With the housing market cooling off, I've been hearing more about foreclosures lately. The National Association of Realtors reported that existing and new home prices decreased by 1.1% and 2.6% respectively year over year for the second quarter of 2007.I definitely see that trend in my neighborhood. There's a house around the corner that has been on the market for almost a year. It's a nice house, but the owners haven't lowered their price. Two other homeowners in the area sought lower prices and their houses were sold in less than two weeks. I was thinking about moving this year, but I've put that plan on hold.
It's sad to read about people who are forced to foreclose because they can't afford their mortgage payments. I did a search for foreclosure to find foreclosure homes and most Web sites have at least 1 million properties listed. RealtyTrac reported in late July 2007 that the number of foreclosure properties in the
I hope you're not one of the unlucky home owners who have to put your home up for foreclosure. For help in this area, search for prevent foreclosure. On the flip side, if you are in the market for a house, then foreclosure may be a great option for you. Check out AOL Real Estate and search for foreclosure homes on AOL Search to find foreclosure listings.
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1. Florida foreclosure
2. Virginia foreclosure
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4. Colorado foreclosure
5. California foreclosure
6. Maryland foreclosure
7. Foreclosure in Pennsylvania
8. Ohio foreclosure
9. Georgia foreclosure
10. Texas foreclosure
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Reader Comments (Page 1 of 4)
1. I am not surprised that alot of foreclosures are taking place in Maryland. You cannot or should not buy a 600K house when you are making 60K a year. It just won't work! But then again, how many people want to live in the democratic people's republic of maryland, anyhow! Land of high taxes, goofy government and the murder captital of the world--Baghdad on the Chesapeake--only difference between Baghdad on the Chesapeake and Baghdad Iraq is that you are legally allowed to shoot back in Iraq when fired upon!
Posted at 8:29PM on Aug 13th 2007 by Mike
2. Arkansas is still undervalued according to national news, and prices are still dropping. Anyone who has cash or credit in abundance should think about buying as many rental units as possible. All those affected by ARM loans, who let their property go back to the bank or who can't qualify for mortgages due to the recent changes in qualification standards, will need a place to live. Wouldn't you like to have a few dozen places for them to choose from?
Posted at 8:31PM on Aug 13th 2007 by KRISTEN
3. I KEEP READING AND HEARING ABOUT FORECLOSURE LISTINGS. I WOULD LIKE TO PURCHASE, BUT IT SEEMS AFTER ALL THE LEG WORK TO GET THE PROP IT HAS BEEN SOLD OR STILL ON FORECLOSURE AND CANT YET BE SOLD.
HELP! MOST BANK WONT MAKE A SHORT SALE AND I THINK I HAVE BEEN DOING MY VERY BEST. I WOULD LIKE TO BUY TAX PROPS ALSO, GEE TRY AND GET THOSE!! I HEAR A LOT OF STORIES, I WOULD LIKE TO START TELLING SOME MYSELF
Posted at 8:35PM on Aug 13th 2007 by THERESA
4. Tell me about it! I am in Colorado and tried to sale 2 rental properties that I own, I even had two offers on each property but no US Bank won't deal with a short sale! They will soon be foreclosures so anyone interested in NICE EXCELLENT conditon townhomes, paying mortgage balances they can buy direct. TAXES are current. HOAs will need to be caught up. One in Parker, one in Denver1
Posted at 9:04PM on Aug 13th 2007 by Corrine
5. Don't believe all the hype you hear about foreclosures. Lenders and real estate brokers are just trying to make you believe that now is the best time to buy a foreclosed home. Don't be so fast to jump in that opportunity my friend. Properties are still dropping and investors are staying away from them for a while. Again, it's the inexperienced and greedy small investors that are going to get burned--which caused all these properties to foreclosed to begin with. Think about it. If you buy a foreclosed property today, what would it be worth tomorrow or a month, or a year from now. Probably less. The only way you will win in real estate is if you have the time. But if you're thinking of buying today and selling tomorrow--you will lose. Lenders are trying to dump these properties and real estate agents will say anything to make a sale so they can make a living. Just like trying to sell a refrigerator in Alaska.
Posted at 9:28PM on Aug 13th 2007 by Bub
6. Do you really believe that foreclosure is a good buy? Look around you--do you see any good investors grabbing everything? Don't be a victim. Lenders are just trying to unload their inventory and real estate agents will tell you anything you want to hear to get a sale. Ask them how many of those foreclosed homes had they invested in. Be smart and wait it out like everyone else. Keep your money in the bank and let it earn interest and wait until the smoke clears. Greed always get the best of us.
Posted at 9:40PM on Aug 13th 2007 by Bub
7. Does Realtor = Blood sucking leach?
Posted at 9:53PM on Aug 13th 2007 by tmshirley
8. Cincinnati Realtor, and I am coming across great oportunities every day. There is becoming a real market for these equity challenged homes in this market. Call me if I can help you 513-686-0338.
Posted at 10:13PM on Aug 13th 2007 by Terry Deemer
9. 3. I KEEP READING AND HEARING ABOUT FORECLOSURE LISTINGS. I WOULD LIKE TO PURCHASE, BUT IT SEEMS AFTER ALL THE LEG WORK TO GET THE PROP IT HAS BEEN SOLD OR STILL ON FORECLOSURE AND CANT YET BE SOLD.
HELP! MOST BANK WONT MAKE A SHORT SALE AND I THINK I HAVE BEEN DOING MY VERY BEST. I WOULD LIKE TO BUY TAX PROPS ALSO, GEE TRY AND GET THOSE!! I HEAR A LOT OF STORIES, I WOULD LIKE TO START TELLING SOME MYSELF
Posted at 8:35PM on Aug 13th 2007 by THERESA
Theresa, et al:
No coincidence those far on the inside snag primo opportunities before you or I ever hear of them -- your judiciary/politicians/well connected brokers, etc. Think about it. Then think how long before the system gets changed.
Posted at 10:14PM on Aug 13th 2007 by monte
10. I would like to buy a one family house in Monroe, Orange County,N.Y. cash.How can I find forclosed properties in that area?
Posted at 10:18PM on Aug 13th 2007 by tara
11. A CBS affiliate in Miami, Channel 4, did a recent report including a mention that a condo in Miami listed at $3.9 million sold for $480,000. An 88% discount. The tax bill you might ask...about $65,000 a year.
Posted at 10:21PM on Aug 13th 2007 by Daniel C. Prudhomme
12. Does Realtor = Blood sucking leach?
Call us what you want but when you want or need to sell your home, you will either become a Realtor or need a Realtor. The days of For Sale By Owner are fleeting. I guarantee it.
Posted at 10:26PM on Aug 13th 2007 by Daniel C. Prudhomme
13. I'm NYC residential renovation contractor, I've recently looked into several foreclosure properties in Brooklyn, the price seems right, then you get inside & 99% of the time they have needed major work, bringing the total cost to what = the cost of a good property at regular market cost. I haven't come upon a good deal yet. Also, as a contractor I know that some real estate co's are snatchin up these places & doing some cosmetic work to them, not touching the plumbing or electric where the work should be performed. Many NYC homes are over 100 years old & desperately need upgrading. Be careful...
Posted at 10:27PM on Aug 13th 2007 by Al
14. I WORK FOR A WHOLESALE REALESTATE COMPANY IN SOUTH WEST FLORIDA AND I GOTTA TELL YOU NOW IS THE TIME TO BUY. I HAVE GOTTEN HOMES ON THE WATER FOR HALF THE PRICE THAT THEY WERE A YEAR AGO (650K DOWN TO 315K!) ALTHOUGH THESE HOMES ARE STILL LISTED AT A HIGHER PRICE, THIS IS WHAT MY COMPANY DOES. WE FIND THE DEALS, FORECLOSURES, PRE-FORECLOSURES ETC.. AND SELL THEM FOR A FEE. IF YOUR INTERESTED IN LEARNING MORE CALL ME OR EMAIL ME AT 239-462-8986 OR ERICSH23@AOL.COM. YOU CAN ALSO LOGON TO DESOTOHOLDINGS.COM AND CLICK ON NEW INVESTOR THEN CLICK MY NAME "ERIC HALESWORTH" AND I WILL CONTACT YOU WITH THESE GREAT PRICED HOMES. OUR COMPANY SOLD OVER 47 PROPERTIES LAST MONTH AT ROCK BOTTOM PRICES, GET INVOLVED!!
Posted at 10:33PM on Aug 13th 2007 by eric halesworth
15. I WORK FOR A WHOLESALE REALESTATE COMPANY IN FORT MYERS, CAPE CORAL, NAPLES AREA. THIS WAS THE HOTTEST MARKET 3 OR 4 YEARS AGO BUT SINCE HAS DECLINED BECAUSE SO MANY INVESTORS GOT IN OVER THEIR HEAD AND GOT YES "TOO GREEDY". MY COMPANY SPECIALIZES IN FORECLOSURES AND PRE-FORECLOSURES. I AM TALKING ABOUT HOMES THAT WERE GOING FOR MID 500K TO 600K WE ARE NOW SELLING THESE PROPERTIES FOR HALF THAT PRICE!! IF YOUR INTERESTED IN LEARNING MORE ON OUR COMPANY EMAIL ME OR CALL ME. 239-462-8986 OR ERICSH23@AOL.COM ALSO, CHECK OUT OUR COMPANY AT DESOTOHOLDINGS.COM AND CLICK ON MY NAME WHEN YOU GO INTO THE "BECOME AN INVESTOR" PAGE.
ERIC HALESWORTH
Posted at 10:35PM on Aug 13th 2007 by eric halesworth
16. NACA.COM
Posted at 10:37PM on Aug 13th 2007 by Jamisonepi
17. I have to comment on the Realtor=Blood Sucking Leach. Are you kidding me? For Sale By Owners Don't have to tell you anything no Disclosure, how many buyers out there even think about having inspections of the property done? Half of the people wouldn't have any idea on the next step after finding a house. There is alot more to buying a house "Right" then just finding a FSBO sign in a front yard. Without agents these For Sale By Owners wouldn't have a clue what their house was really worth! Shari Coldwell Banker
Posted at 10:40PM on Aug 13th 2007 by Shari
18. Unfortunately the market is in a 1980's slump. If you are looking to buy, sell, or invest, I would recommend you visit with your financial advisor, if you have one. If not, be very cautious about your purchases. Why foreclosure? Location? Economy?...etc. especially in your area.
If you deal with a Realtor, check references for trustwortiness and longevity. Yes, I am a Realtor. I broker an office in Arkansas. I would advise investment with caution wherever you are. It will change, but do you have the time and resource to wait it out? Not all Realtors are blood sucking leaches!
Posted at 10:45PM on Aug 13th 2007 by Betty
19. Check out the website fliphome.biz. Good stuff about foreclosure buy and sells.
Posted at 10:56PM on Aug 13th 2007 by r ross
20.
I work for a one stop shop company If you need a loan or purchase I'm your guy email obbie.lucas@miligroup.net
Posted at 10:59PM on Aug 13th 2007 by Obbie