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SD Realtor
Participantxbox there is definitely no harm in sending them an unsolicited request to purchase. I know people who have literally knocked on doors. I left a note for someone in scripps a year ago when I was looking. Many times the sellers are actually trying to do a loan mod either by themselves or using an attorney. If there is a NOD on it then yes any realtor can help you find the basic information. If you really want to arm yourself with alot more, go downtown and pull up all the records at the county recorders. There may be other liens, IRS and otherwise that will be useful for you to know about.
Personally I have never heard of a homeowner and a buyer working out a short sale with the lender in a FSBO type of manner. It may indeed be possible, you never know unless you try it. The first hurdle though is approaching the homeowner to see if they will entertain the idea.
Denial runs in many directions and many homeowners in deep trouble with lenders tend to deny the situation. Even when valid unsolicited offers come along they blow them off with some delusional attitude like they will be able to keep the home and everything will be alright.
Participantxbox there is definitely no harm in sending them an unsolicited request to purchase. I know people who have literally knocked on doors. I left a note for someone in scripps a year ago when I was looking. Many times the sellers are actually trying to do a loan mod either by themselves or using an attorney. If there is a NOD on it then yes any realtor can help you find the basic information. If you really want to arm yourself with alot more, go downtown and pull up all the records at the county recorders. There may be other liens, IRS and otherwise that will be useful for you to know about.
Personally I have never heard of a homeowner and a buyer working out a short sale with the lender in a FSBO type of manner. It may indeed be possible, you never know unless you try it. The first hurdle though is approaching the homeowner to see if they will entertain the idea.
Denial runs in many directions and many homeowners in deep trouble with lenders tend to deny the situation. Even when valid unsolicited offers come along they blow them off with some delusional attitude like they will be able to keep the home and everything will be alright.
Participantxbox there is definitely no harm in sending them an unsolicited request to purchase. I know people who have literally knocked on doors. I left a note for someone in scripps a year ago when I was looking. Many times the sellers are actually trying to do a loan mod either by themselves or using an attorney. If there is a NOD on it then yes any realtor can help you find the basic information. If you really want to arm yourself with alot more, go downtown and pull up all the records at the county recorders. There may be other liens, IRS and otherwise that will be useful for you to know about.
Personally I have never heard of a homeowner and a buyer working out a short sale with the lender in a FSBO type of manner. It may indeed be possible, you never know unless you try it. The first hurdle though is approaching the homeowner to see if they will entertain the idea.
Denial runs in many directions and many homeowners in deep trouble with lenders tend to deny the situation. Even when valid unsolicited offers come along they blow them off with some delusional attitude like they will be able to keep the home and everything will be alright.
August 25, 2009 at 4:40 PM in reply to: What happens to things on the property when house auctions? #448902ParticipantAnx I am to lazy to give the long version of what happens, but suffice it to say, there is a little dependency on the value of the personal property. Under 300 bucks verses over 300 bucks. In your case they have to publicly post that there is property there and then it goes into storage. Eventually you will lose it though. My advice is to get it and get it quick. No telling what can happen to it (vandals and other stuff).
August 25, 2009 at 4:40 PM in reply to: What happens to things on the property when house auctions? #449093ParticipantAnx I am to lazy to give the long version of what happens, but suffice it to say, there is a little dependency on the value of the personal property. Under 300 bucks verses over 300 bucks. In your case they have to publicly post that there is property there and then it goes into storage. Eventually you will lose it though. My advice is to get it and get it quick. No telling what can happen to it (vandals and other stuff).
August 25, 2009 at 4:40 PM in reply to: What happens to things on the property when house auctions? #449434ParticipantAnx I am to lazy to give the long version of what happens, but suffice it to say, there is a little dependency on the value of the personal property. Under 300 bucks verses over 300 bucks. In your case they have to publicly post that there is property there and then it goes into storage. Eventually you will lose it though. My advice is to get it and get it quick. No telling what can happen to it (vandals and other stuff).
August 25, 2009 at 4:40 PM in reply to: What happens to things on the property when house auctions? #449505ParticipantAnx I am to lazy to give the long version of what happens, but suffice it to say, there is a little dependency on the value of the personal property. Under 300 bucks verses over 300 bucks. In your case they have to publicly post that there is property there and then it goes into storage. Eventually you will lose it though. My advice is to get it and get it quick. No telling what can happen to it (vandals and other stuff).
August 25, 2009 at 4:40 PM in reply to: What happens to things on the property when house auctions? #449691ParticipantAnx I am to lazy to give the long version of what happens, but suffice it to say, there is a little dependency on the value of the personal property. Under 300 bucks verses over 300 bucks. In your case they have to publicly post that there is property there and then it goes into storage. Eventually you will lose it though. My advice is to get it and get it quick. No telling what can happen to it (vandals and other stuff).
ParticipantYep I would second the motion about calling Sheldon (HLS). He is very helpful.
ParticipantYep I would second the motion about calling Sheldon (HLS). He is very helpful.
ParticipantYep I would second the motion about calling Sheldon (HLS). He is very helpful.
ParticipantYep I would second the motion about calling Sheldon (HLS). He is very helpful.
ParticipantYep I would second the motion about calling Sheldon (HLS). He is very helpful.
ParticipantTryingtobalance it is a tough spot. However I would not recommend making any purchase on a home especially if if means giving up your emergency money. It just makes no sense. I have been renting for the past 3 years and I can admit freely that it sucks 100% but that is just me. Others love it and have no problem. However if there is a question about employment then I just cannot promote purchasing a home.
I think that it is a tough spot you are in for the rental. Honestly if it were me I would consider short selling it or walking away and just take the hit on the credit. I know that will screw you for a few years but there are a whole lot of people in that boat. Also if you just put the pedal to the metal and save money like crazy, then perhaps your credit return will be coincident with a high rate environment where cash will be king. So maybe in 3 years you are riding high with 250k in cash and a return of acceptable credit.
Now the bitter part of me may say go ahead and buy now, then let the tempe home go into foreclosure. I know people who have done that… Yes you can do that. Also if your hubby lost his job you could depend on the govt or bank not to foreclose but that is a pretty big risk and one I would not take. So if you do go that route you should put as little cash down as you can.
Another possible route is to go to a bank and see if you can get a bridge loan… That is, if you don’t wanna see the 40k go out the door, you sell the Tempe condo, then get a loan to pay off the 40k. The loan would be unsecured and probably not be a great rate, but at least you would be morally culpable and not losing that extra 40k nut and keep your credit intact. Also that would be one less loan that my tax money doesn’t backstop but what the hell difference does one more make…
Anyways yes it is a tough tough choice. Getting a 400k home in RB is tough these days. Are you thinking Westwood? Prices have jumped there over the past 6 months. It may be best to sit tight, continue to rent, and let them come back to you in an undetermined amount of time.
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