Answer: Try oreolist.com they are not an RE agent site. All it does is provide a list of links to banks that have their foreclosed homes for sale on their web site. There is no signing up or anything.

FREE Apartment Foreclosure & Commercial Short Sale Web Class

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Question: How long can we stay in our home after filing it in with our bankruptcy?

How long can we stay in our home after filing it in with our chapter 7 bankruptcy ? we have not decided jet but, do we have to include our house in our banckrupcy ? we dont think we can afford the payments.
Ok, I am having a hard time finding the answer I'm looking for, hope someone can help. We live in Minnesota
My hubby and I do not want to foreclose on our home, nor do we want to do a short sale, as I hear a short sale is every bit as bad if not worse than bankruptcy. We have a second mortgage as well. If we file bankruptcy and put the house in with that, approx how long will we be able to stay in the home before we get kicked out, and how do they do it? I don't want them to come and slap a yellow sticker on the window like they would in a foreclosure and make it obvious to the neighborhood that we defaulted on our mortgage. Does anyone know how long we will be able to stay, and what will happen to the house when we are forced to leave?

>

Answer: Check with your bankruptcy attorney. If you aren't or can't resume payments on it I suggest to leave as quick as possible, allowing the house to be put on the market sooner and hopefully sell sooner. Each day that goes by adds more interest to the loans you have on it & increases the money you won't or can't pay.

Special Program on Short Sales & Mortgage Foreclosures

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Question: miltary questions?

me and my 2 children live in alabama age 3 1/2 and 2 live with my mom for 16 months he's been in washington st. all that time also living it up.we want a divorce says he's working on it nothing in progress. all my housing diapers formula was provided by my mom for 4 months, we have a home in ga. did not sell he still getting allowance for the payment on the house and no one living in it.he has a new car i don't even have one.he's drinking partying he received 13.000 dollars for claiming us on taxes and his back pay did i get any NO . i cannot afford a lawyer .i don't even know how to get in touch with his command,says he is going to take me off the bank account. and his mom will handle his bills we he goes out. he also says his command told him to foreclose on the house i know this is long but there is so much more someone help.

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Answer: You can afford to get a FREE consult from lawyers. Most offer your initial meeting for free. Also you CAN go to your family court (county courthouse) and apply for child support. The sooner you do that the better. Once the court gets your request, you can back date any owed support (from the date you filed, unfortunately not for time prior to that...you can try to sue for that later though). You should contact his commander. I know you said you don't have that information but you DO have his social security number, that should be all you need, as his wife.
Just call the JAG office or Post Advocate General and let them know you are trying to contact your spouse's commander in order to persue child support and allimoney. (JAG will not be able to represent you in a divorce but as a military dependant you can seek FREE legal advice from them)
Also, do you have any power of attorneys? Most military spouses have legal say over their military spouse's money. If so, its possible YOU can close his bank account or change PIN numbers, etc. The housing allowance unfortunately is his (but legally your house is marital property) You do have some rights to the value of the house and any vehicles and other things purchased while married (or that you and the kids shared).
Please start making phone calls (look up numbers to military bases and offices on them online). Also, please go file for child support. (the longer you wait to do this, the less you will be entitled to backdate). Make some appointments for free consultations. Alot of lawyers will also work out payment arrangements. GOOD LUCK
PS if he does send you divorce papers, they are probably NOT in you and your children's best intrest DONT SIGN THEM without a lawyer looking at them for you (JAG WILL look at them and explain them free of charge)

Roswell Homes For Sale, 330 Arbor Creek Trail, Roswell, GA, Roswell Foreclosures, Winter Baserva

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Buying foreclosed properties is a profitable option for every property buyer. With little knowledge of some essentials, you are most likely to profit while buying a foreclosed property. Here are some tips that may help to secure a good deal.

Look for a Pre-Qualified Property:

For getting the perfect property, prior financing is required to ensure your claim for getting the perfect property. The pre-qualified situation also helps in bargaining over the deal. Choose a lender who has an interesting offer for your needs.

Gather Information About the Process:

A good deal can not be completed until and unless you have entire detail of the property and the process associated with it. You might attend foreclosed property auctions to get good offers. Working directly with a property dealer can also generate good leads.

Think About Your Preferences:

Buying a property involves a large amount of money. Therefore, it is better to decide what type of property you would like to buy. You can think about other determining factors such as location, housing area, and many such others prior to make a financial commitment.

Know your Preferred Area:

Foreclosed properties are available across many locations of the city. As a buyer, you have to decide the right location for your home. While by living in a commercial area you can benefits from good health facilities, educational institutions, shopping centers etc., a country side residence can be the right place live a life away from city chaos. So, choose carefully.

View the Properties:

Once you are prepared with a list of potential properties, you may like to check out the properties. Viewing properties in person will help you to choose the best deal. Do not forget to check the home from all the aspects of your choice.

Acquiring a foreclosed property can be highly profitable – of course, only if you’ve planned for it after a through research.

About the Author:

Myself webmaster of http://www.ushomeauction.com an online resource of the foreclosed home, foreclosed properties and foreclosed home listing.

Source - Tips on Buying Foreclosed Properties

Homekeepers, LLC Home Loan Modification and Stopping Home Foreclosure Commercial

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If you are going through a foreclosure in Florida, you are not alone.  Last year there were over 100,000 foreclosures filed in Southern Florida alone.  U.S. foreclosures right now number in the millions, and every family faced with foreclosure is experiencing fear, anxiety, and innumerable questions about the future of their home and finances.

Knowing the Law

If you are facing a foreclosure, you are probably wondering what to do about your foreclosure.  The first step is to become well informed about foreclosure law.  Since you have enough worries to think about without trying to take a class in foreclosure law, you should find an attorney who can answer your foreclosure questions and give you advice on the first steps to take to save your home from foreclosure.

How your Lender will Act

Florida laws regarding foreclosures are very specific about how a lender must behave toward a homeowner, and whether or not they can file for foreclosure in certain circumstances.  Your lender has attorneys who are highly knowledgeable about <a href=http://www.attorneyscapecoral.com/services/realestate.html>real estate law</a>, and who will do everything in their power to insure that their client, you lender, gets as much of their money back out of the investment of your home loan as possible.  Don’t walk into your foreclosure hearing at a disadvantage.  A knowledgeable real estate attorney will ask you the questions the opposition will be asking to help you prepare for the hearing.

Working with a Foreclosure Attorney

1. Withholding information from your attorney can make the process more difficult, particularly if you aren’t honest about your financial situation.

Deficiency Rulings

Many homes can be saved from foreclosure through the appropriate legal measures.  However, for those which can’t, it is still important to work with an attorney who knows Florida foreclosure law.  In Florida, a court may make a deficiency ruling against a homeowner whose house has gone into foreclosure.  What this means is that the homeowner will still be responsible to pay the difference between their loan amount and the amount the home actually sells for at auction.  This means you may still have to pay thousands of dollars on a home you no longer own.  An experienced foreclosure attorney can help prevent this from happening.

About the Author:

If you are in the Fort Myers, Lee County or Cape Coral areas of Florida and are facing a foreclosure, please visit the website of Lusk, Drasites, Tolisano & Smith, P.A., and find experienced attorneys who can answer your foreclosure questions today.

Source - Guidance in Avoiding Foreclosure

MyForeclosureLawyer.com

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Question: What to do???? My landlord is not paying the mortgage on the house and we have a VERBAL LEASE ?

I live in Minnesota, and I moved into a house for a friend that had renter issues. I offered to move in, and for the past two years have been paying the rent. With me and the people who live here, I'm positive we are giving him more than enough to pay the mortgage....

The other day there was a lady who stopped by to inform us that this house is on the verge of foreclosure.

I understand it's time to find a new place to live, but what are my rights? Do I have any? I'd love to stay here, but I certainly don't want to buy it to do so. Any suggestions, please help?!?

>

Answer: You have no rights to the property. You simply need to move.

Commercial Mortgage Loans in MINNEAPOLIS, MINNESOTA

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Question: does sc allow you time to catch up your mort pmts before foreclosing?

I was told that if I default on my mort and receive a summons to appear in court that i will be allowed time to catch up my payments. if I don't catch them up in the specified time, then the judge will set a sale date on my home. i was told that i still have until the day before the sale to catch up my payments. can anyone verify this for me or put me in touch with someone who can verify specific sc laws?

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Answer: Call your mortgage company. They are the only one that can tell you for sure what their policy is. They don't want your house, they want their money. They will usually work with you if you are showing good faith in making some kind of effort. Good luck to you.

**HUD OWNED** 382 Shadowfield Acres Dr, Duncan SC $117,000 3/2

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Question: As a buyer of a foreclosed (REO) commercial property, can I start all new leases with current tenants?

Some of the current tenants of the foreclosed commercial property (I am buying it) changed their lease rate and term (in comparison to the lender's record ones). Thus, can I start all new leases and evict the tenants that don't want to sign the new lease?

>

Answer: Some tenants sign low-price sweetheart deals with the old landlord. But all leases are void if the bank takes possession. If you bought it from the bank you start them all with a fresh slate. If you bought it from the old owner just before the bank got it you are stuck.

Real Estate: Buying, Renting & Selling : How to Buy Commercial Property

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The streets are littered with “For Lease” signs, the unemployment rate is the highest it’s been in decades, and vacancy rates are increasing. As a result of these factors, many commercial property owners are falling behind on their mortgage payments. In order to prevent an enormous commercial mortgage meltdown, the United States needs banks to start issuing more commercial loan modifications.

Commercial loan modification is simply the process of restructuring the terms of a commercial loan. It is a matter of renegotiating the loan so that it is more favorable to the borrower. For example, one can negotiate a lower interest rate with their lender, extend the term of the loan, defer mortgage payments, or even reduce the principal balance of the loan.

If a commercial property is not generating enough income to pay the mortgage or the operating expenses, a commercial lender may consider a temporary or permanent interest rate reduction. Reducing the interest rate will in turn lower the payment to allow the commercial property owner to increase the cash flow of the building. An interest rate reduction is ideal for property owners who have high vacancy rates. Lowering the interest rate should allow the borrower to service the debt while the vacant units are filled. On multi-million dollar loans, reducing the interest even just 1% can amount to savings of thousands of dollars per month.

Another common form of commercial loan modification is to extend the loan term. Extending the term or the maturity date of a loan can help commercial property owners avoid balloon payments and reduce their monthly mortgage nut. Many commercial loans have short terms, sometimes as few as 1 or 2 years. When the loan matures after only 1 or 2 years, the borrower is responsible for making a large balloon payment to pay off the principal balance entirely. Most lenders will consider a loan extension, but sometimes at a cost.

They may charge a point, or 1% of the loan amount, or extend the term at a higher rate of interest. Commercial property owners with loans nearing the maturity date may want to contact a commercial loan modification attorney to prevent this type of bullying by the lender.

In addition to lowering the interest rate or extending the term, a commercial mortgage lender may consider a deferment of payments as a form of loan modification. Sometimes called a payment moratorium, lenders may allow a borrower not to make a mortgage payment for 3 to 6 months. During this time, the borrower is able to build up cash reserves and rent out vacant units.

Before the economic downturn, property owners could refinance their commercial loans in order to lower interest rates and avoid balloon payments. Now, with the decline in property values, and the reduction in income of commercial properties, even borrowers with good credit are having their loan applications denied.

According to Deutsche Bank, by the end of 2012 over $153 billion in commercial loans will become due, and possibly $100 billion of that group will not be able to refinance.
What will happen then? Commercial lenders will have to consider loan modifications in order to stay in business. Until recently, many commercial lenders would prefer to foreclose on a building rather than modify the loan. However, today’s political and economic climate will favor commercial loan modifications, and we may soon have government bailout programs for commercial lenders.

Commercial loan modification will not only help stabilize the economy, it will also salvage the deteriorating commercial real estate market. The United States needs commercial loan modifications. There is no better time than now to apply for a commercial loan modification.

About the Author:

By the way, do you want to learn more about Commercial Loan Modifications?

If so, get a free consultation to discuss your commercial property by visiting: Commercial Loan Modification Experts

Article Source: ArticlesBase.com - Commercial Loan Modifications - Modify Commercial Loan Now!

Commercial Real Estate: The Next Hole in the Economy

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Answer: in MN since all the loans have changed - you will need 3.5% for a down payment on a new mortgage. You also will most likely NOT qualify for a mortgage since you just sold your home on a short sale.
No lender will touch that for at least 1-2 years - so I'd say plan on renting and re-establishing your credit. Or go to mnrealestateteam.com and talk to one of the loan partners

Fighting Foreclosure: 5 Minnesota Women Refuse to Leave

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Question: Foreclosure question.?

My fiance and I want to buy a home in NC where we currently live but I have a home in FL that has been on the market for just under 2 years and will not sell. My mortgage company refuses to let me do a short sale/deed in lieu of foreclosure because I am not in default.

My question is this. If WE buy a home in NC and I foreclose on MY home in FL after we have purchased the home in NC, can the mortgage company that holds the deed to the home in FL put a lien on the new house in NC? I know that SC law allows that. I own the home in FL by myself and we would buy the home in NC together.

Please, only Real Estate professionals, lawyers, etc. No guessing by random people.

>

Answer: I'm not a lawyer, so this isn't legal advice. For legal advice, you need to talk to a lawyer. (However, I am a licensed Realtor, so this is more than a guess.)

The mortgage company that holds the deed to your home in Florida can't put a lien on the new house in North Carolina. The mortgage is secured by the Florida property, not by your possible North Carolina property.

However, you could still run into all sorts of problems. Lenders generally (and particularly in the credit card field) have started including provisions that say that if you're delinquent on ANY payment from ANY lender, they have the right to raise your interest rate, reduce your credit, etc. I don't know your lender, so I don't know if the mortgage you hope to get in North Carolina might contain any such provision.

Further, though it may not matter, the Florida lender might become even more difficult to deal with if you purchase the North Carolina property. Lenders are more flexible when dealing with owner-occupants. Your Florida property, however, would be considered a second home when you buy the North Carolina one. I've heard of lenders requiring investors to pay money in order to get the lender of one property to permit a short sale.

Have you asked the Florida lender for forebearance? Or for a restructuring of the loan conditions. That's not a short sale or foreclosure, just a modification of the terms of the loan.

One technique you might consider for the North Carolina property, if you buy it. Immediately move it into a land trust. You and your wife would be beneficiaries of the land trust with power of direction. However, to help shield the trust, add another beneficiary with at least 10% ownership. Someone unrelated to you or your wife. The trust can be structured so that, when you sell the property, the 10% owner doesn't receive any profit or benefit. But putting it into a land trust will shield the property from suits, liens, and judgments. More info at http://www.landtrust.net

However, your best bet is to check with a real estate lawyer licensed in North Carolina.

Foreclosure Home in Charlotte, NC

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Question: I want to buy a foreclosed home in Stone Mountain, GA and recieve the first time homebuyer credit.?

I dont know where to start or who to contact. Is it a housing agency, realtor, etc. I am clueless.

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Answer: you are too late. you have to close by 11/30. it will never get done in time.

go see a lender to get pre approved. maybe credit will get extended to give you another chance

Luxury Scottsdale Foreclosures - Desert Mountain Arizona

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Question: I rent where I live and I got a letter for the landlord saying my home is going to be foreclosed?

the problem I'm having is the landlord took out a loan on this house and he will not pay it back. Now theres a letter saying that a forcloser is being started what can I do as a renter to take over the payments and stop this from happening. I don't have anywhere to move to and I need to take control of this situation before it gets any further. Can I stop this forecloser or am I going to have to find a new home for my family and myself? Anyone who can answer this I thank you.

>

Answer: The house is going to transfer ownership, but that doesn't mean you're going to have to move. If you want to take over payments, you have to make a deal with your landlord to buy the house in a way that satisfies the bank.

If that doesn't work, you then have to make an offer to the bank for the same thing.

Neither of them are under any obligation to sell to you, though, and the new owner (either the bank or whomever they sell to) can evict you at will (30-day notice required).

The forclosure is between the bank and the owner. You have no grounds to interfere.

(Ahhchoo and TwinkaTee are both right. Good points. Don't get a lawyer. Waste of money.)

Homeowners Faced With Foreclosure Can Rent Their Own: 247WallSt.com Report for November 6, 2009

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