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Foreclosure in 85040 : Real Estate Advice

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  • Local Info1
  • Home Buying2
  • Home Selling1
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Activity 161
Fri Apr 4, 2014
Stephanie Weiss answered:
This is a forum for real estate agents, lenders, appraisers, property managers, etc., not real estate attorneys which is who you really need to speak to. Also, the information is vague at best and no one would be able to give you a concrete answer based on the information you have provided, even a real estate attorney.

Regards.
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0 votes 10 answers Share Flag
Tue Aug 18, 2015
Corneliu Olar answered:
FHA:

Short Sale:

3 years if delinquent at the time of the short sale

No waiting period if current on all debt at the time of the short sale

(Borrowers are not eligible for a new FHA mortgage if they pursued a short sale agreement on his or her principal residence simply to take advantage of declining market condition to purchase at a reduced price a similar or superior property or if their short sale was on an FHA mortgage)

Bankruptcy: 2 years with reestablished credit

Chapter 7: 2 years with reestablished credit

Foreclosure: 3 years with reestablished credit
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0 votes 23 answers Share Flag
Fri Jan 18, 2013
Alain Picard answered:
I would look through your financing contract that you have with the sellers and see if there is some sort of penalty and for how much for not paying on time.
0 votes 10 answers Share Flag
Thu Mar 7, 2013
Debra (Debbie) Rose answered:
Well, I think you handled that call properly.

You can offer stats as to what areas have either maintained their prices better than others and seen shorter days on market, or, more recently, seen higher appreciation....or, offer good rental potenial, etc.

After he digests the information you provided, ask this investor to give you a list of the top 5 areas/towns, etc., he will consider, and then send him listings that match his criteria.

By the way - how did this person find you? Referral? Internet inquiry?
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0 votes 28 answers Share Flag
Mon Feb 4, 2013
Ryan Buckley answered:
Give me a call tomorrow and I would be more than happy to help you with this



Ryan Buckley Realtor®
Turning your Dream into an Address
Coldwell Banker Residential Brokerage

480-440-4541
ryan.buckley@azmoves.com
www.liveinscottsdale.com
www.facebook.com/rcoldwellbanker
twitter @rcoldwellbanker
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0 votes 1 answer Share Flag
Fri Jan 4, 2013
Jennie Miller PLLC answered:
This address is still not pulling up on the tax records. As Realtors, we have access to the tax records.
0 votes 3 answers Share Flag
Thu Apr 14, 2016
Adam Tarr & Sharon Kotula answered:
According to tax records, there is no property with the address. Occasionally, the address posted on the property does not match tax records, so you should find out who the owner is and it can be checked that way. 3401 and 3405 exist. ... more
0 votes 16 answers Share Flag
Mon Apr 15, 2013
Doug McVinua answered:
Wed Nov 28, 2012
Michelle Hamilton answered:
We have used Help You Short Sell for all of our short sales. I just asked them if they did business in Ohio and they said they just completed 3 more in Ohio. They are awesome to work with and very communicative. They are on the phone a lot with banks so email seems to be the quickest and fastest way to get a response. Here is their contact info:

Matthew Potter
Managing Partner
Help You Short Sell, INC.
Direct - 480-838-1695
Fax - 888-822-0151
mpotter@helpyoushortsell.com
www.helpyoushortsell.com

Best of luck,

Michelle Hamilton
cell #623-680-7021
sellingarizonarealestate@yahoo.com
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0 votes 1 answer Share Flag
Thu Oct 11, 2012
Mike Cave answered:
Hi Drew,
There are a few very large companies buying most of the homes sold at auction. Chances are that they have lost track of your previous home. Contact me directly with the information and I’ll try to help. It will probably work itself out soon. Some simply buy and hold properties now because values are rising so rapidly… ... more
0 votes 6 answers Share Flag
Fri Aug 17, 2012
Tim Moore answered:
Some counties are faster than others, but June was 10 weeks ago and is enough time for any county to get it changed. Who knows where the HOA is getting their info, they might have a list of owners and they need to update the data they have. A call to the clerk of the court could help.
A call to the police is in order if they are truly threatening her.
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0 votes 6 answers Share Flag
Wed Jul 25, 2012
Sean Heideman answered:
I offer a trustee sale bidding service where I would go down to the court house steps to bid on properties you select from a list of trustee sale properties. We do not do the rehab for you but we can refer some excellent contractors that can help you complete the rehab process. Give me a call to discuss out trustee sale bidding service in greater detail. Looking forward to hearing from you soon.

Sincerely,

Sean Heideman, Broker
Position Realty
Office: (480)213-5251
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0 votes 2 answers Share Flag
Fri Jun 22, 2012
Jason Harrell answered:
Good evening, I am a Certified Distressed Propert Expert(CDPE) that specializes in short sales and work almost exclusively with the investor market. Please feel free to contact me at j.harrell@lookinsiderealty.com. ... more
0 votes 11 answers Share Flag
Wed Jun 27, 2012
Bob Dickinson answered:
Eric,
There are a few ways to purchase a foreclosure in Phoenix. I would have to say the 2 most popular ways would be at a Trustee Sale or a lender owned listing. I would seek the advice of a real estate professional for both types of transactions.
The biggest difference between the 2 ways is that the trustee sale requires an all cash purchase, while a lender owned listing can be purchased with financing.
Please feel free to call me for further information.
Bob Dickinson
RE/MAX Excalibur
602-527-8086
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0 votes 12 answers Share Flag
Sun Aug 27, 2017
Martin Macisso answered:
They cannot sell the home without listing it with the agent on the local MLS.

Depending on if its a Fannie or Freddie loan, you may be able to find the agent before it lists and ask to be notified...or have any agent sign you up for an automated email alert for that specific property...so you can make an offer the day it comes on market.

Only smaller local banks will allow offers prior to listing or at auctions.
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0 votes 10 answers Share Flag
Mon Oct 14, 2013
Amy Stanley answered:
From my experience as an reo agent there are two ways you could go about purchasing the home. One, is to wait til it is relisted or Two, you could contact the lender to find out who the listing agent or the attorney that will be handling the file. In alot of cases once the bank buys back the home, they are usually deciding to either re-list the home again or sell it to a private buyer. There are times the home does not get relisted. ... more
0 votes 8 answers Share Flag
Mon Jan 9, 2012
Randy Hooker answered:
I seriously doubt it, since this property address doesn't even appear in Maricopa County records.
0 votes 2 answers Share Flag
Wed Jan 4, 2012
Jonathan Dalton answered:
Hi there ... HUD certified agents have not been required for more than a year; anyone can sell a HUD home at this point of time. The trick is finding them with the current dearth of inventory. As of the moment, there are 81 HUD homes for sale across the Valley.

Depending on how low you're talking, your strategy may be DOA. HUD home usually sell relatively close to the list price. Last year, 4,800 and change HUD homes sold according to the MLS. All but 52 sold for within 20 percent of list price and 138 sold for less than 90 percent of list. (1,451 went for more than 20 percent off original list ... evidence HUD negotiates through later price reductions rather than taking the hit on offers that are made.)

If you're serious about trying to make a go of it on HUD homes given the current inventory and HUD's history, we certainly can talk more. If you're thinking to go in at 60 or 70 cents on the dollar, there's not much point.
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0 votes 1 answer Share Flag
Wed Dec 21, 2011
Jason Webb answered:
Hi Janet, I answered your other questions assuming you were renting since you status on truia says renter. Sorry for the confusion. If the house does not sell at auction, the bank becomes the owner. The house is then what is considered an REO (bank owned) foreclosure. You should be out before the trustee sale. Otherwise you will most likely be evicted. ... more
0 votes 6 answers Share Flag
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