- August 16, 2008 at 4:40 am #261879
Perhaps foreclosures for non-payment of taxes do, but bank foreclosures are different. The bank owns the property and they can do with it what they wish.
You might try looking for a real estate office that specializes in foreclosures. A friend of mine owns a real estate company that does just that. They do all the renovations necessary to make it saleable (sometimes very minor and sometimes major, you wouldn’t believe that way people will trash a house when they know they’re losing it) and then do the usual real estate listing stuff. While most of the properties they sold when I was there weren’tsuper bargains, they were usually below market and if you have a relationship with the company you might be able to buy a property for a deal if you would be willing to take it before they do their work.
— On Mon, 8/18/08, wilbe95
Subject: Budget101.com : Re: Finding Foreclosures
Date: Monday, August 18, 2008, 12:29 PM
Most foreclosures are processed and sold at Sheriff’s Auctions. If
you contact your local Sheriff’s Office, someone would be in charge
of the auctions and should be able to provide you with a list of
upcoming homes on the list and the price that the auction will begin
— In Budget101_@yahoogro ups.com, “Rustey Meyer”
> So, how do we find the FREE lists of foreclosures? I have Googled
> hours at a time, searching lawyers’ websites, and the only lists
> are ones that want a credit card should you use the site after
> sample has run out.
> Surely there are particular people/lawyers/ agents who get these
> Properties to sell? Help is appreciated- –anyone ?
> ~ Rustey
> From: Ann Garner
> Sent: Sunday, August 17, 2008 12:11 PM
> Subject: finding foreclosures
> > The reason they can go so low is that they are being put on the
> > market to try to get what is left of the mortgage. In other
> > the bank just wants what is still owed on the house.
> > Ann in Arkansas
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