Foreclosures Help Information

Archive for September, 2008

Foreclosed Motorcycles

Question: If my home gets foreclosed on,will they take away any assets i own? like motorcycles or cars I’m still paying

I am looking for a way out of my house due to the fact that we are moving by july4th and I know the house will not sell by then so i can see forclosure as my only way out.

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Answer: No. Depending on the situation, you may get money back. If the house is worth more than you owe, you will get the remainder after the note is paid off. If that's the case, it's in your best interest to take care of the place and get as much as you can.

If you're upside down in your loan, you don't care about the place. All your lender can get is the proceeds from the sale of the asset you put up as collateral: the house.

July 16 Biz Minute

Foreclosure Laws In Arizona

Question: Can someone explain FORECLOSURE to me?

Here is the arizona laws.. I am just wondering how long we have until we have to move out if the forclosure starts july 1st?

http://www.realtytrac.com/foreclosure_laws.asp?strState=Arizona

THANKS!!

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Answer: Foreclosure means that the person who owns the house either is more than 3 months behind on payments, or, have failed to pay their taxes.

If the lender has not been paid, they will re-take ownership of the house. The same with the tax collector.

As told to you in a previous post, no one knows how long before you have to leave. When the eviction notice is served, you'll have about a week.

PT4 ALERT STOP FORECLOSURE REALITY RADIO

Tax Foreclosure Listings For Free

Question: Where can I find tax foreclosure listings in PA?

I heard you can buy houses for under $1000. Is this true, and if so, where can I find free listings in my area?

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Answer: Theoretically true, as a practical matter not true. Each county tax collector should have a list of tax defaulted properties that are going up for auction. Don't count on getting a house for $1,000 when you are bidding against other bottom feeders.

Pre foreclosure leads, tax foreclosure listings, buy foreclosure

How To Buy Tax Foreclosure Homes

Question: a question about tax foreclosure homes?

ok im not even sure if i quoted it right but does such a thing really exist? ive heard it on tv a few times and even my friends mother told me about this program. she said that if she couldnt pay the taxes on her home all someone would have to do to buy the house is pay the taxes and its theirs. now in my head that sounds about right. its already paid for and all the city needs is their tax, so why not? but is the process really that simple? where can i learn more about this type of thing? my immediate family is in the market for a new house so this would be like a goldmine. any help on this would be great. thanks

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Answer: I found a great book to help you. Its on Amazon.com, and only costs $16.47. I was trying to find information for you online, but most internet sites charge upwards of $50 just for basic information on this topic, and then you get hit with all kinds of real estate spam as well.

Here is the link -

http://www.amazon.com/Complete-Guide-Estate-Liens-Foreclosure/dp/0978834682

Trinity Florida Foreclosures: Tax Foreclosure Sales in FL

Foreclosure Help Oklahoma

Question: Poll: What is your mortgage payment and Insurance cost for your 2+ bedroom / 2 bath HOUSE and what region?

I live in Tulsa, Oklahoma and I have always asumed I must rent — please help me decide if I should consider seeking a house to buy in my area or in The Midwest / South region

Keep in mind that I realize I should look for a great deal, and a foreclosure, and get pre-approved, etc…

I just want to know waht your Percentage rate is, is it fixed rate and ESPECIALLY — what is you monthly payment ?

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Answer: We live in Lawton Oklahoma and we have a 1600sqft 3 bedroom, 2 full bath house with an attached 2 car garage, large privacy fenced in yard and covered patio. Our mortgage payment is 644 a month, 80 for taxes and 80 for insurance for a total of 804 a month. We just purchased our house. Our interest rate is 5.5 fixed

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