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Back Again talking about foreclosures, buying houses with your retirement account, and how you can earn 8-12% return on your money or credit investing with me! If you want to learn investing I can point you in the right direction! Thank you for watching!Visit my blogs for advice on what to do with your house in a tough situation www.7dayclose.net/blog to buy investment homes, www.belowmarkethousedeals.com/blog

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Foreclosure Listings of real estate Bank Foreclosures, Foreclosure Homes, Repo Homes And FSBO Real Estate All Updated Daily at Foreclosure Listings.com Your Online Resource For Foreclosure Homes.

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THUGS ARSON FORECLOSED HOMES
North Minneapolis

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What is the difference between buying regular real estate and purchasing a forclosure? Do you have to put more down on it? How do you go about finding forclosures, have to pay on those sites? How do the lending requirements differ? Is it a good way to buy a house?
I just saw those forclosure websites, don’t know anything about them, though. They aren’t listed on the regular MLS and I wonder how to find them w/out paying money.
Don’t know about before and after foreclosure…

You can go to a bank and ask them for their foreclosure listings. A foreclosure is a piece of real estate, let’s say a home, that the owner couldn’t keep making payments on, or lost due to nonpayment of taxes, and whoever owned the mortgage took the house. (I’m being very general here) and now they’re selling it.
You can get a great deal on a foreclosure, because everyday the bank has that house, they consider it a loss, so it’s in your best interests to look into them.
My husband and I were looking at houses and our real estate agent asked if we wanted to look at a foreclosure. We saw it and we loved it. She told us the former owner was a contractor and he built it himself, but his business went bad and he couldn’t afford to keep it. He tried to sell it, and painted the whole house (it was in perfect condition when we bought it) in anticipation of selling it, but it didn’t work out and the bank took it.
Now we were lucky because a lot of people, when they know they’re going to lose their house, will sabotage it. I’ve heard stories of people pouring concrete down all the pipes, so the new owner had to replace all the pipes, but these are things you must look at when you look at the house and if you’re serious, have an inspector look too. You’ll have to have it inspected anyway, before you close.
You don’t have to put more money down on a foreclosure. We got a fixed 30 year mortgage and it was no different than if we were buying any other kind of house.
We did not have to pay cash. In fact, we did a piggyback mortgage, which is one mortgage for the deposit (we did a 3% downpayment) and one mortgage for the remainder. The smaller one was at a higher percentage rate but after six months we consolidated, cashed out a bit to pave the driveway, and got a great percentage rate.
It is a good way to buy a house as long as you are savvy about the condition of the house. Also, make sure you do a title seach (which is the law in NY and NJ) because if they los the house because they couldn’t pay, they probably have unpaid debts that have been put against the house. When you do a title search, the title company looks for those debts and makes sure the bank shows proof that they were satisfied, or they must satisfy before you close, or you will be responsible-so that’s another thing you must look out for.
Worth it? You bet.

North Metro REIA provides quality education, support, and networking for the Metro Atlanta Area for Real Estate Investors and Real Estate Agents! Check out our web page for details including our 70 hours of recorded audio training updated monthly that benefits investors anywhere!

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http://www.brokerforyou.com/brokerforyou/ San Diego Home Forecast 2010 – Opinion on the 2010 San Diego real estate outlook. Why San Diego foreclosures will still have an impact on the San Diego homes for sale market in 2010. brokerforyou.com Bob Schwartz is a San Diego real estate broker with 30 years experience. If you own a San Diego home or are planning purchasing San Diego real estate Bob’s San Diego 2010 real estate outlook is a must read. You can also search San Diego homes for sale (San Diego MLS) at: http://www.brokerforyou.com
California real estate license #00706331

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Beverly Hills Homes – http://www.ChristopheChoo.com
Los Angeles Homes, Los Angeles California Homes.
Live in a gated community with Royalty, Sylvester Stallone, Rod Stewart and many other celebrities and business moguls. To learn more about this property or other homes in Beverly Hills, Bel Air, Holmby Hills and surrounding Los Angeles Westside areas, contact:
Christophe Choo Real Estate Group in Beverly Hills (310)777-6342
email at Christophe@Christophechoo.com
Beverly Hills Homes – http://www.ChristopheChoo.com
Beverly Hills luxury homes for sale real estate for sale luxury home foreclosure property REO

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I’d like to buy a home, and am trying to find out details on buying foreclosures. How do I go about finding and inspecting homes going to auction? What do I need to do to prepare? Have any real people (ie, you or someone you actually know) had any good/bad experiences buying foreclosures you can share?

I have known a lot of people who have purchased homes from HUD. They fix them up and either live or rent them out. These same "investors" went to their banker and asked to see who were on their list of coming foreclosures and offered to buy their mortgage out. Why? The person holding the mortgage may accept being purchased out of their home than ruining their credit. However, for more details and answers on this method, contact your local banker.

www.ReNewsYouCanUse.com Implode O Meter, A cool website about the mortgage market. The Foreclosure fallout, and How to buy foreclosures and more!

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http://www.BrowardHomeSales.Info Broward County Foreclosure Listings. Buy a house in Pembroke Pines FL, Learn how to buy a foreclosure. FREE drastically reduced listings.

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