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Archive for 'Foreclosure News'

How long does the bank take to get back on a foreclosed home?

March 8, 2010

We put a offer in for a foreclosed home, 2 weeks ago. We still have not heard anything yet. The list price on the property was 72K and we offered 65K. This property had been on the market for nearly 200 days. Just wondering when we should let go of that [...]

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Can a Realtor increase the price on a foreclosed home?

March 5, 2010

I saw a specific foreclosed home that I was very interested in on multiple foreclosed websites. I found the Realtor selling the home, then when I checked the website for the Realtor’s listing of the home she had the price $60k higher then on the foreclosed websites that I had seen.

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How Low are banks willing to go on foreclosed home?

I am looking into buy a foreclosed home. The asking price is $154,000. The home was built in 1790, and is need of a lot of work. It’s a 7 bedroom 2 bath, and has always been my dream home, and because it JUST went up for sale, I’m trying to jump [...]

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How do you feel about purchasing a foreclosed home?

February 27, 2010

I’m just kind of curious about whether most people would feel okay (morally) purchasing a home that was foreclosed on another family. In other words, do folks view it as benefiting from someone else’s misfortune?

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