I don't want to sign to any membership office, i need to know the steps to obtain a foreclosure house in whittier. Any ideas?
my email address is anabelbobo@yahoo.com. I just got my real estate license and need info on repos.. Thanks..
2006-12-28 13:43:53 · 5 answers · asked by UNLEASH 1 in Business & Finance ➔ Renting & Real Estate
Well, step one is to contact a real estate agent....
2006-12-28 13:50:03 · answer #1 · answered by Anonymous · 2⤊ 0⤋
As in Whittier, Alaska? They have foreclosures there? Huh... I make a living at buying foreclosures, but I buy them at the foreclosure auction (court house steps). That is a pretty risky endeavor for a beginner. I recommend looking into REO's from your local banks. You will still get a bargain, but remove much of the risks associated with buying directly at the auction. Most banks have already affiliated with real estate brokers so you will be in familiar territory when you deal directly with the broker. Best of luck.
2006-12-28 13:52:35 · answer #2 · answered by David 3 · 0⤊ 0⤋
Your question contains 2 distinctly different situations, foreclosures are post trustees sale and also called repos, you also asked about homes in foreclosure. Regarding pre-foreclosures you can get a list of notice of defaults from your title company. To list post foreclosures / repo's you can get on HUD's approved agent list as you are now an agent. To buy a post foreclosure you need to either use a HUD approved agent, or contact several other asset management companies that sell their repos through real estate agents. Ask to become an agent for them in your area. HUD has all their info pertaining to being a HUD approved agent at the website shown below.
http://www.hud.gov/offices/hsg/sfh/brok/brokhowto.cfm
2006-12-28 17:52:34 · answer #3 · answered by Kevin H 4 · 0⤊ 0⤋
You should be able to get a list of foreclosures from the county offices where you live. They may even be listed on their web site. Personally I would not recommend purchasing a foreclosure on the court house steps. Way too risky.
2006-12-28 13:51:49 · answer #4 · answered by KC 4 · 0⤊ 0⤋
I would say stelp one is find a property, then finding out how much financing you can get.
You'll have to decide between a foreclosure auction or an REO meaning after the auction when the bank has taken it back.
You can start your search here:
http://www.foreclosure.com
2006-12-29 04:01:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋