreclosure the house is assigned to an asset management company to sell, they will send soemone to your house to usually offer you cash for keys, you move within 30 days and leave the house clean and tehy can offer you from $1000 to $2000, you can try and negotiate for more money of you can move quicker. for eviction laws in your state just google landlord tenant law TN ... more
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Wed Nov 17, 2010
Tj Tadej answered:
Thu Oct 14, 2010
Manu Kapoor answered:
in the news i heard 11.5 million homes or 1 in every 5 homes to be in some kind of foreclosure activity.
HUDGE number.
Good time to enter the REO business.
0 votes 5 answers Share Flag
Tue Aug 14, 2012
Brent Maybank answered:
Based on the little information that you have provided, rent ranges from $850 - $1250 for condos in that area. It can be narrowed down by the condition of the condo, any updates, age, community, etc. ... more
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Fri Sep 10, 2010
Don Martin answered:
All the old rules and guidelines concerning the rent amount as compared to the value of the property have almost evaporated. Your (or any given) neighborhood has had a fair number of distressed or uncomfortable sales lately. An increased inventory of homes for sale always increases the inventory of homes for rent (since sometimes that is an option for a seller) which increases supply without increasing demand. Your home should rent for $700 +- depending on appearance in and out and on condition of systems (ac, heat, appliances), but you, being there in the area, should have a pretty good handle on that. Fix anything that need fixing, clean/paint anything that needs it, then GET IT EXPOSED in as many places as you can find and think of. If you need more precise pointers feel free to give us a call at 973-8970. We have become the resource for FOR-SALE-BY-OWNERS. ... more
0 votes 1 answer Share Flag
Fri Sep 10, 2010
Katrina Lee answered:
Based on what I have seen $650-$800

Katrina Lee
Willoughby Realtors
615/414-5214
0 votes 6 answers Share Flag
Mon Aug 2, 2010
Brittney Testerman Griffith answered:
Hello,

It has not sold yet, however it does have a contract on it!

If you need any other help please feel free to get in contact with me

Brittney Testerman
615.500.2748
btesterm@mac.com
liveinnashville.com
... more
0 votes 5 answers Share Flag
Thu Oct 14, 2010
James & Stephanie Crawford answered:
Realtytrac is a great website for tracking foreclosures.

or you can view new foreclosure listings here:
http://www.facebook.com/event.php?eid=102819389766729#!/Nashville.Foreclosures?ref=ts

Also, the search program on my website allows you to search by foreclosures.
http://mls.StephanieCrawford.net
... more
0 votes 9 answers Share Flag
Sat Apr 24, 2010
Laura Reilly answered:
Have an attorney brief you on "Protecting Tenants at Foreclosure Act of 2009." This legislation provided that leases would survive a foreclosure -- meaning the tenant could stay at least until the end of the lease, and that month-to-month tenants would be entitled to 90 days' notice before having to move out (this notice period is longer than any state's non-foreclosure notice period, a real boon to tenants). Check to see if your rental agreement qualifies. Good Luck
Laura Reilly- Foreclosure “INVEST”igator USA
“I have a problem with too much money. I can't reinvest it fast enough” Robert Kiyosaki
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Sat Oct 22, 2011
Molly Beringson answered:
HAVE YOU BEEN IN TOUCH WITH YOUR LENDER?? USUALLY THEY WILL WORK A MODIFICATION PROGRAM WITH YOU.
0 votes 8 answers Share Flag
Wed Mar 31, 2010
Tina Evans answered:
Did she state what was going to happen to the house you are renting? Who gets it? You have a binding contract for one year and it should say in that contract the terms of notice to move and the circumstances to support it.
If you are unsure, you need to discuss your lease with a real estate attorney and let them advise you of the proper legal options you have. Talk to the husband and see if he has any information as well.
Good luck,
Tina Evans, Broker
... more
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