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Foreclosure in Fort Worth : Real Estate Advice

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  • Local Info116
  • Home Buying250
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Activity 38
Mon Jun 7, 2010
James Gordon ABR SFR SRS answered:
Le Tonya I would go back to one of those attornies that thought your parents were treated unfairly and ask them what you can do about it. You have already went in the right direction by asking an attorney for legal advice now go the rest of the way and ask them what you should do to follow up on their advice. ... more
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Wed Mar 19, 2014
blaison samuel answered:
Baby,

You can find the sale date on that foreclosure list from where you have found your church address. If it is not foreclosed then all the church members can pay the late mortgage payment and bring the payment current, in that way, you all can continue the mass. Don't lose the hope and have trust in God and contact the church committie member or your pastor for taking action to stop the foreclosure....Good luck to you!!

Blaison Samuel
... more
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Thu Apr 22, 2010
Jackie Rankin answered:
Good question. I would say to ask a tax specialist that question. Are you under contract right now, because the credit is over April 30th.

Good luck,

Jackie
0 votes 8 answers Share Flag
Thu Feb 18, 2010
Ronda Allen answered:
In MANY cases, the loan mitigation area is a completely separate department (and even location) from the foreclosure department. Try calling again, but asking for the foreclosure department. Your file may have moved, so the mitigation area isn't even concerned with you any more. Keep in mind that, if you are with a large lender, you are one of many thousands of files they're working. If you had 1,000 files on your desk right now all demanding attention, you'd likely be burnt out and unmovitated, too. That's how these people feel. They didn't cause the problem and they're working with hundreds of dozens more files than they've ever encountered. The 'big brother' you want to tell - I'd go straight to your city and state representatives. Government is compounding the lending crisis in the way they are handling liens against some of these pre-foreclosure properties. It makes a nightmare of red tape for us to have to sort through when negotiating short sales in lieu of foreclosure. Call the lender, wait the 45 minutes on hold like we do. Call your local city leaders. Follow up with an email. And, just start escalating it. The ex-husband may have gotten the ball rolling, but unless he was an 'ex' at the time you purchased the home and you have legal documents to prove it, the home could be considered an asset of community property. If you fell out of your payment schedule to the lender, the bank is totally within their rights to take the house. I also suggest you visit the website I noted.
Ronda
... more
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Sun Apr 24, 2016
Don Tepper answered:
What your lawyer didn't make clear is that there's a complete difference between a court decree in a divorce and the documents you signed when purchasing.

The judge can order you all day to turn over your ownership interest to your ex. And you can. Problem is: Your lender doesn't care. Nor does it matter. Your name is on the mortgage. So you ended up with the worst of both possible worlds: No ownership interest and yet financial responsibility. All the judge was saying was that, as far as payment of support or alimony--or your contribution to the mortgage--you had no financial responsibility insofar as it involved the divorce. The judge had no ability to negate your mortgage documents.

Get yourself a lawyer. A competent one this time.

Good luck.
... more
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Sun Feb 6, 2011
answered:
Throughout our industry there are agents that focus specifically on foreclosures. You might call various brokers and ask for those agents.
0 votes 4 answers Share Flag
Sat Oct 3, 2009
Jon Sutton answered:
Check out www.JonSutton.com and click on the "freddie mac foreclosures", "fannie mae foreclosures", and "hud foreclosures" tabs from the home page. Let me know if you see anything you are interested in and I will send you some additional information on them. Thanks. ... more
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Sat Jul 4, 2009
Anthony Allen answered:
1st you need to find out if your name is still on the deed. If you have a court order stating that you reliquished your rights you should be OK. If not you may still be on the hook. Either case you need legal assistance. My service will allow you free consultations & 25% off your legal fee ... more
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Sat Jun 20, 2009
Jon Sutton answered:
I have contacted the listing agent who had it listed before it was foreclosed. It is now showing up in the system as temporarily off the market. I should hear something back tomorrow if the bank will be looking at any offers at this time. I will let you know as soon as I hear something. Thanks. ... more
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Wed Apr 22, 2009
Margaret T. Hatcher answered:
Sal,
It will be the courthouse of the County in which the property is located.
Margaret
0 votes 2 answers Share Flag
Tue Mar 17, 2009
Eric Glassoff answered:
it takes 1 day on average but it can depend on how far away the seller is and what time zone and if they have a heavy work schedule.
eric
0 votes 7 answers Share Flag
Thu Feb 19, 2009
Jon Sutton answered:
In the short run yes it will because more banks will be giving out loans to more people which means more offers that you as an investor will have to compete with. In the long run no it will not because this will drive the prices of homes up slowly as more and more people buy giving you a better return on investment when you sell later on down the road.

It is hard to generalize what banks will or won't do because there are to many vaiables. Different banks have different policies and every property is unique. For example a bank owned home that has been on the market for quite some time might look at an aggressive offer and be willing to act just to get it off of their books. On the other hand if a bank owned home is fairly new on the market they might sit on it for a while before looking at more aggressive offers.

At the end of the day good deals ARE happening and now is the time to act. Market shifts happen very quickly and Ft Worth, Dallas, and Houston markets are the top 3 least risky markets in the nation for price decreases (less than a 1% chance in 2 years). If you would like an executive market report done by Residential Strategies please contact me and I will send it to you immediately.
... more
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Sun Feb 8, 2009
Chris Nast, ABR, CSP answered:
Julia,
You can get info on Government foreclosures from FHA, VA on site below.
If you are looking for bank foreclosures all the sites that advertise "free" lists want money to show you the information you need to contact someone regarding a property. BEWARE: most of these sites have info that can be old and outdated. Try finding a Realtor in your area who specializes in foreclosures. Chances are they are already paying for a service provider for the info.
Good luck!
Chris Nast
... more
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Mon Oct 27, 2008
Inna Razumova answered:
At the property or town hall
0 votes 4 answers Share Flag
Sun Mar 9, 2008
Bruce Lynn answered:
It really just depends on the county. Sometimes the county lists them on their websites. You can also subscribe to the Roddy Report. Links to both sites are on my website under the foreclosure link. If you are just looking for one specific property you can email me and I can see if I have it on my report. Let me know what info you need. ... more
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Mon Dec 31, 2007
William answered:
Don't underestimate how bad the market is. Unless you can afford an extended period with 2 mortgages, don't put yourself in a bad situation. You can look - but make any offer on a new home contingent on selling your old one. Good luck! ... more
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Tue Dec 4, 2007
T.E. & Naima Sumner answered:
Suntrust is the lien holder. Let me know if I can help you with anything else with this.
0 votes 2 answers Share Flag
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