Welcome to Real Estate Foreclosure Guide
Charles County Maryland Real Estate Foreclosure Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Risks Of Free Real Estate Foreclosure List
from:It seems like everyone out there in the real estate business is trying to sell or buy foreclosures. The most used tool used to do this is the free real estate foreclosure list. In some cases, the free real estate foreclosure list is offered on free trial for a membership site, so you can try out their services. You can get get free information from these sites, the city or county, and even government sites like HUD.gov. There are some risks involved in getting information from free sources that you should be aware of before making a final decision.
Outdated Information
Some lists aren't updated frequently enough and the information is outdated. This can cause problems if you spend a lot of time researching a specific property on the free real estate foreclosure list, only to find out it is no longer under foreclosure. In between the time the list was created, posted, and subsequently read by you, the owner may have found a way to pay back the bank, gone into bankruptcy (which stops the foreclosure process for a period of time), done a short sale, or sold conventionally. Don't waste your time assuming a property is still being foreclosed if you get it off a free real estate foreclosure list, always double-check its current status.
Insufficient Information
Obviously, the free real estate foreclosure list may not be as comprehensive as the paid ones. You want to be able to get as much information on a property before you buy: the square footage, the comparable market sales, the condition of the property, and the liens that might be outstanding. Even if you pay for a list instead of getting a free real estate foreclosure list, you will want to give the property a visual inspection and even see if you can opt to get a home inspector in too during the buying process. Some foreclosures allow you to do that, but you have to add a special clause to the contract.
Inaccurate Information
Buying foreclosures is a risky business. None of the information on a paid or free real estate foreclosure list is guaranteed. Foreclosures are sold “as is” and can come with huge repair costs and back taxes owed. You have to do your homework regardless of the information you find on a list, since it might be completely inaccurate. It is up to you, the buyer, to verify any information you get from any list, whether it is a paid or a free real estate foreclosure list.
Charles County Maryland Real Estate Foreclosure News
Gazette.Net: Landover industrial portfolio sells for $27.8M
American Realty Advisors of Glendale, Calif., announced that it sold its Columbia Portfolio, a three-building industrial complex in Landover on behalf of a client to an institutional money manager.
Read more...Wealth, reimagined
"Community wealth building" is gaining traction among businesses, cooperatives and non-profits across the country
Read more...Wall Street’s oil scam
Gasoline prices have been falling in recent weeks, but they're still close to their five-year high after climbing steeply for three years. For every penny increase at the pump, $1.4 billion per year leaves our collective pockets , creating a drag on the sluggish “recovery.” Where does it go and what caused the price explosion at the pump? It's a common belief that oil prices are set on the world ...
Read more...Republicans: Wired for homophobia
On May 8, North Carolinians will vote on a constitutional amendment that defines a marriage between a man and a woman as the “only domestic legal union” the state will recognize -- thereby barring LGBT marriage equality. The amendment would also ban civil unions and end domestic partner benefits like prescription drug and health care coverage for the partners and children of public employees. At ...
Read more...Minimum-wage misconceptions
Sen. Tom Harkin, Democrat of Iowa, has introduced a bill to raise the federal minimum wage to $9.80 from its present level of $7.25. Polls are showing many voters in favor, though they are confused about what it would mean for the job market. The truth is that a move would be good for a slow economy and have a positive impact on the job crisis. Naturally, this has led to the usual cries of ...
Read more...