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kelleyking2003 asked:
I hear lots of radios about buying foreclosed property but all they want to do is sell you books and such. Is there a way to find out about legitimate sources like banks, who have property to sell?
I hear lots of radios about buying foreclosed property but all they want to do is sell you books and such. Is there a way to find out about legitimate sources like banks, who have property to sell?
Tags: Banks, Foreclosures, Names, Radios
May 4th, 2008 |
Tags: Banks, Foreclosures, Names, Radios
May 7th, 2008 at 12:09 pm
I’m not an expert…but here’s a start. Look in the classifieds. Municipalities are always selling land that got seized because taxes are owed on it. As far as foreclosures, don’t be afraid to just call the bank. If you can get a human on the phone, they can at least tell you who to talk to. I think that foreclosures are sometimes advertised in the classified, also.
About hearing stuff on the radio…90% of ads on the radio (that aren’t for local businesses) are absolute junk. Weight-loss shakes, millionaire schemes, new age medicine…all junk.
May 10th, 2008 at 8:58 pm
Definately contact banks. They usually have properties that they have forclosed on and are anxious to sell to get their money back. Check the classified house rentals with the option of rent/to own. Could be the owner wasn’t able to sell the property and is trying to get a rental out of it. Might be anxious to sell at a lower price. Realtors also have lists of forclosed on properties that they are trying to sell. Check the County website of where you are interested in buying. They list the tax foreclosures. My son does this in Missouri. It takes a lot of time and investigation to come up with a suitable property. It sounds like an easy process, but it is not. HUD also has a list of properties, as does the VA. Good luck with your venture.