criolla80 asked:


I agree..sitting on your property is probably the best thing right now.

walkathisway asked:


Do you know where I can find a list of banks that were not involved in subprime lending fiascos? Thanks

sigtauslimer asked:


I’m in the market to buy a home for the first time, and while looking I was told to also include some foreclosed homes. Unfortunately, I’m having trouble locating a suitable website that focuses on this area and solely has foreclosures.

Hakuna Matata asked:


As far as I understand if a home owner misses 2 or 3 mortgage payments, his property is put on the county notice of default report. At that point the owner has 2 or 3 months to start making payments. If no payments are made, then the property is up for foreclosure and will be put on the auction. Is this correct? Do I have to pay cash on the auction?

rivasj27 asked:


jobs losses, foreclosures and so on?

I would like to see some good stats or links if you have one?
How lienant are bill collectors going to be? Does anyone have sympothy for the children we are trying to raise in this world?

Sound off!! Lets Hear it!! Ready..>GO!!!

scoobyjim44 asked:


retiring in two years, best time to buy while market is down ?

LJ asked:


I work with a real estate agent who gets his listings from law offices and banks. How do you do it?

erika asked:


Ok. There’s this house for sale. It’s worth about $50,000 more than what they are asking. It is a foreclosure. I searched public records and it appears in the sales record that a bank aquired the property back in January and the price that is listed is about $20,000 less than the appraisal which is the same amount the first owner purchased the home for. Is that price that is listed where the bank took it back the amount owed on the mortgage and the amount they are wanting now?

I made an offer on the house for about $10,000 over asking but that’s still $15,000 less than what the bank got the property for. Did I offer too little? There are already multiple offers on the house. Did they price it so low just to get attention?
But wouldn’t people be more apt to offering $20,000 over asking just because they knew they’d still be getting the house at $30,000 below appraisal or something? I mean would someone offer that much more knowing the asking price was what it is? I figured someone would see this as an easy money making opportunity and blow my offer out of the water.
It’s not being sold by the bank though.. An actual realty company is handling it. Sorry.. these questions might sound dumb but it’s the first offer I’ve ever made … This would be my first house.

somekangaroo asked:


For example, Pennsylvania has the second-highest rate of foreclosures right now. Will Pennsylvania homes be forced to drop in price because of the foreclosures?