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Sturgis : Real Estate Advice

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  • Home Buying7
  • Home Selling1
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Activity 11
Tue Feb 7, 2017
tiffany_ellis answered:
You can call the city office and they will help you 269-651-2321
0 votes 3 answers Share Flag
Mon Jan 7, 2013
Sonya Loose answered:
Yes! I think sometimes on Trulia you are seeing houses in some stage of foreclosure but not actually foreclosures that are listed for sale yet. It takes a while for a foreclosure to make it to the market where they are listed with a brokerage. At that point you should expect to see listing info, pictures, etc but sometimes even then you don't. However, I do agree with you, good marketing should be applied to any listing so it sells as fast as possible! ... more
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Thu Dec 13, 2012
Ron Thomas answered:
A Foreclosure can only be a Foreclosure once,
unless the new lender is Foreclosing on the people who bought the Foreclosure.
If it was bought as a Foreclosure, and the Buyer fixed it up and are now FLIPPING it, it is not now a Foreclosure, but a normal sale.
If it is, indeed, a Foreclosure now, then maybe the Bank took it off the Market and now they are really going to Foreclose.
Ask your Realtor to do a HISTORY on the house so you will know.
... more
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Wed Jan 23, 2013
Haig Istamboulian answered:
Hello,

How long ago did you go through foreclosure? The standard waiting period is seven years, but in thecase of extenuating circumstances, it could only be three years. There may even be lenders who may finance you immediately after a foreclosure with a large down payment and high interest rate. The average time is 2 - 5 years. The more you have for a down payment the more likely you are to find a lender to work with you. You may be better off checking with a mortgage broker than a bank, because the broker works with multiple lenders.

Which ever way you decide to go, start rebuilding your credit. Go to a lender and sit down with them and explain what happened and see what they tell you. If they cannot give you a mortgage at that point, at the very least they can guide you so you can work your way towards qualifying for a mortgage.

But keep saving as much money as you can while you work on obtaining a mortgage.

I hope this helps.

Thank you,

HAIG
Elias Realty
(248) 379-6547
realtorhaig@aol.com
... more
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Wed Apr 25, 2012
Tim Moore answered:
Sure they do, it is very common that they do. Short sales are a bit different where the bank often wants more than list price, but a REO bank owned property is more like a regular owned home where the bank lists at a price they will accept and often they accept less -- not much less. Some people think, incorrectly, that they will accept 20-50% less which is laughable. ... more
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Mon Apr 23, 2012
Don Tepper answered:
Depends on which property you're referring to. Please post either the MLS number or the address.
0 votes 1 answer Share Flag
Sat Jan 28, 2012
Don Maclary answered:
When a home is not worth what the mortgage balance is, It becomes very hard to sell.
Banks for a while were allowing people to sell short with minimal resistance.
However it is becomming very difficult to get a short sale approved.
Reason: Banks are not insured against short sales.
... more
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Fri Dec 2, 2011
Karen Paytas answered:
On any tax documents you've received including the assessment paperwork. Otherwise, e-mail me with your address and I'll see if I can locate it through the public records.


Good Luck,

Karen Paytas, GRI, CMS
Realtor
Real Living Kee Realty
586-709-8465
kpaytas@mirealsource.com
... more
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Sun Sep 5, 2010
Anna M Brocco answered:
Keep in mind that any local agent(s) can help you, contact any realty office(s) and inquire.
0 votes 0 Answers Share Flag
Mon Aug 30, 2010
Anna M Brocco answered:
Keep in mind that any local agent can help you with any information needed, showings, etc., contact any realty office(s) and inquire--if looking at a RealtyTrac ad-- keep in mind that RealtyTrac's information may not always be accurate, you could be looking at a lis pendens property--notice of default--some of those properties may not be for sale yet, and some may never be, if the default is satisfied by the owner. If you are interested in foreclosures, work with an agent--he/she will have access to reliable information-- ... more
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Tue Mar 23, 2010
Michael Nagelkirk asked:
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