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Old 11-10-2007, 12:29 AM
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Default How can I find forclosures

I would like to start buying properties but how can I get them real cheap before other people get to them.
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Old 11-13-2007, 10:59 AM
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Default Re: How can I find forclosures

Bankruptcy courts and foreclosure department at banks and mortgage companies could be a good place to find deals.

Have the cash ready and shop around. Negotiate. Be ready to get the property if you are sure you want it. Make counter offers below the ask price. Those are properties that 'need' to be sold and it makes no sense to pay the ask price for the property.
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Old 02-10-2008, 07:00 AM
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Default Re: How can I find forclosures

Find local realtors in your area that specialize in foreclosures or bank owned properties.
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Old 02-19-2008, 01:59 AM
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Default Re: How can I find forclosures

i don't know if this is true but ive done some research and have heard in some states the party whose property was foreclosed on have up to a year to pay the mortgage and it becomes there's no questions asked...is this true?
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Old 03-01-2008, 11:53 AM
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Default Re: How can I find forclosures

Quote:
Originally Posted by uconnfb View Post
i don't know if this is true but ive done some research and have heard in some states the party whose property was foreclosed on have up to a year to pay the mortgage and it becomes there's no questions asked...is this true?
Once the bank or lender forecloses on a property it belongs to them. The person who owned it before no longer has rights to the property. The bank becomes the owner on title.
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Old 03-03-2008, 12:29 PM
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Default Re: How can I find forclosures

There are many resources available on the web with the help of which you can find properties for sell.

Best thing is to do a search in Google.
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Old 04-15-2008, 04:59 AM
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Default Re: How can I find forclosures

Quote:
Originally Posted by MichelleH View Post
Once the bank or lender forecloses on a property it belongs to them. The person who owned it before no longer has rights to the property. The bank becomes the owner on title.
What you are asking about is called a right of redemption. In some states, the buyer of a foreclosed property can lose his purchase if the foreclosed owner can make good on his previously bad mortgage.

It's not fair to the investor/second homeowner who buys the foreclosed home. The foreclosed owner has had months to bring his loan current. If it could not be done in a reasonable time, it is time to move on with everyone's life and opportunities.
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Old 05-26-2008, 05:54 AM
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Default Re: How can I find forclosures

i think you should just consult to the real estate agent, they give you the better suggestion as per your requirement .
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