Foreclosure in Detroit>Question Details

Kate, Home Buyer in Adelaide, CA

I am from Australia and thinking about buying a foreclosure property in USA does anyone have any advice?

Asked by Kate, Adelaide, CA Mon Mar 16, 2009

I would like to know how to go about purchasing a foreclosure property in usa I am from Australia

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Answers

13
Hi Kate, I own a Property Inspection / Investor Services Company in Detroit. I work with overseas and out of state buyer’s specifically buying investment properties in the Detroit market. If you need some unbiased and honest help looking at properties or helping navigate the hurtles of investing in Detroit I can help. Check out my trulia profile or click on the web references link below.

Best Regards,

David Frizzell
Inspect Detroit
0 votes Thank Flag Link Wed Oct 19, 2011
Hi there,

You should the website below. It provides free resources and information about investing in Detroit from a international investors perspective.

The address is
0 votes Thank Flag Link Sun May 9, 2010
USpropertydirect is an Australian company that specialises in helping everyday Australians tap into the usa market.
0 votes Thank Flag Link Sat May 1, 2010
Desert Management Group at 877 572 4466 has GREAT properties, and ALL resources you need being an out of town investor...
0 votes Thank Flag Link Fri Sep 18, 2009
If you do decide to purchase in suburban Detroit, Michigan area, please contact us at Foreclosedhomecaretakers.com - we are a property preservation and caretaking company.
Thank you!
0 votes Thank Flag Link Tue Mar 31, 2009
Kate, I would think financing is the key in your situation, if you get that arranged then you can find information on Foreclosure, purchase/bid process ect. in these places..
Start with Detroit...http://www.waynecounty.com/lbauctions/
https://www.tax-sale.info/index.php

To search county tax sales you can use this public records search machine..
http://publicrecords.onlinesearches.com/California-Foreclosu…

For REOs/Foreclosures you can use the Bank/Gov. Databases for info on the Purchase/Bid process and to get property info...Like these databases....http://www.mcbreo.com/ .... http://www.pasreo.com/pasreo/public/propertySearch.do ... http://reosearch.fanniemae.com/reosearch/

You can find the links to the Bank/Gov. sites here....http://www.biggerpockets.com/bank-reo.html
http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp

Good luck, Dunes
0 votes Thank Flag Link Sun Mar 22, 2009
Kate,
Now is a good time to buy properties in USA. Please email me at sales@thebestmihomes.com and I can help you find some deals.
0 votes Thank Flag Link Sun Mar 22, 2009
Kate

Now is a great time to buy the qustion is where do you want to buy and do you plan on living in it or having it as an investment property. Do you plan to pay cash or do you need financing? Are you a Permenant Resident Alien or are you here on a Visa? There are so many questions, you need to talk to a professional in the area your interested in and discuss your financing options.

Florida is great and the prices are unbelevable.
0 votes Thank Flag Link Tue Mar 17, 2009
Kate, Visit http://www.investor-helpers.com to learn more about investing in the U.S. Good Luck.
0 votes Thank Flag Link Tue Mar 17, 2009
For appreciation and stable income from workers with stable jobs chose the sunbelt states. Of those chose the ones with low property taxes. These sunbelt states are the (only) growing parts of the US. Area is located in the lower part of the southeastern section of the country. Texas has very high property taxes due to having no state income tax yet rents tend to be low there which is bad for an investor so look (at states) east of Texas. Alabama is a growing state attracting alot of foreign investment , MERCEDES-BENZ and Hyundai have their US plants there and many many states vowed and fought to get these two plants and ALABAMA WON THE PRIZES BOTH OF THEM!!! Japanese and other foreign companies placing large manufacturing concerns there (WELL DOCUMENTED, READ ABOUT ONLINE) , particularly in the middle of the state. It is becoming the new car manufacture center of the nation and is up and coming as a hi-tech engineering center (around the Huntsville, Alabama area) and rumors of another foreign car plant to be built soon in Perry County, Alabama.. Read up on this growing state online before you invest. There is alot of growth there and low property taxes and insurance rates. The growing economy affords the luxury of in and out corporate types making for a good market to rent in. We bought two homes in a small town outside of Selma and have had one hundred percent occupancy for many many years. It is a splendid state with tourism and industry and low taxes and a wonderful climate as well as wonderful race relations. Alot of car manufacturers are locating there as well as high tech industry. It is an area worth looking into. Good luck.
0 votes Thank Flag Link Tue Mar 17, 2009
Well Kate, are you buying for yourself or as an investment? Do you plan on coming here or doing everything electronically? Did you want to buy a turnkey property or one to renovate? How much did you want to spend and how many properties did you want to buy with that amount? Where do you think you want to start? Right now Detroit is a hot place for investors. You can search the web and youtube to find out more. Look at this website to see some government owned homes http://www.mcbreo.com . Find a great Realtor and communicate with them until you are comfortable enough to move forward. Good luck and if i can be of further service you may contact me through my Trulia profile.
0 votes Thank Flag Link Mon Mar 16, 2009
Welcome to investing here in USA.

We work with investors all over, happy assist in your purchase. Dallas , TX has a great resale value vs. other areas in USA our job market is health while other cities have problems with high umemployment .

Many questions assist in working with an investor.

If your choice is not Dallas Fort Worth area I am also consultant with many investors across the country.

CONTACT OUR OFFICE TODAY
972-699-9111
Lynn A. Crosby ~ National Featured Realtor
"...Specializing in Residential, Commercial Properties and Loans..."
Dallas Realtor, and Credit Repair Consultant -
The Michael Group - "Dallas Business Journal 08' list top realtors"
Dallas Loan Officer - Homewise Lending
Dallas Real Estate Office: (972) 699-9111
Dallas Real Estate Website: http://www.lynn911.com 60,000 listings Dallas homes for sale
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Mon Mar 16, 2009
Hi Kate ... I can certainly help you look for foreclosure properties. I working with someone else from Australia too.

Just email me and we can talk about your purchasing goals.

Sincerely,
Lisa Bender
Keller Williams
LisaBender@kw.com
0 votes Thank Flag Link Mon Mar 16, 2009
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