Home Buying in 59047>Question Details

Tom, Home Buyer in Livingston, MT

I've been looking into foreclosed homes in livingston, but am running into a few dead ends. Is it possible to?

Asked by Tom, Livingston, MT Sat Feb 9, 2008

get an inspection on a foreclosed home? Also where do I get a list of foreclosed homes and addresses? I've contacted the clerk and recorder and they didn't know anything about it, and everywhere else I call redirects be somewhere else. I'd have to get a loan for the purchase the home so I want to be able to see the home in person and need to have it inspected first. Any help would be appriciated.
Thanks, Tom

Help the community by answering this question:

Answers

2
Gillian Swanson’s answer
Hi Tom:

It's definitely possibble to look at foreclosed or bank owned properties in Livingston, and also to do an inspection before you submit an offer to the bank- that's a really smart thing to do. I just did a quick check and we have 6 foreclosures listed in Livingston, tonight Tuesday July 20th at 8:45pm. We have 2 under contract, and 6 foreclosures have closed since the first of the year.

Usually, banks will develop a relationship with a couple of agents in the area to handle these type of sales. I see that you asked this question back in Febrauary, so maybe you've found something by now, but if not I'd be glad to let you know what's on the market!

Regards,

Gillian Swanson
0 votes Thank Flag Link Tue Jul 20, 2010
Looking into foreclosed homes sounds easier if you're listening to the radio ads than it really is. Most homes in foreclosure go through a fairly lengthy process before they hit the open market for purchase.

Your first step should be to check the county's listing of homes set to come up for a trustee sale. This info is of public record and your courthouse should be able to help you. You do need to know that to purchase at a trustee's (auction) sale, you will have to purchase the home generally in as-is condition with no opportunity to inspect and in most cases you'll have to provide cash at the auction.

Most foreclosure homes will come to the open market and will be listed with a licensed real estate professional for sale. The banks list them for sale with realtors because they still have an interest in getting the most money they can for the home and realtors offer the best market to achieve that. In many cases, though, foreclosed homes are in tough shape and can be purchased at below-market prices.

Keep in mind that the Montana real estate market is still performing very well... regardless of what we might read in the paper about the national market.
0 votes Thank Flag Link Sat Mar 8, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer