Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

William asks…

Why is it so easy to find foreclosure homes in America, but not in Canada?

Even on Google its possible to now find homes that are foreclosed and for sale, but not in Canada. WHY?

here’s the link to this site that I found, one that shows the location of homes for sale:
( http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=48104&mrt=realestate&sll=42.325809,-83.938293&sspn=0.100262,0.338173&ie=UTF8&z=13&ref=patrick.net
)

I would love to buy 2 or 3 foreclosed homes, but I want them here in Canada, not in Detroit. yes, they would cost a lot more, probably only a few thousand less than the surrounding homes, but its near impossible to find them here in Canada : Why is that?

Your Questions About Foreclosures

The Expert answers:

The Canadians were paying attention.We were not.Simple.

Your Questions About Foreclosures

James asks…

why is it that i cant find a web site that i can trust when looking for a home for sale?

of the the web sites i’ve looked at, some of the homes for sale, in foreclosure etc., are in them, but after talking to the agents, they have no idea why some of these homes are listed. example: one site lists a 3bd, 2bh, for $7,000. in another the same house is listed for $287,468. i talked to the agent and he said its not even for sale yet, and shouldnt be on there. i’m looking for a fixer upper or something i can afford, and i feel like i’m going in circles.

Your Questions About Foreclosures

The Expert answers:

You should contact and work with a Real Estate Broker. A broker would send you accurate listings for properties you are interested in or give you limited access to the local MLS. Another advantage is the Broker could provide you additional information on a property that you are interested in. As far as the conflicting information on different websites, usually the property information is entered into the local MLS which then gets posted onto free public websites. So any mistakes entered the first time will appear on all websites, whereas when any corrections are made, it may be a while before it gets corrected on the other free websites.

Your Questions About Foreclosures

Sandra 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 would take 6 months to a year. I doubt they will even look at it though. The bank would be better off foreclosing then low balling to this extreme. The short sale offer was already lower then the dead beats living inside it owe.

Your Questions About Foreclosures

Helen asks…

Foreclosure- Sold home before the foreclosure went through BUT?

the judgement went on to my record 2 days before we closed on the home sale DESPITE sending contract for sale and paperwork to judge and court. How can I get this off my credit report? The loan was satisfied and paid in full to the lender through the sale.

Your Questions About Foreclosures

The Expert answers:

Write a letter to the credit bureaus stating the facts and asked to have the default removed from your credit report. However anything that was reported for not making your regular monthly payments on time will remain on your credit report.

Links to the Three major credit bureaus:
http://www.transunion.com/
http://www.experian.com/
http://www.equifax.com/home/

Your Questions About Foreclosures

Lisa asks…

Can a lender legally evict me from my home in foreclosure before its auction sale date?

My condo is in foreclosure and an auction sale date is set for January 11th. Today, in shock, some inspector guys came here and were talking about changing the locks. They took pictures…they said they were looking to see if I was still here, that the water was on, and that the heat was on. I have a legal right to stay here until the auction sale, don’t I? I plan to file a bankruptcy too later this month. Please advise.

Your Questions About Foreclosures

The Expert answers:

Once you quit paying your mortgage and foreclosure papers have been filed you have no rights.

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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