auctions
Buying A Short Sale Headed for Foreclosure, Buy Now or Wait?
While planning to buy a short sale the house moves to foreclosure. Should you buy the home as a short sale or try to buy the foreclosed home at a foreclosure auction? Is it better to buy now or wait? Foreclosure auctions don’t guarantee a cheaper price and you might not get the home as you would in a short sale. When buying a short sale the buyer will know if they get the house or not.
HUD Bidding Process: How Does the HUD Bidding Process Work?
How does the HUD Bidding Process work? For all HUD homes, there is an automated bidding process to purchase a HUD home. Buyers who want to purchase a HUD home for a primary residence usually have a lead over real estate investors. A HUD certified real estate agent can help you purchase a HUD home through the HUD bidding process.
Want to Raffle Your House? Mostly, You Can’t
Thinking of conducting a house raffle to unload your house instead of selling it? It’s illegal for homeowners to raffle off their own house. Instead, you have to work with a nonprofit organization and transfer ownership of the house to them. The nonprofit can then raffle off your house, and you’ll get a tax deduction – not cash. Here are more details on house raffles.
Foreclosures Increase 24 Percent In First Quarter 2009
In the first quarter, the number of foreclosures increased 24 percent from a year earlier, reported RealtyTrac today. One in every 159 homes received …
Foreclosures Increase 9 Percent In First Quarter Of 2009
The number of foreclosures increased 9 percent in the first quarter of 2009 from the last quarter of 2008. They rose nearly 24 percent from a year ear…
Choose Auction, Not Lottery and Not House Raffle, When Selling Your Home
Thinking about a house raffle or selling your home using a lottery?
While selling your home through a lottery or house raffle may seem appealing, it is illegal in most states. If you’re desperately selling your home, you may want to auction off your home instead. Learn why selling a home via an auction is preferable to selling a home using a lottery.
Inheritance Timeshares: How To Resell
If you are the administrator of an estate, what is the best way to resell timeshares that were part of the deceased’s assets and the inheritance of the deceased’s beneficiaries? Timeshares are very difficult to resell. You may want to timeshares to the heirs as part of their inheritance and having them resell them.
Auctions Sell Homes Quickly In Tough Housing Market
If you’re eager to sell your home in a tough housing or real estate market you may want to try an auction. Unlike lotteries, which are illegal, using an auction is an acceptable way to quickly sell your home. To auction your home you need to use a real estate auction company or a website such as eBay.
Buying Property At Auctions
Buying property at auctions can result in a great deal, but it’s also easy to make a bidding mistake and end up paying too much or getting property you don’t want. You’ll sign papers for the property immediately, so bringing an attorney to the auction with you is a good idea. It’s also a good idea to visit a few auctions as a spectator before committing to buying.
Creditors Collect Assets Owned By Incarcerated Debtors
Can a creditor put a lien on your house or property if you’re in jail? If a creditor is able to get a judgment against a debtor, the creditor can go after assets owned by the debtor: bank accounts, cars and real estate. Whether you’re incarcerated does not matter, but most states have time limits for creditors to pursue judgments against debtors.
