My husband had surgery in 05 and from that we eventually lost EVERYTHING!! The foreclosure process was finally complete in Feb of this year. Does anyone know how many years here in Tx do we have to wait to be able to buy again? I am desperate to become a homeowner again once we get back on our feet.
I think I’m going into foreclosure in the next few months and I want to sell this house and relocate to Pennsylvania.Is there a time limit on when I can buy again?
I’m located in Georgia, and I want to buy a foreclosure. If I get preapproved through a Fannie Mae lender can I buy at an auction or do I need to use a realtor? Also, can I get rehab money included in the loan (that is if the house is less than my approval amount)?
Thanks!
We are interested in buying a foreclosure but not from a realtor or FSBO. We have looked on the county website but don;t know how to proceed…Please tell us where to start!
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My parents lost their house due to foreclosure. They currently live in it and I assume once the foreclosure goes through, they will be kicked out.
My question is..
How many days after the house is sold to the new owner in the auction will they have till eviction?
And if I were to buy the property at the auction, would there be any problems since I am the son of the original owners that foreclosed on the property?
I have heard that some banks for willing to buy you out of your home if you will buy one of their foreclosure’s. Does anyone know if there is truth to this?
I’m getting 40k and I want to buy a foreclosure in broward or dade. I want to know what type of closing costs and other fees I should be expecting with buying a 35k condo.
Foreclosure or aution houses are flooding the market. Aren’t they cheaper in general? what are some of the pros and cons of buying these houses verses those that are on the market? How is the transaction differ than other purchases?
What are the advantages of buying foreclosure or auction houses?
The Housing Mortgage Market Review came out this month – you can see the original at http://www.pmi-us.com/PDF/may_10_pmi_hammr.html
Home sales rose in March. The main reasons given are the homebuyer tax credit, rebound from the bad weather during the winter months and a better outlook for jobs and demographics.
I expect that April sales looked good as well, though I am doubtful that this will continue into May. Since the homebuyer tax credit ended in April, I expect that May sales will have fallen. I also think that the continued turmoil in Europe is going to have an affect in the overall economy here and that will affect house sales.
It is also expected that house prices and interest rates will remain unchanged through this year.
The chart that I found most interesting showed the percentage of mortgages that are ‘seriously delinquent’ (pg 5). The trendlines on this chart show that more and more mortgages are headed into foreclosure – a trend which will definately hold down the housing prices in the future.
