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Goverment Tax Sale Homes All Locations : Nationwide Real Estate Advice

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Activity 59
Showing results for Goverment Tax Sale Homes [Clear search]
Fri Jun 6, 2008
Jemmy Kan answered:
Edison has 3 zip codes, 08820, 08817 and 08837. If you drive around, you will see many big houses in 08820, so the price is high for bigger house, whereas 08817 and 08837 have many smaller houses, like 3br ranches, condo/townhouses, so price seems to be lower, and it make sense for smaller houses to list lower, right?

If you come to Somerset, you will see even cheaper price. Like in our Forest Gate townhouse, you can get one for only $250k. But then, when I went to Philly work, I had to drive to Edison Train Station first to park the car there then take train to Trenton, it is a bit inconvenience. But, if, say, you work at Rutgers or Johnson and Johnson, Somerset is as convenient.
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0 votes 9 answers Share Flag
Thu Feb 28, 2008
weanona hugie answered:
Hello Pollak,

I believe you are able to obtain Dr. Chang's direct contact info from previous response.

Weanona
0 votes 4 answers Share Flag
Wed Aug 5, 2009
Dave Mohren answered:
Wendell,
In that price range, you may qualify for FHA financing. If you do, $10,000 is a more than adequate downpayment. Of course you'll have to figure in the cost of the financing you apply for, but a Realtor can structure your offer to have the seller pay for your closing costs. As for the foreclosures, we too are seeing our share of them. There can be deals but there can also be headaches. Again, an experienced local Realtor can help you navigate those waters. As for the ethnicity of the area, Florida is a very diverse state, and only you can chose the area in which you want to live. A Realtor should not comment on the ethnicity of a particular area. I hope this helps. ... more
0 votes 13 answers Share Flag
Thu Jan 1, 2015
Tammy Campbell answered:
Wed Jul 27, 2011
Dot Chance answered:
Hanna, when the bank approves you for a short sale it is because you have not been able to make the payments and have fallen behind. This will ruin your credit and then you won't be able to buy the property that you love! ... more
0 votes 12 answers Share Flag
Mon Feb 4, 2008
SM answered:
Yes, there are foreclosures here in Clearwater. The best way to find them is to ask your agent to do a search for REO or foreclosure property. REO stands for real estate owned and is a term which refers to a property that is owned by and in the possession of the lender as a result of a foreclosure. It is also possible to go to a site like www.homesales.gov and do your own search. This is a list of homes for sale by the federal government. Good luck to you! ... more
0 votes 3 answers Share Flag
Wed Aug 5, 2009
Nancy Doyle answered:
I think your right on track. There are a lot of programs to help buyers get into homes. Sellers are motivated and helpng in most cases. I have a lender that could help if you do not already have one. Give me a call or e-mail me and I would be happy to help. I can e-mail you some listings so you can get an idea of what you are looking at. You now have a lot of choices in that price range.
Take Care,
Nancy
239-209-2237
nancy.doyle1@comcast.net
www.nancydrealtor.net
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0 votes 14 answers Share Flag
Fri Jan 2, 2009
Perry Henderson answered:
FORECLOSURE REALITY CHECK.... Seasoned investors who buy foreclosures know the REO manager at the bank and get "off market" deals. They never have to bid or find a place to learn what's available.

FOR ALL OTHERS: The only "sellers market" in america is the foreclosure market. Don't expect any deals from a foreclosure as the bidding process brings 20-30 people to bid on almost every deal. A deal that was already priced at market. For government foreclosed homes, by law, they have to be priced "at market".

The REO manager has a short list of "cash/close in 2 day buyers", they always get the first right to bid. Then they have to wait for the "public auction" Which drives up those prices. After a 30-60 day period. Then the REO picks the best bid. Sometimes, only sometimes does a REO manager take a property directly to a buyer he knows peronsally. Why should he, he has a bunch of people bidding and driving up the prices.

My REO manager friend likes to joke about all the "first timers" who continue to drive up the bid when they don't hear anything from the bank. Every time I see the "how come I haven't heard from the bank about accepting my foreclosure bid after 30+ days" on trulia, I have to let out a chuckle because he's so right. For those newbies, this is real. They know that when you don't hear from them that a large percentage of people drop a second or third offer higher than the previous one. **WARNING, YOU ARE BEING TAKEN ADVANTAGE OF HERE**

You want a deal on a property right, everyone wants that.... So the moral of this story is:
1. the 60 days you have to wait to hear from a REO, you could have made 2 or 3 better deals with a property that has been on the market for a long period of time. Any realtor can help you drop a crazy offer.
2. You are attempting to make a deal in a house covered in a cloud of bad energy, don't be surprised when it rubs off. Personally I stay away from these for this reason entirely.
3. One way to get a deal is dropping a hand written note on ANY house in a neighborhood you want to buy that says "my girlfriend and I want to buy a house in this neighborhood and yours looks cute from the outside. Do you know anyone that is looking to sell?" I always get responses, better prices and positive energy into the home.
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0 votes 6 answers Share Flag
Fri Jun 19, 2009
Barry Miller answered:
If you are looking for Gov owned homes then www.homesteps.com is a good place to find Freddie Mack homes and what is going to come on the market. As for Tax sales, you want to watch the papers closely. Even when tax sales go to auction, the mortgage company usually buys it at tax sale to cover the asset. Hope this helps ... more
0 votes 3 answers Share Flag
Wed Feb 17, 2010
KC Sells Team | Kari Collins answered:
Hi Jack, Check out http://www.hud.gov/homes/homesforsale.cfm. I think you will find what you are looking for there. If not, and you are open to pre-foreclosures, we work alot with short sales in the Seattle area. Feel free to contact us.
KariAndJoe.com Team Seattle, WA www.KariAndJoe.com
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0 votes 7 answers Share Flag
Sat Jan 19, 2013
John Youker, Broker answered:
I would look at RealtyTrac.com. they seem to have it all separated by REO homes, pre-foreclosure homes, FSBO homes, etc. It is a monthly service you can join that is fairly comprehensive to what you are looking for. Also, look at the local county website to find auctioned properties for tax auction.

Is there a reason why you are looking for tax auction properties only? There are several other types of homes available to pick up a "good deal" on with a lot less hassle, if this is, in fact, what you are looking for.

Feel free to contact us if you need help, we do work your area.
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0 votes 6 answers Share Flag
Mon Feb 11, 2008
Gail Hiebert answered:
Cinthya, if you're looking for government HUD home closure in area of the USA, you can go online and search for HUD office near your home and get a list of all foreclosures finalized in your area. I don't know why you would want to do this.....but you may have a reason. A simple way would be to visit a friendly realtor in your area and ask them to generate a list of all HUD homes in your area that are for sale. Some agents do not deal with HUD homes at all, and some agents specialize in this field, but in either case, one you have the list, you can drive around a check the area. You will only be able to view the interior with an agent, but check the exterior of the property, area, and decide which you would like to see after you are armed with a up-to-date list. Hope this is helpful to you. ... more
0 votes 6 answers Share Flag
Fri May 9, 2008
Maureen Francis & Dmitry Koublitsky answered:
You cannot determine the actual taxes prior to closing because nobody can tell you what the new assessed value will be until it is reassessed based on your purchase price. Call the city assessors office to determine if it is it qualifies. They might give you a close approximation of what your taxes will be. You can also look at the taxes of neighboring comps. ... more
0 votes 10 answers Share Flag
Tue Apr 1, 2008
Perry Henderson answered:
Foreclosure reality check.... Seasoned investors who buy foreclosures know the REO manager at the bank and get "off market" deals. They never have to bid or find a place to learn what's available.

FOR ALL OTHERS: The only "sellers market" in america is the foreclosure market. Don't expect any deals from a foreclosure as the bidding process brings 20-30 people to bid on almost every deal. A deal that was already priced at market.

It's easier to get a deal by going to a realtor, asking them to find the oldest property on the market and start dropping discounted offers. In addition, you won't have to wait 30-60 days to hear an answer.
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0 votes 5 answers Share Flag
Tue Sep 28, 2010
Marc Comisar answered:
The foreclosures have hurt the area as it put even more downward pressure on the prices.....however, the fact is that the prices have come down so much that they are now equal to prices from 4 years ago...if you look around the country in any market that has growth and is desireable than you will see that you can now live in Florida for even less than other places up north. This fact and the baby boomers retirement influx will be the stabilizer and the reason for our economic turnaround. The time to buy is now. You can't expect the same prices to remain when the media starts the articles that "It's a great time to buy!"........The media are always months behind anyway as they wait for #'s to come out. ... more
0 votes 19 answers Share Flag
Tue Apr 26, 2016
Ute Ferdig answered:
Hi John. Here's the IRS site where you can search for all kinds of government auctions

http://www.ustreas.gov/auctions/irs/index.html

I hope this helps.
0 votes 87 answers Share Flag
Sun Mar 6, 2011
Deborah Madey answered:
Ohh....I wanted to post a question about Vero Beach and ask if there were any Trulia Real Estate Pros in that market who could comment specifically on the area. Hoping someone from Vero Bch will chime in about average days on market, price trends, and inventory levels.

In general, markets that are down will recover when buyer confidence returns. That doesn't seem to be around the corner. Buyers are sitting it out on the sidelines waiting for better 'news' before they will act. Some buyers have been displaced and do not have the ability to buy with tighter lending guidelines.

Let's look for some local chatter from the Vero Beach crowd......
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0 votes 14 answers Share Flag
Wed Sep 1, 2010
Melissa Mancini answered:
All of those factors you mentioned affect the housing market, no matter what part of the country you live in. The two biggest things that are affecting my market are the spike up in interest rates, as this reduces a buyers “buying power” and the fact that my market is flooded with inventory. Sellers in my market have no choice but to price competitively against the 50 other homes they are competing with if they want to be one of the one that sells, thus reducing the values of the “comps” used when determining a fair market value for the new inventory. ... more
0 votes 15 answers Share Flag
Sat Apr 25, 2009
cool answered:
you might need to be friendly with a realtor who could assist you with your sale or your purchase
0 votes 7 answers Share Flag
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