We currently live in michigan around detroit. We are looking to go to monroe county. The problem is what we want and can spend dont match up very well. So I was hoping to find a forclosed/bank owned home. I know their are tons of them out there, but no one wants to help me find them. I do tons of yahoo and google searches but all i come up with is where you have to pay etc. There has to be a way to get some list without payinig a bunch of money to find out the details.
2007-10-22 09:20:00 · 9 answers · asked by cashmonkies 1 in Business & Finance ➔ Renting & Real Estate
The bank owned homes are listed just like the others in the MLS, any real estate agent will give you a list of them for free.
Don't expect them to be seriously far below market price though. The term "short sale" refers to selling below the amount owed, not below the homes value.
2007-10-22 09:55:27 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Call your local real estate agent. Most of these foreclosed homes are immediately listed with real estate firms as soon as the bank receives title to the properties. A few 'local banks' which still hold the loan in house might sell without real estate brokerage. You can contact some of these banks to see if they have any REO property on the books.
2007-10-22 09:23:38 · answer #2 · answered by acermill 7 · 0⤊ 0⤋
Julia, basically you 2 can come to a sort that. yet what i will share with you is that a foreclosed house is far less complicated to purchase, yet no longer unavoidably in circulate in situation. So verify you have an inspection, and purchase identify coverage that protects you the customer. do no longer hassle with short sales, those lenders are not waiting to make a call, and albeit try this form of disservice to no longer basically the marketplace, however the sources proprietor and every physique else in touch. this is basically a nightmare. Fannie Mae and Freddie Mac are good ones, because of the fact they have the brokers bypass by way of the properties and fasten issues that are protection concerns. they might even fix some minor issues. in case you determination one, bypass with their ultimate corporation on account which you extremely do shop money. And especially circumstances, they provide you 3.5% to apply or purchase home equipment. those are huge issues in at present's buying international. suitable of success!
2016-10-04 09:09:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Maybe if you check at the the court house. Our local paper list houses that are going to be foreclosed on and maybe a real estate person will help you. Good Luck
2007-10-22 09:24:43 · answer #4 · answered by nice3fishinggal 6 · 0⤊ 0⤋
Realtors have access to this information for free. Realtors will give you all information you want if they believe they can help sell property to you. Take advantage of their services. Mortgage and Title co. may have this information as well.
2007-10-22 09:38:54 · answer #5 · answered by dmarie 1 · 0⤊ 0⤋
Try going to a realtor in your area....they list tons of foreclosed homes...
2007-10-22 09:27:36 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I was recently referred to 1-800-355-4911 for when we are ready to do the same. I have not called them yet, but they can also direct you further and answer your questions.
2007-10-22 09:29:49 · answer #7 · answered by Dana B 2 · 0⤊ 0⤋
There are many different sites to view foreclosed homes, HUD.gov: http://www.hud.gov/homes/
or
Accessing the MI-Foreclosures.com Database
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To access the MI-Foreclosures.com Database, go to: http://www.MI-Foreclosures.com
You have to sign-up but it is absolutely free of charge.
and
And as previouly stated, most any realtor.
Good luck,
emortgagecenter
2007-10-22 09:59:54 · answer #8 · answered by emortgagecenter 2 · 1⤊ 0⤋
try a real estate agent -- they get commission from the seller so no cost to you theoretically
2007-10-22 09:28:29 · answer #9 · answered by Steve P 5 · 0⤊ 0⤋