Pre Foreclosure

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Pre Foreclosure

Pre Foreclosure

Pre-foreclosure?I found a house that is in 'pre-foreclosure'. What does this mean? The balance on the house is $45000. Who would I need to contact for more info on the house? The lender/owner/who? I found it on a website [ Read More ]

How Do I Make An Offer For A Pre-foreclosure Property?I have an address for pre-foreclosure from a web site that can tell you if a property is in pre-foreclosure or is already going to auction. I am looking for a second property for income purposes located within one hour from my house. [ Read More ]

What Are The Downfalls Of Renting A Pre-foreclosure Home?I found a few houses (very nice ones, btw) that are in pre-foreclosure. The rent is usually btwn 650-1,000 per month (but I assume they mean, we'd be taking over the mortgage, not 'renting' which is fine with us.) But, are there any downfalls? Like, will the amount increase annually? Are they super-dirty? Are there any hidden costs? ETC? [ Read More ]

What's The Difference Time Wise In Pre-foreclosure And Foreclosure ?My ex's house is under foreclosure, chapter 13. Sometimes the Foreclosure web site says pre-foreclosure or foreclosure. How long does a forclosure take from time it's filed to the person having to move ? [ Read More ]

HELP?!?! How Long Does It Take For The Bank To Accept An Offer On A Pre-foreclosure Home?I put an offer on a pre-foreclosure home. The sellers signed it and were really excited about the offer and passed it onto the bank. I don't know that much about pre-foreclosures, so how long will it take to find out if I got the house or not? Yes, I am offering less than owed on the unit. But I AM offering market value. [ Read More ]

What Are The Rights For A Tenant Who Has Just Found Out The House They Are Renting Is In Pre-foreclosure?A gentleman who rents another home from our landlord brought us information he and his wife had found on the internet that showed the house he is renting and the one my family is renting are both in pre-foreclosure. The owners are denying the houses are in pre-foreclosure when this gentleman asks. They won't return our phone calls. We live in California and are unsure about what pre-foreclosure means and what California real estate laws mean when translated into common terms. [ Read More ]

What Is The Best Website To Find Pre-foreclosure/foreclosure Properties?Ive been seeing sites offering pre-foreclosure information for many houses in my area. Most of them charge $50/month. I don't mind paying the 50 but I want to make sure I only have to do it with one site. The 2 sites im thinking about are foreclosure.com and realtytrac.com Anyone have any experience with them? I work very long hours and don't have enough free time as it is. A site like this would benefit me. [ Read More ]

How Should I Buy Any Pre-foreclosure House?I live in central NJ where house prices have not gone down. But number of pre-foreclosure houses are reaching the sky. I have tried writing letters to those pre-foreclosure home buyers, trying to get their property. But there is no response at all. What do you think I should do in order to get them thinking of selling. And if they get ready to negotiate, should I make an offer according to current market value or according to what they owe to the lender. Any response will be appreciated Thanks very much [ Read More ]

When A Home Is In Pre-foreclosure And You Have The Option To 'take Over', What Does That Mean?I was house hunting (renting) and contacted someone about a listing. They wrote back and said they were behind on payments and that the house was in pre-foreclosure and someone had the option to 'take it over'. I would imagine that means there is a judgement or lien against it, but can someone explain the process of taking over and pre-foreclosure? [ Read More ]

How To Contact Owner Of A Pre-foreclosure Property?I am trying to buy my first home and am looking at pre-foreclosure properties as an option. I have located a pre-foreclosure approximately one mile from where I currently rent a home. I have begun researching how to go about buying a pre-foreclosure, and I know that my first step is to contact the homeowner by mail. I already have his name. Because I live so close to the property and frequently drive by, I am aware that no one has lived there for some time, and I am concerned that any letter I write would not reach him. How can I make sure that he receives my letter? Also, I am not an investor, and I am not represented by anyone...I am just a young mother looking to acquire my first home at a reasonable price. Does this lessen my chances of being able to make a proposal that would benefit both myself and the homeowner? Any guidance would be greatly appreciated. Thank you. [ Read More ]

Where Can I Find A List Of Free Pre-foreclosure Listings?We can pretty much do all kinds of mortgages but haven't tried pre-foreclosure listings yet. [ Read More ]

Help Determining How Much Mortgage Company Paid To Buy A Loan In Pre-foreclosure?Question for your real estate investors out there. I am aware of a property that is in pre-foreclosure. I happen to know that the mortgage on this property has been sold a number of times (I realize that this is very common in the mortgage industry). However, the company that holds the loan now is one of those last stop mortgage companies. They buy mortgages that other companies have written off as bad debt. Is there a way to find out how much this company paid when they bought the loan in question? [ Read More ]

Can We Assume An Existing Loan When Purchasing A Pre Foreclosure Property And Should We?We have looked at auction sales, REO and HUD as possible sources of a well priced home in Fort Lauderdale, Florida. Now we want to feel we are covering the range if we look at Pre Foreclosure property as well. If we can identify real savings to be made, is there any impediment to assuming an existing loan as part of our offer? [ Read More ]

How Can I Find Pre-foreclosure Homes?I would like to identify and contact homowners who are in the pre-foreclosure phase. Where can I find information on home owners who are on the brink of losing their home in the Maryland/DC area and the Atlanta area? what do you mean by third party approva and short sale. The reason that I am asking the questions is because the process (and terminology) in unfamiliar to me....thanks [ Read More ]

Pre Foreclosure