Posts Tagged ‘realestate’
Foreclosed Lots For Sale
May 28th, 2010
Foreclosed Lots For Sale
Question: Should I buy a shortsale property? What are the advantages and disadvantages?
A lot of properties that are up for sale are mostly short sale, foreclosed, or bank repo's, but it is a good idea to buy one these of properties?
Answer: There is a huge difference between a short sale and an REO property. An REO is a property that was foreclosed and is now owned by the lender. Buying an REO is not really any different from an "ordinary" sale. A short sale, on the other hand, involves a distressed owner trying to get his/her lender to agree to a sale for less than what they owe - a very difficult and protracted process.
Lots of Homes For Sale in Clearwater
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Posted in Foreclosed Homes | 
Tags: estate, foreclosed lots for sale, homes, housing, real estate, realestate | 
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Foreclosed Commercial Properties For Sale
May 19th, 2010
Foreclosed Commercial Properties For Sale
Question: Foreclosed property in DC?
NOTE: I ASKED THIS QUESTION PREVIOUSLY AND JUST GOT A LOAD OF VESTED INTEREST FLANNEL FROM REALTORS TRYING TO TALK THE MARKET UP (E.G., "...FORECLOSED HOUSES SELL FOR MARKET VALUE, THERE IS NO REASON FOR THEM NOT TO" ETC.). Here is my question; if anyone has GENUINE information, please let me know. Realtors please stay away.
Hello -- I live in DC and am looking for a foreclosed property as the only way of being able to afford a home here. However, every website I go to seems to be a commercial venture: once the site is entered and a property found, registration and / or payment is usually required. Bank owners of foreclosed properties will be keen to sell these without barriers to viewing, so these register sites are obviously just skims and scams -- how do I find a place that lists such properties for sale?
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
California Foreclosed Homes For Sale
April 30th, 2010
California Foreclosed Homes For Sale
Question: Foreclosing on a Home In California with a First and a Line of Credit?
I have a First and a Heloc from a Credit Union. My house has been on the market for nearly a year with no action. I am selling at a fair price that will cover paying off the loans and the Real-Estate fees. If I choose to foreclose on the home, what are the ramifications regarding the 2 loans. Will I be liable for any damages to the credit union? If I do a short sale do both lenders have to agree or just one? How long will it take to recover (credit wise) from a foreclosure vs. a short sale?
Answer: The short sale will have less of an impact then a foreclosure, but both are about 7 years.
Yes, both lenders have to agree on a short sale, you will screw both, so both have a say.
SOUTHERN CALIFORNIA FORECLOSURE TRUSTEE SALE.wmv
Posted in Foreclosed Homes |
Tags: ca, california, California Homes, Flickr, Foreclosed Homes, home, homes, Homes For Sale, Homes Sale, realestate, Youtube |
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