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Recent Foreclosed Property questions

I am the winning bidder at an auction site for an REO

I am the winning bidder at an auction site for an REO property in NJ. The foreclosed property is occupied. The bank is selling it as is. I would be responsible for evicting the tenants. How much would a lawyer charge for that process?

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

50,074 satisfied customers
Is a trust responsible for taxes on a cancellation of debt

Is a trust responsible for taxes on a cancellation of debt on a foreclosed property after the owner is deceased? Or just the persons estate?

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Ely

Counselor at Law

Juris Doctor

66,974 satisfied customers
I want to buy a foreclosure in california? How do I buy a

I want to buy a foreclosure in california? How do I buy a home, I got all cash, and have looked on foreclosure.com and zillow.com for homes, and picked a few. The house is located in sutter county. I don't even know where to start, and I know local real estate agents hide offers all the time so their client can get a house, etc. Any way I can work directly with the bank? Need an expert who has worked on foreclosures on this. Thanks!

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Lucy, Esq.

Juris Doctor

31,926 satisfied customers
Deceased father sold right of way eastment of 15 feet to

Deceased father sold right of way eastment of 15 feet to sister to refinance, (bank required, for no road exist). Father sold an acre to daughter, who got foreclosed by bank, said property sold by bank. New owner now stating he is entitle to the same and demanding we sign a quick deed by letter typed up by an attorney.

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Ely

Counselor at Law

Juris Doctor

66,974 satisfied customers
I have retained an Attorney in Texas to foreclose on

I have retained an Attorney in Texas to foreclose on property that I am a note holder. I'm residing in Las Vegas, however I make frequient visits to Texas.He is asking me, after serving the first notice, to add himself as a "Substitute Trustee" to both properties I'm asking him to forclose on. He is refusing to give me an explation as to why this is necessary other than it will facilitate the Foreclosure.My question is this absolutely necessary? Why would he really want to be named an Substitute Trustee? I want to resele the properties in question and have never asked him to sell the foreclosed property. I suspect that he may be holding me hostage to filing the second notice until I sign and notorize the Trustee affidavits. I have prepaid him $2000.00 as a retainer.Can you advise.

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ScottyMacESQ

Doctoral Degree

23,738 satisfied customers
I've been thinking about this private sale offer I'm about

I've been thinking about this private sale offer I'm about to make on a property in Montgomery County, PA...but the deal seems too good to be true if their is no mortgage payoff by me to the bank. Before I place my offer as I'm prepared to buy for past owed taxes and city/county liens...who can I contact to make sure the bank isn't asking for any money from me? ...I don't feel that the county person knows this answer before I place offer. Can I ask title company to find this out? Is there fee I can pay you to find this out?

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

50,074 satisfied customers
I am starting the 4th month of a 2yr lease in a New York

I am starting the 4th month of a 2yr lease in a New York City apartment I leased with a private owner through a broker. I agreed to pay the first 3 months and the last 3 months of rent in advance. September 1 is the start of the 4th month but I have been unable to contact the owner through email or through the real estate broker regarding where to send the rent check. I am concerned that the owner may be in default and wonder#1 what is my status as a tenant if the mortgage lender takes back the property?#2 To whom if anyone should I be sending a rent check (no address is specified in the rental agreement)?#3 At what point would I be at risk for paying a $500 monthy late fee?#4 what will be the status of the final last 3 months of rent I paid in advance if the lender does indeed reposess the property?

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Legalease

Attorney At Law

Doctor of Law w/ highest honors

15,298 satisfied customers
I received a summons in the mail for a foreclosed property.

I received a summons in the mail for a foreclosed property. I was never an owner of the property. It belonged to my ex husband, who has owner the house since 2004. We were divorced in 2006. His signature is the only one on the documents attached to the summons. I do not know why they are coming after me.

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Irwin Law

Juris Doctor JD

9,294 satisfied customers
Can you tell me if a house I bought in foreclosure and buyer

Can you tell me if a house I bought in foreclosure and buyer knew that the house had have water damage / moisture issues do that have to disclose that fact when they sell the house

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Ely

Counselor at Law

Juris Doctor

66,974 satisfied customers
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