Foreclosure in Fort Lauderdale : Real Estate Advice

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Margaret Ama…, Real Estate Pro in Sarasota, FL
Margaret Amador answered:
Can you use an FHA loan to buy a house that is a foreclosure? What red tape is involved?
FHA has a special program called 203K. That means licensed repair professionals need to do the work with permits. The money is left in escrow to be paid as the work is done. A little ... more
0 votes Share Flag Wed May 22, 2013 Foreclosure in Fort Lauderdale
Jannicha Ail…, Real Estate Pro in Fort Lauderdale, FL
Jannicha Aileen Forte, PA answered:
im frenting an appartment at 5941 nw 16th place,surise fl 33313 and there is rumers that the property is being forclosed on.
Hi Eddie,

A good way to find out is to ask your owner directly. If you are hearing these rumors you should have peace of mind because I know it can be a stressful situation. But s ... more
0 votes Share Flag Wed May 7, 2014 Foreclosure in 33313
Jesus Pazmino, Real Estate Pro in Weston, FL
Jesus Pazmino answered:
I am looking to purchase a foreclosed property in Florida and would like to know if i would be responsible for a mortgage?
Hi Angelica,

Buying a foreclosure through a listed property is usually always closed through the title agent. The title agent will run a lien and title search that will show any def ... more
0 votes Share Flag Thu Nov 6, 2014 Foreclosure in Fort Lauderdale
Lynne Knapp,  in Fort Lauderdale, FL
Lynne Knapp answered:

Per your question on Trulia > Southeast 15th Street #606, Fort Lauderdale FL 33316. VERY INTERESTED, WHAT IS THE HOA FEES? PLEASE GIVE MORE INFO ON THIS PROPERTY.
WHAT ... more
0 votes Share Flag Wed Jul 11, 2012 Foreclosure in Harbordale
Joan Tole, Real Estate Pro in Fort Lauderdale, FL
Joan Tole answered:
How Long After Your House Is Up For Auction Do You Have To Move Out?
thats a hard question, depending on the bank and the situation. In order to answer it, need more info, like who is the lender and what has been going on etc
0 votes Share Flag Wed Dec 18, 2013 Foreclosure in 33323
Linda Cowen, Real Estate Pro in Plantation, FL
Linda Cowen answered:
Is anyone seeing Condo Boards using their 1st right of refusal and buying distessed units?
HI John,
I haven't experienced it yet and I sold a great deal of destressed condos last year always for bargain basement prices.
0 votes Share Flag Thu Mar 29, 2012 Foreclosure in 33324
Antonio Vega…, Real Estate Pro in Saint Cloud, FL
Antonio Vega-Pacheco answered:
I'm a Canadian interested in buying a condo in orlando for renting it. How does the tax work? do i have to file w/ the IRS or here as foreign?
Since the property will be for investment you will have to pay taxes to the US goverment every year of your income. You will need to get a tax filing number from the IRS (similar to a ... more
0 votes Share Flag Tue Feb 28, 2012 Foreclosure in Fort Lauderdale
Andrew Muller, Real Estate Pro in Weston, FL
Andrew Muller answered:
Does a Condo Association foreclosure remedy their lien on a property?
No realtors can give legal advice by law! This group of questions are better suits a qualified attorney to respond.
Hire an experienced real estate attorney for legal advice.
Any ques ... more
0 votes Share Flag Fri Feb 17, 2012 Foreclosure in 33324
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
im buying an REO with FHA financing.HOw much can i ask the bank to pay in closing costs .Thank you
The Banks are reluctant to lose more money.
The technique that a lot a people use is to offer $5000 more, and ask for Closing Costs;
This would reduce the Cash-out-of-pocket, if not r ... more
0 votes Share Flag Wed Dec 7, 2011 Foreclosure in 33314
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
Does Anyone else agree with me that is the most shady site in the history of Real estate Sales?
It is not necessarily shady, you have to read all the fine print BEFORE looking at those starting prices. It should be in big print THAT EACH AUCTION IS SUBJECT TO A RESERVE and that th ... more
0 votes Share Flag Wed Feb 29, 2012 Foreclosure in 33321
Courtney Ste…, Real Estate Pro in Fort Lauderdale, FL
Courtney Stephens answered:
I'm looking for the foreclosure Home to buy in FL 33314 price range $140K to $225 K all cash
Hi Tony,

I'd be happy to help you if you aren't already working with a Realtor.

Courtney Stephens
0 votes Share Flag Fri Jun 3, 2011 Foreclosure in 33314
Alma Kee, Real Estate Pro in Tampa, FL
Alma Kee answered:
Too risky in Florida with the Homestead protection laws and bankruptcy that can drag on a foreclosure forever.

A Realtor would be foolish to recommed her client get involved with fin ... more
0 votes Share Flag Tue May 31, 2011 Foreclosure in Fort Lauderdale
Iliana Ivano…, Real Estate Pro in Fort Lauderdale, FL
Iliana Ivanova answered:
25 missed payments 1st and 2nd with Chase fka WMu 2nd written off. NO foreclosure? No NOD Plan to file chap 7 & surrender home trigger
Call Law firm of Laurence Levine ( Plantation FL) . They just handled the same sintuation for a client of mine.
With ch. 7 you give up the NOTE , but the mortgage is the instrument the ... more
0 votes Share Flag Sun Apr 3, 2011 Foreclosure in Fort Lauderdale
Nadine Mauro, Real Estate Pro in Lake Worth, FL
Nadine Mauro answered:
had to move for job relocation. Option was stay and be out of work. What can we do with the house? Its underwater
Hi Nmbound,

One of your options would be to do a short sale on the house. If you had to move for employment reasons and the revenue from the rent is not sufficient to pay the mo ... more
0 votes Share Flag Thu Apr 7, 2011 Foreclosure in 33322
Fran Rokicki, Real Estate Pro in BOLTON, CT
Fran Rokicki answered:
I am looking for an REO Realtor
Go online and Google, REO Agents. You should find a bunch in your area who can help you with your purchase. Good luck to you! It's a good time to buy!
0 votes Share Flag Mon Sep 17, 2012 Foreclosure in 33311
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
Please, which could be a minimum price for a condominium 1 or 2 bd), at the beach. I do not have a preferenced beach. (foreclosed)Thanks, Alma Ram...
Consider working with an agent of your own; he/she can provide you with available properties that meet your needs, keep you informed as new properties arrive on the market, schedule sho ... more
0 votes Share Flag Fri Jan 21, 2011 Foreclosure in Fort Lauderdale
Angela Schra…, Real Estate Pro in Pembroke Pines, FL
Angela Schrager answered:
i was interrested in a piece of property which is now under contract can i still be able to follow up on it just in case it does not go thru
Hi Jeremiah: I would be happy to monitor the property for you and arrange for an email alert as soon as the status is changed on the MLS. If it falls through it will likely as not be ... more
0 votes Share Flag Sun Dec 19, 2010 Foreclosure in Fort Lauderdale
Pennie Arnes…, Real Estate Pro in Miami, FL
Pennie Arneson answered:
We've tried that already. Now the bank owns the house and they are offering us money to move out. No date given yet. What should we do?
You can make an offer directly to the bank to buy the house. That saves the bank the hassle of trying to fix and sell the home.
0 votes Share Flag Sun Nov 21, 2010 Foreclosure in 33312
Bob Movin-On,  in Hartford, CT
Bob Movin-On answered:
Instead of completing the short sale, can someone offer to purchase a note? The loan was assigned to Chase as tustee, who has filed a foreclosure.
Yes, in fact a company called PennyMac has been buying up defaulted loans at cents on the dollar then modifying the mortgages at full value.

Bob Patrick
Buy a home after foreclosure ... more
0 votes Share Flag Wed Oct 20, 2010 Foreclosure in Fort Lauderdale
Sharon Molnar,  in Jacksonville, FL
Sharon Molnar answered:
i need a probone lawer
Look in the phone book for the Bar Associations phone number. Call them and ask for a Pro Bono Attorney for whatever field you are needing. If they are a member of the Bar, they are req ... more
0 votes Share Flag Thu Feb 17, 2011 Foreclosure in 33325
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