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Kurt and Sheila Team

Zillow Local Expert in:

  • 30189
  • Woodstock

The Local Expert badge is awarded to those who have made valuable contributions in a specific city or neighborhood on Zillow. Local Experts are active Zillow users who share their real estate knowledge and help others by contributing high-quality content at a local level. The more and better the contributions a user makes that relate to that city or neighborhood, the more likely an award will be granted. Users' contributions can be seen in their profiles.

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Premier AgentTeam

100 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Short-Sale

Advice

  • (4 Contributions,
  • 0 Best Answers,
  • 1 Helpful)

Contributions are sorted newest to oldest.

bankruptcy

Answer

Something to consider too. If you also had a foreclosure at the time of your bankruptcy, traditional lenders will make you wait 3 years after the foreclosure.

  (0)
Have you had experiences the foreclosure home could not close another 120 days due to IRS liens ?

Answer

The IRS has a right of redemption on properties they have liened. The foreclosing attorney had probably forgotten to notify the IRS and give them their permitted time to determine if the home had sufficient equity to payoff the mortgage before it foreclosed and then liquidate the home to cover the tax liens. What they weren't mentioning to you was that there was a slim chance you wouldn't be able to buy the home 120 days later.

  (0)
There's a lien on the seller's house, will it kill the sale?

Answer

I think the bankruptcy poses a much bigger threat to killing this deal.  The bankruptcy court will want to consider the equity in this home as part of the bankruptcy.Assuming the court has already released the home from the bankruptcy, the credit card company will not likely release it's lein until the bankruptcy court indicates that the bankruptcy is complete and all debts are forgiven.Unfortuneately, this happens commonly when it shouldn't.  A preliminary title search should have been completed before the property was listed for sale.

  (0)