After submitting an offer on a REO house, I couldn’t sleep of worry that the bank might not accept my offer?

Question by David: After submitting an offer on a REO house, I couldn’t sleep of worry that the bank might not accept my offer? But after hearing the news from my realtor that the bank accepted my offer, I am having cold feet. Why is this happening? Best answer: Answer by capwest5aIt’s because you have [...]

Rental going into foreclosure – will they come after my wages or will I be taxed?

Question by coral: Rental going into foreclosure – will they come after my wages or will I be taxed? We have a rental property that we can no longer afford payments. If it goes into foreclosure, will they come after our wages or make us do a 1099? We do not want to do a [...]

How long should I carry homeowners insurance after foreclosure starts?

Question by Help: How long should I carry homeowners insurance after foreclosure starts? Foreclosure has started, getting ready to move now, how long am I liable for the home? Best answer: Answer by StacyUntil some other entity assumes ownership. Know better? Leave your own answer in the comments!

Real estate, does banks sell the reo property for what was owed on it or what its worth after appraisel?

Question by Aintitthetruth: Real estate, does banks sell the reo property for what was owed on it or what its worth after appraisel? i dont understand why I see houses that are worth 100 000 or so selling for 10 000 or less. It makes no sense. Best answer: Answer by SmicklesNeither…. just as much [...]

What is the best way to restore your credit after a foreclosure or bankruptcy?

Question by justlilolme: What is the best way to restore your credit after a foreclosure or bankruptcy? My fiancee had a home in another state that ended up in foreclosure. Now his credit score has suffered. What is the best and fastest way to try to reestablish his credit? Before the foreclosure his credit score [...]

What exactly happened to REO Speedwagon after “You Can’t Tuna Fish But You Can A Piano?”?

Question by : What exactly happened to REO Speedwagon after “You Can’t Tuna Fish But You Can A Piano?”? It helps if you were there to remember. Being as I partied so much, other rock bands I can’t remember changed, using more metronomic beats and rhythms with a lot more “soundboarding.” and digital enhancement. I [...]

What happens to the mortgage after the foreclosure?

Question by wee: What happens to the mortgage after the foreclosure? If proceeds from the foreclosure sale is insufficient would I still owe the difference and have to pay it back? Best answer: Answer by chatsplasIF you have only one mortgage, and it is Without Recourse, then no, they cannot chase you for the balance [...]

why would a reo home be withdrawn from the market after only a week?

Question by Sally: why would a reo home be withdrawn from the market after only a week? it was only listed a week ago and was then withdrawn, the realtor said they will let me know when they are going to relist it, any suggestions as to why it was taken off? Best answer: Answer [...]

@armstrongd REO Speedwagon and Pat Benatar after the race…score!

@armstrongd REO Speedwagon and Pat Benatar after the race…score! – by ashleytoashes (Ashley Armstrong)

How long after we make an offer on a REO house should we have to wait for an answer?

Question by xxkittenluvxx143: How long after we make an offer on a REO house should we have to wait for an answer? The offers were submitted by the broker to the bank at 9:30 am today. Best answer: Answer by jwishzMy son made an offer 3 weeks ago, just heard back today. Not uncommon, unfortunately [...]

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