Foreclosures Help Information

Foreclosed Furniture

Question: When the bank forecloses on a house, do they own the belongings inside of the home as well?

I have a roommate who owns the house where I currently reside, and it is headed for foreclosure. I have no ties to the mortgage or any other bills for the house. My question is, if the house is foreclosed upon, are my furniture and belongings at risk of being confiscated? I live in North Carolina, just in case it might vary from state to state.

Answer: The bank does not keep the stuff inside the home. The people will be given a move out day. Now if you leave stuff in the home after that date the bank can toss it then.

If I were you I would move out now and find someplace else to live. No reason for you to deal with this.

N. Hollywood House Foreclosure-priced

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

How Do Foreclosed Homes Work

Question: How do I purchase a foreclosed home and is it a good idea?

I am looking for a home for my first house, and even though I have some time and can save a bit, I need to know if its a good idea for someone on limited income to consider living in a home thats been foreclosed on, and possibly invest in a couple of other properties at some point. How does the process work and is it a good idea for a first time buyer? Also keep in mind I am living in Virginia now and am looking at the possibility of a home in the New York City area so I can move there to kick off my career(I am a theater student currently).

Answer: Its a really good idea. Most of foreclosures already have equity which is a great start. Umm Foreclosures are owned by banks or a morgage company and some properties are sold in an Auction which require it to be a cash buy.

Larry fights foreclosure in Los Angeles, CA

Foreclosed Commercial Properties For Sale

Question: Foreclosed property in DC?

NOTE: I ASKED THIS QUESTION PREVIOUSLY AND JUST GOT A LOAD OF VESTED INTEREST FLANNEL FROM REALTORS TRYING TO TALK THE MARKET UP (E.G., "...FORECLOSED HOUSES SELL FOR MARKET VALUE, THERE IS NO REASON FOR THEM NOT TO" ETC.). Here is my question; if anyone has GENUINE information, please let me know. Realtors please stay away.

Answer: Try oreolist.com they are not an RE agent site. All it does is provide a list of links to banks that have their foreclosed homes for sale on their web site. There is no signing up or anything.

FREE Apartment Foreclosure & Commercial Short Sale Web Class