Anyone Buying Foreclosed Homes? - GoFuckYourself.com

IllTestYourGirls · 05-25-2008, 08:23 AM

Anyone here investing in foreclosed homes? What resources are you using to find foreclosed homes in your area? I've googled and a lot of the sites seem like scams. Any tips or advice?

joshuawk · 05-25-2008, 08:37 AM

email me jw at jwmedia.biz and ill show you some real good sites

GetSCORECash · 05-25-2008, 08:43 AM

Not yet. The market here hasn't stoped going down here in south florida.

I just passed on a duplex for 75K, which could be fixed and sold for 150K.

Taoisea · 05-25-2008, 08:44 AM

Quote:

Originally Posted by IllTestYourGirls

Anyone here investing in foreclosed homes? What resources are you using to find foreclosed homes in your area? I've googled and a lot of the sites seem like scams. Any tips or advice?

Go to your county courthouse. They post Sheriff sales there. You can find the info you need and date of sale with each listing.

You can also look up all Sheriff sales in your local "legal notices" paper. Either way is the same. In fact, I bet your local county sheriff just hangs up the foreclosure sales listings FROM the local legal paper.

Foreclosures are a tricky business. If you don't have room for a mistake, you might try something less risky. If you've got the cash . . . go for it! GOOD LUCK!

IllTestYourGirls · 05-25-2008, 08:56 AM

Market really has not started to nosedive here yet just planning a head. I own a small construction company and I am seeing the slow down start so the time to buy will be very soon.

Quote:

Originally Posted by SCORE-Cash

Not yet. The market here hasn't stoped going down here in south florida.

I just passed on a duplex for 75K, which could be fixed and sold for 150K.

Ya I thought of this. I really want listings for my whole state and surrounding states. I like BOA they have a nice data base although their prices seem way too steep.

Im not looking to flip the house. I will be living in my first one until the market rebounds again, and can handle any repairs that are needed esp when I will be paying 100% cash with no debt.

Quote:

Originally Posted by Taoisea

Go to your county courthouse. They post Sheriff sales there. You can find the info you need and date of sale with each listing.

You can also look up all Sheriff sales in your local "legal notices" paper. Either way is the same. In fact, I bet your local county sheriff just hangs up the foreclosure sales listings FROM the local legal paper.

Foreclosures are a tricky business. If you don't have room for a mistake, you might try something less risky. If you've got the cash . . . go for it! GOOD LUCK!

Taoisea · 05-25-2008, 09:38 AM

Quote:

Originally Posted by IllTestYourGirls

Ya I thought of this. I really want listings for my whole state and surrounding states.

I'm sure you know to be extra careful when buying property in areas that you don't know so well. Just think how much you know about your current city and the subtle variables which can make a HUGE difference in Real Estate value. One street GREAT, the next street over NOT so great. Again, good luck, be careful and let us know how it goes!

IllTestYourGirls · 05-25-2008, 10:18 AM

Ya it can be tricky. Im well connected in my surrounding states. I would not buy property anywhere I do not know about.

Thanks for the encouragement. Im sure Ill brag about my fist house lol

Quote:

Originally Posted by Taoisea

I'm sure you know to be extra careful when buying property in areas that you don't know so well. Just think how much you know about your current city and the subtle variables which can make a HUGE difference in Real Estate value. One street GREAT, the next street over NOT so great. Again, good luck, be careful and let us know how it goes!

Jai · 05-25-2008, 10:23 AM

im waiting for the market to go down more a little

IllTestYourGirls · 05-25-2008, 10:25 AM

Im guessing next summer in cold weather areas will be prime time to buy. Thats why Im planning now. Oil prices will make a lot of people lose their homes

. Bad for them good for me.

Quote:

Originally Posted by Jai

im waiting for the market to go down more a little

Gerco · 05-25-2008, 10:48 AM

Be warned, a LOT of the homes are totally stripped. I'm putting an offer in on one Monday. Good place to find homes is http://www.foreclosure.com/?rsp=20773 But its not 100% right, as some places might already be gone and some of the new listing might not have made it to it yet.. Then use http://maps.live.com/ to get a nice Bird's eye picture of the house. Of course, reference the MLS and have your realtor pull listings in your price range, your going to need a agent as most banks will only take the offer though them. If your a cash buyer, talk to the agent and ask for 50% of his fee also... why not, your the one doing the work.

fuzebox · 05-25-2008, 10:52 AM

We got a smoking deal on a place in Vegas a couple weeks ago... There were so many homes at 50% of the list price from 3-4 months ago it was insane, I want to buy another one. Plenty in great condition too, no copper pipe missing etc.

payd2purv · 05-25-2008, 10:55 AM

Vegas is INSANE right now I know people from Toronto who are buying up 1 - 3+ homes in Vegas hoping to resell them for a profit in a few years..

I was there a about a month ago with my pops checking out property... My parents already own houses in Vegas as rentals.. They got no problem renting them out..

IllTestYourGirls · 05-25-2008, 10:56 AM

they are having a hard time even selling foreclosed homes all over the place. How much below the foreclosed asking price did you get?

Quote:

Originally Posted by fuzebox

We got a smoking deal on a place in Vegas a couple weeks ago... There were so many homes at 50% of the list price from 3-4 months ago it was insane, I want to buy another one. Plenty in great condition too, no copper pipe missing etc.

Thanks Gerco for the tip.

Peaches · 05-25-2008, 12:47 PM

Unfortunately my area isn't going down (in fact, just got my tax assessments and everything went WAY up). But I'm keeping my eye on anything that pops up.

My neighbors live in Naples FL and property has been at the bottom for quite some time and started going back up in April. We've formed an LLC and are looking for foreclosures. We were offered what we thought was a GREAT short sale until we found out they had a huge 2nd. Now just waiting for that one to hit the courthouse steps ;)

IllTestYourGirls · 05-25-2008, 01:03 PM

Of course your tax assessments went up. Thats what they do best

Quote:

Originally Posted by Peaches

Unfortunately my area isn't going down (in fact, just got my tax assessments and everything went WAY up). But I'm keeping my eye on anything that pops up.

My neighbors live in Naples FL and property has been at the bottom for quite some time and started going back up in April. We've formed an LLC and are looking for foreclosures. We were offered what we thought was a GREAT short sale until we found out they had a huge 2nd. Now just waiting for that one to hit the courthouse steps ;)

Peaches · 05-25-2008, 01:26 PM

Quote:

Originally Posted by IllTestYourGirls

Of course your tax assessments went up. Thats what they do best

Yeah, what's funny is that the current tax commissioner is running for another political office. You'd THINK he wouldn't have pulled this right now.....

Honestly, some of my stuff went up over 50% and I saw one piece (not mine) where it went up 15X!!! My neighbors have a mirror piece of property to one of mine, yet theirs was assessed at $32K more than mine.

And somehow I magically have 4 bedrooms when LEGALLY (in GA a BR must have all of the following: a door, window and closet - my MB is in a loft - no door and I guess they are calling the other BRs the rooms in my basement which again - no door) I only have 1.

The sent out over 35K increases in a county with 20K people so you know there's going to be a long, long, line at the appeals office

PersianKitty · 05-25-2008, 01:45 PM

My ex's place is being foreclosed on for the second time in 4 years. First time, they filed bankruptcy and someone bought it out from under for them to sell it back to them about 18 months later. This time they can't file bankruptcy.

Why he didn't have the brains to buy a house outright with the divorce settlement he got in 2000/2001, I'll never understand.

PK

Peaches · 05-25-2008, 02:05 PM

Quote:

Originally Posted by PersianKitty

Why he didn't have the brains to buy a house outright with the divorce settlement he got in 2000/2001, I'll never understand.

PK

He's wasn't smart enough to stay with you and be a good husband - 'nuff said

MovieMaster · 05-25-2008, 05:15 PM

Quote:

Originally Posted by Peaches

Unfortunately my area isn't going down (in fact, just got my tax assessments and everything went WAY up). But I'm keeping my eye on anything that pops up.

My neighbors live in Naples FL and property has been at the bottom for quite some time and started going back up in April. We've formed an LLC and are looking for foreclosures. We were offered what we thought was a GREAT short sale until we found out they had a huge 2nd. Now just waiting for that one to hit the courthouse steps ;)

Well they arn't gonna go down even if home prices go down... democrats will be sure to raise taxes when they get in office.

Peaches · 05-25-2008, 06:11 PM

Quote:

Originally Posted by MovieMaster

Well they arn't gonna go down even if home prices go down... democrats will be sure to raise taxes when they get in office.

These aren't taxes being raised, per se. They can raise the millage rate w/o having to raise the assessment values and still get the same amount of milk out of the cow.

Home prices where I live AREN'T going down, ergo why the assessments are going up.

one eight · 05-25-2008, 09:18 PM

Check out http://findforeclosures.foreclosure.com

more than a million listings across the US.

Kard63 · 05-25-2008, 10:16 PM

I spent a LOT of time and a little money looking into it. The banks are ridiculous. Around here it seems like the little banks you've never heard of let them go at the auction for a good deal to avoid the cost of the foreclosure process but for the most part the banks are buying them all back at the auction and then listing them on the market for an unreasonably high price. I live in a place where it gets cold in winter and people usually wait until spring to move so I know prices are not going to go higher soon, then not in winter, so 11 months is the soonest here, lol. I'm slow playing it. If McCain wins he has already said he isn't bailing mortgage holders out so prices will fall more. It will be interesting.

05-25-2008, 08:23 AM	#1
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	Anyone Buying Foreclosed Homes? Anyone here investing in foreclosed homes? What resources are you using to find foreclosed homes in your area? I've googled and a lot of the sites seem like scams. Any tips or advice? __________________

05-25-2008, 08:37 AM	#2
joshuawk Confirmed User Join Date: Jun 2003 Location: my moms house Posts: 1,092	email me jw at jwmedia.biz and ill show you some real good sites __________________ i love GW

05-25-2008, 08:43 AM	#3
GetSCORECash Confirmed User Industry Role: Join Date: Mar 2008 Location: Miami Posts: 5,527	Not yet. The market here hasn't stoped going down here in south florida. I just passed on a duplex for 75K, which could be fixed and sold for 150K. __________________ \| skype: getscorecash \| ICQ: 59-271-063 \| New Sites: \| SCORELAND2 \| Roku Channel SCORETV.TV \| 60PLUSMILFS \| \| Big Tit Hooker \| Tits And Tugs \| Big Boobs POV \| Karla James \| \| Naughty Foot Jobs \| Linsey's World \| Busty Arianna Sinn \| Get SCORE Cash \|

05-25-2008, 10:48 AM	#10
Gerco Confirmed User Join Date: Nov 2005 Posts: 2,052	Be warned, a LOT of the homes are totally stripped. I'm putting an offer in on one Monday. Good place to find homes is http://www.foreclosure.com/?rsp=20773 But its not 100% right, as some places might already be gone and some of the new listing might not have made it to it yet.. Then use http://maps.live.com/ to get a nice Bird's eye picture of the house. Of course, reference the MLS and have your realtor pull listings in your price range, your going to need a agent as most banks will only take the offer though them. If your a cash buyer, talk to the agent and ask for 50% of his fee also... why not, your the one doing the work. __________________ Http://www.extremehole.com ** CLOSED ** 400 HOURS of exclusive custom extreme content, already on external HD in Raw DV ready to encode. over 150,000 exclusive images and more.

05-25-2008, 10:55 AM	#12
payd2purv Too lazy to set a custom title Join Date: Jan 2008 Location: Toronto Posts: 2,727	Vegas is INSANE right now I know people from Toronto who are buying up 1 - 3+ homes in Vegas hoping to resell them for a profit in a few years.. I was there a about a month ago with my pops checking out property... My parents already own houses in Vegas as rentals.. They got no problem renting them out.. __________________ Last edited by payd2purv; 05-25-2008 at 10:56 AM..

05-25-2008, 10:23 AM	#8
Jai Confirmed User Join Date: May 2005 Location: http://www.fitnesspornbabes.com Posts: 6,915	im waiting for the market to go down more a little

05-25-2008, 10:52 AM	#11
fuzebox making it rain Industry Role: Join Date: Oct 2003 Location: seattle Posts: 22,114	We got a smoking deal on a place in Vegas a couple weeks ago... There were so many homes at 50% of the list price from 3-4 months ago it was insane, I want to buy another one. Plenty in great condition too, no copper pipe missing etc.

05-25-2008, 12:47 PM	#14
Peaches Old broad Join Date: Oct 2002 Location: Away Posts: 13,933	Unfortunately my area isn't going down (in fact, just got my tax assessments and everything went WAY up). But I'm keeping my eye on anything that pops up. My neighbors live in Naples FL and property has been at the bottom for quite some time and started going back up in April. We've formed an LLC and are looking for foreclosures. We were offered what we thought was a GREAT short sale until we found out they had a huge 2nd. Now just waiting for that one to hit the courthouse steps ;)

05-25-2008, 01:45 PM	#17
PersianKitty Meow Media Inc. Industry Role: Join Date: Jul 2001 Location: In the valley of the sun, cactus, tacos, tequila, and nod Posts: 7,785	My ex's place is being foreclosed on for the second time in 4 years. First time, they filed bankruptcy and someone bought it out from under for them to sell it back to them about 18 months later. This time they can't file bankruptcy. Why he didn't have the brains to buy a house outright with the divorce settlement he got in 2000/2001, I'll never understand. PK __________________ Wondering what webmaster programs PK uses? Check them out here!

05-25-2008, 09:18 PM	#21
one eight Confirmed User Join Date: Mar 2005 Location: Costa Rica & San Francisco Posts: 1,941	Check out http://findforeclosures.foreclosure.com more than a million listings across the US. __________________ -more than a number

05-25-2008, 10:16 PM	#22
Kard63 Confirmed User Join Date: Nov 2003 Location: 237 619 975 Posts: 8,944	I spent a LOT of time and a little money looking into it. The banks are ridiculous. Around here it seems like the little banks you've never heard of let them go at the auction for a good deal to avoid the cost of the foreclosure process but for the most part the banks are buying them all back at the auction and then listing them on the market for an unreasonably high price. I live in a place where it gets cold in winter and people usually wait until spring to move so I know prices are not going to go higher soon, then not in winter, so 11 months is the soonest here, lol. I'm slow playing it. If McCain wins he has already said he isn't bailing mortgage holders out so prices will fall more. It will be interesting. __________________