Foreclosures Help Information

Archive for October, 2009

Foreclosed Homes In Ohio

Question: I am trying to get the location of where foreclosed homes are being auctioned off in Cincinnati Ohio Thanks!?

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Answer: Each county will have auctions. Hamilton county has their auctions every week on Thursdays. Their website for these is www.hcso.org. Bidding at these auctions can be great, but oftentimes the bank will end up purchasing these homes back because of the amount of outstanding mortgages then they will list them with a Realtor.

There are also auctions for properties that are listed through the multiple listing service as well. Our local MLS is no longer available for public viewing, but you can still see all the homes listed on the MLS at www.cbws.com, or another local company's website.

You don't have to go the auction route to purchase forclosed homes, a Realtor can help as well.

Having a local Realtor, such as myself set you up on a search through the local MLS will email you listings in certain areas or with certain criteria to assist you in finding the forclosures that you are looking for.

Feel free to email or IM me for further information on the local forclosure market. That is my primary focus and I list as well as sell forclosed homes.

Foreclosed Properties Being Left Trashed

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Foreclosed Subdivisions

Question: How much should I offer for this house?

The house is 5 years old in the suburbs of New Orleans. Very nice, fairly new subdivision. 3300 sq ft living. 2 car garage. 5 bedrooms 4 full bathrooms. Kitchen, breakfast area, dining room, office, gas fireplace. It is a foreclosed home, and it also has a lot of internal damage from a recent hurricane. No structural damage at all. Approx 5% of the roof needs to be fixed, 30% of the ceilings need to be re-sheet-rocked and insulated. Some of the sheet-rock on the walls will need to be replaced. A lot of the wood flooring will need be replaced. And a few little things here are and there also need to be fixed. The current asking price is $299,000.

How much should I offer for this house and how much do you think it would cost to contract someone to fix everything?

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Answer: Take an estimated cost of what it will cost to fix everything say $30,000 (I am just making up a number) and subtract that from the asking price, they will probably counter with and give you half of that.

RW Subdivision Bank Owned 2

Houses Foreclosed In Michigan

Question: Is there a FREE website listing foreclosed houses in Michigan?

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Answer: Yes you can I found this site Foreclosure.com

Michigan Foreclosed Homes - MI