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Real Estate Foreclosures Questions and Answers |
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Question: Where can I go online to get true foreclosure listings without having to join or 3 day trial. Thanks?
Looking for foreclosures listing online, but find must want you to join. Any real listing out there. ThanksAnswer: Best way is to go to the websites of individual banks in ...
Best way is to go to the websites of individual banks in your area and search around their foreclosed properties.Answer: realtor.com
very good site, i'm actually using it ...
realtor.com
very good site, i'm actually using it right now to find a place.Answer: Get them for free directly from the source. That is ...
Get them for free directly from the source. That is typically the county court house. Find out which days they are published. To foreclose on a property, you have to file court papers.
any place that charges is a SCAM and a RIPOFF.Answer: realtor.com is a great site to look at. We found our home ...
realtor.com is a great site to look at. We found our home now on there and it was a foreclosure. Not all homes listed on that site are foreclosures but you can search and see what you find. You can put in an area, certain zip code, price range, bed room size and other misc information to narrow down your search. Good luck.Answer: At MLSListings.com, you'll be able to see the ...
At MLSListings.com, you'll be able to see the Realtor's notes. Look for "Bank Owned" or "REO".Answer: In Australia I've found it easiest to go a real estate ...
In Australia I've found it easiest to go a real estate agents website (eg> ljhooker.com.au) and under the search criteria for the property put the word mortgagee. Any property that is being sold as mortgagee in possession must state this in the description.
It can be a long process going to individual real estate agent sites. But it's free and acurate
Hope that helpsQuestion: Foreclosure? I have no prob making my mort pymts. Hav a 5 yr mort & house value is dwn no 1 will fin. any sug?
What do I do when my 5 yr mortgage ends in 18 mos. I have already tried to refi and the bank told me they could not do it beccause I now owe more then my home is worth. I have the time to wait for the market to go up, but my mortgage does not. Is there a possibility that the bank that has my mort now will work with me? Any suggestions on how to keep my home in the long run woulod be greatly appreciate.....thanks to all who try to help!Answer: You are in the same boat as alot of other folks. You paid ...
You are in the same boat as alot of other folks. You paid prem. price for your house and now it is worth crap. You will have to wait until the market goes back up..... whenever that will be.Answer: You have no problem making your payments and you're ...
You have no problem making your payments and you're considering letting it go to foreclosure? Are you nuts?Answer: When will 5 yr mortg mature? If you need to refi NOW, you ...
When will 5 yr mortg mature? If you need to refi NOW, you may need to wait until home values rebound.Answer: Do not foreclose--it will be 10 years before anyone will ...
Do not foreclose--it will be 10 years before anyone will lend money for another mortage---instant nasty bad credit...
Do the refi and come up with the cash for the difference. They will do that --
Sell the home and come up with the cash to pay off the house at closing-- then start over... Next time do not buy over your head...Answer: Nope...they won't.
You know why? Because they are ...
Nope...they won't.
You know why? Because they are getting payments from you now.
Look at it from the bank's perspective: You are wanting to be able to eat your cake and eat it too.
You wanted the lower 5-year arm rate instead of paying for the higher fixed rate that you probably qualified for when you bought the house. No one guaranteed your home would go up in value...and you KNEW the fixed rate would change at the end of year 5.
Now you want the bank to save you from the adustable rate when you were given that option 5 years ago and DECLINED IT?
You got a lower rate because the RISK to YOU was higher--it wasn't higher for the bank.
That is how loans work...sometimes you win, sometimes you don't.Answer: It can't hurt to contact them. Lenders are under ...
It can't hurt to contact them. Lenders are under tremendous pressure to try and help people avoid ARM resets and foreclosure, but the fact that you are 1-1/2 years out may result in them telling you to sit tight for now and talk with them at reset time.
In the meantime, see what your ARM would reset to if it reset today. Depending on the index and margin on your mortgage program (both factors are laid out in your Note) you may be surprised how little your rate may change. The Fed's recent actions have pushed down most of the indexes to which ARMs are tied (LIBOR, COFI, COSI, 12 Month MTA, etc) resulting in lower resets than would have been the case just a couple of months ago.Answer: Hi,
I used "Credit Solution" to settle...
Hi,
I used "Credit Solution" to settlemortgage and avoid foreclosure.They managed to reducemortgage up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://yatuc.com/bidQuestion: I'm renting & I am afraid my landlord is letting the house go to foreclosure. Help !?
We are near the end of our lease on his new 3b/2b house. I called the owner & he told me wasn't "sure what he was going to do with the house but in all good conscience for my minor son he couldn't renew my lease & he would let me live out the security deposit instead of the last month's rent. I paid 1 month first & 1 security deposit to be returned at the end of the lease which runs out 6/23/08. So while not crazy about having to move again I appreciated his being upfront Then I get a letter that he is late on the mortgage (first time) & hasn't paid his taxes yet ??? So thinking worse case scenario he's going to walk away from the house. I have about 3 months left on my lease. I need to save apprx $3K. With the tax stimulus pmt in May I am confident we'll have $ by the 3rd week in May. I think we should stick it out to the end of the lease so I can save even more & move by the earliest June 5 or stick it out till June 23. My husband is worried that waiting till June might be too long
This is to "skiingst" while I had no intention of following Ivy's advice I am not a LOWLIFE. I have paid my rent every month on time. So not all renters are lowlives that push their poor landlords into foreclosure. What happened here was my landlord took a $90K equity line loan to buy another house & then did the same to that 2nd property he's doing to my house. So now he's in floreclosure because of his misdeeds. & the reason he's letting me live out the last month's rent is b/c he doesn't have my security to give back. So before you pass your judgemental opinions think. & I would never stop paying rent to screw someone.Answer: Don't pay him any more money. By the time it takes him ...
Don't pay him any more money. By the time it takes him to kick you out, you'll be out and have the money you'd have spent on rent saved and he can then keep the deposits. Provided he still has them. Good luck!Answer: There are many steps you can take, where do you live? what ...
There are many steps you can take, where do you live? what area?.
You can contact the morgagee and talk to them to resolve your concerns or you can try to buy the home from the morgagee.
Best of luck terry Adelaide AustraliaAnswer: Iam sure they would honor your lease but only if you are ...
Iam sure they would honor your lease but only if you are paying your own utility bills as I don't think they would be covered'but its better if you check it ouAnswer: Foreclosure takes time. Your LL is in a tight spot and was ...
Foreclosure takes time. Your LL is in a tight spot and was frank with you. He probably can't come up with your deposit, so you want to stay for it if possible, or use it for your last month, even if it's a month earlier than your last month by the lease. Foreclosure wipes out leases. Start saving for your new deposit. Start looking for new lodgings. BUT read the classified sections of the newspapers to see if property goes into foreclosure. Check out dates. You should be able to do this, but no guarantees. They would give you notices at the end, giving you 30 days to vacate.Answer: If you want to check on the taxes I would go to your ...
If you want to check on the taxes I would go to your counties appraisal district web site and search the record by address. If he is foreclosing the bank will sell it but someone might sell it as an investment and allow you to continue living there. The issues is you don't want to take chances since you have a child that is depending on you. I would try to get an apartment if possible as soon as I could and if there is any money left on the rent, ask him for it back. Or see if you can't have the security deposit back and due to the situation you want to pay him weekly. If he objects just let him know that he has placed you in a serious position where you may not have a home to come home to and under the circumstances you don't believe he has any reason to object since he is the one that is breaking the lease agreement with you. It is him you have the lease with, not the bank AND if he won't do it ask him where he plans on moving you and your son to and what will the rent be and when can you expect the movers to come?Answer: Everything will be fine!
Everything will be fine!Answer: Hi,
This is for IVY... It's idiots like you that push ...
Hi,
This is for IVY... It's idiots like you that push Landlords into foreclosure by spreading bad advice to other lowlifes. It's hard enough to make a dime in the rental business without idiots like you advising other lowlifes to steal from their Landlords. Property owners aren't in the business to give their property back to the bank, and the only way this happens is when tenants don't pay their rent which pushes Landlord into foreclosure.. IDIOT extraordinaire U B little miss poison IVY!!Answer: I think you'll feel better once you understand just how ...
I think you'll feel better once you understand just how long the foreclosure process takes.
First, your landlord will receive a Notice of Default. This notice gives him 90 days to come current or make other arrangements to keep the property (refinance, contact his lender for a restructure, etc.). If those 90 days pass without a resolution being worked out, there will be a notice of Trustee's Sale. This is where the property is auctioned by the Sheriff. The auction usually happens 21-28 days after the first notice. (In California, notices are run in the local news paper every week and a notice has to run for 3 consecutive weeks before the home can be auctioned.)
The day of (or the evening before) the auction, a notice will be placed on the home. Not too many homes are selling at auction, so the property will probably be returned to the bank. What happens from there depends on what state you live in. In California, the bank then has to serve you notice, which gives you 30 days to vacate.
Best case, it looks like you have at least 120 days. I would ask your landlord if he has received a Notice of Default. Definitely take him up on the offer to use your security deposit as your last month's rent.
If the home is foreclosed on before the end of your lease (which it doesn't sound like is going to happen, and that's a *good* thing!), you could sue the landlord for breach of contract.
Hope this helps you sleep better! It's time to start looking for a new place. If you're in a position to possibly qualify for a FHA-backed loan, you might want to consider buying the place you're in. It'll save you moving costs and there are tax advantages to home ownership.)Question: How to stop foreclosure?
Answer: Pay your mortgage.
Pay your mortgage.Answer: This blog was created to help property owners who are facing ...
This blog was created to help property owners who are facing foreclosure. It has info about foreclosure lending scams, foreclosure timeline, some step-by-step things you can do to stop foreclosure, and some advice on how to delay the eviction process after a foreclosure sale:
http://how2avoidforeclosure.blogspot.com
_____________________Answer: Pay the man.
Pay the man.Answer: honestly....I was just in that situation...
you may need to ...
honestly....I was just in that situation...
you may need to speak to someone in your lending organizations "work out" department...and what they will require you to do is...
...1. write a letter stating what prevented you from paying your mortgage being reasonable....
...2...start saving up a lump some payment (roughly around $2000)....reason they are gonna ask how much money do you have now and typically they are looking at the 2000$ range or higher..
...3...They will contact you IF they offer an arrangement for future payments....
...this isn't guaranteed but it is a start....I hope it works outAnswer: pay your debts
pay your debtsAnswer: THEY JUST passed this yesterday in Philadelphia, PA. Call ...
THEY JUST passed this yesterday in Philadelphia, PA. Call AND write your local and state reps, asking them to put a moratorium on foreclosures.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that isreal last name!Answer: http://www.hud.gov/foreclosure/index.cfm
http://www.hud.gov/foreclosure/index.cfmAnswer: Very simple. You can plead that proerty is of very high ...
Very simple. You can plead that proerty is of very high value and the loan is very negligible amount and it will not be proper to bring such ahuge property for sale of small amount.Answer: Hello Dan,
Ricky here, I'm a mortgage Loan specialist ...
Hello Dan,
Ricky here, I'm a mortgage Loan specialist and Realtor in the greater San Diego Area. There are a number of ways to help with a foreclosure. There are a few questions that need to be addressed. The first one and largest one, have you contacted your lender to discuss options? That would be the first step. Then there are many other factors such as, are you already over thirty days late in your payment, if so how many payments? There is no magic formula to halt foreclosure. It is really a case by case basis. If you don't think you can get the funds together to save your home, then call a Realtor, one who understands the lender side of the business, (be careful, many people trying to claim they really know the Mortgage Business many don't) see if you can "Short Sale" your home that is find a buyer, before the foreclosure and sell it at current market value and avoid a foreclosure. The "Short Sale" will more than likely end up as a "Charge Off" for the difference between what you owed on the home and the net proceeds you were able to sell it for and get out from underneath it. This may help your credit, versus a foreclosure.Answer: sell your home to me...
or
sell your home to me...
orAnswer: Try this link
Article in NY times today mentioned this. ...
Try this link
Article in NY times today mentioned this. FYI
In October, Bush said, his administration helped bring together the private sector group called the HOPE NOW Alliance. HOPE NOW helps streamline the process for refinancing and modifying mortgages, and it runs a national hot line to connect struggling homeowners with mortgage counselors.
''If you're a homeowner struggling with your mortgage, please take the first step toward getting help by calling the hot line at 888-995-HOPE,'' he said.
Hope this info is helpful! Good Luck =)Answer: Talk to your mortgage company. Try to work out a forbearance ...
Talk to your mortgage company. Try to work out a forbearance agreement (if you have something that changed in your life, loss of job, adjustable rate...) How far behind are you? Have you already been notified? Need a little more info to give you an educated answer. Short sale is one way if it is FHA you have paperwork to complete. Just need more info from you.Answer: Hate to say it but I talk to tons of people everyday that ...
Hate to say it but I talk to tons of people everyday that that HOPENOW thing wasnt any help at all. That program has a very small help and success rate.
And I am sorry to say the banks have no interest (or the power for that matter) to help you since they most likely just 'service' your loan and dont own the note. IF they foreclose make them foreclose in court. Many banks cant produce the note to show they own the home and thus can actually foreclose on you. Believe it or not this is actually working in many cases.
as far as mr philadelphia...... if you have a moratorium on taking back collateral that people borrowed against (homes) the whole financial system willl REALLY take a dump because instead of having 5% of the money out there with bad collateral (foreclosures) ALL of it will have worthless collateral since you cant take it back when they default.
not very smart.Question: Living in a foreclosure... Is this a crazy idea?
I've read that some banks are allowing people to live FREE in foreclosed homes if they promise to keep it up and make it look lived in so it isn't vandalized. Does anybody know about this? If you're in the banking business and have knowledge of such a thing or if such a thing would be considered, please comment. Thanks.Answer: I doubt this. If it is a foreclosure, they want the property ...
I doubt this. If it is a foreclosure, they want the property vacated as soon as possible. Properties sell better empty. They may give you a kick back if you leave quietly and the home is in good condition.Answer: In the 1980's in Texas this was done by HUD because they ...
In the 1980's in Texas this was done by HUD because they did not want to dump so many houses on the market at once. It also was only done thru charitable homeless organizations. One huge problem was that some people fraudulently claimed to be homeless so they could live rent free. (If I remember right there was a preacher that sold his home and found a very nice HUD owned home to move into rent free).
I have not heard about anyone doing that this time around.Answer: This is not happening in CA, the REO's are all vacant. ...
This is not happening in CA, the REO's are all vacant. It is too hard to sell them if someone lives in them. It would delay closing (which is only 7-15 days for an REO). |
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