Foreclosure List?
Question:
list? I would like to buy foreclosure houses and lands. Thanks.
You can contact a few local mortgage companies and get set up on their foreclosure notification lists. Another option is to visit the court house, there will be posting for foreclosure auctions that will be taking place in the future.
This is an easy one. You must have an idea in which area you wish to buy. Go to the source. Go to the banks in your desired area and ask for their foreclosure lists. They would be happy to help you out. The foreclosures that they have to carry are a huge drain on their cash position and they want them gone in the worst way. Many times they will come to an accommodation with you and provide special loans etc just to help clear their books. It's a win win situation. They help you find a great place at the right price and you help them clean their books. Try it out!
Be careful when you invest in foreclosures, you need to do your proper due diligence; otherwise, you could end up owing more than you thought you'd save. There might be taxes, assessments, mold, and other issues with the property. To learn more how to research and invest in foreclosed properties, I suggest buying from amazon or bookstore this book: Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days [ISBN 0978834682] by Don Sausa.
If you want a list of foreclosures online, you should look into http://www.investingwithoutlosing.com... which has free lists.
If you wish to buy to keep, you will do well.
If you wish to buy to flip, you are taking
a chance. Many foreclosures are those
properties whose market values have fallen below the cost to build.
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