We are looking for a bargain in buying a home...
Any suggestions?
Lien sales, Foreclosure sales etc?
2006-08-19 19:04:27 · 10 answers · asked by Mr. love 3 in Business & Finance ➔ Renting & Real Estate
ask a real estate agent if they know of and foreclosures, some of them get a list. The liens, you will have to go the the housing dept for when they are going to auction them off.
2006-08-19 19:10:48 · answer #1 · answered by singitoutloudandclear 5 · 0⤊ 1⤋
First find a reputable realtor and ask him/her to find foreclosures or bank repos in the area you are interested in. Lien sales don't usually end up in you owning the home, plus for most you have to wait a minimum of 3 years before you can lay claim to the house and then depending on the state you are in you would have to have 100% vested interest in that property anything less and a judge won't be quick to hand over the deed or evict the tenants. In my experience sheriff sales could net you a house, but if the mortgage giver (bank or company that gave loan) is present at the auction they will pump up the bid until they either get the amount they want for the house/property or get the property.
As for other suggestions - Look for houses that have been on the market for a while. People become desperate after a while and will be more willing to work with you on the price or other things (paying closing costs, home warranty, etc.) Hope this helps.
2006-08-19 19:14:04 · answer #2 · answered by Babel Bella 4 · 0⤊ 0⤋
Watch foreclosure postings. They are a matter of public record. Contact the homeowners. Find out if the loan is FHA or VA. Both offer "short sales", which is the lenders accepting less than what is owed on a property. There are specific guidelines but both could result in getting a property for 12 to 18 percent under market value.
2006-08-20 07:12:07 · answer #3 · answered by mrs_palmenator 1 · 0⤊ 0⤋
lien sales are tricky as are foreclosures, id start off looking at parcels that have been on the market a long time, alittle run down, being sold out of an estate people have moved far away etc.
2006-08-19 22:56:03 · answer #4 · answered by titanbooboo 3 · 0⤊ 0⤋
Locate owners of vacant houses through the tax assessors office and negotiate it before it goes on the market.
2006-08-23 00:43:55 · answer #5 · answered by Barbwired 7 · 0⤊ 0⤋
follow the link
2006-08-19 22:54:04 · answer #6 · answered by Piffle 4 · 0⤊ 0⤋
Ask a buyer's agent to find one for you. This article explains buyer's agents
http://www.danmelson.com/posts/1148583869.shtml
2006-08-20 01:04:53 · answer #7 · answered by Searchlight Crusade 5 · 0⤊ 0⤋
Liar. No repoublicans i recognize are promoting their homes nor do they hate this. Making you a liar. record me, even if the reality is prevalent. promote them to who? Welfare queens and drug addicted queers?
2016-11-05 05:13:27 · answer #8 · answered by ? 4 · 0⤊ 0⤋
negotiate price with the seller, people get divorce, sickens,relocation - you never know haw much the seller can go down if you don't ask
2006-08-21 15:46:53 · answer #9 · answered by bianca 4 · 0⤊ 0⤋
Look for the phrases "charming fixer-upper" or "for the do-it-yourselfer."
2006-08-19 19:10:49 · answer #10 · answered by Anonymous · 0⤊ 0⤋