Are condos put on foreclosure list?
Question:
Answer:
Yes, condos can be put on a foreclosure list. Basically, any real property where the owner has not paid taxes, mortgages, or liens can go on a foreclosure list.
one is for $300;0000000
no! eww...thats disgusting!
sure, if you know where to look.. I see it on TV all the time, people buy for like 300-3,000 an flip it for $80,000 I personally think its bull **** they go for that cheap but never looked into it..
Any real estate that gets foreclosed upon... gets on a foreclosure list.
Use foreclosures as just another option in your housing search. Don't expect to buy things for half price. If somebody owns something worth $100k and there is a market for it, there is no reason to NOT try to get $100k for it.
The foreclosures that people make money on are the same as other listings that people make money on. The property has to have something wrong with it that makes it difficult to sell. You see it and realize. "Hey, I know how to fix those things myself!" You can then buy it for less than what the "fixed up" cost would be.
A GREAT deal would be ... buy for $30k, put in sweat equity and $10k of supplies. Sell for $80k. To do that, you'll need alot of patience and be willing to buy whatever kind of property is a money maker - in whatever part of town that one shows up.
http://www.foreclosures.la
Offers foreclosure information on available homes.
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