ColdFusion
Contributing Member
Cash: $ 2.37
Posts: 25
Joined: 17 May 2005
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I'm very interested in buying foreclosed property in my area. Does anybody knows if there is a FREE way to get foreclosed lisings for specific city?
If not is there a good PAID website available ?
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Thu Dec 22, 2005 7:19 pm |
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Rolo
Yo' Daddy
Cash: $ 309.70
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
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Many counties post that on the Internet. Check your clerk's website or just call them.
"Expect me when you see me."
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Thu Dec 22, 2005 10:28 pm |
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kat
New Member
Cash: $ 1.20
Posts: 6
Joined: 23 Dec 2005
Location: Texas
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Go to the courthouse and look through the county records. There should be a lot of foreclosure listings there and its free.
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Fri Dec 23, 2005 7:53 pm |
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Traveler
New Member
Cash: $ 0.85
Posts: 4
Joined: 04 Jan 2006
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Do you due diligence with forclosed property. Especially if it is in northern regions. Many sit unoccupied for a long time and can have some major problems that take major money to fix.
I learned this the hard way, well found out just in time, but almost made a huge mistake.
Not saying you cant do well with some forclosures though. Just dont jump and do your homework.
I go to my county courthouse and get the information for free also.
Have a great 2006!
Kim
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Thu Jan 05, 2006 6:48 pm |
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bong12187
Preferred Member
Cash: $ 24.50
Posts: 120
Joined: 31 Jul 2005
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quote:
Originally posted by Traveler
Do you due diligence with forclosed property. Especially if it is in northern regions. Many sit unoccupied for a long time and can have some major problems that take major money to fix.
I learned this the hard way, well found out just in time, but almost made a huge mistake.
Not saying you cant do well with some forclosures though. Just dont jump and do your homework.
Kim
Totally agree with Kim. due diligence, knowing the market, analyzing cash on cash return are some ways to minimize risks.
B
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Tue Jan 10, 2006 9:02 pm |
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blackburnri
New Member
Cash: $ 0.80
Posts: 3
Joined: 11 Jan 2006
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Cold Fusion -
Are you interested in purchasing property that has already been foreclosed on or property that is in pre-foreclosure?
Depending on what stage it is in the process there are different ways to purchase it.
I work a lot with pre-foreclosure properties and working with the homeowner in order to buy the property. Where I am there are a lot of properties that are overleveraged so I do a lot of short sales - asking the bank to take less than what is owed.
In either case I agree due dilligance is needed.
Good Luck
Stefanie
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Wed Jan 11, 2006 5:12 pm |
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