Foreclosures Help Information

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Foreclosed Mls

Question: how long before it goes on MLS?

a big bank bought a foreclosed home from another bank...i assume they bought it to resell...how long before they can put it back on market?

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Answer: a day

How to buy Bank Foreclosures in MLS all Cash Vol 2 of 2

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Bank Foreclosures Florida

Question: We are trying to buy a bank owned foreclosed home?

We are interested in purchasing a home in Florida. It is a bank owned foreclosure and the asking price is $89,900. We put in an offer for $106,000 with seller paying $6,000 in closing cost so the bank will actually make $10,100 more than they were asking. As most people searching for homes now realize this is a very competitive market. They want the highest bid but we really want this house. It's the perfect size age, and it has a heated in ground pool! Has anyone had this happen to them? What was the ending result?

FYI all bids needed to be in by noon today (2 hours ago) and we put ours in at 10:30 this morning. The bank (owner of home) called my realtor at 11:30 and asked if that is the highest bid and we confirmed. So I am guessing that is a good sign if they are asking. Please HELP!!! I am already getting anxious and it's been a couple of hours LOL

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Answer: Sounds like you did a good job! Good Luck!

Florida Foreclosed Homes - FL

Washington Foreclosed Homes

Question: Bankruptcy and Forcloser question......?

I filed for bankruptcy about a year ago but contiued to make payments on my home. Now I can no longer afford to make the payments on my morgage loans. I know that the home was part of the bankruptcy but as long as I stayed current on the payments I would be fine. So my question is...If I stop making the payments, how long do I have before they foreclose on my home? Can I just pack the things I want and move into a rental and let the morgage lenders deal with the house? I dont think they can come after me for the money because it was part of the bankruptcy. I live in Washington State and I know it usually takes 90 to 120 days to evict but I was wondering if it would be quicker because of the bankruptcy. Basically any info on my situation would be helpful and refinacing and/or continuing the payments is not an option. I need to foreclose. Please only knowledgable people on this subject answer. Thank you.

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Answer: Find an investor who can work a short sale with the lender. There's really no reason to leave the house just yet. Stay in it and save your money, for now. But be sure that it was included in the BR though. There is also a deed in lieu of foreclosure where you just quit claim the house over to the lender to save them the expense of foreclosure. Or, you can just walk away and ignore it. But talk to your BR attorney and look at your credit report before you decide. If your BR has been discharged, I can't see how you won't be on the hook for the mortgage. Good luck.

Foreclosure auction in Pierce County, Washington