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Foreclosure in 77056 : Real Estate Advice

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  • Local Info0
  • Home Buying4
  • Home Selling4
  • Market Conditions2

Activity 87
Sat Mar 16, 2013
Tim Moore answered:
Are you asking if the lawyer was wrong or lied to you? I have never met a lawyer yet that admits to lying or being wrong.

Are you saying he will charge you that much - $500/mo? I am thinking I would call another lawyer. ... more
0 votes 2 answers Share Flag
Sat Mar 23, 2013
Walter Kennedy answered:
contact an attorney. Real Estate Agents can not give legal advise...
0 votes 3 answers Share Flag
Tue Feb 26, 2013
Al Geffon answered:
I would think that as long as the home remains your residence, it shouldn't be an issue. All that's required is that the buyer live in the property. From a practical point of view, however, how many friends are there? I wouldn't turn the place into a boarding house.

Al Geffon
(713) 213-6350
al@geffon.net
... more
0 votes 3 answers Share Flag
Mon Feb 25, 2013
Joe Cano Jr answered:
Boheme Notice of Sale. This property is scheduled for a public foreclosure auction. A public foreclosure auction is scheduled when a homeowner in default does not stop foreclosure proceedings within a certain timeframe determined by state statute. Properties are typically auctioned in a public location, such as the local county courthouse, by an attorney or local public official. Auctions can be great opportunities to buy property below market value, but usually dont allow for property inspections and often require full or partial payment in cash depending on the auction process in your area.


Joe Cano - Realtor/Locator
(281) 785-5132
joelocator.com
... more
0 votes 3 answers Share Flag
Fri Feb 1, 2013
Mark McNitt answered:
Delia,

If the foreclosure is from a bank, they might finance it. Typically a home in poor shape will not pass FHA/VA inspections for safety. Most lenders will not work with you as the home might not pass their inspections for appraisal purposes.

I would bet they are looking for a cash sale. If it has been sitting there awhile, give them a cash offer...even if it is very small. You never know what they might take.

Mark McNitt
m 832-567-4357
Bernstein Realty, Inc.
... more
0 votes 7 answers Share Flag
Mon Feb 8, 2016
Ron Thomas answered:
Your Realtor will have a complete list of Shortsales and REO's.
Not only that; they will be able to FILTER it down to the homes that meet your requirements;

It is so easy to overload with homes that do not. ... more
0 votes 9 answers Share Flag
Sun Jan 27, 2013
Mark McNitt answered:
Diana,

The lot is for sale at $33,000, not the $24,500 posted here. The posting is not the listing Realtor.

ML #: 16588439 You can see the lot on www.HAR.com The contact information is there to speak to the Realtor representing the seller.

If you need help presenting an offer, let us know. You can drive by the lot and if it looks good, we can review sale comps. It has been on the market for almost a year.

Mark McNitt
m 832-567-4357
Bernstein Realty, Inc.
... more
0 votes 5 answers Share Flag
Tue Jan 22, 2013
Ron Thomas answered:
Foreclosure homes do not come with a lower Interest Rate,
Nor does matter what your Credit Score is:
Your Interest Rate is dependent upon your Credit Score.
Borrowing money for a Foreclosure can be easier because the Selling Price is generally lower.
But getting the Loan, and the Interest Rate are dependent upon YOU, not the house.
You should talk to a Mortgage Officer and see what you can qualify for.
... more
0 votes 7 answers Share Flag
Wed Dec 5, 2012
allan erps,ABR,SFR answered:
It will take period of at least three years or more for this to be cleared from ones credit report as far as I know.
0 votes 3 answers Share Flag
Tue Mar 26, 2013
Rene Castillo answered:
Keep in mind the following information is my opinion and you should consult an expert in the field.

From my understanding, the only way to remove a cosigners name is either by paying off the loan or have the primary party refinance the loan in their name only. Unless it is a credit card. In this case, you would have to close the account.


I hope this helps!
... more
0 votes 3 answers Share Flag
Sun Sep 30, 2012
Guy Gimenez answered:
Yes, a seller can tell a prospective buyer anything he/she wishes regarding other offers, etc.
0 votes 9 answers Share Flag
Sun Sep 16, 2012
Tina Lam answered:
I don't see any practical advantage. A lien is still a lien. The HOA's lien will likely take priority. In theory, you should be able to contact your HOA manager easier than the bank's negotiator. If that helps. ... more
0 votes 7 answers Share Flag
Fri Sep 14, 2012
Al Geffon answered:
This is a situation that requires the input of an attorney specializing in real estate law. Realtors are prohibited from conveying any information that could be interpreted as legal advice or the practice of law. I suggest that you get in touch with an attorney immediately ... best of luck.

Al Geffon
(713) 213-6350
al@algeffon.com
... more
0 votes 5 answers Share Flag
Tue Aug 21, 2012
Persis Behramsha answered:
Hi Althea, you should be able to call the contact listed for this home. If there is none, give me the address and I will see if I can find out something about this house.
Persis
713-294-7747
persis.realtor@gmail.com
... more
0 votes 6 answers Share Flag
Tue Jul 17, 2012
Diane Schrakamp answered:
That is not correct. There are several ways in which a buyer will get their earnest money back. Way too many to list.

Diane Hermis
Total Real Estate Services
832-620-6304
dianehermis@yahoo.com ... more
0 votes 10 answers Share Flag
Sun May 27, 2012
Jim Doyle answered:
Hi Kathy -

You do have several options. If you would like to discuss them, give me a call at 832.326.7678.

thanks,
Jim Doyle
0 votes 4 answers Share Flag
Fri Jan 11, 2013
Connie Inmon answered:
Hana, I just did a quick search of the MLS and there is one foreclosure 5 bedroom / 3 bath in that zipcode. Email me at connie@connieinmon.com and I will send you the information.
0 votes 8 answers Share Flag
Sat Mar 31, 2012
Suzanne MacDowell answered:
Here in Morris County our County Sheriff has a website that lists auction dates. It is updated every ten minutes. However, as a short sale specialist, I can tell you that often homes are taken off the auction list just minutes before the auction is supposed to begin. A lot of that is attributable to the law firms hired by the banks to handle these matters. The law firms fax a postponement and then never follow up to make sure things actually got done. And the Sheriff's Department is so busy things 'fall through the cracks'.

It is more common, here at least, for homes to be pulled from the auction list regularly because the banks are trying to do short sales rather than foreclose whenever possible. Our foreclosure process takes about 2 years so it's far more cost effective to do a short sale. And the banks will continually put the foreclosure auction off as long as the home is listed for sale with a realtor as a short sale. But they almost always wait until the last minute to do so. Unfortunately, it's just one of the pitfalls of auction investing. The other major pitfall is that the banks almost invariably take the homes back thinking they can get more for them as REO sales than at auction.
... more
0 votes 2 answers Share Flag
Thu Mar 8, 2012
Alan Harper answered:
Check out http://www.fortbendcontracting.com/ they do cleanouts, make readies, paint, remodels and home repairs, a/c, heater repair, kitchen and bathroom remodels, you name it.
0 votes 2 answers Share Flag
Fri Jun 22, 2012
Jane Lindsey answered:
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