Comments for Free Investment Property Listings

Comment on Short Sales Vs. Home Loan Modification by rember

rember — Sun, 14 Mar 2010 01:22:59 +0000

yes it is.. you can inform your donor company first, they may come up with new offers.
References :
http://home123.com/refinance.html

Comment on Short Sales Vs. Home Loan Modification by Janet P

Janet P — Sun, 14 Mar 2010 01:20:59 +0000

Usually not, but you can ask your lender. A short sale is to avoid a foreclosure, but they already helped you with that, by modifying your loan.
References :

Comment on Short Sales Vs. Home Loan Modification by Thomas

Thomas — Sun, 14 Mar 2010 01:18:59 +0000

No short sale is possible unless the lender agrees. Your first step as in most matters of this type - communication.

Hello lender, My situation has changed making it impossible to keep this home. I would like to talk to the appropriate person about a short sale rather than foreclosure.

They may tell you that they can’t discus a short sell until you are behind. You tell them alright - I can arrange that and do so.
References :

Comment on Short Sales Vs. Home Loan Modification by nel

nel — Sat, 13 Mar 2010 20:16:29 +0000

Can you still short sale a home after loan modification is approved?
What if your economic situation change and you decided to short sale a house after a loan modification has been approved. Is it still possible?

Comment on How You Can Buy A Home In Foreclosure by ^j^

^j^ — Fri, 12 Mar 2010 03:39:59 +0000

looks like you got some good answers, so I’ll just add some thoughts you might want to keep in mind. Yes, there’s a basic foreclosure process involving the party(ies) in default and mortgage company as mentioned above. If the lenders’ attempts to collect or negotiate payment of note from the party(ies) in default are to no avail, then the lender will proceed with forclosure of the home –this depends on state guidelines AND can vary vastly according to the type of financing/mortgage currently held on the property (VA, FHA, etc…) The lender (or it’s legal representative) must abide by state guidelines which will include a set number of publications of the notice of forclosure to run in the local newspaper (usually once a week for 3 - 4 weeks), including the property description, mortgage co., borrower in default, and date and time of home auction. If the property is not transferred or otherwise sold at public auction, then the mortgage company and the department of Housing and Urban Development will sometimes contact a realtor for a BPO (broker’s price opinion) to achieve an accurate market value for the subject property. In a situation where the default mortgage was VA, these homes are listed on the Dept. of Veterans Affairs website, and the same applies to other financing in working with HUD. Depending on all circumstances, there can actually be a "right of redemption" awarded to the borrower in default which can last up to a year… back taxes must be paid on the property… HUD has very strict regulations and guidelines that must be followed in all aspects of any transaction of transfer of forclosures… headache headache headache…there’s alot more involved which will depend on each individual situation… bankruptcy issues arise at times, just a bunch of things that can change the standard proceedures up a bit… depending on if you are facing forclosure or looking to invest in these properties, there is a vast amount of information online which will be suitable to each state’s proceedures and of course… all lenders have their own way of doing things…. hope I’ve helped a little more.
References :
6yrs. Real Estate Agent
Legal Secretary for HUD assigned closing attorney

Comment on How You Can Buy A Home In Foreclosure by Business Mom

Business Mom — Fri, 12 Mar 2010 03:37:59 +0000

here is a website that outlines the foreclosure laws and timelines for each state.
simpley click on your state.

http://www.foreclosures.com/pages/state_laws.asp

good luck
References :

Comment on How You Can Buy A Home In Foreclosure by bull_rooster_aardvark

bull_rooster_aardvark — Fri, 12 Mar 2010 03:35:59 +0000

Owner stops paying mortgage. Bank bugs them for a bit and builds up fees, then files with county to start foreclosure process. Process winds around the courts a bit and finally house is foreclosed on and sold on the courtroom steps. Assuming nobody buys it there (if they do the process continues but the buyer takes the banks place) the bank begins process to evict the owner if they are stil in the house. Eventually the sheriff comes by and evicts them (ie sheriff watches on as bank or company hired by bank moves onwers stuff to curb. New owner (or bank) changes locks and start calling police if old owner shows up on property. New owner may fix up property or not, but tries to sell property for whatever they can get (or possibly rents it out in an investor bought it).
References :

Comment on How You Can Buy A Home In Foreclosure by plays w/words

plays w/words — Fri, 12 Mar 2010 03:33:59 +0000

they take your house
References :

Comment on How You Can Buy A Home In Foreclosure by Phil Conners

Phil Conners — Thu, 11 Mar 2010 22:31:17 +0000

Home foreclosure?
What is the process for home foreclosure?

Comment on Commercial Real Estate Investment by Tarn

Tarn — Wed, 10 Mar 2010 02:29:59 +0000

You will have hard labor & increase your concept about real estate industries. But no worry, if u have capability & determination to that one you can become a famous in this field. Carry on.

Best of Luck!
References :
http://www.tarncourt.com/