The Real Estate Wonk: REO-purchasing questions - Baltimore homes, apartments, real estate: Buying, selling, renting and housing news from reporter Jamie Smith Hopkins

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May 13, 2011

REO-purchasing questions

A local title attorney who focuses on REO transactions -- from foreclosing bank to new owner -- would like to answer your questions for a Q&A guest post.

What do you want to know?

If you've been looking for a foreclosure to buy and have run into issues, this is an opportunity to get some answers -- the "why" and hopefully the "how to avoid this next time."

You can leave questions in the comments or email them to me directly at jhopkins(at)baltsun(dot)com.

Posted by Jamie Smith Hopkins at 12:47 PM | Permalink | Comments (2)
Categories: The foreclosure mess

Comments

Please detail "hidden" settlement costs such as HOA fee pay-offs and other liens that may accrue for accounts in arrears. Explain borrower liabilities for Homepath, HUD REOs and auctions.

Posted by: Martha Gatewood | May 14, 2011 4:42 PM

How do you know if the auction is a wash sale for the bank to take title, or if they're actually going to give it to the highest bidder?

Why are some properties winterized and put away, and others are listed or auctioned?

Posted by: Anonymous | June 1, 2011 2:17 AM

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About Jamie Smith Hopkins

Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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