Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Linda asks…

Why can’t I get a free listing of foreclosed homes for sale? I don’t want a “free trial”! Thanks.

I’m looking specifically in the Chicago area.

Your Questions About Foreclosures

The Expert answers:

I’ve found that realtors don’t divulge this information easily, but if you contact the Town Hall in the city or town you are interested in, they will give you a list. I got one and they even mailed it to me!

Your Questions About Foreclosures

Susan asks…

How can obtain information on foreclosed/REO homes for sale by the bank?

I called a couple of banks and they said that they don’t have a list and
to just check the internet. But that just gets me to square one. The listings on the net are very vague and have misinformation that lead me nowhere. I’m going crazy…Please help

Your Questions About Foreclosures

The Expert answers:

Check your local newspaper they usually advertise them in there. Also you could call your local courthouse, their the ones that do that sort of thing. (auctioning houses off) Believe me I know because a x of mine did that with our house.

Your Questions About Foreclosures

Ruth asks…

foreclosed homes for sale in LA?

I was just messing around looking at real estate prices in LA because my gf & I have been thinking of moving to a warmer state. How do forclosed homes in LA work, I was on a real estate site and was finding 4000+ sqft foreclosed homes for $75,000. Obviously I am missing something, can someone fill me in on how this works? thank you

Your Questions About Foreclosures

The Expert answers:

If that exists it’s not in LA, it would be in Riverside or San Bernadino Counties where 1 in 5 houses is in foreclosure and they had to tear down homes that were never lived in because there was no one to buy them.

Your Questions About Foreclosures

Steven asks…

Where do I look for foreclosed homes, sales, and repossessions.?

Your Questions About Foreclosures

The Expert answers:

Your county website may have a list, HUD website will have a list, some banks websites will have lists. Otherwise you can go to the county offices and search for newly defaulted mortgages.

Your Questions About Foreclosures

Mary asks…

How to find foreclosed houses for sale.?

What’s the best way to find foreclosed homes for sale without having to deal with Real Estate Agents?

Your Questions About Foreclosures

The Expert answers:

Regardless of how you find foreclosed properties, you will end up dealing with real estate agents anyway. The only lenders who will deal directly with buyers are smaller local banks which have kept the mortgage “in house” and have not resold the loan.

The big lenders (Wells Fargo, Bank of America, Deutsche, etc.) all dispose of their foreclosures through local area real estate brokerages. While you can find lists of their owned properties on their websites, you will be directed to the listing agency for further interest. Understand that over 95% of foreclosed properties are handled by real estate agencies.

The nationwide lenders simply do not want the hassle of dealing with buyers in fifty states, all of which have varying degrees of differences in real estate rules, documents, etc.

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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