Community Question: Non-Profit Purchases
Question John asks this question. There is a foreclosed property that appears to have been foreclosed on November 16th. What will happen with such a property? We are a non-profit organization working to save this neighborhood and would like to have an opportunity to buy it. How should we proceed? This is a general question, […]
Buying a Fannie Mae Homepath Property
Fannie Mae foreclosures are known as Homepath properties. Homepath foreclosures allows buyers to buy foreclosed homes with special financing and other benefits. Homepath listings are represented by local real estate agents and listed on the local real estate MLS system. Homepath homes are popular and a buyer should be prepared for multiple offers in a good market. Learn about the details of Homepath properties.
TCF Bank Foreclosure Listings
TCF Bank was a bank corporation that was originally headquartered in Minneapolis. TCF Bank had branches across the midwest. Formerly managing their foreclosure properties from the offices in Minneapolis, Minnesota and Livonia, Michigan, TCF Bank had staff who worked with local real estate agents and property managers. In 2020, TCF Bank merged with Huntington Bank. […]
Huntington Bank Foreclosures
Huntington Bank is a large regional bank based in Columbus, Ohio. They have a large mortgage origination operation through offering mortgages to their customers and servicing these loans. The bank has undergone a tremendous amount of growth through mergers and acquisitions. They are in the top five banks in most states where they have a […]
Community Question: Listing Homes for Banks
Mike, Benard and Marteina are real estate agents and have submitted questions about listing homes for banks. Each questioned suggested a certain local area or bank that the real estate agent would like to work with to list properties. We’ll address these questions in this post about how real estate agents go about listing homes […]
Community Question: Banks selling directly
Deysi has a question for The Bank Foreclosure Guide. Deysi asks “do banks sell homes directly when someone fails to make their payments?” Below we will attempt to answer this popular question. Banks generally do not sell their foreclosures directly. As a buyer, you have to purchase in the manner the bank seller has directed. […]
US Bank Foreclosure Listings
US Bank is a large originator and servicer of mortgages. US Bank originally started in Cincinnati as First National Bank of Cincinnati in 1863. Throughout their long history, US Bank has grown to be the fifth largest bank in the United States. US Bank foreclosure listings become available when customers stop paying their mortgages. When […]
Community Question: Renting Foreclosures
Readers of The Bank Foreclosure Guide website are welcome to submit questions to be answered on the site. Victoria asks: “is it possible to rent a bank owned foreclosure property?” Renting foreclosures is not typical. Generally, when a bank takes ownership of a home through foreclosure they are going to sell it to clear it […]