Know any good web site to buy Property in foreclosure for cheat?
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Answer:
They are sold online. They are literally sold on the court house steps. Find a good broker who will help you, as there are sharks out there and you will need some teeth of your own if you want to get a deal.
Do you mean escheat? Or do you want to do something dishonest?
go to your local county court house and ask for the forclosure list or go to your local sherrif's website and look for auctions
i will find you a property and help you get a mortgage, and i will not charge you a finders fee, because what i want is the mortgage. what state would you like? the best time to buy a house is when its in PRE-forclosure, this is the best time because it doesn't have to go through judicial closings, and auctions. i can get you a house that would normally sell for 150-200 thousand, but it would cost about 90,000 to 120,000, thats like free equity, so gimme a call, and i will help you out. 203-729-8900, or 203-410-4427, ask for david powell
Flipping houses is a great profession to be in. I currently flip houses for a living, and have had a blast making hundred's of thousands of dollars. The key is to do as much work as you can on your own.
Did you know that you can make $40,000 + on a house, and never even own it?
Take a look at my website - I just put it online last month -
Please realize that Flipping Houses is not a "Get Rich Quick" Scam!
Do as much research as possible before starting on your first flip -
http://www.learntofliphouses.com...
Kind Regards and Good Luck!
Adam Monforton
The true answer is that there aren't many good deals in buying foreclosure properties. The reason for this is that there are large companies that buy the majority of foreclosures for a slim projected profit. Example, here is Southern California, there are seven companies that buy over 90% of all foreclosures (of which there are very few to begin with-I'll explain that later). When these homes actually go to auction, say that the market value is $700,000 (yes that is a realistic number, I just sold a middle-class home for $775,000). If you go to the auction thinking that you'll buy it for no more than $600,000 so you can spend a little on renovations and then flip it for a quick profit of approximately $50,000 after costs. Not bad for a month's worth of work. However, these large companies also know this and they will place a bid right away at around $640,000 because they can afford a slim profit margin since they do this all the time.
Right now, foreclosures in So Cal up up over 100%. But that is nothing because what that really means is that the number of properties with a Notice of Default filed doubled. That still sounds huge until you find out that it only means less than 100 NOD's were filed last month. County-wide, that is a very small amount.
Things might be different where you live but it's not likely. The ads that you see for people making a ton of money on foreclosures aren't telling you that they make their money by selling you a ticket to a seminar and sell you their materials at the seminar. Most of these so-called investors don't even buy real estate anymore.
If you are still interested in investment properties, (and you are in Southern California) let me know. I know of many good opportunites in almost any price range.
Did you actually mean "web site to buy Property in foreclosure for cheap?" If so, I am trying to pursue the same type of purchase. Maybe a little extra work can save a good amount of $. Here are a few sites I found:
www.fsbo.com
www.nyforecolsures.com
www.propertyshark.com
www.Owners.com
If anyone else has further info, I would be interested as well.
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