Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Paul asks…

Are there any reliable, free websites that list foreclosed homes for sale?

I’m looking for a house in Florida, preferably in Seminole County. I’ve been looking at the foreclosed homes and there seems to be some pretty good deals on them. But a lot of sites require a membership or something to use them.
Do you know of any sites that list detailed information on homes that are in foreclosure and being sold? (a few sites show the address of said homes, but no information or pictures).

Your Questions About Foreclosures

The Expert answers:

Save your time; hire a real estate agent as a BUYER’S AGENT and tell him or her
that you want a home priced………at A or B in such and such a location;
the seller will pay for the agent’s time.

Your Questions About Foreclosures

Charles asks…

How do you find foreclosed homes for sale?

Where I live in the Midwest, foreclosures aren’t advertised that’s for sure so I have no idea how to find out about them.

Your Questions About Foreclosures

The Expert answers:

If you are seeking homes that are already in foreclosure you may find them several ways.

#1 If the lender completed foreclosure procedure, the sale is complete, no successful bid was accepted on the property, the lender became the owner of the property all legal work is done giving title to the lender, the lender will now place the completed foreclosed property on the market for sale through a local real estate brokerage firm.

You may contact any real estate agent and see if they are the ones with a contract to sell foreclosures for a lender.

#2 If you are speaking of getting a foreclosure after the lender has recorded the Notice of Default but not the Notice of Sale.

A. These are listed in your local papers, perhaps not all but a few that your local newspaper has decided to print as a matter of public service.

B. You may subscribe to a service that list these foreclosures. They sell the foreclosure list in print form as well as a lot of them are listed on the Internet. These services normally list the foreclosures as they are listed each week from the county recorders office.

C. They are listed at the county court recorders office and are available for the public to see at anytime the recorders office is open to the public. Call for their business hours. They will assist you in compiling a list.

#3. If you are looking for pre-foreclosures. That is the borrower has not made his/her monthly payments for awhile, but the lender has not yet recorded a notice of default with the county court recorders office.

A. You may place an ad in the local paper telling of your service and desire to purchase houses of those that are behind in their monthly payment.

B. You may work a certain area of your city advertising your services and indicating that you are in the business of helping those that are behind in their mortgage payments.

In #2 and 3 you will be dealing with the home owners, therefore you must have the necessary skills to make and enter into a contract of sale, finding and opening an escrow or closing agent to include finding a title company, finding a mortgage broker to get the necessary mortgage to finance the property you are buying.

Though the process is simple if you contact a mortgage broker for financing, he/she will point you in the right direction to close your transaction and help with getting the other professionals needed to help in closing your transaction.

I hope this has been of some use to you, good luck.

“FIGHT ON”

Your Questions About Foreclosures

Daniel asks…

What are some websites that display foreclosed homes for sale without having to sign up?

Your Questions About Foreclosures

The Expert answers:

None. Foreclosed homes are owned by the banks/lenders. These properties costs them money each day they are on their books. Lenders are in business to make money, not lose money. And there is no emotion in their doing business. All foreclosed homes are listed with Realtors at some point deemed necessary by the lender. If you would like to buy a foreclosure, you’ll need to be pre qualified first, then find a Realtor knowledgable and experienced in handling these types of transactions.

Your Questions About Foreclosures

Lizzie asks…

What’s a trusted website that has bank foreclosed homes for sale?

Please help, I’m looking to buy my first home.

Your Questions About Foreclosures

The Expert answers:

Banks don’t sell their foreclosures ( called REO – real estate owned) they list them with Realtors. Contact a local Realtor and make sure they are experiended with buyintg foreclosed homes.

Realtor.sailor

Your Questions About Foreclosures

John asks…

What is the best free website to find foreclosed homes for sale?

Your Questions About Foreclosures

The Expert answers:

No free ones give timely info, realtytrac has a free trial

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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