Florida courts have held that a lease with option, when broken, must go through the foreclosure process rather than eviction to get someone out.

I would go from over 200,000 on a list for pre-foreclosures than enter one more criteria, like I think I put in a mortgage price range of maximum 200k (which is pretty high for my neck of the woods) and it dripped from 200k to 83 people???

Hey All,  So we privately financed a Real Estate Sale and the borrower is way behind on payments so we need to initiate a foreclosure. 

Do you guys use the MLS to search for deals, or is there a better, more current way of reviewing short sales, foreclosures and REO's?

Hey Kenny, 1.The daughter needs urgent contact with the servicer and provides a valid hardship; it will help to suspend pre-foreclosure.

She/somebody would have had to make the payment had something happend to me in order to prevent foreclosure.

A nearby property is in foreclosure and twice was about to be auctioned off.

A property owner can have an owner occupant property, a second home, and investment home financing and as long as it is up to 4 financed properties, standard Fannie Mae Guidelines apply.Here are the general Fannie Mae Guidelines on Conventional Loans.Minimum credit scores required to qualify for a conventional loan is 620 FICO credit scores.Maximum debt to income ratios to qualify for conventional loans is 45% DTI.Minimum down payment for owner occupied primary residential properties is 3% for first time home buyers and 5% for home buyers.Second home financing require a 10% down payment minimum.Investment home financing require 15% for single family home investment financing and 20% to 30% down payment for multi unit properties.Reserves are required on investment property financing.4 Year Waiting Period to qualify for a conventional loan after a Chapter 7 Bankruptcy discharged date.2 Year Waiting Period to qualify for conventional loan after Chapter 13 Bankruptcy discharged date.4 Year Waiting Period after short sale to qualify for a conventional loan.4 Year Waiting Period after deed in lieu of foreclosure to qualify for conventional loan.7 Year Waiting Period after foreclosure to qualify for a conventional loan.If you have a mortgage part of bankruptcy , the waiting period is four years from the discharged date of the Chapter 7 Bankruptcy and the foreclosure can be recorded at a later date after the Chapter 7 Bankruptcy discharged date.Here are the 2017 Fannie Mae 5-10 Financed Properties Guidelines:A real estate investors cannot own no more than 10 Financed Properties between one to four residential units which includes their primary home, second home, and investment homes.On a property purchase, a 25% down payment on the property purchase will be required for 1-unit property and 30% down payment will be required for 2-4 unitsCash-out refinances are not allowed past 5 properties.

We just signed our newest tenant to our new single family home that we purchased as a foreclosure.

You may have to do some sleuthing to track down the owner if the address is the same as the foreclosure that they are not living at.