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Answers (21)
- Kayla Morrow, "Kaylamorrow"
- Contributions:1
You can get a real estate agent to send you lists of foreclosures. I am available if you'd like.
- Nancy Celis, "nancycelis"
- Contributions:57
You may contact your local real estate office in Pittsburgh, best of luck.
- Kimberly Moore, "Kim Moore"
- Contributions:15
I can provide you a list of foreclosed properties in the area you are interested in. [removed by Zillow moderator] Let me know the city or zip codes and I will email a list of available foreclosed properties
- Tug of War
- Contributions:1969
REO-Bank Owned Properties
Banks have created Sites for the Public to use (For Free) to view and find Information about the Properties they have Listed for Sale
Sites Like..Bank of America...Wells Fargo...Chase
You can find links to Bank sites here...Link and/or Link
The Fed Gov has Sites for its Properties for sale
HUD Homes...Fannie Mae...USDA..FDIC
You can find the links to the Gov sites here...Link
Public Records..Including Foreclosure/Tax Lien/Tax Sale Info
All Free & all the Info direct from your State/County/local gov.
Foreclosures and Tax Lien Sales
Banks have created Sites for the Public to use (For Free) to view and find Information about the Properties they have Listed for Sale
Sites Like..Bank of America...Wells Fargo...Chase
You can find links to Bank sites here...Link and/or Link
The Fed Gov has Sites for its Properties for sale
HUD Homes...Fannie Mae...USDA..FDIC
You can find the links to the Gov sites here...Link
Public Records..Including Foreclosure/Tax Lien/Tax Sale Info
All Free & all the Info direct from your State/County/local gov.
Foreclosures and Tax Lien Sales
- sunnyview
- Contributions:25139
"This housing market is very slow and painful. "
Totally agree. Bottom calling would be comical if it did not hurt people financially. Consumers do need better information or they at least need information with no spin. Fact is, there are more foreclosures in the pipeline. Any change in rates without stronger employment is likely to drive the market to stagnation at best and lower at worst. Not a sunny thought, but true. We have all seen how many owners actually get help from govt programs so that is not a mechanism that will keep inventories lower.
There has been enough carnage already. Buyers need to wise up and do their own homework. It is their money and they should not rely on agent representations to make their decision for them. Investing in a home should be about numbers first not warm fuzzy conversations about painting walls. Plenty of time for that when the numbers make sense. Buyers need to make their own decision about when it makes sense for them.
Totally agree. Bottom calling would be comical if it did not hurt people financially. Consumers do need better information or they at least need information with no spin. Fact is, there are more foreclosures in the pipeline. Any change in rates without stronger employment is likely to drive the market to stagnation at best and lower at worst. Not a sunny thought, but true. We have all seen how many owners actually get help from govt programs so that is not a mechanism that will keep inventories lower.
There has been enough carnage already. Buyers need to wise up and do their own homework. It is their money and they should not rely on agent representations to make their decision for them. Investing in a home should be about numbers first not warm fuzzy conversations about painting walls. Plenty of time for that when the numbers make sense. Buyers need to make their own decision about when it makes sense for them.
- Kay Dana
- Contributions:8
There are two ways to remove a bandage:
1) Slow and painful or 2) Fast and painful
This housing market is very slow and painful. Buyers last year were told THEY were buying at the bottom, and today many are selling short or in pre foreclosure. We can stop all the pain by putting all available houses back on the market ( millions of houses in hidden inventory) watch the listing prices drop until the buyers discover the correct market price. Today two monopolies control the market with filters: 1) The MLS system tries to control all the market, and 2) The banks don't want investors to know how little equity they really have in their empty REO properties.
We need an MLS database like Google that is FREE with no secrets and no lying ( OPEN SPACIOUS MANSION--instead of 1940''s ticky tacky) . This would solve half the problem. Most Realtors I know HATE Zillow because they want to be the source of ALL housing data. Thanks you Zillow for taking a bite out of the monopoly.
1) Slow and painful or 2) Fast and painful
This housing market is very slow and painful. Buyers last year were told THEY were buying at the bottom, and today many are selling short or in pre foreclosure. We can stop all the pain by putting all available houses back on the market ( millions of houses in hidden inventory) watch the listing prices drop until the buyers discover the correct market price. Today two monopolies control the market with filters: 1) The MLS system tries to control all the market, and 2) The banks don't want investors to know how little equity they really have in their empty REO properties.
We need an MLS database like Google that is FREE with no secrets and no lying ( OPEN SPACIOUS MANSION--instead of 1940''s ticky tacky) . This would solve half the problem. Most Realtors I know HATE Zillow because they want to be the source of ALL housing data. Thanks you Zillow for taking a bite out of the monopoly.
- Laurel Jaques, "LAUREL JAQUES"
- Contributions:65
Many properties that are in pre-foreclosure status are actually homeowners who are trying to work out loan modifications or short sales, and may never come to market. Often the foreclosed homes are occupied and must go through the eviction process, this can take some time. I agree that the best idea is to establish a relationship with a Realtor who knows what you are looking for and can alert you when a property comes to market that is right for you. Sometimes they can go fast!
- sunnyview
- Contributions:25139
True, you can send your kids to private school, but I don't want mine coming home to hang out with less than stellar neighborhood kids. I know that it is not a popular thing to say, but I do not like climber neighborhoods with packs of wannabes endlessly hosing off their cars in the driveway.
They tend to make bad neighbors, have troublesome kids and can make your home life less than relaxing. The homes can be nice, but I want neighbors that are nice too. This market is a great opportunity to cherry pick and find that house in an established neighborhood.
I get the cheap argument. I am big fan of cheap, but I want value too. I can't deduct my kids private school tuition or keep the less than great neighborhood from impacting my life at home, but I can look for value in a place where I might pay a little more than bargain basement, but get other tangible returns in appreciation down the line and daily living today. It is balancing act, so you have to decide what feels right to you. Value is the key.
They tend to make bad neighbors, have troublesome kids and can make your home life less than relaxing. The homes can be nice, but I want neighbors that are nice too. This market is a great opportunity to cherry pick and find that house in an established neighborhood.
I get the cheap argument. I am big fan of cheap, but I want value too. I can't deduct my kids private school tuition or keep the less than great neighborhood from impacting my life at home, but I can look for value in a place where I might pay a little more than bargain basement, but get other tangible returns in appreciation down the line and daily living today. It is balancing act, so you have to decide what feels right to you. Value is the key.
- Kimberly Moore, "Kim Moore"
- Contributions:15
Homepath.com is an excellent source for foreclose properties. You can also contact your local Real Estate agent and they can set you up with an email alert of foreclosed properties as well as short and resales.
- Kay Dana
- Contributions:8
I see the "better schools" claim. At these prices, I can send my kids to a private school and still have money left over in my monthly budget. IMHO Public schools have disintegrated to the lowest common denominator. FACT, most public school teachers enroll their children in private schools where they get a minimum of higher discipline and behavior standards. I submit, that you won't find too many children of gang banger parents in private schools.
- sunnyview
- Contributions:25139
I understand the argument and agree that there may be a little more to give back due to lack of employment or interest rate changes. The Zillow chart for Desert Hot Springs is here.
It may overshoot the lows of 2001 like Vegas an Reno have, but 30% more seems pretty steep. If I were looking in that area, I would look to pick up a good deal in more established areas closer to Palm Springs proper with better schools that have the potential to rebound higher when things finally normalize. There will be no shortage of bubble houses in that area for a while.
It may overshoot the lows of 2001 like Vegas an Reno have, but 30% more seems pretty steep. If I were looking in that area, I would look to pick up a good deal in more established areas closer to Palm Springs proper with better schools that have the potential to rebound higher when things finally normalize. There will be no shortage of bubble houses in that area for a while.
- Kay Dana
- Contributions:8
I just looked at Realtor.com and they are selling NEW houses in Bakersfield starting at $140,000. In a nearby city national builder KB home is building new semi custom houses with all amenities, built- ins, granite counters, tile floors etc, for sale in the mid $150's. In Sacramento, there are several new housing developments selling custom houses ( build to suit) for less than existing houses. I have been thinking of calling a local builder to see what it will cost to build my own house. The talk around here among qualified buyers is that building new is a better value than paying high for existing LISTED inventory. This is what happens when the banks and their partners try to keep house prices above market value. The builders I talk with don't like sharing their profits with salesmen. The result is that they won't sell to buyers who have a Buyers agent since they provide no sales fee to agents. Why should they? They have the lowest prices and have plenty of buyers.
- Maria Scors, "Maria Scors"
- Contributions:4
You can register for a Free List of Foreclosures to be sent to you onwww.homepath.com. This is a Fannie Mae, Freddie Mae website with a List of all there Foreclosed Properites. Take a look
Maria Scors
[contact information removed by Zillow moderator]
Maria Scors
[contact information removed by Zillow moderator]
- Kay Dana
- Contributions:8
There are lots of them in California. Try Desert Hot Springs---thousands of NEW houses and you can afford to buy these beauties on a fast food income...here is a link and tell me we don't have a hidden inventory. And prices are still dropping under the theory that there will be price discovery when the price gets lower than the cost to build---or repair the damage from being vacant and abused by more squatters.
http://www.deserthotsprings.com/
Here is a NEW custom 2400 sq ft 4 bed 3 ba house with asking of $129,900 (I bet they will take less---nothing is selling with a REAL unemployment rate above 10% and underemployment rate of 30%. (Engineers driving taxi cabs is under employment).
http://www.deserthotsprings.com/
Here is a NEW custom 2400 sq ft 4 bed 3 ba house with asking of $129,900 (I bet they will take less---nothing is selling with a REAL unemployment rate above 10% and underemployment rate of 30%. (Engineers driving taxi cabs is under employment).
- sunnyview
- Contributions:25139
"I see another 30-40% drop in prices here."
Where is your market? I have not seen one that has another 30% to give back even in really hard hit markets like Las Vegas or Fresno.
Where is your market? I have not seen one that has another 30% to give back even in really hard hit markets like Las Vegas or Fresno.
- Kay Dana
- Contributions:8
I tried my local Realtor, but there is a bigger problem. The local MLS shows 4 listings this month yet there are over 80 new foreclosures and over 50 new pre-foreclosures. Most buyers like me think that what is available is listed. This is not true, what is available are hundreds of vacant houses in one zip code but the banks and Realtors refuse to talk about it. Instead they try to keep house prices high while these vacant houses are becoming distressed and dilapidated, some of them were built in 2006. This hidden inventory is what makes buyers like me fearful of future house prices. It means that if I buy today I will be upside down tomorrow even with a conventional loan. Prices around here are still too high, and it is still too easy to get a mortgage. Local mortgage programs are still touting NO MONEY DOWN, No Credit Checks and stated income with no documentation. This will only keep house prices high. My conventional mortgage was pre-approved at 2.98%. What will happen when mortgage rates return to the long term normal of 7-10%? I may wait until prices normalize and the bulk of these vacant houses are repaired and listed for sale. I see another 30-40% drop in prices here.
- Kay Dana
- Contributions:8
Good question. In my area there are only 4 listings in the zip code where I want to buy, yet last month there were more than 84 foreclosures in the same zip code. I got this information from a Realtor. Most agents around here still think its 2005. They don't want to talk about the Tsunami of pre-foreclosures and foreclosures occurring every week. Once per month a bill collector knocks on my door looking for my landlord-owner-Realtor. They told me that he hasn't made a mortgage payment on any of the more than 50 houses he owns in the area, yet he keeps my rent money and would evict me in a minute if I were late. How does he get to keep buying and renting out property when he doesn't even pay the bills. He is the Director of the local Association, I guess that's what they mean by "ethical" real estate agent. The banks and agents need to start listing the hundreds of houses that are vacant in this zip code, but I guess extend and pretend and trying to keep prices at bubble levels is more important that clearing the huge inventory. I may have to wait until prices drop another 50%?
- Joseph Cordova, "Joseph S. Cordova"
- Contributions:42
You can also find HUD foreclosures at hudhomestore.com .
- Craig Fialkowski GRI ,CDPE, "craigfial"
- Contributions:572
There is NO single site that offers lists. Foreclosures come from 100's of different sources.
You should establish a relationship with a Realtor since 99% of foreclosures have to be LISTED.
You should establish a relationship with a Realtor since 99% of foreclosures have to be LISTED.
- Zita Billmann
- Contributions:9
You can register for a free list of foreclosures to be sent to you on www.homepath.com. this is a fannie mae, freddie mae website with a list of all there foreclosed properites. Hope this helps.
Where can you find a FREE list of foreclosed homes?
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