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Similar questions: website bank private investor foreclosed homes Free.
Foreclosure Data Bank They have over 600.000 properties in our bank foreclosure listings sorted by states. You can browse the listing without becoming a member. Sources: foreclosuredatabank.com/bank_foreclosure... .
Oh no! The foreclosure question again! Right now, most bank owned (also called REO) properties are priced at current market value or slightly higher due to the declining prices in most area.
Foreclosures are generally NOT the moneymakers that they once were. It costs banks many thousands of dollars to foreclose on a property, and they are interested in getting back their initial investment, plus some. The way to make money on foreclosed properties is to get to them before they have been foreclosed upon!
Contact a local title company and see if they will provide you with a list of properties where a NOD (Notice of Default) has been filed. Then, if the properties are something you are interested in, see if you can work something out with the homeowner before it goes into foreclosure. You of course would have to pay off the current loan, but if you can find someone with a good amount of equity then this is the way to go.
I have had clients purchase properties for $5,000 over the current loan amount (so that the seller could walk away with something) and end up with $70,000 in equity. You can check out some REOs (properties that have been through foreclosure and that are now bank owned and listed for sale) at usres.com Click on "Res Net" Sources: I own and operate a Residential Real Estate Brokerage wesellauburn.com .
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Is there a website where you can look at corporate charters of public or private company's for free.
I've noticed a lot of homes going up for sale for $100,000 and under. If you were an investor, would you take a chance.
How to find financial information on private companies for free.
Right now, most bank owned (also called REO) properties are priced at current market value or slightly higher due to the declining prices in most area. Foreclosures are generally NOT the moneymakers that they once were. It costs banks many thousands of dollars to foreclose on a property, and they are interested in getting back their initial investment, plus some.
The way to make money on foreclosed properties is to get to them before they have been foreclosed upon! Contact a local title company and see if they will provide you with a list of properties where a NOD (Notice of Default) has been filed. Then, if the properties are something you are interested in, see if you can work something out with the homeowner before it goes into foreclosure.
You of course would have to pay off the current loan, but if you can find someone with a good amount of equity then this is the way to go. I have had clients purchase properties for $5,000 over the current loan amount (so that the seller could ... more.
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