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Government Tax Foreclosure Listings All Locations : Nationwide Real Estate Advice

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Showing results for Government Tax Foreclosure Listings [Clear search]
Mon Aug 30, 2010
Bob Georgiou answered:
Jason,

That market is both very pressured but also very desireable. There ais an incredible number of people wlaking around with 200k+ in their pockets looking for "deals" and when those "deals" pop their head then there are multiple offers. In general the best properties will hold steady and the rest will adjust to the appropriate level based on the amount of work (lack of updating) requried. In Windermere, that is not good news.

Will prices go lower? Likely but if you are getting a loan those price corrections won't affect you in the short term. We have HAFA coming in August and then another year or two of distressed market then an interest rate adjustment phase all while the banks are "managing" risk by managing the market. Once prices start going up then the investors will cash out and the world will return back to normal, whatever that looks like a decade from now.

Find a good home, buy for the long term and pay a fair price.
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0 votes 31 answers Share Flag
Tue Jun 21, 2011
Kamal Randhawa answered:
Hello again Ran,

I feel like San Ramon is appreciating a bit faster the other cities but currently we have seen a slight spike in prices all over Bay Area. There continues to be new development in San Ramon simply due to the fact that homes are snatched up very quickly. This will not make the prices go down by any means.

Kamal Randhawa
Broker
510-932-1066
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0 votes 41 answers Share Flag
Tue Jun 21, 2011
Kajiyama answered:
I live in Windemere. In my particular neighborhood homes are getting multiple offers and the prices are going up.
0 votes 57 answers Share Flag
Mon Apr 6, 2015
Suzanne Looker answered:
Hi Rouriel,

I wish we had a crystal ball and know the moment prices were going to rise and fall. Unfortunately, our economy is very sensitive and the moment interest rates hike, the prices of housing will fall. I advise my sellers to hold tight if they don't need to sell and my buyers to purchase now while interest rates are historically low.

Please let anyone of us know if you want a comparable marketing analysis on your home and information on purchasing a property.

Regards,
Suzanne Looker
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0 votes 44 answers Share Flag
Thu Apr 6, 2017
Brad Davidson answered:
Anyone can do a title transfer with a quitclaim deed. If this is one of the companies claiming to be able to save you from foreclosure, BEWARE!!! Putting title in another name won9;t stop a foreclosure. This is a money grab by people preying on others that are in trouble.

Brad Davidson
Broker - 01416432
www.wehelpubuy.com
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0 votes 90 answers Share Flag
Mon Jun 14, 2010
Danny Nappi answered:
I don't believe it will have much effect. There wasn't a huge flock of first time buyers with the latest extension. Sure it did motivate some buyers that wouldn't have bought now but all that really did was get them in a home sooner. We shall find out soon enough. ... more
0 votes 7 answers Share Flag
Thu May 13, 2010
Don Tepper answered:
Very good question, and--frankly--an interesting analysis of the possibilities.

I don't have the statistics at hand. But even if you're correct that first-time homebuyers accounted for 40%-50% of all homes purchased, the first question I'd ask is: How does that differ from past years? I'd certainly guess it's up a bit. But by how much? In other words, to what extent did the tax credit distort historic patterns? I'd guess some, but not too much.

And your other point is valid: all the folks who lost their homes via foreclosures or short sales have to live some place. Most probably ended up in rental units. So you kind of end up with a revolving door, just turning a bit faster: More new home buyers coming into the market, but at the same time a large number of former home owners coming into the rental market.

And you often see those offsetting trends. Back a few years ago, before the bubble burst, nearly anyone could buy a home, so you saw a lot of people--many unqualified--buying. And that did drive prices up. But that also meant that rentals, comparatively, became a lot more affordable (and thus a lot more attractive).

I'd guess that, overall, the rental market will benefit some in the years ahead. After all, the tax credit did expire. And the folks who lost their homes to short sales and foreclosures need to live some place. There are always kids getting out of school who need a place to live. And, finally, somewhat longer term, interest rates are almost certain to go up, making it more difficult for some people to purchase.

Again, good question.

Hope that helps.
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0 votes 31 answers Share Flag
Wed Apr 28, 2010
Jay LaGace answered:
Not a chance, well maybe if your buying a lot in Lehigh Acres.
Your looking at poor info. Contact me and I will discuss all the if's and's or but's with you in regards to buying a foreclosure.

Jay LaGace
LaGace & Whitt Partners
RE/MAX Realty Team
239-443-8795
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0 votes 7 answers Share Flag
Thu Apr 29, 2010
Alma Kee answered:
Probably not a genuine listing, just a firm like RealtryTrac attempting to get you to pay for their data services.

"There is no such thing as a free lunch"... Economics 101! ... more
0 votes 7 answers Share Flag
Wed Apr 21, 2010
Pat & Steve Pribisko answered:
De:

I am as Realtor & an Attorney (30yrs), licensed for both only in Ohio, so I cannot & do not represent you. Therefore, what I write here are only my personal opinions.


Most attornies will do a one/half hour to hour consultation at no charge. That time is for the attorney to understand what issues & legal concerns you have. You don't receive any legal representation or advice. For that, you need to sign an engagement letter which covers the scope of the matter & the legal fees involved.

You may need to retain an Attorney who handles residential real estate matters. Short sales can present many issues for which you should have legal advice. Many people try not to use an attorney at the outset of a problem, to save money. The result often means higher legal fees to fix the problems, rather than pay lower fees up front to prevent the problem.

Ask friends, family, co-workers, Realtors, loan officers, etc . for the names of attornies they may know, who can assist you.
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0 votes 11 answers Share Flag
Tue Apr 20, 2010
Dan Chase answered:
For your last question ask realtors in your area how the ending of the first time buyer credit is affecting traffic. In some areas people are desperately trying to buy before the free money goes away. In other areas very few people are even looking to buy a house. I have no way of knowing what is going on near you.

If you are looking long term there are things to consider. Can you now buy for less or the same amount as rent? If yes and you plan on owning it forever maybe now is a good time to buy. There is one wrinkle that will change prices even more. You are aware of how foreclosures have dropped prices. Are you as aware that going from 5% to 7% mortgage rates will take away 23.9% of buying power? As buying power goes away prices will have to drop unless wages increase dramatically. With about 10% unemployment I do not see that as likely.

When buying a house make sure you buy it at a discount below what is considered fair market value today. That way when prices drop more you will have some protection. I would say at least 10%, but perhaps more is a safer bet.

Below are some blogs to look at. Just consider what is shown there and decide for yourself what to do. They give different reasons prices could drop more in the next 2 years or so.

Does it make more economic sense to rent or to buy? Look at your numbers and see how to find out below.
http://www.trulia.com/blog/dan_chase/2010/01/does_it_make_more_sense_to_buy_or_to_rent_look_at_the_numbers_and_decide_for_yourself
Why paying more for rent might might more sense than buying under certain conditions
http://www.trulia.com/blog/dan_chase/2010/02/why_rent_if_you_could_buy_for_less_money_valid_reasons_inside
10 valid reasons to wait to buy a house
http://www.trulia.com/blog/dan_chase/2010/01/10_valid_reasons_to_wait_to_buy_a_house
do low interest rates really make it a good time to buy a house?
http://www.trulia.com/blog/dan_chase/2010/01/do_low_interest_rates_really_make_it_a_good_time_to_buy_a_house
qhat will (or could) happen when the free $8,000 goes away.
http://www.trulia.com/blog/dan_chase/2010/01/what_will_or_could_happen_when_the_8_000_buyers_credit_expires

Look at the site below.
http://www.housingpredictor.com/arizona.html
In Phoenix home sales have seen a healthy improvement, but prices have fallen at an unprecedented rate, nearly half from the market's peak. The pro-longed downturn has sustained for more than two and a half years, but should begin to see improvement in the latter half of the year. Government tax incentives and further enhancements in government backed lending are projected to aid in the markets recovery.
Broad investor buying
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accounting for nearly a third of all sales has acted to strengthen the Phoenix market. But more active purchasing has not yet developed in the higher price
ranges, and will have to before a full-fledged recovery develops. Housing Predictor forecasts Phoenix housing prices will average deflation of 11.3% in 2010.

p.s. I would not go into a bidding war. That only causes people to overpay.
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0 votes 4 answers Share Flag
Wed May 14, 2014
Patricia McCrite answered:
CI

Classically, finding a good realtor in the area can be a resource for the type of home you want. If you are finding that is not working for you - you may try joining companies that have leads for short sales or preforeclosures. My idea is that if you are trying to find one - you are looking for yourself. If you are looking for more than one - you are looking to flip or invest. If so, there are many companies out there that can help you or really a realtor. ... more
0 votes 6 answers Share Flag
Thu Apr 25, 2013
Manu Kapoor answered:
The real setate had indeed fallen to 5-8 years prices depending on the state you are in.
Palo Alto is a beauty & would love to assist you in selling as Short Sales are all what we handle.
www.goforshortsale.com
To get a FREE REPORT email at grandfinance@gmail.com
718-775-7557
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0 votes 46 answers Share Flag
Fri Apr 2, 2010
Don Tepper answered:
Would it help if I said: No.

Realistically, lots of people try to buy short sales. Some are successful. Many aren't. At best, it can work with only a few hitches, and take just a bit longer than a "regular" purchase. But that's the exception. Many are complicated, frustrating, and time consuming. You generally won't get any useful feedback from the lender. They often take 3-5 months or more, and I've heard of instances where they've taken 9-13 months.

Also, a short sale moves in parallel with the bank's efforts to foreclose. And sometimes the foreclosure occurs prior to the short sale. What that means for you as a buyer is that you can be pursuing a short sale and everything seems to be going OK. You may even be told that closing on the sale is just a week or two away. Then the foreclosure occurs. So at any point, you could lose the house.

It's also a problem if you're on a schedule of some sort. If you've sold your present home and have to be out of it in 2 months, don't depend on a short sale to provide that new home to move into.

So: If you're prepared for all the hazards--that it can take 9-12 months, that you might lose the home after half a year's effort to a foreclosure, if you're flexible on when you have to move, if you're OK with not being able to get an answer to the question "What's the status?" then consider a short sale.

Hope that helps.
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0 votes 8 answers Share Flag
Mon Apr 12, 2010
Dan Chase answered:
It hurts it. You see a market to be healthy must be free. Sometimes that means it goes a bit high, other times it means it goes a bit low. A business cycle has to be allowed to happen. All this is doing is slowing down the inevitable and stopping people like me from buying sooner.

It will keep a few undeserving people in a house they did not pay for as they agreed. But how is that a good thing?
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0 votes 24 answers Share Flag
Thu Mar 25, 2010
Anna M Brocco answered:
Unfortunately a decision only you can make--If you are ready to buy and need to purchase, buy now and be a little more aggressive in bidding--in addition to the tax credit, interest rates are still very good--and who knows where they will be down the road. If you are not in any rush to buy, buy when you are ready. ... more
0 votes 10 answers Share Flag
Wed Apr 18, 2012
Christopher Suh answered:
Hello,
I have a great loan officer that can help you with your finances as well as answer any of your questions. From what you are stating above you should have no problem financing your future home right away. If you email or call me with the criteria you are looking for in a home, I can send you some current listings available. I will also connect you with my Loan Officer from BofA which she can tell you all the available programs and options you can choose from and also give you the best advice which route to go with.

Please feel free to call me anytime or if you prefer email that is great also.
Thank you
Christopher
chris@esimplerealty.com
949.777.5248
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0 votes 26 answers Share Flag
Tue Sep 7, 2010
Bill Eckler answered:
Being told that your best option is to "walk away" may warrant further investigation. The best advice on this topic may come from a real estate attorney that is well versed in this area.

It would be advisable to thoroughly understand the legal anf financial implications of all options including short sales, foreclosure, and just walking away. In most cases those that may be advising you may not have the experience to do so............

Minky, best wishes and be sure to completely understand the full extent of your options.

The Eckler Team
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0 votes 17 answers Share Flag
Tue Mar 16, 2010
Debra B Albert PA answered:
Yes, and there are tons of great Condos at reasonable prices near the beach or on the golf course. Do you have criteria including pricing?

Debbie Albert
Coldwell Banker Residential
www.ronanddebbie.net
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0 votes 16 answers Share Flag
Sun Mar 21, 2010
Temporarily Off-line answered:
You are certainly free to offer whatever you want, including list price. Perhaps you agent thinks you will end up in a multiple bid situation, and since comps justify a higher price, your offer would not be competitive. Also, consider that the seller's lender will also review comps to determine if your offer is acceptable. ... more
0 votes 36 answers Share Flag
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