Posted on: 29th Apr, 2011 12:45 pm
I know that your time is valuable, so I'll get right to the point.
I need your advice!
I'm putting the finishing touches on a new course called "How To Buy A Forclosure Home", and want to make sure that I don't leave anything out.
So, will you let me know your biggest question about Foreclosure Homes? It could be anything... even if you think it's silly.
"What's Your Biggest Question About Foreclosure Homes?"
Thank you for your input.
I need your advice!
I'm putting the finishing touches on a new course called "How To Buy A Forclosure Home", and want to make sure that I don't leave anything out.
So, will you let me know your biggest question about Foreclosure Homes? It could be anything... even if you think it's silly.
"What's Your Biggest Question About Foreclosure Homes?"
Thank you for your input.
For me, it will be "How safe is it to buy a foreclosed home?"
Thanks for your question on foreclosures. We greatly appreciate it Jasmine. What other things pop in mind when you think of what it would be like to buy a foreclosure home?
take care
val
take care
val
Will I be liable for paying the mortgage that is already on the foreclosed home?
1. Am I fully protected by title insurance? Seen foreclosure sales reversed by failure to serve at the known address (i.e., not mortgaged property). The robo-signing furor has died down but once a concern.
2. Have HOA and condo fees been paid? Varies with state law as to whether these are cleared by foreclosure action.
3. What is real estate tax situation? Sometimes the court collect but (accrued but not yet due and payable) dont make it to auditos records.
4. Whole issue of access for inspections if you intent to buy at the foreclosure sale very purchasing from the successful bidder at the sale.
5. Are you comfortable with lack of seller disclosure?
6. If you intend to buy at the foreclosure sale, have you calculated your costs correctly? No seller splits on closing costs.
2. Have HOA and condo fees been paid? Varies with state law as to whether these are cleared by foreclosure action.
3. What is real estate tax situation? Sometimes the court collect but (accrued but not yet due and payable) dont make it to auditos records.
4. Whole issue of access for inspections if you intent to buy at the foreclosure sale very purchasing from the successful bidder at the sale.
5. Are you comfortable with lack of seller disclosure?
6. If you intend to buy at the foreclosure sale, have you calculated your costs correctly? No seller splits on closing costs.
How do I find a list?
What list are you looking for?