Welcome to Foreclosure Home Guide
Mobile Home Foreclosure Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
from: Buy for Less with Foreclosure Home ListingIf you are interested in buying a foreclosure, you could find yourself a great home with a low price. It can be done, it may not be easy—you may have to be patient with your search. The first thing you should do is obtain a foreclosure home listing from the REO department of any bank, and see what is listed. The foreclosure home listing includes the details of the homes in foreclosure; however you should do your homework. Do a little legwork and investigate the properties. Take a look at them. The foreclosure home listing may have a great asking price, but you will need to know if the home is worth the amount listed. What may look like a sweet deal on the foreclosure home listing may not be such a good deal after all if you have to sink twice the asking price into the home and the land it sits on. A house in disrepair will require a lot of work, so you need to take the amount of money you have to spend over and above the asking price.
The foreclosure home listing is a great tool, but it doesn’t tell you everything about the house or the person that owned it. Sometimes when a home is taken back by the bank or gone into foreclosure a homeowner may take his/her anger and frustration out on the house and cause damage to it. If something like this happened you would have to sink money into the house to make the repairs and renovations.
Should you want to buy a home that has been taken back by the bank, you can find them on the foreclosure home listing, or you can call any bank and ask what houses they have to sell. The bank wants to make money, and if the bank has taken back a house, that house is taking the place of the money it should have made. Depending on the state you are in, if you buy a home directly from the bank you may or may not get a guarantee with the property.
It can take quite a while to buy a house from a bank at a low price. You may or may not be able to get the bank to negotiate with you for a lower asking price. It is often beneficial to have a real estate agent help you with the negotiations. The agents know how to talk to the bank; they have experience negotiating. Just be patient, and let the house sit in the bank’s lap a little longer, and continue to check out the foreclosure home listing from different sources.
You can get a foreclosure home listing from your real estate agent, and you can have a foreclosure home listing sent to your email address every week; this way you can keep up with all the new properties that have been added. With a little time and patience you may be able to purchase a home at a significant discount.
Mobile Home Foreclosure News
DC news in brief - Washington Post
DC news in brief Washington Post Highlights include workshops on foreclosure prevention, homeownership, senior housing and financial literacy; free credit reports and counseling; home repair and cooking demonstrations; and exhibits from community and government organizations, ... |
Housing market shows early signs of healing - msnbc.com (blog)
 msnbc.com (blog) | Housing market shows early signs of healing msnbc.com (blog) A large overhang of homes in foreclosure or in danger of foreclosure are still sandbagging the market in many cities. Foreclosures and short sales (homes sold for less than what is owed on the owner's mortgage) comprised 28 percent of the April sales ... |
Foreclosure forces fresh start on sewer work - Quad City Times
Foreclosure forces fresh start on sewer work Quad City Times Lake Canyada Mobile Home Community in rural Davenport has gone into foreclosure, forcing the Scott County Conservation Department to start over with new management to solve a long-standing sewer issue. Conservation director Roger Kean said that wasn't ... |
Young Family Transforms Mobile Home - Fenceviewer
Young Family Transforms Mobile Home Fenceviewer GOULDSBORO — Rand and Sammy Beattie had been living with her parents and saving to build their own home when they heard about a mobile home that the bank had reclaimed in a foreclosure action. Their first look inside the double-wide gave them pause. |
Mobile homes with high-end amenities - Newsday
 Newsday | Mobile homes with high-end amenities Newsday He also thought the rooms might be on the dark side, because of the smaller windows in some mobile homes. Boy, was he ever wrong. LISTINGS: LI homes for sale and open houses MORE: Real estate blog | Get our real estate newsletter | LI foreclosure ... |