Can you get a real estate loan (Gov/Trad) to purchase a more affordable home when you are now in a foreclosure
927664
Talk to your bank, and talk to a loan broker.  I have used both with good results.  Your real estate agent should be able to suggest a good loan broker; that's how I found mine.  He put together a reasonable package (it wasn't cheap), and two years later we refinanced into a much more reasonable mortgage.
670412
Assuming that your question is how do you go about buying a home in foreclosure I suggest the following.  First you must find the home that is in foreclosure.  Look in the legal notices in your local newspaper or a legal newspaper generally circulated among lawyers.  There you will find two publications that will put you on the track of a foreclosure.  First are the Notices of Default.  These are reuired to be published when a lender (usually a bank) wants to foreclose on a loan because of non-payment by the borrower.  From these notices you can identify the amount of the original loan on the property, the amount of delinquency, the name and address of the owners and the name and telephone number of the Trustee (The person who is managing the foreclosure and who will conduct a foreclosure sale if the back payments and costs are not paid.  The notice is a three month notice so you have a lot of time to look at the property (usually from the outside only) to see if it is what you want.  Unfortunately for you however the owner also has three months to pay of the arrearages and cure the defalult and thus prevent the foreclosure sale.\n\nThe second thing to look for in the legal section of the newspaper are the Trustee Notices of Sale.  The trustee is the person who will conduct a sale if the defalult is not cured, that is, if the arrearage is not paid of in the time alloted.  The sale of the property usually takes place on the courthouse steps and usually very few people attend.The Trustee's notice is a twenty day notice usually and you are given the time and place of the forclosure sale which is an auction sale.You are also told the mimimum bid which is the amount of the outstanding balance on the loan plus all of the costs of the foreclosure proceeding.The sale is however a cash sale so you must be prepared to go to the trustee's sale with cash.  Well it need not be dollar bills but it must be in the form of a certified check.  The trustee will auction the property off to the highest bidder of those present
275168
Not enough information to answer. If you are talking about a foreclosure of a mortgage, and the family has the money to pay the full amount, including all arrears, charges, attorney's fees, etc., no. But you have to offer the bank the full amount, and you have to be able to show the reason why you are behind no longer is a problem, otherwise, the family will just be in foreclosure after another 3 months.
552702
Of course you can, but seriously with a high Interet rate. All you need is 11% as a down payment for the house, otherwise the interest rate can go more higher.\nI am a Loan officer in CA so i can help you with that, feel free to write me at refinance@inbox.com do remember to give me your contact information in the mail so that i can get back to you.\nThanks and Good luck
106740
I believe you can.  I work for a mortgage company.  Perhaps we can help you.
626211
no.  the government is in the business of encouraging home ownership, not funding it.  the whole point of home ownership is to put some equity into something so you have a sense of connection to this massive pile of debt you've just bought.  if the government gave you the downpayment, what sense of connection is that?  you bought a house with the government's money and there's nothing keeping you from walking away.
392496
Go to court house and ask for deparment that handles foreclosures, they can help you.
1033851
Chapter 13 is no picnic either. They will garnish your wages and leave you pratically nothing to live on. Do you have a relative or friend that can buy the house from you for awhile until you can get back on your feet? Or perhaps even selling it outright would be better than losing it. How much equity do you have in the home? Mortgage lenders will refinance up to 65% of the home's value to bail you out of foreclosure. If that isn't enough, perhaps you have access to a retirement fund (401k, IRA, etc) and you can bring some out of pocket.
54184
More than likely you will obtain a conventional loan where you desire to purchase. This will be a new mortgage.\n\nYou may want to pre-qualify with a lender of your choice and be given the mutiple of options.\n\nMore than likely the loan will be secured by the property itself.\n\nBest to you
1154448
Contact the local county assessor's office.  Often times you can purchase the tax lien on the property and get an awesome return, if the owner doesn't pay off the lien then you can foreclose on the property.  The lien supercedes any other emcumberances, such as a mortgage.
1114731
You can.  I know people who have done it.  In some very rare times you can even recieve a check when you buy a home.  It is possible but not always easy.  Each market is different and each seller is too.
63506
If the foreclosure happened less than 6 months ago, I am pretty sure you can go into the county treasurer's office and pay off the taxes, interest, penalty and costs and get the property back with the tax lien dropped.\n\nIf it is longer than that, I am not sure.
169718
Im not sure if you happen to live in the baystate (massachusetts or even New hampshire or RI) but baystatelending.com is awesome- put in your info regardless of whether or not your from the area and they will probably refer your information to another lender who could get you a loan
1013271
Most of the listing for foreclosures will cost you a small price. You could google it, and then go to the website, then they will send you an email saying you need to purchase the list...
369971
Yes, although the most popular is an FHA loan that most mortgage bankers carry.  Go to http://www.hud.gov/ Here you will find answer to many questions as a first time home buyer.  I purchased my first property with an FHA Loan and even though the paperwork is a little more, it is the way to go due to the low down payment required.  Also look for a bank with "FHA credits" this can lower the money required at closing.
97831
I'm assuming you want to ask your local bank if they have any houses in foreclosure you can buy.  Best way to find out about that is to get a foreclosure list.  (Ask your local title company)  It will show what houses are going into foreclosure and where they will be up for auction.
701358
I am in the same position as you. Your options are very limited financially. If you own a home with alot of equity and are willing to take the risk that is pretty much your only hope. Foreclosures are priced right for investment but you many of them are in such bad shape that you cannot obtain bank financing and they may not have C/O's etc (basically you need cash). As far as profit you can  make alot of money but you need the cash to back you up for mortgage paymenys, closing costs and renovations also don't forget about the agents commission (out of sales price).