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Foreclosure Real Estate For Sale Article
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Risks Of Free Real Estate Foreclosure List
from:It seems like everyone out there in the real estate business is trying to sell or buy foreclosures. The most used tool used to do this is the free real estate foreclosure list. In some cases, the free real estate foreclosure list is offered on free trial for a membership site, so you can try out their services. You can get get free information from these sites, the city or county, and even government sites like HUD.gov. There are some risks involved in getting information from free sources that you should be aware of before making a final decision.
Outdated Information
Some lists aren't updated frequently enough and the information is outdated. This can cause problems if you spend a lot of time researching a specific property on the free real estate foreclosure list, only to find out it is no longer under foreclosure. In between the time the list was created, posted, and subsequently read by you, the owner may have found a way to pay back the bank, gone into bankruptcy (which stops the foreclosure process for a period of time), done a short sale, or sold conventionally. Don't waste your time assuming a property is still being foreclosed if you get it off a free real estate foreclosure list, always double-check its current status.
Insufficient Information
Obviously, the free real estate foreclosure list may not be as comprehensive as the paid ones. You want to be able to get as much information on a property before you buy: the square footage, the comparable market sales, the condition of the property, and the liens that might be outstanding. Even if you pay for a list instead of getting a free real estate foreclosure list, you will want to give the property a visual inspection and even see if you can opt to get a home inspector in too during the buying process. Some foreclosures allow you to do that, but you have to add a special clause to the contract.
Inaccurate Information
Buying foreclosures is a risky business. None of the information on a paid or free real estate foreclosure list is guaranteed. Foreclosures are sold “as is” and can come with huge repair costs and back taxes owed. You have to do your homework regardless of the information you find on a list, since it might be completely inaccurate. It is up to you, the buyer, to verify any information you get from any list, whether it is a paid or a free real estate foreclosure list.
Foreclosure Real Estate For Sale News
Seller's market returns as homes for sale drop in some areas - USA TODAY
Seller's market returns as homes for sale drop in some areas USA TODAY Bill Sikes, AP A sign advertises a pending residential real estate sale in Framingham, Mass. The dwindling inventories — driven by a mix of reluctant sellers, fewer foreclosure resales and rising demand — are spreading as the housing market gains ... |
Speeding Up Short Sales - New York Times
 New York Times | Speeding Up Short Sales New York Times Fannie and Freddie must also respond to initial requests for a short sale within 30 days of receiving the buyer's submission. “Short sales are huge right now,” said Peter Spino, the foreclosure services manager for Community Housing Innovators in White ... |
Foreclosures, House Sales Up in April - LoanSafe
Foreclosures, House Sales Up in April LoanSafe Home sales in the county increased from 206 in March to 212 in April, according to the Maryland Association of Realtors. The average price of a home sold in the county in April was $259926, up from $239533 in April 2011. Inventory of homes on the ... |
Forced home sales rise as slowdown bites - Sydney Morning Herald
 Sydney Morning Herald | Forced home sales rise as slowdown bites Sydney Morning Herald More households in Victoria and New South Wales are being forced to sell their homes as the economic slowdown puts mortgage repayments beyond their reach. So-called foreclosure proceedings in Victoria and New South Wales are on track to reach their ... |
Sales of existing homes increase in April - USA TODAY
 USA TODAY | Sales of existing homes increase in April USA TODAY Fewer distressed home sales, which include foreclosures and short sales, helps values. Distressed homes sold at a 14% to 21% discount in April, vs. non-distressed home sales, NAR says. The inventory of homes for sale has also shrunk year-over-year. South Florida's real estate market looks hot again Real-estate market improving Sales of previously owned homes up in April |