Foreclosures Help Information

Archive for the ‘Buying Foreclosures’ Category

Buy Foreclosures From Banks

Question: ok,were gonna buy a foreclosure in taylor,agent says back taxes are not buyers responsibility. is this true?

if true then who pays? the bank?i am buying from the bank...

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Answer: If you buy the house on the courthouse steps , you owe the back taxes.

If the bank took title to the house at the foreclosure auction, they will pay the taxes when you close. This is a general rule. It would be legal for the bank to put in a counter-offer that the buyer will pay all closing costs except the listing agent's commission. If so, you need to alter your offer accordingly.

Economic Crisis, Bailouts, Foreclosures & Banks Pt 2 of 2

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Buy Foreclosure Property

Question: Is it a smart time to buy property, especially condos at foreclosure auctions for an investment?

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Answer: Base in your area, location,and price.
try to focus to buy HUD homes first,it' very easy,and fast.
short selling take for ever.
buy foreclose condo or home in very good area.
if the market improve , it will be the first one to shoot up.
be earful and take your time and study the property.
i think the market did not hit bottom yet.
but i know their are very good investment homes.
best wishes

Foreclosed Property: How to Buy Foreclosed Properties

Buy Foreclosures Florida

Question: how do I find out information about an abandoned house in Pasco County, Florida?

We want to buy a house that has been abandoned but can't find out who owns it. We have found the original owner's info online but there is no contact info, or which bank owns it if it has gone into foreclosure. We are wondering if the bank that owns it has gone out of business, what would happen to the house then? Can't find Yahoo Answers in America!
the property taxes haven't been paid for the past year and a half

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Answer: The tax assessor will know who owns it. You are on your own to contact them, they have no obligation to tell you how to reach them. You can obtain bank information, but unless the bank owns it they can't legally tell you anything either.

It does not sound like this is abandoned, only vacant. Abandoned property ends up belonging to the state, which sells it.

How To Buy Foreclosures In Fort Lauderdale | South Florida