Foreclosed sentence example

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  • Foreclosure listings Foreclosures and Foreclosed Homes in the U.S. Free Cell Phones cell phone plans Free Zippo lighters Shop for genuine Zippo lighters.
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  • You may want to consider buying foreclosed property.
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  • Foreclosed property is property that is now up for sale due to the fact that the previous owner wasn't able to continue to make mortgage payments on the property.
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  • Other reasons homes get foreclosed on include IRS tax seizures, property abandonment, and real estate tax nonpayment.
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  • There are several steps to ensure that you get the best deal on a foreclosed property.
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  • All will be able to tell you about recently foreclosed property in your state or hometown.
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  • Contact your state or local governmental offices for information on the steps needed to take in purchasing foreclosed property.
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  • Keep in mind that most foreclosed property is sold as is, so there could be many things wrong with said property.
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  • Finding out the best price for a foreclosed property is easier than you might think.
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  • Local real estate agents can direct you to other foreclosed properties in your area with similar prices.
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  • Have your finances together and figure out just how much money you can put down for the foreclosed property.
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  • The easiest way to purchase foreclosed property is from a bank.
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  • Before purchasing any kind of foreclosed property, conduct a title search on the property.
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  • ForeclosureNet.net: Sign up for a free seven-day trial and search the country for bank and government foreclosed homes.
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  • NeoRealEstate.com: Check out the map of the United States, which will display info on foreclosed properties in whichever state link you click.
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  • Buying a foreclosed property can be a great way to get a stellar deal on a house.
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  • As always, you must take precautions, but there are special precautions to buying foreclosed homes.
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  • You can search out distributors by type, like Apparel or Footwear, and find Government Auctions where you can load up on foreclosed items.
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  • Remember, if you don't pay off secured debts, such as housing and transportation, they can be foreclosed on or repossessed.
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  • If payments are not made in a timely manner, the home can be foreclosed on even if the primary mortgage is paid on time, every time.
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  • Another distinct advantage participating in the HECM program is that your home will never be foreclosed because of non-payment.
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  • I would like to know what lenders provide financing to those wanting to purchase foreclosed properties, according to some of the R.E.
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  • Armand, there are plenty of lenders willing to provide financing for foreclosed properties provided the value of the home exceeds the amount you will pay.
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  • If possible, do not let your home enter the redemption period because it is near impossible to get financing to re-purchase the foreclosed property in this stage.
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  • Properties are usually brokered through a local real estate agency, and the usual closing procedures will apply when purchasing a foreclosed home offered by Fannie Mae.
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  • When homes are foreclosed, they are often resold at an amount that can be considerably lower than the market value they would have received if sold through traditional means.
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  • The key to a successful purchase of a foreclosed property is to follow some key steps.
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  • A foreclosed home is sold "as is," but you will probably not be able to inspect the interior of the house before you make your offer.
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  • Homes that received government-guaranteed financing can also be foreclosed if the owner does not make the monthly payments.
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  • A foreclosed home sitting unoccupied is not a preferred situation for mortgage lenders.
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  • The Bank of America list of foreclosures allows you to search for foreclosed properties by location or type of house.
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  • It's possible to view every available foreclosed property through Bank of America but it is possible to greatly reduce unsuitable results by specifying exactly what you are looking for.
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  • Price Limit: You can specify a minimum and maximum amount of money the foreclosed home costs.
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  • Purchasing government tax foreclosed properties is an option for investors.
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  • If the applicant has foreclosed on their mortgage within the past three years, they will usually be denied for an FHA mortgage.
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  • If a lender pursues the claim aggressively and institutes legal proceedings shortly after the first missed payment, a homeowner may find their home foreclosed on in less than two months.
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  • The U.S. government has homes that have been foreclosed on through its various agencies, such as VA and HUD.
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  • Investors, individuals and anyone else may buy homes that have been foreclosed on by various government agencies, such as FHA, HUD (USDA and Rural Development) and VA.
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  • First they find a foreclosed and abandoned home and ask the senior to live in the home until a reverse mortgage can be obtained.
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  • The reason here is that in the past, if a bank or lender foreclosed on a home, they could re-sell the home and gain back money lost.
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  • Understanding the process for buying foreclosed homes is essential for individuals who would like to cash in on the great deals that foreclosures may offer.
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  • The process for buying foreclosed homes, while not terribly difficult, does vary from state to state and region to region.
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  • Because a foreclosed home is essentially a home someone else lost due to the inability to pay, the government issues rules on how foreclosed homes may be purchased.
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  • While this might sometimes be the case, the real money saved on a foreclosed home is usually less.
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  • To shop for a foreclosed home and get away with a great deal, you will have to invest plenty of time and effort into the process.
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  • Finding the foreclosed home that you're going to purchase is no easy thing to do, as simple as it may seem.
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  • Of the steps in the process for buying foreclosed homes, simply finding the "right one" is easily the most misunderstood.
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  • Because foreclosed homes sell at less than the actual value of the house, plenty of potential homebuyers are looking to buy one at any given time.
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  • To begin looking for a foreclosed home, try the Internet.
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  • Foreclosed homes are generally the result of a long period of struggle for the former owners.
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  • This means the house hasn't foreclosed yet, but the owner needs to sell the home within a certain amount of time.
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  • Buying foreclosed homes can be a great way to get a good deal on a real estate purchase, but make sure you are ready to devote the time to doing your research and going through the process properly.
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  • Many buyers or investors ask the question, "How do I purchase a foreclosed home?"
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  • For inexperienced buyers, it is an especially good idea to do some careful research on the question of "How do I purchase a foreclosed home?" before jumping into the buying process.
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  • The first key to buying a foreclosed home is to find the ideal property to buy.
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  • Unless you plan to become a large real estate investor, you should generally focus on buying only one foreclosed home at a time.
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  • Check out the name(s) of the agents selling those properties and give them a call to see if they will work with buyers to help them find foreclosed homes.
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  • You should be able to pick up the foreclosure for approximately 30 to 40 percent below market value, so compare the foreclosed home for sale to the recent sale prices of other homes to make sure the costs are in line.
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  • While buying foreclosed houses takes time, effort and careful research, it can be a very profitable endeavor.
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  • Foreclosed homes are also available for people looking to purchase a home to live in, but potential buyers should take care to understand the process before committing to this type of purchase.
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  • When the home is foreclosed, the lender or guaranteeing agency takes ownership of the home and the homeowner is no longer considered the legal owner of the home and can no longer reside in the home.
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  • You should also not assume that every foreclosed home is dilapidated and will need major repairs; some of the homes that wind up in foreclosure are quite upscale and are not in need of any major repairs.
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  • On the other hand, it should never be assumed that just because a foreclosed home appears to be fine that this automatically means the home has no needs for immediate major - and potentially expensive - repairs.
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  • Potential buyers have more than one option when wanting to purchase a foreclosed home.
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  • Contact the real estate agent representing the foreclosed home, if any.
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  • Attend an auction to purchase a foreclosed home.
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  • Foreclosure laws vary from state to state, as does the process involved with offering a foreclosed home for sale.
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  • Online listings can also lead you to a suitable foreclosed home.
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  • When a government-backed home is foreclosed upon, it is listed in an auction.
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  • Many people search for bank foreclosed homes for sale in the hopes of saving a tremendous amount of money when buying a home, but buying a foreclosed home does not necessarily guarantee significant savings.
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  • Banks do not generally like to keep a large portfolio of real estate holdings, and for this reason they oftentimes present the foreclosed homes for sale at an amount that is less than the actual market value of the home.
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  • This does not mean that bank foreclosed homes for sale are commonly offered for ridiculously low amounts.
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  • A professional real estate agent can be an excellent source when trying to find an appropriate foreclosed home to purchase.
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  • Some real estate agents specialize in finding bank foreclosed homes and can accomplish the task of searching through suitable homes for you.
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  • Since some banks offer their foreclosed properties through real estate agents, oftentimes one of the first required steps will be contacting the agent representing the property you are interested in.
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  • Not every bank provides a free online listing of foreclosed homes for sale.
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  • To find out if other banks offer foreclosed home listings online, check the website for each lender that you want to know about.
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  • If you're looking for a free list of foreclosed properties on the Internet, you are in luck.
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  • The United States Department of Housing and Urban Development has foreclosed homes for sale.
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  • You place a bid on a HUD foreclosed home through an approved real estate agent or broker.
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  • Fannie Mae has foreclosed homes for sale.
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  • You will then be redirected to Altisourcehomes, the official re-seller for VA foreclosed homes.
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  • Most licensed real estate agencies will provide you with a copy of HUD and other government foreclosed home listings.
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  • Simply stop by the agency and ask for their most recent free list of foreclosed properties from HUD, FHA and VA.
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  • The USDA, Rural Development also provides a list of foreclosed properties at no charge.
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  • To view an array of single family homes and other foreclosed real estate by three government agencies all in one location, visit Homes Sales.gov.
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  • If you are bargain hunting for a new home, it may be in your interest to obtain a free listing of foreclosed homes.
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  • Homes are foreclosed on every day for various reasons.
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  • There are primarily three government agencies which offer free listings of foreclosed homes.
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  • The United States Department of Agriculture and Rural Development has a variety of foreclosed properties.
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  • The United States Department of Veteran's Affairs offers foreclosed homes for sale in a bidding process as well.
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  • The official website for foreclosed homes lists photographs, addresses and details of homes throughout the United States.
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  • Registration gives you access to a listing of thousands of foreclosed properties, with pictures, property appraiser's report, street-level virtual tours and a profile on Zillow.com.
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  • There are several ways to obtain a free listing of foreclosed HUD homes.
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  • One of the easiest way to find listings of foreclosed HUD homes is to simply visit the US Department of Housing and Urban Development (HUD) website.
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  • Another way to obtain a free list is to visit your local HUD agency offices and ask for information on foreclosed HUD homes.
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  • You place a bid on a HUD foreclosed home through an approved real estate agent/broker.
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  • When you visit the office, simply ask for homebuyer assistance, and ask for a free listing of foreclosed HUD homes.
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  • To view an array of single family homes and other foreclosed real estate by three government agencies all in one location, visit HomesSales.gov.
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  • Whether you obtain your free listing of foreclosed HUD homes via the Internet, a local office or a local real estate brokerage firm, you will find the same information.
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  • These foreclosed properties are inspected and any problems that are discovered will be reported in detail on the information sheet.
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  • One notable lawsuit involves the allegation that AHMSI prompted the sales of numerous foreclosed homes in an effort to obtain cash for the company's financial obligations despite the potential substantial loss to investors.
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  • The Housing Crisis of 2007 resulted in some states recording their highest historical numbers of foreclosures, making it appear that foreclosed property was plentiful and available anytime.
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  • This means that each state has different procedures and rules for how fast an item can be foreclosed upon.
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  • Many bidders make a job out of purchasing foreclosed properties, which can make foreclosure auctions competitive.
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  • After you take these concerns into consideration, you may still want to pursue a foreclosed property.
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  • You can look for foreclosed properties in the local newspapers; notices are often published in the weekend papers.
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  • The result was a depreciated housing market and a high number of foreclosed homes.
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  • The houses range from foreclosed properties to condemned houses that are usually bought cheaply and flipped completely or minimally, depending on the time and budget of the cast of that episode.
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