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Answers (7)
- Linda Strasberg, "L Strasberg"
- Contributions:2314
Locate a Buyer's Agent that can help you find the best value for the money in the area you're interested in...they will show you everything that fits in your budget and let you know the steps needed to get the property you desire.
- Don Fabrizio-Garcia, "FabRealEstate"
- Contributions:140
sonya_27:
A home with a lis pendens filed does not mean that the home is available for sale. Also, the "price" you saw on the home is most likely the amount of the loan that there is a default on - not the market value of the home and not the price they would sell the home for.
You will find many homes listed on these foreclosure sites that may never come up for sale - the lis pendens is just the first step in the foreclosure process, and at that point, many homeowners will do all they can to try to save their home.I don't know the particular home you are considering, so I can't speak to this specific situation.However, you say that you need to know if the home will fit in your budget. Your first step should be to speak with a local mortgage broker and obtain pre-approval for financing. This will tell you how much home you can afford as well as give you an idea of what the monthly costs will be. Sellers - especially banks - will not even consider an offer on a home without mortgage pre-approval.
A home with a lis pendens filed does not mean that the home is available for sale. Also, the "price" you saw on the home is most likely the amount of the loan that there is a default on - not the market value of the home and not the price they would sell the home for.
You will find many homes listed on these foreclosure sites that may never come up for sale - the lis pendens is just the first step in the foreclosure process, and at that point, many homeowners will do all they can to try to save their home.I don't know the particular home you are considering, so I can't speak to this specific situation.However, you say that you need to know if the home will fit in your budget. Your first step should be to speak with a local mortgage broker and obtain pre-approval for financing. This will tell you how much home you can afford as well as give you an idea of what the monthly costs will be. Sellers - especially banks - will not even consider an offer on a home without mortgage pre-approval.
- girouard property RE
- Contributions:981
If you are in the market to purchase find a realtor quick. I don't think that the answer you got from this person is right, although I don't know the entire situation.
- sonya_27
- Contributions:2
Sorry for not putting in my location.
I am in Norwalk, Ct. I have used the foreclosure.com site and I found a house tht is listed with a notice of default - a lis pendens.
I would like to know if this is a pre-foreclosure and has a possibility for being bought.
Also I was told by another agent that it may be just a default to ensure a better refinancing for the mortgage.
I would really like some more clarity.
thanks Sonya_27
I am in Norwalk, Ct. I have used the foreclosure.com site and I found a house tht is listed with a notice of default - a lis pendens.
I would like to know if this is a pre-foreclosure and has a possibility for being bought.
Also I was told by another agent that it may be just a default to ensure a better refinancing for the mortgage.
I would really like some more clarity.
thanks Sonya_27
- girouard property RE
- Contributions:981
Find a realtor in your area that has completed at least 4 short sales, do not go to someone who has no experience with short sales, they are tough, if you have no clue.
when you find that realtor ask for documentation of 4 successful closed either with buyers or sellers.
Not me, I've never done a short sale. There's a couple of guys in my office if you are in the SF Bay area I can refer you to
I don't ask for referal $$$ on zillow referals
when you find that realtor ask for documentation of 4 successful closed either with buyers or sellers.
Not me, I've never done a short sale. There's a couple of guys in my office if you are in the SF Bay area I can refer you to
I don't ask for referal $$$ on zillow referals
- Craig Yeager, "yeagersells"
- Contributions:51
Sonali,
Where are you located?
Where are you located?
- carl_3
- Contributions:5
which state are you in?
Anyone who can help me with buying a pre foreclosure?
Thanks
Sonali
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