Zillow Advice RSS: Question-Discussion-Guide,Buying a Foreclosure,AZ http://www.zillow.com/advice/AZ/home-buying-buying-a-foreclosure/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate About bidding on a HUD home http://www.zillow.com/advice-thread/About-bidding-on-a-HUD-home/381474/ Hi, a foreclosed house in Surprise Az I'm interested in, but it's a HUD home going into a bidding process. <br/>1) is there a bidding period for regular buyers as opposed to Investors? ex., if the regular bidding period price is not met, then will it go to investor bidders? or the converse of this is, if the regular bidding price is met, will it still go to the investor bidders in order to get a higher offer?<br/><br/>2) Are the electronic bids open or blind? meaning bidders can see what's the highest bid and try to outbid one another, or its it blind in that you place your&nbsp;bid, have not idea what the other parties are&nbsp;bidding&nbsp;for.<br/><br/>3) Is you bid final? Can you change your bid in an open bid in order to match others?<br/><br/>4) Is there a separate&nbsp;reserve price for different bidders (regular and investors)? Perhaps a higher reserve price for investors? etc..Do the banks care if property is sold to investors as opposed to regular&nbsp;buyers?<br/><br/>Thx..&nbsp;<br \><br \>10 replies Wed, 19 Jan 2011 16:23:00 GMT http://www.zillow.com/advice-thread/About-bidding-on-a-HUD-home/381474/ 2011-01-19T16:23:00Z Can a foreclosed owner offer to re-purchase that same home? http://www.zillow.com/advice-thread/Can-a-foreclosed-owner-offer-to-re-purchase-that-same-home/540841/ We have been allowed to rent the home we lost in foreclosure. The owner now wishes us to move so he can re-sell the home. &nbsp;Are we legally allowed to make an offer to purchase this same house? &nbsp;Could a relative buy the home so we can stay in it until we have a down payment again? &nbsp;Is there a lot of red tape to cut through? &nbsp;Our time here is limited now.<br \><br \>15 replies Thu, 15 May 2014 06:04:00 GMT http://www.zillow.com/advice-thread/Can-a-foreclosed-owner-offer-to-re-purchase-that-same-home/540841/ 2014-05-15T06:04:00Z What's your experience with negotiating a purchase of a Fannie Mae property that appraised low? http://www.zillow.com/advice-thread/What%27s-your-experience-with-negotiating-a-purchase-of-a-Fannie-Mae-property-that-appraised-low/429318/ I would like to hear other people's experiences with how their negotiations have gone with buying a FannieMae REO property that gets appraised (by the buyer's non-FM lender) for lower than the price, especially from anyone in the North Phoenix area. &nbsp;This may help me know what possible outcomes to expect, as my initial appraisal number from my <a href="http://www.zillow.com/directory/lenders/">lender</a> is turning out to match the previously mentioned&nbsp;circumstance. &nbsp;I should note that I am not financing through HomePath, but instead through a company I trust that gives me a&nbsp;low rate&nbsp;conventional <a href="http://www.zillow.com/mortgage-rates/">loan</a> without PMI. &nbsp;My agent is already working the seller's agent on this, but I am just curious to know the experiences or possible outcomes from others.<br/><br/>What annoys me in retrospect is that every Fannie Mae REO I looked at in the prior month had all been on the upper end or higher than all comps, regardless of whether the comps are <a href="http://www.zillow.com/homes/for_sale/fore_lt/">foreclosures</a> or not. &nbsp;In pre-appraisal, pre-acceptance negotiations of my current purchase attempt, I did my best to limit the price to the&nbsp;aggressive&nbsp;side of the area's comps without going over the top of all comps. &nbsp;So this to me seems to somewhat invalidate the argument that "appraisals are catching up to actual home values" in my particular area, unless we re-frame "catching up" as "being less conservative".<br \><br \>10 replies Thu, 19 Jan 2012 19:57:00 GMT http://www.zillow.com/advice-thread/What%27s-your-experience-with-negotiating-a-purchase-of-a-Fannie-Mae-property-that-appraised-low/429318/ 2012-01-19T19:57:00Z My Agent said I HAVE to offer full list for HUD home... Is that true? http://www.zillow.com/advice-thread/My-Agent-said-I-HAVE-to-offer-full-list-for-HUD-home-Is-that-true/526165/ Looking to buy an HUD property in Green Valley, Arizona. Its a fairly new listing listed at $49000. After determining the reno costs wouldnt be too much I told my agent I wanted to make an offer. She wrote me this today:<br/><br/>&nbsp;"This type of foreclosure sale (HUD) requires the buyer to pay the&nbsp;<strong><u>full listing price</u></strong>. They will NOT accept any offers that are lower than this price "&nbsp;<br/><br/>Is that true? I was under the impression that you CAN offer under list on HUD and many times it is accepted.&nbsp;<br/><br/>Any insight on this would be greatly appreciated.<br/><br/>Thanks!!<br/><br/><br/><br \><br \>5 replies Mon, 27 Jan 2014 23:51:00 GMT http://www.zillow.com/advice-thread/My-Agent-said-I-HAVE-to-offer-full-list-for-HUD-home-Is-that-true/526165/ 2014-01-27T23:51:00Z Do I need to put my own appliances in home for FHA Loan? http://www.zillow.com/advice-thread/Do-I-need-to-put-my-own-appliances-in-home-for-FHA-Loan/545289/ We purchased a house through auction. Signing off that the bank has no intentions of making any repairs, etc. We are doing an FHA loan and the appraisal came back asking for installation of Range/Oven, Microwave, dishwasher and disposal. My main concern is that I don't own the house and don't know how comfortable I feel placing my appliances into a home I do not own, probably isn't secure, and have no authorization over who goes in and out. Is there any way around this problem with addendum's to place items in there after closing for example. Any advice or insight would greatly be appreciated. Thanks<br \><br \>7 replies Thu, 12 Jun 2014 20:09:00 GMT http://www.zillow.com/advice-thread/Do-I-need-to-put-my-own-appliances-in-home-for-FHA-Loan/545289/ 2014-06-12T20:09:00Z Vandalism after during finance of auction http://www.zillow.com/advice-thread/Vandalism-after-during-finance-of-auction/543468/ I am looking at an auctioned home and will be financing. The house is vacant and only has few cosmetic items to be addressed. Yes I am aware of potential issues that may be under the surface but what I wanted to know if there was any type of warranty or protection for the house if I were to win the auction and it were to be broken into/vandalized during the financing period? Am I still liable to purchase the house if there was substantial damage? Am I able to change locks right when I win the auction or anything like that. Any insight would be greatly appreciated.<br \><br \>3 replies Sat, 31 May 2014 18:47:00 GMT http://www.zillow.com/advice-thread/Vandalism-after-during-finance-of-auction/543468/ 2014-05-31T18:47:00Z How do I buy a listing on this site. http://www.zillow.com/advice-thread/How-do-I-buy-a-listing-on-this-site/532352/ 4 replies Fri, 14 Mar 2014 19:48:00 GMT http://www.zillow.com/advice-thread/How-do-I-buy-a-listing-on-this-site/532352/ 2014-03-14T19:48:00Z If you buy a foreclosure or bank owned property do you have to pay points, survey and title search c http://www.zillow.com/advice-thread/If-you-buy-a-foreclosure-or-bank-owned-property-do-you-have-to-pay-points-survey-and-title-search-c/434887/ It seems to me that most of the closing costs are to insure that the lender has the best information so they can make the loan, but if the property is already owned by the bank is it necessary to duplicate the closing costs to verify what they should already know?<br \><br \>4 replies Mon, 12 Mar 2012 16:51:00 GMT http://www.zillow.com/advice-thread/If-you-buy-a-foreclosure-or-bank-owned-property-do-you-have-to-pay-points-survey-and-title-search-c/434887/ 2012-03-12T16:51:00Z I'm interested in a home or condo w/view. http://www.zillow.com/advice-thread/I%27m-interested-in-a-home-or-condo-w-view/527894/ Dear Zillow" I'm not a rich man, or a broker, but I have been buying real estate since I was 22 years old. I'm now 63, and my cousin, and sister, and me&nbsp;want to look after eachother. I have suggested a place in Arizona. Single family, or a condo We are flexible , but on a budget.. Can anyone find us a dreamhouse w/glass high up maybe a view of city lights. Not a big sprawling place, maybe a place that needs some work, a simple 2br+ w/ garage is all we ask. Just sending out a feeler if anyone knows of a property like this. Thank you, and happy living. Anthony.P.S. it could be paradise valley,or anywhere where the location is good.<br \><br \>4 replies Mon, 10 Feb 2014 06:17:00 GMT http://www.zillow.com/advice-thread/I%27m-interested-in-a-home-or-condo-w-view/527894/ 2014-02-10T06:17:00Z first time home buyer: damage to a home lower home value? http://www.zillow.com/advice-thread/first-time-home-buyer-damage-to-a-home-lower-home-value/528770/ we are renting now from the home owner and want to buy the home, she doesn't want the house and is letting it go to foreclosure.<br/>Before she moved out there was damage done to the home by her animals: dry wall and trim ripped out from dogs, the garage doors are destroyed from the horses kicking it&nbsp;that were turned out on the property and stucco missing in spots from the&nbsp;horses kicking the house. <br/>How can I buy the home before I lose it completely?<br \><br \>9 replies Mon, 17 Feb 2014 17:20:00 GMT http://www.zillow.com/advice-thread/first-time-home-buyer-damage-to-a-home-lower-home-value/528770/ 2014-02-17T17:20:00Z I am new to Zillow, I would like to enter a profile of homes and locatins I would be interested in http://www.zillow.com/advice-thread/I-am-new-to-Zillow-I-would-like-to-enter-a-profile-of-homes-and-locatins-I-would-be-interested-in/523752/ I would like to get notification of pre-advertised property that I would be interested in'<br/>I also would like to filter "fix-er-uppers" as well..<br/>Thanks for your help..<br/>John<br \><br \>3 replies Wed, 08 Jan 2014 16:20:00 GMT http://www.zillow.com/advice-thread/I-am-new-to-Zillow-I-would-like-to-enter-a-profile-of-homes-and-locatins-I-would-be-interested-in/523752/ 2014-01-08T16:20:00Z buying my first home http://www.zillow.com/advice-thread/buying-my-first-home/519648/ HI everyone!&nbsp;<br/><br/>I am recently thinking/planning to buy a house, don't know if it is a good idea for me just yet, but I figure if I am gonna pay so much to rent a house, it might be better to actually put the money toward a house? We live in Arizona, and considering getting something around the Queen Creek area since the houses are newer there, the neighborhood is not bad and the prices are comparatively low (we are open for other areas too, just want to get the right house for us!)<br/><br/>Well, a little background, my boyfriend and I are considering buying a house but we don't know anything about real estate at all! I know that there're foreclosure houses, short sell houses and rent to own houses and we don't know which one would be the best option for us (we really don't know what each one are). My boyfriend don't have good credits so we think it will be best to use mine if we have to get a mortgage or a loan whatever we need to get the money for the house. We probably won't have much for down payment neither (would that be a problem?) so we are looking for some of your professional opinions to which direction we should go.<br/><br/>Thank you!<br \><br \>14 replies Wed, 20 Nov 2013 23:35:00 GMT http://www.zillow.com/advice-thread/buying-my-first-home/519648/ 2013-11-20T23:35:00Z can you by a foreclosure with a v a loan http://www.zillow.com/advice-thread/can-you-by-a-foreclosure-with-a-v-a-loan/512033/ 10 replies Thu, 19 Sep 2013 19:08:00 GMT http://www.zillow.com/advice-thread/can-you-by-a-foreclosure-with-a-v-a-loan/512033/ 2013-09-19T19:08:00Z How do I get more information regarding this location? 4775 e Horse Mesa Tr. http://www.zillow.com/advice-thread/How-do-I-get-more-information-regarding-this-location-4775-e-Horse-Mesa-Tr/510513/ I see this location is up for forclosure.&nbsp; Who do I contact for specific information on potentially purchasing this home?<br \><br \>3 replies Sun, 08 Sep 2013 23:29:00 GMT http://www.zillow.com/advice-thread/How-do-I-get-more-information-regarding-this-location-4775-e-Horse-Mesa-Tr/510513/ 2013-09-08T23:29:00Z In a short sale if the seller took the appliances but they're listed, can I ask for a credit? http://www.zillow.com/advice-thread/In-a-short-sale-if-the-seller-took-the-appliances-but-they%27re-listed-can-I-ask-for-a-credit/489059/ I'm looking at a short sale in AZ. On the listing it says all appliances included except the washer and dryer; however, the only appliances in the condo were the washer and dryer which makes me feel like it's almost a bait and switch. My realtor said the lender won't approve a loan with absolutely no appliances, which I can't see as true. I'm afraid the bank will remove the washer and dryer and tell me too bad so sad for the rest. Am I able to request a credit for a new kitchen suite and the washer and dryer to stay?<br \><br \>7 replies Mon, 22 Apr 2013 21:38:00 GMT http://www.zillow.com/advice-thread/In-a-short-sale-if-the-seller-took-the-appliances-but-they%27re-listed-can-I-ask-for-a-credit/489059/ 2013-04-22T21:38:00Z have some cash, wanna buy around tucson area. http://www.zillow.com/advice-thread/have-some-cash-wanna-buy-around-tucson-area/496111/ need decent forecloser, fixeruper for investment sake, any advise? under 40,000!<br \><br \>7 replies Sat, 08 Jun 2013 21:47:00 GMT http://www.zillow.com/advice-thread/have-some-cash-wanna-buy-around-tucson-area/496111/ 2013-06-08T21:47:00Z How do we get information on what bank has forclosed on a property? http://www.zillow.com/advice-thread/How-do-we-get-information-on-what-bank-has-forclosed-on-a-property/501870/ We would like to put in an offer on a recently foreclosed property. How do we find out what bank has the loan?<br \><br \>1 reply Sun, 14 Jul 2013 19:16:00 GMT http://www.zillow.com/advice-thread/How-do-we-get-information-on-what-bank-has-forclosed-on-a-property/501870/ 2013-07-14T19:16:00Z Does the agent that is selling a foreclosed home for a bank take care of repairs and clean outs? http://www.zillow.com/advice-thread/Does-the-agent-that-is-selling-a-foreclosed-home-for-a-bank-take-care-of-repairs-and-clean-outs/497108/ Or does somebody else take care of that before hand?<br \><br \>2 replies Fri, 14 Jun 2013 15:59:00 GMT http://www.zillow.com/advice-thread/Does-the-agent-that-is-selling-a-foreclosed-home-for-a-bank-take-care-of-repairs-and-clean-outs/497108/ 2013-06-14T15:59:00Z How accurate is the Zillow Foreclosure Estimate in Gold Canyon, AZ zip 85118, specifically in Mounta http://www.zillow.com/advice-thread/How-accurate-is-the-Zillow-Foreclosure-Estimate-in-Gold-Canyon-AZ-zip-85118-specifically-in-Mounta/496154/ 1 reply Sun, 09 Jun 2013 05:47:00 GMT http://www.zillow.com/advice-thread/How-accurate-is-the-Zillow-Foreclosure-Estimate-in-Gold-Canyon-AZ-zip-85118-specifically-in-Mounta/496154/ 2013-06-09T05:47:00Z Is there a conflict of interest? http://www.zillow.com/advice-thread/Is-there-a-conflict-of-interest/492448/ I found a great deal on a bank owned foreclosure in Phoenix AZ, and asked a real estate agent to put in a full price offer for it.&nbsp; After two weeks, I haven't heard anything from anyone (bank, listing agent, my agent).&nbsp; My agent claims that he can't get info from anyone, and believes the bank is dragging it's feet waiting for multiple offers.&nbsp; And oh, by the way, my agent's partner (and boyfriend) has a client who is also putting in an offer for the property.&nbsp; I suppose it's common for agents within the same company to represent clients on the same property, but if the bank comes back with a "multiple offer - make your best and final", is there a conflict of interest if there is a close personal and/or professional relationship between two agents representing two clients on the same property?<br \><br \>5 replies Wed, 15 May 2013 17:31:00 GMT http://www.zillow.com/advice-thread/Is-there-a-conflict-of-interest/492448/ 2013-05-15T17:31:00Z