Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Michael asks…

What is the best way to find local foreclosures?

What is the best way to find local foreclosures?…also preferred a refrence that is free if possible?

Your Questions About Foreclosures

The Expert answers:

Look no further than the Yahoo you’re using now.

Below the link for Answers you’ll find a link for Real Estate. Just click that and you’ll find a tab for foreclosures. You can search for foreclosures by city/state or zip.

Your Questions About Foreclosures

Thomas asks…

How do Foreclosures affect the Supply and Demand curve in the housing market?

Ex) demand would go up..or supply?
.
And more specifically- how do foreclosures affect consumer and producer surplus?
Thanks!

Your Questions About Foreclosures

The Expert answers:

As we all know, it forces the house price down, the supply increases and floods the market. The building of new houses come to a full stop.The banks will not give the loans so easy. Some buyers have a credit black list. The government has intervened the market so far to prolong the foreclosure. But the damages were en mass beyond the help.

Your Questions About Foreclosures

David asks…

What is the latest news on help for foreclosures?

The gov has been working on a solution to help avoid foreclosures but I am having a tough time finding the latest news on what the plan is. Can anyone steer me in the right direction?

Your Questions About Foreclosures

The Expert answers:

So far there are no plans that are not bail outs.

Bail outs will destroy the economy.

They need a plan to let people refinance, with no cash back, for a capped rate, but not changing the principle balance.

Your Questions About Foreclosures

Nancy asks…

How strict is Provident on foreclosures – anyone dealt with them?

Friend of mine is losing her house and her mortgage lender Provident seems to be one of the strictest as far as getting what they want during foreclosures.

Has anyone out there dealth with Provident and received a 1099 after the house goes up for auction or has been pursued like crazy during the foreclosure. They seem to be much more agressive than other lenders out there right now.

Your Questions About Foreclosures

The Expert answers:

Well, you friend does have a whole bunch of money that belongs to that bank. They obviously are letting your friend keep it, that is what the 1099 is for, so your friend can pay income tax on the money she actually got away with stealing. They are do that, that can’t legally allow her to keep the money tax free.

Your Questions About Foreclosures

Sharon asks…

How do you find free listings for bank foreclosures?

I’m shopping for a house in St. Petersburg, Fl and, like everyone else, am trying to get the most for my small amount of money. How do I get a free list of bank foreclosures?

Your Questions About Foreclosures

The Expert answers:

Frequently this is done at sheriff’s department ( as sheriff holds auction) for the county in question. You may also check the county administration bldg., tax assessors office/ auditors office for a current /updated list.

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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