Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

William asks…

I want to specialize in foreclosures. Who would I speak with at the banks?

I am starting a junk removal company. I want to specialize in foreclosures. Who would I speak with at the banks?

Your Questions About Foreclosures

The Expert answers:

Ask for the department that handles REO’s. That stands for Real Estate Owned properties that did not sell at the foreclosure sheriff sale and were returned to the banks. The banks will try to get them listed with a real estate agent to sell them but they will need preparation after the current tenants are evicted.

Your Questions About Foreclosures

Charles asks…

What are homestead exemption rights as they pertain to Real Estate Foreclosures?

What are homestead exemption rights as they pertain to Real Estate Foreclosures, and what legal body has them posted on the net for the state of California?

Links would be great. Thanks in advance!

Your Questions About Foreclosures

The Expert answers:

Assuming you are referring to a Lenders Foreclosure… In California, The Homestead Exemption does not protect the Homeowner against Lender foreclosure of Real Estate. The San Diego County (as do most other County Web Sites in California) Assessors Office maintains this basic Q & A section on Homestead Exemptions: http://www.sdcounty.ca.gov/arcc/services/homestead.html

Hope this helps answer your question

Your Questions About Foreclosures

Mandy asks…

What is the best search for newly filed foreclosures and bankruptcies ..HOW?

We want to search newly filed foreclosures and bankruptcies so we don’t spend months working on a property only to discover we’ve wasted not only our time and money, but perhaps others as well.

We’re told there is a free public records site through State Government where we can monitor foreclosure and bankruptcy filings, but I can’t seem to track it down. If you know how to do this search I would greatly appreciate a heads up on it. THANKS

Your Questions About Foreclosures

The Expert answers:

Each county publishes a docket of forthcoming foreclosures. I know that the bankruptcy attorneys get the list, but I don’t know where they get it from.

I would imagine you could inquire at your county courthouse. That would be a good place to start.

Your Questions About Foreclosures

Betty asks…

Can you buy government tax foreclosures from $200 and up on homes?

Does anyone know anything about buying government tax foreclosures on homes from $200 and up? I have seen things about it on television and I was just wondering if it was true.

Your Questions About Foreclosures

The Expert answers:

You have a better chance of observing a herd of cattle running down a runway at LaGuardia Airport and becoming airborne than you do of buying such properties for that sort of price. In those instances where sales occur for such low prices, you generally take the property along with other liens, such as mortgages, attached to the property.

Don’t fall for it. You’re not going to get real estate properties for $200.

Your Questions About Foreclosures

John asks…

Where can I search online for foreclosures in Michigan?

I don’t want to join any sites to see results. I thought I heard about foreclosures on Michigan.gov, but I am having difficulties finding the answers I need. Can anyone help?

Your Questions About Foreclosures

The Expert answers:

Http://www.hud.gov http://www.indymacbank.com Realtytrac also offers a pretty good site that is only $9.95 per month.

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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