Any real estate experts who know about foreclosures?

[jinduy]

http://www.foreclosure.com/search/CA_037.html

just snooping around for prices some prices on houses get slashed by a significant amount. i was wondering if there's any additional price on top of the red price that is listed that you have to pay...

anyone know?

 

[microAmp]

The house my folks bought was foreclosed, bank was asking 70,000'ish and they bid in 47k, in 1989 or so. They never told me about any additional fees. You can find some good deals, now days in Austin they go quickly, around here you can bid 18% less than asking.

 

[jinduy]

interesting... good for your parents

i'm just curious if a house is listead at say $200k and the house was originally valued at 500k, do i just pay 200k and that's it or do i pay 200k on top of other payments/fees that the original owner couldnt handle.

 

[imported_weadjust]

Good foreclosure deals are few and far between. I bought one in 1994 but it had fire & smoke damage from a kitchen fire.

 

[bennylong]

Do they jack up the price when you tell them you're interested? $28k for a condo in Pasadena?

http://www.foreclosure.com/listingdetai...ien&tl=deal&bdi=&ci=&listingid=5460004

 

[jinduy]

Originally posted by: bennylong
Do they jack up the price when you tell them you're interested? $28k for a condo in Pasadena?

http://www.foreclosure.com/listingdetai...ien&tl=deal&bdi=&ci=&listingid=5460004

yeah seriously... $154 a month? i can live with that.

 

[bennylong]

Look at this one, $700k house selling for $132k. Good bad you would never get it at $132k
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http://www.foreclosure.com/listingdetai...ien&tl=deal&bdi=&ci=&listingid=6076584