Foreclosure—questions & answers, advice and opinions page 152

How do I find foreclosures in Pinole or Hercules?
I'm a qualified buyer and looking for an investment property. Thanks!
What does it mean when it says "Income/Investment" vs. "Single Family Home"?
Does "Income/Investment" mean that if I buy the house, I need to invest more money in fixing up the home? Does "Single-Family Home" mean that I can move right in if and when I bought…
Is this practice legal? Or is it a type of fraud?
A broker routinely buys a foreclosed homes at a very LOW prices at auction, then does quick title transfers to different relatives or friends then the relative or friend immediately transfers the home…
A question of legality. I am interested in a home that is a foreclosure listed by Wells Fargo. On the same lot there is an apartment (homes original
carriage house) which is also a foreclosure owned by a separate bank. The apartment does not come with the house, however I want to buy both. The problem is that the REO agent has no information on the…
Bankruptcy while short sale in progress
I am in a situation where the seller has filed for bankruptcy while the short sale was in progress. The bank had not pushed out the auction date and this may have motivated the seller (?) to file for bankruptcy.…
What type of insurance is required to do real estate clean outs?
Wanted to start business doing clean outs, and preservation's. Would like to know (What type of insurance is required.)
Ref: 2109 S. Forge Rd., Palmyra, PA UNDER CONTRACT?
This property was advertised as a "possible short sale", ($130,000) and was headed for foreclosure. I see this property is now "under contract". How long does it typically take a…
FHA vs Traditional Loan
Want to put an offer in on a Forclosure that has only been on the market a couple days. How is the stregth of an offer precieved based on the loan type FHA vs Traditional? We are serious about this house…
Short sale vs. foreclosures: can we actually owe the bank money, if we foreclose?
We are waiting for a short sale, but thought that a foreclosure might make more sense. We thought in a foreclosure, the second mortgage company can't ask for the remainder of the loan. (like they…
Worried about bank backing out of our offer
There were multiple offers on a freddie mac listing and we were told by freddie mac that they had accepted our offer. We went to the realtors office and filled out the paperwork for our formal offer and…
SHORT SALE: What happens when the mortgagor and the 2nd lien holder's investor can't agree to terms of the short sale?
Servicing lender's investor wants a cash contribution and the mortgagor won't budge. It's gone back and forth 5, 6 times. No one is giving in. Got a strategy? Happy Holidays! Thank…
Banks are in a position where they are not able to sell foreclosed properties and they end up as part of their REO inventory.
Do you think that the market would have a better chance of recovering if banks lease these properties out since they can't sell them?
Should we bid higher or lower than our original bid after the winning buyer's deal fell through?
We offered 240k on a foreclosure listed for 240k. We really wanted the house but unfortunately, we were informed that they chose another buyer. Two days later, on a reliable real estate website, the listing's…
How long does a lender have to finalize the foreclosure after the auction sale in California?
My house was foreclosed on in Feb 2010. I had a first and second loan that were purchase money. During the auction the lender purchased the property. They are still reporting to the credit reporting companies…
Does a bank have to accept the highest offer on a short sale?
We recently submitted an offer for a short sale around the same time as another buyer. They had a home sale contigency and we did not. They lifted their home sale contingency within the 72 hours after…
Should there be any cause for concern on my part as the NEW BUYER on an REO property that was on contingent offer status within 28 days after it was?
listed but fell out of escrow during the due diligence period? Is this something I should even worry about..... I've been told it could be a number of things. Besides the home inspection, what other…
I SIGNED UP A ONE YR LEASE MY FRIEND’S HOUSE. HE TOLD ME LATER HE’S APPROVED TO SHORTSALE BY THE BANK. HIS REALTOR HAVE BEEN CALLING ME TO GAIN
ACCESS AS THERE ARE LOTS OF INTERESTS. DO I NEED TO SHOW THE HOUSE? WHAT IF I DON’T WANT TO COOPERATE? WHAT ARE MY RIGHTS? CAN THEY FORCE ME? WHAT CAN THEY DO?
I need a lawyer willing to help me fight to save my house
I was lied to & tricked by the mortgage company ,had a major double crisis,tried to work with the mortgage company who kept leading me to believe I' keep my house,did everything I was told to…
I've selected a property to buy at a county auction. The final judgment is 20K but mortgage is 500K yet the bank is not the plaintiff? How can?
it be? I don't understand why the bank is not the plaintiff? And what happens if I were to win this action? Would I then owe the bank who gave the mortgage 500K?
the house i live in is being auctioned next week in Cumming GA. how long do i have to vacate?
my ex wife owns the house i live in and its being auctioned next week. can i offer the bank rent money to stay? how long before they make me leave?
is property included in home price at golf ridge?
Interested in homes for sale at golf ridge, dundee, mi.
Have 10-day inspec and 14-day appraisal from verbal accept. date with FMae. Already 7days in due to holiday and hse not dewinterized. Amndmnt possble?
At this point, I have signed a cleaned copy of the agreement and the addendums for a Fannie Mae owned house. There is a 10-day inspection period and 14-day appraisal period from the verbal acceptance…
How Low Will they go???
Paseo Del Sol went under $300,000 for bank owned homes! How low will the market get! Murrieta had the most reos last month of any city in california! When does it end
How low should you offer on a foreclosure that is priced low for the area it is in in comparison to the neighborhood?
My real estate agent thinks if we offer lower than the asking then it will be rejected. Also, The appliances are old and i want and appliance allowance and closing. Is this too much to ask. How low should…
had a forbearance going with gmac when I found out they stated foreclosure on property called and was told they had sold my note
started dealing with provident funding mean time gmac canceled sale after I CALLED LAW FIRM who filed papersI was going threw the mod mess when gmac again went though with the foreclosure sale before…
How can I tell if a VA foreclosure is no longer listed because it sold, or if it might go back on the market again?
There was a lovely VA property that was for sale, then wasn't. It is not indicated as "sold" on the original listing agents website, and on the borough property database it is listed as…
offer on shortsale home and then find out home was relisted at higher price.
Looked at a house listed for 119,000. decided to put in an offer and that's when we found out it was short sale. owners accepted offer and we put down the earnest money, and turned in our bank approval…
What's the truth about the ongoing loan modifications and "forensic audits"? Many are still being victimized by unscrupulous
operators. I get a couple of calls weekly from homeowners who heard something on the radio talking about fixing their "toxic" mortgages -- either modifying or doing an "audit". I'm…
RealtyTrac...would it be beneficial in ascertaining the price on a home to buy?
A lot of properties on Trulia don't have details, but only a link to RealtyTrac. (A) Is it worth the monthly fee to get access to this website? (B) Will we get contact info to make offers to the appropriate…
I'm looking for an investment property or vacation property with-in 50 miles around metro New York City.
at least 2 bedrooms 1.5 baths. In an area that is up and coming or being revitalized. Looking for a low priced deal.
We are behind on our HOA fees. The association has a lien on our property. They are threatening to foreclose. We sent them a payment and tried to
offer 1/2 now and 1/2 next month. They are refusing any payments and said they will forclose. Can they do this?
Should we wait out this Fannie Mae foreclosure freeze?
We fell in love with a Fannie Mae foreclosure condo in Jax. Our bid was accepted the first week of August. Our loan officer & agent told us we would close quickly. It took weeks to find out out that…
My question about Short Sale
I lost my job and my husband still continues to work.Half of our monthly income went to out mortgage which is a interest only. I have tried previously to work with the bank(Chase) and let them know about…
What percent of the listing price would be considered a strong offer on an REO property (Freddie Mac), with consideration that it is a cash offer and?
asking for ZERO closing costs and asking for a quick (21 day) close of escrow. I was told there was another offer on the property. I appreciate your input.
I reside in staten island new yourk... I am in the process of getting a discharge from my bankrupcy so far my house has maybe 15000 in positive equit
I need to have a person familiar with new york law to guide me with if i should sells now while ill probably have to wait 3-5 months for house to be sold or stay in home till i receive a letter then ask…
How to obtain info on Foreclosures in a neighborhood and how to contact the showing party to proceed?
How to get a list of foreclosures in a neighborhood? Trulia lists the properties listed for sale, though there is no address or info on the foreclosures or who to contact to see and proceed further. Specifically…
Are auctions scheduled for this Friday Nov. 26th in San Bernadino County still on?
Or because of the Thanksgiving holiday, does anyone know if they'll all be postponed til Monday Nov. 29th?
During the foreclosure process can the Redemption Period last more than 90 days after a Notice of Default is filed?
We carry the note on the above mentioned property and did not publish the sale because the debtor paid a small part of back payments due and started making regular payments after that. She is still behind…
Is this house on 2391 Potomac Ave York PA 17404 for sale?
I friend in the neighborhood saw that no one has been residing in the home and it was up for sale, but then the sign was taken down. No one is living their, the propery is neglected. Is it for sale and…
Foreclosure and retirement, We have 3 homes a primary in Chicago $200,000 no equity and losing value, a short term rental in Kissimmee Florida
(underwater by $40,000) and a vacation home in Florence Arizona (Underwater by $100,000). So far I have been able to keep making payments and have great credit. We are looking for our Retirement home…
In contract for foreclosure...appraiser sent by lender says he is employee of the lender. ..but the name on the appraisal is the lender &
appraisal co 1) I asked the appraiser for his card for future purchases, he said he was an employee of my lender, and that he had no cards...that he worked for the bank that is my lender. The appraisal…
waiting for a short sale to be approved and I received a foreclosure letter, what can I do? i have offers for my house...
I am waiting from the Bank of America to approved my short sale, ( I start the process 3 months ago) but they send me a letter with foreclosure intentions and my time is almost finish, I only have 12…
Waiting on a MHA Mod from B of A for over a year. Home now in foreclosure. Why am I getting letters from Lawyers trying to represent me?
I call every other day to check the status and no one knows. Underwriting has had it numerous times, appeals have been granted/approved. No sale date but wonder if in danger of losing.
If a deficiency judgement is pursued by the bank, IF PMI was paid throughout the loan( up until the late payments), is the PMI responsible to pay?
I purchased my codo for $132K back in 2007. As of today 7 units that never sold are on the market for $65K less than my condo, and the first forclosure in my building (26 units, 16 are either for sale,…
A loan modification wont work for my situation, does anyone have any more advice?
My uncle is 5 months behind on his morgage and I want to rent his house for what he pays in morgage. But his morgage is a $150 more then I can afford. He cant do the home modification because he doesnt…
My husband and I live in Columbia, SC and we are in bankruptcy. Our home is also in foreclosure because we
have chose to let the home go because we have a problem with the recurrance of mold in our home.Over two years ago our ins. copany paid for the clean up of the mold, but it has returned. I believe that…
Why Are We Drowning (literally) In Western Pennsylvania?
Everyone Says the "Foreclose Services Business is Booming". Why not in Western Pennsylvania? The Out-State-Nationwide preservation companies get all the HUD and Fannie Mae jobs then want…
How Much Would You Pay For Sale Cleaning Or Preservation Services as a Realtor, Investor or Listing Agent?
I really want to set average fees for services we provide. Your inputs as Real Estate Professionals is highly solicited. I want to attract new clients and not scare them away. https://sites.google.…
just a couple questions on foreclosure cleanups
what license is it that you need to obtain to start up a property preservation(A) how much does it cost(B)how long does it take to obtain(C) is there an exam or test?
foreclosure cleanout questions
can some of you specialist gimme an average on a foreclosure cleanout nothing to specific just a round about i understand the hourly times how long it will take method plus overhead i was just wondering…
i haven't made a housepymt for 1 yr., because of loss of job, health. Looking at moving, don't want to lose evythg, boa told us to not pay
4 lwr rates we called boa and asked for lower rates over a year ago, we had 750 credit rating, boa would not lower our rates, and get us out of a arm. I was unemployed for 2.5 years, we were desperate…
Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer