Free Hud Foreclosures Knowledge Base
Finding BANK FORECLOSURES FREE? With so many bank foreclosures happening lately. I was wondering what would be the best way to search for bank foreclosures for free. I did find HUD. Looking for something similar online. So please help find Bank Foreclosures. Thanks.
Will HUD be able to help if wells fargo denied us? House is in process of foreclosure. We had a 5month modification, and after that we resubmitted our info and we were denied this time because of debt to income ratio. We were ready to walk away and found a nice house to rent. now we are getting tons of letters to contact hud for free consultation. We had our minds made up we were in a sinking ship with the loan worth more than the house, and having suffered job loss we are unable to pay the original payment amount. I just want to know will HUD be able to do anything for us? isnt wells fargo the ulitmate decider?
How do I get in on the foreclosure home action? I live in South Carolina and would love to know if there are any decent foreclosure homes in my area. But everytime I try to look something up online (Hud, etc.) they want a fee or a free trial... provided I give them my credit card number. Is there a bank I could contact, or maybe police auction?
How to find foreclosure homes? So, everyone has heard about foreclosure, & how they are good investments & you can find a nice home for a fraction of the price. . . But where do I start? I want to look for some in my area, but I don't know where to look. I googled it, & You have to pay for a lot of them. Does anyone know where you can get a listing for free? I heard something about HUD/FHA or something like that, but I don't really know where to go from there, or anything. So basically my point is, I really need some help as where to start when looking for a foreclosed home. if anyone knows any good sites, that would be very appreciated! :) Thank you so much in advance (: thank you, kempert (:
How can Liberals force us to pay for illegal alien colleges ( Dream Act ) when there are starving Americans? dying in the street. I see men, women and children starving in cities like NYC. Shouldn't their needs be more important then an illegal aliens child going to college for free? ROOSEVELT, N.Y. (AP) - Homelessness in rural and suburban America is straining shelters this winter as the economy founders and joblessness hovers near double digits—a "perfect storm of foreclosures, unemployment and a shortage of affordable housing," in one official's eyes. "We are seeing many families that never before sought government help," said Greg Blass, commissioner of Social Services in Suffolk County on eastern Long Island. "We see a spiral in food stamps, heating assistance applications; Medicaid is skyrocketing," Blass added. "It is truly reaching a stage of being alarming." The federal government is again counting the nation's homeless and, by many accounts, the suburban numbers continue to rise, especially for families, women, children, Latinos and men seeking help for the first time. Some have to be turned away. "Yes, there has definitely been an increased number of turnaways this year," said Jennifer Hill, executive director of the Alliance to End Homelessness in suburban Cook County, Illinois. "We're seeing increases in shelter use along the lines of 30 percent or more." The U.S. Department of Housing and Urban Development's annual survey last year found homelessness remained steady at about 1.6 million people, but the percentage of rural or suburban homelessness rose from 23 percent to 32 percent. The 2009 HUD report, which reflected the 12 months ending Sept. 30, 2008, also found the number of sheltered homeless families grew from about 473,000 to 517,000. http://www.breitbart.com/article.php?id=D9DTFFF83& Forget war - You live in NYC and didn't notice this? You must be one of those with a government job that steps on the homeless on your way back home. Either that or you are on welfare and never leave the house. Did you forget to take your Meds today?
How many of you really know WHY the "Housing Crisis" happened - the who, what, how and why this happened? I find that many of those I speak to simply point to the banks and say they did - they got greedy and made unwise loans which ended up in foreclosures. But ask yourselves - why would they abandon sound lending practice for what surely was a risk to high - what motivated them to lend this way. Well it was Fanny Mae & Freddie Mack. If you don't know who these Federal backed corporations are you might want to google it because they have and continue to swallow hundreds of Billions of our tax dollars and have an unlimited credit line with the Fed. http://en.wikipedia.org/wiki/Fannie_Mae http://www.washingtonpost.com/wp-dyn/content/article/2008/06/09/AR2008060902626.html Fanny Mae & Freddie Mack are Federal National Mortgage Association which buy mortgages from banks which frees up banks to make more mortgages. HUD which wanted more low income folks in homes was the devise by which the Housing Crisis began. HUD stuck to a policy which allowed Fanny & Freddie to count subprime loans as good. From 2004 to 2006, the two purchased $434 billion in securities backed by subprime loans, creating a market for more such lending. Subprime loans are targeted toward borrowers with poor credit, and they generally carry higher interest rates than conventional loans. You can watch an excellent video at http://www.youtube.com/watch?v=1RZVw3no2A4&annotation_id=annotation_918789&feature=iv to further understand how this happened. Did you know that this started with Carter? Did you know that this was worsen by Clinton? Did you know it was bad federal policy that did it? The banks were ordered under penalty of a fine if they did not make subprime loans. Then Freddie & Fanny made it worse. Then the greed really got going via Bears & Stern.
REO listings in Tennessee? I am trying to find a way to view REO/foreclosure listings in my area. I have searched myself and i find many with a "free trial" but of course they want my credit card number and I refuse to go down that road. It seems to me that banks would not like to carry the cost of a house on their p&l so therefore would make listings available to the public so they may be purchased. I have looked on the HUD website and it is no help. I thought this might be a way to get more house for my money but its becoming a headache. I want valuable information please, so take your time and research your answer. ALL answers will be appreciated. Please help! I am about to give up and just look at agent listed homes!
have a rental property,need to short sale or foreclose,advice please!? We have a rental that will be empty at the end of Feb,our tenant cannot afford the pmt any longer.We aren't making any money off him,just paying the mortgage on it,and although he has been a good tenant,he almost moved out back in Sept/Oct due to money problems.We can't do anything for him as far as lowering the pmt,since as I said,we aren't making a profit and I don't see the mortgage co. doing a refi on a rental to save about $40,which won't help him at all.We can't even afford to cut $100 or so off the rent and carry him for it,we couldn't pay our own house pmt if we did! It's very nice inside,due to all the remodeling,but would still be a short-sale,though,due to the market and the fact of it being an older,albeit nice,mobile home.We outgrew it and couldn't afford it,so had to live with family while we saved money to put towards a new place.The thought of renting it out again after he leaves is scary.We didn't want to do it the first time,but felt like we had no choice,the market being the way it was,etc. He just happened to be in the right place at the right time,with enough $$$ to cover rent and the pmts that we were behind,with the understanding that it was NOT a deposit and he would NOT be getting any of it back if he broke the lease.We have offered him 45 days to leave,rather than the standard 30,since that will make up for the money he put down towards it,thinking to eventually qualify to buy it through assumption (it's FHA) of our loan or get his own loan.I don't know whether it's better to try and get a short sale approved (upside down 20-30k,is my best guesstimate),let it go into foreclosure (credit is shot anyways)or do a deed-in-lieu,if we can.We have been advised by a realtor friend not to try for a short-sale because of the market here,plus he says the lender WILL sue us/obtain a deficiency judgement (our state does permit them)BUT, we do have PMI because of it being a HUD/FHA loan.We know we aren't going to make any money off the sale,and we don't care. Our main concern is-#1 ,taking care of this in a way that will satisfy the lender so that they won't sue us fit to break us/cause us to lose our current home,which we are buying through owner financing and worked very hard on just to make it livable.We can just make the pmt here now,with our income and only b/c OUR landlord/seller is VERY good about letting us split the pmt,whether it's 50/50 or 60/40 from month to month.He can do that,b/c it's his,free and clear.If WE had an extra $100 to comfortably spare we would cut rent for OUR tenant and spot him that $100,at least for a little while.(I don't think they can't take our new house from us/put a lien against it,b/c it's not in our name yet) #2,letting the house sit vacant while it's up for short-sale/foreclosure,since it's not in the best neighborhood. We don't want to be responsible for damages/vandalism,but we are not going to let our tenant have a free ride.We already told him that if he is indeed moving,use the next 45 days to save up all his money towards his new place.We told him we do not expect rent during this time( if he can't pay the Jan rent,why would he pay Feb and still have money towards a new place,right?),nor will we come after him for money when he leaves after the 45 days,so long as he doesn't damage/trash the place.Is that fair?We think so.We don't want the stress of renting to someone else after he leaves,being a month or two behind b/c of our current tenant NOT staying current,with the mortgage co. breathing down our necks,or sticking it to any new tenant,which I feel is just not right.We realize we've made some mistakes,but this was our first (and hopefully last!) experience as landlords.We made sure we weren't committing 'buy-n-bail' before we ever signed the papers for his rental/lease agreement,or the papers on our new house,we made sure we had him signed as a tenant,moving his things in,before we moved all our things out,so they couldn't claim we were abandoning the property. Should we let him stay there.and just be one month behind,gradually trying to catch up,hoping he can keep up?This is,after all,the second time in 6 mos.,and while we've been in his shoes,it's too nerve-wracking to keep doing. Should we keep him there,for the sake of having the property occupied and hopefully deterring damage/vandalism? We don't want to let him squat in it,just saving money towards a new place,nor do we feel comfortable collecting partial payment for a place that will be lost or sold eventually anyways.We know we can't be the only people in this sticky situation,but it feels hopeless and stressful,like we are doomed no matter which way we turn.It was a win-win situation in the beginning-we got to move in with family and save up for a place we could afford,he got to rent a place that was $50 cheaper a month,with a 2-car garage and
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