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Fresno County Pre Foreclosure Home Article
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How To Understand Pre Foreclosure Listings
from:Understanding pre foreclosure listings is important, especially if you are trying to capitalize on a declining home sale market and what to purchase an outstanding property at a lower than market value price. Pre foreclosure listings, also known as short sale listings, are available for free on many different sites on the internet as well as through private access sites. Keep in mind that all homes on pre foreclosure listings are not for sale, some owners will be able to negotiate with lenders, refinance, or may borrow against other collateral to make up their default payments, bringing the property out of foreclosure.
Pre foreclosure listings are also known as short sales, since the buyer is selling his or her property "short" of the total cost of the mortgage. For example, a home owner with a $200,000 home that is in pre foreclosure may owe $180,000 on the mortgage, but may be willing to sell the home for $160,000 to avoid having a foreclosure on their credit record. This means that the buyer will purchase a $200,000 home for $160, 000 or less, which is well worth the effort to find pre foreclosure listings and contact the owners.
Depending on the type of pre foreclosure listings that are provided by your agent or the website you select, you may be provided with more or less information. The free websites tend to offer the very basic information while the pay per use or subscription type websites can be highly detailed in the information they provide. This information may provide information such as:
• Market value and equity information on the property
• Comparable sales in the area both in foreclosures, pre foreclosures and traditional home sales
• Property reports
• Tax information on the property
• Arial maps of the area as well as pictures of the property
• Phone numbers and contact information for the home seller
Since there are more and more people that are investing in property using the pre foreclosure listings and services, the most up to date and current listings tend to provide the best returns for investors. When deciding if you want to subscribe to a particular pre foreclosure listing service, check to see if they offer a free trial offer that you can become familiar with navigating around the site and locating information in a simple fashion. Many sites are set up to email you the information or to send daily listings that meet your search criteria directly to your email or to your cell phone through a text message.
Fresno County Pre Foreclosure Home News
Distressed home sales drop in April - Fresno Business Journal
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McEwen: Philly 'noise machine' fails first FUSD test with Vang - Fresno Bee
McEwen: Philly 'noise machine' fails first FUSD test with Vang Fresno Bee As recently as last month, he listed that same address on Fresno County traffic court documents. Amazingly, the home owned by Vang in Clovis Unified wasn't on the Fresno Unified timeline. Either Fraser's office is incompetent, or it intentionally ... |
Attorney General Kamala D. Harris Joins Central Valley Law Enforcement Leaders ... - Sierra Sun Times
Attorney General Kamala D. Harris Joins Central Valley Law Enforcement Leaders ... Sierra Sun Times May 17, 2012 - FRESNO -- Attorney General Kamala D. Harris today was joined by Fresno County Sheriff Margaret Mims, Merced County Sheriff Mark Pazin, Tulare County Sheriff Bill Wittman, and Fresno Police Chief Jerry Dyer at a press conference in ... |
Fewer Valley foreclosures, rise in home sales leave some optimistic - Fresno Bee
Fewer Valley foreclosures, rise in home sales leave some optimistic Fresno Bee The adjoining chart provides a snapshot of key housing indicators in Fresno, Kings, Madera and Tulare counties during the first quarter of this year. New and existing home sales inched up between January and the start of the spring buying season in ... |
Mortgage fraud hits Valley hard - Fresno Business Journal
Mortgage fraud hits Valley hard Fresno Business Journal Jesus Moreno CastellanosThe Central Valley has one of the highest levels of home foreclosures in the county. To make matters worse, the region has seen a surge in mortgage fraud. Scam artists, knowing how desperate many residents are to save their ... |