Foreclosures Help Information

Archive for October, 2009

Foreclosure Law Firms In Florida

Question: Is there a loophole for the new florida foreclosure law?

I work as a loan modification specialist and my firm is a reputable company. We have a A+ rating with the Better Business Bureau and we really help our clients save their homes. Recently a statute passed that prevented companies from collecting upfront money from any home owner in florida that is in foreclosure for services related to saving their home. Of course no one works for free. Is there a way my company can get around this and collect our initial fee?

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Answer: If you are reputable, why do you need to collect a fee upfront? Why not at completion, or closing of refinance or new deeds?

Florida Foreclosure Law

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Tax Foreclosure Homes List

Question: Foreclosure homes are cheap at they said???

Hi, I was looking at yahoo for some houses in my state, so I found some information about REO homes, but for example, there are many prices, are prices listed there from $3,000 to 3,000,000 so, cause I don't know how this works, I wonder if a REO home said that the price is $5,000, that is the real sale price?? that is the only price that I need to pay for the house??? or there is the basic price or what??? Do I need to pay something else (besides insurance and taxes????) I 'm very confused.

Thanks.

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Answer: First of all if you are looking at HUD homes (foreclosed FHA homes) you can only buy them threw a Realtor. HUD does not sell homes directly to the public.

Now for a little education on Foreclosures. Before they go for sale on the open market they have to be sold at a local Sheriff sale. This is the process the mortgage company takes possession of the home for non payment. The really good deals usually don't make it past the sheriff sales. Remember, just because something is really cheep does not mean it is a good deal. Location, Location, Location makes a good deal if the price is right.

I can make this really easy for you. Get yourself a Realtor that you are comfortable with and stick with them. They are educated, licensed and insured to assist you and they are absolutely free to you. A good Realtor can answer or get the answer to any of your questions. Just remember not to get on realtors black list by jumping from one to the other. They only get paid when you go to a closing and the word gets out when you work with more than one realtor at a time.

If you would like a referral free of charge to a good Realtor in your area please feel free to contact me.

You could also go to Realtor.com and take your chances of finding one on your own.

Good luck,

TAX FORECLOSURE Homes List

Foreclosed Condos In Atlanta

Atlanta foreclosed homes have become so popular in recent years that some companies are offering bus tours of foreclosed homes in the city. These tours allow buyers and investors to be taken on an excursion to view foreclosure homes in the city. Some tours are organized by realtors interested in showing buyers their foreclosed properties, but some tours are run by independent operators and show a range of properties.

Experts note that such tours show how popular foreclosure properties have become in Atlanta. The free tours also reveal that the local Atlanta foreclosures market is very much a buyer’s market. There are so many homes on local foreclosure listings and so many motivated sellers that companies are willing to offer perks such as free bus tours to lure buyers.

Another trend in the Atlanta area is price. After home prices dropped steadily for 25 months, June 2009 saw a modest rebound. That month, the average home price jumped 1% over the previous month. While June 2009 prices were still 14% below June 2008 prices, many financial experts saw the small 1% increase as good news for homeowners and investors.

Like many areas across the country, Atlanta saw an increase in foreclosures in 2008. In the early 2000s, a solid economy and plenty of jobs allowed many buyers to purchase homes. Even some buyers who traditionally would not qualify for a home were able to buy a house. When the economy started to suffer in 2008, some of these buyers lost their jobs and were unable to make mortgage payments. Additionally, buyers with better credit ratings and larger incomes became more reluctant to purchase properties. As a result, many homes – both new construction and previously owned – went into foreclosure in the Atlanta area.

In August 2009, Atlanta still saw a large number of Atlanta foreclosed homes on the market and a buyer’s market, but some signs indicated that the local housing market was rebounding. The number of foreclosures in the area dropped, although foreclosures still sold briskly. The number of foreclosure condos and townhouses was especially high in Atlanta. Foreclosures accounted for 40% of all townhouse and condo sales in August 2009.

About the Author:

Joseph Smith has been educating buyers on the finer points of buying Atlanta Foreclosure Homes for over five years. Visit ForeclosureDeals.com and read more advice on finding information about foreclosures.

Source - Atlanta Foreclosure Homes Offer A Strong Buyer’s Market

Atlanta First Time Homebuyer - KW Real Estate Agent (Chris L. Williams)