Question by sleepylilme: There is a foreclosed house on my street. How can I find out more about this house and how much it is?
I live in a nice neighborhood in Austin, TX. A couple of years ago our neighbors 3 houses down the street moved and a large family moved in. I never saw that the house was “for sale” (no signs in the yard, etc) so I wondered at the time what happened. (If anyone knows how the property changed hands in this manner, I’d like to know). The house is a beautiful house, but the new neighbors turned out to be very undesirable and in a short time the exterior was looking shabby (unmowed lawn, no yard care at all, dying plants, vehicles parked everywhere, tires laying around, a broken window or two). I assume the house was foreclosed on a few months ago as the “owners” are now gone and have left behind a legacy of filth and disrepair. Out of curiosity, I peered in a few windows around the house and my bold husband tried the garage a couple days ago and it was open, so we took a quick walk through the place. I was utterly shocked at the level of ruin this place is in. The carpets are destroyed throughout the property, Appliances pulled away from the wall and rusted out, art niches with the sides smashed in, many broken windows, the ceiling above a 2 story stair has water damage and is peeling/open. The place is a nightmare, YET the structure and design of the house is still intact and holds much promise with restoration. It has a large yard with a few trees (still living, unbelievably)…it is full of all kinds of abandoned crap and furniture at the moment. We really like the house but its certainly in no shape to sell. I am wondering what will happen with this house? I guess it must have been up for sale at a trustee auction (sheriff sale) but I don’t know. There are no signs in the window as far as a HUD sale or anything like that. There is a lockbox on the door and thats it. How do we find out more about this property? I would imagine it would sell rather cheaply in the condition it is in. Is it possible for it to sit vacant for a long period of time? It has already been vacant this fall. What happens to homes in this state of disrepair? Do the banks attempt to clean/fix them before sale, or sell as is? Any info would be appreciated. Thanks!
Best answer:
Answer by Rick W
call the county
What do you think? Answer below!
Question by palidin40: the house I rent is being foreclosed. Can I move out before the lease is up?
I signed a lease here in Florida October 1 of 2007. my lease is not up untill October 1 2008. I found out the landlord hasn’t paid the mortgage since before we moved in. It is now in forclosure and I want to move out but do not want them suing me for breaking the lease. When I contacted the landlord, they told me they are in the middle of a “quick sale” and it will not affect me. I am nervous and the court still shows it as a forclosure. I don’t want to end up with an eviction and would like to start looking to rent or buy a house now.
If the forclosure or sale doesnt happen right away, then I will vacate when the lease runs out. Help…..I don’t know what to do and a real estate attourny cost $ 250 that I don’t have.
Best answer:
Answer by Tim
Keep paying the rent. The lease is still in effect until the house is foreclosed or sold. If you leave now, you will be breaking the lease.
It sound stupid, but whether the landlord is paying his mortgage is none of your business. You have a legal obligation to pay him rent.
If the house is foreclosed or sold and the lease terminated, you will not be evicted but asked to leave within a reasonable amount of time.
Give your answer to this question below!
Posted by | Posted in Buy My Home Fast - News | Posted on 06-02-2012-05-2008
0
Foreclosed homes may be sold as rentals
My guess is probably not, so… Well, the groundhog didn't see his shadow. According to folklore, that means an early spring. I was excited to go to the public presentation of the Ohio 95 redesign draft plan by the Ohio… Living in a society obsessed …
Read more on Marion Star
Wayne Co. offers homes in Detroit for cheap
But it's especially frustrating to homeowners like George Philson who has paid taxes on his east side home for nearly 20 years. "I would rather have them meet their obligation like I am meeting my obligation," said Philson, 63, a retired water …
Read more on The Detroit News
Question by brandyturn20: the house im renting is being foreclosed. what rights do i have?
The house that i have been renting is being foreclosed. The house is also up for a “quick sale”. I gave my 30 day notice to the realty company through certified mail. I told them to keep my 00 security deposit for the last months rent, which is 0 more than the actual rent. The landlord hasn’t paid the mortgage since before we signed our lease (which we didn’t know or wouldnt have signed one) I want out of this situation! Today they came and served me with a 3 day eviction notice and are trying to hold me responsible for even more money. What rights do i have and what can i do?!?! HELP!
Best answer:
Answer by H B
check with local law enforcement I am pretty sure every where is 30 day notice.
What do you think? Answer below!
Check out these “buy my home fast” products:
How To Buy Government Foreclosed Homes
Learn the secrets to finding, buying and financing government owned foreclosures. This is a modern day gold rush for anyone wanting to buy a home a deep discount prices. With a little bit of research you can buy homes for half of their fair market value.
How To Buy Government Foreclosed Homes
How to buy owner financed homes
the ins and outs of owner financing, covering rent to own, lease options, land contract for deeds, seller carry backs and many other concepts you must know when buying an owner financed home.
How to buy owner financed homes
I am having a really hard time buying a house. After a few weeks of trying by myself to buy a home. I have come to realize that I REALLY need an agent. I have a month to buy a home and have come across the “short sale” which can take up to 3 months. I have been approved for 200k. I want a townhouse and it seems like all the homes I can afford are way out of town. At the same time I see hundreds of homes in short sale and foreclosures. Here are my questions hopefully you can help me out.
1) If I make an offer 5k-10k higher than asking price on short sale, will the accept faster or will it still take the same amount of time?
2) If I go with bank owned/REO should I have a realtor and also what is the wait time on the approval.
3) What is the best way in going about buying a home in foreclosure/bank owned/short sale?
