Foreclosures and Renters: What Are Your Rights?

When you hear about foreclosures on the news or read about foreclosures in the newspaper, you will see that most of the attention is placed on the homeowner in trouble. Unfortunately, it seems as if renters have simply just been forgotten. That doesn’t, however, mean that they are exempt from foreclosure related evictions. If you are a tenant of a rental property, foreclosure should be a concerned of yours.

The most common fear of renters is coming home to a sign on the door stating that they must be out within twenty-four hours. Typically, this will not happen. Many states have laws that are designed to prevent this from happening. Although it does vary, depending on the state, banks are usually required to post foreclosure notices on the building within twenty days. These are notices that you should be able to spot.

Houston Foreclosures – Visit an Auction Or Use a Realtor?

By Doug E Smith

I’m sure you’re aware of the real estate and foreclosure crisis going on in the United States. Because of this, there is an excess of homes on the market. Obviously some properties will be run down in unappealing neighborhoods as usual, but what’s different this time is the surprisingly increasing number of well kept and even executive style properties that are up for sale for pennies on the dollar.

There are some great values out there but in order to take advantage of them you should first be aware of both the advantages and disadvantages of buying a foreclosed home at a government auction versus the conventional method using a Realtor.

Here are some advantages to purchasing a foreclosed or pre-foreclosed home:

- Price is the number one reason to purchase a foreclosure.

- Many homes are in good condition for much less than their market value.

- Variety and selection ..

Source: government auctions

Homebuyers: What You Need to Know About Foreclosures

Are you looking to buy a new home? If you are, you may examine the online websites of real estate agents or pick up copies of their printed brochures. Of course, this is a great way to find and buy a new home, but there is another step you may want to take. That step involves reviewing foreclosed properties available for sale. In a time where foreclosures are on the rise, you may be surprised just how affordable they are to buy.

One of the most common questions asked by perspective buyers is what causes a property to enter into foreclosure. Typically, there is nothing wrong with the property itself. In fact, the current or previous homeowners may have taken great care of it. Foreclosures occur because of financial difficulties. These difficulties may include an injury that prevents someone from working, being ..

Source: Finance

Homebuyers: The Pros and Cons of Pre-Foreclosure Sales

Are you looking to buy a new home? If so and if you are on a limited budget, you may use the internet to research foreclosures. The sale of foreclosed properties is on the rise, due to their affordable prices. Somewhere in the mix, you may find homes for sale that are in the pre-foreclosure stages. As you can likely gather from the name, these are properties that are headed for foreclosure, but not yet there.

As stated above, some pre-foreclosure properties are listed available for sale online. These may appear on foreclosure listing websites, but not always. There are two main ways in which pre-foreclosures are sold. A real estate agent is used or the current homeowners list the home as for sale by owner. As for who you should do business with, it depends on your own personal preference.

One ..

Source: Finance