myBankOwnedProperty.com

Online Sources for Foreclosure Advice

Rowland — Tue, 17 Nov 2009 21:37:59 +0000

Are you a homeowner who is on the brink of foreclosure and your lender has already started the proceedings? If you are and have limited financial resources, you might not be able to hire a lawyer to provide you with expert advice. Although nothing is better than professional help, you can turn to the internet.

When using the internet to find advice about foreclosure or to learn what your rights are as a homeowner, visit the website of the state you reside in. This should be the official website for your state. Search the site for information on foreclosures, you should find information on the foreclosure laws in your state of residence, as well as detailed information on how the process works. This information may also be available from other sources online, but you know the information is accurate and up-to-date when you get it directly from the source.

Another type of website that you may want to checkout is that of foreclosure attorneys or those who specialize in real estate. Many lawyers will share important foreclosure information and tips on their websites, available to you free of charge. For example, a current search of foreclosure attorneys will tell you that in some states, foreclosure can be stopped right in its tracks when bankruptcy is declared. Although not all attorneys are willing to divulge all of their secrets, you may be surprised by how much information you can find online.

The internet can also be used to help you find and hire a lawyer. As previously stated, those facing foreclosure don’t always have the financial resources needed to hire a lawyer, but there are ways around this. Some lawyers will accept cases pro bono and others will work out a payment agreement with you. As for when you should hire an attorney, you should do so if you fall victim to a foreclosure scam or if you believe that your lender is treating you unfairly and illegally. As a reminder, lawyers specializing in real estate and foreclosures are recommended.

Credit counseling websites are another resource that you can find online. This is a controversial and sometimes risky approach, but help is out there for you. Some credit counseling companies may try to work with your lender for you, and may result in a more affordable monthly mortgage payment for. With that in mind, there are many scams that surround these companies, even those that claim to be non-profit organizations. For that reason, do the proper amount of research online first or check with the Better Business Bureau (BBB).

The website for the United States Department of Housing and Urban Development (HUD) should be visited as well. There you’ll find a lot of information that isn’t only from a reliable source, but accurate. This website can be found at HUD.gov. There, you not only can review your options before, during, and after foreclosure, but you can be connected to valuable resources, including a HUD approved housing counselor. Also online, you will find a number of websites that are operated by individuals just like yourself. Many have dealt with foreclosures firsthand, some came out on top, while others didn‘t. These types of websites can be used to provide you with valuable resources, as well as support. Hearing how to deal with foreclosure firsthand, through someone who has been there before, may be a source of comfort for you.

Technorati Tags: Foreclosure, late-mortgage-payments, notice-of-default, reo

Rock Real Estate Investments 2nd Interview on Great Day SA! Talking Foreclosures

Rowland — Fri, 19 Feb 2010 15:01:27 +0000

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

Duration : 0:5:29

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CA foreclosure listings

Rowland — Fri, 19 Feb 2010 15:01:25 +0000

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.

Duration : 0:0:30

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THUGS ARSON FORECLOSED HOMES

Rowland — Fri, 19 Feb 2010 15:01:20 +0000

THUGS ARSON FORECLOSED HOMES
North Minneapolis

Duration : 0:1:40

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Question about buying foreclosures?

Rowland — Fri, 19 Feb 2010 06:42:20 +0000

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.

Lesson Series – Buying Foreclosures at the Courthouse

Rowland — Thu, 18 Feb 2010 11:52:20 +0000

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!

Duration : 0:1:22

Technorati Tags: Atlanta, auction, education, Estate, Foreclosure, Georgia, Investing, investor, investors, metro, north, Real, reia, training

San Diego Home Forecast 2010 – San Diego Foreclosures Home Outlook

Rowland — Thu, 18 Feb 2010 11:52:16 +0000

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

keywords: real estate outlook, real estate forecast, real estate market, real estate market outlook, home value outlook, home value forecast, San Diego homes for sale, San Diego home listings

Duration : 0:7:29

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Beverly Hills Homes, Bank Owned Foreclosure Beverly Hills Homes – http://www.ChristopheChoo.com

Rowland — Thu, 18 Feb 2010 11:52:03 +0000

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

Duration : 0:10:0

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How to go about buying a foreclosure property?

Rowland — Thu, 18 Feb 2010 08:26:37 +0000

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.

Real Estate News 67 Implod O Meter, Foreclosure Fallout, Buy

Rowland — Wed, 17 Feb 2010 09:00:25 +0000

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

Duration : 0:10:16

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