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Foreclosure in Wilmington : Real Estate Advice

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  • Local Info53
  • Home Buying125
  • Home Selling19
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Activity 10
Sun Dec 23, 2012
Lee Anne Rouse answered:
Chip,
Depending on your circumstances and long term goals, you could proceed with a short sale, if your lender will cooperate. You do have options to avoid foreclosure. Feel free to contact me anytime if you'd like to discuss what your options may be.
Thanks,
Lee Anne Rouse
Prudential Laney Real Estate
GRI, CDPE
910-540-0282
Email: leeanne.rouse@prulaney.com
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Tue May 1, 2012
Carla Wiechman answered:
Hi Beachnut, all I would need is the address and I can find out if the home has been relisted by the lender or if they are waiting to put it back on the market. Feel free to contact me. Carla ... more
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Thu Mar 1, 2012
Laura Feghali answered:
Hello Home Buyer,
If you wish to submit an offer on a foreclosed property then I suggest that you have an experienced agent with foreclosures assist you with the offer. The agent will work for you in your best interests and will be able to guide and counsel you through the process.

Contact a few agents in your area and interview them to determine who you feel is qualified and who you will feel comfortable working with.

It usually does not cost you anything to work with a buyer's agent.

Good luck!

Laura Feghali
Prudential Connecticut Realty
... more
0 votes 6 answers Share Flag
Mon Jan 2, 2012
Ron Thomas answered:
The likelihood is that the Bank had a high MINIMUM on the Auction; probably the total amount of the debt.
So it is very likely that no one bid high enough.
The banks do that, so that they can get the property for themselves.

Now, the occupants will be moved, and the house will be listed on the MLS; that will take 4-6 weeks.
You should have your Realtor keep an eye out for the Listing and call you.

Good luck and may God bless
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Mon Dec 26, 2011
Mike Malina answered:
If there is a mortgage on the property with a deed of trust that has not been paid, then the foreclosure proceedings can be initiated.
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Tue Nov 9, 2010
Jane Dodd answered:
There is no set "equation" for offering on foreclosed properties. I advise having your buyer's agent Realtor to pull comparable sales to compare value based upon its current price. Knowing it will be sold in "as is " condition with no repairs have a home inspection performed to be completely aware of its condition and the money you may need to put into it after closing. Once a property has been foreclosed upon and becomes bank owned/corporate owned. It is usually priced accordingly to recent appraisals in as is condition after the home was foreclosed. It is all about the bottom line to a bank, they know how much they have into and how much of a loss they are prepared to take. However customarily you can get some exceptional buys with foreclosed homes. Banks do not want to be homeowners, I promise. ... more
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Mon Aug 9, 2010
Scott Godzyk answered:
You should start by checking with teh city or towns assessor office, look at the tax card to see if the new owner (the bank) has been updated. If not you will need to check teh old foreclosure listings to see who teh forclosing bank or attorney was. If no luck you can take the name of the old owner, then search teh deed to find out who held the mortgage.

In most cases once teh bank takes the property back, they evict teh occupant and teh listing is assigned through an asset management company, once the house is vacant, that agent will post their name and number on the door.

If no luck will all these attempts, getting a buyer broker experienced in foreclosures, may be able to assist you in finding out this info or at last watching MLS for when it does come on the market.

good luck with your search
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Tue Nov 17, 2009
Erin Gora answered:
Hi Vikki

I can send you lists of houses that are listed in our mls as bank owned, and I can also send you a list of HUD foreclosures. If you are interested in either of those lists, you can email me at egora@intracoastalrealty.com or call me at (910) 231-4540.

Regards,

Erin Gora
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Tue Aug 26, 2008
Justin King answered:
Hi Erich,

I'm not seeing the property you are referring to. If you could call or email me with the information I will be more than happy to assist you. (910) 264-6449 or justinking@seacoastrealty.com . Thanks. ... more
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Mon Dec 17, 2007
Rosie Bolin answered:
Rudy,

Call the New Hanover County Tax Office: 798-7300. They'll be able to guide you in the right direction.

Good luck!

Rosie
0 votes 7 answers Share Flag
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