Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Lizzie asks…

How do i buy foreclosures in south florida?

could anybody advise me on How do i buy home foreclosures in south florida main is the broward county area . i am working wih over 100K and looking to buy in the south florida area

Your Questions About Foreclosures

The Expert answers:

Go to the county and get a list of pre-forclosures. That can be much more profitable.

Your Questions About Foreclosures

Mark asks…

Aprx how long do I have to stay in home during foreclosure in Florida at this time?

Our lender, (Wells Fargo) will not accept what we can pay at this bad economic time, so our home is up for a short sale and they have just begun the foreclosure process. I have been told by many that it probably won’t sell right now in our area of North Port, FL. I am wondering how long the whole process will take to forclose. (we just got our first notice, 20 days to respond). I’ve even been told by the process server that most are taking almost a year, He said to stay as long as we can as foreclosures are taking 6 months to a year. Does anyone know about how long we have until we must move out and How much notice will we have to vacate if the full forclosure goes through without a sale of the home?

Your Questions About Foreclosures

The Expert answers:

Keep an eye on all correspondance & dates. The timelines for your state can be found here:

http://www.truthinforeclosure.com/state-laws.html
http://www.entrusthome.com/16-stop-foreclosure-florida.php

After the sale date, you fall into tenant status & will be subject to the same timelines to vacate as a non-paying tenant for eviction.

Your Questions About Foreclosures

Joseph asks…

Where can i find online foreclosure home listing totally free?

i am trying to find a free foreclosure home listing in south florida

Your Questions About Foreclosures

The Expert answers:

If you are looking for national foreclosures listings website, check out this site

http://foreclosure-listings-national.com/

Here you can get access to all foreclosures in usa.

Your Questions About Foreclosures

Betty asks…

Can anyone tell me the pros and cons of investing in U.S. real estate ? Any tax concerns ?

I’m looking to invest in foreclosure homes in Florida but don’t want to get stuck in a taxation hell.

Your Questions About Foreclosures

The Expert answers:

To avoid higher taxes stay away from the water front. I would stick with single family homes rather than condo’s. Try to avoid “gated communities” as there is always a membership/maintenance fee charged monthly. A lot will depend on the area of town your looking at on how much the taxes will be. It is also based on the appraisal value of the home.

Your Questions About Foreclosures

Nancy asks…

Im looking to buy a foreclosured home in the Melbourne, Florida area.?

I found many sites that you have to buy the list of foreclosure homes, but are there free sites or where can I get a free list of foreclosured homes in my area?

Your Questions About Foreclosures

The Expert answers:

WHEN the property is bought at the right price AND when the property and your expenses are properly managed.

THEN when you get the right property THE BIGGEST challenge is getting the right tenant for the property AND PROPERLY managing the tenant AND property.

THEN you can earn very good money. OR you should be able to feel a little more comfortable with the purchase of that property for your own use.

You’re going to discover every county in every state/province/territory operates and does things a little differently than the one next to it.

It requires LOTS of time and diligence.

This is what I learned: No one ever gives anyone anything for free. “There is no free lunch.”

The best suggestions I can offer:

1A] It doesn’t make any difference whether you live in a large city or a village/borough, make the investment of time to go to the County Court House or City Hall. Visit the Recorder of Deeds Office/County Clerk’s Office or whatever the office is referred to in Canada. The names are different, but the Office’s function is the same: to record ALL REAL property documents.

The ladies and gentlemen in the City Hall or Court House are there to help the folks who come there to do business and take care of various matters about that city or county.

1B] You’ll need a specific, actual address – even if its your’s or a friend or relative living in that same county or city. The property owner’s name would be very helpful. Ask an employee in that office how to research a property. Write down and/or remember each of the steps you are shown.

2A] When you finish researching that property, go to the Sheriff’s Office. Ask for the rules for Sheriff’s sales and foreclosures.

2B] IF the notices for the Sheriff’s Sales are posted, choose any one or two. If you have to ask for the list, do so. Then pick one or two.

2C] Go back to the Recorder of Deeds Office/County Clerk’s Office. With what you were taught and learned, do the research for that property.

If you get stuck, ask for help.

3] If you are able to do this, attend AT LEAST 3 of those Sheriff’s Sales. You aren’t going to bid on any property. You aren’t going to buy any property. You are there STRICTLY as an observer. You want to see how the process works.

Foreclosures are only one very small aspect of the real estate business. There are others.

Thanks for asking your Q! I enjoyed answering it!

VTY,
Ron Berue
Yes, that is my real last name!

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Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures
Your Questions About Foreclosures

Your Questions About Foreclosures

Your Questions About Foreclosures