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Foreclosure in Columbus : Real Estate Advice

  • All198
  • Local Info30
  • Home Buying40
  • Home Selling10
  • Market Conditions3

Activity 10
Sat Mar 24, 2012
Martin Macisso answered:
Wed May 18, 2011
Linda Calcote asked:
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Thu Sep 16, 2010
Desari Jabbar answered:
A competitive market analysis would have to be done to find out what the properties in your subdivision are selling for. Once you find the fair market value of your property, you will then know where to price your property so that you can attract buyers and submit an acceptable offer to your lender.

Also, please make certain you are in contact with the bank so they'll know that you're actively pursuing a short sale option.

Please feel to contact me for furthur assistance.

Desari Jabbar

Best of luck to you!
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Tue Sep 7, 2010
Don Hisle asked:
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Tue Dec 22, 2009
Dallas Texas answered:
Direct link assist with all your questions:
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Fri Nov 20, 2015
Panda Polk answered:
Hi Angel,

I think you may be referring to the Fannie Mae Home Path Loan.

It is a program for buyers who want to finance a Fannie Mae REO property.

Go to and you can find out all about it.

BTW-It does not assist homeowners in foreclosure or distress ( in case you wondered).

Panda Polk
Mortgage Consultant in CA
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Mon Sep 28, 2009
Tina Vliet answered:
Wed Dec 17, 2008
Eric Reid answered:
I would look at the most recent sale of and equal property. As an REO agent I am required to update the lender every 30 days with the recent sales. So the bank knows what the value of recent sales are.
So I would prepare the offer based on recent sales, cost of required repairs.
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Fri Nov 14, 2008
Ray Day answered:
I'm only guessing here, this may not be the best answer. Was there an attorney representing the estate during probate? If so, have you tried to contact the attorney. I'm assuming there was a mortgage on the property and that the mortgage lender is trying to collect on the mortgage. The mortgage would have to be (been) wiped out by the legal system and a free and clear deed issued-I think. If there was not an attorney at the beginning, you may want to check with a real estate attorney in your area.
Hope this helps.
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Thu Nov 29, 2007
Lorie Gould answered:
This would depend on what type of loan you have on your home. If you have a 30 fixed which includes principal and interest then you would NOT want to pay extra interest payments.. you could pay additional towards your principal; however, this would only lower your balance it would not decrease your future payments.

A interest only loan works similar to a credit card. The lower the balance the lower the payment. If you pay additional money towards principal your next months payment (the mimimum amount do) would be lower.

You would NEVER make an additional interest payment... there is NO benefit.
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