Upcoming Foreclosures

what website can i go to to look at hud homes/ foreclosures/ homes for sale for free?

What is the difference between a foreclosure and a HUD home? I have been looking for house for sale on the internet and have come across foreclosure and HUD homes. What is the difference?

I'm trying to buy a house in IL...why is it so difficult? Foreclosures/short sales? I have been pre-approved and have contacted 2 real estate agents. 1 helped me put in an offer on a foreclosure and then never contacted me again to tell me the outcome or to even assist me in buying another home. The 2nd one met me at 3 properties (foreclosures) and the one I wanted to bid on (hud auction) she refused stating it would just end up going well over the list price which was then over my approval amount (identical home just went for 30K less). I've mentioned a couple of others well below my approval amount and she just replies that those are short sales and will take a very long time to close. Then, she sent me 6 old handy man specials to review in my price range when she knows I want a newer house. I then emailed 3 agents from the HUD website to bid on the auction house and none replied. Any suggestions on where to go from here and what is the major problem in trying to buy foreclosures/short sales?

Has anyone bought a HUD house, need advice? I would like to know if anyone has bought a HUD foreclosure home? What is involved in the process and is it hard getting banks to finance the purchase? Also, has anyone ever bought a foreclosure from the court house(sheriffs sale)? How would I get financing for that when you have to bid on the property? Im new at all this and my first purchase will be for myself to live in. Any info is greatly appreciated.

Short Sale Vs. Foreclosure Vs. Keeping the house? So here's the situation: My husband and I bought a house with an FHA loan July 2008. It is our first home. We were both working at the time and could afford the house. I quit my job in January this year so I could stay home with my kids and my husband was laid off from his job the next month. He was out of work till June which caused us to get behind on our mortgage. We are only caught up to July on our payments. I called HUD for assistance before we even fell behind one payment. I submitted an application for the modification in April with our previous lender who was Taylor Bean & Whitaker. They went under a few months ago so our loan was transferred to Bank of America and when I called to check on the status of our modification they said they had nothing on record showing we submitted an application so they made me resubmit one. I have since called and checked on the status of the application several times and have been told every time that it is still in review. I don't understand what's taking so long and I'm tired of being shoved off every time I call. No one wants to help. I know with us having an FHA loan we should be getting more help than we are getting. We received a letter of default in September and it expired in October so I know the next step is foreclosure. My question is would it be better to walk away from the house and just let it go into foreclosure, do a short sale, or try to keep it and wait to see if the modification comes through. The only thing is, our house note would have to drop at least 400 dollars a month so that we could afford it because my husband isn't making what he made when we bought the house. Also he was just told today that he would be getting laid off from this job January 1st. He works construction.We can't afford an attorney or we would probably go that route. We are young so we don't know what to do. Any advice would be appreciated.

Where can I find a real estate agent that sells pre & foreclosures in Washingon D.C. metro area & Norther VA? I've been told to go to a local court house, if its true, what do I need to bring? do they have it online? I have bad credit and I know I won't be able to pay the $250k and up in this area, but I can't stand living in a room with my husband at my sisters house anymore!! I've looked into HUD homes and went to vhda.com and I wanted to talk to some agent and see the tax sale properties or pre or foreclosure homes. Thanks for any info you can give me!

What's a HUD case mean for a house listing? I found a house listed for sale online and it says it's a HUD case, does that mean it's really crappy inside? Or does that mean it's owned by HUD as opposed to a bank like a foreclosure? How does a house become a HUD house?

Why is Bank of America so difficult to deal with when it comes to modifications, short sales, and foreclosure? Last October, I began the process of attempting to get a loan modification from my mortgage holder, Bank of America. I was told on more than one occasion that I qualified for a modification, only to later be declined for one reason or another. I hired a company to work with the bank on my behalf to try to get a modification done. They were forced to jump through hoops, with no results. (Good thing I didnt have to pay unless they got the modification.) Then, in the end of January 2010, I lost my job and made the decision to list my house as a short sale at the end of February. The paperwork was submitted to the bank by my agent and soon an offer was made and subitted as well. I was told the trustee sale was on hold, due to the short sale. Then, 3 days before the scheduled trustee sale date, Bank of America canceled the short sale and never notified me or my agent. It wasnt until the middle of April that my agent was notified that the property was foreclosed on 3 weeks prior. Oddly enough, the same week I was told this, I received a letter from Bank of America stating that I didnt qualify for a loan modification and they recommended I do a short sale. I made several calls to Bank of America, FHA, and HUD to try and get the foreclosure reversed so the short sale can proceed. But I had not luck. After accepting the fact that I lost my house to a foreclosure, I asked the bank about the cash for keys program. I was told that I didnt qualify because I am the owner. I called HUD, the new owners of the property, and was told that I do qualify and that it should be offered. I contacted Bank of America again, but got the same answer from them. HUD is now looking into it for me. Do I have any rights? What else can I do? Why is Bank of America like that?

Distressed Real Estate Info by City? Anyone know where I can find reliable data about number of homes abandoned, in bankruptcy sale, in foreclosure, by city nationwide? I'm certain HUD has the info, but government organizations' websites exist for PR, not to make info available. Help! Thanks.

Finding info on house from mortgage company...how? Theres a house for sale, its a foreclosure, FHA Hud. There are signs on the house say contact realtor for more info, realtor says house isnt tech up for sale yet. So I found the person that owned it (he has died), and went to the courthouse and got the mortgage company that now owns the home. How do I contact them and ask for more info, price and everything? Also the courthouse says the mortgage company is CitGroup Consumer Finances. How do I find a # for them? Do I just call Citi bank? Is that the same? Im kinda confused. Need help!!! Anyone that know anything on this??

Mortgage down payment help? After many years, a house that my wife and I love has finally come up for sale. It is a HUD foreclosure, and it is $16,000 cheaper than it was the first tie it was for sale. My local bank will finance all but $1,300. My problem is that while the monthly payments will be around $100 cheaper than my current rent, I have no savings. My total cash payout at closing would be about $4,500, all of which I don't have. I read that the government no longer allows "charitable" help with down payment/Closing costs. Does anyone know of any other sources for help?

How can I find houses+view info on them(for free) that are foreclosed/vacant,left for start bid$1.00+auctions? Please help me with Free information on everyday Tax auctions, foreclosures, gov., bank owned, abandoned, HUD, house/ home/ land/ property sales (free online sites and/or places to find out/ view/ get Listings)???? For areas: Livingston County and/or Monroe County, New York (USA).

How can I find out if my apartment complex is going to become HUD Section 8 housing? Two years ago, we bought a condo in a complex that was flipped from apartments to town homes. This is an an area of town that was undergoing a re-vitalization. We are bordered by two nice apartment complexes, but also two section 8 neighborhoods (that are quite bad). The developer told us that the other complexes were going to flip into condos and that the section 8 neighborhoods were going to be relocated and homes built on that land. Since the market has flopped, about half of our units are for sale and another quarter are in foreclosure. With the recession, the whole re-vitalization scheme has been halted. The section 8 neighborhoods are worse than ever; and we just found out that one of the nice complexes next door that was going to be flipped is now actually turning section 8. We've started hearing rumors that our complex is going to be designated section 8 as well. How can I find out if these rumors are true? who would I talk to for a straight answer? Forgot to say - our Homeowner's Association Manager is completely untrustworthy. I can't ask them and expect an honest answer. Really stuck here... isn't this sort of thing made public ?

Offer accepted on HUD home yesterday. Is it too late to cancel the accepted offer? After a year of searching in upstate ny, our offer was accepted on a hud home yesterday. It needs a lot of work. Today, I spoke with my mother about it. Then she showed me the house of our dreams on a realtor web site. It's a short sale. It's the same price as the foreclosure, it does not need a lot of work, and it's perfect for us. The problem is that I had already accepted the offer and made appointments to meet with everyone for next week. I have appointments to meet with the lawyer on Monday & meet with the inspector, contractor and loan officer on Thursday at the house. Is it too late to change my mind? Should I just go through with the inspection and see how serious the repairs are? Would it be too late to back out even then?

foreclosed and bank short sales. Where do I get the info? I would like to know where to get information regarding available property from foreclosures as well as bank, and HUD. Everywhere I look, someone wants me to sign up for the service. thanks

I am really interested in buying a foreclosure but do not know which way to go. How do I get started? I have been interested in foreclosures for the longest time but never decided to research further or take advantage of the market. Because it is a good time to buy I was hoping someone out there can offer some advice (in addition to the recent research I've been doing). Because I don't know much about the process I will throw around a couple terms I've heard lately: REO, gov't tax lien certificate sales, title & bankruptcy search, property inspection, and HUD foreclosed. I wanted to try a tax lien certificate but after doing research I'm seeing that this may not be the best way for me since I am so inexperienced. What is the best way for me to purchase a foreclosure and how do I get started? How long does the process generally take? Is there a way that I can see the property before bidding at an auction? If a property is a REO then I should be able to see the property before purchasing, right? Last question, When can I get the property inspected and a possible appraisal (before or after the property is bought)? Whomever reads and answers this question, thank you in advance! I know this is a long question but I am serious about buying a foreclosure and doing the research necessary to attain this goal. Thank you.

Should stimulus funds be used to allow developers to buy foreclosed houses? The stimulus provided $2 billion for HUD's new Neighborhood Stabilization Program that provides funds to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. These funds are in addition to the $3.9 billion provided for the same program in the Housing and Economic Recovery Act of 2008 (enacted last July). While HUD has yet to distribute the $2 billion provided in the stimulus, a recent review by the Los Angeles Times of a similar program launched in 1998 indicates what kind of results we might have to look forward to: Congress launched the program in 1998 to clear the Department of Housing and Urban Development's books of foreclosures and provide affordable housing. Local governments would buy the homes for $1, fix them up and resell them at a discount to poor families, who would get a chance to put down roots in the community. More than 2,300 homes have been sold by HUD for $1 each nationwide, with 326 in California. Nearly half of the homes in California were bought by companies or individuals who typically resold them at a much higher price. The city of San Bernardino bought more Dollar Homes -- 62 -- than any other city or county in the state. But San Bernardino officials could not provide The Times with any account of what happened to the homes after they were sold. Using county property tax and assessor records, federal bankruptcy files and real estate listings, The Times tracked every property sale to San Bernardino under the program since 2000. Among the findings: * At least 43 of the 62 homes were sold to housing contractors and investors. Within months after purchase, nearly all were resold, and for an average of three times the original sales price. Despite their track record, San Bernardino received $8.4 million from the first $4 billion for the Neighborhood Stabilization Program. Source: http://www.latimes.com Great use of stimulus money yet again!

please help foreclosure!!!!!!!!!!!!!!!? my father in law just recieved a notice of trustees sale posted on the front of his house today. the sad part about he had the money last month to pay off he deliquiency. at the time of calling the bank they offer him application for a partial advance claim through HUD. and they said that they would be able to help him and he wouldnt have to pay the bank.so he excepted. he been late on his payment for 4 months now.he did have the money to pay the bank. i understand that ther is several of ways that the bank can help out. modify,repayment etc but he had the full amount to pay them back. here we are 1 month later getting letter from attorney's office to get some paper work to them in 20 days we called the lender they said dont sign anything your application is in process.well this form that the attorney wanted it arrive to his house with only 10 days left as of yesterday. today we walked outside and found a notice of trustee's sale on the garage. i dont understand. is the bank trying to help my father in law their really keeping out in the cold. this crazy.can anyone help. he called the bank and they told him to call his analist that has the application and her voice machine says there is a high volume of application unless yr home is two weeks from foreclosure leave a message. im really scared banks really can fool people around it happened to my brother they really gave him the run around he lost his home.someone help please.

Foreclosure: do we have to pay income tax on the whole amount? I have a tax question. We now live in Michigan but our January 2008 foreclosure was a property in Utah. We were unable to sell it and had to let it go back to the bank. They told us that it would be auctioned and we would get a 1099 tax form for the short sale amount (their loss). They were unable to auction it off, so we got a tax form for the ENTIRE amount of the mortgage, as if this is income! On top of everything else we have been through, are we gonna have to pay tens of thousands of dollars on this? The property became a HUD home and now belongs to SOMEONE... why should we have to pay tax on the property amount as if the whole thing was our income? This is so screwed up and unfair. Plus, we had mortgage insurance, so how on earth can they say that this is our income?? The mortgage insurance is in place to pay off the bank in case of default! Please, no ignorant comments. We TRIED to save this situation but we were victims of an unfair mortgage like many others, PLUS my husband suddenly became disabled and unable to work while I was very pregnant with our 3rd child in a very dangerous pregnancy. We had to move out of state to save our family and were forbidden by the bank to rent out the property, which was worth $30,000 less at the time than what we paid for it 5 years previously. We had a pile of medical bills the size of a mortgage and had to move in with family for help with this difficult situation. So to anyone wanting to post some snarky remark about paying bills, don't. The last thing we wanted was to end up in a situation like this! If there's anybody out there who can help us with this tax question, we would appreciate the input or advice. We are having our taxes done Monday so I guess we will find out at that time, but we're extremely anxious about the situation and any information will help. Thank you. Thank you, Jss and Stephen for your helpful answers! I will print out the links you gave me to bring to the tax accountant. The cancelled amount was around $75,000. I only earned $23,000 last year (husband $0). Yes, we lived there for 5 straight years and it was our primary residence. I have high hopes that we might come out of this unscathed, or at least just a bit singed. Thank you from the bottom of my heart for the helpful and non-judgmental information. Stephen - I do not know what insolvent means but it sounds pretty serious so... yeah, we probably were/are insolvent. We didn't go through a bankruptcy though, just hell. Travelguruette, we did not refinance. When listing assets and debts... as of when? At the time of the foreclosure we had a WAY negative net worth. Today's story is a bit better. But we're talk ing about last year. I think we have a reasonable assurance here that we will find some mercy at the end of this tunnel. Thank you all so much! Marisa... you make yourself look bad when your message is spammy and self-promotional, when your network and Q & A are suspiciously "private" and YOU are set up to make money off your web site. I'm not stupid! Find other ways of advertising your scam!!!

Im deciding to let my house just go into full foreclosure, what should i do? We are struggling as it is, and this will be the 2nd time that our house has faced foreclosure. The 1st time we ended up doing a "mortgage modification" and it tacked on another $5000 to our mortgage, that was 2 years ago. Jobs have changed and money is tighter than ever..(gas,kids ect..)we are approaching the last month before the foreclosure stuff is in the "no turning back" stage. The house is not in a good neighborhood and there is NO WAY we can sell right now in this market and get anything out of it..(not much equity and 4 houses have been up for sale for 2 years just on our block alone) We are seriously thinking about either just letting it go, taking what money we have a runnin with it or seeing if HUD or the mortgage company will buy it back ect..I dont know what our options are, and at this point I dont care about the credit aspect. Im asking if anyone may have been thru this and what they've done or if anyone may have suggestions on what my options are...I want out:( its in Flint Michigan so you can just imagine how many houses are up for sale or empty...every lightpole has a "we buy houses" sign but im hearing alot that thats a scam im sorry jersey G..its hard times everywhere:( and its getting ridiculous!everyones advice is greatly appreciated especially bensells...Im going to keep this open to see what else I can come up with...its unfortunate that there IS a decent paying job in the home and it only gets gas in the car,bare minimums to keep utilities on and $50/week for food for 4 people..and still cant pay the rising mortgage..oh and read the article realitor guy,unfortunatly it makes no difference in my situation...but I still appreciate the thought

If we default on an Calif FHA loan for purpose of 'strategic foreclosure', what are long/short term impact? Originally purchased Manufactured Home in 2000 in California. Non-predatory lending, put 5% down for 120,000 home (3BD/2BA). We refinanced for lower (fixed) rate in '08, w/ payoff of 3 credit cards & some cash out. Current loan balance is $170,000... but other manufactured homes are Short-Selling for $75K or less... and some are selling REO at $14,000!!!! At this rate -- we know we won't see recovery for 30+ years (we won't live that long). We do NOT qualify for Short Sale (we tried), bank will not lower rate (which isn't really the problem). We technically CAN afford our monthly payment -- HOWEVER, our home is on a Land-Leased program, where we pay IN ADDITION to the mortgage..... $650 per month!!! Since we are approaching our 10 year mark living here --- the Land Lease is jumping UP to $924!!!! We have 5 kids (ages 14 - 4) and we feel like we are throwing GOOD MONEY at BAD. We know the 7-year rule about credit damage... but frankly - that is easier to swallow than 30+ years... and leaving a burden for our children. By foreclosing and choosing to RENT -- we can save money for our kids college education... rather than throw underwater-mortgage money PLUS land lease rent away each month for something will will NEVER own. Refinance was 82/18, so it is FHA technically. Bank will recoup from FHA, but can/will FHA/HUD seek DEFICIENCY JUDGMENT since government programs are not bound by Calif Law (ie, non-recourse)??? Thanks so much!! FHA does not do refi's? Then, why are my Loan Docs on HUD forms, and why do I have MIP (mortgage ins premium) taken each month? I think I find my answer: http://www.foreclosureoptionsnetwork.com/index.php/news-blog If a homeowner refinances the property with a new loan this then becomes a recourse loan. Often with a refinance there is an equity withdrawal sometimes called a "cash out" refinance. A recourse loan means that the bank or lender now has recourse from the homeowner. In the state of California the bank or lender typically foreclosure by Deed of Trust or Non-Judicial foreclosure. Therefore the 'recourse' isn't typically pursued with a Non-Judicial Foreclosure for a lender in first position, even with a 'recourse' loan.

what website can i go to to look at hud homes/ foreclosures/ homes for sale for free?

how do i find a foreclosure sale to attend? i'm interested in attending a live foreclosure sale. I was wondering where do I find a listing of when/where these are held. I'm living in Northern California around the Sacramento area. I went to the HUD website and noticed those are all online auctions. Also, I was wondering about tax foreclosed properties as well. Any guidance is much appreciated!

Hud Homes Application on how to purchase foreclosure HUD Homes? How do we get on the list to foreclosure property being "Sold" Auction to the higher bidder in the state of Oregon, City of Portland, Multnomah County Courthouse Stairs "the Nod". ? In addition, who conducts the sale of said properties ?

Can we assume an existing loan when purchasing a pre foreclosure property and should we? We have looked at auction sales, REO and HUD as possible sources of a well priced home in Fort Lauderdale, Florida. Now we want to feel we are covering the range if we look at pre foreclosure property as well. If we can identify real savings to be made, is there any impediment to assuming an existing loan as part of our offer?

Which option when facing foreclosure should we consider? Discharged of BK 7-15-09. We are in foreclosure and we just received a letter from Wells Fargo informing us of their Borrower Counseling Programs-they state an application is enclosed but there was none. All we got was the letter typical of WF. They mentioned two of the options available Pre-Foreclosure Sale/Short Sale and Deed in Lieu of Foreclosure. Which costs the servicer of the loan more money and which takes the longest? Wells Fargo bought our loan and they have been nothing but nasty. At first we were just going to let them take our house, now after doing a lot of research and reading, we are certain that we are part of predatory lending and there are violations of the TILA act on our HUD-1. We want to buy us some time to make sure that Wells Fargo has the legal right to foreclose-do they actually have the original note. We live in a nonjudicial state so we would have to start legal proceedings. Any helpful thoughts would be appreciated.

where can I find lake homes for sale in minnesota lake lots? I am looking for a lake home-lake lot-foreclosure-hud home. Looking for a deal. Where can I find a place that has alot of minnesota lakes homes-lake lots-sandy lake shore-contract for deeds maybe. Not sure if I want to be up north or close to the twin cities metro area?