Home Foreclosure Listing Best Way to Find Your Dream House
A home foreclosure listing may be the best way for you to find the house of your dreams or to start building a real estate empire. You can find a home foreclosure listing on the internet. There are a variety of free sites with individual bank listings. If you are serious about finding a home in this way though, you may wish to purchase a subscription service that combines lists from all over the internet.
There are many different kinds of listings. Pre-foreclosure home foreclosure listing is one that lists homes where the homeowner is behind on their mortgage payment. While traditionally people got behind on their mortgages when they lost their job or had major medical issues, currently many homeowners are in trouble because of badly written loan agreements.
When home prices were on the rise, many mortgage brokers wrote stated income or liar loans. These loans had introductory teaser rates of one or two percent. Some even included a period where the homeowner paid interest only. Of course, after a couple of years, this introductory period was up. The assumption was that at this point the homeowner...