hello all : has anyone or does anyone know the process for looking at foreclosed homes? everyone that i,ve spoke with knows very little.they say go to the bank and ask for the foreclosed list. i don't think it,s that easy.i'd be interested to hear of anyone who knows about this or has purchased a home this way. sounds to me that this may be worth checking out seeing that the homes in denver are so expensive.how do people buy such expensive homes and keep them is beyond me.thanks for wharever input you all have...joezee

 

In Texas, foreclosures must be posted on the courthouse wall.
Dono

 

Depends where you live. In some states (like GA) you can even get lists e-mailed to you. It is public information and usually free at whatever court house they use to register deeds for the state.

 

Foreclosed homes are about the only affordable homes in Denver right now...
I would say ask your realtor, but I don't think they are compelled to broker foreclosed property, as the profit potential is alot lower for them.
Call your county courthouse and ask around, the lists are public record in CO.
Good Luck!
BDV

Hey, you could always buy a brand new house. Look in Lochbuie, Keenesburg, Broomfield, Brighton, Watkins, Loveland, Niwot, Stapleton, Lowry and Superior; basically anywhere you wouldn't want to live in the Denver area, there are 15,000 brand new houses with low water pressure and high HOA fees for you to choose from. All are on cul-de-sacs and circles, for your convenience.

 

The VA website, in your state, is one place to look. Foreclosed VA loans. Your state gov. lands div. website might also have some info.

 

most of them are cash deals...meaning that (or at least in TX) whenever they sale the property on the courthouse steps (public auction), you have to be ready to pay what you bid at the close of that auction. You have to have all the financing in place and be ready to sign paperwork....unless you have money or have worked out some sort of deal with a bank, this makes it hard for some to take advantage of this kind of a deal.

 

People are in debt up to their eyeballs....that's how they buy the expensive houses/cars. Right now it seems as though everone is buying a house and going into debt. Personally, I don't like what I see. Just like the stock market three years ago. People said GET INTO THE MARKET and everyone did....now look at it. Most indivduals have lost over half of their savings.
If things look better than it should, then it probably is.