Does Florida allow deficiency judgments?
Deficiency Judgments Are Allowed in Florida In Florida, the bank may obtain a deficiency judgment as part of the foreclosure action if the borrower was personally served with the foreclosure complaint.
Is NY A redemption state?
Some states have a law that permits foreclosed homeowners to repurchase their home after the foreclosure sale, during what’s called the “redemption period;” however, New York isn’t one of them. You can redeem the property before the foreclosure sale by paying the loan balance in full.
How long does foreclosure take in NY State?
about 445 days
What happens after foreclosure in NY?
Generally, a bank may seek a deficiency judgment against a homeowner after a New York foreclosure. If your home in New York sells at a foreclosure sale for less than you owe on your mortgage loan, you might be on the hook to pay a deficiency judgment.
How long does a house stay in pre foreclosure in New York?
Notice Of Default The lender will also give public notice to the County Recorder’s office or file a lawsuit with the court. This officially begins the preforeclosure process, which can last 3 – 10 months.
Can you negotiate a pre foreclosure?
Making an Offer on a Pre-Foreclosure Home When you (respectfully) approach the owner of a pre-foreclosure home you can propose an amount that you’ll pay. When you’ve made your offer, the seller will most likely try to negotiate a higher price.
What is the difference between foreclosure and pre foreclosure?
A home is in pre-foreclosure if a homeowner is more than 90 days late on the mortgage payments and the bank has begun the foreclosure process. “A pre-foreclosure is a property in the process of foreclosure but is still legally owned by the owner.
How do I get rid of pre foreclosure on Zillow?
Zillow on Twitter: “We’ve got you covered — under “listing type” deselect “potential listings” and “foreclosures” to remove auction homes.… “
Why is Zillow pre foreclosure?
Most often, homes listed as “pre-foreclosures” on Zillow are properties where the lender has initiated foreclosure proceedings because the owners are behind on their mortgage payments. It simply means they are behind on their payments. Foreclosing on a property can be a lengthy process.
Why does Zillow say my house sold?
So Zillow gathers any info they can get, regardless of data quality, and feeds it to us like gruel. They pull data from questionable sources for homes that aren’t currently for sale, which is why you see so many homes that say “This home is not currently for sale” but they have data anyway, and maybe one grainy photo.
Which is better open door or Zillow?
When it comes to Zillow vs Opendoor, they each have advantages and disadvantages. While Opendoor services more markets, Zillow has a lower average service charge. To get an instant estimate and see what kind of cash offers iBuyers are willing to pay for your home, enter your address in the convenient iValuation tool.
Does Zillow offer fair prices for homes?
Zillow Offers can present home sellers with a cash offer in just two days. The service fee for selling a home to Zillow averages 2.5% but can be as high as 9%….Selling to Zillow Offers vs. a traditional sale.
| Zillow Offers | Realtor |
|---|---|
| Pays fair market value at most | Sell for whatever the highest bidder is willing to pay |