All Forum Posts by: Carletta Grier

Good question @Account Closed

@Anna Smith - You should reach out to contact listed on Zillow to verify the property is still available.  Zillow post these properties based upon pre-foreclosure documents recorded at courthouse . The contact is sometimes the lawfirm that is handling the foreclosure. In General as long as the foreclosure sale has not occurred you can purchase the property directly from owner but it will be difficult if there is a pending sale date and you can settle quickly. Tennessee has a two year redemption period unless the deed of trust has language that waivers the right of redemption. Hope this helps. 

@Skip Rivera - Check out this from CA State Controller website, http://www.sco.ca.gov/ardtax_tcs_pubauction_bidder...

Hope this helps some. You may want to talk to a real estate attorney or title company and see if you will be able to obtain title insurance.  I only know how things work in Maryland and DC. 

@Terrill Clark - FHA loan is government backed loan and does not require 20% down. Getting a mortgage that requires 20% will help decrease you monthly payment and while typically be offered by most lenders if you have good credit. There may be programs in your state that offer grants to help with down payments. While you are preparing you need to have your credit checked, pull your own credit report and score so it's not counted against you. Make sure there are no errors or issues that could cause you a problem later especially since you have an expected time you want to purchase. Make sure you get an inspection with any home purchase. Get a good real estate agent (check with family and friends for reference). You want someone who is knowledgeable and return calls. As a buyer you don't pay the agent. If the agent has been doing this for a while they should have a reference for you regarding getting an inspection. You want an inspector who has an great attention to detail. Usually you pay for inspection and location or boundary survey prior to settlement and these costs will not be reimbursed. Your agent should also make sure if needed you can get out of your contract if your inspection reveals too many issues. Hope this helps.

You need to find the home. The title company can't begin on the process unless they have an address.

@Chinmay J. - I just found this website today and signed up. I do not currently work with an attorney and this is on purpose. I've wanted to work with investors for some time but working in an law office and working with investors created a conflict of interest. If seen too many unethical things happen and decided to wait until that would no longer create a conflict. I do have 3 attorneys that I trust their work and diligence with processing tax sale foreclosures that are always a phone all away. Send me a message on the best way and time to contact you.

@Chinmay J. - @Ned Carey is correct. I am a former paralegal who worked in the tax sale and foreclosure industry for 18 years. The redemption period is the same no matter what county in Maryland. You buy the lien wait the six months and a day to file your case. You can file a case no more than two years after purchase. Redemption can occur during this time. The interested parties (homeowner, mortgage co or lien holder) have the right to redeem the property all the way up until the tax sale foreclosure case has been completed (Judge signs order). In most cases as long as the Judge has not signed the order foreclosing on the right of redemption the property can be redeemed. Sometimes, if the person has a good lawyer, the judge will vacate the order for good cause if it has been within 30 days of the order being signed. After the 30 days it can only be vacated based upon certain Maryland court rules. By the way I assist real estate investors with due diligence needed to purchase tax sale, estate, pre-foreclosure and REO properties. Have fun investing