Comments on: Everything You’ve Ever Wanted To Know About Short Sales and Foreclosures…Its all Happening Here in Miami http://realgreentrends.com/2009/11/10/everything-youve-ever-wanted-to-know-about-short-sales-and-foreclosures-its-all-happening-here-in-miami/ Aventura - Sunny Isles Real Estate Condos and Homes For Sale Sun, 11 Jul 2010 10:09:04 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Adriana Faerman http://realgreentrends.com/2009/11/10/everything-youve-ever-wanted-to-know-about-short-sales-and-foreclosures-its-all-happening-here-in-miami/comment-page-1/#comment-2366 Adriana Faerman Thu, 12 Nov 2009 21:33:13 +0000 http://realgreentrends.com/?p=678#comment-2366 Hi Matthew: You are right...there could be all sorts of recorded and or unrecorded liens on a property that the new owner will be held responsible for..additionally unbeknown to the new owner there could actually be somebody actually living in the property and a legal proceeding called writ of possession would need to be instituted. Lots of money to be made in the foreclosure world but there are sometimes hidden costs that the buyer needs to be aware of and prepared for. Please let me know if you have any further questions. Debbie Hi Matthew:
You are right…there could be all sorts of recorded and or unrecorded liens on a property that the new owner will be held responsible for..additionally unbeknown to the new owner there could actually be somebody actually living in the property and a legal proceeding called writ of possession would need to be instituted. Lots of money to be made in the foreclosure world but there are sometimes hidden costs that the buyer needs to be aware of and prepared for. Please let me know if you have any further questions.
Debbie

]]> By: Matthew Griffin http://realgreentrends.com/2009/11/10/everything-youve-ever-wanted-to-know-about-short-sales-and-foreclosures-its-all-happening-here-in-miami/comment-page-1/#comment-2365 Matthew Griffin Thu, 12 Nov 2009 18:46:12 +0000 http://realgreentrends.com/?p=678#comment-2365 Really we should be aware the legal aspects of such purchases, to avoid problems the lender. Really we should be aware the legal aspects of such purchases, to avoid problems the lender.

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