properties foreclosure
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Foreclosure
Asked by E.B. from Miami
on June 4, 2010
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This might be a bit personal to ask on here.... but what the heck I need "outside the box" opinion.
Should we walk away or should we fight it. We got our foreclosure...
Answers
- E.: My advice may be harsh but I am going to talk to you like I would a friend who needs a reality check. Is your family worth fighting for? It sounds like you...
- If you do choose to stay there is a program right now called making home affordable that would take your current loan and modify it to a lower payment. Here is the web...
- I have to be harsh right now. I read some of your other questions. It sounds like you had the money, but just chose to spend it on other things. I went through ban...
Removal of Liens on Foreclosure
Asked by C.D. from Sarasota
on May 13, 2010
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My husband owns a Marble Company and we also own a Condo that has gone into foreclosure and his clients have placed about 15 liens on this condo, we are now in the pro...
Answers
- You start with a lawyer. Seriously, with divorce proceedings, a condo in foreclosure, and business dealings mixed in with all that, you shouldn't do anything until you...
- Definitely speak to an attorney. Some liens need to be renewed every year to be valid some dont. You want to talk to an attorney pronto
- I cant tell you how but I can tell you that a mortgage broker could probably give you the best advice on something like that!
Our Landlord Is in foreclosure..need Advice!
Asked by T.J. from Seattle
on June 22, 2009
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So after our landlord first tried to sell our rental house, we received notice that he is in foreclosure! The house will be sold on 9/11/2009 if he does not "catch up"...
Answers
- Hello TJ, stay calm, contact your state office, ask for then research the landlord tenant act in your state. there should be laws on the books that protect landlord...
- I am somewhat new to this state, but my advice it to check the renter's hotline to see legally what can be done. You have rights too. My guess it is an office in Sea...
- You can get free 1/2 hour legal advice from Washington lawyers. Contact the Wa State Bar to find one close to you. They will tell you your options. You can also go to ...
We've Been 1099 for a Foreclosure
Asked by K.G. from Fort Wayne
on January 23, 2012
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Ok who here has been foreclosed on for whatever reason. And then was 1099 for it (which I expected) but then the bank over inflated the value of the home against the p...
Answers
- My understanding is that if you are issued a 1099-C, the bank has, in fact, written off the debt. They cannot pursue you for the amount owed ("judgment of deficiency")...
- @Ashley- Obama didn't do the tax - it's from 2007 - BEFORE Obama took office. It's a Bush thing.... K. - are you talking about property tax appraisals or actual hom...
- I defer to Jo on this because she is very knowledgable about taxes, but I wonder if you could force the bank to amend that 1099 over the home value of the house. ...
Is There Such a Thing as a FREE Foreclosure Listing Website?
Asked by D.E. from Dallas
on March 20, 2012
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My husband and I have recently put our home up for sale, so we are starting to look at areas and homes, land, etc that we may be interested in. We came across a forec...
Answers
- We've also been looking at www.homepath.com --they are Freddimac foreclosures.
- http://foreclosures.bankofamerica.com/real_estate_owned https://servicing.chase.com/reo/property/FeaturedProperties http://reo.wellsfargo.com/ Or you can Google R...
- Have you checked zillow.com? It doesn't list just foreclosures, but it includes them.
First Time Home Buyer
Asked by M.H. from Chicago
on May 23, 2009
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What's the best options for buying a home for the first time and what are my best options as far as getting a good loan or even no down payment options, It's a foreclo...
Answers
- I am a loan officer - if you want more information and to get pre-approved, send me a message. Basically there are only 2 types of loans that you can get now for no ...
- Do you or your husband have military experience? It's pretty easy to go through the VA for a loan, especially if you are not putting down any or little money. Friend...
- Congrats! First and foremost get a real estate attorney who knows about foreclosures to guide you through the process. We are in the process of buying one and in our...
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 ...
Any Input Positive/negative About Home Owners Associations
Asked by C.R. from Dallas
on July 19, 2010
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Hello Moms, you have been a great help of advice on helping us move to a new home. I have another question.
We are looking in the Rockwall/Rowlett area for a new home...
Answers
- Seems nobody likes HOA's. I personally love my HOA. But I also came from a neighborhood that did not have an HOA. Our old neighbor was cleaning up forclosure homes a...
- We have 1, our fees aren't high. We have lived here for 12 years and I have never had a problem with mine. I didn't know they could foreclose on your house, don't bank...
- We have a HOA but we also live in a townhouse division so it might be a different situation if you are getting a single family home. I like our HOA it's some of the c...
House Going Under
Asked by M.P. from Dallas
on September 24, 2008
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Someone has approached me with a situation that I know nothing about. They are in the situation of walking away from their home. They contacted investors to purchase...
Answers
Foreclosed Home
Asked by S.C. from Detroit
on March 8, 2011
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We aren't really sure if our home is in forclosure we assume that it should be bc we stopped paying on it almost a yr ago (its a rental home) I stopped the insurance ...
Answers
- If you haven't paid for the home in over a year, then by all means give it up and let go of that stress. Are renter's paying you and then you are turning around and us...
- I think she is saying that she owns her home that she live in and owns another home that she rented out which she isn't paying on now
- If you don't have a lawyer call the Bar Association in your county or city. They will give you a referral to a lawyer who will charge you $35 or maybe a bit more but ...