Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Helen asks…

How can you find a list of foreclosures in new jersey?

or any other state. There seem to be so many foreclosures but how do you find out which homes are foreclosed on?

Your Questions About Foreclosures

The Expert answers:

Go down to your local courthouse and ask the court clerk where they have the list. Next, go throught the list and find out what properties you are interested in and write down the number that is with each property. Then go back to the court clerk and have her pull the files for those properties. They will all have the information you need to know.

Your Questions About Foreclosures

Daniel asks…

Is it true that banks have a lot of unlisted foreclosures?

There is a rumor that says “banks have a lot of unlisted foreclosures“.
If they would list all the foreclosures, the market would crash immediately.

Who do you think?

Your Questions About Foreclosures

The Expert answers:

No. They have a lot of properties in the pipeline. They are all coming to market but it can take a few months.

A bank would not intentionally not list a property that it needed to sell. If property is still in redemption period they do not list it.

Your Questions About Foreclosures

Maria asks…

How to get a list of foreclosures in my city?

I would like to buy a house, but I dont have THAT kind of money, so I wanted to look into foreclosures.
How would I get a list. I dont want to get scammed.
Thanks

Your Questions About Foreclosures

The Expert answers:

Check with local banks, credit unions, mortgage companies, any company that lends money for houses that may have to foreclose. You can also find real estate agents that specialize in foreclosures, especially HUD foreclosures, that will be happy to give you a listing of all the HUD homes in your area.

Your Questions About Foreclosures

Mark asks…

Home inspection, are local foreclosures really an issue when refinancing?

I’m trying to refinance my home I was told that I wouldn’t be able to because of the foreclosures in my neighborhood. I’ve looked into home inspections and can’t find anything that talks about a homes neighborhood. Are local foreclosures really an issue when refinancing?

Your Questions About Foreclosures

The Expert answers:

As long as the refi is 80% or less of the value of your home today, neighborhood foreclosures are not an issue.
A bank or mortgage company can not deny you the right to apply for a mortgage, due to the amount of foreclosures in your area. (That is redlining, and they face stiff penalties for doing that). If however the foreclosures have lowered your proerty value to the level where you are financing more than 80%, they can turn you down. This is after you have paid all the app fees, and costs for an appraisal.

Your Questions About Foreclosures

Michael asks…

Is Sarah Palin’s wardrobe a necessity when foreclosures are hitting americans nationwide?

During an economic crisis where americans are facing foreclosures, losing their jobs and struggling to have some sort of healthcare, does looking good for the presidential campain really matter now? Does that play a role in winning the election???

Your Questions About Foreclosures

The Expert answers:

You think this is something just wait and see how much it is going to affect us when either one of them win and how much of the damage it is going to put on our tax dollars for 4 or 8yrs. We are paying top dollar around 3,000 plus dollars for a hair cut that could have been done by my little niece for free and now they can come up with all these dollars for High price ugly clothes for them and their families when we can not even go to the grocery store or any store without saying “these prices are a d@mn Shame”Sneaky stuff going on with the government anyway Take Care

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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