Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Mary asks…

How can I look at foreclosures for free?

I think that the house behind me has gone into foreclosure. I would like to purchase the property, but every site I visit requires some sort of payment. There are no legit free ones. How can I find out if it has been foreclosed on without embarrasing my neighbors by asking?

Your Questions About Foreclosures

The Expert answers:

The courthouse should have that information as it is legally documented & public information.

Also try the HUD office or website or your local legal postings newspaper (most communities have these unpopular periodicals that list legal notices ie divorces, hearings, foreclosures, etc).

Your Questions About Foreclosures

Donna asks…

What will the amount of foreclosures do to the real estate market?

I have not been able to find the numbers, however from what I understand banks have a significant amount of them on their books. What I mean by significant is that there are enough that might matter to new developments.

Your Questions About Foreclosures

The Expert answers:

I don’t think anyone can give you an exact answer, and it varies market to market as well. Still, I think (though foreclosures are a huge problem) it might help to look at the problem diffrerently. If there are 100 million houses and 100 million people who want to and can buy the places and the market is growing (ie the popultion is going up) then all available houses will get bought and more will be needed to house the growing population – doesn’t matterif the houses are foreclosures are not, they will get bought, at the right price. The problem is, when the real estate market bubbled, they was way to much overbuilding, so in many areas there are more (sometimes alot more) houses than people who want to live in them. So, how bad is the overbuilding in your area, and how long before the population will grow to suck up the excess.

Anyhow, I believe the overbuilding will hold back the market for years, but eventually the excess will get bought and things can start moving along again. For some areas the excess is already gone, but for others this process could take 10 years plus.

Your Questions About Foreclosures

Laura asks…

Do you think Obama’s moratorium on foreclosures will mean disaster for mortgage lenders?

Obama promised a 3 month moratorium on foreclosures. Do you think that by blocking banks from foreclosing on mortgages that are in default will make even more people who are struggling decide not to meet their mortgage obligations?

Your Questions About Foreclosures

The Expert answers:

He speaks only for the people who have shown good faith and one who are trying and only for the banks that have been bailed out

So…no will not mean disaster…for the bnks BUT will be disaster for people who just got pink slips all over the country….time to help those who help themselves!!!

Your Questions About Foreclosures

George asks…

Where can I find home foreclosures for free on line?

I live in Ohio and am looking to purchse a home. I’ve been trying to find repossed of foreclosed homes on line but all the sites I find want me to pay a subscription or member fee. There has to be public records somewhere. Any suggestions would be great!

Your Questions About Foreclosures

The Expert answers:

I’m in the process of purchasing a foreclosure myself, and I found quite a few on Craigslist. If you know a realtor, they can also search the MLS for bank owned homes, and send you a list. Just give them your specifications, and they’ll send you what’s available. There are tons of foreclosures right now in Vegas, great time to buy. Hopefully the market is the same in Ohio…=)

Good luck…

Your Questions About Foreclosures

John asks…

How do i go about looking at foreclosures?

Can any real estate agent show them or do they have to specialize in foreclosures.??

Your Questions About Foreclosures

The Expert answers:

Any agent can show them but there are agents who specialize in foreclosures. I recommend one of the ones who deal with foreclosures on a daily basis

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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