Foreclosures Help Information

Posts Tagged ‘Government foreclosures’

Government Tax Foreclosures Properties

Question: Before buying at county tax auction??

I'm interested in buying land/lots at a county foreclosure sale in NC. I understand I should get a title search done before I even BID.

Regarding liens - is it true that all non-goverment liens (mortgages..creditors) are wiped clean if property goes to tax sales? As I understand it...the county files/advertises Notice of Default three times..or for a period of time, giving opportunity for creditors to step forth and basically assume the county taxes in arrears.

Government liens go with the previous owner or stay on the property?

>

Answer: Buying at a tax sale is one of the best ways to invest! You are correct about everything you stated. You become the owner out right on a Tax sale. The main thing you are looking for is the condition of the property and you in case the access ability. It all depends what you are going to use the land for, what it will cost to bring in utilities and a road!

Good Luck

Real Estate Investing Tips - Tax Lien Properties - 50% Returns

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

Government Tax Foreclosures Homes

Question: When exactly did home foreclosure become the responsibility of the Federal Government?

What a perfect system. I loan money, you pay me, you default the Government pays me. I win twice. Should we tax the windfall profits of Big Banking?

>

Answer: Haha, you know I really can't answer your question, but I think God for home foreclosures! This is the only way i have bought a house, and I LOVE it! I love flipping homes, making them my own, but couldn't afford it if I bought from an owner.

Homebuyer Tax Credit Makes Owning a Home a Reality - RE/MAX

Government Foreclosures Help

Question: Buy a home for $300 via Government foreclosure house sales...Is it for real?

I have just seen a TV commercial about government tax foreclosure house sales. They were claiming that you can buy homes all across the US for as cheap as $300 or less. Is this for real? There must be a catch does anyone know? However If there isnt a catch how do i get started.

>

Answer: im sure theres a catch..i doubt you'll get a house for $300...if that were the case all these houses in foreclosure would be sold..

Government Foreclosure Help