Janet has a great suggestion. Compare mortgage offers and rates.
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Thank you!
DOM PASCUAL, J.D., ESQ.
ASSOCIATE REAL ESTATE BROKER
Demsker Realty
"Your Experts in NYC Luxury Apartments & Lofts"
304 Park Avenue South
New York, NY 10010
Cell: (631) 741-2764
E-mail: dompascual@gmail.com
Join my social network: http://cityamicus.com
Company Website: http://demskerrealty.com/
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** All information contained herein does not constitute any warranties, offer or commitment or obligation of any sort and/or kind whatsoever and is subject to change, error, omission and/or withdrawal without prior notice. **... more
There is no such thing as good luck in real estate. There is only calculated and informed risk taking. Foreclosures tend to be good deal but they tended to need alot of cash to be fixed up. If construction is not your forte might as well buy a lower priced home in better condition.
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Thank you!
DOM PASCUAL, J.D., ESQ.
ASSOCIATE REAL ESTATE BROKER
Demsker Realty
"Your Experts in NYC Luxury Apartments & Lofts"
304 Park Avenue South
New York, NY 10010
Cell: (631) 741-2764
E-mail: dompascual@gmail.com
Join my social network: http://cityamicus.com
Company Website: http://demskerrealty.com/
Blog: http://dompascual.wordpress.com/
Listings: http://dompascual.postlets.com/
Twitter: http://twitter.com/dompascualesq
Facebook Profiles: Dom Pascual; Manhattan Broker
** All information contained herein does not constitute any warranties, offer or commitment or obligation of any sort and/or kind whatsoever and is subject to change, error, omission and/or withdrawal without prior notice. **... more
I am res. net certified, equator certified, and i work with LPS and Ocwen-Altisource, some of the biggest servicers in the East Coast. I have experience with foreclosures in NYC since 1993. Feel free to contact me at 917-559-2002 or manuel.vargas@elliman.com... more
If you are interested in houses in Bayside, please call me. My name is John and I can be reached at 212-714-1027 ext 11. I would be happy to assist you. Thank you and good luck.
Not sure where the ad was seen; if it appeared on RealtyTrac, Keep in mind that RealtyTrac's information may not always be accurate and oftentimes can be misleading--you could be looking at a lis pendens property--notice of default--some of those properties may not be for sale yet, and some may never be, if the default is satisfied by the owner. If you are interested in foreclosures, work with an agent--he/she will have access to reliable information, as most of them end up being listed by a broker --also don't overlook traditional sales as some may turn out to be a much better bargain than some of the foreclosure properties. Be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously.... more
I will answer this question 2 ways not sure how you stand with your mortgage.
The mortgage company has not foreclosed and you are behind on association fees. The bank may elect to pay your outstanding association fees then include them in your escrow account, protecting their mortgage from possible encumbrances or foreclosure by the association.
The mortgage company has foreclosed and paid the association fees to remove their encumbrance allowing them to transfer the property to the party with a clean title. The bank has every right to attempt to collect any out of pocket expenses when fling for a deficiency judgement, whether they will bother is the big question
Good Luck
Bob Patrick
Buy a home after foreclosure, short sale, deed-in-lieu-of or bankruptcy expert
Movin-On LLC
Helping families/people that have or will loss their homes get back into another in as little as 6 months... more
Hi Jack,
if your home gets foreclosed on and sells for more than whats owed on the mortgage at auction, then you are entitled to money back. However there are a TON of fees that will be put on top of your mortgage balance.
2 questions i have for you... Did you get foreclosed on already? and How do you know your home is worth more than your mortgage?
give me a call if you need any additional advice at 718-205-2000 ext 222... more
Hello,
I deal with these types of properties. If funds are readily available, auctions are a good place to catch a great deal but it requires an immediate down payment if offer is accepted by financial rep @ time of auction (they have ultimate say so for acceptance of winning bid). I will see what is coming up @ shoot you an email in these regards.
Thanks,
Brian Moore
bmoore@manapts.com
917..215.5300... more
We specialize in Bank owned foreclosures, Pre Auction and Auction properties in the immediate NYC area and all over the 50 States. Feel free to call me at (347) 867-4541 Monday through Friday 9am to 5pm... more
THE ANSWER IS" YES" THERE NEED TO BE A NATIONWIDE REGISTRATION FOR MODIFICATIONI PROFESSIONALS.
I WAS THINKING THAT I CAN GET HELP,I HURT MY FAMILY AND SELF. THEY PREY ON PEOPLE MAKING YOU FEEL THAT THEY THERE TO HELP. ALL THE TIME TAKING YOUR MONEY AND DOING NOTHING FOR THE HOMEOWNER. FALSE HOPE. YOU NOT A WERE YOU ARE IN DEEPER TROUBLE. MY HUSBAND DECEASED, I AM DISABLE AND I NEED TO KEEP MY HOME FOR THE CHILDREN AND I , THEY DONOT CARE IF YOU HOMELESS. I DONOT HAVE NO MORE MONEY FOR SOMEONE TO TAKE. IF YOU KNOWN OF ANYONE THAT CAN HELP ME SAVE MY HOME. PLEASE CONTACT ME AT 843 753-3380 ASK FOR E. I HAVE LOST SOMEONE THAT WAS EVERYTHING TO ME. PLEASE NOT MY HOME. THANK-YOU... more
In answer to your initial question, I've been reading that it takes somewhere around 900 days to foreclose in NY...You can google New York days to foreclose and you will see all the recent articles on how long it takes. Regarding where your friend is in the process, you have to realize it takes countless certified letters from attorneys and notices posted etc for the bank to foreclose. They will be notified for sure. There is a major back log of foreclosures everywhere, it's possible they just didn't get to it yet. Unless they bring their mortgage current, they are coming. As far as being evicted, this also takes notices from attorney's and they will be notified, but if they are still living there, they will most likely be contacted by an agent and offered cash for keys, which they should take. We list and sell bank owned properties in NJ and last year, I met the sheriff at a home who put out a mother and her 9 year old son in a blizzard in January. So, not sure if they 'don't evict in the winter' in NY, but they do here. Sounds like they have some time, but they should be preparing to move if they are not taking steps to keep their home.... more
All NYC buildings require insurance certificates for work to be done in your apt. That includes trash out. Some buildings to not enforce it. For your own security and peace of mind it is best to get an insurance certificate. If you want to take the chance, then go for it. By any legal document you have for living in that building you are responsible for anything that is done to the building. There are 100 things that could go wrong and you would be on the hook. Weigh the risks involved.... more
Hi Tatia:
Glad you asked about purchasing a first floor store. My suggestion would be to give me a call and I can assist you in locating the perfect place to begin your new business. What type of business are your looking to run?
Please email me or call me at 203-682-4327 my email is betty.stroll@raveis.com
Best of Luck in your new Venture!
Betty Stroll
William Raveis Real Estate 203-682-4327
Email: betty.stroll@raveis.com
Serving the Residential and Commercial Arena since 1998... more
Jack, common sense tells me, yes, both people on the deed to the property might lose the house if the one person deffaults on the mortgage. Check with a reputable real estate attorney, though. Cheers!... more
its best to work with an agent who has experience with REOs in the area you are searching in. 9 times out of 10 you will not have to pay for their services since agents are normally paid by the seller... more
you have many of my colleagues who can help, but I have properties that may be of interest to you.
Direct number: (646)944-5685 Email: hvasquez@hillcourtrealty.com
We really don't have all the details- however in my experience of 20 years-pre-foreclosures don't necessarily mean a short sale as some of you are assuming. I have had owners walk away with plenty in their pocket- enough to buy something else. A pre-foreclosure-the mortgage is in default (due to sickness, death, divorce etc.etc.)not necessarily under water. Keep the 2 issues separate-and Gail as I had mentioned earlier- get the best agent that will market and sell your house for top dollar.. Terry K 718-614-3167 or email me therese.korahais@elliman.com... more
This is a site you have to pay for, they will give you a free 7 day trial, but you have to give them a credit card and if you forget about cancelling in that 7 day time period, you will be billed. I'd also like to point out that most of the fannie mae or freddie mac loans in foreclosure now are being handled by the banks because the Realtors could front so much money on too many accounts.
Although there are still some banks that are requiring the agent to front all of the money to sell a foreclosure, most agents are shying away from them and only taking the ones who the bank has a trash out person.... more