Florida Foreclosures Knowledge Base
How do i buy foreclosures in south florida? could anybody advise me on How do i buy home foreclosures in south florida main is the broward county area . i am working wih over 100K and looking to buy in the south florida area
south florida Foreclosures how do i find them and buy them? are you having problems selling your home in the south Florida broward county area if anyone is looking to sell a home or condo/townhouse in the south Florida area i am very interested in taking a look. i am looking for a good deal basically if you are in or about to go to Foreclosure i want to hear from you . i am not a major investor i am a buyer looking to buy a nice home to raise my family in . thank you and good luck
Good website to find beach front foreclosures in Florida? I'm looking for a foreclosed home/condo in Florida that's on the beach. So before paying for a list of foreclosed properties, I want to know which website is most reputable and which has the most beach front properties (it seems the majority of them are not on the beach) Thanks!
any advive on florida foreclosures? any bank websites in florida or north carolina that list property foreclosures? I don't have lots of money to work with as i was disabled in an auto accident and i thought foreclosure property would give me more for the money
buying foreclosures property in Florida? hi i live in the uk can anyone tell me is it easy to buy foreclosures property in florida or would take me a long time like travel back each month to sort paper work out .
Question about Florida foreclosures? We are interested in a home in Florida that has been foreclosed on and is now bank owned. It was listed before as in foreclosure then was taken off the market for a while, but is now back on the market as being owned by the bank. Considering that the market has not been doing well in Florida and no one has purchased the house so far (it's a fixer upper with five acres close to a bay and maybe 45 minutes from the beach), is there a chance the house may still be there in August when we will start putting in bids on houses? The first two sentences are redundant.. Sorry!
Is there a loophole for the new florida foreclosure law? I work as a loan modification specialist and my firm is a reputable company. We have a A+ rating with the Better Business Bureau and we really help our clients save their homes. Recently a statute passed that prevented companies from collecting upfront money from any home owner in florida that is in foreclosure for services related to saving their home. Of course no one works for free. Is there a way my company can get around this and collect our initial fee?
Free South Florida Foreclosure Listing Website Please? Anyone knows a foreclosure site offering free South Florida foreclosures? I need a foreclosed property in Miami, Miami Beach, Fort Lauderdale area. I do not need a paid site. The site should have fresh listings.Thanks
After Foreclosure in Florida,What can the deficiency judgement take? If you get defiency judgement in Florida for an investment property , can they take your personal assets like savings and a car that is already paid off? Also can they take money from your paycheck everytime you get paid? Also what happens to your other accounts like credit cards and if you have a primary residence can they take that? Basically, if after foreclosure on my investment property I continue paying all my other bills on time such as my credit cards , my other mortgage then can I rebuild my credit in 2 years.
In Florida, what is the law re: rental foreclosures? The bank is auctioning my home Nov. 15th. Can the new owners bring the sherriff and/or change the locks right away? I have an expired lease. EverBank holds title now but will not respond to any of my inquiries, I guess because they're selling it regardless. But, a rep there did tell us if the new owners didn't want us to rent, they would have to evict us. I want to stay and CAN afford the rent, that's the whole point, its affordable here. I'm alone. Thanks, Nervous in Tampa
Who pays the transfer stamp taxes on a foreclosure sale in Florida? I am purchasing a REO (foreclosure) in south Florida. The contract does not specify who will pay the transfer stamp taxes. I got a notice from the title company that the selling bank is expecting me to pay the transfer stamp taxes. My question is who would typically pay these taxes in this situation, the buyer or the selling bank? Or is this something that is negotiated on a case-by-case basis?
Does Florida foreclosure mean they can take my house in Ohio??? I have a house in Florida with 2 mortgages on it. I can't make the payments anymore and can't sell it for the amount of the mortgages. The only road left open is to go into foreclosure. I also own a house in Ohio with no mortgage. I am leaving Florida & moving to Ohio. How or will this foreclosure effect my house in Ohio? Is the foreclosure going to effect my job hunting in Ohio??
foreclosures in south florida? Does anyone have some great websites or know of anyone that can put me in the right direction for buying a forclosured condo in East Miami or Aventura? Thanks so much!
Housing Foreclosures In florida? Just to know some information about other people foreclosing or people that have foreclosed. I did Chapter 13 Foreclosure about 7 months ago to try and get out of debt, and readjust my mortgage but my house has lost so much value and has no equity that we're getting no where, so we've decided this month to file Chapter 7 and just foreclose our house. We've lived here for 4 yrs, bought our house right before the market crashed, <darn> and now our house is worth $100,000 less then when we bought it, and our neighborhood is going down hill. I'm with Bank of America mortgage, and just curious how long it took before anyone else's foreclosure was finalized? I've read it could take 6months-a year, my attorney said it will most likely take a year because there are so many foreclosures being processed the banks are very behind. Anyone have any feedback to give me on their foreclosure and how long it took for it to be compelete?
how long does it take to foreclosure a home in florida with a private lender? i have a loan with a private lender unfurtanely he lives close by to my house and he drives by my home and walks inside the yard just to look around i just recently stop making my payments due to financial problems and i think he is gonna proceed foreclosure he also knocks on my door and my neighboors witness him going around the property. does he have the right to do so? how long is the courts are taking to finalized foreclosures ?
How long does it typically take for a sale date to happen after foreclosure in Florida? I'm currently in chapter 13 bankruptcy. I've fallen behind in my payments to the plan and the mortgage company has filed a motion to dismiss with the court. I desperetly want to keep the house and I definitely can bring the payments current, but I just needed a little more time. Is the sale date typically set for 180 days from the judgement or does it varies? Also, will I be allowed to bring the payments current during that time? Thank you in advance.
How long does a foreclosure take in Florida? I am renting a house from people that have not paid their mortgage since September. I check the court records and no papers have been filed by the mortgage company. Today, a courier stopped by and delivered a note just asking us to call the mortgage company. I called and they would not give me any information because of privacy laws. I think I made a mistake in calling them, and now I'm a little nervous. Does anyone have any knowledge of long it can take to foreclose after the papers actually get filed?
Should I sign a foreclosure deficiency agreement in Florida? I'm trying to do a short sale on my primary home in Florida. The value has fallen by over 50% and I'm 12 months behind on payments. The 1st lender is ok with the short sale, but the second lender won't receive anything and is requesting that I sign an agreement for a deficiency notice. They also gave me the option of signing something assuming the tax liability for their loss. Should I sign either of these, or is it better to let the property foreclose? If I do sign one, what is the consequence and possible recourse? Thanks, for your help!
In the state of Florida is it customary to include tenants as defendants in a foreclosure final judgement? We are not owners and have no interest in the property. We were renting from a family member. All documents regarding the foreclosure were in the family member's name only and when the final judgement was delcared our name was included as defendants. This is now public record and can be picked up by the credit agencies and would affect our credit. What can be done? Sent a letter to the attorney who is handling the case to have the information amended by certified mail, return receipt requested. It was signed for on 8/1/06 and to date we haven't received a response, even included phone number on letter. Is there anything we can do? I am going to contact ACAP on Monday to see if they can assist, and if not we will file a complaint with the Florida Bar Association. Any information will help. Thanks.
Lis Pending in Florida Foreclosure? Hello, Does anybody know the process of Lis Pending in the state of Florida? How long does the foreclosure take and can the person being foreclosed on still stay in the property until the final outcome of the foreclosure and if so, if they catch up on their late payments are they still allowed to keep the property and the lis pending be stopped? Thanks!
In Florida, after a foreclosure, when does the owner lose rights to the house? Specifically as a landlord? The house we're renting is in foreclosure, the final judgment was a couple weeks ago. My question is, at this point who is responsible for the house repairs and/or collecting rent? The house we're renting is in foreclosure, the final judgment was a couple weeks ago. My question is, at this point who is responsible for the house repairs and/or collecting rent? Between the point of final judgment and auction. Foreclosure papers --> Final Judgment --> XXXXXX -> Auction
My cousin, who lives in Florida told me that it is a homestead state.? She informed me that the banks could not take her house because of the homestead laws. Yet recently I saw statistics of foreclosures in Florida. And they were in the double digit range. Would someone clarify what the advantage of being in a homestead state is since my understanding seams to be erroneous.
How is Florida real estate getting better? Florida is one of the states most affected by the mortgage crisis. The most accessible loans available in this market are FHA loans. After qualifying for an FHA loan I initially thought the difficult part of being a first time home buyer was behind me. However, it would seem that the journey has just begun. Most communities do not meet the requirements for FHA approval. The most common reason is the high foreclosure rate. The community of interest must also be current on HOA fees, there must be a certain percentage of home owners to investors and other such conditions must be met for an FHA approval. With all these regulations and restrictions associated with an FHA loan it is not difficult to imagine that even this type of loan may become obsolete. The dilemma now is not whether you will exceed your budget but whether the available homes within your budget will qualify for the loan type. With all fairness I am obligated to mention that conventional loans or cash sales do contribute to recent sales. The requirements for a conventional loan in Florida are not realistic. Where some borrowers may be able to contribute 10% down payment the newly required 25% down payment to say the least is a stretch on nearly anyone's budget not to mention the budget of a typical first time home buyer. Investor are buying at extremely low prices with cash and conventional loans. FHA loans cannot compete with these investors due to all of the restrictions and rules that they must adhere to. The increasing of number purchases by investors in a neighborhood/community further limits opportunities available to FHA first time home buyers. As a result investors and not "home owners" are benefiting from the low market rates. I have concluded from my observations that the so called homes sales increase doesn't fully disclose the underlying problem. The true rate of available homes and foreclosures properties are not represented in the market. Banks are slowly trickling inventory into the market while the excess or "ghost inventory" remains hidden in their vaults in an effort to manipulate market values. I have also noticed another disturbing trend. Yes, single family homes, townhouses and condos are at an all time low. However, where FHA approval is not available home prices are much lower than market values. One would initially think this is in their best interest but these homes are primarily only available to investors due to requirements and restrictions placed on FHA loans. Where homes are FHA approved this results in homes being listed and maintaining the inflated prices. The limited homes available especially ones built in 2005 and 2006 are in high demand. As a result a new type of bidding war is ensues. Potential home owners of low to moderate income cannot compete with investors of whom recent sales can be attribute to. I expect home prices will continue to fall. Do you predict a change in the way the real estate market and lenders addresses these new issues and it's direct connection to lower home prices? Do you think the government will relax some of the FHA regulation to combat these issues? (which in itself has pros and cons associated with the outcome for home buyers). Finally do your foresee a new program/stimulus that will assist first time home buyers in the near future once this $8,000 tax credit expires? I live in Pompano beach area. I thinking of buying in palm beach county. That market is over saturated with town homes and condos.... Over saturation can be a good or bad thing.
How do i 'answer' a foreclosure lien summons in florida? i was served with a summons for foreclosure lien from my condo association yesterday. it says i have 20 days to 'answer'. what does this mean? how do i go about answering? do i have to go to court or can i call the lawyer or association ans settle or make a payment plan?
I live in Florida and the bank just filed for foreclosure. How long do I have to vacate my home? I received the papers 2 weeks ago that our bank is foreclosing on our home. I have not received any additional information, but we are not fighting the foreclosure. The truth is we can not afford our home due to my husband's job loss. How long do we have before we are evicted, and what is the notification process for this eviction? Can they just show up unannounced and throw us out? I am clueless. Thank you.
Florida Real Estate Lease Laws on Foreclosure? We are renters in Florida and we heard that our condo (leased through a private party) may be foreclosed. We don't have a clause in our lease on this issue. I've heard rumors of renters just being kicked out because of foreclosure and I've had legal advice saying the bank has to let you fullfill your lease by law until the end. Does anyone know the laws on this? We can't break our lease without having the pay the rest of our months rent but I don't want to get taken down with them. Thanks
Question regarding foreclosure in Florida? I have a friend that bought a house, to flip, from the owner. It is owner financed. The balloon payment is overdue, as it was to be paid by now. The owner gave my friend 24 months to pay it but she was intending to pay it with proceeds from the sale. The property hasn't sold yet and may not for quite a while due to high inventory in the area. The property taxes have also not been paid (again, she was going to pay taxes at the sale) so there is $15K due on taxes. My friend has been making the monthly mortgage payments by the first of the month, but cannot come up with the final payment until the house sells. The previous owner/financer has decided to foreclose on the property. Will my friend have to pay the property taxes or will this all be a part of the package that the owner gets back in the foreclosure? Also, other than take the house back...what else can be taken from my friend?
Florida foreclosure process question? Florida foreclosure process question? Help me out please. It starts with your behind on your mortgage (you are unemployed and can’t pay), 3 mos. later your served a complaint from the bank, you respond and try and work with them and tell them your situation and they don’t budge so you file your response with the court stating this in addition to filing bankruptcy, the bank than sends a Motion for Summary Judgment which includes a request for a final judgement. What comes next? Do the property owners get a chance to speak at a hearing? Landlord: ....for a top contributor you should know what I meant unless you got that title for all of your half a** answers. Yes, speak to what we put in our response. There summary judgment and request for final judgment makes no reference to our response or the bank trying to work with us. I already rec'd a worth answer anyway, that can't schedule a hearing without including us. I don't care. You know it is what it is. I am one of MANY Americans suffering. Ya my credit is screwed, but I can't help what's happened; we can't pay plain and simple. So the relief package that Bush passed really means "squat" to me. I would think the banks would rush to work with people but I guess not. I cut my losses and rent; there's plenty of nice vacant homes on the market to rent half the cost of my mortgage...life goes on
Florida foreclosure auction? I am interested in buying a condo in Florida at auction. A similar unit in the same builing sold on the courthouse steps for 205,000. Yet, this unit had close to 600,000 in mortgages against it. If I had bought this unit, would I have been responsible for ANY of this shortage?? Would the banks just 'write off' the remainder as 'bad debt'??
There are a large number of foreclosures in our area, SE Florida. How much will they reduce home values.? Some people paid $325,000 for homes in Coral Spings, FL during 2004-2005. Many homes are now bank owned for sale at $179,000 to 229,000 depending on condition, often poor to fair. Due to risky loan practices during the boom times the number of these distressed sales may increase. If I buy a home now for $200,000 how long will it take to increase in value to say $260,000? Some nice homes in the area are being offered by home owners in the $245,000 to $310,000 but there seems that few buyers are interested. I plan to live in it for 5 years before selling and retiring in a cheaper area.
Does anyone have an example of response to summons (for foreclosure lawsuit in Florida)! I recently received a summons for a lawsuit by Countrywide for a condo in Florida. I had this as rental property and tried to get a Deed-in-Lieu from Countrywide, but they denied me after 6 months of 'processing' and filed a lawsuit instead. I have 20 days to respond to the summons. I don't want to keep the property, but I don't want to be stuck with the 200k mortgage or the $100k potential deficiency. Should I respond to the summons? If so, does anyone have an example of one? Thanks!
Florida Foreclosure? I just receievd a document from a police officer. The document is the notice of foreclosure. How long do I have until my roommates and I have to be out of the house. I own the house and due to unforseen circumstances, must foreclose on the property.
Bankruptcies are up 75% this year from last year in Florida? (from foreclosures, taxes, insurance, cuts by the state). Will you be filing for bankruptcy, and why? (credit cards too high, Christmas to expensive, hospital bills high, your business going under, etc.?) Tell us why Rick thisaint, I heard the construction industry will come back in 18-24 months. Hope your friends can hang on and be resourceful.
How do you write a Florida Foreclosure written response to the court before the 20-day deadline? What would be a good way to respond to the court after being served a Notice of Lis Pendens? The homeowners are talking with the bank to work something out. I found the following letter online: "Now comes Defendant, _____________________, and asks this court for an additional 60 days, in which to file his answer to Plaintiff’s complaint. This extension of time is being requested so that Defendant can have time to obtain the closing documents from the Plaintiff, find an attorney, or attempt to work out a resolution to this case with the lender and stay in his home." The homewoners are hoping they can use this letter. Also, they don't plan on hiring an attorney. We appreciate any other suggestions? Thanks Can I use this letter as an answer, I would follow the steps, like mailing it certified and taking it to the court and all.
In a Florida Foreclosure & Deficiency Judgement - can they take your 2nd property, your business, car, etc? My friend owns 2 houses and a small restaurant business (which is incorporated- just in case that makes a difference). She's facing foreclosure on the house she currently lives in after only two years because of her increasing loan rate and the business has slowed down, but she continues to make payments for her other house. After foreclosure of her current home, she plans to move into the other house, which is NOT connected in any way to the house that is being foreclosed. After foreclosure, can the bank get a deficiency judgment and come after her business and her other home? She doesn't make a lot of money, nor does she have an account with a lot of money sitting around. Thanks for any information.
Kids getting Sued Over Dead Mothers Home in Florida? Here are some facts. With out being in Florida we are having trouble getting answers (or understanding the 50 pages that were served). 1. Mother was in Florida and owns a home that was in foreclosure. 2. There is something about a Homestead Property Act in Florida 3. Mom died and the 4 kids are being served all over the states for the balance. 4. The bank is trying to take the kids assets 5. The loan is not the original one, this is from back in 1984 6. Now that mom is dead what do the kids do? Not sure they can all make it to Florida How can they clear the debt with out being sued? Why are they being sued? Thanks for all your help
Judicial and Non Judicial Foreclosures>? Does anyone shed some light on these two tyoes of Foreclosures. In Florida teh security instrument recoreded to secure the lender is called a Mortgage. In CA its called a TRUST DEED. where the Lender can Foreclose withoput follwing the typical procedure
Assessment value for true market value, Florida home? How do I find out true market value of a Florida home (foreclosure home...I am not sure what stage) based on it's assessment at $143,000? It's listed in foreclosure.com under the estimate: $439,053. I am interested in this property and was curious as I suspected since it is going through foreclosure, it may have other delinquencies, or possibly penalties, tacked onto the estimate. Also, is there a standard/nationwide formula/ratio to figure out true market value based on assessment? Thank you for your assistance.
Florida Foreclosure? OK... this may be complicated. My wife owned a home before we got married. I lived in that home with here before I moved due to the military. Now we are both living in a home in another state (Colorado) and the home is in my name. We have been unable to sell the home and are now well behind on the payments. It has been for sell 7 months and not sold and i can no longer keep up paying for that and the house here. There is no way the house will sell for what she owes. What all can they go after? Can they try to get the money from me, will we be able to just do a 1099? Will they try to come posess our furniture? I will chuck norris roundhouse kick them if they try to come into my house. I am a military cop and i live on a military base...I will give them tickets have them arrested...ha...make sure they have a hard as hell time getting the stuff.
Am I liable for a foreclosure on property that my husband bought prior to our marriage? We live in Florida.? My husband bought a house prior to our marriage. I am not on the deed to that house. If he has to foreclose on the property, will it affect my credit? In other words, can creditors come after me if he has to foreclose? We live in Florida and the house was bought in Florida. We currently live in the house. Again, my name is NOT on the deed. I had nothing to do with the purchase of the home. If you can send me the links with the info that would be very helpful.
Foreclosure Process in Florida, I need help!!!? I live in Lake county Florida in the city of Leesburg. I believe my home is in pre-foreclosure. I need to know how long I have to get out or what the process is. I have already talked to the bank and I am not able to pay for it any longer my mortage went up $300 more a month. Does any one know the process? If it helps my mortage is thru US Bank. I am sorry Ii forgot to mention, my home has been on the market for the past yr I have it for sale now a SHORT SALE as a matter of fact and it is 9K less than I owe, I had a family look at it on Feburary 27th but I haven't heard anything yet. The house belongs to my boyfriends father and he doesn't care fot it any longer he plans to move back to Mexico here in the next month. I live in the home with 2 kids and due for my 3rd in 1 month so I can not afford the mortage.
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