foreclosures

[Captn. J]

i was wondering if it s good idea to buy  a foreclosured house  or something thought it ll be a great deal somehow , but where do i start looking or whatever  just having a few idea in back of my head , just if someone  knows  i ll appreicate that

[84Chevy]

yep.. nows the time to buy!!!!!

[Squirell]

foreclosures are a great deal....around saginaw there is a couple real estate company's that just deal with them.. might be the same around your area

[possoms]

Macomb county has a list that are coming up for sale at action by the state. Our town list them in local paper each week you can go look at them then show up on sale day and bid on it.  That at town hall.

[Mudduck]

gotta be sure the bank isnt behind on property tax otherwise  they ll charge it to you if u bought the house

[Captn. J]

anyone know of a websites so i can start looking and get some ideas?

[play time]

Foreclosed houses are a great deal most of the time.  That is how we picked up our house.

Many houses that you see with a real estate sign in front from a bank will be a foreclosed home.
All Star realty deals only with foreclosures, that is where we got ours.

[THAT MUDFIT GUY]

http://www.bankforeclosuressale.com/list/michigan.html

[TBigLug]

Definitely look into the back taxes. We went and looked at one house that was selling for 20,000. Come to find out there were 75,000 in back taxes that had to be paid too.

[Captn. J]

that site  mudfit had is good but u gotta pay for it??  wtf , looking for something free to view things

[~SwampRAT~]

my fiance and i bought a forclosed house. we paid a $69k and it was appraised for $120k. got a big ass pole barn and 2 smaller sheds with it. little over half an acre in the town of davison. the site we used was http://www.flinthomes.net/homesearch/ but if your not looking around this area, it probably wont help you.

[extricator1]

just contact a realitor my sister-inlaw does reality and there are some great deals to be found in foreclosures!

[kymike]

if you own a house now its going to be hard to get a good interest rate and they will want a big down payment they wil;l consider and invesment or rental property i am looking at buying a forclosed house they want 20percent down and the best interest rate i could get is around 7percent or they wanted me to put my house up as collateral  and i didnt want that because i only owe a few more years on it i was suprised i thought it would be alot easier to get a loan right now the money is there to get they are just being a lot tighter with it wich is a good thing we might not be in the mess we are in now as a country things might be different were you are at but its tight around us good luck