questions to ask when buying a foreclosure

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Buying a Foreclosed Home: When buying a foreclosure, it is absolutely essential that you ask the seller if there are any liens on the property. If the property has any liens on it and ownership is transferred to you, then you are responsible for the liens.

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The purpose of the financing was to prevent foreclosure of properties owned by Manafort. These bankers often cited the “Confessional Rule”: “It’s better to ask forgiveness than permission.”.

Purchasing a foreclosure can be complicated, and would-be buyers who. Check comparable recent sales to get a good feel for the market.. Ask questions .

Questions You Need Ask About Managing Property While on Active Duty. Foreclosed Homes: 5 Tips for Buying | Bankrate.com – Buying a foreclosed home is a little different.. but also ask them about listings that may be coming up because sometimes it may take a day or two or even a week before a listing actually comes.

Cedulie Renee Laumann’s answer. If there is little or no equity in estate owned property and the lender is willing to accept a deed-in-lieu of foreclosure, then yes, a Personal Representative has authority to sign such a deed. Whether or not a deed in lieu can be done depends on the willingness of a lender.

Buying Foreclosures Questions To Ask A Short Sale Listing Agent. 2 years ago. Add Comment. by fritzie. 183 Views. There are many different scenarios of a short sale that a buyer and a seller must be aware of. It is always exciting to get in on a good deal that can save you thousands of dollars.

I am looking into a foreclosure property. Which questions should I ask the bank? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

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Legal Help & Legal Advice Questions & Answers on Legal Issues – Legal Help & Legal Advice – Law Forum Ask Legal Questions. 13 Essential Questions to Ask When Buying a Foreclosure – For some, this means buying a foreclosure. When a homeowner can’t make their mortgage payments, the bank will do their best to recover the money that was loaned.

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