Foreclosures Help Information

Archive for April, 2007

Ma Foreclosed Homes

Question: Can I purchase a foreclosed home in MA?

I want to find a new (1st) home. We have been living like homeless people long enough and now that we are both working I think we are ready. But the prices around here are so high. Is there any way to buy a foreclosed home without paying to see a list? I feel like these are all scams, It says you can see foreclosed homes and then it says "to go further you must join" or something like that. I want to have access but not pay for it. You would think these banks would want to get rid of them ASAP so why charge money to get access to foreclosures? Any advise?

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Answer: For government-backed foreclosures, go to http://www.hud.gov

Most other foreclosures are sold by ordinary real estate agents. Any RE agent can give you a local listing for free.

Cambridge, MA Foreclosures, Short Sales and Properties

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Buy Foreclosed Property At Auction

Question: Where can I learn about buying foreclosed properties? Read more please.?

I am interested in purchasing one property and trying my hand at having a rental property for extra income. I have looked into that and found that my best bet with my current situation would likely be to purchase a home that's been foreclosed on. I have found a site that lists upcoming f/c auctions, but I don't know anything about how to determine if its' a good deal or not - for instance, this site lists the loan balance, the final judgement and the judge's assessment. Is there a course you can take on buying foreclosed properties, or a website to teach me how to figure the worth of the home versus the amount owed on it - and most especially how to get a ballpark of what's owed based on the figures I just mentioned. I know I'd need a title search on any home for protection, but I don't even want to initiate one without knowing how much is expected without looking for other liens. Hope this makes sense.

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Answer: There is so much involved in buying foreclosed properties, and investing in Real Estate Period. To learn how the business works spend some time calling Realtors that specialize in selling REOs. The are a great source of free Information. Go to your local library and do a search for books dealing with foreclosure. Look at the different systems and techniques used in these books, because you will need a systematic approach to be successful at this. Next write a detailed business plans on how you are going to execute, when the time comes. Good Luck.

Foreclosure Auction in Hilo, Hawaii

Trash Out Foreclosed Homes

Question: If the previous owner of a home trashes it before foreclosure, can they be sued or get in trouble with bank?

I am interested in purchasing a foreclosed home, but just wandering if there is anything that could be done to the previous owner who may have trashed the property before leaving due to foreclosure?

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Answer: They could be charged with Felony Damage.

Problem is "proving it"

No police department in the country would file charges unless the person was:

1. Caught in the act (highly unlikely)

2. Had a witness that would testify (again unlikely)

Hope this helps!

Terry

http://www.Welcome2Arizona.com

Junk Eviction Trashout Before...the ugly side of foreclosures