Foreclosures?

Question

SOMEONE PLEASE HELP!
Me and my family want to buy a foreclosure house in North Fontana,CA but we cant find any that we can buy that are real estate owned or how ever you buy foreclosures. We also got a real estate agent but she hasn't got back to us and was really no help at all,if anyone can help that would be great.

Answer 1

As I am not a California agent, the information I have may not be 100% accurate, but my search records indicate there are 229 bank owned homes in Fontana, 652 homes that are pre-foreclosure, and 66 homes that are set to go to auction on November 9th. I can also refer you to an agent that is in my referral network if you would like. If so, please visit the website below and send me an e-mail. Good luck to you!

Answer 2

The market has inflated so much in California that there are few if any foreclosures available because people can sell their homes for more than is owed on them. There are few if any foreclosures in the southern California market. The foreclosures that are available are usually trashed and not necessarily the best deals or neighborhoods. The market has corrected slightly from 1-2 years ago and the banks will try to sell their REO properties to recoup the loan amount which may actually be greater then the current value of the property. There is a reason why they went to foreclosure instead of selling on the open market. There are no good deals out there yet even though the market has slowed somewhat. That may change. Now if you want a good deal come to Texas. You can buy a brand new 1800 square foot 4 bedroom 2 bath all brick home in a planned subdivision with brand new schools, waterparks, lakes and pools with a temperate climate, no pollution, low crime rate, higher median incomes, no state income taxes and plentiful job opportunities.
New homes start in the low 100's. I am a licensed real estate broker in both California and Texas and I have licensed agents working in my Southern California office that service the Fontana area.

Answer 3

Hi, yes there are many different ways to buy and find foreclosures. There are some online listing services available to help you find the perfect one. I recommend Foreclosure.com. They also provide handy articles and tools to guide you through the actual process which can be touchy at times.

Some real estate agents don't like working with foreclosures, either because they are not familiar with the practice or because of liability if the deal falls through.

If you get all the information on the property you need (available on the listing service) you may not even need a realtor.

Good luck

Answer 4

If your interested in finding a home on the internet. Try foreclosure.com. There you can search foreclosures all over the country including North Fontana, CA. If you dont find a foreclosure, they also allow you to search HUD homes, preforeclosures, and bankruptcies in your area. So you have many different choices and categories to search for a home.

Answer 5

Agents are not going to just up and give you listings to foreclosures. Personally the best way to find a foreclosure is to catch it in its NOD (Notice of Default) stages. The best people to contact would be Title officers and collectors for major lenders such as Wells, Fremont, or even AMC. These people see it before everyone else outside of the original owner. Once it goes to the courts, Good luck. You have private firms that will outbid anyone and everyone if its in their best interest to purchase. SO unless u have capital, Networking with these people will be your best way.....

Answer 6

Go to your county courhouse and ask the employees there where the foreclosure filings are. Go there every day and get the new ones that pop up. Once they are on the internet websites (foreclosure.com, etc) they are already a few days old and a lot of real estate investors have gotten their hands on them. Get them while they're hot right from the source.

Answer 7

You can check the HUD site:
http://www.hud.gov/homes/index.cfm

There aren't any listed there in Fontana at the moment, but keep checking. You can also check with your local banks. There still are some banks that keep the loans in-house (they don't sell them). They may be able to help you.

Some banks list their foreclosures with an agent. So a Realtor should also be able to check the MLS for foreclosures or bank owned properties.

Good luck!

Answer 8

Make a Telephone call to the local banks and Loan Companies. Ask them if they have any foreclosures they want to sell. Real Estate people may feel that it is not worth their time.

Answer 9

you can search the lists at forclosureworld.com I don't know if they still give you a free sample search, but the service is costly, about $350.00 however, you will find all available forclosures in your area! very current.