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Old 08-02-2011, 06:36 AM
 
6 posts, read 6,684 times
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first of all, thank you for your advice!

Our house is valutated 500k, 550k furnished !Now we would like to put it on the market and see what will happen!!

If somebody does an offer! We appreciate view foreclosure houses but we know it's really difficult!
If we do an offer to a bank, how many days will we wait for an aswer more or less?
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Old 08-02-2011, 11:16 AM
r_k
 
Location: Planet Earth
836 posts, read 2,189,342 times
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Quote:
Originally Posted by cri.volpin View Post
first of all, thank you for your advice!

Our house is valutated 500k, 550k furnished !Now we would like to put it on the market and see what will happen!!

If somebody does an offer! We appreciate view foreclosure houses but we know it's really difficult!
If we do an offer to a bank, how many days will we wait for an aswer more or less?
OK good luck. For making an offer to a bank, they will usually reply fairly quickly:

(1) Foreclosure (I assume we're really talking REO, or bank owned. Foreclosure also means other things): 2 to 10 days. You should put a contingency in your offer asking for a reply within a few days.

(2) Short Sale: Anywhere from a week upto many months.

In all cases when dealing with a bank, you have to be extra careful. They often have missing or lost paperwork, pending court cases etc. These can cause the sale to fall through even after the offer is accepted.
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Old 08-03-2011, 12:15 AM
 
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Sorry if i'm not clear! I was talking about bank owned! For us this procedure is completly new because it Italy is completly different!

but do you think it worths to look for a forclosure house?
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Old 08-03-2011, 11:28 PM
r_k
 
Location: Planet Earth
836 posts, read 2,189,342 times
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Quote:
Originally Posted by cri.volpin View Post
...but do you think it worths to look for a forclosure house?
Sure, some of the better deals are foreclosures (or more correctly, reo/bank owned).

You should look at all properties.
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Old 08-20-2011, 07:35 AM
 
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'If i buy a foreclosure house, how is the property tax calculated?
On the house value or on the price I get to the bank??
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Old 08-20-2011, 08:36 PM
r_k
 
Location: Planet Earth
836 posts, read 2,189,342 times
Reputation: 453
Property tax is calculated based on the estimated value of the house (as determined by the county assessor's office). It is not based on what you paid for it.
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Old 08-23-2011, 12:16 AM
 
8,289 posts, read 13,559,257 times
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I suggest you hire a Realtor to sell your house & help you find you a foreclosure property. Also if you just bought your house a few months ago I wouldn't expect you to make a profit or even break even depending on how much money you put down in the first place.
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