Foreclosures Help Information

Posts Tagged ‘Canada’

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?

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Bank Foreclosure Canada

Question: Is it advisable to give personal information to people you don't know?

Identity theft is RAMPANT in America. I can only guess what it might be like in the UK or Canada or elsewhere in the world.

I have been called a trouble maker for urging others (especially friendly senior citizens) to think twice before they join chat groups & share info on the internet.

THE WORLD IS ABLE TO READ EVERYTHING THAT IS POSTED.

Con Artists, thieves, & dishonest people gather information DAILY in hopes they can learn enough to crack a persons security passwords on the internet & attain a home address where they can then take your mail & start re-routing your life without you ever having knowledge...until it's too late.

Your bank accounts are empty.
Your credit is maxed out.
Cells phone accounts with calls to criminals.
Guns registered in you name.
Houses & cars in your name (some in foreclosure).
Children you have enrolled in schools (yet you have none).
Jobs you never had (reported to SS using your number).

How did they get all this info?

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Answer: Personal paperwork thrown in the trash is wide open to the public
careless disposal of personal information required by people you do business with (banks, ins. agencies etc)

"over the shoulder "view of debit card pin, ss# etc.

There are plenty of places that this info can be picked up -- don't make it seasier by giving it away. Tear up/shred any paperwork being trashed and protect personal info from telephone/ computer and other queries.

Don't Panic! US Bank sold to Spain?!

Buy Foreclosed Condo

Question: who here bought a condo??

iam starting to notice that a lot of people are buying a condo now days instead of a single family home. This is b/c peopleare foreclosing on their properties or they just can't afford it.

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Answer: I bought a condo, but that wasn't the reason. I bought it because I wanted a condo.

I lived in a single family home for seven years, and had to mow the lawn every week, shovel the snow, and keep up with external maintenance. It was a pain in the *#@(. I could have hired someone, but then I would have to screen vendors, make sure they do a good job, and I'd have to pay them. Another pain in the *$&#(.

So, I moved out of my house and bought a condo (in a different state). I have more square footage, better schools, my payments are lower (even with the association fee), and I cashed out a lot of money. I love it.

A lot of my friends were like - you don't want a condo. Maybe they like all that gardening, but I don't.

The only caveat is that if you have a condo association that is a pain in the *#&(, it could be trouble. However, my association is pretty laid back - I leave them alone, and they leave me alone. Once in awhile they paint, replace siding, or powerwash my deck.

-->Adam

How To Buy A Lender REO Foreclosure