Upcoming Foreclosures

Who has the BEST website (paid or free) to locate foreclosures and bank owned properties? I am considering a career change and have 350,000 to invest in the home foreclosure market with the intention of fixing the homes and keeping as rentals or flipping them.

help with understanding bank owned foreclosures? If a bank owns a house that is worth 200,000 lets say. And lets also say that all that is owed on the house is 100,000. As a buyer, if I put in a bid of 115,000(to cover closing costs) is the bank going to accept this offer. I heard a rumor that all the bank wants to do is collect the money owed on the house and whatever they recieve after that, they give to the original owners. Is this true? Help clarify some of this for me. I am in the state of Texas if that makes a difference. Thanks. Ya but lets say that whatever I am offering is covering all of the banks cost, if this is so, then what's to say that the bank won't sell me the house with a low-ball price?

im looking to buy a house in flushing, new york at foreclosures or bank owned. how do i get a list? ? I was told to a courthouse. where is it? is there a site. thanks

How do you buy a house that is in foreclosure or bank owned? We are looking to buy a home and have seen several homes in our area that are foreclosed (bank owned). How do you go about buying these homes? Can you really buy one of these homes?

Questions about carrying costs for a bank-owned foreclosure property? I can’t find any internet sources on this so hopefully someone here can help. I am more than willing to do the calculations myself if someone has a formula for this. If a bank foreclosed on a mortgage that was somewhere between $150-160,000, what would it cost that bank per month in carrying costs? If you can’t give me a number, can you at least define "carrying costs?" I understand that it’s the cost of owning the home until it sells, but what items/expenses make up the actual cost? Is it just the foregone mortgage payments? Thanks so much in advance!

How much should I offer on this Foreclosure/Bank Owned Home? The house was built in 2000, was sold in 2002 for $144k and is now listed at $132k. The bank took ownership of the home in October of 2007 so they have been holding onto for a long time. It is owned by Wells Fargo. Comps in the area are ranging from $130-$160. What should I offer and what should I expect to pay for the home? It is located in Rockford Michigan which is north of Grand Rapids.

There is a bank owned foreclosure that has been vacant for 4 years and I am interested in it how do I get it? The house is not on the market and the bank claims they have no record of the house, but they are paying the taxes on the house and the city forestry bills when the city cuts the grass. How do I go about getting this house. It is falling apart and I can't get a straight answer from anyone. Wells fargo bank is on the deed as owners and they are paying all the bills........

questions about bank-owned foreclosures.? are there any hidden disadvantages to buying a bank-owned home? if you have any knowledge that would help me in any other way regarding to this question it would be grate if you could add that to! thanks ;D

Can I get a loan on a bank-owned foreclosure anywhere? I'm looking into purchasing a condo that has been foreclosed and is now owned by a bank. It's priced at around $37K. Would I be able to shop around for a loan anywhere I want? Or are there certain restrictions on where/who I can get a loan from when it comes to these types of properties?

Bank Owned Foreclosure? How do I go about buying a house in foreclosure/bank owned? Will banks finance properties in foreclosure? Do you think foreclosures are a good investment?

i found a house that i want to purchase. Its a bank owned foreclosure? It has been on the market almost 3 months 70 + days. Its listed at 289,000 what should i offer?

How can I find out the street address of houses that are in pre-foreclosure or foreclosure or bank owned homes

where can i find foreclosure or bank owned houses? around murieta,canyon lake,quail valley,sun city,temecula and lake elsinore.for free.so i can contact the owner or realtor with no membership or trials without a credit card.

I am purchasing a bank-owned foreclosure..? It needs some work. I just need some prices as to what it costs to do the following; Completely renovate 10x20 Kitchen Completely renovate 5x9 Bathroom Replace approx. 20 Windows Restore 1000 sq. feet of hard wood flooring

How do you buy a foreclosure that is bank owned?? Or just find a foreclosure to bid on but you done have cash, with a loan.

How negotiable is the price on a foreclosure owned by a bank?

where can i find foreclosure or bank owned homes? around riverside county,canyon lake,quail valley,sun city,temecula,murrite,moreno valley,and lake elsinore.

Bank foreclosures? Does anyone know about bank owned foreclosures in nj. Someone told me banks had lists of foreclosures and I could buy a house for 200.00. Although the question may seem dumb or naive on many levels please don't answer if you don't have anything productive to say. Your sarcasm is not appreciated. For those who answered with other alternatives I am grateful for you assistance.

How do I buy foreclosed home/short sale/bank owned.? I am having a really hard time buying a house. After a few weeks of trying by myself to buy a home. I have come to realize that I REALLY need an agent. I have a month to buy a home and have come across the "short sale" which can take up to 3 months. I have been approved for 200k. I want a townhouse and it seems like all the homes I can afford are way out of town. At the same time I see hundreds of homes in short sale and foreclosures. Here are my questions hopefully you can help me out. 1) If I make an offer 5k-10k higher than asking price on short sale, will the accept faster or will it still take the same amount of time? 2) If I go with bank owned/REO should I have a realtor and also what is the wait time on the approval. 3) What is the best way in going about buying a home in foreclosure/bank owned/short sale?

Can you please explain to me what the difference is between foreclosure, pre foreclosure and bank owned homes?

which website is good to find foreclosure and bank-owned property at Redmond, Bellevue WA ?

Bank Owned properties: How do I get information about REO for free? I have found some houses that are currently bank owned (I assume a REO). I have found these through a site that lists pre-foreclosures, foreclosed houses up for auctions, and bank owned properties... But it won't list the address, or anything about when the auctions are, and I have no idea who to contact if I am interested in this house without paying for the service. Are these records listed for free anywhere? Can I go to the cityhall of the city the house is in? Do I have to go to each bank to find it out?

Where can I find a list of foreclosures without paying some website? I am looking to find lists of bank owned foreclosures in California, but I do not want to pay some website $50 to do a search for me. I know B of A has a search, but there are only a couple of listings. Does anyone know how I can get a list of foreclosures in California without having to pay anything? Thanks in advance!

How do I purchase a foreclosure home that is owned by the bank? I have found several home in foreclosure that the property is owned by the bank what is the next step? How do I find the MLS numbers and addresses? How do I find out if the price listed is the selling price? How to bid on the property?

Bank Owned Home sale / Higher offer? I am looking into buying a bank owned foreclosure which is being sold by a realtor. I called on the listing and the realtor said the house has already had an accepted offer and that they would call me back if it doesn't sell. I asked if I can put in a higher offer and they said no, because the bank is not accepting higher bids. Does this sound right? I figured the bank would want more money and I should have the right to put in another offer before the home closes.

Can a bank refuse to look at an offer on a bank-owned foreclosure? A friend of mine has tried to submit an offer on a home that is bank owned. The bank has accepted an offer already, but my friend would like to submit a back up contract. The agent working with the bank has said that he will not submit any other offers as a back up because the bank does not have to look at any additional offers made once they have an accepted contract. Is this true? The property is in Georgia. There is currently an accepted contract on this property. I know that on property that is owned by an individual, the agent has to present ALL offers even if there is already an accepted contract. So I am just trying to find out if when a property is bank owned, the agent is exempt from having to present any other offers? Thanks to everyone who gave informative information. I just spoke with an agent who works with Wells Fargo on their foreclosed properties. He says that it is Wells Fargo's policy that if they have an accepted contract, they will not consider any other offers because they are "proceeding ahead with a positive attitude that the deal will close successfully". I, personally think it would be in their best interest to have a back up contract, but I guess due to the extra paper work a back up contract would create, they would rather not fool with it.

what will banks do with existing foreclosures? i have a offer pending with a bank for a bank owned foreclosure. Didnt know if they might reject my offer and wait for a bail out.

What are the advantages/disadvatages of purchasing corporate owned property.? Is it different than foreclosure or Bank owned?

Can someone define these terms to a student researching foreclosures? I compiled a list of foreclosures off realtytrac.com and I am doing a demographic study of the affected zip code. The web site differentiates between the following terms: Pre-foreclosure; Auction; Bank-owned; FSBO; Resale Any knowledge at what determines the housing status would be greatly appreciated, it doesnt have to be too detailed, I just want to be able to filter what I need.

Bank-owned home? Foreclosure? I found a home online that is 'bank-owned'. What does this mean? The website doesn't list the bank, but I have the address of the home. Who would I need to contact about it?

Where can I get listing of default/bank owned houses? I read from yahoo answers that you can go to your local courthouses to get a listing of houses in foreclosure. 1. Can anyone clarify if these listings would show houses that are in default? 2. Does it also show a list of houses that are bank owned? 3. Where can I get a listing of houses that are in default? 4. Where can I get a listing of houses that are bank owned? Thanks!

where can i get a list of default/bank owned houses? i read from yahoo answers that you can go to your local courthouses to get a listing of houses in foreclosure. 1. Can anyone clarify if these listings would show houses that are in default? 2. Does it also show a list of houses that are bank owned? 3. Where can I get a listing of houses that are in default? 4. Where can I get a listing of houses that are bank owned? I live in San Francisco. Thanks a lot!

If you as a real estate developer has obtained a driveway easement but you then found out that the bank owned? the property in which the easement of the driveway is over. Then you find out that the bank that owns the property in which the driveway is over and they are having a public foreclosure on the property. Should I be concerned about this? If so, what steps can I take to protect me as the developer?

Bank Owned Property? What does it mean if a property (house) went into foreclosure then became 'bank owned' then sold? Is there a way to find out who the new owner is?

How do I go about buying a Bank Owned house? The ones that went into foreclosure...do they usually sell for more than what the house forclosed for? Would they sell the house for the foreclosed amount plus closing costs?

Can you ask bank to de-winterize the home they are selling? I know the home is bank owned and as-is due to a foreclosure and they had winterized it. I would like them to de-winterize it before I have the inspection - so I can have the inspector make sure the plumbing is working right. Will they do that, or will I have to take my chances?

How long does it take for a bank to approve of the purchase of a bank owned foreclosed property? I put a full priced offer in on a beautiful brand new home that was in foreclosure. Its been 2 months and still no word. My realtor claims she has contacts that should get back to her but never has...is this normal? I am unaware of anyone buying the house and still appears to be for sale

i would like to winterize and secure properties after a foreclosure before the bank resells the properties? i would like to start a small business in central pennsylvania winterizing, securing, interior cleaning, and outside clean-up for curb appeal on bank owned properties (working for the banks) so that the bank can resell the properties. i'm looking for contacts and pricing in this field. i have alot of work experiance in this area but need pricing and how to go about contacting the right people. also looking for any web sites that might help. thank you.

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 to find bank owned properties in Canada? I don't want to go through foreclosure.com that kind of websites. I would like to get finding info. directly from financial institutions.

I want to find out which bank owns a property that is in foreclosure.? The property is not livable so the Realtor's mortgage broker cannot get me a loan, and thus he realtor will not give me any information. I want to deal with the bank directly.

WIll a bank trade my condo for there house ? I would like to swap for a bank owned house. I still have equity in my condo, Would a bank consider this an option if they have a property that's about 100k more than my condo. I would refianance with that bank. With foreclosures happening everyday here in Las Vegas . To me it's a win win situation for the bank to move a higher price property and get my loan .

How do I buy a new home before I sell my home? I currently own my home (no mortgage) and have found a bank owned foreclosure in great shape that I want to buy to live in. To purchase the property I would have to sell mine. I want to put a large down payment with the sale of my house and have reasonable payments in the new one ( there is not a great difference in the value of the two). How does this work? Anyone know anything about bridge loans? Should I take out an equity loan to pay for the new one until I sell? Help!?!?

Anyone made bids on a bank owned houses? The house is not in foreclosure.? The owner left the premises even though the house has been almost paid off. Now the bank is trying to sell and even though they realtor is showing the house, they are taking offers even though they have put a price on it. I am not sure if they have the traditional way of signing the contract by putting down the money. The agent who showed us the house is not giving clear details as to what we should do. Any suggestions?

Does it take longer to buy a foreclosure? If yes, why? How long in the Northern Virginia area? I sold my home and entered a 1 year rental agreement earlier this year. I am now ready to purchase and would like an idea of how far in advance I should pursue a bank owned foreclosure?

A bank owns a house that just came out of foreclosure in my area, why did it go from 43k to 12k? It was last sold in 2004 for 43k. Now it is priced at 12k. The realtor stated that the house is priced accordingly and that it's still "VERY" negotiable. How would he know that it's so negotiable? The assessor shows that Citifinancial owns it, but he said that a 3rd party owns it. What's that about? *The house hasn't been advertised yet. He told me about this house because I was interested in another house that was already sold. It was sold @ 43k because I checked the assessor's records. http://maps.cabellassessor.com/portal/photo.php?PARID=05++48006200000000

How can I find out what the BANK really owes on a house? I am house shopping and I would like to know what exactly amount does the bank owe on a house which is bank owned? Why do people do SHORT SALES? What are foreclosures?

i was just given 14 days to move by bank said owner lost mortgage and now it is bank owned? I recieved a 14 day notice by bank home was fore closed i was not named as a defendant in foreclosure didnt know till bank came with notice. what do i do

what is corporate owned property? is it different than foreclosure or bank owned?

What is title insurance and can I purchase it and have it work in a foreclosure auction scenario? The way my county works, all bank-owned foreclosures are sold through a public auction that requires 20% payment at end of auction. I heard that title insurance protects against unknown liens against the property which could very well happen in this situation. Please advise I can't pay rent anymore.

What % of Foreclosures sell at Trustee Sales? My house is set to sell at a Trustee Sale on July 2nd in Nevada . I notice as I look at Foreclosure sites that some homes are Bank owned & some are listed with Realtors. Do houses generally sell at Trustee Sales?? Does anyoneknow how long I have to vacate after a trustee sale in Nevada? Any insight on this would be great!

does anyone know how to go directly through a bank to buy a foreclosure property? I have heard you can do this- and would like to forego the realtor- go directly to a bank. I know they own their foreclosures- obviously- so this has got to be a possibility. Any feedback helps. Thank you

How can I get a foreclosure list from a bank for an investor? I have an investor who wants to buy $5M in bank-owned properties in Maryland. How do I contact the banks directly? I don't know who to call...Thanks!

I had a notice from bank saying I must move out within 2 weeks. Is there any way I can delay it.? My house went into foreclosure and now owned by bank very recently.

What is the cost to repair/replace a house foundation (concrete slab) in the bay area (Saratoga, CA)? I put an offer on a bank owned foreclosure at $861K it was listed on the MLS for $860K (on zillow its worth 1.5 million). However I noticed the house (built in 1950 with concrete slab foundation, wood and stucco exterior, ranch style 1600 sq ft home on a 13000 sq lot) has many problems but I'm mostly concerned with the foundation of the house. If I buy this home I won't have much money left. And I want to know how much it would cost me to fix or replace it. I noticed the floors slope and bulge in certain areas. Any suggestions about who is really knowledgable and honest I should hire to inspect and/or fix the foundation? Because I have no idea how bad the foundation is. The house seems to be in living condition but I don't want to take any unneccessary risks. Plus because it is a foreclosure I don't have any idea what else is wrong with the property. Do you think if there is anything wrong with the house the bank would give me credits or negotiate a lower price? Thank you.

A bank owns out a house that just came out of foreclosure in my area, why did it go from 43k to 12k? It was last sold in 2004 for 43k. Now it is priced at 12k. The realtor stated that the house is priced accordingly and that it's still "VERY" negotiable. How would he know that it's so negotiable? *The house hasn't been advertised yet. He told me about this house because I was interested in another house that was already sold. It was sold @ 43k because I checked the assessor's records.