MY boss wants me to find the specific addresses of all the homes that have foreclosed in North Las Vegas. Crazy, right?
Try the government HUD website. http://www.hud.gov/homes/homesforsale.cfm
I just got laid off from work in June and I am currently going back to school. I would like to find a way to make money while I am going to school and I am wondering how would a person go about being a contractor cleaning out foreclosed homes? You have any ideas?
get your feet wet at a loan company or bank.
they can point you into the right direction
some banks require you be bonded for some reason,not quite sure
doubt if anyone would leave behind anything worth stealing.
perhaps they require a certain deadline for you to empty and clean the house for showing.and should you fail to meet the dealing they could bill you..you can never tell now
seems to me it would be a lot easier to work for someone who does that then to start a business.
i know when i had a fire at my house, the construction company had on hand the people to clean out the mess. you could check with construction companies too.
Mortgage company put us into foreclosure on the 1st because of being behind in the escrow but there is a second on the house, with the same company. How does that work?
That’s rotten eggs … you’re saying you’re in foreclosure for not paying your escrow (taxes and insurance)?
Have you talked to the company to find out if they are willing to restructure everything?
I keep seeing in the news that foreclosure’s are up XX% in the last year. What they never say is what the foreclosure rate actually is. I mean if it’s up to 4% from 3%, that’s a dramatic 33% increase, but it also means that there are still 96% of people still paying their mortgages.
I just want to know what the real number is.
The article I read today said that 1 in 538 mortgages are in the foreclosure process…
So, 0.2% or so. This is an almost 100% increase from last year. Some regional markets are disasters with up to 5% of houses in foreclosure (Stockton, CA is one example).
The news makes it sound a lot more scary, no?
good luck!
I’m trying to find out the best way to get information on foreclosed homes for sale in Michigan. I’d like to look at pictures, addresses, and other detail information and I’d prefer to find the information out for free. Anyone have an idea what the best way is?
Contact a real estate agent that you would use as a buyer’s agent. This does not cost you anything. And, when the sale is completed, your agent is paid by the seller (the bank foreclosing). So, you have everything to gain and nothing to lose by securing an agent.
Your agent will have access to the multiple listing service (MLS) and can start searching for homes for you. The MLS contains all types of transactions and can be filtered by foreclosures in a certain area. Your agent can then e-mail the listings to you as a clickable list. You can then go through the listings and see if any of them interest you.
Your agent will also have access to confidential supplemental listing information via the MLS, as well as links to mortgage and tax history on the property. This can be very helpful to you when trying to determine an offer amount. Your agent can also show you properties that you’re interested in. And, having an agent prepare and submit your offer can make the difference in whether the banks even read it. Sometimes they have strange requirements for submitting offers and, if anything is slightly wrong, they just reject it out-of-hand.
Regular bank owned homes are in the real estate section like any other- the bank isn’t stupid they want all the money they can get too! So if the house is worth 200,000 and 50,000 worth of leans are against the bank still wants 200,000 so they can profit.
Auction homes are found out your local court house or newspaper- they are little different. Normally bad shape and you need cash up front to buy them.
McCain wants to buy everyone’s foreclosures, is he trying to get liberal votes, did he lost republican votes?
He wants to buy up the homes that are in area where there are actually good people still paying thier bills but because a house is empty the value of the good person home goes down, and down, and then he walks away instead of paying for a home where the value has been cut in half. if the gov buys an empty home in your neighborhood, and creates financing for a new buyer that IS qualified, everyone on your block wins.
I’m in Milwaukee, Wi and I think the to time to buy is now. Any ideas on how I should approach a local retail bank or find a wholesale mortgage company? I used to buy foreclosed properties fix and flip. Now, I want to create a long term cash flow but don’t want to ruin my credit with high debt mortgages. Thanks for any suggestions.
An LLC is an entity but one that most banks and lenders will look at as a high risk borrower. They require a personal guarantuer so you might only be able to protect the asset in an llc. As a non owner occupied property the lender will give a reduced ltv at a slightly higher rate. That property at 75% rental income will qualify the next, and so on. This will work for 5 properties and then 1 must be sold before financing another. In time the LLC will have a performance record that might qualify it as a borrower but will still require a personal guarantuer. The mortgages wont ruin your credit, the late or missing of payments will do that. Timely payment will only improve your credit. As your portfolio grows, so does your cash flow and net worth. The key is to get positive cash flow numbers at 75% of the rent. Make sure you buy properties that will cap rate in your favor.
Here are four tips to help you sell your home for top dollar:
* Create competition for the property. Create an environment where multiple buyers are competing to buy. Stack appointments to show the house in a narrow window so that several buyers are at the property at the same time. This strategy taps into a buyer’s fear of loss, the single greatest spark to get a buyer to buy now.
* List it with the very best agent in the area. Interview agents and choose one who has a record of selling homes for a high percentage of the listing price. You should interview at least three agents, ask for referrals and ask for proof of their ability to do what they say they can do. Get in writing what the agent will do to market the house. Be clear that if the agent doesn’t live up to his or her promises, you want the option of canceling the listing.
* Set the right scene in your house. Make sure the house is bright, clean and open. Get the temperature right, and make sure the house smells nice. The three most important views of the house are the view from the front curb at the front of the house, the view at the front door, and the view at the front entranceway when someone first walks into the house. The combination of these three views gives the prospective buyer his or her first impression of the house. Make sure it’s a good one.
To improve the front view, use flowers with color and ensure the front porch looks tidy. The door should be either freshly painted or brand new.
The kitchen and master bedroom deserve special attention. Simple things like new hand towels in the bathroom or fresh flowers in the kitchen go a long way.
* Spend money for the upgrades that buyers want most. Before you rush off to make repairs in the property or pay for expensive upgrades, tour five or more homes of similar value that are selling in your area. See what final touches are popular with actual buyers. For example, a Jacuzzi tub can be an important feature on homes in certain price ranges but can be a waste of money in others. The key is to ensure upgrades generate at least twice their cost in the home’s final selling price.
David Finkel is co-author of the Wall Street Journal best seller “Making Big Money Investing in Foreclosures Without Cash or Credit.” He also is a full-time real estate investor and the host of the nationally broadcast “Real Estate Radio.”
Silvester Thompson
http://www.articlesbase.com/finance-articles/four-tips-to-sell-your-house-for-top-dollar-232159.html
Arizona homes have always been a hot commodity. Many people love the dry desert climate of the Southwest, and others come just for the communities and the sense of neighborliness between different areas of the community. It doesn’t matter if you’re looking specifically for Phoenix homes for sale, or just for homes for sale Arizona. There are many different options to choose from for your Arizona homes needs, so you need to be sure to know what you want before you get into anything. If you don’t, you might run the risk of buying a home that doesn’t meet your needs or a home that isn’t what you wanted. Arizona homes are plentiful, and have a great variety of options to choose from. By knowing what you want, you’ll be better able to narrow down your search and get what you want in Arizona homes, including Phoenix homes for sale and homes for sale Arizona-wide.
You should check out different real estate agents and find one that can help you with your Arizona homes search. This will allow you to be better prepared and informed for the process of buying Arizona homes, and might give you better information on the areas, including Phoenix homes for sale and other homes for sale Arizona. When you’re not from the area, it can be especially difficult to know what you’re getting into and learning the different neighborhoods. That’s where hiring a real estate agent for Arizona homes comes in handy. There is so much that they can help you with, including finding foreclosures and homes that you might not have otherwise realized were available.
Many people will tell you that you shouldn’t buy Arizona homes right now. There are many valid reasons for this type of thinking, but you can actually get better deals on Arizona homes right now than ever before. You also need to realize that there will be a difference depending on whether you’re looking for Phoenix homes for sale or homes for sale Arizona. By focusing your search on just one city, you’ll be better poised to find the home that you want, rather than looking for homes all over Arizona and spending weeks and weeks searching for no reason. Arizona homes come in all shapes and sizes, and more people are selling than buying, which will give you the upper hand in getting the exact home that you want when it comes to buying Arizona homes.
Ultimately, buying Arizona homes comes down to being prepared and informed for the home buying process. Without the knowledge, you will spend much more time searching and trying to figure out the Arizona homes buying process than if you had taken the time to educate yourself before you began looking for Phoenix homes for sale or homes for sale Arizona. Arizona homes aren’t hard to find, and usually have something to offer every budget that’s out there. By taking the home buying process seriously and taking your time, you’ll have a much better chance at buying Arizona homes than you might have otherwise.
Reed Lattin
http://www.articlesbase.com/real-estate-articles/phoenix-arizona-homes-for-sale-and-why-you-should-start-looking-now-715656.html