Foreclosures Help Information

Foreclosed Cabins In Tennessee

Question: Anyone know about investing in foreclosure properties in east Tennessee?

I live in Pigeon Forge, TN and I have been noticing a lot of advertisements about how much you can save buy buying a foreclosed home or property. I think this would be a good investment for me since I could possibly buy a cabin and rent it out for profit since the economy of the local area is almost solely dependent on tourism. I am not really sure how I would get started finding these so called "deals". A vast majority of the information I am returning on goggle looks like scam websites. Anyone have any advice? Should I try to find a local real estate agent to help maybe?

Answer: I live in Gatlinburg, just a few miles away from you. I have bought several Pigeon Forge foreclosure properties around where you live and I would recommend what has already been stated. Go find a local agent and do research. It is really important to do a home inspection before you buy anything, would hate to have any surprises pop up later on. I would also research the neighborhood, and see what the homes around are selling for. If you are looking to buy a rental cabin, knowing the rental history of that cabin is a big plus also. That way you can have an idea of the general earning potential for that property. I have had good experience with Sundance Realty in Pigeon Forge, they helped me with my first foreclosure purchase.

http://www.pigeonforgeforeclosures.info/

Pam Brown Realtor Pigeon Forge Sevierville Gatlinburg Foreclosures Cabins

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Search Foreclosed Homes For Sale

Question: Will i lose all my homes and jobs ect to foreclosure of just one home?

I moved to a new town from chicago 7 months back. we bought a new home here. We kept our condo in Chicago for sale since april. we changed two realotors, went 20K below the average price, did everything we can. but it just doesnt sells. Now all my savings are exhausted and i cant pay two mortgages (new home and old home). I was thinking of foreclosing the old home as i cant pay the mortgage anymore and iam not even living there.

Answer: I recommend that you hire an attorney who specializes in real estate law before you talk to the lender.

Follow the advice of your attorney.

Some of the other responders have given you advice that I suspect may not be in your best interest.

Your attorney will be able to give you a much better answer and it will not cost all that much compared with what you have to lose if you do not talk to an attorney.
.

How To Find Foreclosure Deals - Tips for Using eBay

Foreclosed Las Vegas Homes

Question: Web site with home foreclosed listings....?

in Las Vegas. Don't want any where you have to sign up, just free listings with pictures and maps

Answer: You are probably looking into an REO property, If you know what you want/where you want it then I would recommend looking for listing on mortgage sites. Those are great deals that aren't as widely known. You can grab one before the general public fonds out about them.

Las Vegas Homes For Sale - MLS Listings Map Search