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Foreclosure Home Article
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from:How to Find a Home with a Free Home Foreclosure List
One who wants to stay on top of the foreclosure home market probably does so by getting a free home foreclosure list sent to his/her email inbox on a regular basis. The best place to get a free list is to contact a realtor that specializes in foreclosure properties. The REO (real estate owned) properties department of any bank will send out a foreclosure list to the many real estate foreclosure listing agents. These agents then can pass them on to all the realtors in their area, and you can get one sent to your email every week just for the asking. Another way you can have access too a free home foreclosure list is to go on the Internet to hud.gov and foreclosurefreesearch.com, and plug in the city and state; the free home foreclosure list appears on the screen where you can either bookmark the page or print it.
If you want a copy of a free home foreclosure list and you don’t know where to go, you can go to the Google or Yahoo search engines and type in the words free home foreclosure list and the search engine brings them up you. Though you typed in the word free, the search engine will bring up all of the websites whether they are free or not. Some websites give incomplete lists, and will give complete lists with a free trial; however there is no need to pay, because there are plenty of places to go on the Net to get a free home foreclosure list.
Your free home foreclosure list will be complete with a photo if available, or it will come with an aerial view of the neighborhood, and a map with all the foreclosure properties identified on the map with little square icons. A free home foreclosure list is helpful because it identifies which type of foreclosure each property is. A strict foreclosure is a property foreclosed on by the bank or lending company and will be sold by the ban; a judicial foreclosure is one that a judge orders the property to be sold at auction.
There is a common misconception that you can buy a foreclosed property for little of nothing; which isn’t true, but you can sometimes purchase a home for as much as 30 percent of market value. When you find a property on the free home foreclosure list, be sure to inspect the property. Walk in and around the home and take notes, and photos of the home. This way you have a visual, as well as a written record of each property that you inspected.
The free home foreclosure list is helpful, but you must do your homework. You must decide if the home foreclosure is worth your time and the asking price. Sometimes there is damage done to a property due to a disgruntled owner, being upset about losing his/her home, and then a home may just be in bad shape. You have to consider what it will cost you to get the home and the property it sits on restored into good shape. The cost of repairs and renovations could cost as much or even more than the asking price, so take your time and check out each home thoroughly.
Foreclosure Home Specific links
Foreclosure Home News
Foreclosures at the high end increase - San Jose Mercury News
Foreclosures at the high end increase San Jose Mercury News By Pete Carey Keller Williams realtor Joe Reichert walks down the steps of a 3500-square-foot, 4-bedroom, 3 1/2 bath short sale property in Alamo, Calif. on Thursday, Feb. 2, 2012. High end foreclosures have increased over the past couple years, ... |
Government officials testing plan for foreclosed homes - Lancaster Eagle Gazette
 USA TODAY | Government officials testing plan for foreclosed homes Lancaster Eagle Gazette The government is starting to shed foreclosed, single-family homes it owns -- by selling them in bulk to investors, who would turn them into rental properties. Officials, however, are saying only that test sales will occur "in the near-term" with a ... Foreclosure To Rentals? Why foreclosure investors are double-edged sword for economy Fannie Mae tries partnerships with investors to sell foreclosures |
Deal Is Closer for a US Plan on Mortgage Relief - New York Times
 Wall Street Journal | Deal Is Closer for a US Plan on Mortgage Relief New York Times The settlement would require banks to provide billions of dollars in aid to homeowners who have lost their homes to foreclosure or who are still at risk, after years of failed attempts by the White House and other government officials to alter the ... Foreclosure Deal Gets Closer Mortgage Deal Reached In 2008 Shows Pitfalls To Avoid In Current Settlement |
Renting out foreclosures - Atlanta Journal Constitution
Renting out foreclosures Atlanta Journal Constitution But the region now stands to be one of the biggest winners of a federal pilot program to turn the homes — nearly 84000 total nationally — into rental housing. The plan would allow investors to buy up pools of foreclosed homes to rent out. |
Who's the Big Bad Wolf Now on Foreclosure Fraud and Abuse? - Economic Populist
 RisMedia.com (press release) | Who's the Big Bad Wolf Now on Foreclosure Fraud and Abuse? Economic Populist Then I'll huff, and I'll puff, and I'll blow your house in. To date that's been the story of the banks as the big bad wolf, blowing houses down all over America with fraudulent foreclosures, viewing home owners as tasty piglet snacks of profit. Tales from the Field: A Homeowner Who Fought Foreclosure and Won Mortgage hurricane warning from Florida businessman went unheeded NYT Bombshell: Fannie Mae Knew About Foreclosure Fraud for a Decade |