-
The reply by KDH is not exactly true. If the 2nd lien holder went to an auction and sold his lien -he got his money. The purchaser now holds title but the 1st lien still exists in the name of the original borrower even though that person no longer holds title to the property. If that 1st lien is not...
-
This is Daren at RealtyTrac. You can buy a report with precise counts of foreclosed properties by lender both currently and historically, at the national, state, county and even zip code level, through our data licensing department. You can contact them online at http://www.realtytrac.com/dataproductcenter...
-
The lease option agreement is for three years and once the three years is up I can buy the property back at 1% over prime.
-
The price that is listed is the last lien that was put on the property and has no relationship to the price the house will sell for. I have seen properties with $37,000 (probably a car) as the price and then when I go check it out the selling price is $325,000.
-
The amount listed next to the Bank-Owned property in search results is most likely the bank declared transfer value / the amount they put down on the deed taking back title for that property. Unfortunately, until the bank list the property for sale, we really cannot determine what the bank will accept...
-
Freddie Mac is under the gun to remove non-performing property from its rolls. The GSE has lost $84.4 billion since mid-2008 and has recently been de-listed from the New York Stock Exchange. Freddie Mac has resolved to relieve itself of non-performing property any way it can, including stepping up its...
-
As an investor or a retail buyer looking to buy at a discount where are you more likely to find the steepest discount?
-
It is not only in your benefit to offer a price that the market will support but as an investor, it is mandatory to back up your offer with comparables that will support that offer. As an investor we feel we are helping to get some of these distressed properties off the books of the lenders and placing...
-
I can't confirm the reasons behind why banks are not placing all their foreclosed homes on the market for sale, but it is apparent in the analysis of our foreclosure data here at RealtyTrac that that is the case. When we've matched our bank-owned REO data against listing data we consistently...
-
Sandi, Thanks for your question. I'm assuming this is a bank-owned (REO) property, in which case the bank will probably be listing it for sale if they haven't already. You can use RealtyTrac's Foreclosure-MLS Match feature (see video below) to check for Listing Information on RealtyTrac ...