Foreclosures Help Information

Archive for the ‘Find Foreclosure’ Category

Find Foreclosures In Chicago

Question: What's the competition for newbie investor in foreclosures for rehab?

I have access to working capital to fund a purchase of the mid price range family home category needing only cosmetic or minor repairs that I would mostly do myself before getting it back to market in say 180 days. Am I up against stiff competition from professional rehabbers wanting to buy foreclosures in Chicago?

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Answer: Your competition is not limited to professional rehabbers. There are also a lot of people who look at such foreclosures for their use as a personal residence.

Know your market values and do not overpay. Perform the due diligence to insure that title to anything upon which you bid will be 'clean' when you purchase. The naive and underinformed have been known to lose money on such ventures. 180 days is WAY too long to hold such a property for resale. Too many potential changes in the market over six months, plus you're going to kill your profit structure with taxes, insurance, and interest payments from such a lengthy holding period.

Chicago Foreclosures

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Find Foreclosed Homes In My Area

Question: Is their a free website that lists the homes that are being foreclosed on in your area?

I'm renting an apartment from a homeowner and have suspicions that the place is being foreclosed on and want to find out if this guys not telling me something. Thanks

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Answer: foreclosures.com

or the best is to go to your local county offices and ask....they will tell you if the property is in default.....they can also tell you the TRUE owner of the property.

good luck

Mortgage Modification 4 - Home Loan & Real Estate Marketing Nov08 - Home Owner Negotiating with Bank

Find Foreclosures For Free

Question: Can anyone tell me where to find free foreclosure listings for the state of ohio?

I am looking to purchase a foreclosed home, but every site wants you to pay money for listings. Isn't there a government site that see the listings?

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Answer: The pay sites are basically scams.

These are listed with Realtors. You can find them for free on the regular MLS.

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