Jun
27
when buying a foreclosure is it possible to find some that people have it all but payed off?
Filed Under Foreclosure | 2 Comments
rick b asked:
Has anyone thats in the industry ever found a home going into foreclosure that has been dramatically paid down however the owner could no longer pay for it? The reason I ask is I saw on a few websites properties that the only thing owed on them was 80,000-100,000. The market values of the house from its area was over 300,000. Could you offer these people the amount to pay off the loan and a little extra to help them out, and to avoid foreclosure? In turn re-selling the home below market value for quick sales? Any input would be greatly appriciated. Thank you in advance.
Lewis
Has anyone thats in the industry ever found a home going into foreclosure that has been dramatically paid down however the owner could no longer pay for it? The reason I ask is I saw on a few websites properties that the only thing owed on them was 80,000-100,000. The market values of the house from its area was over 300,000. Could you offer these people the amount to pay off the loan and a little extra to help them out, and to avoid foreclosure? In turn re-selling the home below market value for quick sales? Any input would be greatly appriciated. Thank you in advance.
Lewis
Jun
12
What is the alternative for foreclosure?
Filed Under Foreclosure | 5 Comments
GDaiva1 asked:
My house worth $250K at this market, my loan is $280K, my interest jumped up to 11%. it doesn’t make sence to keep the house anymore, i already paid 70k on interest over 3 years, but i don’t want to file foreclosure, what should i do?
Leola
My house worth $250K at this market, my loan is $280K, my interest jumped up to 11%. it doesn’t make sence to keep the house anymore, i already paid 70k on interest over 3 years, but i don’t want to file foreclosure, what should i do?
Leola
Jun
11
how long can a previous owner stay in a house that was sold through auction or foreclosure?
Filed Under Foreclosure | 6 Comments
Where is the money tree? asked:
Just wondering what the rights are for previous homeowners. I am looking into the foreclosure market and I don’t want to get trapped with previous owners who can stay up to three months and damage the home. What are their rights? and the new owner’s rights?
Ranae
Just wondering what the rights are for previous homeowners. I am looking into the foreclosure market and I don’t want to get trapped with previous owners who can stay up to three months and damage the home. What are their rights? and the new owner’s rights?
Ranae
Jun
9
Can you sue a landlord after paying rent for a house under foreclosure?
Filed Under Foreclosure | 5 Comments
pollo veijo asked:
If he knew he wasn’t paying and collected rent anyways. We moved in Jan, the foreclosure started April
Dulce
If he knew he wasn’t paying and collected rent anyways. We moved in Jan, the foreclosure started April
Dulce
Jun
5
How do I find foreclosure listings without paying a membership fee somewhere?
Filed Under Foreclosure | 4 Comments
Iroc24 asked:
I keep hearing about how buying foreclosures is a great way to find buy property for less money. I am a recent college graduate and don’t want to throw money away on rent when I can hopefully find a place where the monthly morgage payments are less. I am looking to live in the Lehigh Valley (Allentown) of Pennsylvania.
Carla
I keep hearing about how buying foreclosures is a great way to find buy property for less money. I am a recent college graduate and don’t want to throw money away on rent when I can hopefully find a place where the monthly morgage payments are less. I am looking to live in the Lehigh Valley (Allentown) of Pennsylvania.
Carla
Jun
3
Chris asked:
My mother died and did not make specific bequest for condo as it is going into foreclosure. It was refinanced 2 years ago with a negative amortization loan. The loan is due to recast and none of her children can take over the loan. She was upside down and in this housing market (in Las Vegas) there is no chance of selling. If the foreclosure proceeds, how will this affect the surviving children? Can they be held responsible?
Teodora
My mother died and did not make specific bequest for condo as it is going into foreclosure. It was refinanced 2 years ago with a negative amortization loan. The loan is due to recast and none of her children can take over the loan. She was upside down and in this housing market (in Las Vegas) there is no chance of selling. If the foreclosure proceeds, how will this affect the surviving children? Can they be held responsible?
Teodora