2

My house went into foreclosure in Michigan?

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My house went into foreclosure, and was sold almost 4 months ago. I have not heard from the mortage company or lawyers. I don’t know who bought it or anything. I do know, I have 6 months redemption period, but when does this begin? I thought that somebody would notify me of who purchased it, or when, how much etc… Can anyone give me advice. I dont even know what date I have to leave Thank you

You are never told who purchased your home.
There is a possibility it sold for more than you owed on it or equal to the balance you had left on it.
You need to contact the court that handled your foreclosure/ attorneys involved. I believe you have up to 6 months in getting out however since the home has been sold, as you stated, I am surprised you have not heard from the new owners.
Were you summoned to court in regards to the foreclosure? Have you not received a summons to vacate the premises is all in question. Just be prepared for that to come.

4

Could you please give me some advise on buying a foreclosed home?

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I am interested in buying a foreclosed home to live in. If you have experience with this, could you please give me some advice. Do you recommend any websites or books on the issue?

Couple things to look out for…

1)Make sure it has good structure.
2)Check to see if Taxes have been paid if not you are responsible.
3) HOA Liens.. Make sure all HOA are up to date.
4) Make sure Water Bill is up to date
5) Make sure there aren;t a lot of foreclosures in the area
6) make sure your getting it was under vaule.. If not wait and they will drop the price..

Not sure the state you in so some stuff might be different depending on the foreclosure laws. I would make sure you are buying in a good area because if there are a lot of foreclosures in the area then your house is going to drop in value.. Also this is a foreclosure and if you haven’t seen the inside be prepared for the worst (mold, Structural Repair, Bad pipes depending on when they moved out)…

hope this helps

6

Are you in favor of presidant-elect Barack Obama freezing foreclosures to help familys who may lose there home?

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Answer yes,no, or undecided

It depends on the situation. If the family is facing foreclosure due to losing their jobs-then yes. If they were one of the idiots who took out a lona they knew they couldn’t pay for or afford-then no.

3

I have bad credit and am on single parent pension, how can I buy a house?

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I want nothing more than to own my own home, but I can’t afford the rent to buy houses, and banks won’t give me a chance because I have bad credit and don’t work. I’m willing to do whatever it takes, does anyone know any way or any company that can help me? Oh by the way I live in NSW Australia.

Not going to happen – you need a job to qualify for any loan. HFH is American and not present in Australia

1

I am in the process of buying a 2nd home, (short-sale/foreclosure) in Tampa FL?

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I live in New York and have the 20% down payment as required and all pre-pays at closing based on what I pre-qualified for. I know with a short-sale it can take sometime b4 the close or it may not happen at all. Anyone out-of-state ever gone through this and care to share some insight? Thanks!

You may need expert help and should consider pay for service professional services. These are real estate services offered by professional real estate brokers, where you pay only a flat fee for the services you select from the broker.