Foreclosures Help Information

Posts Tagged ‘business’

Clean Foreclosed Homes

Question: What is the #1 thing people leave behind?

My husband gets bids to clean up empty foreclosed homes. Lots of "stuff" is left behind. Can you guess what item is most left behind time after time?

Answer: children

Foreclosed Homes: Why It Is Smart to Launch a Foreclosed Homes Cleaning Service in This Economy

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

Cleaning Out Foreclosed Homes

Question: Does it seem like Foreclosed Homes are not in the forefront promoted by the Real Estate Industry?

The county I live in has over 6,000 foreclosed homes, yet they seem to try to fetch within 10% of homes for sales by owners (non-distress) and new home communities. Most foreclosed homes I've seen were torn up, ignored, out of date, and simply set aside and not promoted by agents who showed us properties.

Answer: Foreclosures get a really bad reputation due to the fact that they are foreclosures. Not all of them are torn up and a lot of them are, in fact, listed with an agent. I'm an agent in TN and I have been working with a buyer looking at foreclosures. We found a great one, which was listed with another agent and was on the MLS (BTW, we found it on RealtyTrac) and we closed on it last Friday. I don't try to push one property over another because it's not about me. I'm not going to be living there, my client is, and it's my job to advise and negotiate, not to see how much I can pad my pockets. However, there are a lot of foreclosures out there where the previous owners did a number on the home before vacating it, or the home was vandalized by people who saw the house was vacant. But there really are a lot of nice foreclosures out there and if you have a good RE agent negotiating on your behalf, you could come out way ahead of the bank. I actually got the bank to pay my buyers closing costs on top of getting a repair allowance and new appliances. Talk to a reputable RE agent. A good agent ALWAYS puts their clients best interests above their own everyday of the week.

Make Money ($1500 a day) with Foreclosure Clean-out, All info is Free

Foreclosed Businesses

Question: What happens when a business gets foreclosed on? The workers, customers, etc?

I work at a hotel and their is talk that we will be foreclosed on. Do you know how long a foreclosure takes before the doors shut? Do you think the bank will come in to warn us first? Will we have time to contact guests? Do you think we will come in one day and the doors be locked and we can't get our personal stuff? Sorry there has been a lot of talk but no one knows what will happen.
Thanks!!

>

Answer: my husbands work foreclosed and they just came in one day, told them all it was over and they appreciated all the work they had done for them. it took us from August till the beginning of january to get his wages they still owed him. all states are different on foreclosures. we live in SC but company was filed in michigan so all fed regulated loans had to be paid off before employees got paid. i know in sc it is a little different. look into your states labor dept and see what it says on their website, i got a wealth of info there. just google "your state- dept of labor, licensing and regulations"

Fox Business Covers RealtyTrac 2009 Foreclosure Report