Tag Archives: Foreclosure

where do i find information on foreclosed land?

i have a specific piece of property i am interested in purchasing…it is vacant and has been foreclosed. i know the address of the property and name of the previous owner. how would i go about getting information on puchasing the property (if it is even for sale)? have tried all foreclosure websites and cannot find this specific address.

Can my friend get a mortgage loan?

I have a friend who owned a home three years ago but sold it because she went into foreclosure. Before she went into foreclosure she filed for bankruptcy protection. After selling the home, she paid off the bankruptcy and rented an apartment. She is now in sales making a lot of money. She has enough money to put 20% down on a 600,000 home. Will she have a problem getting a loan?

Qualifying for leasing a home after a foreclosure?

Our house was foreclosed upon this month after late payments due to an extended illness. We have a mutual agreement with our lender, who purchased the note, to move by mid-August. The realtor who will handle the sale of our home said that he would provide a good reference letter to help us find a home to lease.

We are in Texas. Will we qualify for leasing a home within our means with this foreclosure on our record? On the common Texas Leaser’s application, I see questions asking about if there was a foreclosure or eviction.

Each of us has steady employment (9 and 10 years as a teacher and hospital worker, respectively) and great references. Our monthly gross income is 5200. with only one loan payment of 350./mo.

The houses we are looking at have management companies handling the application. Is there anything we can do to increase our chances of qualifying to rent? I thought about writing a letter and including a pic. Or, is there not a chance because of the foreclosure?

Thanks

What is the difference between a repossession and a foreclosure? (for a modular home in a park)?

The house is in a park, not on private land. It’s a big one, 2400 sq.ft. I am current with the payments, but my job is making me move 500 miles away, I won’t be able to make payments on 2 homes. Is it better that they repossess it or foreclose? It’s for sale but the market doesn’t look good, homes have been for sale there for over 4-5 yrs. Renting is out of the question, I can’t afford the insurance they charge for a rental modular, and I don’t want it destroyed by the kind of tennants it would draw.

Real Estate Agents…HELP!! How do you do a short sale?

I am a new real estate agent and my broker isn’t readily available. A friend of mine is behind on her mortgage 3 months. It is her investment property. She has 2 mortgages on the property, 1 is for 98K the other is for 23K. The house appraised last year for 125K. She just gave me authroity to call the bank on her behalf to negociate a lower amount. Who should I speak to and what are the next steps? How do I get paid is she is in pre-foreclosure?