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 real estate and most Web sites have at least 1 million foreclosure 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 how to avoid foreclosures. One of your options is to get a loan to help prevent your foreclosure.
On the flip side, if you are in the market for a house, then foreclosure may be a great option for you. You can search foreclosure lists for great homes across the country. Expensive homes can go for a fraction of what they are worth, such as foreclosures in Orange County. Check out AOL Real Estate and search for foreclosure homes on AOL Search to find foreclosure listings.
This month's top searched states for foreclosures on AOL Search:
1. Florida foreclosure
2. Virginia foreclosure
3. Michigan foreclosure
4. Colorado foreclosure
5. California foreclosure
6. Maryland foreclosure
7. Foreclosure in Pennsylvania
8. Ohio foreclosure
9. Georgia foreclosure
10. Texas foreclosure
See sponsored links for prevent foreclosure, help with foreclosure, foreclosure refinance.
Reader Comments (Page 3 of 4)
41. Wah wah wah, crybaby brokers. One step up from a shady used car salesman.
Posted at 11:50PM on Aug 13th 2007 by majordog
42. WOW...look at all the Realtor comments. Almost like they are advertising! Call me! Call me! Call me!
Best of luck to you all from your friends at
WWW.HOUSINGPANIC.COM
Posted at 11:55PM on Aug 13th 2007 by notaknuckledragger
43. I have a property in Simi Valley California that the bank is accepting a short sale for. The price is 490K, 4BR/2BA, all remodeled with a pool quiet street and yard, anyone interested?
Posted at 12:08AM on Aug 14th 2007 by lisardms
44. How does one find a realtor that does the job right? i have partly furnished condo for sale, will be hiring realtor #5 soon. I am trying to move back to Wi. there are so many on market here but not giving up hope, just need the right realtor
Posted at 12:25AM on Aug 14th 2007 by jayne
45. I personally think the comment "are realtors blood suckers" may have been made because the person had a bad experience bidding on a foreclosed or tax delinquent property. It happens all of the time in my area. We have realtors who are in bed with the county government or visa/versa. I have a good friend who is a realtor. We have had many conversations with him about properties "coming onto the auction block", and he told us it would be almost impossible for Joe Blow or John Doe to get to bid on them, because he knew realtors who gave their friends and relatives the news about the PRIME properties before they ever hit the aution block. Do I trust my realtor friend, absolutely, is he a blood sucker absolutely NOT. He has never given us a heads up on any properties coming up for foreclosure or tax sale. BUT, I can tell you this...if you ride through your neighbor hood, other neighbor hoods in state or out of state and you see a for sale sign, then go to the county RMC Office with address in hand and look it up yourself. If you see a delinquent tax notice posted on the door, mail box or a staub in the front yard, get the tax parcel number and do the same thing, go LOOK it up for yourself.
Posted at 12:34AM on Aug 14th 2007 by Mary
46. There are less than ethical individuals in all major professions. Just look at the recent scandals in the clergy, law, medicine, politics, education, etc. Realtors are held to a very high standard of practice and their Code of Ethics is readily available for viewing at the National Association of Realtors website. To "paint" ALL Realtors with the broad brush of condemnation is to say that ALL priests are pedophiles. www.greenvalleyhomes.net
Posted at 12:41AM on Aug 14th 2007 by Eric Gravenson
47. What a surprise...I actually thought I might be able to read an article about the housing market and see peoples comments to see how their areas are doing. BUT, NOOOOO!!!!!!! FIrst reply I read is from a realtor looking to push their area on you. Somehow, that is just wrong and should not be allowed. Turns most people off against realtors and makes them lean towards selling their homes by themselves from what I have seen.
Posted at 12:52AM on Aug 14th 2007 by sfont57
48. As some other posts have mentioned most foreclosures at the moment are not discounts once you take into consideration the state of the property. Investing in real estate should always be a long term objective, like the stock market. Flipping is now being made more difficult by the HUD changes that limit the appraisal changes on short term flips.
Anyone considering buying now would need to be cautious. I would always get the advice of a good agent. There are a lot of forms and local laws you need to know about and having an agent in the middle reduces your financial liability. I would recommend doing your own research as well though. I got stung by a Help You Sell agent and won't go that route again. Next agent was great and sold our place in 2 weeks for above asking.
Posted at 12:57AM on Aug 14th 2007 by my2cents
49. To realators the very near future will bring back the forsale by owner and rent to own with the home owner designing their own contracts. A combitnation of easy finance through banks and the national intrest rate staying so low for so long is the major reason the housing market is dumping. I am fortuneate enough to know how to build a house and was able to do most of the work my self. I have about 20% of what the other houses go for on my street in my own house and my house is the best built and most energy efficiant with in probably 500 miles in any direction. I can guarintee house like mine for atleast 45 years with out maintance other than apliances. So I am sorry if you spent 250,000-2,000,000 for a home that will need repair within 5-7 years must be hell to fall for a salesmen. This country needs to increase its standard building code and get the jackasses out of the building com.
Posted at 1:00AM on Aug 14th 2007 by Erik Raymond
50. Visit a site that is just launched and emerging as a leader in foreclosure/REO properties. WWW.UNITEDREO.COM Watch soon for a low monthly fee for those interested in buying a foreclosed home. Hit contact us button to sign up for a free trial registration.
Posted at 1:03AM on Aug 14th 2007 by Dan
51. I am a Realtor and anyone looking for foreclosed properties or any type of properties in sc please email me I will be happy to send you listings and of course it is free of charge! I have also purchased properties for investment and a few properties are forclosures!
Posted at 1:26AM on Aug 14th 2007 by lindsay
52. Hey I am looking for a foreclosed single family home. It needs to have 3 or more bedrooms. 2 or more bathrooms. Prefer no carpet. I need anywhere from 1600sq.ft. or more. (I have large furniture, and I also have a terminally ill mother how has a lot of belongings living with me.)I have been approved for HUD and will apply for a FHA loan if necessary. I need it to be located in a good neighborhood or in the country. Would prefer Arkansas, Missouri, or Tennessee. You can contact me at Dyamond6903@aol.com. ***SERIOUS HELP ONLY!!!*** Thank you. AMR
Posted at 1:35AM on Aug 14th 2007 by Anna
53. I have done several rehabs and flips in the last few years and have been successful. Previously I tried foreclosures and found them very difficult to acquire. Pre-foreclosures are over worked by too many investors and usually the home owner is difficult to reason with. At the auction the bids are quite high and there seems to be no real "deals" to be made. I have found bank owned properties to offer the best opportunities. They are listed through realtors, which I don't like to deal with for a variety of reasons BUT they possess a great deal of knowledge and can be a good resource. I don't list to sell properties through realtors, I find an attorney is cheaper and just as knowledgeable, but I do buy through realtors.
Posted at 1:42AM on Aug 14th 2007 by Doris Marcy
54. I am looking for 3 lot site or oversized water front lot in the cape coral area. I may be interested in large lot in lehigh nacres. I am looking for a great deal or forclosed property
Posted at 1:51AM on Aug 14th 2007 by sf
55. I am looking for 3 lot site or oversized water front lot in the cape coral area. I may be interested in large lot in lehigh nacres. I am looking for a great deal or forclosed property
Posted at 1:52AM on Aug 14th 2007 by sf
56. Have questions about Real Estate in Dallas feel free to view my website. Http://RelocatingSpecialist.com
Posted at 1:56AM on Aug 14th 2007 by KNorwood
57. The forelcosure are heating up a lot here in Orlando,FL. I help people get out of these situations, save their credits and possible give them some money to move on. I am working on tons of short sales due to so many over financed houses. Anyone that is facing this situation around the Central Florida area, feel free to contact me and I will be glad to lay out your options whether your trying to keep the house or sell it.
For those of you trying to get foreclosure wholesale deals around the Orlando area can also contact me, we wholesale these foreclosure properties away, all the hard work is done... my website is not fully complete and doesnt have all the properties on their but it will be completed within the next few weeks. www.buyforeclosurefl.com
HuzaifaR2006@gmail.com
Posted at 2:14AM on Aug 14th 2007 by HuzaifaR2006
58. I am a Realtor in Albuquerque, New Mexico and I agree to some that you must always verify who you are working with in Realestate. I personally Never ever charge a full commission for double ending a deal I personally dont feel that it is right for myself to make a 6-7% commission on someones hard earned money!!! I always work for my clients and want them to make as much money for their home as possible othwerwise how do i expect them to ever come back and use me.. I also own a mortgage company and give additional discounts when they use a bundled package.. My Company Doesnt Advertise and has done very well with just referrals and repeat business and always make sure the company you deal with is a member of the BBB there you will find whether or not you are dealing with a reputable company... James G Allstar Realty Southwest LLC
Posted at 2:15AM on Aug 14th 2007 by James Garcia
59. I am a realtor in the Ft. Worth, Texas area and our market is doing pretty good here. However, I agree that there are some great buys on foreclosures right now. If anyone is interested in checking out what is available in this area...let me know. Would love to see what we can find for you. 817-441-3600
Posted at 2:19AM on Aug 14th 2007 by Bridgett
60. I dont bellive all brockers are bloodsockin but i am locking 4 a two family home i think all this foreclosures aRE NOT REAL EF THEY ARE REAR SOMONE SHULD E MAIL ME MONICA FROM NY
Posted at 2:20AM on Aug 14th 2007 by Monica