Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Robert asks…

Where can I recieve a free list of foreclosure homes from?

Your Questions About Foreclosures

The Expert answers:

Try this Site: www.realmoneyideas.com Go to the

“Real Estate” page. Look near the top of the page where you

can have unlimited searches for free for 7 days.

I would not work for free for 7 days but that company will.

Your Questions About Foreclosures

Sandy asks…

Is there some kind of way I could get a free list of foreclosure homes?

Your Questions About Foreclosures

The Expert answers:

Go to the courthouse and ask the clerk where they list the foreclosures, then go to the list and write down the numbers to each house you are interested in. Then take your list back to the clerk and them to pull the files. All the information is there for you.

Your Questions About Foreclosures

Donna asks…

Are lenders going after borrowers who’s homes had been in foreclosure to recoup their money?

The money would include the mortgage balance, fees, and any other costs associated with the foreclosure. Is it a general practice for lenders to seek money from borrowers if the home sells at auction and the lenders not getting their full asking price that would recoup their potential loss?

Your Questions About Foreclosures

The Expert answers:

Yes, of course. They are legally obligated to protect their investors interest and recover the money. Those people took cash money and spent it on a house, they still need to return the money, it belongs to the banks investors.

Your Questions About Foreclosures

Sandra asks…

Does anyone know the 1-800 number for the foreclosure list on homes in your local area?

I heard this ad on the radio 2 days ago about a 1-800 number that you can call to get a list of foreclosures in your area. It’s hard to buy a home that is way above what you can afford and that’s why I need that number. So, if you know it, please help me. Thanks

Your Questions About Foreclosures

The Expert answers:

As the last poster said, most of these services are scams. They will get you listings, but a realtor with experience in REO properties could do this for free. Also, the intel that you get from these 1-800 services is often woefully outdated or inaccurate and therefore just about worthless. What good is it for you to call and inquire about a home that foreclosed a year ago. Still, the service gave you a list of foreclosures, so therefore you won’t have room to complain or get a refund.

Also, if you are a first time home buyer, you might want to really think twice about buying a foreclosure. Often they have been trashed by angry former owners and they might have a lot of issues. This is compounded by the fact that they are most often sold by the bank as is. Therefore, if you fail to get a home inspection, and purchase the home, you are screwed if any major issues arise.

Remember, a 30,000 house is no bargain if you have to spend an additional 100,000 to make it habitable.

Your Questions About Foreclosures

Joseph asks…

How can I bid on homes in foreclosure during the online auction?

Bunch of garbage when I search online auction. I would like to find the company that is actually doing the auction. I do not have a specific property in mind I would just like to know when one is coming up in my area.

Your Questions About Foreclosures

The Expert answers:

You could only do that if the specific lender offers an “online auction” process. There is no “universal” foreclosure online auction site.

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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