Upcoming Foreclosures
Government Foreclosures Knowledge Base
government foreclosures? I saw a bit on tv last night on government foreclosures. It said that because of back taxes the government will seize a property and then put it up for sale for hundreds to thousands of dollars. Is this true? Can I really buy such a property for only $1,000?
Where on the internet can you go to get a list of government foreclosures? There are any number of services that will give you a list of government or private foreclosure properties. I am sure they are not paying for the information but they want you to pay them for the info. Where do they get their lists of these properties?
Can you buy government tax foreclosures from $200 and up on homes? Does anyone know anything about buying government tax foreclosures on homes from $200 and up? I have seen things about it on television and I was just wondering if it was true.
Do those ads about government foreclosures really work out for anyone? You know the ones that seem to promise cheap houses? Do people ever really get houses when they respond to those ads, or do they only receive some kind of pay-for-mail book that tells you how to get the house...?
Anyone here of Government buying foreclosures and making them Section 8? Dont know if this is country wide but I know here in S FL it has created a huge problem. Anyone hear of the government buying all these foreclosure and making them Section 8? Just wondering if this is countrywide or just our state. Excuse me I mistyped the subject heading. I meant HEAR OF
I wanted to find out what all the buzz is about these government tax foreclosures.. are they a scam or real? And can u really profit from these? Also How would I start if i wanted to try buyin them? And can u really profit from these? Also How would I start if i wanted to try buyin them? And where can u find the lists of these govt foreclosures and how come not many people know about them?
Hey, Is It Cheaper To Buy Foreclosures or Government Tax Properties?? I am new to this so please correct me if I am wrong here: 1. Foreclosure properties are sold by institutions such as banks when someone defaults (fails to pay) on the loan. They can be dirt cheap or still pretty pricey depending on how much of the loan had been paid off. 2. Foreclosures are not the same as Government Tax Properties. 3) What are Government Tax Properties? Do they cost as low as 300 bucks? And do you own the entire property after just paying 300 bucks - or whatever the cost is? That seems too cheap that I feel it is a scam. 4) Any other cheap ways of buying properties?
listing of government foreclosures home listing?? i need a site for government foreclosures homes that i dont have to sine up for or pay please help and thanks
People that are near or at foreclosures. What is the latest that the government going to do about it? i have a friend near foreclosure. i have been hearing that the government is going to help out. thank you for your help
If this bipartisan bill passes and the government does buy foreclosures...? If this bipartisan bill passes and the government does buy foreclosures...? is it possible that foreclosures under contract can be pulled back? What I mean to ask is how soon after this bill passes if it passes, will they start buying up foreclosures?
What do think the Mortgage Lenders and the Government will do about the rising defaults and foreclosures? They have to do something about this otherwise more defaults are going to happen. Do you think they are going to create some breaks on mortgage financing, such as lowering rates and offering 50 year fixed loans, so many people are able to afford the payments. Or are they just going to let more borrowers go into foreclosure? If this continues to happen, we may see a depression coming in the near future.
During the 1929 Depression did the U.S. government take over some home foreclosures? If the U.S. government did take over home foreclosures, to what extent did it take place?
Is the government being politically correct for not blaming the homeowners for their foreclosures? Do they privately know bailing them out won't do them any good in the long run?
Buy a home for $300 via Government foreclosure house sales...Is it for real? I have just seen a TV commercial about government tax foreclosure house sales. They were claiming that you can buy homes all across the US for as cheap as $300 or less. Is this for real? There must be a catch does anyone know? However If there isnt a catch how do i get started.
is it wise to buy a government foreclosure seven thousand dollars over its appraised value dispite the market? built 2006,perfect shape only needs flooring replacement in the master.ok area,no flood zone.county appraisal is three thousand more than my bid.
Government Tax Foreclosures? Is it truly possible to purchase a house by only paying the taxes on it, and then sell it at true market price? They advertise houses for under 1000 dollars each. If anyone has any information in the form of links, or anything I would really appreciate it. Also, if you have tried this government program, please share your experience. Thanks
list of government tax sale foreclosures in N.J.? listings of gov. tax sales/ foreclosures located in NJ.
How do I find government tax foreclosure properties in my area How do I pay off the taxes and take over the house
Why is government trying to help out greedy homeowners facing foreclosure? Why is government trying to bail out fannie & freddie & the greedy home owners who are facing foreclosure? I lived & owned my home for past 10 years without greed & safe while all my acquaintances refinanced to do their 50k renovation, purchase a luxury cars & buy their 2nd & 3rd homes who are also facing foreclosures right now. Screw them. They are the ones who got into the mess in the first place. Let them dig themselves out of it.
can the Government buy all foreclosure homes? Is it possible for the government to buy all foreclosure homes and resell them to the owners who are at risk with a small interest rate? They would buy all homes in foreclosure up to a specific month, after confronting that task they would force banks, brokers and loan officers to fix the loop holes and the issues thats cause the crisis in the first place...I think they should also enforce a new home owner class where own owners would learn to manage their funds, what they should avoid etc. I know thats a big task but thats a serious step...
Are there any COUNTY, STATE or GOVERNMENT-sponsored WEBSITES listing FORECLOSURES/BANKRUPTCY PROPERTIES/SALE? Particularly interested in: Commonwealth of Massachusetts, Suffolk County homes and condos (NOT interested in 'free-trial' subscriptions)
I am in Foreclosure, would like to know if there is government assistance? I am in Foreclosure right now. I have heard that there are government assistance programs for those who are in trouble and in Foreclosure. Does anyone know any government programs and how to access those programs?? :-( :-(
When exactly did home foreclosure become the responsibility of the Federal Government? What a perfect system. I loan money, you pay me, you default the Government pays me. I win twice. Should we tax the windfall profits of Big Banking?
Can a government steps in to help mortgage borrowers from foreclosure actions? In Malaysia, Mortgage borrowers are allowed to withdraw part of their Employment Provident Fund which is a government agency to pay for their instalments arrears. Sorry, I am referring to UK mortgage borrowers
Do you think the United States federal government should bail out homeowners in foreclosure? Why? Joel T - I appreciate you answer but you must realize ARMS adjustable rate mortgages are not the problem . They are good loans as long as you pay attention to what you are getting into. ARMS serve a valuable purpose in real estate transactions and investment. People just have to take responsibility for their financial decisions.
Where can I find a government issued list of foreclosed homes for different parts of the country? I want to see what the addresses are of homes that will be on the market due to foreclosure.
Is the federal government to blame for everything? Such as: home foreclosures environment wars racism sexism high oil prices? Are we, as citizens,not to blame for anything?
Should the government help people at the brink of foreclosure? This includes those who availed of liar loans or mortgages without income verification. Let's also include the so called "get rich quick flippers/investors" who were caught in the trap.
Have you found the foreclosure site? I have seen lots of people on this site asking for a site where they can find foreclosures. I just found out today where we can all find the foreclosures at for ALL foreclosures, government and private. I was wondering if this site will help anyone. I hope this helps. www.bidselect.com I got this from a realtor who suggested I use this site to do research. Try it and let me know if this site helps you.
Should the government bailout borrowers in danger of foreclosure? What about the people already foreclosed? http://biz.yahoo.com/nytimes/080223/1194749714355.html?.v=14 What are the risks to the U.S. economy if the government does pass $739 billion onto taxpayers in order to rescue the banks and the borrowers who have been burned on interest rate speculation? If you already foreclosed and the government tells you tough luck, would you go crazy?
How much responsonsibility should the government take? It appears that more people are looking to government for assistance for everything under the sun. Anything from foreclosures to health insurance. Why aren't we self sufficient? I'm absolutely happy with my income, and I should NOT be entitled to help someone who carelessly reproduce, and decide not to invest in themselves, obtaining a higher education. And for those who obtained a higher education, did you really think that underwater basket weaving would pay off the 40k in student loans you racked up? The US has provided so much for early success. Where I'm originally from, EVERYONE pays for school, text books, calculators, computers, uniform, school food AND transportation. The basics are taken care of here, so why haven't we taken full advantage of that? Why aren't we successful enough to be able to survive without so much gov't aid? How socialist will we become? I'm not expecting to be liked for these questions, and I'm expecting a lot of answers from the ignorant, so fire away
What kind of government grants are out there to help with housing/home foreclosure? I'm on the verg of foreclosure and need help fast! I know it may be a bit far fetched to receive a grant for home foreclosure but I'm just reasearching any possibility to help me not lose my house.Any info will help. Thanks. well dawn666, My husband has a full time job and we have 5 kids and we like many people in the united states has found ourselves in a hard situation,so before anyone else thinks I'm a lazy bum try to not be an IDIOT first!
If you were about to lose your home through foreclosure would you welcome government help? Why? Why not?
Do you really need title insurance on a foreclosed house? For example HUD recommends that a buyer of the HUD foreclose gets a title insurance. Why? Isn’t that redundant? Also, I know some lenders that require buyers to get a title insurance on a government foreclosure. I understand that on bank foreclosure it is necessary to have title insurance. But why on a government foreclosure? My understanding was that all the lens are dropped when you buy a government foreclosure.
Which candidate will give you this shopping list: an immediate end to the war in Iraq, government funded healt care, legalized/recognized gay marriage, instant bail outs for housing foreclosures, indefinitely extended unemployment benefits, and closure of all military recruitment stations?
How do foreclosures work? My mothers house is about to be taken by the government. She is medicaid/medicare & has been put in a nursing home. If we don't sell the house the government steps in & takes it over. Assuming they will do the foreclosure on, how long could that take?
The real problem with the foreclosures in the US? To me the real problem is not the mortgage companies willingness to deal out excessive loans it's Americans accepting loans that they can not afford. And now they are whinning to the government to bail them out of their financial mistakes. How about lets hold these people responsible for their actions instead of giving them a free pass. Your comments.
Would it be wise for the government to bail out those stupid people that took advantage of sub prime loans? Would it be wise for the government to bail out those stupid people that took advantage of sub prime loans? I believe you are responsible for your own choices and you should pay the price for your decisions Last Friday the U.S. Federal Reserve cut the rate at which it makes direct loans to banks, sending a signal to Wall Street that it is aware of the credit contraction that has hit global financial markets. At the same time, the Fed wisely refrained from lowering its target federal-funds rate, through which it controls monetary policy, although Fed officials have indicated that a cut could be in the offing if markets don’t stabilize soon. The Bush administration has also demonstrated admirable restraint, resisting calls to let troubled mortgage buyers Fannie Mae and Freddie Mac charge into the market and increase their holdings. Demagogic politicians (and frantic investors) have shown less self-control, and the inevitable pressure to “do something” is bound to intensify. The administration and the Fed should resist this pressure. For one thing, the current crisis is unlikely to affect the economy in any significant way. As that becomes clearer, the hysteria will subside. For another, it is necessary that those lenders, borrowers, and investors who created the sub-prime mortgage mess bear its consequences. What we are seeing now is a necessary market correction. Several years of poor lending and borrowing decisions in the sub-prime mortgage market have resulted in a large increase in the number of foreclosures this year. Accordingly, Wall Street is reevaluating the credit quality of billions of dollars worth of mortgage-backed securities. Having found many to be overvalued, the market is making the necessary adjustments: Lenders are making fewer risky loans. Some of the biggest, such as Countrywide Financial, have tapped large lines of credit to cover short-term borrowing needs, announced layoffs, and instituted other cost-cutting measures. A few hedge funds have imploded, and a few more are in deep trouble. This is because these lightly regulated funds typically leverage their bets with billions in borrowed money, compounding their losses when risky investments — such as sub-prime mortgage debt — turn sour. Some of Wall Street’s biggest credit-ratings firms have taken a well-deserved hit in the press for giving many securities backed by sub-prime mortgage debt higher ratings than they actually deserved. The next chapter for them could be investigations into whether they fraudulently manipulated their valuations. Several members of Congress and some ’08 Democratic candidates have argued that these market adjustments are not enough and that we need additional layers of regulation. Back in February, when the crisis began in earnest, John Edwards attacked “predatory” lending practices and proposed a new government agency to regulate mortgage lenders (in addition to the five that already exist). Of course, that was before the Wall Street Journal revealed that a hedge fund Edwards invested in and worked for had ties to sub-prime lenders that had foreclosed on Hurricane Katrina victims. In fact, sub-prime lending is not an unmitigated evil. The advent of sub-prime lending brought about a fairly dramatic increase in U.S. home ownership, which for decades hovered around 64 percent until shooting up to 69 percent between 1994 and 2004. To be sure, unscrupulous players entered the market as sub-prime lending became more profitable, and some of them hid the true cost of risky loans from naïve borrowers. But borrowers were often complicit, wildly overstating their incomes to qualify for loans they could not afford. The New York Times reported in March that these “liar loans accounted for 40 percent of the sub-prime mortgage issuance last year, up from 25 percent in 2001.” Hillary Clinton has proposed a $1 billion federal bailout to help such borrowers avoid foreclosure. And her fellow New York senator, Chuck Schumer, has joined her in calling for a wider role for Fannie Mae and Freddie Mac in stabilizing the mortgage markets. The Bush administration has correctly decided not to remove the limits on Fannie Mae and Freddie Mac that were put into place last year when investigators discovered that both institutions had engaged in significant accounting irregularities. Fannie Mae officials argue that they can provide badly needed liquidity to the mortgage market. But as economist Brian Wesbury pointed out Monday, liquidity is not the real issue. The issue is a lack of information — no one seems to know how much these mortgages are really worth. The best thing the government can do is stay out of the way while the market reprices these securities. That goes for the Fed, too. The Fed has hinted that it might cut the federal-funds rate if the market continues to slide. In the esoteric world of Fed policy, where words can affect the markets as much as action, this was the right thing to say. But it wouldn’t be the right thing to do. Fed chairman Ben Bernanke’s shrewd move to cut the discount rate instead of the more consequential federal-funds rate calmed panicky investors without interfering with the market adjustment already underway. By cutting only the rate that the Fed charges on its own loans, Bernanke offered a lifeline to big institutions in dire financial straits, and bought more time for the market to correct itself without a change in monetary policy. Demagogues in Congress and on the campaign trail should learn a lesson here. Lenders, hedge funds, ratings firms, and, yes, foolhardy borrowers are paying a price for their excesses. Let’s not compound their folly by enacting a poorly thought-out policy.
Do you support providing government assistance to people who cannot pay their mortgage? Creative financing in the past two+ years allowed financial institutions to give individuals who wouldn't normally be approved for a mortgage (because of poor credit history and/or unstable employment record), a subprime mortgage. Today, 730,000 of these individuals are not paying their mortgage payments and are facing foreclosure. Countless others are struggling and don't know if they will be able to maintain their payments and keep their homes. The House approved the "Expanding American Homeownership Act of 2007" that will give the Federal Housing Administration the authority to assist struggling homeowners in making their mortgage payments. Should the taxpayer be responsible? If the individual doesn't receive assistance and loses their home, will the government (the taxpayer) have to provide some other form of financial assistance that would, in the long run, be equal to what is spent to help them pay their mortgage?
House to spend $15 billion to buy and fix up foreclosures? Isn't this OUR job? Foreclosures a good way for lower income families to buy a home, a boon to a lagging economy, a way for some of us to invest in our future. Why is government getting involved? There are more important issues than someone overextending themselves. (Sure i will get beat up for that remark)
Where can I find listings for houses that the government is selling? that is, foreclosures, and without paying a fee. Thank you!
News forecasts, be more specific on borrowers rights on foreclosures. Help us? Who can we contact for help? Who can we trust with so many scams and identy theft everywhere? Should we get legal help as well as housing counseling? How do we get in contact with the loss mitigation dept. with the lender? Whats our government doing to help/protect us from foreclosures?
Buying government tax-foreclosure properties at pennies to the dollar? How is it possible that infomercials state that properties that government tax- fore-closure properties are selling for literally 2 or 300 dollars online?....This obviously cannot be true but how can they get away with making such sensational and impossible claims? Doesnt that break some better business bureau law somewhere? Are there any elements to this idea that are true? What is and what isnt? Can you buy a house that is in the final step of foreclosure like you see on web sites like trulia.com for only a coupl thousand or so for 3 bedroom nice houses?...How does this work, how do you buy a house that went into total foreclosure scott-free? I would apreciate any advice about investing in houses with out huge amonts of money down or even good credit..Thanx everyone :) Are house auctions the only way to really buy houses at a discont price? And where and when do houses get sold cheaply at auctions?
Are we preventing foreclosures through any social programs? Why do americans have to pay interest? I mean it is our money, from our government, why do we have to pay interest on house loans and student loans? How do i find out if all govts charge interest to their people...
Has anyone heard of buying tax foreclosure property? I was told you can buy a house at one of these government tax foreclosure sales for about $600, and the house is worth a whole of alot more like a house of the value of $180,000. All you have to pay is the property tax light, water... and the house is legally yours? Has anyone else heard about this, is what I been told accurate? Where else can I find out about this type of sale my self, Thanks for your help.
Concerning home foreclosures question? If I understand this, the government is now stepping in and helping out by lowering interest rates, and other things. This is for people to be able to keep their homes. My question is this...What about the people who have ALREADY lost their house? Are they going to be getting any help to get their home back, or are they just going to be out of luck? Thanks.
Should the government bail out people who are facing foreclosure on their homes? Just wondering what your opinions are ...
Any government grants...for foreclosure or homes or bankruptcy? any safe info/web sites....I need cash,and help.
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