Foreclosures Help Information

Posts Tagged ‘government foreclosure’

Government Tax Foreclosure Auctions

Question: tax foreclosure house?

i kind of understand that this means they take away homes from people who cant pay the mortgage, and the government wants the tax. then they auction them for only a couple hundred dollars plus the taxes which are only a couple thousand. so do they really sell these houses for under $1000 because when i look they cost normal price. how can i find the cheap houses.

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Answer: in my state, Illinois. tax sales are held yearly. People who don't pay their taxes do loose their home. The mortgage company has to be up on these or they could loose out too.

If you buy a tax property here the owners still have two years before you can take possession. Have a big dealer in our area that has made bundles. The sales I have been to were kind of sham as far as i was concerned.

Lake County Florida Tax Deed Sales Auctions Tax Lien Certificates Investing

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Foreclosure Assistance Government

Question: What do you do when youve lost your paid off home to a flood, and waited 4 years for fema to do nothing ?

Thats right !!! Our home was severly damaged in a flood 4 years ago and it WAS declared a disaster area. Fema gave us $800 for a footer and never went under the house. Then they said it qualified to be bought out and after 4 years of government runarounds and the roof collapsing and FEMA not coming up with any more money we had to sell it and take a $40,000 loss !!! We never got a credit card like Katrina victims or any other assistance. We had to evacuate the premises immediately on our dime with no help from the government and relocate. We have spent nearly $25,000 bucks in rent waiting on them to say we don't have the money yet to buy your 49,000 dollar home !!! A construction company had been really pestering us to buy it and we got fed up and sold it. Now we are looking at foreclosures and bank repo's and home auction websites, but people with more money than us keep outbidding us on homes that we see and like !!! GOOD LUCK TO NEW ORLEANS AND MINNESOTA !!! How do we get help ???

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Answer: Live and Learn, that's the name of the game !!
Good Luck !!
Best Wishes !!

Davis Foreclosure Assistance

Government Tax Foreclosure Properties For Sale

Question: government foreclosures?

I saw a bit on tv last night on government foreclosures. It said that because of back taxes the government will seize a property and then put it up for sale for hundreds to thousands of dollars. Is this true? Can I really buy such a property for only $1,000?

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Answer: Yes it happen all the time. But you have to bid on these property and so do a lot of banks and other people so they do get around 40. to 50,000.00 and more. So it is hard to find one that gos for that low of a prices but it does happen.