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Foreclosure/Questions Answered by Expert Dennis Herman

Subject	Date Asked
Short Sale / Mortgage Settlement	2/10/2012
Q: Yesterday the nations 5 largest banks struck a deal to pay out "damages" to people whose homes were ... A: I am sorry. I am a licensed Real Estate Agent in the State of Wisconsin. Your question has legal ...
Fannie Mae	1/24/2012
Q: the house has been removed from the listing website. The house is supposedly in a term called ... A: My guess the property will be bundled in a package and sold to another bank, or asset manage. This ...
Loophole that prevents mortgage account from defaulting?	12/14/2011
Q: ) I have heard (as it pertains to other types of property under a lien/loan of some type) that as ... A: I am a licensed Real Estate Agent in the State of Wisconsin, I cannot answer legal questions. To ...
Foreclosure	10/29/2011
Q: I am foreclosing on a vacant piece of land, 5 acres. The guy I sold it to brought in 11 huge office ... A: Better check with your attorney. I do not work in the rental segment of real estate, but in our ...
Foreclosure agent	8/30/2011
Q: We may have to relocate to Illinois in the next year or so. My question to you is how do you find a ... A: I prefer to work with agents who are tech savvy. I can find these agents on web sites such as ...
Foreclosure Fannie Mae Home	8/18/2011
Q: My husband and I put a bid in on a foreclosed home, bank counter offered and we excepted. The agent ... A: If you were selling your house which offer would you take? Buyers have got to stop listening to ...
Real Estate Opportunities	8/10/2011
Q: My name is Rashad. I have invested in real estate for a living a few years back. I am in the ... A: Sorry for the delay. It takes money to make money. Less than $5000 will not get you very much, ...
Foreclosure auction	8/3/2011
Q: I need to buy a house for cash.I need a recommendation what would be the best?I saw listings from ... A: I do not deal with auctions, they do not lay a commission. Check out the local county web sites on ...
FHA loan	8/1/2011
Q: Bought a home In Az purchase money only in 09. FHA loan. I did notice it does say in contract that ... A: I'm really not qualified to answer this question. I am a licensed real estate agent in the state of ...
Buying a home	6/23/2011
Q: What would be the best course of action for me to take if I'm looking to buy a one family, 3 bedroom ... A: Sorry for the delay. There are advantages and disadvantages to buying a foreclosure. It is rare to ...
Condo with lis penden	6/2/2011
Q: We would like to purchase a condo that has a lis penden on it at this time. It was previously a ... A: I can't make a comment on a specific contract I am not a party to. I would suggest you have an ...
fanne mae canceled my contract to purchase an took house back off market	5/30/2011
Q: I found a fannie mae homepath home. My offer was accepted. I have a closing date. Then the realtor ... A: At this point, call your agent and ask them to look into the details. If you had the listing agent ...
does he have to foreclose on me?	5/25/2011
Q: I bought a house three years ago with owner financing. I put thirty thousand dollars down and the ... A: I'm really not qualified to answer this question. I am a licensed real estate agent in the state of ...
Pre Foreclosure	5/22/2011
Q: I default my loan I owe 2316.65. I didn't make payment on April 30, 2011 and on May 4, 2011 I was ... A: I'm really not qualified to answer this question. I am a licensed real estate agent in the state of ...
Foreclosure of my house in my Bankruptcy	5/4/2011
Q: I have a complicated situation I am trying to figure out. My house was put into my bankruptcy ... A: I'm really not qualified to answer this question. I am a licensed real estate agent in the state of ...
Foreclosure	5/3/2011
Q: Last year at this time our mortgage went from $950 to $2,150. This was due to our mortgage ... A: You have a 2 part question. I must be one of the few people who have read their mortgage ...
florida real estate	4/1/2011
Q: can a lender put a lean on my second house (primary residence) if i walk away from the first house? ... A: Sorry for the delay. I'm really not qualified to answer this question. I am a licensed real estate ...
Time frame and questions on Foreclosure	3/4/2011
Q: My husband and I have recently had to look into purchasing a small one floor rambler for his ... A: If you feel you are not receiving adequate service from an agent, you can ask to speak to the ...
Time frame and questions on Foreclosure	3/4/2011
Q: My husband and I have recently had to look into purchasing a small one floor rambler for his ... A: State law and our ethics code does not all us to make comments on contracts we are not a party to. ...
Time frame and questions on Foreclosure	2/26/2011
Q: My husband and I have recently had to look into purchasing a small one floor rambler for his ... A: There are a number of reasons for a delayed reaction from an asset company concerning an offer for a ...
senate bill 94 California	2/24/2011
Q: I have paid a Law firm a total of $8,500 to represent me regarding (2) properties for home loan ... A: I'm really not qualified to answer this question. I am a licensed real estate agent in the state of ...
possible lease fraud	1/17/2011
Q: so basically i am a renter on this house with a lease agreement. I've only been in it for two weeks ... A: You may be the victim of a scam. Check he address, search it on Craigs list to see if it was listed ...
foreclosure	1/10/2011
Q: Dennis, This question is probably a bit different than you have seen before. We currently own a ... A: This is a tough one for me, I never dealt with time share properties. Just a few observations. To ...
Property Tax on a house in Foreclosure	1/7/2011
Q: Back in November of 2009, my wife and moved out of our house that we've lived in for 7 years (due to ... A: I'm really not qualified to answer this question. I am a licensed real estate agent in the state of ...
foreclosure in wisconsin, primary residence in illinois	12/10/2010
Q: i own a condohotel in delavan, wi...hotel property went bankrupt, sold at auction, and now closed..i ... A: This is a question for a licensed attorney. I am a licensed Real Estate Agent in the state of ...
document examples or templates	11/23/2010
Q: Do you know where I can find a document example or template for a Notice of Rescission/Rescission of ... A: I am not a licensed attorney. Usually an attorney would deal with these matters. a Notice of ...
Finding a Buyer's Agent for a Foreclosure	11/19/2010
Q: I live outside of Philadelphia, in a Pennsylvania suburb, and I am interested in buying a ... A: Ashley It sounds like you talked a few agents in the area and had some problems. There are a few ...
Purchasing a Freddie Mac Owned Foreclosure	11/7/2010
Q: My family currently is in negotiations to purchase a foreclosure property. The mortgage is owned by ... A: Sorry about that. All my links are to help people avoid foreclosure. I will have to get back with ...
Owner rights	10/20/2010
Q: After falling behind in payments, my property in Wisconsin went to the initial stages of ... A: I am a licensed Real Estate Agent in Wisconsin. They do not allow us to practice law. You should ...
foreclosed/eviction in less than two weeks	10/14/2010
Q: I live in the state of NC. Our house was auctioned off on July 7th. Freddie Mac bought it. It was ... A: This is a legal matter. You should consult with a local licensed attorney. One may be available ...
unsatisfied liens after escrow	10/14/2010
Q: I've got a sketchy situation and I'm curious to hear your thoughts. I recently went through a short ... A: This is a question for a local Real Estate attorney. I am a licensed Real Estate Agent in the State ...
Realtor Commissions	10/9/2010
Q: Does the listing Realtor make more commission on a short sale if there is not a buyers agent? What ... A: Commission is set by the seller and displayed on the MLS private (agent) version. In some cases ...
release from purchase agreement	9/29/2010
Q: I am a buyer and signed a purchase agreement. We are a fews days away from the closing when the ... A: I am a licensed Real Estate Agent in the State of Wisconsin. The standard Offer to Purchase points ...
MIS Inspection	9/26/2010
Q: The bank has forclosed my home even though I am in review for a loan modification, and the sale date ... A: Sorry for taking so long to get back to you. I searched the Internet to find out what an MIS ...
Foreclosure payment	9/12/2010
Q: If you have a foreclosure are you still required to pay the 2nd mortgage? There was a large one and ... A: I'm really not qualified to answer this question. I am a licensed real estate agent in the state of ...
forclosure	9/9/2010
Q: My Family purchased a condo here in FLorida back in 2006. The rent does not cover the mortgage and ... A: This may be a question for a licensed local attorney, I am a licensed Real Estate Agent in ...
How to write a letter requesting my mortgage company to rescind the foreclosure sale	8/18/2010
Q: I am in the state of texas and My home was sold in at a trustee sale on July 6, 2010. On July 26th ... A: I'm really not qualified to answer this question. I am a licensed real estate agent in the state of ...
Lien against property in foreclosure	8/12/2010
Q: Is there any way to protect a secondary lien against property when it is due to be sold at auction? ... A: I'm really not qualified to answer this question. I am a licensed real estate agent in the state of ...
Foreclosure after bankruptcy	8/10/2010
Q: I had a bankruptcy in 2008. I have a mortgage and a HELOC on the home, but I didn't sign a note of ... A: I'm really not qualified to answer this question. I am a licensed real estate agent in the state of ...
FROM CASH FOR KEYS, STRIAGHT TO EVICTION	8/2/2010
Q: MY HOME IS CURRENTLY IN FORECLOSURE IN JANESVILLE, WI. ABOUT 4 WEEKS AGO A REALTOR PLACED A LETTER ... A: It seems like there is a communication break down between your, the real estate agent and the bank ...
Foreclosure w/Fed Tax Lien	7/27/2010
Q: State of Illinois - when a home is in foreclosure and set for sale at the time of the sale will the ... A: This question is more for an attorney, than a real estate agent. I am licensed to market homes in ...
Bidding on my first home	7/14/2010
Q: I have been negotiating with Fannie Mae for a home. The asking price for this home is $118,900. ... A: I will assume this is a short sale property. The results of a short sale depend to a large part ...
foreclosure taxes	7/8/2010
Q: I am considering a foreclosure on my home. I am 4 payments behind due to unforseen medical expenses ... A: The only option I can suggest is to contact a local loan mediator. There is a list of authorized ...
Retirement/sell property	7/5/2010
Q: I need some input/guidance on how to unload our condo here in Chicago. My husband and II live in an ... A: You bring up some good points with this question. 1. Make sure you are able to rent. Many condos ...
foreclosure	7/4/2010
Q: I live in Texas... We owe our lender 3,700 on the house payment.. My husband was laid off from work ... A: There are a few options I can see. You can ask to speak to the representatives manager. You should ...
Foreclosure Property	6/30/2010
Q: I own property that is likely in foreclosure. My mother was paying the mortgage on the property ... A: These are some very good questions. The license agreement with the State of Wisconsin states, we ...
2 owners...one sign.	6/28/2010
Q: If there is two owners on property deed , and only one signed on the loan.Can they still foreclose ... A: This sounds like more of a legal type of a question, you may want to talk to a local real estate ...
Foreclosure Property	6/24/2010
Q: I own property that is likely in foreclosure. My mother was paying the mortgage on the property ... A: This question is impossible to answer without first seeing the property and knowing the neighborhood ...
Foreclosure and utilities Michigan	6/23/2010
Q: My home was foreclosed on. I no longer have access to the home. Am I responsible for the water ... A: My best answer is to call the city. They may be able to work out a payment plan. I am not sure the ...
My apartment is being foreclosed on.	6/21/2010
Q: My apartment is being foreclosed on and my landlord wants me to write out a bill of sale and buy the ... A: I am a licensed Real Estate Agent in the state of Wisconsin. My license does not allow me to ...
NO DISCLOSURE OF SURVEY ON FILE	5/23/2010
Q: What does it mean when a bank owned property states sold as is, no disclosure of survey on file? ... A: You must be referring to the listing spec sheet. It means the seller (bank) has never seen or ...
HOA Foreclosure	5/15/2010
Q: We are in Florida, and are current on our Wells Fargo mortgage in the 5th month of a HAMP ... A: My expertise is in marketing real estate in Wisconsin. But I have also spent a great deal of time ...
eviction	5/11/2010
Q: I received my Lis Pendance for my home 6 months ago. What will the next step be, and how long will I ... A: It is always best to take action early in the process. What you DO NOT want to do is contact any ...
Foreclosure jargon	5/3/2010
Q: My business partner is going through a home foreclosure. He was trying to explain where things are ... A: I've never heard of a bond required for a foreclosure. This is more of a question for a licensed ...
Distressed Property Questions	4/13/2010
Q: I am trying to clarify a few questions on a distressed primary residence in California. 1. How does ... A: 1. I am not sure if mortgage insurance is part of the equation. Home loans with less than 20% down ...
Arizona Condo Assoc Laws	3/26/2010
Q: Can the HOA in my Arizona Condo foreclose on my property for past due HOA fees? Can they auction my ... A: Sounds like you may need a local real estate attorney. I am a licensed real estate agent and I am ...
rental foreclosure	3/22/2010
Q: If I am renting from someone and the property is foreclosed, what are my rights? What if the place I ... A: This seems like a question for a real estate attorney. I am a licensed real estate agent on the ...
how to get my contract accepted	3/22/2010
Q: I live in Maryland and with the foreclosed home prices as good as they are I would like to buy ... A: Excellent question. I always like to learn from my mistakes and failures and I think that may make ...
Can a CDPE help me as a Buyer?	3/11/2010
Q: ...I am an eventual perspective homebuyer in the Tampa, FL area. I have just today learned about ... A: John Thank you for the question. Certified Distressed Property Expert® or CDPE appears to be a ...
Mortgage/judgement	3/3/2010
Q: I have a property with mortgage. There was environmental issue on property. The borrower is now ... A: Sorry Charles It seems you need an attorney to answer this question. I am only a licensed real ...
lender suing on note rather than foreclosing	2/27/2010
Q: I had read your answer here, ... A: This is of course a complicated situation beyond my scope of expertise. You need a local attorney. ...
Foreclosure vs REO vs Bank Owned	2/17/2010
Q: What is the difference between a pre-foreclosure, bank-owned, foreclosure, and REO? I always ... A: Good question. To be honest with you, I had to Google REO to make sure what it stood for. Real ...
forclosure on Promissory Note	2/15/2010
Q: I live in the state of Oregon and have a promissory note and deed for a piece of rental property I ... A: I am a licensed real estate agent in the State of Wisconsin. It sounds like you need legal advice ...
Multiple bid, Fannie Mae Foreclosure, accepted offer	2/15/2010
Q: let me break this situation down for you here. We have been looking for a home in this market for ... A: Interesting. The law forbids anyone but an attorney to give legal advice on a contract they are not ...
Liens against property	2/10/2010
Q: We received a judgment against an apartment complex for falure to pay for swimming pool services. A ... A: Sounds like you need an attorney. I am a licensed real estate agent in the State of Wisconsin and I ...
House / short sale / realtor doesn't respond to phone calls	2/10/2010
Q: We found a house on the MLS (I'm in Vermont) and asked our buyers realtor to schedule a showing. The ... A: Great to see things rolling along. The squeaky wheel gets the grease. In this industry, most ...
House / short sale / realtor doesn't respond to phone calls	2/9/2010
Q: We found a house on the MLS (I'm in Vermont) and asked our buyers realtor to schedule a showing. The ... A: I wish I had 1000 customers like you. Did you really offer an agent a commission above and beyond ...
judgement/foreclosure	2/1/2010
Q: I have had a lien on a millionaires rental property for 2 yrs. now and have exhausted all means of ... A: Sorry, I am a licensed real estate agent in the State of Wisconsin and can not answer legal ...
Foreclosure wiping out association lien	1/22/2010
Q: From a third position, I foreclosed on a commercial property in Utah in August 2009 and did not ... A: This seems like a question the lawyers will have to sort out. Are you a lender in the third ...
sale price used for COD and cap gain tax	1/10/2010
Q: a tax attorney told me that the sale price used for a foreclosure used to determine cap gain and COD ... A: Well I was going to look up the new law which puts a hold on capitol gains tax for a primary home. ...
operating in forecloser	1/10/2010
Q: We hold a recorded 2nd note on a commercial property it was sold several times in a foreclosure ... A: This is a tough one. Most of my experience has been with residential property. I would suggest you ...
puechase	1/1/2010
Q: We live near Phoenix and would like to purchase a foreclosed house. Or one on ... A: Sorry about taking so long. I have been busy the past week running around showing these ...
foreclosure privacy breach	12/27/2009
Q: in june 2009 a bank released foreclosure precedings to a third party on the street. this breach ... A: I think you will have to consult with an attorney on this. I am a licensed real estate agent in the ...
foreclosure	12/21/2009
Q: i have been served an eviction notice by someone who bought my house at auction. In the notice, it ... A: The washer, dryer, stove and refrigerator are appliances, they should be okay to remove. Water ...
foreclosure	12/21/2009
Q: i have been served an eviction notice by someone who bought my house at auction. In the notice, it ... A: I'm not sure I can give you a list of fixtures. Is there a web site or phone number to explain ...
2nd Loan on House - Foreclosure	12/2/2009
Q: I have a 2nd loam on my house of $50 000. My mortgage is about $600 000. I am having difficulty ... A: You can check the title on your home. You may be able to do this on line through your county web ...
Short Sale Nightmare	11/27/2009
Q: Long story short, we had found a house and became attached to it, ended up going through short sale ... A: Join the crowd. I have an accepted offer from a seller and have been awaiting lander approval since ...
FORECLOSURE	11/26/2009
Q: I live in new york and my house is in foreclosure when the bank takes the house can they go after my ... A: I am not familiar with the laws in NY. I am a licensed real estate agent in the state of Wisconsin, ...
Abstract	11/17/2009
Q: We recently purchased a bank owned home. After closing I asked where our abstract was located and ... A: Only a licensed attorney can explain the difference between and abstract and title insurance. I am ...
foreclosure	11/14/2009
Q: already lost my home to foreclosure, to the first lender where does that leave the second lender A: The questions should have been answered during the court hearing for the foreclosure. If the ...
hud bids	11/4/2009
Q: It sounds as if I were to "win" the bid, I would have to live in the house rather than rent it out ... A: I really do not understand your question. I would have to learn more details about the situation. ...
loan modification	10/24/2009
Q: we were charged for a loan modification, in order to get fix rate, from our arm rate. to an ... A: Always deal with Internet sites ending in .gov such as the HUD site. ...
promissory note	10/24/2009
Q: how important is the promissory note, that is in the loan papers that a lender usually have the ... A: You would have to consult with an attorney or file a complaint with the state banking commissioner ...
foreclosure/short sale	10/23/2009
Q: I have a house that is considered investment property because I don't live there. I had renters for ... A: This site may provide some answers. ...
Foreclosure	10/22/2009
Q: I have just been served with foreclosure papers. I spoke to the mortgage co. I knew I owed 5600.00 ... A: Contact your local city, county or state. There should be a link from the HUD site, the Federal ...
where to find auctions	10/19/2009
Q: I would like to find out when and where the auctions are in my area? Where do I start to find ... A: Sorry, auctions are not in my business plan. I do not get paid to attend auctions. Try searching ...
foreclosure	10/18/2009
Q: Im renting a home on a month to month. The property was sold at auction and the new owners want us ... A: On a month to month lease you have a locked rent until the end of the month. The land lord has to ...
Tree fell during escrow, need Bank to take care of, I am ready to close	10/14/2009
Q: I am ready to close, loan docs (80/20 loan) signed with lock exp in 9 days. But their is a hold up, ... A: The State of Wisconsin has standard provisions in the fine print on the back pages of the option to ...
foreclosure on home	10/13/2009
Q: I own a home in Florida that has been determined to be non repairable do to construction ... A: If you received a settlement on the house with the fill problem, you must have had some type of ...
foreclosure on home	10/9/2009
Q: I own a home in Florida that has been determined to be non repairable do to construction ... A: You may already be working with an attorney, due to the circumstances you described. I am not a ...
locked out of property with possessions still inside	10/2/2009
Q: my husband and I were in foreclosure on our mortgage and in july were granted a loan modification ... A: I can only relate to the series of events I have seen in Wisconsin. I have no idea what the laws ...
Foreclosure	10/1/2009
Q: We are almost 4 months behind on our mortgage payments. My husbands salary has decreased ... A: Most of all I think you need a lot of prayer. You should have considered a move months ago. ...
Papers Served	9/30/2009
Q: I am 160 days behind on an investment property in Florida and I live in Kansas. I have a pending ... A: I am a licensed Real Estate Agent on the state of Wisconsin, specializing in marketing. If you are ...
2 properties in florida attempting to short sale	9/29/2009
Q: Here is the situation- my father purchased 2 pieces of land in the hopes of building on them. This ... A: I am a licensed real estate agent in the state of Wisconsin. You should seek legal advise from a ...
buying foreclosed property	9/16/2009
Q: I did not see an expert option that related to property up for auction after foreclosure, so if you ... A: Auctions are not a part of my business plan. There are no provisions in an auction which allow me ...
home owners dues	9/13/2009
Q: can home owners association file foreclosure against your home, due to past due dues? I am ... A: Without seeing the agreement with the HOA, I can not answer that question. I doubt if the have the ...
Home Insurance After Foreclosure	9/13/2009
Q: I am in a situation where my home has been foreclosed on via sheriff sale. I am in Michigan and I ... A: The redemption period give you time to work out a solution with the lender. If you initiate the ...
liens and foreclosures	9/11/2009
Q: I have a lien against a man's house for money that is owed to me. I recently received notice the ... A: I am not a licensed attorney. I have a real estate license in the state of Wisconsin. It sounds ...
Owner Financed Forecloseure	9/10/2009
Q: I owner financed a 15 acre parcel of land with a home to a man two years ago, as of 2 months ago he ... A: This is a good question. I have never been involved with an actual Seller Financed sale, although I ...
Foreclosure	9/9/2009
Q: The mortgage on my home was contracted in my husbands name only one month before we married fifteen ... A: I am dealing with a number of lenders on a daily basis. I find they like to do business their way or ...
Secondary Lender after Foreclosure	9/8/2009
Q: last year unfortunately my home was foreclosed, it was my primary residence for 3+ years. My ... A: You may be better off contacting an attorney which knows real estate law in your local area. The ...
Foreclosure Extension	9/5/2009
Q: What does it mean when a forclosure date is extended? A: In marketing an extension if referring to the listing. The bank may grant a contract to a broker to ...
Is 2nd Trust Deed Reconveyed?	9/2/2009
Q: I have a Full Reconveyance for a 1st trust deed back in 1981 but is the 2nd Trust Deed therefore ... A: I am licensed to market real estate in Wisconsin. Your question needs an a local attorney. Per ...
Foreclosure	9/1/2009
Q: We got a our Notice of Default dated December 3, 2008. The DOT has the mortgage broker recording ... A: Sorry I can not explain this one. I am licensed to market properties in the state of Wisconsin and ...
Promissory Note vs Mortgage	8/26/2009
Q: I signed the mortgage with my wife and now we are separated. she does not work and I am responsible ... A: It just so happens I had an experience in FL. I married my wife in Miami, the following day we ...
Note vs Mortgage	8/26/2009
Q: I signed the mortgage with my wife and now we are separated. she does not work and I am responsible ... A: The answer depends on which state you live in. In Wisconsin, husband and wife are co-owners of all ...
Options on Foreclosure in FL	8/24/2009
Q: My best friend owns an apartment that she purchased using her mom's name. The loan in on her mom's ... A: There have been many new laws introduced to help home owners in this situation. Search the Internet ...
building home equity	8/18/2009
Q: Mr. Herman, I would appreciate it immensely if you could give me some guidance in my purchasing a ... A: Ask your lender about the financial end of things. They have to keep up on the ever changing ...
building home equity	8/17/2009
Q: Mr. Herman, I would appreciate it immensely if you could give me some guidance in my purchasing a ... A: It's great to see you gathering information like you are. The best thing to do is call a Real ...
Lien in California	8/13/2009
Q: Three months ago I placed a bid on a Bank Owned property and lost. I live 2 doors down from this ... A: I am not an attorney, I am licensed to market real estate. But I can tell you what I would do if I ...
Selling a second mortgage	8/1/2009
Q: A nearby developer got a $850K loan to build a spec house. During construction he decided to ... A: Sorry to say, I an in the marketing end of real estate and not in the lending business. I would ...
Foreclosure on Land	7/28/2009
Q: I own 1.25 acres of empty land in Arizona. My financial situation has not changed but I no longer ... A: Looks like you got into an investment that went south. I'm not sure how to answer this. I would ...
Owner filing BK	7/9/2009
Q: We have purchased a home on land contract from an individual on April 1st 2009. She has some type ... A: This is a good question. I generally do not deal with land contracts because they require a large ...
Selling "AS IS"	7/9/2009
Q: I am going to purchase a foreclosed home. Closing is Aug. 13th. The property has been empty for ... A: You realize I am not allowed to comment on a contract I am not a party to. I can of course comment ...
short sale	7/7/2009
Q: My daughter has a home in FL that is worth far less now then when she purchased it several years ... A: There are a number of things you need to do to collect the data to make a proper decision. Call a ...
Foreclosure/Eviction/Judgement	6/23/2009
Q: Moved In To A Townhome On A Lease-To-Own Contract That Was A 6 Month Lease Expecting To Buy TownHome ... A: You are welcome. If this has happened to others, there is a good possibility one of them have ...
Foreclosure/Eviction/Judgement	6/22/2009
Q: Moved In To A Townhome On A Lease-To-Own Contract That Was A 6 Month Lease Expecting To Buy TownHome ... A: I am surprised a lender would share this information with you since this may be considered ...
Contracted Sale	6/19/2009
Q: can a sale be rescinded in california A: I am not sure how to answer this question. I am a licensed real estate agent in the State of ...
Foreclosure/Eviction/Judgement	6/19/2009
Q: Moved In To A Townhome On A Lease-To-Own Contract That Was A 6 Month Lease Expecting To Buy TownHome ... A: I am not a licenses attorney and I do not have access to the contracts involved. This makes ...
Working with Offer	6/18/2009
Q: What does it mean when the listing agent said she is working with an offer, but it is not pending ... A: The listing agent can be directed by the seller to hold off on showing the property. It is common ...
2nd lien on a forclosure	6/16/2009
Q: If a person forecloses on a home in Arizona that has the 1st and 2nd at the same bank does ... A: This is really a question for an attorney. You may want to run it past this past an attorney. ...
unlawful detainer	6/8/2009
Q: My parents were renting out a property in California, they become one of the statistics with a bad ... A: Sorry for the delay, but I am glad I checked into this answer. This site used to have a number of ...
Post Foreclosure	6/5/2009
Q: I bought a condo in Miramar, FL ( greater Ft lauderdale) in 2006. I was single at a time and stayed ... A: I am a licensed real estate agent in the state of Wisconsin. A major portion of your question ...
bankruptcy after a foreclosure	5/24/2009
Q: Can you still file bankruptcy (Chapter 7) after your home has been foreclosed? We have another home ... A: I would hope you are filing with the aid of an attorney. Your attorney has the ability to read and ...
good faith deposit short sale	5/7/2009
Q: I made a bid on a house on April 1st and the bid I made changed the sale from a regular sale to a ... A: I am licensed to sell real estate in Wisconsin. I can tell you how things should be handled here ...
WALKAWAY OR FORECLOSURE	5/4/2009
Q: I bought a house back in 2004 without a home inspection. Within the last 3 years, the house has been ... A: You don't need a real estate agent (which I am) you need an attorney. There is a section in ...
foreclusure vs short sale vs walkaway	5/3/2009
Q: Howdy, my mother died in December 08. She was 23 years into a 30 year note on her condo. original ... A: When I look for the best deals for my buyers I try to find estates. Often the family wants to put ...
Loan Modification / Foreclosure	4/29/2009
Q: I stopped making payments on both the 1st & 2nd. The 1st mortgage is working on a loan modification ... A: Since I am only an expert at marketing foreclosures and short sales and not knowledgeable enough on ...
making an offer	4/26/2009
Q: I am going to view a house today and it has been on the market for a very long time, about a year or ... A: You are asking the wrong person about termites. Out of 50+ sales I have only seen 1 request for a ...
making an offer	4/25/2009
Q: I am going to view a house today and it has been on the market for a very long time, about a year or ... A: i really find it hard to give professional advise on a property I have not viewed. As a matter of ...
Short sale	4/24/2009
Q: Here's the scenario. My fiance and I each have homes that are on the market. After they sell, we ... A: Wow Larry Seems like the market has really put you in a bind. My expertise is in marketing, you ...
Purchase of bank owened property	3/24/2009
Q: Is there possibly back property taxes owed on homes that banks own now. If so, would the new ... A: This is a good question. I wish I had an answer. Since I am only licensed to sell Real Estate in ...
Info on a foreclosed property	3/23/2009
Q: My son recently found a listing on Yahoo Foreclosures for a piece of property that he might be ... A: This is an excellent question. Answering ads on Yahoo and other sites offering foreclosures can be ...
Foreclosure profitabilty (formula?)	3/21/2009
Q: Can you help me come up with a basic guideline for determining potential profitability if I am going ... A: Investing in foreclosures is much more than numbers. Many people are looking into Real Estate as an ...
rental home being foreclosured	3/19/2009
Q: the house my husband and I rent is about to be foreclosed. I talked to my landlord, she says there's ... A: Sorry to hear your situation. There is not much you can do as a tenant. If the property was sold ...
How to avoid taxes on a short sale?	3/18/2009
Q: I have heard recently that if you do a shortsale on your property as a primary residence, you can ... A: I am not sure how a short sale would effect your credit. The best thing to do is get in touch with ...
How to avoid taxes on a short sale?	3/17/2009
Q: I have heard recently that if you do a shortsale on your property as a primary residence, you can ... A: Angela At the present time there seems to be no assistance available for rental property. You can ...
foreclosure, fraud, forgery	3/15/2009
Q: A complaint for foreclosure was began on 6-27-2009 and on 1/14/2009, substitute trustees filed ... A: I have a license to market real estate in the state of Wisconsin. There is another Expert that is a ...
foreclosure process	3/12/2009
Q: The condo next to mine is in foreclosure. I was told by the condo association that the foreclosure ... A: I am a licensed real estate agent in the state of Wisconsin and not an attorney. I will answer this ...
lien	3/10/2009
Q: If there is a lien on the house we are renting can it be forclosed if the old owner doesn't pay it? ... A: This would be a difficult question to answer without knowing all of the facts. The contracts for ...
Notice of Trustee's Sale and Rescission	2/26/2009
Q: Q1: I came across a property having two Notices of Trustee's Sale, one on September and one on ... A: I am licensed in the state of Wisconsin to market and sell property. These questions are bordering ...
foreclosure 1099c and court	2/18/2009
Q: Bank foreclosed on rental property in tn. Being sued by attorney representing the bank for 7000.00. ... A: Sorry for taking so long to get to this question. I am a licensed Real Estate agent in the state of ...
retirement	2/15/2009
Q: herman and my question me and my wife work im part-time package handler and my wife is a server but ... A: Many people are looking into Real Estate as an investment. The first thing that comes to mind is ...
Quick Question	2/9/2009
Q: I have been talking with a Realtor here in Las Vegas, who has been giving us some very shady advice, ... A: Great question. I wanted to do a write up on how to choose a great Real Estate Agent. I always ...
Quick Question	2/9/2009
Q: I have been talking with a Realtor here in Las Vegas A: I would talk to at least three agents before making a decision to sell a home. Get to know them. ...
foreclosure- can they really do this?	1/28/2009
Q: I am current on my first mortgage, but i fell behind on my HELOC and they brought me current to help ... A: Jen My expertise is in the area of marketing and sales. I am not an attorney. I would suggest you ...
foreclosure	1/21/2009
Q: I live in Minnesota. I have three mortgages on my house. In the event of a foreclosure, which lien ... A: Dave Thank you for the question. I hear this question a lot these days. If you have a current ...
Making an offer on foreclosure	1/18/2009
Q: I made an offer on a foreclosure. The realtor told me that the banks look at the complete offer ... A: In the state of Wisconsin the offer to purchase will indicate if the loan is conventional, FHA or ...
Finding investors for short sales	1/8/2009
Q: I have come across several thousand dollar plus courses on short sales and wondered what a person ... A: There are a series of articles I have written about getting involved in Real Estate from an ...
Forclosure on a second home	12/27/2008
Q: I live in Illinois. I co signed for a friend to buy a second home in Florida. He currently lives in ... A: Now I know I am now the only one trusting enough to enter into a co-sign agreement and get caught in ...
option on my house	12/22/2008
Q: Herman, I know you are getting many of question these days about all this Loan modification staff.I ... A: Brad Thank you for the question and thank you for the actual facts so we can now take a look at a ...
REAL ESTATE	12/16/2008
Q: WHAT EXACTLY IS A FORCLOSURE A: I think this definition given in the Wisconsin Realtor's Association Update of December 2008 will ...
foreclosure detroit	11/30/2008
Q: 000 dollars in nice places on foreclosure, pls informe why is soo cheap detroit ,thanks A: Most of my work with foreclosed properties is in the city of Milwaukee so I will share my ...
Taking Cabinents from a Home	11/25/2008
Q: I am a banker and I had a client pose an interesting question to me in which I could not get a clear ... A: I am a licensed real estate agent, which does not allow me to answer legal questions. My expertise ...
2nd Trust Deed Foreclose before 1st TD	11/12/2008
Q: can a 2nd foreclose in CA when a chapter 13 Dismissal has taken place but nit yet closed ? A: I am not sure I understand the question. I think you are asking a question concerning a first and ...
trying to buy forclosure with VA	11/1/2008
Q: We make 103K per year. I am a vet. I have a certificate of eligibility. My wife and I found a ... A: I agree with you completely. I know exactly what you are going through. This is standard practice ...
mortgage - bankruptcy	10/27/2008
Q: Had hard time paying mortgage all year. In and out of forebearance. Trying not to declare bankruptcy ... A: Declaring bankruptcy and having your house foreclosed are two different entities. If you are ...
The House I Rent Is Getting Into Foreclosure	10/17/2008
Q: We rent a house in Orlando Florida. My landlord is trying to sell his home in short sale but he ... A: you bring up two very important points. You should continue to pay your land lord, unless they ...
Foreclosure of Rental Property	10/5/2008
Q: I have been unable to work since 2006, in the long process of filing for disability. I have been ... A: Karl The laws are different form state to state. Most attorneys will give you a free consultation. ...
Rental homes	10/3/2008
Q: I have 5 rental homes in Washington State. I am 2 months late on all of them. My primary home has ... A: Andy The best thing you can do is contact the lender and let them know your situation. You should ...

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Dennis Herman

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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

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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

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