2007-03-16 15:11:04 · 10 answers · asked by Joe G 1 in Business & Finance ➔ Renting & Real Estate
Go to a real estate agent. You dont have to give a credit card.
2007-03-16 15:15:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you want to get the BEST DEAL possible on a foreclosure, DO NOT go to a real estate agent when searching for a property.
Here's Why:
Banks are required to do two things:
1. List the foreclosure with a Realtor
2. List the foreclosure at market value.
By using Realty Trac or those other "Credit Card Required" websites, you are able to look into the lending records and find the balance left on the mortgage, default amount, subsequent liens etc., etc..
By knowing this information, it gives you the edge. I have watched many foreclosure deals go for 10's of thousands below market value, only because the buyer did their homework.
2007-03-16 17:25:34 · answer #2 · answered by themligroup_com 2 · 0⤊ 0⤋
There are two major reasons homes are foreclosed on: failure to pay the mortgage and failure to pay taxes. Depending on which type of foreclosure you're seeking, you can visit the HUD Website, Bank webs may list Real Estate Owned (REO)'s and there are several on-line services that will help you find them. We prefer to check the county clerk's office, banks and neighbors. If you know an area well, you'll know of distressed owners before they get foreclosed on and you can often work out a deal with them. We have several Lease Options with the original home owners living in them. We don't offer this if the payment and credit history is bad, but we do offer it if we see the owner is in a situation that is being corrected.
2007-03-20 12:11:25 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you know the county where the homes you are interested in, look in that county's paper. The legal section will have all the info on foreclosures that are going to be auctioned off.
Usually, the auctions are once a month so the previous month will have all the info you need. You can just go to the newspaper's website and pull up the legal section, click on foreclosures and read the small print for the address. Mapquest the address and there you go.... and its FREE.
2007-03-16 15:48:07 · answer #4 · answered by real_estate_barbie 3 · 0⤊ 0⤋
you are speaking of looking for it on the net.
you can call local lenders to the community where you are searching in. ask them if they have any REOs, which means that they foreclosed on someone and now want to sell the property.
sometimes foreclosed properties are listed in the for sale section of the newspaper.
Realtors that specialize in foreclosures are your best bet: you'd sign an exclusive buyer broker agreement, but that just means that their fiduciary responsibility is wholy to YOU, not to the seller or to themselves. they protect YOU. it doesn't cost you any money to hire one. call around to see what offices handle foreclosures.
also call the department of housing and urban development (HUD) to see which brokers close to your location are certified specialists. but those are really hard deals! if you just want to invest, not live in and own, no matter what you bid, the live in owner will win. ask a lot of questions no matter what your choice becomes. then tell them you want to hire a buyer broker (again, "hire" doesn't mean you pay them money, the seller pays).
i help specific buyers with purchasing dumps, many foreclosures, but they pay me for it. i am not out to get your biz, i am out to help you.
best of luck!
2007-03-16 15:50:06 · answer #5 · answered by Louiegirl_Chicago 5 · 0⤊ 0⤋
Go to www.HUD.gov. They are government foreclosure homes. No credit card required. Best of luck!
2007-03-16 15:20:14 · answer #6 · answered by Candice B 3 · 0⤊ 0⤋
All foreclosure listings are listed with the county sheriffs office for FREE.
Go to the sheriffs website and look for property sales or foreclosure listings. If the county has no website, call them and ask for the list.
2007-03-16 18:22:03 · answer #7 · answered by Anonymous · 0⤊ 0⤋
If you actually want to BUY a house, talk to a Realtor. If you simply want to know about foreclosures, get your card out of your wallet.
2007-03-16 15:19:41 · answer #8 · answered by teran_realtor 7 · 0⤊ 0⤋
some mastercard companies run your credit each and each month (Capital One does) countless companies quite have a clause that for the time of the journey that your credit drops under a undeniable factor, you directly initiate paying the utmost pastime fee (the "default" fee)
2016-10-02 06:20:42 · answer #9 · answered by moffat 4 · 0⤊ 0⤋
----check with banks-----------
2007-03-16 15:56:22 · answer #10 · answered by Anonymous · 0⤊ 0⤋