Foreclosures Help Information

Posts Tagged ‘Foreclosure’

Buying Foreclosure At Auction

Question: Is it worth buying foreclosure properties at the courthouse auctions ?

I'm considering going to the local courthouse and bidding for foreclosed properties but I am nervous of hidden costs, etc.

>

Answer: In my opinion, it's the best way to buy a house. There are no hidden costs. You first need to do your homework. Find out the appraised value of the house, what the last owners paid for it, etc. Then decide what the top dollar is that you're willing to pay for it. Before the auction starts, someone will go over the rules of the auction and so on. Pay attention. Most of the ones I've bought required 10% down if you are the winning bidder and the remainder to be paid within 30 days. Once you write the check, they hand you the keys and that's it. No closing, no closing costs, no deed check, and so on. Then a judge will review the terms of the sale, and sign off on it. It doesn't matter at that point if there were 30 liens on it prior to the sale, the house is now yours free and clear.

Buying Foreclosures for Beginners

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

Buy Foreclosed

Question: Is it true that those people on TV can actually help you buy foreclosed homes with no money out of your pocket

A lot of infomercials selling a book on buying foreclosed homes to make a profit. Is this even possible? What do those books teach you anyway. Has anyone bought any I'm curious because it sounds too good to be true?

>

Answer: You can make money buying houses for appreciated value but you need a lot of knowledge and some money.

The guys on TV are not lying, they are overvaluing what they have to sell you. As mentioned earlier here, check out your library first. Read a ton of stuff about buying foreclosed properties.

Then take a step back and ask yourself if it is worth the extreme hassel of renting that property if you can't sell it right away. I've been a landlord and it sucked.

Curious about flat fee real estate agents?

http://www.flatfeerealestateguide.com

5 Things to Know Before Buying Foreclosed Homes

Foreclosure Help Illinois

Question: Has anyone disabled person ever been helped thru A.C.O.R.N. in Illinois, if so, how and what is the acronym?

Has anyone been able to prevent foreclosure on home thru assistance at A.C.O.R.N. in Illinois?

>

Answer: See:

http://www.acorn.org

Foreclosures Loan Modification Chicago IL Orange County Mutual Fundings