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Wife and I are back to randomly looking for a house after our baby girl was born (man those little boogers really derail your ability to focus on something, but hey they are cute) and we found a nice home thats fitting to what we were looking for, but its listed as in "pre foreclosure" and zillow and Trulia are lacking in the information dept.
Wife and I are back to randomly looking for a house after our baby girl was born (man those little boogers really derail your ability to focus on something, but hey they are cute) and we found a nice home thats fitting to what we were looking for, but its listed as in "pre foreclosure" and zillow and Trulia are lacking in the information dept.
I've said it before, I'll say it again: for the right price I'll move. If not I can sit on my house for at least another 3-4 years before the kids crowd it up.
Wife and I are back to randomly looking for a house after our baby girl was born (man those little boogers really derail your ability to focus on something, but hey they are cute) and we found a nice home thats fitting to what we were looking for, but its listed as in "pre foreclosure" and zillow and Trulia are lacking in the information dept.
How do I find out who to call about the listing?
If it's not listed on MLS yet, it's not on the market yet. Does it tell you the amount of the mortgage? Is it equal to or higher than current market value? (If so, it would/could be a short sale.)
If you believe you are knowledgeable enough, you could approach the homeowner yourself even though it's not officially for sale; or you could get yourself a Buyer Agent and have the agent do the (home)work for you.
Wife and I are back to randomly looking for a house after our baby girl was born (man those little boogers really derail your ability to focus on something, but hey they are cute)
I've said it before, I'll say it again: for the right price I'll move. If not I can sit on my house for at least another 3-4 years before the kids crowd it up.
Patchogues on an upswing (except for the schools)
Sit tight till you have to then.Where are you looking to go.
If it's not listed on MLS yet, it's not on the market yet. Does it tell you the amount of the mortgage? Is it equal to or higher than current market value? (If so, it would/could be a short sale.)
If you believe you are knowledgeable enough, you could approach the homeowner yourself even though it's not officially for sale; or you could get yourself a Buyer Agent and have the agent do the (home)work for you.
Thanks to a little birdie I found the mortgage info/owners/banks, but there is no MLS listed as far as I can tall (though they are listed on Foreclosure.com). Mortgages are higher then market value. I'm pretty good with money/loans/offers but the actual process' I'm in the dark about.
Quote:
Originally Posted by Elke Mariotti
Congrats on your little baby girl!!
Thanks! Shes a hand full like her momma.
Quote:
Originally Posted by Crookhaven
Patchogues on an upswing (except for the schools)
Sit tight till you have to then.Where are you looking to go.
Congrats!
Crooks
Patchogue is nice, but I'm looking for breathing room. Still on my Manorville kick, but open to other spots.
Thanks to a little birdie I found the mortgage info/owners/banks, but there is no MLS listed as far as I can tall (though they are listed on Foreclosure.com). Mortgages are higher then market value. I'm pretty good with money/loans/offers but the actual process' I'm in the dark about.
Thanks! Shes a hand full like her momma.
Patchogue is nice, but I'm looking for breathing room. Still on my Manorville kick, but open to other spots.
Thanks to a little birdie I found the mortgage info/owners/banks, but there is no MLS listed as far as I can tall (though they are listed on Foreclosure.com). Mortgages are higher then market value. I'm pretty good with money/loans/offers but the actual process' I'm in the dark about.
.
Let's assume for the moment that the houses you're looking at are not on the market yet. In the case of a short sale, if there is more than one mortgage, move on to another.
If the house isn't owned by the lender yet, you can try a short sale, which means initially you'll be dealing with the homeowner. The lender won't look at any offer unless you're fully in contract (with earnest money and all). And of course there is no guarantee that it'll be approved and you may find you're back to square one after you've waited and had your cash tied up.
Best working with someone who knows about short sales, including an experienced RE attorney.
FYI, the cost of FHA mortgages is going up :-(
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