Offer accepted on short sale. Property went to foreclosure sale. How can we get in

touch with bank/owner, to continue the purchase of this property?

0 replies

Get a Property Inspection Before You List | Zillow Blog

Note: The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinion or position of Zillow. Many real estate agents and home sellers focus on staging, cleaning, and painting a 

what is the purchase price a lender paus on a foreclosed property based on

Looked at 2805 N Course Dr Apt 201, Pompano Beach Fl 33061  Forclosed and it is being listed for 104,000 On 2/12/14 HSBC Mort Assoc assumed property for $64,000
Did HSBC purchase property in auction for investment OR is this the amount owed by the previous owner prior to auction with HSBC due to the owner going bankrupt and giving house back to back with bankruptcy please respond Mary Surano AT msurano@aol.com  Thank you

2 replies

seen a property @South Water ways and Edgewater yesterday iam not able to find it again $4000.oo

I will buy it if still available a corner lot it was locate across street from Sunrise Park

1 reply

how do i find out if property has any leins on it

my  friends was getting a manufactured home when his grand ma passed on (the deed was in his grand mas and his mothers name) now his mom is saying that she will just put his name on the deed . is there anyway to find out if the property has leins on it?

0 replies

Is a HELOC on inherited property due immediately upon inheritance, or after the property sells?

My mom just passed away and I’ve inherited her home, which I’m currently living in, and have been since she became ill.  She owes $43,000 on a HELOC which is in her name only.  I’d like to know if I’ll need to pay the loan off immediately, or will the bank (or banks in general) allow me to pay it off once the property has been sold.  It needs some maintenance, which I think could be done within 4 months.  I’m not currently employed and had been taking care of my mom since she went on hospice care, so transferring the loan into my name probably isn’t an option the bank would consider.  I do have enough money in the bank to pay off the loan, but it would be much better spent readying the house for sale.

0 replies

Should I make an LLC for rental property?

I had to move for a new job and am now renting out the house I used to live in.  I was able to buy a new home but the old house was counting against my DTI even though it is generating a profit.  Is there difficulty moving property into an LLC?  Do I have to form the LLC and then take out a loan under the LLC and then buy it from myself?  If I do have to take out a loan, will it have to be a conventional loan with 20%+ equity?

0 replies

during purchase looks like i am billed for past property tax is it right?

I am signing hoa closing docs, however I noticed that I am billed for last half installment of county property tax of 2014 for twice year installment of property tax. However in county web site the same bill says period is 2013-2014. The record shows first half was paid by seller. Since I am purchasing at this time and purchase completion is finished at Mid Jan 2014 so I am the owner of unit around that time. This means I am paying for past property tax during which I was no an owner. Is this right? This is in california. Thanks

1 reply

how do I get my property listed on the MLS?

2 replies

How long till I can finance a rental property based on appaised value?

I recently bought a rental property 45 days ago for $110K.  I have renters paying $2150 a month.  Based on local sales recently, I estimate a conservative appraised value to be $190-210K.  The seller just wanted to be rid of the house, since it belonged to her deceased husband and just took the highest cash offer after it was on Craigslist for a week.  That’s how I got it for the price I did.  I would like to take out a mortgage on the property, so I could buy another rental property. I have read about the delayed financing option, but I could only take out a loan based on the lower of the sales price or appraised value, which would be $110K. 

Is there any way to take out a loan on the appraised value to maximize how much money I could get?  If so, is there a time frame I have to wait?  There are a few other properties in the area I am interested in purchasing if possible.

1 reply