Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Ken asks…

With the backlog of foreclosures in Orlando, how long can I stay in the house?

I am renting that is in forclosure? I was served as Jane Doe on May 29th. The atty. for the house said 4 months. But they are not helpful to me. They probably figure they don’t have to be.

I am still paying my lanlord rent even though hes pocketing the money.
Because the lanlord can evict me faster then the forclosure will.

Your Questions About Foreclosures

The Expert answers:

You helped her. She cannot pick a best answer becaus eher account was suspended for nothing.

She wishes you all well. Shes my friend but won’t be back.

Your Questions About Foreclosures

Carol asks…

what’s difference between buying foreclosure and non-foreclosure house?

I understand short sales, and I know I don’t want any part of it. But what about foreclosures? What is the difference between foreclosures and non-foreclosures? If I see two houses for sale, and one
says foreclosure and the other one says not a foreclosure how does it affect me from a buyer’s point of view?

Your Questions About Foreclosures

The Expert answers:

For me, the difference has nothing to do with paperwork or time issues. Rather, I know—up front—that the foreclosure home is operating in a stressed-sale environment. That has opportunity written all over it because I know, going in, that the holder needs to flip the property. If I’ve got the cash (or credit line), I may be able to move decisively and cop a great deal.

Your Questions About Foreclosures

Lizzie asks…

National sales are down 0.04% and house foreclosures ar up 34%, so how long do we have to be bled by Obama`s..?

failed economic ideas before it sinks into his head and that of his Democrat controlled government that their trillions of tax spending venture is a total failure?

Your Questions About Foreclosures

The Expert answers:

Hey Ban (and whoever you were before today):

“Bush’s failed policies”

Dems have been controlling Congress for the last 2 years. Obama said he would fix everything. So far, he has done NOTHING to improve the situation. We now have a record deficit. We still have our wars. The economy continues to lose jobs at a rate of 1/2 million a month. They are bulldozing brand new model homes and apartments in CA because they are worth more as scrap landfill than they are on the market. Chrysler’s just went down in flames owing us $7 billion. GM and AIG are about the do the same. (I heard that GM stock is down to $1 a share today).

And Congress is running around like a bunch of hysterical girls with their heads on fire over the treatment of a few people who would cuts their throats and those of their friends and families from ear to ear in a heart beat if given half a chance.

America is boned.

Your Questions About Foreclosures

Laura asks…

How long do house foreclosures take??

in Michigan.??

Your Questions About Foreclosures

The Expert answers:

Look here. This gives foreclosure specifics for every state:

http://www.realtytrac.com/foreclosure-laws/index.html

Your Questions About Foreclosures

Sandy asks…

Would you buy a house in foreclosure?

We have 4 rental properties and are looking to buy 3 or 4 more. All of the foreclosures that I have looked at are in pretty bad shape, but I could get them for a decent price. I’ve never purchased one of these homes before and I’m worried that there could be other problems associated with them – not the house itself but with former owners, getting rid of the renters, or something. Being a landlord is hard enough these days without any more problems. So real estate investors are you buying up all these foreclosed houses?

Your Questions About Foreclosures

The Expert answers:

ONLY if I’m VERY patient and not in a hurry.
Buying a home IN foreclosure means dealing with owners and lenders. Buying a home which has been foreclosed, means dealing with lender.
Buying a foreclosed home/short sale is a lengthy, slow process, as banks move slowly and not always in their own best interests.
Buying investment property/non-owner occupied property requires larger down payment.
I would have professional home inspection and legal advice in each case. Yes, there may be tenants or owners present who don’t want to move out, who may damage property, take everything with them, etc. Each case is different.

Powered by Yahoo! Answers

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