...maximum bid? They started to do online foreclosure sales in my area and I'm tempted to bid. I noticed that some plaintiffs (banks/mortgage companies) hide their maximum bid and others don't. Is there a percentage limit to what they can bid or can they bid whatever the company will allow?
A property that has an IRS lien just became a foreclosure. I am a potential buyer of this property. I read online that I should demand proof of IRS notification via certified mail before signing the contract, so get a receipt of the certified mail. I also read that the IRS has 120 days to...
I own a condo in Hawaii along with 2 silent partners. We have been struggling to keep up with the mortgage since our revenue has dropped off considerably. The mortagage is in my name only. If we were to default would the bank place a lien on my primary residence and/or assets?
My husband and I live in Michigan. We are really in love with this house- we were just about to put the offer in (it was under short sale) and now they said it is off the market- because it is foreclosing. I am wondering usually how long it will take to come back on the market as a foreclosure...
If a lender in the 1st position foreclosed on a home, do they need to pay the excess proceeds (home was sold for more than the 1st loan) to the previous owner and 2nd position holders?
Is there any laws on this?
Me and my husband are thinking of buying our first home but we don't have any experience what so ever on buying homes.
My question is what's the difference between FORECLOSURE and SHORT SALE? Also what's your opinion on what we should purchase?
Thanks in advance and all help is appreciated!
My wife and I are preparing to purchase our first home using an FHA loan with assistance from her CalPERS retirement savings. We have decided to purchase a home we can afford on only one income so we don't have to worry about the recession and losing a job. By herself she qualifies for $350k...
We have a triplex that we are trying to short sale, we(the owner) are occupying 2 units and renting the other one, will the bank come after us for the remaining amount and do we need to pay taxes if we sell the house? Or would it be better for us to foreclosure the property.
What's the difference between a house sold at auction (county courthouse) vs. a foreclosure sale (advertised by local law firms)?
Is the winning bid final? Meaning are all liens wiped out? For example, a house has a first and second mortgage , 80k and 20k. Bank one forecloses and does a sale...
Hopefully I can get this answered pretty quickly. How can I find out the date of a foreclosure auction for a specific house, or find out if the sale has already taken place. I'm in Baltimore, MD.
Just wondering. How long does it typically take? I will most likely have a down payment next time I plan on buying another home, and a good job..Im in college still, so I dont plan on buying another home until I am at least done with college.
We avoided foreclosure on our house a few months ago by doing a "quick sale" I believe...is this the same as a "short sale"? And I am wondering now that tax season is here...am I going to be responsible for the taxes on the sale of the house? I didn't make a cent off of the sale but I'm just...
Me and my wife bought a house in late '05, right at the peak of the Tampa housing surge. We probably shouldn't have purchased a house at this time, but we had just got married and needed a place we could live together. We thought it was a great deal after all the junk we looked at. The house is...
...can he collect rent .? The house i am renting is in default and a trustee of sale was posted on the door and i have been paying rent to the landlord and he never paid the mortgage.The lender called me looking for him and i gave the # to find him.Now when i was talking to the Lender he...