Is it possible to find and investor to buy my house that is in foreclosure so that I can buy it on contract?
914771
Yes, there are investors who do real estate transactions like this on a daily basis.  It can be a great option for someone in your position to stop foreclosure, save your home, and remain in possession of the property.  If you find an investor who will help you do this, you may even end up with lower monthly payments, if they qualify for a low interest rate.\n\nThe only big thing you should be worried about is investors who scam homeowners out of their homes.  While most investors are not like this, you don't want to run into one of the criminals out there.  Some of the most common investor scams are below, so if you feel like you're in any of these situations, then think about finding another investor.\n\nSigning over the title.  With this scam, you will be forced or tricked into signing over the title to your home.  A potential investor will assure you that paying them an up-front fee and signing over your home will cause the mortgage company to record the foreclosure against them, saving your credit.  This is simply not true – because the mortgage is in your name, you are responsible for paying it, and you will be the one foreclosed on.  The investor who you have given your property to has virtually no obligation to help you and will walk away with the fee you have given them.\n\nSurprise quit-claim deeds.  Sometimes, while working with an investor, you will find out that you have signed a quit-claim deed.  What this does is gives the investor all of your ownership rights in the property.  This is used most commonly when individuals want to get rid of their properties very quickly and simply give them away, usually as a gift to a close friend or family member.  In this case, though, it is used to steal your home and the equity you have built.  If the quit-claim deed is valid and recorded, you have effectively given your property to the investor.  The investor can then do whatever he pleases with the property, including selling it for more than you owe and taking the entire sale proceeds for himself.  Or, the investor may place a second lien on your property, allow it to go into foreclosure, and be entitled to a portion of the price it sells for at the sheriff sale.\n\nExpensive leaseback arrangements.  The lease-option (or leaseback) scam has come under fire by many state attorneys general recently.  In this arrangement, an investor will offer to purchase your home and allow you to lease it from them and purchase it back when you have repaired your credit.  While this may work out in the best interests of all involved, a number of criminal investors have severely taken advantage of homeowners with this scam.  They will structure the monthly payments much higher than what you can afford, and then evict you when you fall behind in payments.  Another way this scam can work is if the buyback price is higher than the original payoff of your home.  If you can not buy the property back at that price, you will be evicted.  But even if you can get a loan for the full buyback amount, the investor will walk away with all of your equity.\n\nEquity skimming.  This scam may also be called “equity stripping,” and it is usually aimed at elderly, minority, or otherwise vulnerable homeowners in foreclosure.  It may be accompanied by a lease agreement or a quit-claim deed, but always involves selling the home to the investor.  Usually the investor will promise to pay off your mortgage if you sign over your house to them.  You may be allowed to stay there as a renter, because the investor will rent the house while he is the owner of it.  However, the investor will not pay off the mortgage, will collect the rent, and let it go into foreclosure.  Then he will sell the home, take all of the equity, and you will have the foreclosure on your credit.\n\nGood luck stopping foreclosure, though.  Hopefully everything will go according to plan.\n\nForeclosureFish\nhttp://www.foreclosurefish.com/
1123881
There is a problem with what you just said.  In a nutshell, you are saying that you cannot afford the home you want, but still want to get it.\n\nBEWARE!!!  This is not a good situation to be in.  Buy what you can afford.  Do not get sucked into odd loan types just to be able to afford a home.  This will cause foreclosure.  \n\nBuy a home that you can afford, please.  I understand that your intentions are good, but many people seem to want to bite off more than they can chew, then in the end, they end up adding to the already astronomical foreclosure rate.\n\nCheck yourself and work with a good Realtor and tell them what you are looking for.  It may take some time, but chances are, one is going to eventually come up fro sale.
1154417
In Texas you can go by the courthouses and get a listing for people who will be coming up at the next foreclosure auction should they not find a solution to their problem beforehand.  Just go by the County Clerk's office and be prepared to pay for copies.\n\nI am sure there is something similar in other states as well.  the best place to find out is the department that handles real estate law for the state.  They will be able to tell you how it is handled.   Also most realtors know the basics of it too.
414901
First what do you mean by foreclosure home. \n\n1. If the house is currently in foreclosure and has not been sold by the sheriff or trustee. Then you will need to buy the home directly from the debtor. They own the property till the sale date and/or redemption period. If debtor is not willing to sell their home you will need to bid on the house at the foreclosure sale. You will need to contact the law office that is handling the foreclosure for their sale terms and if money is due by the end of the day. Please understand the foreclosing law firm can only give out very limited info due to the fair debt act\n\n2. The foreclosure sale was completed and reverted back to the bank and the redemption perior expired (if there was one) The bank owns the property at this point. You will either need to contact their REO(Real Estate Owned) department and tell them you are interested in purchasing the home. Or wait till the bank has listed the property with a local realtor. \n\nMost of the homes sold by the bank are sold as is and it is wise to have the property inspected by a professional. \nIf you are financing the home some lenders may want to see the inspection report or have other requirements since it is a foreclosure home before they do the final approval. \n\nIf you are purchasing the home from the debtor prior to the sale, Time can be of the essence and the closing will need to be completed prior to the sale unless other agreements have been made by the Mortgage company foreclosuing on the home.\n\nthis is the basics however I'm sure there are some who have tricks on dealing with the banks.
1091891
Reality check. You can't.\n\nYou need access to funds, either your own or the bank or hard money lenders. Houses cost money.\n\nYour only other option is to swing some owner financing deal, where the owner is essentially your lender.
820387
If you do a web search for "we buy ugly houses" you will find half a dozen companies that buy houses of this kind.  But don't limit yourself to companies.  There are plenty of private investors who will buy houses with tenants in them, especially if the tenant is paying a decent rent.  Try advertising for free on craigslist.org or try paid advertising on one of the many web-based real estate sales websites.  Put a for-sale sign on the house with your phone number and watch the calls come in.  Or list the house with a real estate broker.  Good luck!
1175483
yes you can, discuss it with whatever real estate broker has the listing for your property or hire your own broker to deal with them
407010
Each state has an office with a name that is something along the lines of "commissioner of land"...contact that office.  They can put you on a mailing list to receive notices when they are about to have the auctions.\n\nAnother thing you can do is look for pending forclosures in the newspaper.  They have to post it in the newspaper before they forclose.  If it is an old mortgage, call the homeowner and offer to take the note.  They can sign the house over to you and you can either assume the note or refinance to get it into your name and current.  This method was pretty much how I got my house, and the 27 thousand dollars equity that came with it.
1181706
If this is a tax foreclosure, by a city government, this would be legal. But when you're invoved in anything of this sort, check with a lawyer or a realtor to make sure all the paperwork is properly done. \nBe a little wary about any foreclosure, as people who are unable to pay taxes are often not able (or unwilling) to do maintenance and repairs, so get someone in to check the place before you purchase. If it is a foreclosure because the owner has died, or there is a dispute between the owners, you may get a really good deal. Sometimes a home that is up for defaulted tax sale is worth it if only for the price of the land. But in any case, get some expert advice from someone who knows the real estate in your area.
253126
Yes....FHA will do it.  I can take care of this transaction if you would like to talk.  go to my website www.americanhm.com/timothy.ka zee and apply.  I will get back to you as soon as I can.  Then also, please call me at (614) 598-2990 and we can talk personally about this.  I should be able to take care of this for you.
695916
Some of your question depends on whether you have some special circumstances, but you don't mention any in the question.  Here are some things to do:\n\n1.  Go to your lender and explain the situation, and try to come up with a payment plan you can live with.  The lender doesn't want to foreclose unless it has to, especially in a down housing market like we have now.  But if you have not been in touch with them, they have no idea whether you are trying your best to get current or whether you are just a deadbeat.  So, go and meet with the bank or lender.\n\n2.  Find a credit counselor.  NOT a commercial service that charges a fee:  Those are complete rip-offs.  You want a non-profit credit counseling service run by lenders.  They can help mediate for you and can often work out a payment schedule like I described above.\n\n3.  If you are too far behind, see if you can sell your house.  It is much better to sell and start over with a clean slate than it is to lose the house in a foreclosure.  Then your credit will be ruined.  But a sale is just a sale.  Depending on how long you have been in the house and how much equity you have, you might even walk away with some money in your pocket.  Talk to a real estate agent TODAY about how much your house might sell for.\n\n4.  If worst comes to worst, think about whether you have friends or relatives who could buy the house (either now or at foreclosure) and then resell it.  This can work two ways.  If you are in a temporarily down market but the house and the neighborhood are basically good, then they can buy the house and sell it to an outsider without the pressure of a foreclosure hanging over everyone's head.  Otherwise--and this is true right up through the foreclosure itself--they may be able to buy it and then re-sell it to you; they would essentially become your lender.  And it doesn't have to be one friend.  If you have 5 or 6 friends or family members who can buy it together, it will work the same way.\n\nYou are in a tough situation, but there is hope if you act fast.  Good luck!!
1044558
Contact the banks in your area and they should put you in touch with the person who oversees forclosures.  It may take some calling around to find someone who knows who to direct you to, but it can be done.  Smaller banks are easier to find it.  Also check the county website for a list of soon to be auctioned homes.  They are always posted in advance either in the paper or county website.
1069652
First of all you are purchasing the property in a as-is condition and the bene does not plan to do anything about that situation.\n\nThe Bene will have someone there to ensure that they make the minimum bid of whatever the loan is. So if the loan on the property is 150K to include all foreclosure fees, attorney fees, recording fees and any other cost to complete the foreclosure, the lender will have someone there to bid 150K. After he bids that he probably will not bid again.\n\nKeep in mind if the property is being sold at the foreclosure auction the person performing the auction will want to see your cash or cashiers check before he will allow you to bid on the property. So make sure you have enough cash on hand. You will not be able to bid unless the cash or cashier check is there,  you can not win the bid and say you have to go get the money.\n\nThe lender will in most instances get rid of the person residing in the property now, that need not be a concern of yours.\n\nAt this point it is useless to approach the owners. You must contact them at the beginning of the foreclosure procedures but long before the lender has set a sale date or trustee sale. That is the best time to purchase a foreclosure is by contacting the owner before the property goes to sale by the lender.\n\nThe only liens you have to worry about is the one you are bidding on. The other thing you might have to bring current is the taxes, but most of the time that is included in the fees the lender had to pay out.\n\nTo check for liens on the property you can get a title company to either give you a title report or a property profile. By this lender foreclosing on the property any junior liens are wiped out unless the junior lien take over the foreclosure from the senior lien holder\n\nI hope this has been of some use to you, good luck.\n\n"FIGHT ON"
247864
Call a realestate agent. Often they are the brokers for such deals.
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...
669929
Are you looking to buy or are you the owner of the foreclosed property? If you are the owner, it may be too late since the sale has been scheduled unless youi can get your bank to cancel the sale by coming to some financial arrangement with them. The alternative maybe you try and get a family member/friend to buy the property at the Sherrif sale and allow you to rent it back from them.
312307
you may want to go to the courthouse to see the houses that are about to go into foreclosure. That way you might be able to negotiate with a motivated seller and get a good deal. All these things are public record so the courthouse might be the first place to look. There you could enquire how to look up these records.