Hey guys and gals,
I remember there being a thread awhile back about buying a foreclosure. I searched and I could not find anything! I was wondering what website is best to use when searching for a foreclosure and any advice when purchasing one!
Thanks a million!
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Thread: foreclosures
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07-15-2010, 09:09 PM #1Post whore
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foreclosures
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07-15-2010, 09:43 PM #2Flyin SS
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websites are a waste of money. You can go down to the local city hall and see the list of forclosures posted going for auction. usually you dont want it at auction, cause the starting bid is whats owed, and if you do bid on it, you are responsible for all leins and back taxes. Banks usually buy them back at auction and then list them with a local realitor. Any decent realitor can give you a list of forclosed (bank owned) homes. the process of offers is painfull though sometimes. the last few I did went quick, this current property that I am trying to buy I have been waiting over a month for a response from Fannie Mae.
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07-17-2010, 01:20 AM #3Post whore
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^thanks for the info!
Money Comes and Money Goes,
But Rat Fink is Forever
"There isn't a man living who isn't capable of doing more than he thinks he can." Henry Ford
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07-17-2010, 07:54 AM #4Flyin SS
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I just bought a house in short sale. Crazyiest house so far. Offered $100,000 less than asking, and the bank just accepted. I close end of august. this is still definatly a buyers market.
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02 Crewcab Dually -dropped and smoking on semi wheels -
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07-17-2010, 11:28 PM #5Senior Member..now yer posting!
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Thanks for the info. My girl friend and I are just starting to look for our first house and we are learning as we go so any info would be great.
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07-18-2010, 07:50 AM #6Post whore
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^i'm in the same boat as you... but I'm looking right now (won't have the funds until next year this time or maybe later then that... unless I come across a kick ass deal)
Money Comes and Money Goes,
But Rat Fink is Forever
"There isn't a man living who isn't capable of doing more than he thinks he can." Henry Ford
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07-25-2010, 09:45 PM #7Post whore
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Hey guys Is there a way to find Waukesha/Milwaukee foreclosure sales on a website without paying a fee or do I have to drive down to the county courthouse?
Money Comes and Money Goes,
But Rat Fink is Forever
"There isn't a man living who isn't capable of doing more than he thinks he can." Henry Ford
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07-26-2010, 06:59 AM #8Senior Member..now yer posting!
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I believe your stuck going to the court house or Realtor to find that list.
I have had some luck finding a few online and hoping to go check one out this week that I can get a good deal on. It will get me out of the city alittle farther then I wanted but If I can get it for the price I want I wont bitch one bit.
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07-26-2010, 07:07 AM #9Grandpa Grocery Getter 2.0
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Waukesha County Courthouse foreclosure auctions:
http://www.waukeshacounty.gov/page.a...=9830&id=14218
It usually shows up as an REO within 6 months.Buy made in the United States. Otherwise your job might be next. Unless you already wear black shoes and a visor with golden arches on it to work in which case your fellow american has already failed you.
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07-26-2010, 07:24 AM #10Post whore
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^thank you guys!
Money Comes and Money Goes,
But Rat Fink is Forever
"There isn't a man living who isn't capable of doing more than he thinks he can." Henry Ford
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07-26-2010, 07:58 AM #11
I am working on finishing a foreclosed house in West Allis, far west side. Appraisal came back at $350K and the bank told me they are hoping to get $200K for it.
Let me know if you want to see it. Also, if you act quickly, you could make selection for the finishes. But you have to act REALLY fast as I ordered cabinets last week friday.
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