lilcrickey asked:


I’m looking to rent-to-own a house that is FSBO. In their online listing they said they are willing to do rent-to-own. I would simply like an answer to my question not a bunch of information about rent-to-own vs. buying a home. I am in Michigan if that helps.

raidencmc asked:


I am looking into buying a home that is close to or going into foreclosure. “The bank will entertain a short sale.” Is there a way to find out how much is owed on the house so I can make a make an educated offer.

Dark Chocolate for 1 asked:


Looked up house to see it was appraised for 27K & talked to the trustee to find out he wants to sell it for 50K-65K. I really can’t see what work he has done to raise the price that much. If that is the case I should buy it & finish everything myself. Just curious?

girlofgumbo asked:


I know a realtor would say that they are worth every penny and I know some good ones. But some home owners want to save on the realtor fees and sell their home themselves. Does anyone have any advice on buying a home from someone you know and how best to handle it? An friend is wanting to sell their home. I am sort of interested, but don’t really trust this friend. The home is only a few years old and there’s not any problems that I know of and I would get it inspected and appraised. Looking for some feedback on this sort of thing. Thanks!

juicyfruit asked:


I’m interested in buying a home in foreclosure, but I don’t know what the different stages are or what they mean. I’ve seen “notice of default”, “real estate owned”, “notice of foreclosure sale”, and “pre-foreclosure.” Can someone please tell me the stages (from beginning to end) and what that means to me as the potential buyer? Thanks.

Create a video blog…instantly.

rocd asked:


I ask because my realtor is very adamantly against us buying a home we like but it’s for sale by owner. The owner is not financing it.

Content – Members-Only Content for WordPress

pettygoesracin asked:


Found a home for sale by owner and would like to put an offer on it. How do I go about doing this making sure I am protecting my own interests? Thanks Paul

Create a video blog

Thomas Bladecki asked:


There are hundreds and thousands of houses foreclosed on a regular basis in today’s markets. A pre-foreclosure happens when a person fails to make payments of mortgage loan to the banks or any other financial creditors. In this case the bank or the lender re-claims the house by foreclosing it and recovers the amount by selling it below the market value.

Pre-foreclosure lists contain the lists of thousands of foreclosed homes that are going up for auction. These pre-foreclosure lists can be an excellent opportunity for both the buyer and the potential homeowner. Buying a home prior to going to auction directly from the homeowner or bank can drop the price up to 50%. The buyer has enough time to research on the foreclosed property before investing; if you take the time to find a reliable list. Pre-foreclosure lists are considered as a reliable source of information for people investing in real estate.

Few ways to find pre-foreclosure listings:

1) A search of public records will help a person get the entire list of properties facing foreclosure. Public records like County Clerk or County Records Office does not cost a single penny. Some of them even allow individuals to search properties that have been already been foreclosed.

2) Various websites that offer pre-foreclosure lists and some even offer a great deal more information. Some of them charge a fee, either weekly or monthly to get the additional details on these foreclosed properties. Some are free to use, but the details may not be very reliable. Generally, these lists contain information on bank and government foreclosures. Through these search one can get detailed information like, complete address of the property, telephone numbers of the agent, loan amounts, lien holders and the price of the foreclosed property.

3) Pre-foreclosure listings are also available in local newspapers. Here sale notices published for public through a “Notice of Sale” advertisement.

4) Some lenders will also provide pre-foreclosure lists to the people interested in purchasing foreclosed houses.

Investing in pre-foreclosure properties has some disadvantages as well. All these above options help to gather information before buying a foreclosure house and make the deal profitable.

For an easy search on pre-foreclosure properties, these listings are normally divided in several smaller sections:

- Government foreclosure

- HUD foreclosure

- VA foreclosure

- Bank foreclosure

- Court auction

- Homeowners in bankruptcy

- Sale by owners (FSBO)

These divided sections help both the buyer and the homeowner. Through these divided sections a person can get the information on a specific type of foreclosed home. If you are in the market for HUD foreclosures, then you can view just these types of listings, saving you both time and money in the end.

To avoid the embarrassment, homeowners try to sell the home before the auction. This could be an advantage to the buyer because they sell these houses in below market rates. In pre-foreclosure lists, a person should be able to get a systematic guide to proceed in this real estate business. Following a pre-foreclosure list, one can make money quickly. Apart from searching pre-foreclosure lists, a lot of homework will be required. As long as the investor gets the knowledge from the pre-foreclosure lists, everything should go smooth and make profit.



Create a video blog…instantly.