Foreclosures Help Information

Posts Tagged ‘homes’

Foreclosed Lots For Sale

Question: Should I buy a shortsale property? What are the advantages and disadvantages?

A lot of properties that are up for sale are mostly short sale, foreclosed, or bank repo's, but it is a good idea to buy one these of properties?

Answer: There is a huge difference between a short sale and an REO property. An REO is a property that was foreclosed and is now owned by the lender. Buying an REO is not really any different from an "ordinary" sale. A short sale, on the other hand, involves a distressed owner trying to get his/her lender to agree to a sale for less than what they owe - a very difficult and protracted process.

Lots of Homes For Sale in Clearwater

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Free Foreclosed Homes For Sale Listings

Question: How can I access foreclosure sales (listings) for free?

I am looking to invest in a foreclosed home (to live in, not to re-sell). As I understand, it is possible to get a decent price for a decent property. I researched it, and I can't seem to find any good web-sites with information that would be relevent and free. All the sites that i was able to find required a credit card to be on file, and only offered limited time trials.

Answer: how about look at your county records for "notice of foreclosure" or "notice of trustee sale"
then go see if its on the current mls
you dont want that one
you want the ones that are actually going ot go thru foreclosure and the owners want out.
u have to go to county records to see if the home is worth your time. if they have a mortgage of 100% of the ass'd value then it's not worth it.

Free foreclosures listings

Foreclosed Furniture

Question: When the bank forecloses on a house, do they own the belongings inside of the home as well?

I have a roommate who owns the house where I currently reside, and it is headed for foreclosure. I have no ties to the mortgage or any other bills for the house. My question is, if the house is foreclosed upon, are my furniture and belongings at risk of being confiscated? I live in North Carolina, just in case it might vary from state to state.

Answer: The bank does not keep the stuff inside the home. The people will be given a move out day. Now if you leave stuff in the home after that date the bank can toss it then.

If I were you I would move out now and find someplace else to live. No reason for you to deal with this.

N. Hollywood House Foreclosure-priced