Archive for January, 2010
Is there a way to search for homes for sale or new homes in a specific school district?
We are looking at moving into a larger home, however, we would like to stay within a certain school district, is there any where you can seach this way, and get all the lisitings, new construction and exsisting?
In most cities there are realtor’s websites that let you search on various areas of the city – that would narrow it down some. I don’t think many let you actually search by school district, but the district is usually shown in the listing.
How do you go about looking at foreclosed homes with potential to buy?
Hubby and I are thinking about buying a new home. What’s the first step to look at foreclosed homes? Do I call a bank, a real estate agent, or do I have to pay one of the web sites online (e.g. www.foreclosure.com)?
You call the local realtor. That is where lenders list the homes for sale
Can you really buy foreclosure property for no money down?
I have been watching late night infomercials claiming you can buy property for less on the dollar and more importantly for zero money down? How is this possible and does it violate any state laws for taking advantage of their situation?
Beware of the Late Night Infomercials! They are expensive, and most of them haven’t even used their own program. My course costs just $14.95, and it’s guaranteed – plus, I’ve done everything in my course, and have made hundreds of thousands doing it.
I won’t lie, I’m not a millionaire yet – but should be someday.
Flipping houses is a great profession to be in. I currently flip houses for a living, and have had a blast making hundred’s of thousands of dollars. The key is to do as much work as you can on your own.
Did you know that you can make $40,000 + on a house, and never even own it?
Take a look at my website – I just put it online last month -
Please realize that Flipping Houses is not a "Get Rich Quick" Scam!
Do as much research as possible before starting on your first flip -
http://www.learntofliphouses.com
Kind Regards and Good Luck!
Adam Monforton
My dad’s house is going on foreclosure, can the Repo man take my things?
My dad’s house is going on foruclosure, can the repo man take MY STUFF that is in my ROOM? or can he take only what belongs to my dad? If we clear the house out of ONLY the necessaries before they come is that okay? I mean what if take only 20% of our things and rest the repo men can take.
BTW we live in VA.
Your personal property is yours, the only thing the lender (repo man is new to me) wants is the house. The lender would actually prefer you take all of your stuff. Fridge, stove, furniture, clothes, etc. are yours. Tub, toilet, HVAC system, hot water tank, etc. need to stay.
Why weren’t the foreclosures stopped in the housing market if they cause so many problems?
One people started losing their homes to for closure why couldn’t the foreclosures stop, have people continue the same payments until something could be figured out without so many people losing their homes and creating the state of the housing crisis?
This is a very complex problem, I will attempt to do my best to answer it.
Firstly, one must realize that banks are private organizations. Thus, under American law, they are allowed to do anything with their money that they want, so long as it is legal. And the American way of doing business is for the Gov to keep their noses out of it as much as possible. Thus, very few things are illegal compared to how many ARE.
Now, since banking and loaning are all private, the government is hardly justified in stepping in to FORCE the banks to stop foreclosing on property. It is still their property after all.
Another problem is that many people that are being foreclosed on probably should be. Again, the error most likely falls to the banks for lending money to households that had little probability of being able to pay it back, but the fact remains that many homeowners either should not own homes, or own homes that are well beyond their means to support. In those situations, it would be UNJUST for the government to force banks to stop foreclosures.
It is still a fact that much of the financial problem in America stems from a collapsing mortgage market and ever-mounting foreclosures. However, mounting debts is a more fitting description, since one of the reasons that Americans can’t pay their mortgages is that they are entirely waylaid by other mounting debts that offset their ability to pay (credit cards). So the problem is bigger than foreclosures anyway, and forcing them to stop wont’ likely fix anything.
In fact, it might make things worse by encouraging homeowners not to pay their mortgages, because of a forced security.
What banks need to do, in all probability, is loan out MORE money. However, better measures need to be in place to ensure that those loans are likely to be returned. If the government needs to do anything, it likely needs to be forcing banks to be more careful where they put their money.
Anyway, this is a very partial explanation to an immeasurably complex problem.
Why did 3 more of my liberal neighbors put their brand new homes up for sale?
Yes I know they are liberals who voted for Obama.
Brand new expensive homes too. Right across the street…Why would anyone put their home up for sale in this market…I’m thinking they are not responsible and bit off more than they can chew…Do you think they still glad they voted for Obama?
DON, if you are going to call someone a "loser" at least learn how to spell it.
They listened to Bill Clinton back in the day when he told them they were entitled to more house than they could afford. Now they are gonna listen to Obama when he tells them they are entitled to everything everybody else has. Some people, especially jealous, greedy liberals, never learn.
what are some good websites that have foreclosed homes that I don’t have to get a trial membership to look at?
i’m looking for a foreclosed home but all the websites ask for your credit card number. i don’t think i should have to pay (or even give my credit card number) to look at home listings. are there any websites that don’t require a credit card to look at foreclosed homes?
ok, so my mom is a real estate agent, would she be able to access that information?
Contact a local REALTOR who specializes in foreclosures and or is an agent for HUD. A good agent will be able to help you achieve your goal of purchasing property.
You can access the HUD web site and see what is available in your area. Their sales are auctions and offered first of all to anyone who is buying in order to live in them and if nobody in that category wins the bid then they offer to investors. I believe they only deal with agents who are registered with them. The paperwork and requirements are a little complicated and so you need that agent anyway.
Our local MLS allows us to search for properties that are bank owned. Also, the agent is usually paid by owner of the property so his or her services will be free for you.
How do I buy a foreclosure house without going to school for 5 years to learn how to do it?
I would like a good deal Im new to the foreclosure market and never even bought a house before. Can anyone sum up for me real quick the fastest way to do it? I read http://provenforeclosurefortunes.com lets you get a house for $600, has anyone ever got a house from them? Im looking for the fastest way to buy a cheep house thanks.
Sounds a bit suspicious. I would suggest reading books on the subject. Some will even walk you step-by-step through the process of obtaining, preparing, and selling foreclosure properties.
Foreclosure Short Sales Kit
http://tinyurl.com/mcpydz
Foreclosure Investing for Dummies
http://tinyurl.com/m9zvhq
…or really any number of good books on Amazon.
FHA Loan – New construction -Foreclosure – is it possible?
We have found a home, never been lived in, recently finished and is a foreclosure. The Bank/realtor says no FHA or VA loans. Why no FHA loans? Is there a way around it and still get an FHA loan?
House is complete and been on market since Sept 08
Have done walkthrough, home is new, everything that I see is completed.
The bank doe snot have to take FHA if they do not want to.
most likely the house is not 100% complete, so FHA will not accept it.
How do I find foreclosures in Brooklyn, NY?
Im on a budget and was told that foreclosures are a good way to go to find a new home.
This article provides information on how to find foreclosure homes for sale all over the country:
http://mightymortgages.com/where-the-half-price-homes-are-and-how-to-buy-them-16.html