Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Jenny asks…

Does anyone know anything about tax foreclosures?

The housing market is in a crisis right now and i know that many ppl are going through foreclosures.I don’t wanna get a mortgage or rent if i can just learn more about foreclosures and how to get a home that way. So how do i purchase a home that’s been foreclosed?

Your Questions About Foreclosures

The Expert answers:

There are generally two types of foreclosures – tax forclosures, which occur when a city or town takes a person’s property because they failed to pay taxes and mortgage forclosures, which occur when a person fails to pay their mortgage and the bank takes their property.

You can find out about tax foreclosure by contacting your local tax assessor’s office – if they don;t have the information, they should be able to direct you to the office that will. To find out about other types of foreclosures, check the legal notices section of your local paper – most states require that the entity foreclosing publish a notice.

Be warned, though, you usually cannot inspect the property before buying it. Also, make sure that you know the rules of the auction before going. In New York, they require 10% of the bid price, in cash or certified funds.

Your Questions About Foreclosures

Nancy asks…

Is there a place to get information about foreclosures without having to pay a fee?

I’m interested in where the homes are and what the prices are but all of the websites that I have found with the info. are charging a fee.

Also, in your opinion, would you buy a home that was in foreclosure or would you not do it because it may be like gaining something for someone else’s loss?

Your Questions About Foreclosures

The Expert answers:

If you are looking for just a website to browse.. Then no. But you can work with a realtor at no cost who has access to foreclosures and their details. 😉

Your Questions About Foreclosures

Ken asks…

How can I get a list of foreclosures in my area and surrounding area for free?

I see all these bs websites that are asking for my cc info!

Your Questions About Foreclosures

The Expert answers:

Very similar to some of what people are asking on here.

Most foreclosures are owned by banks or serviced by banks, and the biggest of them all is Countrywide/Bank of America. You can find the site here:

http://www.investingwithoutlosing.com/2007/08/foreclosure-homes-how-to-find-bargains.html

I want to go ahead and forewarn you that you should not be jumping into foreclosures unless you know how to do proper due diligence, from looking at liens to other issues of the title. Read up on the law, or read up with a quick step by step book (recommendation below).

Have a good one.

Your Questions About Foreclosures

John asks…

Where can I find a list of foreclosures without paying for the registration?

I have looked and looked and looked for a website that is totally free to look at the listings pictures and all the details. Someone please help me out!!!

Your Questions About Foreclosures

The Expert answers:

You can sometimes go directly into bank websites and find them.
Just type foreclosures in the search box – or look around for a link.

You can also go to sites like Century 21 and see the foreclosed home listings.

Also, a realtor has this information at his/her fingertips.
Get yourself pre-approved for a loan at a bank so that a realtor will treat you with the respect you deserve.

Don’t pay any site for this – they will simply charge you $49.99 for a list of old foreclosures that have already been sold…

Your Questions About Foreclosures

Steven asks…

What initiatives should US presidents take to stimulate the housing market and stop foreclosures?

What plans should be set in motion to stop foreclosures?

Your Questions About Foreclosures

The Expert answers:

If everyone stopped buying homes we’d see a quick turn of events. Right now the banks make borrowing harder, but if we didn’t buy anymore, they would somehow find it in their hearts to be more lenient.

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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