Everyone is aware of the current real estate crisis and increased foreclosures going on in the States. But what many people may not be aware of, is that there are some great values available if you are looking to purchase a house or property. Whats different now then in the past, is that not only are numbes of foreclosed at all times highs but the quality is much higher as well.

If you are considering buying a foreclosed home from a government auction then you couldn’t be lookin at a better time then now. Before you do though you should be aware of the advantages and disadvantages of buying foreclosures over using a realtor for a non-foreclosure property.

Some of the pros of purchasing a foreclosed/pre-foreclosed home are:

- The main advantage in purchasing a foreclosed home is the below market price.

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

- Many more different types of homes to choose from then in the past.

- No middle man (Realtor) to have to go through or additional fees to pay (although you should consult with someone along who can inspect the home(s) for you).

- Insurance is optional. Results in additional monthly savings.

- Great investment opportunity (i.e. rent out or flip that house)

- Less risky then the stock market, as you own something tangible

Disadvantages:

- A mortgage could be hard to obtain, unless you have borrowing leverage

- You need to be aware of any existing liens, judgements, or unpaid taxes still on the property.

Making sure that the foreclosed home you’re interested in is clear of all debt is one of the most important things you should do homework on. After that, find out what types of payment plans are allowed, and have any required financing in place beforehand. Obviously any additional savings you may have will help.

Government auctions happen everying held every week throughout North America. You can locate detailed information regarding auctions on the web. Some sites will even show you previews of the houses that will be available at the upcoming auctions. Buying an estate through a government auction could be very fulfilling, but as I already mentioned do your homework. You may want to watch the bidding only at first visit to a government auction. You should be acquainted with how government auctions work before finally deciding to buy your own home.

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My brother bought the furnace in this house for my dad about 10 yrs ago and installed it. He purchased it from an auction along with 3 just like it. He owns a lot of real estate, so he does stuff like this all of the time. I have replaced the surface ignitor in this furnace about 7 or 8 times. Earlier this winter, I hired a plumber to come re vent it out the new roof I just had put on because it wasnt vented right and was carbon monoxide poisoning me. I put carbon monoxide detectors in the kitchen and hallway. The latest problem is the blower does not come on and I can smell a hot burning smell come up out of the vents in the living room. I can hear the furnace come on, then within a minute, I can hear the fire come into the furnace, then the blower motor takes forever to come on and when it finally does, I can smell a hot smell coming out of the vents. My brother told me to go into the basement and see if the fire was going into the tubes and it was. He thought there might be a leak. He asked me if the fire was blue and it was with a few yellow spots. I just need to get rid of this furnace before it kills me. Do you know anything or where to start?

What to do!? He thought that in MO he had another yr, but it seems that the law was changed in 2002 w/o his knowing!
The tax assesor himself bought the house on a “Courthouse steps” type of auction. My friend has multiple schlorosis & has put a lot of work into this house!
He offered to pay the man back what he paid, but the he wants thousands more…any ideas on what to do!?

With the current fee system on ebay, is it better to do a multiple quantity auction (dutch), or actually list many separate auctions with a quantity of 1? I am having trouble understanding the fees, but it doesn’t seem like multiple separate auctions would cost much more, and you get the benefit of extra real estate/exosure within the item listings. I’m selling items that cost $40.

I’m looking for ones in the GTA (Greater Toronto Area) and east of there (Oshawa-to-Kingston). Trying to find ones where they have things like autos, real estate, jewelry electronics and boats. Thanks.

i bought a home from a private individual and the contract says that she has 90 from closing to remove her items etc, can i still be living in my new home and move her things out in the garage. she is wanting to have an inside auction and keep all the furniture in the bedrooms and the basement, and im painting all the walls and the ceilings and etc, putting up all new lights and carpet and have tons of repairs and improvements to make to my new home, it has come out in the paper and she has her money for the house, but refuses to change utilities from her name to mine until she is done. i dont feel she even has enough stuff for a three hour auction and people will be in my house with new paint and carpet etc and should some one get hurt or damage my house, during the auction, whom is responsible?

We are would be first time investors in real estate and have been studying up the various stages of foreclosure and the ways to buy. We thought we had enough to buy one property for us, and another as an investment, but having learned more about this market generally, and wanting to keep away from the lower priced, lots of repairs options, we are starting to get concerned about our ability to fund this grand plan. We will be able to get a line of credit on the home we would buy as a residence though. What other options have we got when we haven’t time to raise a mortgage to close a deal?

A few months back I found land for $10,000 in Spring Texas on e-bay, but did not have the savings back then and have had no luck finding similar values so far.
I am just looking for a basic .5 acre-or-larger lot to invest in (and later build a home on).
Are there any online sites, real-estate, auction, or otherwise that would sell land in that price range (that wouldn’t be more than 30 miles outside the city), for a clear title?

I need to add a little more detailo than I had in my last question. There is a tract of land. The owner is willing to auction it. My company has agreed to pay the auction fees (in excess of $50k) and secure the best auction house for the task. Would it be necessary to form a separate entity to coincide with the joint venture or would a joint venture agreement be sufficient? I’m an investor but no longer hold a realtors license. I want to be able to recoup my investment and profit from the transaction without having to have a realtors license.