Comments on: Courthouse Step Foreclosures. Deal Or No Deal? http://blog.franklyrealty.com/2009/04/courthouse-step-foreclosures.html Fri, 27 Jan 2012 18:42:01 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Kurt http://blog.franklyrealty.com/2009/04/courthouse-step-foreclosures.html/comment-page-1#comment-4631 Kurt Thu, 20 Jan 2011 21:50:31 +0000 http://franktempblog.wordpress.com/2009/04/28/courthouse-step-foreclosures-deal-or-no-deal/#comment-4631 I had the same experience at the courthouse steps. The homes, soon to be bank owned property, went to the bank at what seemed like the loan ammount of the first trust. I had the same experience at the courthouse steps. The homes, soon to be bank owned property, went to the bank at what seemed like the loan ammount of the first trust.

]]> By: FranklyRealty.com http://blog.franklyrealty.com/2009/04/courthouse-step-foreclosures.html/comment-page-1#comment-4534 FranklyRealty.com Fri, 07 May 2010 15:40:53 +0000 http://franktempblog.wordpress.com/2009/04/28/courthouse-step-foreclosures-deal-or-no-deal/#comment-4534 Sorry, it is just industry slang. If a property has already been foreclosed on and taken over by a bank, it is a REO or Real Estate Owned. Why isnt it called BO? I dunno. I guess Foreclosure sounds sexier. Sorry, it is just industry slang. If a property has already been foreclosed on and taken over by a bank, it is a REO or Real Estate Owned. Why isnt it called BO? I dunno. I guess Foreclosure sounds sexier.

]]> By: Kathleen Wallace http://blog.franklyrealty.com/2009/04/courthouse-step-foreclosures.html/comment-page-1#comment-4533 Kathleen Wallace Thu, 06 May 2010 20:53:34 +0000 http://franktempblog.wordpress.com/2009/04/28/courthouse-step-foreclosures-deal-or-no-deal/#comment-4533 Than why do the banks call it a foreclosure? Each party acquires it the same way. Than why do the banks call it a foreclosure? Each party acquires it the same way.

]]> By: FranklyRealty.com http://blog.franklyrealty.com/2009/04/courthouse-step-foreclosures.html/comment-page-1#comment-4532 FranklyRealty.com Thu, 06 May 2010 18:00:15 +0000 http://franktempblog.wordpress.com/2009/04/28/courthouse-step-foreclosures-deal-or-no-deal/#comment-4532 It is oftentimes incorrectly referred to as a foreclosure. But technically it was already foreclosed upon and is no longer a "foreclosure" It is oftentimes incorrectly referred to as a foreclosure. But technically it was already foreclosed upon and is no longer a “foreclosure”

]]> By: Kathleen Wallace http://blog.franklyrealty.com/2009/04/courthouse-step-foreclosures.html/comment-page-1#comment-4531 Kathleen Wallace Thu, 06 May 2010 16:45:33 +0000 http://franktempblog.wordpress.com/2009/04/28/courthouse-step-foreclosures-deal-or-no-deal/#comment-4531 If an investor outbids the bank at the courthouse steps and investor put on the market to sell, Is the property considered a foreclosure? If an investor outbids the bank at the courthouse steps and investor put on the market to sell, Is the property considered a foreclosure?

]]> By: REdealSEEKER http://blog.franklyrealty.com/2009/04/courthouse-step-foreclosures.html/comment-page-1#comment-4251 REdealSEEKER Sun, 06 Dec 2009 17:36:22 +0000 http://franktempblog.wordpress.com/2009/04/28/courthouse-step-foreclosures-deal-or-no-deal/#comment-4251 Hi Frank, I know you wrote this back in April, but wanted to follow up on this subject. From this (Dec 09) weekend's Northern Virginia Housing Bubble Fallout Blog, here is someone's comment on the recent courthouse foreclosure auction scene: Yes, the word is definitely that the deals are back to the Courthouse. That usually means cash, no inspection and close in 15 to 30 days. There are Lenders, but you need 30% down and can only get a 5 yr note (my experience anyway). I don't think Frankly shows non-mls transactions, but I could be wrong. These transaction can be found on county web sites. by searching various neighborhoods. Your thoughts? Hi Frank,
I know you wrote this back in April, but wanted to follow up on this subject. From this (Dec 09) weekend’s Northern Virginia Housing Bubble Fallout Blog, here is someone’s comment on the recent courthouse foreclosure auction scene:

Yes, the word is definitely that the deals are back to the Courthouse. That usually means cash, no inspection and close in 15 to 30 days. There are Lenders, but you need 30% down and can only get a 5 yr note (my experience anyway). I don’t think Frankly shows non-mls transactions, but I could be wrong. These transaction can be found on county web sites. by searching various neighborhoods.

Your thoughts?

]]> By: FranklyRealty.com http://blog.franklyrealty.com/2009/04/courthouse-step-foreclosures.html/comment-page-1#comment-4131 FranklyRealty.com Fri, 02 Oct 2009 02:02:56 +0000 http://franktempblog.wordpress.com/2009/04/28/courthouse-step-foreclosures-deal-or-no-deal/#comment-4131 Who knows, maybe an investor will get it on the courthouse steps. But it can take at least 2 months to get back on the market. But some banks are just sitting on them vacant for several months. Who knows, maybe an investor will get it on the courthouse steps. But it can take at least 2 months to get back on the market. But some banks are just sitting on them vacant for several months.

]]> By: CW http://blog.franklyrealty.com/2009/04/courthouse-step-foreclosures.html/comment-page-1#comment-4130 CW Thu, 01 Oct 2009 15:45:43 +0000 http://franktempblog.wordpress.com/2009/04/28/courthouse-step-foreclosures-deal-or-no-deal/#comment-4130 How long does it typically take once the bank buys back the home before they list it for sale as a foreclosed home? I'm guessing this varies by each bank? I've been watching a house with a mortgage that's almost twice what it's worth today so I'm guessing that the bank will just buy it back (whenever it can get to the courthouse since the sale has been postponed before). The house is pretty trashed, so I'm very interested in following the house to see how low the bank will go to unload it once they put it on the market. Thanks! How long does it typically take once the bank buys back the home before they list it for sale as a foreclosed home? I’m guessing this varies by each bank? I’ve been watching a house with a mortgage that’s almost twice what it’s worth today so I’m guessing that the bank will just buy it back (whenever it can get to the courthouse since the sale has been postponed before). The house is pretty trashed, so I’m very interested in following the house to see how low the bank will go to unload it once they put it on the market. Thanks!

]]> By: FranklyRealty.com http://blog.franklyrealty.com/2009/04/courthouse-step-foreclosures.html/comment-page-1#comment-3514 FranklyRealty.com Fri, 05 Jun 2009 03:23:35 +0000 http://franktempblog.wordpress.com/2009/04/28/courthouse-step-foreclosures-deal-or-no-deal/#comment-3514 Brilliant question. I think that site is a bogus bait and switch. Every single agent that I have spoken to about that site says the same thing. I don't know one person that has found a home through it. They bring you in with over a year old data and then try and sell you a realtor to help you with a regular resale home on the MLS. Save your money. Much better is foreclosure.com or ask your Realtor to look at our new back end foreclosure data that we have access to. Brilliant question.
I think that site is a bogus bait and switch. Every single agent that I have spoken to about that site says the same thing. I don’t know one person that has found a home through it. They bring you in with over a year old data and then try and sell you a realtor to help you with a regular resale home on the MLS.
Save your money. Much better is foreclosure.com or ask your Realtor to look at our new back end foreclosure data that we have access to.

]]> By: jack archer http://blog.franklyrealty.com/2009/04/courthouse-step-foreclosures.html/comment-page-1#comment-3512 jack archer Fri, 05 Jun 2009 01:30:40 +0000 http://franktempblog.wordpress.com/2009/04/28/courthouse-step-foreclosures-deal-or-no-deal/#comment-3512 What is the deal with realtytrak.com -- they show a ton of foreclosed homes in the area -- what gives? I don't see them listed on mls websites. Are they real? Are the banks holding these houses for some reason? There are a ton of them?????? What is the deal with realtytrak.com — they show a ton of foreclosed homes in the area — what gives? I don’t see them listed on mls websites. Are they real? Are the banks holding these houses for some reason? There are a ton of them??????

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