Word Finder - foreclosed

definition

To repossess a mortgaged property whose owner has failed to make the necessary payments; used with on.

example

They have to move out of their house because the bank foreclosed on their mortgage.

definition

To cut off (a mortgager) by a judgment of court from the power of redeeming the mortgaged premises.

definition

To shut up or out; to prevent from doing something.

synonyms

• bar
• exclude
• prevent
• stop

Foreclosure listings Foreclosures and Foreclosed Homes in the U.S. Free Cell Phones cell phone plans Free Zippo lighters Shop for genuine Zippo lighters.

You may want to consider buying foreclosed property.

Foreclosed property is property that is now up for sale due to the fact that the previous owner wasn't able to continue to make mortgage payments on the property.

Other reasons homes get foreclosed on include IRS tax seizures, property abandonment, and real estate tax nonpayment.

There are several steps to ensure that you get the best deal on a foreclosed property.

All will be able to tell you about recently foreclosed property in your state or hometown.

Contact your state or local governmental offices for information on the steps needed to take in purchasing foreclosed property.

Keep in mind that most foreclosed property is sold as is, so there could be many things wrong with said property.

Finding out the best price for a foreclosed property is easier than you might think.

Local real estate agents can direct you to other foreclosed properties in your area with similar prices.

Have your finances together and figure out just how much money you can put down for the foreclosed property.

The easiest way to purchase foreclosed property is from a bank.

Before purchasing any kind of foreclosed property, conduct a title search on the property.

Buying a foreclosed property can be a great way to get a stellar deal on a house.

As always, you must take precautions, but there are special precautions to buying foreclosed homes.

You can search out distributors by type, like Apparel or Footwear, and find Government Auctions where you can load up on foreclosed items.

Remember, if you don't pay off secured debts, such as housing and transportation, they can be foreclosed on or repossessed.

If payments are not made in a timely manner, the home can be foreclosed on even if the primary mortgage is paid on time, every time.

Another distinct advantage participating in the HECM program is that your home will never be foreclosed because of non-payment.

I would like to know what lenders provide financing to those wanting to purchase foreclosed properties, according to some of the R.E.

Armand, there are plenty of lenders willing to provide financing for foreclosed properties provided the value of the home exceeds the amount you will pay.

If possible, do not let your home enter the redemption period because it is near impossible to get financing to re-purchase the foreclosed property in this stage.

Properties are usually brokered through a local real estate agency, and the usual closing procedures will apply when purchasing a foreclosed home offered by Fannie Mae.

When homes are foreclosed, they are often resold at an amount that can be considerably lower than the market value they would have received if sold through traditional means.

The key to a successful purchase of a foreclosed property is to follow some key steps.

A foreclosed home is sold "as is," but you will probably not be able to inspect the interior of the house before you make your offer.

Homes that received government-guaranteed financing can also be foreclosed if the owner does not make the monthly payments.

A foreclosed home sitting unoccupied is not a preferred situation for mortgage lenders.

The Bank of America list of foreclosures allows you to search for foreclosed properties by location or type of house.

It's possible to view every available foreclosed property through Bank of America but it is possible to greatly reduce unsuitable results by specifying exactly what you are looking for.

Purchasing government tax foreclosed properties is an option for investors.

If the applicant has foreclosed on their mortgage within the past three years, they will usually be denied for an FHA mortgage.

If a lender pursues the claim aggressively and institutes legal proceedings shortly after the first missed payment, a homeowner may find their home foreclosed on in less than two months.

The U.S. government has homes that have been foreclosed on through its various agencies, such as VA and HUD.

Investors, individuals and anyone else may buy homes that have been foreclosed on by various government agencies, such as FHA, HUD (USDA and Rural Development) and VA.

First they find a foreclosed and abandoned home and ask the senior to live in the home until a reverse mortgage can be obtained.

The reason here is that in the past, if a bank or lender foreclosed on a home, they could re-sell the home and gain back money lost.

Understanding the process for buying foreclosed homes is essential for individuals who would like to cash in on the great deals that foreclosures may offer.

The process for buying foreclosed homes, while not terribly difficult, does vary from state to state and region to region.

Because a foreclosed home is essentially a home someone else lost due to the inability to pay, the government issues rules on how foreclosed homes may be purchased.

While this might sometimes be the case, the real money saved on a foreclosed home is usually less.

To shop for a foreclosed home and get away with a great deal, you will have to invest plenty of time and effort into the process.

Finding the foreclosed home that you're going to purchase is no easy thing to do, as simple as it may seem.

Of the steps in the process for buying foreclosed homes, simply finding the "right one" is easily the most misunderstood.

Because foreclosed homes sell at less than the actual value of the house, plenty of potential homebuyers are looking to buy one at any given time.

To begin looking for a foreclosed home, try the Internet.

Foreclosed homes are generally the result of a long period of struggle for the former owners.

This means the house hasn't foreclosed yet, but the owner needs to sell the home within a certain amount of time.

Buying foreclosed homes can be a great way to get a good deal on a real estate purchase, but make sure you are ready to devote the time to doing your research and going through the process properly.

Many buyers or investors ask the question, "How do I purchase a foreclosed home?"