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Indianapolis has a fairly high foreclosure rate. As of first quarter 2011 the rate was about 1 in 500 homes. That's one of the highest rates in the country.

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What percentage of homes are in foreclosure?

Currently the rate is about 1% of all homes in the US are in foreclosure. It is interesting to note that this topic has no shortage of news coverage, but very, very few articles mention this number, only the percentages that the foreclosures have increased.


Can your mortgage lender sell you a home they own?

Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.


Where can one find listings of homes in foreclosure?

Listings of homes in foreclosure can be found on Realty Track, Bank of America, Home Finder, Zillow, Orlando Sentinel, Home Path, Real LePage and Alabama Foreclosure.


Foreclosure can you buy a new home with cosigner?

You can buy a home after foreclosure without a cosigner as soon as 6 months after a foreclosure 12 months if it's also a bankruptcy. The issue is the interest rate. Unfortunately a cosigner doesn't seem to help much in getting the interest rate better. The good news is that in the current market, you are bound to find plenty of homes for rent very cheap. Many times below what the interest rate is. If you are younger you still have many years to rebuild your credit and hopefully you can get back into your own home with a reasonable rate in 7-8 years after your foreclosure. You can buy a home after foreclosure without a cosigner as soon as 6 months after a foreclosure 12 months if it's also a bankruptcy. The issue is the interest rate. Unfortunately a cosigner doesn't seem to help much in getting the interest rate better. The good news is that in the current market, you are bound to find plenty of homes for rent very cheap. Many times below what the interest rate is. If you are younger you still have many years to rebuild your credit and hopefully you can get back into your own home with a reasonable rate in 7-8 years after your foreclosure.


If foreclosure homes are sold at auction how are realtors selling foreclosure homes - Do they purchase the homes themselves or are they attempting to sell before the auction - How does this work?

the owner who is in foreclosure is attempting to sell the house before the foreclosure goes through. this is completely legal. if they want to sell the house for less than the amount that is owed to to the holder of the mortgage they will need to get the mortgage holders agreement.

Related Questions

What is the foreclosure rate in Inglewood California?

1 in 3267 homes in Inglewood, CA received a foreclosure filing in August 2009.


What is the foreclosure rate in Miami Florida?

The foreclosure rate in southern Florida has fallen to 60% within the past year. With 1 out of 65 homes receiving a foreclosure filing. It currently ranks as 30th in the nation.


What is the Sacramento Residential Foreclosure Rate?

According to RealtyTrac.com, 1 in every 2,747 homes in Sacramento County is in foreclosure as of Aug 2009


What percentage of homes are in foreclosure?

Currently the rate is about 1% of all homes in the US are in foreclosure. It is interesting to note that this topic has no shortage of news coverage, but very, very few articles mention this number, only the percentages that the foreclosures have increased.


What can be done about foreclosure in Chicago?

Slowly the foreclosure rate is slowing in Chicago. The economy is picking up and so are job outlooks for the unemployed. Both of these things will help people who want to buy homes or to buy foreclosed homes and will stem the amount.


What happens to homes in foreclosure?

The homes in foreclosure are sold at auction after notice and publication of the date, time and place.


What is the foreclosure rate on Phoenix homes?

The foreclosure rate in Phoenix has fallen under 30% for the first time since early 2009. As of July 2011 the rate has been 29%. Also, as of July it is reported that there are more than 2,500 single-family home foreclosures.


Can your mortgage lender sell you a home they own?

Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.Yes. Lenders sell homes they have taken by foreclosure or acquired by deed.


How many homes in Florida are in foreclosure?

Millions


Where can one find listings of homes in foreclosure?

Listings of homes in foreclosure can be found on Realty Track, Bank of America, Home Finder, Zillow, Orlando Sentinel, Home Path, Real LePage and Alabama Foreclosure.


Who is the saint that protect homes from foreclosure?

Saint Bankruptcy


Foreclosure can you buy a new home with cosigner?

You can buy a home after foreclosure without a cosigner as soon as 6 months after a foreclosure 12 months if it's also a bankruptcy. The issue is the interest rate. Unfortunately a cosigner doesn't seem to help much in getting the interest rate better. The good news is that in the current market, you are bound to find plenty of homes for rent very cheap. Many times below what the interest rate is. If you are younger you still have many years to rebuild your credit and hopefully you can get back into your own home with a reasonable rate in 7-8 years after your foreclosure. You can buy a home after foreclosure without a cosigner as soon as 6 months after a foreclosure 12 months if it's also a bankruptcy. The issue is the interest rate. Unfortunately a cosigner doesn't seem to help much in getting the interest rate better. The good news is that in the current market, you are bound to find plenty of homes for rent very cheap. Many times below what the interest rate is. If you are younger you still have many years to rebuild your credit and hopefully you can get back into your own home with a reasonable rate in 7-8 years after your foreclosure.