Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Lizzie asks…

What ever happened to the Obama Foreclosure medicine he said he was serving up.?

He got on National TV during one of his Obama speaks, and uttered
the fact that his administration had turned the tide on Foreclosures.
His czar had served up the Kaopectate of Kaopectates and he had
stopped the mess. Don’t think so. Florida for example. Has 1 in 68
homes in foreclosure. Nevada worse than that, Nationally Foreclosures
are growing in totally out of control alarming rates. So someone on
the left explain how you anointed saint pulled this off, And just who
was helped by it.

Your Questions About Foreclosures

The Expert answers:

Most of your answers are from either teenagers or people living in
apartments. For they damn sure aren’t home owners, Screw
government rhetoric, Look at the numbers from the Housing Industry,

They tell the real story not what the Obama land mystics want you
to hear.

Your Questions About Foreclosures

James asks…

How can you repair your credit after an foreclosure?

Me and my husband are going through some tough financial times and are looking at a possible foreclosure on a home we own in Florida. How can you repair your credit after an foreclosure?

Your Questions About Foreclosures

The Expert answers:

This is tough. Is there a possibility that you can file bankruptcy instead? In most bankruptcy cases you can keep your home. A foreclosure is more damaging than bankruptcy. It will take years to repair your credit. Try to save your house first.

Your Questions About Foreclosures

Mary asks…

Home foreclosure auctions in Florida?

My wife and I are interested in a home that is going to foreclosure auction. We have looked up all of the information through the clerk of courts for outstanding debts, leins, exc. The previous owner left a default mortgage and owes 86k on a home now worth around 56k (according to property appraisal records). Just looking for some general insight about how the home auction process works. I’m hoping that the opening bid does not start at the default amount on the mortgage?

Unfortunately, the home is being sold “as-is” and there is no viewing the inside prior to auction. I’ve worked in construction and home remodeling, so fixing the home up is no big deal. We also have no idea how to secure financing on a distressed property that the bank cannot inspect. It would be my guess that we will have to secure a personal line of credit. The auction requires full payment of the bid within 24 hours. Any insight would really be appreciated. Thanks

Your Questions About Foreclosures

The Expert answers:

All I can say is that you better compare prices to some other similar homes in Florida. How much is owed is meaningless to you and meaningless at the auction. The tax appraisal is also likely not an accurate value. Some parts of Florida have prices off about 75% from the peak. I can’t believe they do not allow prior inspections. Be careful of the terms of the auction because if your loan does not go through you might lose your deposit. It can be difficult and costly to get home insurance in Forida too so please check out all your options.

Your Questions About Foreclosures

Donna asks…

What would a good book/website be to go to look at the foreclosure process from the lendor side? In Florida.?

I just got a job doing some processing at a foreclosure law firm in Florida. We work with the banks, and I need to catch up on the processes and proper format/documents that entail putting a home into foreclosure. Any good books/websites to check out?

Your Questions About Foreclosures

The Expert answers:

Ask your boss.

Methods and processes –esp at a law office–are under his direction.

Your Questions About Foreclosures

Betty asks…

what do i do when the home i am renting is under foreclosure in Florida?

Your Questions About Foreclosures

The Expert answers:

Do not stop paying rent, as much as it sucks. That would be a violation of the agreement between the two of you and he could evict you, unless you have a written agreement that you don’t have to pay him rent anymore.
Ask him the following:
– Is he going to resolve the debt or let the foreclosure take place?
If he says he will resolve it ask him when and then as for proof. If it is going to foreclosure ask:
– When is it scheduled to be sold? (This will give you an idea of when you will need to leave).
– Can you receive your full security deposit back?
If the foreclosure does take place you should get your deposit back. Why? Because he does not own the place anymore so how can he be the one to hold any of your money for repairs or what not?! The bank is used to getting them in crappy conditions too so they are not going to charge you for anything. Please don’t trash it though. Let’s just say you won’t need to really care how it is when you leave it. What you want to avoid is an eviction on your record so try to get those questions resolved and then find yourself a new place on or around the time the sale is scheduled to take place. If he does not know now as him to tell you when he does. It can take a while to foreclose in Florida so if they are just getting started it could be another 4-6 months depending on the county. The main thing is communicate!!! You don’t want to end up a-ssed out here. Especially because he was using your rent money for booze or something other than paying his mortgage.

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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