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What has the author Theodore J Dallow written?
Theodore J. Dallow has written: 'How to buy foreclosed real estate for a fraction of its value' -- subject(s): Foreclosure, House buying, Real estate investment 'How To Buy Foreclosed Real Estate' -- subject(s): House buying, Real estate investment, Foreclosure
What does foreclosed real estate mean?
Foreclosed real estate is a property which may or may not include a domicile that was repossessed by a bank or other lender organization because the original leinholder went into default either directly with the bank or to a third party (i.e. the state)
What are the benefits of buying a foreclosed property?
Generally foreclosed properties are cheaper to purchase because the bank is trying to offload them immediately to recoup their lost funds. They are a common entry point for people looking to join the real estate market.
How can you buy foreclosed or inexpensive real estate property in Connecticut?
Omg omg idk but i lov ct i waz born there! Find a CT real estate agent and talk to them - they should be able to direct you to the inexpensive real estate listings.
What does reo stand for?
In real estate, REO is the acronym for 'Real Estate Owned". REO asset management companies help mortgage lenders maintain their foreclosed and abandoned properties so that they are viable for sale.
Can cupboards be removed from a foreclosed home?
Not if they are "built-in". Once they are attached to the property they become a "fixture" and become part of the "real estate".
How do you look for foreclosed homes for sale?
You can search for foreclosed homes for sale by checking online listings on real estate websites, contacting local banks or lenders, attending foreclosure auctions, or working with a real estate agent specializing in foreclosures. It's important to conduct thorough research and due diligence before purchasing a foreclosed property.
Is it cheaper to buy land from bank foreclosure or from real estate agent?
Banks often use auctions or real estate companies to sell foreclosed homes. The fewer middle men you have, the less it will cost. However, in many cases you cannot negotiate price or repairs with the bank and most foreclosed properties are in various states of disrepair and have title problems. A real estate agent is savvy about buying real estate and is looking out for your best interests. They may help you to not jump in over your head.
What does the real estate standard contract default rate mean?
The real estate default rate is the rate of borrowers that fail to remain current on their loans. When a homeowner is in default, their house may be in danger of being foreclosed on.
Does the furniture go with the condo you foreclosed on?
In a foreclosure ONLY the real estate is affected. Unless the condo was originally purchased fully furnished - the furnishings are the personal property of the owner who was foreclosed on and are not subject to seizure by the lender.
What does rehabbed mean in real estate listings?
A home that was foreclosed or bank owned (REO) and has been purchased and renovated to like new condition.
How do you find homes that have been foreclosed?
Finding a foreclosed home can be done several ways. Contacting your local real estate agent is always the best place to start. Your real estate agent can help you find homes, contact the agencies selling foreclosed homes, refer you to agents of a specific region, and handle the paperwork that comes with purchasing a home. Whether you're an investor, or purchasing your own new home, real estate agents are very beneficial. Also check your local newspaper, not only for individual foreclosed homes, but for auctions as well. Purchasing a home through auction, can in general, be much cheaper, and faster than simply going through a real estate agency. I don't like to go on a wild gooes chase and you shouldn't either; so check out a great website that I use: Foreclosures.com
