Free Search Foreclosed Homes For Sale | Foreclosures Help Information

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Search Foreclosed Homes For Sale

April 14th, 2010

Search Foreclosed Homes For Sale

Question: Will i lose all my homes and jobs ect to foreclosure of just one home?

I moved to a new town from chicago 7 months back. we bought a new home here. We kept our condo in Chicago for sale since april. we changed two realotors, went 20K below the average price, did everything we can. but it just doesnt sells. Now all my savings are exhausted and i cant pay two mortgages (new home and old home). I was thinking of foreclosing the old home as i cant pay the mortgage anymore and iam not even living there.

In my salary, i can pay my new home mortage, all my credit card bills,etc. My question is that if i foreclose the chicago condo. Will i lose my new home, job or my other credit cards , etc also?
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On doing google search i found out tat one can foreclose by simply not paying the mortage and the rest is taken care by the company. but i really dont wanna do that. Do you think its possible tat i just call my lender and say them abt my inability to pay the loan. Is this a good option? or are lenders very mean and unhelpfull in this.

Answer: I recommend that you hire an attorney who specializes in real estate law before you talk to the lender.

Follow the advice of your attorney.

Some of the other responders have given you advice that I suspect may not be in your best interest.

Your attorney will be able to give you a much better answer and it will not cost all that much compared with what you have to lose if you do not talk to an attorney.
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How To Find Foreclosure Deals - Tips for Using eBay

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Free Search Foreclosed Homes

December 2nd, 2008

Free Search Foreclosed Homes

Question: How do I find out about purchasing foreclosed homes?

Everywhere I search online, I am asked to subscribe to a service. Is there anywhere to find information for free?

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Answer: If you are looking to purchase them from sheriff's auction, then you can contact your local newspaper(s) and ask them what day(s) they post the the list of homes available via sheriff's auction. You can also contact a real estate agent who deals with foreclosure properties. There are several real estate companies/agents who deal mainly with properties that have been foreclosed on.

San Diego Foreclosure List - Free Search Tool

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