AboutDennis Herman Expertise I can answer questions on Real Estate such as question on writing an Offer to Purchase. What can go wrong after an offer is written? What is Buyer Agency and what will it do for me? What is a foreclosure? What is the difference between a foreclosure, a bank owned property and a short sale? What is the best way to locate a property? What steps can be taken to avoid foreclosure? How do Real Estate Agents get paid? How can I quickly build equity in a home? How do I view homes? What types of homes will have the best prices? How do I choose an agent? What types of financing are available?
Experience Residential and commercial real estate. New home purchases. Buyer Agency. First time home buyers. Foreclosures, bank owned properties, estate sales and short sales.
Organizations Greater Milwaukee Realtors Association
Wisconsin Realtors Association
National Association of Realtors
Publications http://activerain.com/bloghome
Education/Credentials State of Wisconsin Licensed Real Estate Sales Agent
Accredited Buyer Agency Training
Relocation Training
Certified Senior Citizen Representative
Wisconsin Real Estate Continuing Education
Question I owner financed a 15 acre parcel of land with a home to a man two years ago, as of 2 months ago he stopped paying and is now moved out. He has disconnected all of his phones and I cannot get int ouch with him. How would I foreclose the land, he has not paid but 10,000$ of 120,000$
Thank you.
Answer This is a good question. I have never been involved with an actual Seller Financed sale, although I have discussed the possibility with a number of sellers. The problem is, the buyer never has the required down payment to cover the costs involved.
If I were you I would contact a local attorney to do the paper work, insuring everything is completed according to state laws. You will also need to make sure the taxes are paid so the matter does not snow ball and bury you in a mountain of problems which may arise.
