Foreclosures Help Information

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Buy Foreclosures Online

Question: Where online, can I view FREE current L.A. area foreclosure listing?

Without having to sign up, give personal info or buy anything?
Please thouroughly read the questions before answering with incorrect responses as qxtolr w & pmfdvuw. Very inappropriate!! Only serious answers, please do not waste my time!

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Answer: OCWEN (VA), HUD, HomeSteps and FannieMae all have their foreclosures listed on their websites for free. I post the links to them about 25 times a week.

They are all listed so it's not any secret or privileged info anymore.

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Buy Foreclosures With No Money

Question: I want to buy a foreclosure?

I want to get out of renting and buy a foreclosure. My wife and I don't have a lot of money to put down. What percentage of money should we need to put down on it. What would be a sufficient credit score we should obtain to try and apply for a loan? We live in Florida

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Answer: Even for an FHA loan, you are going to need 3.5% down and money for closing costs. A 620 credit score would be good. Local lenders will know about programs in your area that you may qualify for, internet lenders probably won't have that info.

No Money Down Foreclosures

Foreclosed Houston Homes

Question: buying and renting Foreclosed houses in Texas?

Me and my husband are looking into buying foreclosed homes in the surrounding Houston area. We are wanting to rent the first one and if it goes well buy a few more and rent them and move ourselves into one. I think we have to fill out some type of paperwork to be landlords. What exactly will we have to do, in buying the house to renting them. Neither of us have ever bought a house before so we are both lost.
And me asking is trying to educate myself. If your not going to give good advice please dont bother

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Answer: First you need to identify the rental rates and rental demand of the areas where the houses exist. You also need to be wary that investment properties require a higher interest and insurance rates than your primary residence. You also might want to get familiar with your local eviction process and to look into getting approved as section 8 housing.

Everyone wants to be cash positive as a landlord, but this is often not possible when considering vacancy rates, higher insurance, prep expense between tenants, etc. but you need to look at the investment in the big picture by also considering the gained equity over time that isn't being entered into your monthly books.

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