Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Sandy asks…

When a home for sale is a foreclosure, will it always say “Foreclosure” on the sale sign?

Please, someone settle the debate between my husband and I! LOL!
Okay, so I should have used the word “normally” instead of always. There are about 6 houses on our road that are for sale – at LEAST 3 of which we are almost certain are foreclosures. My hubby thinks that if they are foreclosures they LEGALLY have to put that it’s a forclosure on the for sale sign. I think that it’s entirely untrue. I rarely see a “For Sale” sign that says “foreclosure” and God knows there’s lots of ’em out there. Anyway, it doesn’t really MATTER, we’re just curious and maybe a tad bit nosey, too. Lol.

Your Questions About Foreclosures

The Expert answers:

Normally there is just a For Sale sign, the word “Foreclosure” is not on it in any way most of the time.

There is no law requiring it to be stated, although it has to be listed as an REO in the MLS

Your Questions About Foreclosures

Charles asks…

Can you sell your home during foreclosure?

We have our home listed for sale with a realitor. we are 3 months behind on mortgage and were told that we are going into foreclosure. If they start foreclosure can we still sell the house?

Your Questions About Foreclosures

The Expert answers:

You can. You have to close escrow before the foreclosure date though. Your sale will not stop the foreclosure until what you owe has been paid off in full.

Your Questions About Foreclosures

George asks…

how do i get a listing of VA foreclosures of homes for sale in Rockport, TX ?

I’m looking for a home for sale that is a VA foreclosure home in the Rockport, TX, and surrounding areas.

Your Questions About Foreclosures

The Expert answers:

Most might not be listed as VA foreclosures or HUD properties. You might google VA foreclosures/REO or HUD properties followed by Rockport, Texas to see what sites would appear. Check them out carefully.

They might simply list the properties as REO or foreclosure properties

There would be many sites listed, you would have to select the ones that best suit your needs and what you are seeking.

Watch out for those that would say trial subscription, these are pay sites.

I hope this has been of some benefit to you,good luck.

“FIGHT ON”

Your Questions About Foreclosures

Sandra asks…

I am in the process of buying a 2nd home, (short-sale/foreclosure) in Tampa FL?

I live in New York and have the 20% down payment as required and all pre-pays at closing based on what I pre-qualified for. I know with a short-sale it can take sometime b4 the close or it may not happen at all. Anyone out-of-state ever gone through this and care to share some insight? Thanks!

Your Questions About Foreclosures

The Expert answers:

You may need expert help and should consider pay for service professional services. These are real estate services offered by professional real estate brokers, where you pay only a flat fee for the services you select from the broker.

Your Questions About Foreclosures

John asks…

What is the process when making an offer on a foreclosure/short sale home?

and how long can all this take?
We just recently found a house which is being sold as a short sale and fell in love with it. I did some investigating and found that it is due to be auctioned by the Master Commissioner some time in the next few months. I had my realtor go look at it and make an offer for me which is about 60% of the asking price and they said (my realtor) that this offer is a good place to start.

There is some damage to the home but not a great deal and I am prepared to deal with, but what should I be aware of in this type of deal? How long can this take?

Your Questions About Foreclosures

The Expert answers:

It takes 3 to 6 months. Since you offered less then the asking price it will go to auction in hopes of a better offer.

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Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures

Your Questions About Foreclosures

Your Questions About Foreclosures