Foreclosure in 97232 : Real Estate Advice

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Jake Heelan, Real Estate Pro in Portland, OR
Jake Heelan answered:
Do they offer cash for keys to a renter?
If you have a valid lease, the bank must respect that to the end of the lease. If you don't have a lease they have to give you 90 days.

After the foreclosure sale, you will be conta ... more
0 votes Share Flag Tue Apr 16, 2013 Foreclosure in 97229
HLR,  in Oregon
HLR answered:
Won lawsuite on new home. Was forced to let it go into forclosure due to becoming uninhabital 2/2/2012. Can I still get a new mortgage today.?
Not sure what you won, if house was uninhabital, the builder should of paid off your Mortgage, or you should of with the money you received. County inspectors missed the problems too, ... more
0 votes Share Flag Wed Mar 6, 2013 Foreclosure in 97229
James Gordon…, Real Estate Pro in Hamilton, OH
James Gordon ABR SFR SRS answered:
Does anyone have a list of the acceptable and non-acceptable seller paid closing costs under the terms of a HAFA approved loan. Standard Short sale al
This always surprises me and I find new thing out all the time. There is an old fee in one of my local cities for .50 (50 cents). It came back from the lender as a nonallowable fee. Eve ... more
0 votes Share Flag Wed Jun 27, 2012 Foreclosure in Portland
Gary Conrad, Home Buyer in Lake Oswego, OR
Gary Conrad answered:
Why do banks have no clue to the condition of foreclosed homes they own? The home on 254 North Lotus Isle Drive needed will over $100K in repair.
Sorry typo I meant "well over" $100K in repair, and this was after speaking to our inspector. this home should be listed in the $270000 range.
0 votes Share Flag Sat Jun 16, 2012 Foreclosure in Hayden Island
Jewel Stockli, Real Estate Pro in Sandy, OR
Jewel Stockli answered:
Are short sales available for a newbie investor and if, what kind of lenders are open for financing investor short sales?
Nice to meet you Elisa,
All types of buyers can offer on short sales. Your lender looks at your credit and down payment to give you a loan. The seller's lender will look at the pr ... more
0 votes Share Flag Thu Apr 26, 2012 Foreclosure in Portland
Marge Bare, Real Estate Pro in Portland, OR
Marge Bare answered:
What is the catch with the for closures for $1?
where are you seeing that? that would be helpful, but I can tell you that is probably exactly the reason, because there's no way homes will be selling for a $1. I can tell you figured ... more
0 votes Share Flag Wed Jun 6, 2012 Foreclosure in Portland
Christopher…, Real Estate Pro in Portland, OR
Christopher Johnson answered:
how to auction a forclosure house in portland,or. from where to get the information??
Are you looking for a list of REO properties?
0 votes Share Flag Thu Mar 15, 2012 Foreclosure in 97229
Janeese Jack…, Real Estate Pro in Portland, OR
Janeese Jackson answered:
What is the best way to purchase a foreclosure in Portland?
purchasing a foreclosed or
0 votes Share Flag Tue Mar 13, 2012 Foreclosure in Portland
Steve Roesch, Real Estate Pro in Portland, OR
Steve Roesch answered:
i have been renting a house for the past 2 years not knowing the house has been foreclosed on now the mortgage company is asking me to get out.
is your question, do you have rights? the bank will give you proper notice to move. If they are creative, they may offer you some money or assistance. If you refuse to move, you shou ... more
0 votes Share Flag Wed Mar 6, 2013 Foreclosure in 97229
Donn Rasch, Real Estate Pro in Clackamas, OR
Donn Rasch answered:
I hold a second mortgage on a property that is in forclosure Via a reconveyance comp. What are my options to secure my interest in the property?
One solution is to bring the first current, then you foreclose.

Best Regards,

Donn Rasch
RE/MAX equity group
9200 SE Sunnybrook Blvd., Ste 100
Clackamas, OR 97015
Cell: 503-65 ... more
0 votes Share Flag Tue Nov 1, 2011 Foreclosure in Portland
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
I filed for chapter 7 and it was discharged- I included my home in Bend, Or. the Bank wants me to sign a deed in lieu, Why?
In order to best protect yourself, consult with your attorney before signing any documents....
0 votes Share Flag Sun Jul 7, 2013 Foreclosure in 97229
Lana Lavenba…, Real Estate Pro in Grants Pass, OR
Lana Lavenbarg answered:
we already filed and have been discharged from bankruptsy. are we atill eligable for cash for keys?
That is a good will depend on what your bank is willing to do - they are all different.
0 votes Share Flag Sat Aug 13, 2011 Foreclosure in 97229
Rich Homer, Real Estate Pro in NAPLES, FL
Rich Homer answered:
Loosing Condo in Oregon, tried short sale but Wells Fargo will not review offers, even cash. Bank is pushing to auction. What can I do?
The bank is your best bet to discuss the situation. Do you have a lot of equity in the condo? Email us direct for more help or call a local real estate ... more
0 votes Share Flag Tue Apr 12, 2011 Foreclosure in Portland
Dave Griswol…, Real Estate Pro in Bridgewater, NJ
Dave Griswold/ Lisa Payne-Griswold answered:
Hi Jr. The best thing you can do is call a Lawyer, if you don't have the money then look up the free legal advice dept in your town/county.

If you want to keep your home, you m ... more
0 votes Share Flag Sun Aug 14, 2011 Foreclosure in 97229
Alexander Ph…,  in Portland, OR
Alexander Phan answered:
House is foreclosing March 1st!!! Have no idea what the next steps are!.
Does your house still have enough equity in it for you to sell? Do you have the cash to make the payment? If not the quickest way to stop/delay the foreclosure is short sale.

Get you ... more
0 votes Share Flag Tue Mar 11, 2014 Foreclosure in 97229
Donn Rasch, Real Estate Pro in Clackamas, OR
Donn Rasch answered:
i owe 4,000 in property tax and 11,000 in HOA who should I pay first, the HOA has lein on one condo and property tax is behind two years. any help?
Not enough info here to make a sound financial decision. Why are you behind on these payments? Are you behind on your mortgage? Is one of the condos a rental? Are you in forclosure on ... more
0 votes Share Flag Wed Jan 5, 2011 Foreclosure in Portland
Monir Mamoun, Real Estate Pro in Denville, NJ
Monir Mamoun answered:
I have a quit claim deed my step father is attempting to do a deed in leu of mortguage, can he do this with out my concent?
Debra please clarify. Did you sign this quit claim deed giving up control of the deed? Who took out the mortgage loan, and whose name was on the deed signed over to the bank?

If you ... more
0 votes Share Flag Sun Nov 17, 2013 Foreclosure in 97229
Desari Jabbar, Real Estate Pro in Stone Mountain, GA
Desari Jabbar answered:
How do I find new construction "foreclosures," i.e., homes that are new that are now banked owned because the builder couldn't sell
Speak to an agent in the Portland area. She will best be able to assist you with finding new construction foreclosures. An agent will have access the MLS system in your area and can s ... more
0 votes Share Flag Tue Aug 18, 2015 Foreclosure in Portland
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
I have a first, a 2nd & a hard money 3rd. The 3rd is foreclosing. What happens to the 1st & 2nd. Do I have anyoptions?
short sale possibly, talk to a local agent and see if it makes sense. Good luck!
0 votes Share Flag Sat Oct 16, 2010 Foreclosure in Portland
Garett Chadn…, Real Estate Pro in Gresham, OR
Garett Chadney answered:
Can my grandmother buy my house at a short sale and give it back to me?
If it's your house that is the subject of the short sale the answer is no. It must be an "arms length transaction" meaning that you cannot have a relationship with the b ... more
0 votes Share Flag Mon Oct 4, 2010 Foreclosure in Portland
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