03-21-2007, 01:56 PM
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#1 |
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Savings Advisor
Join Date: Aug 2006
Location: Central CT
Age: 32
Posts: 761
Rep Power: 7  |
Where to find foreclosure homes?
Rising rates seen triggering foreclosures - Real Estate - MSNBC.com
With all kinds of foreclosures happening now from the boom and people not being able to afford what they bought, there's going to be a ton of homes for sale cheap pretty soon. Where can i get a list of these? |
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03-22-2007, 09:18 AM
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#2 |
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Super Moderator
Join Date: Aug 2006
Location: West Coast
Posts: 773
Rep Power: 7 |
not only can people not afford the homes, but the lenders are in trouble because they don't have enough to cover the loans if they were all to default. the lenders are losing backing to the big dogs that have holding such as schwab and merill. and the big dogs WANT the homes to default so they can take them for dirt or resell the loans at 14% or 15%.
This is going to get messy. i'll see what i can find on home foreclosures. |
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06-22-2007, 05:39 PM
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#3 |
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Greenhorn
Join Date: Jun 2007
Location: SoCal USA
Posts: 10
Rep Power: 0 |
Update - read the paper, they're everywhere. But, you still have to legitimately qualify.
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06-23-2007, 10:54 AM
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#4 |
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Savings Advisor
Join Date: Aug 2006
Location: Central CT
Age: 32
Posts: 761
Rep Power: 7 |
unfortunately, i'm in the process of buying a new construction. lol
oh, how unfortunate i am 
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06-23-2007, 10:57 AM
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#5 |
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Greenhorn
Join Date: Jun 2007
Location: SoCal USA
Posts: 10
Rep Power: 0 |
first phase new construction is the best. Congrats. You'll make lots of money.
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06-23-2007, 11:02 AM
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#6 |
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Savings Advisor
Join Date: Aug 2006
Location: Central CT
Age: 32
Posts: 761
Rep Power: 7 |
its not first phase, its final phase.
but i stopped them before they put the rugs in and appliances...... and i talked 'em down 80 grand 
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