I have heard that some banks for willing to buy you out of your home if you will buy one of their foreclosure’s. Does anyone know if there is truth to this?
Frank calls in to get Jim’s take on the lifting of Bank Foreclosure Moratoriums. Is there a flooding of bank homes coming?
I was just told by a banker that the house we are trying to buy was foreclosed on 84,000, and the bank bought it back at sheriff sale for 70000. NOW they are saying that if the house appraises for more than the loan, that will be the cost. Why are banks allowed [...]
Some time ago I came across an article about banks offering cash to homeowners being foreclosed on in return for a clean house.
Does anyone know how this works? Does the bank make the offer or must the homeowner make the call to the bank?
I am in no way condoning foreclosures or ways to get money [...]
Bank Owned Foreclosure Bus Tour held on Saturday, April 5, 2008. Those who wish to attend future events need to visit bankownedtourbus.com or http or you can call 401-473-5050. The bank owned foreclosure bus tour is free for the first 50 registrants (a .00 value) which includes breakfast, lunch and give-aways.
I bought a foreclosure and I found a copy of the sherrif’s sale (the bank bought it back at the sale), the bank sold me the property for more than 100k than they paid at the sale. Is that legal?
Foreclosures JUMP! www.cnbc.com Retail Sales for 2009 finance.yahoo.com finance.yahoo.com 2009 Breaks records for foreclosures apnews.myway.com fed profit 247wallst.com option arms www.cnbc.com www.cnbc.com
I just placed a bid on a foreclosure to hear that the bank accepted an offer that same day. I bid pretty high. Better than what most are offering. Though this may be a question of ethics, do banks regularly pull out of an initial verbal agreement if presented with a way better [...]