Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

George asks…

How can I find foreclosures before they are listed???

I know of court houses and such, but on the web is there any FREE (it is public info) services to locate these???

Your Questions About Foreclosures

The Expert answers:

I don’t believe there is anything on the net. However, mortgage companies are required to publish 3 notifications of foreclosure (at least in Colorado). You can find these in your local newspaper. Good luck.

Your Questions About Foreclosures

Betty asks…

is there a way to look at REO properties with out having to sign up for a service?

Specifically those listed on realty trac. like this:http://www.trulia.com/foreclosure/3035979542–Jasper-St-Philadelphia-PA-19134

Thanks for the help.. No spam or I will mark it. TY

Your Questions About Foreclosures

The Expert answers:

Most major banks list them on their reo properties on thier own websites these days. And since all bank properties are reo that means you don’t have to search through all of a real estate agent’s listings to find them.

Your Questions About Foreclosures

Lisa asks…

How do I find foreclosures in Oregon (maybe Coos Bay) — without giving out my credit card to a service?

My wife and I are moving back home from Tennessee to the Coos Bay, Oregon area and we would like to look at what foreclosures are available. I know there are several services that take your credit card and give you a list — but I am wondering if there’s an easier/free way to do it?

I doubt a realtor is going to tell you because they work off a percentage and there really isn’t a “seller”.

Do I go to the court house? A bank? Is there a government entity that handles this?

Thanks for your time!

Robert

Your Questions About Foreclosures

The Expert answers:

FreddieMac Homes http://www.homesteps.com/hm01_1featurese…

HUD Homes http://www.hud.gov/homes/index.cfm

Fannie Mae Homes http://www.fanniemae.com/reoSearchApplic…

VA & Other Homes http://www.ocwen.com/reo/residential/res…

Most are listed with real estate offices anymore & any agent could pull them for you.

22 Years Washington State Real Estate Experience ~ Associate Broker since 1991

Your Questions About Foreclosures

William asks…

Don’t Realtors represent themselves FIRST and everyone else second? They always have first dibs on a house.

When a person attempts to sell a house, a prospective Realtor will ALWAYS know why the house is being sold and how much the seller wants. Realtors can legally buy the house without ever listing it. The result is that only houses that Realtors don’t want are listed on the multiple listing services. Therefore, the fact that a house is listed and NOT sold proves that the seller is asking too much. For if the price was correct, at an arms length, a Realtor would have bought it. I know a big time Realtor/Broker /Realtor Association President who has a website allegedly for “helping you out of foreclosure NOW”. But the name of the website is in his “dummo” sons name, but the telephone number and address are the fathers Realty offices. If you check on the owner of the website, its owned by the Realtor. The Realtor is an active investor. So, that means if the Realtor takes a listing using his name, that he doesn’t want to buy it because it is priced too high since he didnt buy it..

Your Questions About Foreclosures

The Expert answers:

There’s a lot of assumptions, but I’ll only tackle a couple.

1st off, a lot of REAL investors get a lot of great deals from realtors. The fact of the matter is that most agents aren’t investors, in fact, there are more agents that don’t even own their own home relative to those who do.

Realtors, aren’t investors by trade, they facilitate a transaction. Being a successful investor and being a real estate agent are two different things.

Your assumption is WRONG, which is a good thing.

I leave the rest for others to tackel

Your Questions About Foreclosures

Susan asks…

Home loan foreclosure?

my home is close to forclosure and a company said they can help me it was a late phone call so i didnt listen to it all but i guess the company will contact its list of lenders and try and get it stopped by a refi or something, just seeing if anybody else has used this service or knows anything about it

Your Questions About Foreclosures

The Expert answers:

I doubt they are trying to refi you unless you have substantial equity in your property. Lenders will not extend you another loan with late payments on your existing loan.

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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