Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Susan asks…

Where do you get information about a foreclosure that will be sold at the couth house ?

where do you get the information on a forclosure that will be auctioned at the court house steps such as address,size,price,value,owner,and taxes? Need Your Help?

Your Questions About Foreclosures

The Expert answers:

The sheriff’s office and county recorder.

Your Questions About Foreclosures

Carol asks…

What’s the best website for foreclosure information?

I’m looking for a house, and am interested in looking into the foreclosure market (in Los Angeles, in particular). I’ve been to Foreclosure.com, PropertyShark.com, and others, and I want to know which is the best one (most accurate, up-to-date information).

Your Questions About Foreclosures

The Expert answers:

Hi hugepark
To make things easy and simple just visit this site http://www.lacountypropertytax.com/portal/default.aspx
Its the L.A county office website, they will have all the info on Properties for foreclosure and to make the learning curve enjoyable I suggest you get this book at http://www.theadventurecouple.com/htmlredir.html
It explains every detail about the subject of Tax lien investment.

Don’t resist to call the County office they have a wealth of information and their number can be found on their site

Your Questions About Foreclosures

Chris asks…

How can I find out if I can buy the current house I am renting that is going into foreclosure?

We are renting a house that we recently found out is going into foreclosure. We love the house and would like to find out if we could buy it. The people we are renting it from moved to another state and are giving us a hard time and will not give us any information on the house is there anything that we can do so we don’t screw ourselves over in the end?

Your Questions About Foreclosures

The Expert answers:

Find out who the mortgage / loan holder is (i.e. Who is foreclosing) and FIRST make sure they are well aware that you are legitimate tenants. Keep in contact and find out when the house will be up for auction & what the bidding requirements are …

You then need to discover what the price is likley to be … And put in place the finance to cover. You can then go bid on it. If you win, it is likely you have to put down a sizable deposit immediately and arrange for the rest to be paid over within a very short time.

Your Questions About Foreclosures

Sharon asks…

I am thinking of letting my house go into foreclosure, I live in Michigan?

and I have a home equity line of credit also (2nd mortgage). What will happen to the equity line of credit. Will they come after me for that? Will I still need to make my payments? Or does anybody know where I can find information on foreclosure in my state?

Your Questions About Foreclosures

The Expert answers:

Keep in mind that choosing to let your home go into foreclosure, may be considered fraud down the road.

I suggest you explore all of your options.

Credit Counseling and Housing Counseling is provided by at least these three sites.

Http://www.nfcc.org/
http://www.hud.gov/local/index.cfm?state=mi on right hand column
http://www.michigan.gov/mshda/0,1607,7-141-45866_47905-177801–,00.html

Or, a foreclosure attorney may be a choice

Or, a “short sale” may be a choice.

All of these sources will have options, and yes, as mentioned there are additional programs in the works and one was initiated March 4th. You may or may not qualify for any of these programs.

I wish you well.

Your Questions About Foreclosures

Mandy asks…

how can I find a free record of properties if the house is a foreclosure?

We just put a bid in a house that is a foreclosure, but we are very curious to know why is a foreclosure, is a 6yr old house, very beautiful in south irving,Tx and I been surffing the net looking for any information I can gather. Any suggestions?

Your Questions About Foreclosures

The Expert answers:

The beauty of the house is not a factor. In fact, that’s probably *why” the house is in foreclosure…because the buyer fell in love with it, couldn’t afford it, didn’t pay the mortgage and went into default.

There is no risk here that the owner was an axe-murderer and the government seized the house. It’s also not possible that there is some hidden problem with the house.

Remember, it got foreclosed on, it wasn’t sold or rented out. No one intentionally lets there house get foreclosed on if they have the money to pay the mortgage, but don’t like something about the house itself. That only screws them for several years to come.

It’s completely safe when a house is in foreclosure to assume that the mortgage wasn’t being paid, as it the case right now with millions of Americans.

I suggest if you love the house, have a stable and secure income (unlike the previous resident), and can afford it, BUY IT and enjoy!

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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