We are looking to purchase a house. We are interested in looking into foreclosures. Where is a good place to look.
Ok how do I find homes that are in the process of being foreclosed on? and thanks
Here it is!
http://all-foreclosure-listings.blogspot.com/2007/09/best-way-to-buy-foreclosure-home.html
good luck for ever!!!!
I look at the listings and some of the prices seem too good to be true.
There has to be some sort of catch or else I would assume people like investors would just swap these up right away to resell them.
I am not buying any lists, they have some online
Foreclosed homes can be a good investment/great value for the $$- not always stripped down/vandalized, but even if they are, they can be a good investment w/a good inspection & comparable market analysis. Foreclosed homes in good condition go fast/even over list price if they are priced competitively. Just be sure to have a complete inspection & good title officer. Inspectors check structural/major component, like ac/heat/plumbing/electric, condition. Ensure your purchase contract has seller pay all liens/past due taxes/HOA at closing. Title officer will check on liens and ensure these along w/taxes/hoa/etc are paid out of seller’s bottom line at closing (done if per original contract instruction to be paid by seller). Review the bank addenda carefully (some note extra costs to the buyer that aren’t "typically" paid by a buyer …like paying seller’s title costs, normally a seller’s expense).
The "catch":
The owner (bank/financial institution) will not be able to provide you a copy of the Seller’s Property Disclosures(SPDS) report or Insurance CLUE report. Typically you will have to waive your rights on receiving these items in the contract or a follow-up addendum. SPDS discloses/outlines history of repairs, items still an issue/needing repair. A CLUE is a report from the insurance carrier giving a history of claims/repairs. Normally after submitting an offer and agreeing on terms, you would receive these items from the owner & you have the chance to review these and decide to move on,cancel contract, or request repair, within the agreed upon review time frame.
My step dad has his own construction business, and with all the foreclosed homes in the area he wants to get into repairing them. Who would he have to contact to get into this? Thanks in advance 
He would have to get in contact with the realtor who is in charge of selling the property. Be aware though that they will perform a background check on everyone in the company and your step dad will also have to carry the proper insurace and licenses in order to perform the work in the first place.
The work they do on foreclosed homes is minimal, such as clean-up, yard work, repairs, painting and such.
Vera Gibbons, a consumer expert, explains to Maggie Rodriguez there’s more than one way to invest in depressed homes.
Duration : 0:3:11
visit http://tinyurl.com/foreclosurereport
When buying a new home, you can use foreclosure listings to your advantage. Unfortunately, many people lose their homes due to financial problems. Many problems stem from the fact that they could not afford their mortgage in the first place. There are listings available that show prospective buyers many homes that are discounted due to the original owner defaulting on their mortgage.
Use the many online resources wisely and read through foreclosure listings to find a home at a great price. Its too bad that your good fortune could come at the price of someone elses misfortune but looking at foreclosure listings could save you tens of thousands of dollars off when buying your home.
Free or Paid Subscriptions?
There are free and paid foreclosure listings available that show you power of sale properties at a fraction of the original listing. Free listings might not be updated as regularly as the listings you pay a subscription fee for. Take a look at all the available options before paying for a subscription service.
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http://buyfirstdeal.com Buy Foreclosed Homes Secrets. To buy foreclosed homes, there are several things that you need to consider. First is you need to conduct inspection of the property before ever giving an offer to the seller. This is very important as your potential profit is highly dependent on how much you can get the property for. There’s a simple Math that you need to crunch to arrive at a good price for the property. Find out about it when you register for FREE at http://buyfirstdeal.com
Duration : 0:1:56
With real estate down, the number of foreclosed-upon properties growing and buyers looking for deals, are foreclosures a smart purchase? Bloomberg On Demand explores the risks and rewards of the buying at every stage of the foreclosure process.
Duration : 0:5:18
New York Foreclosed Homes Source: Visit http://www.e-foreclosuresearch.com/ and Search our NY Foreclosure Listings to Save Money. Our Database includes Foreclosure Homes for Sale, Bank Foreclosures and Repossessed Properties
Duration : 0:0:34
http://buyfirstdeal.com How To Buy Foreclosed Homes. If you want to buy foreclosed homes, a good suggestion that I can give you is to look for a seasoned property wholesaler. He has a huge list of prospective properties that you can potentially buy with as low as 70% of the property’s value. That’s a good bargain for you as you will get the property at a very low price. If you want to learn more on how to buy foreclosed homes, join our group of people interested to buy foreclosed homes for FREE at http://buyfirstdeal.com
Duration : 0:2:33
http://www.FreeForeclosurecourse.com
Real Estate Investor Dwan Bent-Twyford teaches how to buy and sell foreclosures for huge profits. Foreclosures Real Estate Investing Flipping Houses Flipping Homes
Duration : 0:3:24
