Recent content by Lee F

Yep. I'm not new to the game...just new to this particular situation.

I do have a real estate attorney involved but wanted a couple more opinions. I have had the title search done and there are no liens other than the first mortgage owned by the bank that is foreclosing and the subordinate mortgage that is HUD owned...for a substantial amount of money. In normal...

Thanks very much. It is a courthouse steps trustee sale so not a REO. I was concerned that there may be special circumstances being that the second is a government, HUD, loan. It appears that is a possiblity. There is substantial equity from the first mortgage that the bank owns but not if the...

I I am the buyer.

What is the name of your state? VA I am looking at a trustee sale foreclosure auction. The bank is foreclosing on a first lien that is part of a FHA home affordable modification agreement with HUD having a subordinate mortgage for the smaller modification amount. What happens to the HUD...