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Foreclosure in Pensacola : Real Estate Advice

  • All424
  • Local Info47
  • Home Buying122
  • Home Selling18
  • Market Conditions24

Activity 13
Wed Sep 5, 2012
Danielle Sharp answered:
The property is the collateral regardless of who is on the deed. No pay, no stay & both parties will be listed on the foreclosure case. Speak to an attorney about your rights & the lender's rights. ... more
0 votes 4 answers Share Flag
Sat Jul 16, 2011
Ron Thomas answered:
What you described has nothing to do with a Foreclosure;
and "they" cannot remove you.

I think you have to elaborate;
What is your problem, why are you asking this question?

Good luck and may God bless
... more
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Mon Mar 14, 2011
Patricia Sarfert answered:
If you are referring to Jasmine Park, the HOA dues have been 'temporarily' suspended during pending litigation, but are expected to continue in the future. If you are interested in these units, I would suggest you call the listing agent's office and ask for the phone number of the lawyer who is handling the case. If you decide to purchase, I would recommend you hire a home inspector who can test for mold and asbestos. ... more
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Wed Feb 16, 2011
David Jaffe answered:
Hi Pcolangel,

You should consult with your attorney if you should make the scheduled payment (s) or bring the past due ones current. He will need to order the pay-off amount a few days before closing. The point to keep in mind, payments are not considered late until 30-days past due...unfortunately these late payments will go on your credit history.

I would encourage you to speak with your attorney and your lender.

Best of luck and congratulations on your home sale.

David Jaffe-SRES, CDPE
Realtor-Coldwell Banker
... more
0 votes 10 answers Share Flag
Sun May 31, 2009
Laura Perryman answered:

Most banks will list the properties with a Realtor. There is an abundance of foreclosed properties on our Multiple Listing Service,(MLS).

You can search the MLS from my web site without signing up.(see link below)

Foreclosures are not the only good deals out there. If you would like some assistance I would be more than happy to search the MLS and send that information on to you.

Best Wishes,

Laura N Perryman
Real Estate Direct
... more
0 votes 4 answers Share Flag
Wed Sep 3, 2008
Preston Murphy answered:
Hi Claudia!

Give me a call or send me an email with some additional information regarding what type of commercial property you are interested in, and I will be happy to assist you in finding a suitable listing.

Cell (850) 380-0571

Hope to hear from you soon,

Preston Murphy
Weeks Realty, Inc.
... more
0 votes 3 answers Share Flag
Sun Jul 6, 2008
Marcy Richardson answered:
Dear Chris,

I'm not sure about Pensacola, but here in Tulsa, Oklahoma those properties are listed on the County Tax Assessor's website. I would suggest checking the Tax Assessors website for the county you are interested in. ... more
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Thu Aug 7, 2008
Ramiro Garcia answered:
Sat Mar 1, 2008
Paula Bean answered:
Hi Natalie,

I do a lot of foreclosure, college kid purchase deals. You are on the right track, buy something as a second home so you can write it off on your taxes, then rent out to others to get a good roi. Once your daugher is done with college, you can continue to rent it out and make money, or you should do a 10-31 exchange so you don't have to pay Uncle Sam all your profit.
Also, rent is cheaper than dorm rooms!!

I would advise you however not just to look for foreclosures as there are many good deals on the mkt now, rates are cheap, and most people thing foreclosures are a steal, they are not always, so don't limit your options.

I don't work in Pensacola, but know many good, trustworth agents there I can recomment. THIS is an important step in your life, don't do it without professional assistance.
... more
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Tue Feb 26, 2008
Gary De Pury answered:
Find a REALTOR who is working on a ton of REO properties. He will either manage them himself of have a manager who needs help. We all need help.

Gary De Pury
Bay Vista Realty
Chairman, Communications Committee
Greater Tampa Association of REALTORS®
Director, Florida Association of REALTORS®
... more
0 votes 1 answer Share Flag
Wed Nov 28, 2012
Perry Henderson answered:
Foreclosure reality check.... Seasoned investors who buy foreclosures know the REO manager at the bank and get "off market" deals. They never have to bid or find a place to learn what's available.

FOR ALL OTHERS: The only "sellers market" in america is the foreclosure market. Don't expect any deals from a foreclosure as the bidding process brings 20-30 people to bid on almost every deal. A deal that was already priced at market.

It's easier to get a deal by going to a realtor, asking them to find the oldest property on the market and start dropping discounted offers. In addition, you won't have to wait 30-60 days to hear an answer.
... more
0 votes 9 answers Share Flag
Wed Sep 26, 2007
Mark Palace answered:
Hi Scott: I am a real estate investor and have asked myself this question many times. In my experience, you really just need to research each and every property. Many times, when you read the MLS listing information, the realtor that is representing the seller will write comments such as, "motivated seller" or "bring all offers." Comments such as these often times mean that the sellers are desperate and willing to "give away their real estate properties." You may also want to hire a real estate professional to represent you so that you can stay abreast of the current market and specifically all of the clients that the real estate professional knows and with whom he/she does business. This way, you will most likely be the first person to have contact with the distressed seller. If you would like our firm, Palace Properties International, to assist you in finding a local real estate expert, please feel free to contact us and we would be happy to do so for you. Best,
Mark Palace, CEO/Founder
Palace Properties International, Inc.
... more
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