Comments on: Where do you find legit information on buying foreclosed real estate and attending real estate auctions?

By: Amy

Amy — Mon, 20 Apr 2009 02:10:07 +0000

You can contact a few local mortgage companies and get set up on their foreclosure notification lists. Another option is to visit the court house, there will be posting for foreclosure auctions that will be taking place in the future. Also just a tip… if you happen to looking at Reality website and it says, “quick sale” that means foreclosure! These foreclosures can be financed; therefore, you would not have to have the cash in hand, as you would at an auction.

By: CardWarrior

CardWarrior — Sat, 18 Apr 2009 01:31:18 +0000

Go to your local county clerk’s office. Foreclosures are a matter of public record. However, I recommend that you do your research as some properties have hidden defects. Don’t let anybody discourage you in your dreams…even the clowns on this forum.

Hope this helps…

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By: JUST ME

JUST ME — Fri, 17 Apr 2009 18:06:13 +0000

To buy a home in California at a foreclosure auction, you need the full amount of the price in CASH.

You can not see the inside of the house so you don’t know if it has been trashed. Flipping a house in California now is a way to loose a lot of money. Home prices are going down.

Buying a home at a foreclosure sale is only for VERY EXPERIENCED real estate investors.

By: Beatrice C

Beatrice C — Fri, 17 Apr 2009 00:49:07 +0000

I think what your college instructor advised you is probably the best way to start. Everyone thinks that foreclosures are the best deals and honestly it doesnt always work that way. You can place an ad saying you buy “distressed” properties, or can look inyour local paper for “handyman” specials. You can also enlist the help of one realtor (so they will remain loyal to you, you must remain loyal to them) you can meet with them and tell them your goals and to keep you as a prospect for any properties that come up “pre-foreclosure” Realtors are a valuable tool in helping you buy homes that need a little TLC even homes that are close to foreclosure but the seller is still trying to salvage their credit and sell to prevent the foreclosure on their record. Interview realtors and find one that is willing to work with you. Many homeowners out there are having problems making their mortgage payment and you may be able to pick up a home like that.