Comments for Free Investment Property Listings

Comment on How You Can Buy A Home In Foreclosure by ^j^

^j^ — Fri, 12 Mar 2010 03:39:59 +0000

looks like you got some good answers, so I’ll just add some thoughts you might want to keep in mind. Yes, there’s a basic foreclosure process involving the party(ies) in default and mortgage company as mentioned above. If the lenders’ attempts to collect or negotiate payment of note from the party(ies) in default are to no avail, then the lender will proceed with forclosure of the home –this depends on state guidelines AND can vary vastly according to the type of financing/mortgage currently held on the property (VA, FHA, etc…) The lender (or it’s legal representative) must abide by state guidelines which will include a set number of publications of the notice of forclosure to run in the local newspaper (usually once a week for 3 - 4 weeks), including the property description, mortgage co., borrower in default, and date and time of home auction. If the property is not transferred or otherwise sold at public auction, then the mortgage company and the department of Housing and Urban Development will sometimes contact a realtor for a BPO (broker’s price opinion) to achieve an accurate market value for the subject property. In a situation where the default mortgage was VA, these homes are listed on the Dept. of Veterans Affairs website, and the same applies to other financing in working with HUD. Depending on all circumstances, there can actually be a "right of redemption" awarded to the borrower in default which can last up to a year… back taxes must be paid on the property… HUD has very strict regulations and guidelines that must be followed in all aspects of any transaction of transfer of forclosures… headache headache headache…there’s alot more involved which will depend on each individual situation… bankruptcy issues arise at times, just a bunch of things that can change the standard proceedures up a bit… depending on if you are facing forclosure or looking to invest in these properties, there is a vast amount of information online which will be suitable to each state’s proceedures and of course… all lenders have their own way of doing things…. hope I’ve helped a little more.
References :
6yrs. Real Estate Agent
Legal Secretary for HUD assigned closing attorney

Comment on How You Can Buy A Home In Foreclosure by Business Mom

Business Mom — Fri, 12 Mar 2010 03:37:59 +0000

here is a website that outlines the foreclosure laws and timelines for each state.
simpley click on your state.

http://www.foreclosures.com/pages/state_laws.asp

good luck
References :

Comment on How You Can Buy A Home In Foreclosure by bull_rooster_aardvark

bull_rooster_aardvark — Fri, 12 Mar 2010 03:35:59 +0000

Owner stops paying mortgage. Bank bugs them for a bit and builds up fees, then files with county to start foreclosure process. Process winds around the courts a bit and finally house is foreclosed on and sold on the courtroom steps. Assuming nobody buys it there (if they do the process continues but the buyer takes the banks place) the bank begins process to evict the owner if they are stil in the house. Eventually the sheriff comes by and evicts them (ie sheriff watches on as bank or company hired by bank moves onwers stuff to curb. New owner (or bank) changes locks and start calling police if old owner shows up on property. New owner may fix up property or not, but tries to sell property for whatever they can get (or possibly rents it out in an investor bought it).
References :

Comment on How You Can Buy A Home In Foreclosure by plays w/words

plays w/words — Fri, 12 Mar 2010 03:33:59 +0000

they take your house
References :

Comment on How You Can Buy A Home In Foreclosure by Phil Conners

Phil Conners — Thu, 11 Mar 2010 22:31:17 +0000

Home foreclosure?
What is the process for home foreclosure?

Comment on Commercial Real Estate Investment by Tarn

Tarn — Wed, 10 Mar 2010 02:29:59 +0000

You will have hard labor & increase your concept about real estate industries. But no worry, if u have capability & determination to that one you can become a famous in this field. Carry on.

Best of Luck!
References :
http://www.tarncourt.com/

Comment on Commercial Real Estate Investment by aaronwilliams123456

aaronwilliams123456 — Wed, 10 Mar 2010 02:27:59 +0000

There are accredited degrees for real estate at the college level you should take.
References :

Comment on Commercial Real Estate Investment by Jeremy

Jeremy — Wed, 10 Mar 2010 02:25:59 +0000

Hello Shayla, The best you can do is to search in colleges in your community that offers advanced subjects in real estate courses. Since you are still in junior high, you can start reading articles online, Try this site to get stated, http://www.real-estate-investing.com . But most importantly, ask experts in forums and discussion boards. A lot of helpful people in real estate investments.

I hope this helps. Good luck
References :

Comment on Affiliate Program Directory Guide by H M

H M — Wed, 10 Mar 2010 02:25:59 +0000

I’ve heard great things about yourcityguide.net. Just make sure you do your homework on any program before you get involved.

I wish you the best.
References :

Comment on Commercial Real Estate Investment by kemperk

kemperk — Wed, 10 Mar 2010 02:23:59 +0000

a; visit your local public library and take home 2-3 books on real estate investing and on
commercial real estate investing.

b; study investment math which includes returns on investment, cap rates, and
study lending rules and practices

c; you need study nothing regarding residential [houses/apts] to do commercial
investing.

tell your mom I am writing to you; it is unethical for me to respond to you without
your mom-dad knowing about it

[get a degree in finance and one in real estate]
References :
RE broker