Foreclosures Help Information

Posts Tagged ‘brokers’

Buy Foreclosed Condo

Question: who here bought a condo??

iam starting to notice that a lot of people are buying a condo now days instead of a single family home. This is b/c peopleare foreclosing on their properties or they just can't afford it.

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Answer: I bought a condo, but that wasn't the reason. I bought it because I wanted a condo.

I lived in a single family home for seven years, and had to mow the lawn every week, shovel the snow, and keep up with external maintenance. It was a pain in the *#@(. I could have hired someone, but then I would have to screen vendors, make sure they do a good job, and I'd have to pay them. Another pain in the *$&#(.

So, I moved out of my house and bought a condo (in a different state). I have more square footage, better schools, my payments are lower (even with the association fee), and I cashed out a lot of money. I love it.

A lot of my friends were like - you don't want a condo. Maybe they like all that gardening, but I don't.

The only caveat is that if you have a condo association that is a pain in the *#&(, it could be trouble. However, my association is pretty laid back - I leave them alone, and they leave me alone. Once in awhile they paint, replace siding, or powerwash my deck.

-->Adam

How To Buy A Lender REO Foreclosure

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Hud Foreclosure Rules

Being able to stop foreclosure sale when your mortgage company refuses to work with you can be a challenge at best, a nightmare at worst. But there are still ways to save your home from foreclosure even if your mortgage company will not work with you.

You even have options if your mortgage company will not work with you to stop foreclosure sale. Check to see if your state has a right to cure period and a right to redeem period. A right to cure means that you pay all of the money necessary to get your loan current. This includes all fees. In my county, I had to file right to cure papers at least 15 calendar days before the sale date. All I had to do was fill out a piece of paper and send it in to the public trustee in my county. The county then got the cure figures from the mortgage company. By law, the mortgage company has to provide cure figures.

A right to redeem means that you can still get your home back even after it has been sold at a foreclosure sale. While this is not a way to stop foreclosure sale, it is still a way to save your home. The trick with this is that you have to come up with all of the money that you owe your mortgage company plus any fees. This is not just getting your loan current, it is paying off your loan in full. The other thing to keep in mind is that not every state has a redemption period. Do not count on this as an option. Be sure to do your research so you know what the rules are for your state.

Another thing that you can do is enlist an advocate to help you stop foreclosure sale. Try getting a HUD approved counselor to help you work with your mortgage company. HUD counselors are trained to help with housing issues and may be able to come up with options or ideas that you have not thought of. Another good advocate that you can get is a lawyer. They can help you understand what your legal rights are when your mortgage company will not work with you.

About the Author:

You can still stop foreclosure sale even if your mortgage company is unwilling to work with you. You just need to be aware of what your options are. Get more free foreclosure help at http://www.stopping-home-foreclosure.com/StopForeclosureSale.html

Source - Stop Foreclosure Sale When Your Mortgage Company Will not Work With You

Hud - Paul Newman

Foreclosure Help Connecticut

Question: where can I find connecticut government tax foreclosure property?

I need free listing only. Please let me know how can I buy foreclosure property and what is difference compare to normal property.

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Answer: Tax foreclosures: Contact the county you live in. The tax office will have a list.

"Normal" foreclosures: Any Realtor licensed in Connecticut.

Differences: Tax foreclosures are properties on which taxes haven't been paid. The county or city forecloses, then sells the property to pay the unpaid taxes. "Normal" foreclosures are properties on which the mortgages haven't been paid. The lender (the bank) forecloses, then sells the property.

Foreclosure Help in CT