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Foreclosure Real Estate Richmond Va Article
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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Outdated Information
Some lists aren't updated frequently enough and the information is outdated.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.
Foreclosure Real Estate Richmond Va News
Virginia property where Secretariat born is sold
RICHMOND, Va. (AP) — The Virginia property where Triple Crown winner Secretariat was born has been sold at a foreclosure auction for nearly $5.35 million.
Read more...Birthplace of Secretariat sold at auction
The Virginia property where Triple Crown winner Secretariat was born has been sold at a foreclosure auction for nearly $5.35 million. Mark Motley of Motley's Auction & Realty Group said the State Fair of Virginia's real estate, including the 360-acre Meadow Event Park site where Secretariat was born in 1970, was bought Tuesday by Mark Lovell of Cordova, Tenn.-based Universal Fairs.
Read more...Hometownstations.com-WLIO- Lima, OH News Weather SportsVirginia property where Secretariat born is sold
RICHMOND, Va. (AP) - The Virginia property where Triple Crown winner Secretariat was born has been sold at a foreclosure auction for nearly $5.35 million.
Read more...Secretariat's first home sold at auction
The Virginia property where Triple Crown winner Secretariat was born has been sold at a foreclosure auction for nearly $5.35 million.
Read more...State Fair of Virginia site sells for $5.35M
The State Fair of Virginia property in Caroline County has been sold at a foreclosure auction for nearly $5.35 million.
Read more...Site of State Fair of Virginia up for auction
The Caroline County farm that's been the site of the State Fair of Virginia is up for auction.
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Read more...Virginia State Fairgrounds Complex to be Sold at Auction
The 331+ acre complex, Meadow Event Park, has been home to the State Fair of Virginia since 2009 and will be sold at a foreclosure auction on May 22, 2012. This live auction will be accompanied by an online auction of equipment including tractors, industrial lawn equipment, animal pens and shop equipment. The auction will be conducted by Motley’s Auction & Realty Group based out of Richmond, VA ...
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