Foreclosures Help Information

Posts Tagged ‘Buying Foreclosures’

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.

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Buying Foreclosures With No Money Down

Question: where can i buy a foreclosure home for no money down?

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Answer: Why are you limiting yourself to forclosures? If you do that, you won't be able to do no money down. You'll be buying from banks, and they'll require money.

If you buy directly from homeowners, there are a variety of ways to do it "no money down." A couple of options are "subject to" in which you immediately acquire ownership, and lease-options, in which you have an option to purchase the property. Or, depending on where you're located you might consider contract for deed or land contract. "Subject to," though, is the safest for the buyer.

Can You Really Buy Property With No Money Down?

Buying Foreclosures Homes

Question: What is the process of buying a foreclosure home?

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Answer: Talk to Real Estate Agent that specializes in REO.
Real Estate Owned properties.
The problem with foreclosures is that you have no way
of determining the value of the property before the sale.
The house could be literally destroyed and you paid
what the bank asked for it...

REO's are foreclosures that weren't sold at the court house
and now belong to the Bank again. These are usually listed
with a Real Estate Agent and you can inspect them before
you make a decision. And on top of that they are usually
a lot less than the foreclosure where the bank is still trying
to get the money that is owed on the mortgage.

Again... be patient... most of them will be in bad shape and
it will take a lot of "touring houses" before you find one that
is acceptable and where you won't have to spend too much
money to fix up the house.

How To Buy Foreclosed Homes