Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

William asks…

What are good sites to find foreclosed homes in my area?

I am trying to find a website of foreclosed homes in my area. However, every time i go to a site it seems like you have to join a membership or pay a fee. I want a site that allows you a good listing of the location of the house, a photo of the house and any useful facts about the foreclosed home any ideas?
I will use a real estate agent however i would like to see the house in the picture and get a jist if its in a good neighborhood before i get proffessional help about it.

Your Questions About Foreclosures

The Expert answers:

Www.homesdatabase.com offers all home listings, but does include foreclosures. Be careful, because foreclosures can come with liens and many times are sold “as-is,” which means there could be structural issues that you are not aware of.

Your Questions About Foreclosures

Joseph asks…

How do I find foreclosed homes without purchasing memberships on various websites?

Is there a free way to find listings of foreclosed homes?

Your Questions About Foreclosures

The Expert answers:

Yes there is. First look at your local newspaper for the property that is going to be sold at the court house steps. Most of these are foreclosures, but this information is usually put out too late for you to inspect and research. Find the big law firms that are handling most of sales. Those firms usually have websites that contain their foreclosure listings. This will give you a big advantage over everyone else. MAKE SURE THAT BEFORE YOU BUY ANY PROPERTY, YOU GET A TITLE SEARCH!!!!

Your Questions About Foreclosures

Michael asks…

How can you look up foreclosed homes without payin?

A lot of people have told me to look at foreclosed homes before buying a regular house. How can I do that for free. I live in Iowa if that helps.

Your Questions About Foreclosures

The Expert answers:

Your local sheriff’s office should post pending sheriff sales of properties in the foreclosure process. It’s difficult to purchase homes at sheriff’s sale as the lenders typically will only accept an amount equal to what they are owed on the property regardless of what the property is worth. For example a home has a $200,000 mortgage on it, it goes into foreclosure and becomes distressed due to vandalism and lack of maintenance, etc, the home on the fair market will only go for $50,000. The lender will purchase the property as sheriff’s sale for $200,000. The property then becomes a bank owned property or REO which the bank’s REO department will market through a local real estate company for fair market price $50,000. Sounds crazy but that’s how it works. The sheriff sale list will give you an idea of properties that are in danger of going into foreclosure from there you will need to watch these properties and see if they end up listed with an agent.

Your Questions About Foreclosures

Jenny asks…

Who is the best foreclosed homes website search engine?

I am a single mother on a fixed income, am shopping for a house in the Corbin KY area. Have an intrest in foreclosed homes per cost, have looked around online and OF COURSE have to pay to get details on homes, was wondering which website others have had the best luck on. Dont want to waste money on a page that returns no results. Thanks!

Your Questions About Foreclosures

The Expert answers:

Don’t waste your money on ANY of those sites. Well over 95% of foreclosed properties are immediately listed withj real estate brokerage firms for disposition.

I fear that you have been ‘teased’ into thinking you can get a house for a fraction of what it is worth, Be very wary. This is not reality. Foreclosed homes sell for little below what they are worth on the open market.

Your Questions About Foreclosures

Paul asks…

How can I access information on Foreclosed homes and or Property?

I live in California, and I don’t quite understand where I would be able to go in order to find a list of all of the Foreclosed homes in my desired area? Do I go straight to a bank? A Realtor? The Community Auditor? Can anyone help me out and let me know where I should go and which would be the most efficient way of finding out this information?

Your Questions About Foreclosures

The Expert answers:

You can look right here at yahoo, their real estate site has been updated so you are able to search for foreclosures.

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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