bank foreclosures
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Foreclosures Homes
Asked by S.J. from Tampa
on July 4, 2008
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hi guys,
i heard a commercial on the radio about a companie that has foreclosures homes for sales and it's easy to be qualified. they can get you qualified with no ...
Answers
- Just make sure you do your research on the foreclosed home market. My hubby and I were looking into buying one as a second home to either rent or use when our family ...
- there is a great program called first time byers program, you can get into a home, new or used, with as little as $00.00 to $1,000.00. all the real estate agents know...
- Too good to be true, usually is just that. You don't want to jeopardize your credit on a scam. Many of the banks have listed Bank Owned homes on their individual web...
Foreclosures
Asked by K.D. from Dallas
on October 9, 2011
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Does anyone know how to get access to free foreclosure listings? We are not ready to consult a realtor as of yet, so I would like information on how to do this on my o...
Answers
- Want to move to AZ? Our house is getting ready to foreclose. It's a long process though..... I think a Realtor can send you a link with foreclosures. On Yahoo, they...
- You should be able to do it by googling "bank foreclosures in Frisco, TX".
- If you use the site Trulia dot com, you can select 'foreclosures' in your search. The problem is you won't usually get any pics for the home or any detailed info, not...
Foreclosures
Asked by B.B. from San Francisco
on May 11, 2008
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I'm not a real estate/mortgage expert at all but I was just wondering it seems like everywhere I turn people are either "walking away" from their house or house going ...
Answers
- Walking away means that you allow the lender to foreclose on your home and YES it does have consequences! It's not easy, it's stressful and To have your home foreclos...
- When a homeowner "walks away" from their home....it simply means that they are moving out of their home and letting the bank have it. Unfortunately, we find ourselves ...
- B. ~ "Walking away" means that you just stop paying on your mortgage and let the home go into foreclosure. Yes, it affects their credit history for anywhere from 2 to...
Foreclosures and Garnishments MI
Asked by D.P. from Detroit
on November 8, 2011
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We are in Michigan and are planning on moving out of state next year. We can try to sell the house, even go for a short sale...but if things don't happen as we hoped a...
Answers
- Sounds like you need to make an appointment with a real estate lawyer to discuss your concerns. They will charge you an hourly rate, but with something this serious it...
- Please look into the new federal programs that help with selling a house or refinancing. And yes - wages can be garnished by a lender in Michigan. Will they with the n...
- D.: Instead of going into a short sale or a foreclosure - rent the house out. Don't just walk away from the property....it affects more than just you. I don't know ...
Countrywide/ Bank of America Home Loan Unsecured>?
Asked by J.F. from Philadelphia
on June 20, 2011
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I have a question. I saw in the news that all of Countrywides home loans that were sold to BOA were unsecured and never had proper paperwork, so technially the people...
Answers
- Ha! We bought our house in 2008 and closed through CountryWide. Then of course it was transferred to BoA. However, when we tried to ask for help it was always the same...
- It won't get you out of a foreclosure, but it might extend it longer while the paperwork is sorted out. However, BofA is one of the lenders who is somewhat willing ...
- I disagree w/ Catherine (with my parents situation anyways and I'm sure there are a lot of others in the same boat). BoA is hard as heck to deal w/ to get a remod or ...
Purchasing a Short Sale or Foreclosed Home
Asked by R.W. from Salt Lake City
on March 4, 2011
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Hi, we are looking at purchasing a home and am seeing tons of short sales and foreclosures in our area at AMAZING prices. We are prepared to put 20% down on a home in...
Answers
- I have limited experience with each, but my experience with foreclosures is that a lot of times the people remain squatting for quite some time, neglecting the house a...
- We recently closed (last week) on a short sale. It took 5 MONTHS from our initial offer to close -- and this was not contingent on our selling anything first. Our firs...
- We sold our house on short sale a few years ago. Basically, it's selling it for less than owed, but avoiding foreclosure. I know that we had less "wiggle room" as far ...
Another House Finance Question
Asked by J.G. from Chicago
on April 11, 2012
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Hubby and I decided not to refinance our house. Our ARM is set to go down, and we did some calculations and figured we'd save a lot more by putting the savings at the ...
Answers
- Impressive credit score since 850 is the highest possible. :p You need to relax about the foreclosures. Unless the people who were foreclosed on did major damage t...
- HI, Well I hate to burst your bubble on the credit scores. You might be looking at what is called the Vantgage credit score.. Fico scoring is what all lenders for Mo...
- If there are a couple of foreclosures in your neighborhood, I would think this is a terrible time to try and sell. I suppose the market in your area could get worse, ...
Need Info About Renting/foreclosure
Asked by J.R. from Detroit
on January 3, 2010
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My house has been rented out by my niece for a yr and she is ready to move out.I am afraid that we wont find a renter and that we will need to let the house go..but we...
Answers
- Whether or not they will come after your business relates to the underlying loan documents for your business and whether the mortgage on the rental is with the same ba...
- Have faith and be positive. Simple but not always easy, I know. Foreclosures usually take a year to happen. If your financial institution knows you are working ...
- Go for a free consultation with a bk lawyer..and then another, and then talk to your accountant.
Renting a House That Is Being Foreclosed On
Asked by R.J. from San Francisco
on May 12, 2008
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My oldest son is renting a house and he received a notice about the house being foreclosed on and put up for auction. The bank told him not to pay rent as the bank now...
Answers
- go to www.caltenantlaw.com or just Google California Renter's rights - that's how I found it. If your son meets income requirements he may be eligible to get help fro...
- Rhonda, I work for a state Agency and here's what you should do... The Deptartment of Consumer Affairs has an entire handbook on line that is called the Tenant/Landl...
- My friend is also in a home (renting) that has recently been foreclosed on and is not paying rent. The previous owners are not the owner's now so they are under no obl...
Concerned About a Friend - Foreclosure
Asked by L.M. from New York
on July 2, 2011
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How does a foreclosure work?
I'm very concerned about my friend. I don't know all the details, but she told me about a month ago she was 3 months past due on her m...
Answers
- We are at the end of a short-sale thru our mtge co. We are actually closing on the 29th of this month w/our house. The bank should've been offered them loan modifi...
- She needs to be the one figuring this stuff out. JMO.
- I don't feel bad for people (as you described) like this. Sounds like they didn't care so why should you? With this mortgage crisis it's hard to say how long the b...