When you buy a foreclosure (already a bad move as you will not get any particuarl deal and you will run the risk of getting a home you wished you'd never bought as it drains your bank account, you must pay for it. Forget rent to own , foreclosures are never sold this way. You should also forget Rento to Own unless you want to get taken advantage of. This is all that will happen, guaranteed.... more
Trulia gets their data base information from a variety of syndications. Rather than posting a question here, I would suggest contacting Trulia's customer service department as it is doubtful anyone in customer service will see and respond to your post on this forum.... more
They could both be for sale and they might neither be for sale. Many people use the term foreclosure completely wrong and they over use it a lot. Once a foreclosure is over the term should no longer be used, but it is. Often the bank gets it and then it is bank owned or also called a REO property. The bank will get around to listing it for sale in a month or up to a year or more if there are title issues.
All bank owned (past foreclosed homes) will be listed with a Realtor for sale so find one to work with. They are free to you since the seller pays them.... more
Be very careful thinking foreclosures are always a great deal, sometimes they may be but generally they will require a lot of work. Also, the banks understand supply & demand, so they may own many homes but only place one or two on the market at any given time, (to hold up pricing). Get with a Realtor, these homes may be an option but there may be others on the retail market that end up being just as good of a deal in the end. Good Luck!... more
I had a client win the "highest bid" they contacted her to send in her earnest money, sent her the contract then informed her there was a problem and the seller would not sell the home for the price she bid, but if she would be willing to raise her bid by $15k they would sell. She wouldnt raise her offer but the real issue came up when she requested her earnest money be returned...she finally got it back but it took up a lot of her time, like Chelsey said there are MUCH BETTER ways to purchase a home!!... more
Call a HUD Home ownership counseling service, you can get a list by calling 800-569-4287. They could help you figure it out. The easiest way to stop the foreclosure is by getting caught up on the payments. If he has someone with financial power attorney include them in the conversation as well.... more
We would be happy to help you with this. Clearly, we would need more details about the file, to figure out what's going on. Feel free to call us directly to discuss your specific situation. Our short sale services are FREE for homeowners. We have been successful in getting homeowners off the hook for the deficiency, as well as, getting homeowners up to $23,000 in relocation assistance.
Eli Givoni, Director
Short Sale Department, LLC
MARS Disclosure for General Commercial Communications
Short Sale Department, LLC is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.... more