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Foreclosure in 73111 : Real Estate Advice

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  • Home Buying1
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Activity 12
Tue Sep 4, 2012
Julie Gray-Thrash answered:
We are currently under a burn ban Mr. Lang and have been for sometime now due to severe drought conditions. Is there a particular home you are looking for? Perhaps I can assist with more pictures. ... more
0 votes 6 answers Share Flag
Fri Aug 17, 2012
Russell Benson answered:
I'm not sure you need a license but you will need all the proper business insurance such as liability, etc and you will need to contact the companies that handle the bulk of the REO's but now many services are handled by a 3rd party company so the local real estate companies are not as involved as they used to be. You might be able to contact HUD and VA and see about being able to submit a bid for clean outs. I'm sure the cheapest price wins.

Good Luck!

Russell Benson, REALTOR®
Prudential Alliance Realty
... more
0 votes 2 answers Share Flag
Fri Feb 24, 2012
Tim Moore answered:
Why are they keeping the money, did they tell you? If you had an inspection period and canceled in time it seems they should refund the money. A letter from an attorney might be next.
0 votes 5 answers Share Flag
Sat May 21, 2011
Jennifer Blackwell answered:
Call me at (405)625-1576, I may be able to negotiate with your bank on a short sale.

Jennifer Henning
[p] 405.625.1576
0 votes 8 answers Share Flag
Fri Mar 23, 2012
Lanell White answered:
Hi Brucep,

I'm not sure a real estate professional will be able to help you with your situation, but maybe this will give you an idea of how to get started. The first thing you need to do is go over the contract and see what was specified as to where the money from the insurance claim would go. Depending on what is specified in the contract, you can then contact the insurance company in writing, providing a copy of the contract for reference, and ask them for a return of the money. If they are not willing to return the money from the claim, they should be able to provide you with a written explanation as to why the money is being held by them. Depending on their answer, you may want to contact an attorney for further assistance. But whatever you do, be sure to pursue everything in writing, and keep a written record (and copies) of all correspondence in case you need them in the future. Verbal conversations or promises are not valid in a court of law. ... more
0 votes 2 answers Share Flag
Sat Sep 18, 2010
Scott Godzyk answered:
You should never need to or have to pay for any list. All the information is available for free by searching in your area. There is no short cuts, no magic list and no way to leap ahead except by hard work. You need to first start in your area, look at banks or mortgage companies you already refer buyers to for their mortgages. Then you can search the national companies that service your area. First you should note you are coming in 2-3 years later than most and alot of companies are not taking new applications for agents except for an as needed basis. You will need a resume of of what you can provide, what your experience is and include a list of areas and zip codes you service. Submit applications to those companies and when they do need someone, take advantage of the opportunity by accepting the order quickly and completing it promptly. read and follow their directions and requests for certain kinds of comps. You will need to be expereinced in valuations and adjustment amounts, basically how much to add or subtratc for condition, sq footage, lot size, garages, basements etc. If you do a good job they will keep giving you orders and will get noticed quickly. DO a bad job and the orders will be few and far between. Good luck and i hope i could help ... more
0 votes 2 answers Share Flag
Thu Jun 15, 2017
Richard Lecinski answered:
I strongly suggest you contact an agent. The bank should pay his commisions so you need not worry about that. Foreclosures can be a problem and the agent working for you can help make the process easier as well as make sure you are not over paying market value. The word foreclosure does not always mean its a deal. ... more
0 votes 12 answers Share Flag
Wed Dec 16, 2009
Voices Member answered:
That's an interesting question Tiffany....

I'm gonna bump this question back up to the top so we can see if one of the Pros is familiar with this...

Good luck, Dunes
0 votes 0 Answers Share Flag
Wed Dec 9, 2009
Brian Bingham answered:
It sounds like the property tax assessor has not checked into it very well or they would be able to tell you where the tax bill is going and who owns the property.
0 votes 3 answers Share Flag
Fri May 29, 2009
Chris Mabry SRS,e-PRO answered:
Your next step should be to contact a local loan officer/mortgage broker. They will ask you qualifying financial questions and give you an idea about your buying power. If you plan on having your home paid off inside 5 years, this is going to mean higher than average monthly payments, which will limit the ammout you can spend on a home. You may want to consider a 15 year mortgage in which you can make double payments occasionally. Speak to a loan officer about your long term goals. As far as making mortage payments and still living comfortably, that really depends on your lifestyle and budget. Good luck to you! ... more
0 votes 5 answers Share Flag
Fri Mar 23, 2012
Plano answered:
Because the media has "Glamorized " the foreclosures. They report on the fact that there are hundreds of homes in foreclosure at "huge discounts" but don't tell you that it's a pain in the neck to actually go through the process. No one tells them that it could take weeks, even months, to get any word on an offer. Then when an offer is accepted, good luck negotiating with the bank for repairs when the inspection comes back with a failing grade.

I blame it on uneducated, impulse shopping. To much hype and not enough research being put into it.
... more
0 votes 4 answers Share Flag
Wed May 14, 2008
Emily Erekuff answered:
Hi Mike,

How much does what cost? Can you clarify your question?

Thank you,

Emily Gibson
Customer Service Representative
0 votes 1 answer Share Flag
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