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Archive for the ‘Q&A Real Estate Foreclosure’ Category
Pre-Foreclosure Properties
Sunday, October 11th, 2009How Long Does It Take To Close On A Foreclosure Home Owned By Hud? 60 Days?
Saturday, June 27th, 2009Our offer was accepted on a HUD home May 7th. We are STILL waiting on a closing date almost 2 months later. They have had all of our info for weeks now, just waiting on the government, per our realtor. What is the deal??? Why is it taking so long? I know it’s the gov’t, but GEEZ! Anybody else going/have gone through this same thing?
Does Damage Already Paid Through An Insurance Claim Need To Be Completed If Home Is Going To Foreclosure?
Saturday, June 27th, 2009My best friend is letting her home go to foreclosure due to extenuating circumstances. She had water damage in April and the insurance company is going to pay her out this week on the damage ($6000). The repairs have not been completed and since she is letting the house go to foreclosure, she is contemplating getting the repairs done at all and pocketing the money. Are there repercussions for this? She is afraid of getting accused of insurance fraud. Should she do the minimal drywall work just to make it presentable? Will her claims impact her ability to get renter’s insurance for her new residence? Thank you for your help!
How Quickly Does The Bank Respond To A Bid On A Foreclosure Home?
Saturday, June 27th, 2009I found a home in Niagara Falls, put a bid on the home. The home has been on the market for over 2 months and I put the bid 8,900 less than the asking price. Usually how long does it take for the bank (which is out of state) to respond to the bid? If they do respond will they tell the price they will take?
I put the bid in on Aug. 7th, Should I up my price or just wait?
Any help will be greatly appreciated! Thanks in Advance
How To Find Out If My Rental Home Is In Foreclosure?
Friday, June 26th, 2009I’m a mother of 4 and the home I’m renting is in foreclosure. The landlord is denying it but my sister in law is a real estate agent and looked it up. Where can I find these records?