Archive for May, 2009

Foreclosure Alley – P2

Friday, May 29th, 2009

RemiG2006 asked:


01.10.08

Foreclosed home owners out for revenge

Wednesday, May 27th, 2009

KXLY asked:


There are 478 homes in Spokane that are involved in the foreclosure process. While that’s lower than the national average, the condition former owners are leaving these homes is anything but average. KXLY4’s McKay Allen reports.

Mortgage Foreclosure – The Family Farm

Tuesday, May 19th, 2009

PolPpl asked:


A look at the Crosby Mint Farm in St. Johns, MI, and how the foreclosure crisis is hurting them. Senate Bill 1306 would establish a moratorium on foreclosures and save this farm. The sponsor of this legislation is Senator Hansen Clarke.

NeighborWorks Foreclosure Scam Prevention Video

Monday, May 18th, 2009

NWPAD asked:


A series of Internet videos created to assist consumers in recognizing and avoiding foreclosure scams.

Buying Foreclosed Homes

Friday, May 15th, 2009

Any sensible person making their money off real estate these days is always looking for buying foreclosed homes. This is a hot topic going around among all the people looking to buy cheap properties in their area. It is normal to grab every incoming foreclosed home in the market and then selling it for huge profit margin. If you are one of them people who are looking for buying foreclosed homes, the best thing you could do is to keep your eyes and ears open, and constantly check out the websites that list such properties around your area.

Foreclosure listings on the websites are of two types, one of them being free, and the other ones of course paid. The free listings, as the name suggests, allow you to view the data for free, and the paid ones, of course after doing a paid subscriptions. None is better over the other, because both of them have specific merits and demerits associated with them. The free listing wouldn’t have that much data on them, because well there is nothing in this world like free lunch. Even with the free ones, you end up paying them after 7 days or so, because they are not exactly “free”, they are on trial periods. What you should do is check out the website during the trial period and see if it’s worth buying the actual membership for. The paid ones, however, have full access to all their databases, and for a small monthly fee you can access all the listings and probably earn a lot by finding a good deal.

A third option you have is looking up through the search engines for good foreclosure deals. Although these are 100% free, you have a less chance of actually getting that home because a more conscience eye must have grabbed it earlier then you. You never know though you could end up with a nice cheap piece of property by just browsing through search engines. You can also ask the Real Estate agents, because they are always in contact with the banks for such issues.

Therefore, the main way of finding a good foreclosure home for you is through the internet. You can find out listing websites on the internet that would allow viewing the listings on their site for free or for one low monthly subscription. You should always try the trial of these sites first, in order to make sure that you are not paying off money to a website that’s just not worth it. Another thing you could do is looking through the search engine to find good deals for yourself, and if none of that is working out for you, you could get the assistance of a real estate agent because these guys are always in foreclosure properties. Remember, the key here is being on high alert, because foreclosure properties are taken away real soon because of their low prices.

Consider the above mentioned listed options before buying foreclosed homes and make sure you do all your homework and completely understand the risk before paying for any foreclosure property.