Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Betty asks…

Whats all involved in getting a foreclosure home?

Im looking at foreclosure homes and i saw some that was VERY cheep….is it real?? Whats the catch?? what all do you need to get a foreclosure home? for instance…if there is a foreclosure home thats saying the house is $200.00 and it says the down payment is $30.00, is that all you pay???
It is already through a real estate.

Your Questions About Foreclosures

The Expert answers:

Yes, that is all u pay. But u r just using these numbers as an example, right?

I would hire somebody to help you that know more about it or study up on buying a foreclosed home.
Many of them have been trashed or need fixing.

Your Questions About Foreclosures

Ken asks…

Do Repubs not realize if their neighbors homes are in Foreclosure that their own property values decrease?

Of course trailer parks do not really have much equity anyway do they? We who actually OWN property would prefer to not see out neighborhoods racked with foreclosures.

Your Questions About Foreclosures

The Expert answers:

If all republicans live in trailer parks, then all liberals are socialists.

Your Questions About Foreclosures

Sandy asks…

Where can I get a free list of homes going into foreclosure? Or FSBO?

I want a list that gives the address and I don’t want to pay for what seems to be public information. I just want to see if there are any good deals out there.

Your Questions About Foreclosures

The Expert answers:

This is the most common question I see in the Renting and Real Estate section of Yahoo! Answers. Here is my answer, although there may be better answers out there.

Bank websites: Bank of America and IndyMac Bank are two of the largest mortgage companies in the US. They both list their REO property on their websites. Some other banks, such as Washington Mutual (The largest mortgage lender in the US) do not post their REO on their site. If you know of other bank REO links, please let me know.

Government websites. The majority of foreclosed homes are returned to the federal government. The agencies insuring homes include HuD, Fannie Mae, Freddie Mac, VA and USDA. There are links to all of these and more on the HUD website at hud.gov click on buy a hud home and it will take you to a state specific link. VA and Ocwen foreclosures are listed at http://www.ocwen.com/reo/home.cfm Fannie Mae properties are at http://www.mortgagecontent.net/reoSearchApplication/fanniemae/reoSearch.jsp?p…

Traditional sites. Sites such as realtor.com list foreclosures. You can search them yourself by simply limiting the price in the area in which you are looking. Put in a price that is about 20% less than the going rate in your area. Foreclosures will generally say “corporate owned.” You may also find some non-foreclosure homes that are a bargain this way.

Public Records: Check your local legal notices at http://www.publicnoticeads.com This is a free search but not all areas are listed. You can check online to see if the county recorder in the area in which you would like to purchase has online access. If they do search for Lis Pendens and you can follow the home through the entire foreclosure process. Search on Deed and put in the name of your local sheriff as grantor and you will get only the houses that have gone to auction.

Your Questions About Foreclosures

William asks…

What are some good websites to find homes on foreclosure, pre-foreclosure, or auction?

Your Questions About Foreclosures

The Expert answers:

Contact a local realtor to get a free list.
Any website is going to want to part you from your hard earned money.
If you go to realtor.com, you would have to do the reseach yourself to see which listings are bank owned.

Your Questions About Foreclosures

Maria asks…

Do you think the homes that are foreclosure could be rented for a low prices or?

be occupied by tenants rent free if the tenants agree to keep it clean manage or fix it up before its sold again. I think it would help the homeless people if they had this chance.

Your Questions About Foreclosures

The Expert answers:

I’m doing it right now! I moved in a condo for rent in August…In September I started getting forclosure notices…I paid October rent but stop paying after that…living rent free right now!

The foreclosures are getting out of control…people getting kicked out of these houses and these houses are abandon…and a health hazard….i think the that when a home goes in foreclosure the previous owners/tenants should stay until it is bought by someone else and not the bank….

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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