Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Susan asks…

What is the simplest wasy to go about acquiring foreclosure homes?

Your Questions About Foreclosures

The Expert answers:

Go to the company that forclosed on it

Your Questions About Foreclosures

Donna asks…

Where can I find a list of foreclosure homes or soon to be foreclosed?

Your Questions About Foreclosures

The Expert answers:

Http://www.buyforecIosure.com

Your Questions About Foreclosures

Carol asks…

Where can I find a free online listing of foreclosure homes for FL?

Your Questions About Foreclosures

The Expert answers:

Free Foreclosure listing’s…

Your Questions About Foreclosures

Sandra asks…

does anyone know where i can find foreclosure homes?

I’m watching t.v. and a show came on about foreclosed homes that are really cheap. so i decided to look into it. i tried looking for it on yahoo but i didn’t really find much.

Your Questions About Foreclosures

The Expert answers:

No. You won’t find much on Yahoo.

In brief, let’s break it down into two categories. Often on the infomercials they’re talking about “tax foreclosures.” Tax foreclosures occur when taxes (usually property taxes) haven’t been paid on a piece of real estate. The foreclosures are performed by states or counties–those to whom the taxes were owed but not paid. Bargains are rare there. Most of the properties or land are worthless. However, sometimes you can find a deal. Usually, tax foreclosures are auctioned off once or twice a year. For information, do an online search for “[county or city] tax assessor.” That’ll bring up the general office or department. Then search there for tax foreclosures. Or call the main contact number that’s listed and ask when tax foreclosures are auctioned.

As for other foreclosures–those begun by banks or lenders–those are listed with Realtors. Basically, a bank forecloses and takes back the property. It now owns the property. At some point, it lists the property with a Realtor; the property’s put into the MLS; and the price generally drops until it’s sold. That accounts for most of the foreclosures on the market. But those aren’t the ones you see promoted on late night TV shows. For these foreclosures, call any Realtor.

Hope that helps.

Your Questions About Foreclosures

Robert asks…

i have three homes and im letting two homes go under foreclosure what will happen to my third new home?

my first two homes i took out ALL the equity in order to get my new home. and i let my other two go under foreclosure. will anything happen to my new home. they are all under the same lender. my new home is worth more than over 400,000

Your Questions About Foreclosures

The Expert answers:

If you live in a state where deficiency judgements are not allowed, then nothing. Will happen. Your credit will suffer and you won’t get a mortgage again for quite a while. But there should be no reason to fear losing your residence. Don’t take my opinion, or the ‘expert’ opinion of YA users – get some free legal advice to be sure.

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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