Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Linda asks…

Foreclosed homes in Florida?

My boyfriend and I are looking to buy a foreclosed home in the Orlando area, and I can’t seem to find a decent website with listings. We’ve got $20,000 and we’d like to buy a fixer-upper (NOT a trailer or double-wide) but every site I find seems to be some sort of spam site, and I’m beginning to get frustrated. I just thought maybe someone out there might know a decent site that would actually list foreclosures for sale, with pics. So if you know a site, help me out.
More info if it matters: the $20,000 isn’t a loan or anything, its settlement money, so we can pretty much pay cash right then and there for whatever we find. We’re not looking for anything ridiculous, just a small house that we can fix up.

Your Questions About Foreclosures

The Expert answers:

Just ask a broker for listings. These sites are all outdated anyways….even the ones you have to pay for.

Your Questions About Foreclosures

James asks…

Foreclosure law in Florida, how long do I have before being removed from my home?

All the court process have been dealt with and now I am simply waiting to get kicked out of the house. Does the sheriff just show up in your front door in Florida without notice?

Your Questions About Foreclosures

The Expert answers:

The new owner has to apply to the court for an eviction. You’ll be notified when they do.

Of course, you could seize the moment and ask the new owner for a lease on the property —

Your Questions About Foreclosures

Paul asks…

would a foreclosure affect my other homes?

I own 3 houses. my primary is in California,2nd home in ft lauderdale florida, and investment property in orlando florida. I am current with all of my payments on all properties and have 780 scores. cannot modify investment property because of it not being primary. I owe 300k its worth about 175k. I cant hold on much longer before I default. If i were to let the lender foreclose can it affect my other 2 homes?WHat are my options as far as letting it go?

Your Questions About Foreclosures

The Expert answers:

If you have more than one home with the same mortgagee (lender) then read your mortgages. I have seen mortgage provisions that state if one property is in default the mortgagee can consider both in default. If they’re diffetent mortgagees then it shouldn’t be a prpoblem. Other than foreclosure or short sale, you might look into a deed in lieu of foreclosure. That’s where the mortgagee, to avoid foreclosure costs, agrees to accept a deed to the property and in some cases forgives any deficit balance. Unfortunately most mortgagees won’t talk to you until you are in default. Good luck.

Realtor.sailor

Your Questions About Foreclosures

Mary asks…

I live in Florida and my real estate license is voluntary inactive since 2008, what do I need to activate it?

I want to get back into the real estate business and sell foreclosure homes, but I forgot what I need to do to activate my license again and how long do I have to do that?

Your Questions About Foreclosures

The Expert answers:

Go to the Florida Real Estate Commission website, and follow the directions on how to reactivate your license.

Your Questions About Foreclosures

David asks…

Who is responsible for unpaid homeowner association fees when home is foreclosed- old owner or new one in Fl?

I bought a home in foreclosure court in Florida.The old owner has 2yrs of unpaid homeowners association fees. Now the association is asking me to pay the old dues. Am I responsible for paying these fees?

Your Questions About Foreclosures

The Expert answers:

You’ll want your agent to just call the association and say “Hey, my client didn’t live here, can’t owe back association dues” UNLESS your association somehow got a lien filed on the foreclosure. In that case, it would be like a special assessment or back taxes if you signed a deed in which you agreed to take on those debts.

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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