Foreclosures Help Information

Posts Tagged ‘banks’

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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Buying Foreclosures From Banks

Question: Where can I find a source to reveal how many foreclosed homes politicians are buying?

I'll bet lots of them are buying up multimillion dollar foreclosed homes in conjunction with Fannie & Freddie and all the other bailed out banks.

This foreclosure disaster is a gold mine for them, their families, their supporters and lobbyists.

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Answer: While your at it see if you can find out what is in their portfolios and what green stock they are buying up with cap and trade in the near future! This administration is getting rich off Americans and they need to be stopped!

Arlington Virginia Foreclosures. How to buy like a REALTOR.

Banks Renting Foreclosed Homes

Question: What is the best way to buy a home that is going into Foreclosure on Dec 31 w/out using a realtor?

I'm currently renting the home I want to buy. Heard that you could go directly through the lender (Wells Fargo) to make an offer to the foreclosing bank.

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Answer: Wells Fargo will send you to their agent. They will not deal with you directly, they are not licensed to do so, let alone having any staff capable of handling a sale.

You need to hurry, the odds of you getting this closed by Dec 31 are just about nil. Hopefully you are offering cash, that will speed things up.

Real Estate: Buying, Renting & Selling : Buying a Bank-Owned Home With Multiple Offers