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There is a foreclosed house on my street. How can I find out more about this house and how much it is?
Question by sleepylilme: There is a foreclosed house on my street. How can I find out more about this house and how much it is?
I live in a nice neighborhood in Austin, TX. A couple of years ago our neighbors 3 houses down the street moved and a large family moved in. I never saw that the house was “for sale” (no signs in the yard, etc) so I wondered at the time what happened. (If anyone knows how the property changed hands in this manner, I’d like to know). The house is a beautiful house, but the new neighbors turned out to be very undesirable and in a short time the exterior was looking shabby (unmowed lawn, no yard care at all, dying plants, vehicles parked everywhere, tires laying around, a broken window or two). I assume the house was foreclosed on a few months ago as the “owners” are now gone and have left behind a legacy of filth and disrepair. Out of curiosity, I peered in a few windows around the house and my bold husband tried the garage a couple days ago and it was open, so we took a quick walk through the place. I was utterly shocked at the level of ruin this place is in. The carpets are destroyed throughout the property, Appliances pulled away from the wall and rusted out, art niches with the sides smashed in, many broken windows, the ceiling above a 2 story stair has water damage and is peeling/open. The place is a nightmare, YET the structure and design of the house is still intact and holds much promise with restoration. It has a large yard with a few trees (still living, unbelievably)…it is full of all kinds of abandoned crap and furniture at the moment. We really like the house but its certainly in no shape to sell. I am wondering what will happen with this house? I guess it must have been up for sale at a trustee auction (sheriff sale) but I don’t know. There are no signs in the window as far as a HUD sale or anything like that. There is a lockbox on the door and thats it. How do we find out more about this property? I would imagine it would sell rather cheaply in the condition it is in. Is it possible for it to sit vacant for a long period of time? It has already been vacant this fall. What happens to homes in this state of disrepair? Do the banks attempt to clean/fix them before sale, or sell as is? Any info would be appreciated. Thanks!
Best answer:
Answer by Rick W
call the county
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Q&A: I’m about to sell my house in New Orleans, and I have a question…?
Question by J-lynn: I’m about to sell my house in New Orleans, and I have a question…?
I have property in New Orleans that has a house (which has been gutted) on it. This property was affected due to hurricane Katrina. I’m not if that has any relevance to what I’m about to ask, but just wanted to mention it, because it has relevance in the reasoning of why I am selling it for such a cheap price.
I was contacted by a contractor who is willing to buy it from me. He is offering me much less than what the property/dwelling is worth. I am going to take his offer because honestly at this point, I just want it out of my hands. I own the property out right. I paid off my mortgage two years ago and there is no lien on the property.
Here is my question- he has been handling everything and says that my husband and I just need to show up to sign paperwork next tuesday. He says we are going to do a “quick sale” and that he will pay us right then and there with cash. (I’m assuming he means a cashier’s check and not literally cash) This whole process has taken only about two weeks. I’m starting to get concerned that maybe I’m missing something? I’m anxious to get this over with and I’m sure he knows that. I just don’t want to be taken advantge of even more so than I already am by accepting less than what the property is worth…
Is there anything I should know going into this?
What exactly is a “quick sale”?
Best answer:
Answer by kemperk
a; he means cash [bad idea--no paper trail]
b; a quick sale is a bank sale–not applicable in your case
c; he probably intends to FLIP it–he probably has someone else ready to pay him a 15+ profit.
[good for him.]
d; I would do none of this without using a title firm and if your state does not use
a title company to “close escrow,” I would hire a RE atty. It will be worth it.
e; I do not trust your buyer with a 15 ft pole.
LET a contractor handle NONE of the affairs. They are skilled at building and repairing
not in helping buy or sell RE.
HE might even be violating one or more state laws in TRYING TO Rep your interests
which is called DUAL AGENCY–when he can’t offer ANY agency without a license
for REAL ESTATE.
be very polite and hire an ATTY TODAY!
do not tell him that yet. LET the atty call him —or when you are pleased with the ATTY
skills/attitude, have the guy meet you at the atty’s office…….or have the atty
go with you to the contractor’s office.
Available to guide you further
What do you think? Answer below!
Buyers About to Face Tougher Times, Make A Quick Property Sale
Buyers About to Face Tougher Times, Make A Quick Property Sale
There is a big possibility that property buyers are about to face an even tougher time buying an house, despite how hard it already is to do so. This is so because banks may start cutting the amounts being offered in mortgage loans.
Read more on Quick Cash for Properties (blog)
All the Good Things about a Fast House Sale
All the Good Things about a Fast House Sale www.fast-house-sale.co.uk
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About those “We buy your house… fast!” companies….?
OK… so my husband and I have two houses. I owned a condo before we got married and then he got the loan for the house we live in now.
We haven’t lived in the condo for 2 years now. The first year it sat vacant while we worked on clearing out our stuff. The second year we spent a few months cleaning and painting. Then we listed it for a few months but the market (Missouri) is slow. Now we’re renting it to a friend of my husband’s. My question is… I’m anxious to sell this thing and get rid of it. I was searching options on the Internet and came across sales pitches that claim to “sell your house fast!!” Has anyone heard anything bad about these companies? Has anyone used them?
I need to sell my house fast and I don’t know how to go about doing that.?
Ok I need to move because I’m getting behind on my payments. I need to move somewhat fast but I have never moved before so I don’t really know where to begin. I don’t know what to do about the whole process. I need to find a realator with good rates who doesn’t take TOO much and I need to know what all i need to do? Do i just call a realator and have them put it up for sale? I just need it done fast..what do i do? I’m falling behind on my payments. I have not paid February’s or March’s yet :/
I live in Central Florida F.Y.I
our landlord is selling our house, we have 6 more months on our lease and the house is about to go foreclose?
he hasn’t paid the morgage in a few months and the house is about to go into foreclosure so he is trying to get a fast sale. We didn’t pay him the rent this month but we set it asaide and a different bank account, are we doing the right thing, does he have to buy out our lease or the nes owner or are we just s.o.l.
I need information about selling a house fast!?
my husband and I need to sell our house because of a job change. What happens if I cant get the amount of my mortgage out of the sale of the house? Will i have to pay that before it closes or will i still be able to make payments? what are the hidden costs in selling a house? I want to know how it works, so let me know! thanks!
All about property in 2010
All about property in 2010
THE property market has made a dramatic recovery over the past year. In the residential sector, prices of mass-market homes have even surpassed their 2007 peak.
Read more on AsiaOne