Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Robert asks…

What website has COMPLETELY free forclosure listings?

I want to buy a foreclosed house but which website is free and up to date with foreclosure listings.

Your Questions About Foreclosures

The Expert answers:

All foreclosures must be posted at the County Recorders Office. You can find them all for free.

Attend an auction on the courthouse steps. Ask the auctioneer if she will put you on their mailing list. The auctions are weekdays at noon.

PASREO.com has all of Wells Fargo’s repos

AMTRUST.com has theirs

COUNTRYWIDE.com has theirs ( I don’t work for any of them and all are free to the public)

Your Questions About Foreclosures

Helen asks…

What is the difference between a foreclosure house and a normal listed house?

I’ve seen foreclosure houses go for 20k-50k. The houses looks pretty nice, and they look almost like the 100k-200k houses on real estate listings. What i want to know is what is the difference between those two houses? I know that a foreclosure house is a house where the family cant pay the mortage and the bank is forced to repossesse the house.
but if you buy a foreclosed house? Do you only ahve to pay the listing prices (which is REALLY low, by the way) or is tehre some sort of catch in there, like hidden fees or something?
THANKS!

Your Questions About Foreclosures

The Expert answers:

Foreclosed home is sold as is. A listed house, the home owners has made sure their home is up to standard. It should be cleaned and fully livable. As far a foreclosed house, think about it. If something needs fixing, you fix got to fix it. If it needs a new roof, they bank is not going to come down on the sells price to negotiate for the new roof. You buy it as is. The house could be perfectly fine. But, there are not extras with foreclosed homes. If the people were evicted and didn’t get to clean the house then, you buy it dirty.

If the house is listed as a foreclosure, it is owned by the bank. There may be bidding involved and there may not be it just depends on the type of sale.

Two types of foreclosure: Bank Foreclosure and a Tax Sale. If it is a tax sale. The Original owner has up to 12 months to come and pay the back owed taxes and can take full ownership of the house even though you bought it in a auction at the court house steps. Then after 12 months you are the legitimate owner of that property.

No hidden fees in a foreclosure. The only fees you are going to occur are the ones that you would normally pay during the buying of a house. Title company fees, taxes, insurance, etc. Depending on how you pay for it such as if you are paying cash or you have a lender then your fees will fluctuate.

Your Questions About Foreclosures

Mark asks…

where can you find a listings of foreclosure homes?

people keep telling me to buy a house from and i can get them cheaper. but where do you find a list of them or anything about the process

Your Questions About Foreclosures

The Expert answers:

Go to your county “records department” or it may be called “clerk of circuit court” in your area.

Your Questions About Foreclosures

Betty asks…

Are foreclosure listings real?

I live in IL… I want to move to Bolingbrook or around the area… and I was wondering if the houses you see that are foreclosed that are only 1,500.00 and crap… is that real? You can really buy a house for 1500? How much is tax usually? How do you get these foreclosures? Thanks.

Your Questions About Foreclosures

The Expert answers:

It’s listed for this price to attract a lot of attention to spur a bidding war. They want to get the highest price the quickest.

You want to do your research of the area and what properties are going for in this area. To do so go to http://www.warealestatesolutions.com/Bb

You will see some links to help you with your credit but you want to click on the link where you can get a free trial of all the foreclosure homes. This way you will be more prepared to know what is a good deal and what is not. You have to have patience to deal with a foreclosure.

Your Questions About Foreclosures

Ken asks…

What websites are informative and have a large quanity of real estate listings that will help me find a house?

I am looking for a home right now in Ann Arbor, Michigan. The websites I have been using are not that helpful and/or have a fee that I refuse to pay. What is the best way to go about looking for a new home, or even more importantly a foreclosure home? What websites work for you? How have you approached the buying market?

Your Questions About Foreclosures

The Expert answers:

Check out kw.com for Keller Williams Realty.

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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