Your Questions About Foreclosures | foreclosureorder.com

Your Questions About Foreclosures

Your Questions About Foreclosures

Steven asks…

where is the best place to find current Missouri foreclosure homes?

I looked up a couple sites online but the houses they were showing were sold like 3 years ago…does anyone have any sites on this they would recommend? Preferably for Florissant in St. Louis county.

Your Questions About Foreclosures

The Expert answers:

WHEN the property is bought at the right price AND when the property and your expenses are properly managed.

THEN when you get the right property THE BIGGEST challenge is getting the right tenant for the property AND PROPERLY managing the tenant AND property.

THEN you can earn very good money. OR you should be able to feel a little more comfortable with the purchase of that property for your own use.

You’re going to discover every county in every state/province/territory operates and does things a little differently than the one next to it.

It requires LOTS of time and diligence.

This is what I learned: No one ever gives anyone anything for free. “There is no free lunch.”

The best suggestions I can offer:

1A] It doesn’t make any difference whether you live in a large city or a village/borough, make the investment of time to go to the County Court House or City Hall. Visit athe Recorder of Deeds Office/County Clerk’s Office or whatever the office is referred to in Canada. The names are different, but the Office’s function is the same: to record ALL REAL property documents.

The ladies and gentlemen in the City Hall or Court House are there to help the folks who come there to do business and take care of various matters about that city or county.

1B] You’ll need a specific, actual address – even if its your’s or a friend or relative living in that same county or city. The property owner’s name would be very helpful. Ask an emplyee in that office how to research a property. Write down and/or remember each of the steps you are shown.

2A] When you finish researching that property, go to the Sheriff’s Office. Ask for the rules for Sheriff’s sales and foreclosures.

2B] IF the notices for the Sheriff’s Sales are posted, choose any one or two. If you have to ask for the list, do so. Then pick one or two.

2C] Go back to the Recorder of Deeds Office/County Clerk’s Office. With what you were taught and learned, do the research for that property.

If you get stuck, ask for help.

3] If you are able to do this, attend AT LEAST 3 of those Sheriff’s Sales. You aren’t going to bid on any property. You aren’t going to buy any property. You are there STRICTLY as an observer. You want to see how the process works.

Foreclosures are only one very small aspect of the real estate business. There are others.

Thanks for asking your Q! I enjoyed answering it!

VTY,
Ron Berue
Yes, that is my real last name!

Your Questions About Foreclosures

Betty asks…

Where can you specifically get a list of local foreclosure homes and the private sale auction time/dates?

I tried to find info. in local newspaper but was unsuccessful. Is there a specific website to check it out?

Your Questions About Foreclosures

The Expert answers:

Search in here, this question is asked and answered daily, I’m sure you will find a ton of websites to check out.

Bear in mind that foreclosure websites are not known for their accuracy. Some of the houses you will find have been redeemed or have been transferred by short sale. But a website without alot of listings will not be well traveled, so they don’t update them, they just add new offerings.

Your Questions About Foreclosures

Sandy asks…

Could anyone please tell me where I can get list of Foreclosure Homes?

I would realy appreciate if anyone can tell me where and how I can get list of foreclosed homes in and arround Atlanta, GA for free.

Your Questions About Foreclosures

The Expert answers:

If you get it on a list that someone has published…forget about finding any real deals.

If you want to beat the crowd you have to dig.

You go to the courthouse and do mortgage and title searches.

You learn how by asking the fellas you see in there every day..they work for title companies.

If you want to beat everyone to the punch..then this is how its done…there is no easy way sorry.

Your Questions About Foreclosures

Maria asks…

What is the best website to find foreclosure homes?

I’m looking in the suburbs of chicago

Your Questions About Foreclosures

The Expert answers:

Your best bet is to invest the time it takes to learn your public records system. Most people that subscribe to these ‘foreclosure websites’ spend a lot of $$ for marginal deals that really aren’t worth it. Go to your coutny courthouse or online and look at real foreclosure judgements to get familiar with the system. In a couple of months, or after a deal or two, you realize you know the system then pay someone to bring them to you.

Your Questions About Foreclosures

Nancy asks…

is there good money in cleaning out foreclosure homes?

I have cleaned houses for 5 years, And now looking to get into cleaning foreclosed houses. Is there good money in it? does anyone know who to contact? or how it all works?

Your Questions About Foreclosures

The Expert answers:

I know ocwen agents choose there own contractors. So go to the ocwen real estate site and find out how the listing agents are you your area. Give then a call, make a resume, start marketing.
Also sign up with companies Safeguard its a property preservation and reo company.
Takes a long to get to a point were you have lots of work. But if you sign all the preservation companies and keep hitting up the local reo agents you’ll get there.

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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