Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Daniel asks…

Need to find a website for Foreclosed homes?

I am looking for foreclosed homes In Oklahoma. I need a good website that’s free and not a joke.

Your Questions About Foreclosures

The Expert answers:

Contact any Realtor.

Once a property’s been foreclosed upon, the bank owns it. It’s called REO (real estate owned). At some point in the future, the bank will put it back on the market. When it does so, it’ll list it with a real estate agent. And that means it’ll go into the MLS.

Your Realtor will be able to set up an automatic search, so that every time a new foreclosure goes into the MLS, you’re automatically notified via e-mail.

And you will have to work through a Realtor. Banks do not sell individual properties to individuals. They list them.

Hope that helps.

Your Questions About Foreclosures

Ken asks…

Where can I find free listings, and by free I mean no $, for foreclosed homes?

I’ve been looking around online for free public listings of foreclosed homes and it seems that nowadays free comes with a charge. I must know if there is a source for this information without having to deal with the middle man, whom is using the same info as the rest of the listing sources that charge for the same ‘free’ service. I noticed they’re ALL the same. The only difference is, its under a different website. Any thing for a buck these days…

Your Questions About Foreclosures

The Expert answers:

Banks don’t advertise their foreclosed homes. They list them with Realtors. Talk to a Realtor that represents buyers. It won’t cost you anything because the seller pays the commission through the listing agent. A buyers agent has your best interest in mind.

Realtor.sailor

Your Questions About Foreclosures

Paul asks…

Does anyone know how i can obtain a free list of foreclosed homes?

I’m looking to buy another property for a second income now i cant find any place that will let me see foreclosed homes without having to pay for a stupid membership that is going to jerk me. Does anyone know any other way of viewing these homes whether its going to an agency internet, etc without having to pay?

Your Questions About Foreclosures

The Expert answers:

Your local city hall will have all of those listings. Most of the time, you have to pick them up in person, but it is well worth the trip. Good luck

Your Questions About Foreclosures

David asks…

What are the particulars on buying homes that have foreclosed?

What actually happens when a foreclosed home is purchased. is it better to buy a foreclosed as apposed to buying a home under regular circumstances. what are the advanatges and disadvantages. I own a home in baltimore county md.

Your Questions About Foreclosures

The Expert answers:

The banks and lenders are more motivated to deal as opposed to the actual homeowners. They are more apt to do a short sale, fix the house up or offer a loan incentive. Lenders are in the money business not the real estate business. Homeowners take everything to personal lenders look at the bottom line. There could be new laws coming requiring lenders to keep up the foreclosed houses or face fines, that will motivate them even more to get rid of them. Just ask the lenders for a list of their REO’s (real estate owned)

Your Questions About Foreclosures

Steven asks…

where do i find home inspectors for foreclosed homes?

I recently wanted to purchase a home that was foreclosed but the home inspector could not check out the electrical and plumbing because it was not turn on. Where can I find people who would do that? I was thinking about contractors.

Your Questions About Foreclosures

The Expert answers:

In your purchase offer contract, you should write that the utilities shall be turned on and working for inspections. Otherwise, the banks have no incentive to do so.

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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