Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Mary asks…

why are so many homes going into foreclosure and the president isn’t doing anything to help when many said he.?

was going to help reduce the rate of home foreclosure. i have friends and family members that are going through this & i look at them struggling with banks and fake people who try to help in this.

Your Questions About Foreclosures

The Expert answers:

You need to visit www.makinghomesaffordable.gov

There ARE plans in place to assist families with troubled mortgages who are at risk of foreclosure.

Having said that, the plans may not be able to help everybody. The available plans exist to help those families that have a reasonable chance to get out of their situation and who have acted with at least some responsibility.

Meaning you may have specific circumstances where homeowners are so bad-off foreclosure was going to happen under any circumstance.

The government programs do not exist to wipe out the practice of foreclosure. Foreclosure exists for banks to secure assets on loans that have gone bad. This is only fair.

Foreclosures have always existed, in the best of times and the worst of times, and while unfortunate, it is a reality in a free market society. Lending could not occur if every debtor could simply get a loan, keep the asset and move along without paying for the loan. It was a “loan” after all, not a “give”

Your Questions About Foreclosures

Thomas asks…

Where do I look to find foreclosure homes in NJ and PA?

We are looking for a great deal on a home and we want to look in the best possible places for homes

Your Questions About Foreclosures

The Expert answers:

Go to the web site www.hud.gov, on the left side click the link hud homes, once that page loads look on the right side for listings from other agencys, they have all the homes from the govt on there.

Your Questions About Foreclosures

Daniel asks…

How can I find out foreclosure homes in my town??

I live in Brownsville, Texas and want to buy an affordable home. I know there are forclosure homes in town because I’ve looked for them on the web, but it only gives you a street name but nobody to contact unless you pay to get extra info. Anybody know where I can call or go to get this info.

Your Questions About Foreclosures

The Expert answers:

Take a look at www.realestateofficestore.com and use the RealtyTrac site and also forecloser.com free trial. Just click on your State first.

Your Questions About Foreclosures

Charles asks…

Being that the stimulus bill has pass will I still get a good deal on foreclosure homes in 2010?

Saving up for a home this year but probably will not be ready to buy a home until the beginning of 2010…Living in Charlotte, NC don’t know if the values of the homes will go up..

Your Questions About Foreclosures

The Expert answers:

You will get a good deal regardless, but you have to realize that the stimulous bill will have restrictions in it. It will also not likely be a flat dollar, but rather a percentage of the purchase price with a ceiling. Then again, it will likely be a tax credit and you will be forced to apply for it through the filing of your taxes.

Outside of that, there are thousands of fantastic deals out there now and rates are not likely to get much lower. There are great finance vehicles out there now for you to be able to purchase now.

Your Questions About Foreclosures

Betty asks…

What website or company will allow me to purchase foreclosure homes for commercial use?

I’ve tried sites and when I read there terms on polocies, it states that purchases can not be for commercial use. I’m trying to start a company based off of foreclosures but I cant seem to find a company that can help me in my dream. Please help!

Your Questions About Foreclosures

The Expert answers:

As long as you are prepared to pay cash for your purchases, you can buy at sheriff’s sale or directly from the bank. It is only if you want financing that you will struggle.

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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