Upcoming Foreclosures
Foreclosures Bank Owned Knowledge Base
How do I find a list of bank owned foreclosures in my area? We are looking to buy a house and have the benefit of being able to pay cash. I feel that I would be able to leverage this the most by buying a foreclosed property off a bank at a discount. Unfortunately this real estate market has made many lose their homes, we were fortunate enough not to be in the real estate market and want to take advantage of the opportunity. I am in Connecticut.
Who has the BEST website (paid or free) to locate foreclosures and bank owned properties? I am considering a career change and have 350,000 to invest in the home foreclosure market with the intention of fixing the homes and keeping as rentals or flipping them.
Who pays the property taxes on bank owned properties (foreclosures)? Considering the fact that bank owned properties (foreclosures) remain on the market in some cases for years, who is responsible for the taxes on these properties .
help with understanding bank owned foreclosures? If a bank owns a house that is worth 200,000 lets say. And lets also say that all that is owed on the house is 100,000. As a buyer, if I put in a bid of 115,000(to cover closing costs) is the bank going to accept this offer. I heard a rumor that all the bank wants to do is collect the money owed on the house and whatever they recieve after that, they give to the original owners. Is this true? Help clarify some of this for me. I am in the state of Texas if that makes a difference. Thanks. Ya but lets say that whatever I am offering is covering all of the banks cost, if this is so, then what's to say that the bank won't sell me the house with a low-ball price?
i would like to find cheap bank owned foreclosures,,, could you help.? i live in nyc and nJ y older brothe has this great application his iphone and he can find a foreclosure nearby with ease, is there a similar way to do it on the computer? he gets prices, pictures and an easy to use map... please help. thanks, Alex nyc
im looking to buy a house in flushing, new york at foreclosures or bank owned. how do i get a list? ? I was told to a courthouse. where is it? is there a site. thanks
What happens after you make an offer on a bank-owned home? I'm getting ready to buy my first house, so I don't know too much about the process. Since I don't have money, all the houses I'm looking at are foreclosures or bank owned. What happens when you make an offer on the house? If the bank accepts your offer, are you legally bound to follow through or is there some leeway?
questions about bank-owned foreclosures.? are there any hidden disadvantages to buying a bank-owned home? if you have any knowledge that would help me in any other way regarding to this question it would be grate if you could add that to! thanks ;D
Bank Owned Homes? Foreclosures? Does anyone know a good website where I can find bank owned homes and/or foreclosures and I can get full detail about the house or at least a little bit detail? But I need the address, and it has to be in the 48212 area code. Thank You.
Can you rent a house that is in foreclosure/bank owned? We are renting in NW Indiana. If this is possible, who can you inquire about with?
How do you buy a house that is in foreclosure or bank owned? We are looking to buy a home and have seen several homes in our area that are foreclosed (bank owned). How do you go about buying these homes? Can you really buy one of these homes?
Questions about carrying costs for a bank-owned foreclosure property? I can’t find any internet sources on this so hopefully someone here can help. I am more than willing to do the calculations myself if someone has a formula for this. If a bank foreclosed on a mortgage that was somewhere between $150-160,000, what would it cost that bank per month in carrying costs? If you can’t give me a number, can you at least define "carrying costs?" I understand that it’s the cost of owning the home until it sells, but what items/expenses make up the actual cost? Is it just the foregone mortgage payments? Thanks so much in advance!
How much should I offer on this Foreclosure/Bank Owned Home? The house was built in 2000, was sold in 2002 for $144k and is now listed at $132k. The bank took ownership of the home in October of 2007 so they have been holding onto for a long time. It is owned by Wells Fargo. Comps in the area are ranging from $130-$160. What should I offer and what should I expect to pay for the home? It is located in Rockford Michigan which is north of Grand Rapids.
Why do bank owned foreclosures resell for 3 times or more than what the foreclosure was assumed? With SO many foreclosures on the market and hundreds more every day, WHY are the REO's so expensive and hard to negotiate with? Quite often that county's property appraiser's office will show what the note was bought for and the resale price is quite hefty! I tried to negotiate with Fanny Mae TWICE on 2 different properties and they stubbornly held to their selling price of 3 times over the foreclosed amount! This was BEFORE the Fannie Mae/Freddie Mac collapse! No pity for them here! To: monkeypb...I thought Freddie Mac AND Fannie Mae DID get bailed out?
There is a bank owned foreclosure that has been vacant for 4 years and I am interested in it how do I get it? The house is not on the market and the bank claims they have no record of the house, but they are paying the taxes on the house and the city forestry bills when the city cuts the grass. How do I go about getting this house. It is falling apart and I can't get a straight answer from anyone. Wells fargo bank is on the deed as owners and they are paying all the bills........
Bank Owned Foreclosure? How do I go about buying a house in foreclosure/bank owned? Will banks finance properties in foreclosure? Do you think foreclosures are a good investment?
Can I get a loan on a bank-owned foreclosure anywhere? I'm looking into purchasing a condo that has been foreclosed and is now owned by a bank. It's priced at around $37K. Would I be able to shop around for a loan anywhere I want? Or are there certain restrictions on where/who I can get a loan from when it comes to these types of properties?
If I wanted to buy a Bank Owned Foreclosure property with cash (one payment) would I need a real estate broker? I am a buyer, with cash, one payment. Would I have to pay the real estate broker for anything? What other fees or taxes might apply? I should be able to negotiate the list price down significantly because I am paying without a mortgage loan and up front? Yes, I saw those books at Barnes & Noble a few days ago and am planning on purchasing them. I saw a few more that might help me as well. Thanks for reassuring that idea.
foreclosures, auctions, bank owned...im confused? allright, i was on Yahoo! Real Estate and they have all these auctioned homes and my question was, if i am the winning bidder, do i have to have the cash ready right then and there? or can there be a loan? im in GA is it true that there is no redemption period in GA? what do i need to look out for? whats the catch i guess...thanks for your help
I want to buy a bank owned foreclosure home with cash. How do I begin? I live in Albuquerque, NM.
Real estate question, What was your experience in buying a bank owned foreclosure? How much was it listed at? How much did you get it at? Was the house in decent shape or needed lots of repairs? How long did the whole process take? Just researching. Also Im more interested about the less than 30 thousand dallor stories then higher ones.
How long can a bank owned foreclosure last on the market in maryland right now at the beginning of winter? It is close to Washington dc for less than 50K, SFH, as is, needs major fixes, they are offering it for a renovation loan or a cash deal
Do bank counters offer higher than the asking price for a bank owned foreclosure house? For example if you offer for the asking price will they close it asap or counteroffer for a higher price?
real estate bank owned foreclosure question? When you see a bank owned foreclosure that is listed for 20 thousand dollars, will it be just a matter of contacting the bank and offering 20 thousand dallors or will the amount grow higher if more people are interested? I heard that the bank will counter offer you and it will be even higher so just wondering how it works?
i found a house that i want to purchase. Its a bank owned foreclosure? It has been on the market almost 3 months 70 + days. Its listed at 289,000 what should i offer?
where can i find foreclosure or bank owned houses? around murieta,canyon lake,quail valley,sun city,temecula and lake elsinore.for free.so i can contact the owner or realtor with no membership or trials without a credit card.
I want to makeoffer on this BANK OWNED FORECLOSURE house.How much do you think will they COUNTEROFFER? This is the house: http://www.realtor.com/realestateandhomes-detail/8513-Copper-Knoll-Avenue_Las-Vegas_NV_89129_M11822-45537 Currently there have been no offers for it and I would like to offer probably less than $200,000. I would like to know approximately when will the Bank will respond and what do you think how much will they COUNTEROFFER?
Are bank owned houses REO's and short sales asking prices negotiable? I wanted to know if bank foreclosures REO's and short sale home asking prices are negotiable? Do banks ever accept a lower offering price for property? Since REO (Real Estate Owned) is a property that goes back to the mortgage company after an unsuccessful foreclosure auction.
how long can a bank owned foreclosure last on the market in maryland right now at the beginning of winter? close to Washington dc for less than 50K, SFH, as is, nees major fixes an estimate in months or days would be nice, thanks
how do some foreclosure properties end up as auctions and others as bank-owned? In my zip code, we have about 93 properties that are foreclosures according to Trulia. Most of them are listed as auctions, but some are listed as bank owned. I don't know anything and so I would think that the lending company would own all of the houses. Are the bank owned properties just not yet scheduled for auction? Or have they failed to be auctioned?
I want to make offer on this BANK OWNED FORECLOSURE house.when will the Bank will respond? This is the house: http://www.realtor.com/realestateandhomes-detail/8513-Copper-Knoll-Avenue_Las-Vegas_NV_89129_M11822-45537 Currently there have been no offers for it and I would like to offer probably less than $200,000. I would like to know approximately when will the Bank will respond and what do you think how much will they COUNTEROFFER?
I am purchasing a bank-owned foreclosure..? It needs some work. I just need some prices as to what it costs to do the following; Completely renovate 10x20 Kitchen Completely renovate 5x9 Bathroom Replace approx. 20 Windows Restore 1000 sq. feet of hard wood flooring
How do you buy a foreclosure that is bank owned?? Or just find a foreclosure to bid on but you done have cash, with a loan.
Looking for Bank Owned or Foreclosure Income Properties (4+ Units).. Help!? I am looking for a good deal on an apartment complex as an investment. I know there are foreclosure sites out there, but I can not find any sites to find commercial or multi-unit foreclosures and bank owned properties (REO). Can anyone help lead me in the right direction? Thank you so much everyone!
Bank foreclosures? Does anyone know about bank owned foreclosures in nj. Someone told me banks had lists of foreclosures and I could buy a house for 200.00. Although the question may seem dumb or naive on many levels please don't answer if you don't have anything productive to say. Your sarcasm is not appreciated. For those who answered with other alternatives I am grateful for you assistance.
How do I buy foreclosed home/short sale/bank owned.? I am having a really hard time buying a house. After a few weeks of trying by myself to buy a home. I have come to realize that I REALLY need an agent. I have a month to buy a home and have come across the "short sale" which can take up to 3 months. I have been approved for 200k. I want a townhouse and it seems like all the homes I can afford are way out of town. At the same time I see hundreds of homes in short sale and foreclosures. Here are my questions hopefully you can help me out. 1) If I make an offer 5k-10k higher than asking price on short sale, will the accept faster or will it still take the same amount of time? 2) If I go with bank owned/REO should I have a realtor and also what is the wait time on the approval. 3) What is the best way in going about buying a home in foreclosure/bank owned/short sale?
Bank Owned properties: How do I get information about REO for free? I have found some houses that are currently bank owned (I assume a REO). I have found these through a site that lists pre-foreclosures, foreclosed houses up for auctions, and bank owned properties... But it won't list the address, or anything about when the auctions are, and I have no idea who to contact if I am interested in this house without paying for the service. Are these records listed for free anywhere? Can I go to the cityhall of the city the house is in? Do I have to go to each bank to find it out?
How can I find out what bank holds ownership of a foreclosed home? I am interested in house listed as a foreclosure bank owned, but need to know how much money is needed to acquire it. I don't know what bank to contact. How can I find out, or can I?
Where can I find a list of foreclosures without paying some website? I am looking to find lists of bank owned foreclosures in California, but I do not want to pay some website $50 to do a search for me. I know B of A has a search, but there are only a couple of listings. Does anyone know how I can get a list of foreclosures in California without having to pay anything? Thanks in advance!
where can i find foreclosure or bank owned homes? around riverside county,canyon lake,quail valley,sun city,temecula,murrite,moreno valley,and lake elsinore.
How long does it take bank to put a bank owned sign on a home in foreclosure? Husband and I own two homes, we rent one out. We have a lot of problems with renting. We're trying to keep 2nd home but depend on renters to cover mortgage. Home is not in foreclosure but if we have to let rental go, when will the bank place sign? Will current renters know about foreclosure BEFORE sign is up? It is a month to month agreement.
Do you have to go the auction to buy a foreclosure, pre-foreclosure, or bank owned homes? Whats the difference between foreclosure and pre foreclosure
Looking for Bank Owned or Foreclosure Income Properties (4+ Units)? I am looking for a good deal on an apartment complex as an investment. I know there are foreclosure sites out there, but I can not find any sites to find commercial or multi-unit foreclosures and bank owned properties (REO). Can anyone help lead me in the right direction? Thank you so much everyone!
Where can I find foreclosure,auction and bank owned listings? Where can I find foreclosure,auction and bank owned listings without paying a fee to a website? Most real estate agents will not help you find these either. I've been told by real estate agents in my area they do not deal with them. There's no need for a loan we are paying cash.
Backing out a bank owned foreclosure home contract? recently submitted an offer on a bank owned foreclosure home (already paid the 1000 earnest money and another 5000 dollars as required down payment), the bank accepted my offer, however, after 2 home inspections done to the house. I realized that the hidden problem with the house and the work/money I have to put into the house to make it move in ready is beyond what I can handle at this moment. The house is sell as it is per bank, is it still to late to back out the contract, or can I negotiate/ask the bank of fix some of the stuff. (some of the issues to me/home inspector is really safety issues, can I use that as a ground to break the contract and get my money back? Please help, I am hopeless. thank you very much!
How long does it take for a Bank Owned Property to be listed on HUD.gov? I have found a house that has gone through the foreclosure process and is now bank owned or REO. Called the bank, which said it is an investment property. Got the contact information and was told the house is going to HUD. The house is not listed on HUD.gov. So, how long will it take for the house to be listed on HUD.gov?
Realtytrac categorizes homes into 4 types (Pre-Foreclosure, Auction, Bank-owned, Homes for Sale). What's the..? difference between Bank-Owned and Homes for Sale? I see some of these "Bank-Owned" homes dating back to August 2008. Have they really been in inventory for that long and why would banks leave them there?
what will banks do with existing foreclosures? i have a offer pending with a bank for a bank owned foreclosure. Didnt know if they might reject my offer and wait for a bail out.
Since there are so many foreclosures, why do you have to pay to get the listings? Are there any ways to find foreclosures and bank owned homes without signing up for a service that costs you money?
bank owned foreclosure? how does financing work on a bank owned for closure, could a person still get the FHA or special financing.
How do I purchase a foreclosure home that is owned by the bank? I have found several home in foreclosure that the property is owned by the bank what is the next step? How do I find the MLS numbers and addresses? How do I find out if the price listed is the selling price? How to bid on the property?
Will a bank pay or replace appliances in a home if you want to buy it? I would like to buy a home, but would like the seller (a bank) to make some repairs or replace a couple of large appliances (furnace, hot water heater). Is it ok that I ask them to do this and how likely are they to do it? This is a bank owned foreclosure.
How to find the Lowball price of any bank owned property? I am searching some properties and was looking at some foreclosures and bank owned properties. Before bidding I wanted to know how to find a lowball price for the property. 1) what factors can I take into considerations with which I can bid my offer ? 2) how does a bank determine what offers they can accept? 3) Is there a way we can talk to the bank directly and find the price what they are looking for the home, this will help us either decide whether we can get that property or not. Rather than waiting for 2-3 months and at the end we are rejected.
The the property I live in is now bank owned as a result as a foreclosure. Do I now owe rent to the bank? I have been paying rent to the landlord for the past few months, as I know I should have. Tonight, I found out the bank owns the house. My rent is due tomorrow. I face a Cash for Keys offer or the 90 day option under federal law. In the mean time, do I owe rent to the new owner - the bank?
Bank Owned Home sale / Higher offer? I am looking into buying a bank owned foreclosure which is being sold by a realtor. I called on the listing and the realtor said the house has already had an accepted offer and that they would call me back if it doesn't sell. I asked if I can put in a higher offer and they said no, because the bank is not accepting higher bids. Does this sound right? I figured the bank would want more money and I should have the right to put in another offer before the home closes.
Can someone define these terms to a student researching foreclosures? I compiled a list of foreclosures off realtytrac.com and I am doing a demographic study of the affected zip code. The web site differentiates between the following terms: Pre-foreclosure; Auction; Bank-owned; FSBO; Resale Any knowledge at what determines the housing status would be greatly appreciated, it doesnt have to be too detailed, I just want to be able to filter what I need.
Can a bank refuse to look at an offer on a bank-owned foreclosure? A friend of mine has tried to submit an offer on a home that is bank owned. The bank has accepted an offer already, but my friend would like to submit a back up contract. The agent working with the bank has said that he will not submit any other offers as a back up because the bank does not have to look at any additional offers made once they have an accepted contract. Is this true? The property is in Georgia. There is currently an accepted contract on this property. I know that on property that is owned by an individual, the agent has to present ALL offers even if there is already an accepted contract. So I am just trying to find out if when a property is bank owned, the agent is exempt from having to present any other offers? Thanks to everyone who gave informative information. I just spoke with an agent who works with Wells Fargo on their foreclosed properties. He says that it is Wells Fargo's policy that if they have an accepted contract, they will not consider any other offers because they are "proceeding ahead with a positive attitude that the deal will close successfully". I, personally think it would be in their best interest to have a back up contract, but I guess due to the extra paper work a back up contract would create, they would rather not fool with it.
Made offer on a house when will bank respond? We put an offer on the house (bank owned foreclosure) Sunday night, then on Tue we found out it was a multiple offer situation. Someone had put an offer down so we went back to the office and revised our offer Tue Night. How long does it normally take a bank to respond in this type of situation? Thanks so much!
We are trying to buy a bank owned foreclosed home? We are interested in purchasing a home in Florida. It is a bank owned foreclosure and the asking price is $89,900. We put in an offer for $106,000 with seller paying $6,000 in closing cost so the bank will actually make $10,100 more than they were asking. As most people searching for homes now realize this is a very competitive market. They want the highest bid but we really want this house. It's the perfect size age, and it has a heated in ground pool! Has anyone had this happen to them? What was the ending result? FYI all bids needed to be in by noon today (2 hours ago) and we put ours in at 10:30 this morning. The bank (owner of home) called my realtor at 11:30 and asked if that is the highest bid and we confirmed. So I am guessing that is a good sign if they are asking. Please HELP!!! I am already getting anxious and it's been a couple of hours LOL :)
For Realtors and Brokers...can a bank owned foreclosure be sold during the grace period? Our builder/developer declared bankruptcy on the model home and remaining lots in our neighborhood. It went to Sheriff's auction in January. We have found buyers willing to pay MORE than what the bank paid for the model home at the auction but our builder won't sell it. I've asked the bank and they told me it has to go through him? Weird, since they own it now and you'd think would want to sell it. He says that he has a six month grace period to come up with the money and buy it back...he's already declared personal bankruptcy as well, so unless he wins the lotto, its not going to happen. So even though he knows there's a buyer out there, he refuses to give the asking price until July and says it's off the market until then. I've never heard of such a thing...and wonder if any experienced realtors or brokers out there can shed some light on this for me? BTW - we live in Michigan.
What are the advantages/disadvatages of purchasing corporate owned property.? Is it different than foreclosure or Bank owned?
How do I find out how much HUD paid for a foreclosed property? It was owned by a bank before foreclosure.? It was not a HUD property to begin with. After foreclosure HUD ended up with it. I don't want to pay an exhorbitant price if HUD paid pennies on the dollar.
Without buying subscription to anything, how do I find out which homes are bank sales in the area I'm looking? Like, Bank-owned foreclosures.
if a house is "bank owned" but is listed under foreclosure is it still a long proces to buy it when using cash? I am trying to help my disabled mother purchase a house that was listed under foreclosed homes and it says it is bank owned and sold as is I just kind of feel lost I am just wondering when we pay the money for the house is it a long process until the house is actually in my mothers and she will be able to move in or since it is bank owned and we will be paying cash is it gonna be a short process THANK YOU
So, I made an offer on a bank owned foreclosure...? And, I offered 204,900, and I asked for 7500 in closing costs, which is a little more than the standard 3%. Now, another offer has been made (which I'm told is less) and there's apparently another coming in (at least). Expecting either a counter or a better offer than mine, I decided to change my offer to 210,900, which is $1000 over list price. Be real with me, I need some sound advice. What are my chances? Is it even possible with this scenario to calm the stomach bile? This really is our dream house. Thanks in advance, come get the 2 points. -M
Where can I get listing of default/bank owned houses? I read from yahoo answers that you can go to your local courthouses to get a listing of houses in foreclosure. 1. Can anyone clarify if these listings would show houses that are in default? 2. Does it also show a list of houses that are bank owned? 3. Where can I get a listing of houses that are in default? 4. Where can I get a listing of houses that are bank owned? Thanks!
where can i get a list of default/bank owned houses? i read from yahoo answers that you can go to your local courthouses to get a listing of houses in foreclosure. 1. Can anyone clarify if these listings would show houses that are in default? 2. Does it also show a list of houses that are bank owned? 3. Where can I get a listing of houses that are in default? 4. Where can I get a listing of houses that are bank owned? I live in San Francisco. Thanks a lot!
If you as a real estate developer has obtained a driveway easement but you then found out that the bank owned? the property in which the easement of the driveway is over. Then you find out that the bank that owns the property in which the driveway is over and they are having a public foreclosure on the property. Should I be concerned about this? If so, what steps can I take to protect me as the developer?
When an ad for a home says "bank owned", does that mean its a "short sale" or "foreclosure"? What is the difference between the two? 10 points best answer. Thank you! :)
Bank-owned home? Foreclosure? I found a home online that is 'bank-owned'. What does this mean? The website doesn't list the bank, but I have the address of the home. Who would I need to contact about it?
I want a US Bank owned house that's not listed, how do I contact US bank directly? I cannot get in touch with US Bank's real estate owned department. I cannot contact a realtor because this house has been taken off MLS. It's not sold, so I'm not sure how to go about getting this house. It went to foreclosure auction, and I was there to bid on it, but it was taken off the auction block just before it was to be auctioned. Now the foreclosure auction people can't tell me how to find it either. Any help is so appreciated!
Bank Owned Property? What does it mean if a property (house) went into foreclosure then became 'bank owned' then sold? Is there a way to find out who the new owner is?
How do I go about buying a Bank Owned house? The ones that went into foreclosure...do they usually sell for more than what the house forclosed for? Would they sell the house for the foreclosed amount plus closing costs?
How long does it take for a bank to approve of the purchase of a bank owned foreclosed property? I put a full priced offer in on a beautiful brand new home that was in foreclosure. Its been 2 months and still no word. My realtor claims she has contacts that should get back to her but never has...is this normal? I am unaware of anyone buying the house and still appears to be for sale
What are the goods and bads of buying a foreclosed, bank owned, or short-sale house? My wife and I are looking to buy our first home, and one of the houses we're most interested in happens to be a foreclosure. Before we get into anything too deep, I'd like to learn more about what this means, as a buyer, from someone with more experience. Any help would be very much appreciated! Thanks!
What are the pros and cons of buying a foreclosed/short-sale/bank owned house? My wife and I are looking to buy our first home, and one of the houses we're most interested in happens to be a foreclosure. Before we get into anything too deep, I'd like to learn more about what this means, as a buyer, from someone with more experience. Any help would be very much appreciated! Thanks!
How to find bank owned properties in Canada? I don't want to go through foreclosure.com that kind of websites. I would like to get finding info. directly from financial institutions.
WIll a bank trade my condo for there house ? I would like to swap for a bank owned house. I still have equity in my condo, Would a bank consider this an option if they have a property that's about 100k more than my condo. I would refianance with that bank. With foreclosures happening everyday here in Las Vegas . To me it's a win win situation for the bank to move a higher price property and get my loan .
Where can i find bank owned foreclosures? I know that the banks give out their list of R.E.O.'s to brokers. How do i find these brokers? Thank you.
Can you ask bank to de-winterize the home they are selling? I know the home is bank owned and as-is due to a foreclosure and they had winterized it. I would like them to de-winterize it before I have the inspection - so I can have the inspector make sure the plumbing is working right. Will they do that, or will I have to take my chances?
i would like to winterize and secure properties after a foreclosure before the bank resells the properties? i would like to start a small business in central pennsylvania winterizing, securing, interior cleaning, and outside clean-up for curb appeal on bank owned properties (working for the banks) so that the bank can resell the properties. i'm looking for contacts and pricing in this field. i have alot of work experiance in this area but need pricing and how to go about contacting the right people. also looking for any web sites that might help. thank you.
How can I find houses+view info on them(for free) that are foreclosed/vacant,left for start bid$1.00+auctions? Please help me with Free information on everyday Tax auctions, foreclosures, gov., bank owned, abandoned, HUD, house/ home/ land/ property sales (free online sites and/or places to find out/ view/ get Listings)???? For areas: Livingston County and/or Monroe County, New York (USA).
I want to find out which bank owns a property that is in foreclosure.? The property is not livable so the Realtor's mortgage broker cannot get me a loan, and thus he realtor will not give me any information. I want to deal with the bank directly.
How do I buy a new home before I sell my home? I currently own my home (no mortgage) and have found a bank owned foreclosure in great shape that I want to buy to live in. To purchase the property I would have to sell mine. I want to put a large down payment with the sale of my house and have reasonable payments in the new one ( there is not a great difference in the value of the two). How does this work? Anyone know anything about bridge loans? Should I take out an equity loan to pay for the new one until I sell? Help!?!?
Does it take longer to buy a foreclosure? If yes, why? How long in the Northern Virginia area? I sold my home and entered a 1 year rental agreement earlier this year. I am now ready to purchase and would like an idea of how far in advance I should pursue a bank owned foreclosure?
Anyone made bids on a bank owned houses? The house is not in foreclosure.? The owner left the premises even though the house has been almost paid off. Now the bank is trying to sell and even though they realtor is showing the house, they are taking offers even though they have put a price on it. I am not sure if they have the traditional way of signing the contract by putting down the money. The agent who showed us the house is not giving clear details as to what we should do. Any suggestions?
A bank owns a house that just came out of foreclosure in my area, why did it go from 43k to 12k? It was last sold in 2004 for 43k. Now it is priced at 12k. The realtor stated that the house is priced accordingly and that it's still "VERY" negotiable. How would he know that it's so negotiable? The assessor shows that Citifinancial owns it, but he said that a 3rd party owns it. What's that about? *The house hasn't been advertised yet. He told me about this house because I was interested in another house that was already sold. It was sold @ 43k because I checked the assessor's records. http://maps.cabellassessor.com/portal/photo.php?PARID=05++48006200000000
How can I find out what the BANK really owes on a house? I am house shopping and I would like to know what exactly amount does the bank owe on a house which is bank owned? Why do people do SHORT SALES? What are foreclosures?
what is corporate owned property? is it different than foreclosure or bank owned?
i was just given 14 days to move by bank said owner lost mortgage and now it is bank owned? I recieved a 14 day notice by bank home was fore closed i was not named as a defendant in foreclosure didnt know till bank came with notice. what do i do
What is title insurance and can I purchase it and have it work in a foreclosure auction scenario? The way my county works, all bank-owned foreclosures are sold through a public auction that requires 20% payment at end of auction. I heard that title insurance protects against unknown liens against the property which could very well happen in this situation. Please advise I can't pay rent anymore.
What % of Foreclosures sell at Trustee Sales? My house is set to sell at a Trustee Sale on July 2nd in Nevada . I notice as I look at Foreclosure sites that some homes are Bank owned & some are listed with Realtors. Do houses generally sell at Trustee Sales?? Does anyoneknow how long I have to vacate after a trustee sale in Nevada? Any insight on this would be great!
does anyone know how to go directly through a bank to buy a foreclosure property? I have heard you can do this- and would like to forego the realtor- go directly to a bank. I know they own their foreclosures- obviously- so this has got to be a possibility. Any feedback helps. Thank you
How can I get a foreclosure list from a bank for an investor? I have an investor who wants to buy $5M in bank-owned properties in Maryland. How do I contact the banks directly? I don't know who to call...Thanks!
I had a notice from bank saying I must move out within 2 weeks. Is there any way I can delay it.? My house went into foreclosure and now owned by bank very recently.
What is the cost to repair/replace a house foundation (concrete slab) in the bay area (Saratoga, CA)? I put an offer on a bank owned foreclosure at $861K it was listed on the MLS for $860K (on zillow its worth 1.5 million). However I noticed the house (built in 1950 with concrete slab foundation, wood and stucco exterior, ranch style 1600 sq ft home on a 13000 sq lot) has many problems but I'm mostly concerned with the foundation of the house. If I buy this home I won't have much money left. And I want to know how much it would cost me to fix or replace it. I noticed the floors slope and bulge in certain areas. Any suggestions about who is really knowledgable and honest I should hire to inspect and/or fix the foundation? Because I have no idea how bad the foundation is. The house seems to be in living condition but I don't want to take any unneccessary risks. Plus because it is a foreclosure I don't have any idea what else is wrong with the property. Do you think if there is anything wrong with the house the bank would give me credits or negotiate a lower price? Thank you.
A bank owns out a house that just came out of foreclosure in my area, why did it go from 43k to 12k? It was last sold in 2004 for 43k. Now it is priced at 12k. The realtor stated that the house is priced accordingly and that it's still "VERY" negotiable. How would he know that it's so negotiable? *The house hasn't been advertised yet. He told me about this house because I was interested in another house that was already sold. It was sold @ 43k because I checked the assessor's records.
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