mortgage!
Tuesday, July 29, 2008 @ 7:18 AM
florida mortgage? There might be quite a few things to look at in this particular situation. I personally have bought many foreclosures. However, in your situation it sounds as though the house is not quite foreclosed on yet, but perhaps in a state of default. If this is the case you might be trying to attempt a short sale with the mortgage company. You could start at the counties recorders office in your area, but my recommendation to you, if you are really interested in this house, is to contact a title company in your area and have them prepare a profile report on the desired property. This report will give you a good starting point with lenders info and surrounding homeowner’s info. (Sometimes these title companies might have a website with free access to it, I use Chicago title).
However, the real important question you need to find an answer to is, why this house is going into foreclosure. If the house was just bought within the past year, it might have been that it was over paid for (this happened a lot in many areas). If the owner fell behind on payments and couldn't refinance, why were they not able to (if appraisal didn't support loan amount payoff). If the answers to these questions are that their is more owed than what it is worth, then wait till the lender takes it back at auction, and put a considerable offer on it then. (You would be surprised how low you can purchase bank owned homes that are on the market (70%-75% below market value)).
L.O.V.E.
love girl
know her feelings
known as
nikkyby her friends but real name is
Michelle. proud
Pinay
Lovable to those who love her.
Hater on those who hate her.
L♥RVE...2 princesses, husband, color
pink, blogging, shopping, my pink gadgets.
HATES...stabber, fake, plastic, maarte, chismosa.
wishlist
coming soon
wacom intius 3. own house. big bed. plasma tv. nice car. hard drive. travel around the world. garden.
chitchatbox
say hi
April 2008
May 2008
June 2008
July 2008
August 2008
September 2008
October 2008
credits
thank you