Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 17 years ago,

User Stats

265
Posts
41
Votes
Edwin De leon
  • Investor
  • bronx, NY
41
Votes |
265
Posts

1 family florida pre-foreclosure questions

Edwin De leon
  • Investor
  • bronx, NY
Posted

Scenario:

1 family home in pre-foreclosure in florida behind 4 months!

Questions:

1) What could be done to slow down the foreclosure process in florida egally and give him time to catch up maybe

2) What new programs are being offered by the government for people like him that are in pre-forclosure

3) Someone has offered to do a short sale that he could stay in the house and find someone to buy the house at a lower cost that he trusts and then have title transfered back to him later on...pros and cons of this type of arrangement and what questions should he be asking the person who want to do the short sale.

4) Can he refinance the property if he is pre-foreclosure 3 going on 4 months behind bought house for $170k owes $146 mortgage $1500 monthly, if so what could be done and how

5) Has someone willing to help out he knows personally that he could sell the house too who is close friend of the family and the person is willing to to put house in their name and then later sell and transfer to title back to him.

6) How does florida operate with pre-foreclosure properties how long do they give homeowners to solve behind payments or rather before the bank comes in and puts padlock on door of home.

What are the pros and cons here. What questions and precautions should he take here not to get hurt in the future if everything will be in their friends name.

Loading replies...