Community Questions: Foreclosure papers filed
QUESTION: Keith asks….I want to buy a house you have filed foreclosure papers on. What is the procedure? ANSWER: Thanks for your question. Unfortunately, we at The Bank Foreclosure Guide don’t foreclosure on any homes. We are merely an information resource for people looking for information about buying foreclosed properties. So, step one will be […]
Community Questions: Renting a foreclosure
Can you rent a foreclosure? This depends on many factors, primarily if you already have a lease in place when the home is foreclosed. Generally, banks do not rent foreclosures. Read more about renting foreclosures in this community question.
Community Questions: Purchasing a home with a non traditional contract
QUESTION: I purchased a property on a simple two sentence document both signed with a witness and he would not turn the house over to me. It took about 18 months for that to happen and when he finally took me to court, he took me to renters court . This of course was proved […]
Repaired Foreclosures
Some banks repair their foreclosure assets prior to selling them. Not all foreclosures are in poor condition. Learn more about repaired foreclosures for sale and which banks are most likely to do the work prior to sale.
Buying a Home at Auction
Auction! Going, going, GONE!! Auctions have come a long way! In today’s internet-saturated world, you can bid and buy a foreclosed home online in a few clicks. Buyer beware, however, as the deals are as good as the time spent researching the property. The opportunity Many foreclosures are now being sold via auction in a […]
Foreclosure Sales: The Parties Involved
Sales of foreclosed homes involve more parties than a traditional real estate transaction. Traditional real estate transactions Let’s take a look at the most simple of real estate transactions. If you were buying a friends home, there would be two individuals involved in the sale: you (the buyer) and your friend (the seller). You would […]
Foreclosure Asset Managers
Isn’t an Asset Manager the person you use to help manage your money? Well, not in the foreclosure business. What is an asset manager? An asset management company in the foreclosure business is a company that the owner of the foreclosed property hires to basically do all the work in selling a foreclosed asset. The […]
What is Zombie Foreclosure?
Zombie foreclosures…no, these are not foreclosed homes where the undead live. What is a zombie foreclosure? Zombie foreclosures are homes that the former owner has vacated but the bank has not yet taken title. Often, the former homeowner does not even know they still own the property. Until the bank completes the foreclosure, the homeowner […]