foreclosed houses
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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 ...
Foreclosure Question
Asked by H.H. from Detroit
on June 28, 2007
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My husband and I are considering putting up our home for sale in hopes of buying a foreclosed home in an area where we would stay for a long time. Does anyone know if ...
Answers
- Hello H., I have been looking at homes for the last few months. I have put in an offer on a foreclosed home and it is different than buying a house regularly. The...
- Hi H., I am a real estate broker, and yes foreclosures are a little different than a regular sale becuase of the bank owning the property. If you want to send me a ...
- Hello H. I have just place to ask that question check out this wedsite .. C. http://buildlastingsuccessteam.com/direct.php?id=B###-###-####&password=corn8
I'm STUCK!
Asked by A.E. from Dallas
on March 1, 2012
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My partner and I had our house built from the ground up in 2005. We have had 2 children since then and are looking to move into the Mansfield area but what we owe in o...
Answers
- Foreclosures on their own do not drop the value of the other homes. We had four foreclosed on in our subdivision and it did not effect the value of the other homes at...
- We're in the same boat as you are. We have four children in a 3 bedroom, 2 bath, less than 1500 square foot home and a fifth in college who comes home for visits. We...
- Get a property manager, rent it out. Try to sell when the market gets better.
Looking for a Good Realtor Referral
Asked by C.D. from Phoenix
on May 26, 2009
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I'm looking to buy our first home here in the Gilbert area. Last year, we worked with a Realtor, but felt pressured and did not have a pleasant experience at all. I'm ...
Answers
- I totally recommend Ginny Leadford. My family alone has used her 6 times. We bought 2 homes and sold 1 through her and my brother in law bought 2 homes and sold 1 th...
- Hi C., My name is D. Dolezal, I am a Realtor for Prudential Arizona Properties. I maintain a Brokers license. I would love to have the opportunity to meet you hom...
- You really should try Bob and Mary Caldwell. They have a website at www.thecaldwellteam.com. They were our neighbors in our neighborhood and then they helped us sell...
What Questions Should We Ask?
Asked by V.W. from Minneapolis
on February 1, 2012
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My boyfriend and I are going to look at a house this Saturday. Yes, my boyfriend. Please no more lectures on this. As I have stated before we are planning on having a ...
Answers
- Ask to see the history of the utilities bills. Ask if the house has had a home inspection done recently. Ask what the taxes are annually. Ask for any informat...
- Ask about problem areas, they have to tell you if there is a problem with the house that will need addressed. Make the sell on whether it passes inspection and get yo...
- Home Inspector - this is a MUST (and ask him/her how often his customers DON'T buy b/c of problems he's found) Water damage? Fire? Length vacant? Frozen pi...
Should I Foreclose on My Home?
Asked by N.O. from Detroit
on April 26, 2009
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My husband and I have been living in our home for almost 6 years. We love our home and we have done alot of work to since we bought it. I'm grateful that we both have...
Answers
- I understand you dilemma. However, you will be so disappointed if you think that affluence will automatically equate to better breeding. My sister & BIL's neighborhood...
- i can understand that if the neighborhood is getting bad that is one reason to move, but i think too many people are "giving up" on their houses and foreclosing for wr...
- Hi N., I am in somewhat of the same situation, we have 2 issues, one our neighborhood is going down hill and we have outgrown our house. We spoke with a realtor and t...
Selling a House? Have You Had Any Traffic/showings?
Asked by S.H. from Dallas
on January 26, 2009
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Just a question for anyone out there selling a house right now or recently sold? Our agent is telling us our situation is normal....is it really? Is it the same for ...
Answers
- It is the market, but it should pick up in Feb. If not check the price, I must be priced right and you should consider stagging it. 98% of homes staged sell. All th...
- We had our house on the market for about a month last summer and didn't get one showing. It was listed for about $10K below market value. I didn't know it at the tim...
- It has been pretty slow lately. We have had little showings on our sale houses and lots of showings on our rentals. People are still buying now though. You may want...
Husband’s Business Was Not Successfully
Asked by J.L. from Kansas City
on September 30, 2010
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My husband started a business five years ago. It was buying real estate and turning it into rentals. I supported him in every way. He refinance the propteris to have m...
Answers
- No one wants to file for bankruptcy- from what I understand it's an incredibly invasive and agonizing process. However, you and your husband should meet with someone ...
- If he works all the time where is the money he is making? It sounds to me like he was not very reasonable in his efforts to starts a business and now he wants you to c...
- J. L. I suggest you meet with a financial advisor, or at the very least your accountant. Never mind the credit which is really important specially in his line of wor...
How Would You Feel???
Asked by M.O. from Chicago
on February 20, 2012
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I just learned from my former SIL that my mother is "bailing out" my brother from having his home foreclosed on.
Now I understand that this is a sensitive subjec...
Answers
- You know and I know that bailing him out is like giving a drunk a drink. She IS enabling him. You say "She knows I think she enables my brother and his bad habits an...
- I completely understand where you're coming from. Just remind yourself that it's your brother's hole, and your mother's choice to fill it up. And that means that wha...
- Honestly, as much as I understand why you are upset---its not your place to be involved in your mom's financial business. She doesn't have to tell you. She is a big gi...
Put in a Very Uncomfortable Situation
Asked by N.S. from Austin
on April 27, 2011
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I don't want to get into too many personal financial details, so I will try and keep this really simple. DH and I previously owned a home, sold at a significant loss ...
Answers
- I would say walk away, but i'm wondering if you have posted before and are currently living with the inlaws and that might be worth the debt just to get away. but it ...
- i'd be upset too. i'm so sorry that your hopes were raised. but i agree with the advice to walk away. it WILL get better. and your dream home will be out there when ...
- A gift is different from a loan. A loan means more debt. If you accept a loan, then you should go into the purchase knowing you are financially able to pay off both ...
