The onlny accurate way to find out what the remaining balance is to ask the seller ot the lender directly. The lender might not want to disclouse this information to a third party. Realtors can however, tell you what the original loan amount was.
Hope this helps.
Juan Carlos... more
To: ramirez fabian85,
You appear to be a first time buyer who has a lot to learn. Buying a house is a BIG dea. Your first course of action is to find an experienced local Realtor who can guide and assist you.
Your Realtor will sit down with you and discuss the criteria for your desired home. Your Realtor will help you to find appropriate financing, if needed. Your Realtor will show you homes; help you put together an offer when you find the home that is right for you; negotiate with the seller on your behalf; help you through the escrow, inspections, and full loan approval process; explain and assist you to understand the closing documents and closing process and – wonderful time for all – hand you the keys to your new home when escrow is closed.
And – this is the really good part – the cost of all of the professional help and guidance from your Realtor is almost always paid by the seller!
How to find a Realtor? Ask friend, relatives, co-workers or your banker of insurance agent for a recommendation. Talk to two or three of the Realtors who are recommended and decide who seems to be the best fit for you.
Good luck!... more
A better question would be, "Is there a demand for this in your area?" Banks rarely care the state of the properties they auction off as they are sold "as-is". Agents rarely have REO properties cleaned up, because they won't be reimbursed by the owner for their money and again, the properties are sold "as-is".
Also, some people will live in a home up until the moment of foreclosure. Do you really want to try and clean a place with people there who are about to lose their home?... more
They vary so much depending on the job needed. I would think $500 would be a good average from those that I have done. Please let me know if you need help with anything else.
Amber Carrillo, Broker/Owner
First thing to ask you is how you plan on buying... with financing or with cash. Depending on that answer, we would then give you a list of foreclosures and prepare the best offer possible to acquire the property. Many of these homes go in to multiple offer status, so your offer must be prepared as strong as possible in order to win the bid, and that is where we come in. Feel free to contact me to start looking at foreclosed properties. Or click on the link I have attached to fill in a search form.... more
I cannot locate a foreclosure that is currently listed in Westbury. Unit #520 is listed for $66,900 and is Pending, Unit #552 is listed for $64,900 and is Option Pending, Unit #515 is listed for $78,000 and is Active, and Unit #422 is listed for $69,900 and is also Active.... more
I'm not an attorney, and this shouldn't be considered legal advice ... but the moment that the foreclosure process is complete, ownership of the home reverts back to the lender. You are then subject to eviction (as in possessions placed on the street) once the necessary paperwork is filed . There is no law that I'm aware of that will delay the inevitable. How long it takes is anyone's guess ... I know of a situation that lasted almost a year. Depending upon how many foreclosed homes the lender has to deal with, it could be a week, a month, three months, six months ... there's no telling; but it will occur. Your best option is to move as soon as you can, so as to avoid an ugly confrontation or humiliating experience in front of your neighbors. I'm sorry you're in this situation, and wish you well.... more
Keep in mind the following information is my opinion and you should consult an expert in the field.
From my understanding, the only way to remove a cosigners name is either by paying off the loan or have the primary party refinance the loan in their name only. Unless it is a credit card. In this case, you would have to close the account.
I hope this helps!... more
Are you asking if the lawyer was wrong or lied to you? I have never met a lawyer yet that admits to lying or being wrong.
Are you saying he will charge you that much - $500/mo? I am thinking I would call another lawyer.... more
I would think that as long as the home remains your residence, it shouldn't be an issue. All that's required is that the buyer live in the property. From a practical point of view, however, how many friends are there? I wouldn't turn the place into a boarding house.
Boheme Notice of Sale. This property is scheduled for a public foreclosure auction. A public foreclosure auction is scheduled when a homeowner in default does not stop foreclosure proceedings within a certain timeframe determined by state statute. Properties are typically auctioned in a public location, such as the local county courthouse, by an attorney or local public official. Auctions can be great opportunities to buy property below market value, but usually dont allow for property inspections and often require full or partial payment in cash depending on the auction process in your area.
Joe Cano - Realtor/Locator
If the foreclosure is from a bank, they might finance it. Typically a home in poor shape will not pass FHA/VA inspections for safety. Most lenders will not work with you as the home might not pass their inspections for appraisal purposes.
I would bet they are looking for a cash sale. If it has been sitting there awhile, give them a cash offer...even if it is very small. You never know what they might take.
Bernstein Realty, Inc.... more
Your Realtor will have a complete list of Shortsales and REO's.
Not only that; they will be able to FILTER it down to the homes that meet your requirements;
It is so easy to overload with homes that do not.... more
The lot is for sale at $33,000, not the $24,500 posted here. The posting is not the listing Realtor.
ML #: 16588439 You can see the lot on www.HAR.com The contact information is there to speak to the Realtor representing the seller.
If you need help presenting an offer, let us know. You can drive by the lot and if it looks good, we can review sale comps. It has been on the market for almost a year.
Bernstein Realty, Inc.... more
Foreclosure homes do not come with a lower Interest Rate,
Nor does matter what your Credit Score is:
Your Interest Rate is dependent upon your Credit Score.
Borrowing money for a Foreclosure can be easier because the Selling Price is generally lower.
But getting the Loan, and the Interest Rate are dependent upon YOU, not the house.
You should talk to a Mortgage Officer and see what you can qualify for.... more