Foreclosures Help Information

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Find Foreclosed Homes

Question: How do I find foreclosed homes in my city without paying for them?

I am always hearing about all of these foreclosed homes, and how you can buy one at a fraction of the price of a normal home. However, I am clueless on how to obtain a list of foreclosed homes. I am in the beginning stages of house hunting, and would like to know where to start. Thanks

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Answer: You will have to go the various government websites like HUD and FHA and search their listings. This is the source of a lot of the foreclosed homes listings that you pay for.

Alternative: find a realtor who is authorized to handle HUD/FHA foreclosure properties, and have them show you the ones in your area.

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Find Foreclosed Homes Chicago

Question: Repairs on foreclosed home purchase?

We are about to buy a foreclosed home in a good area of Chicago for about $80,000. What would be the best way to pay for those repairs and invest in this property so that we can live in it in a couple months?
We have the time to work on it, I was just wondering about what ways we can go about getting money to repair it... loans-wise.

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Answer: Look into getting a 203k loan, also called the FHA rehab loan. You borrow the money needed to make the repairs and pay back the extra money with the mortgage.

Chicago Foreclosed Homes for Sale

Find Foreclosed Homes For Free

Question: How can I find foreclosed homes on the internet for free?

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Answer: What country do you live in???

If you live in america there are lots of sites.

try these sites

http://www.foreclosurefreesearch.com/

http://www.foreclosures.com/

Making Home Affordable