googled and did not find anything that great.

anyone had experience with buying a foreclosed home? where/how did you look. would you do it again? did you end up "gaining" equity?

thanks.

12/12/2005 1:56:50 PM

if no one ends up being able to help, you might talk to zorthage. he came very close to buying one. he didn't b/c it was taken off the market with no warning, and he needed a place before it would have gotten to auction.

12/12/2005 1:59:00 PM

buy them from the bank, otherwise expect to get stuck with all types of bullshit

12/12/2005 2:00:05 PM

^please elaborate. do I go to banks and ask? are there places banks list them? where else would ib uy one from that i should not? what types of bullshit?

[Edited on December 12, 2005 at 2:07 PM. Reason : more specific.]

12/12/2005 2:06:50 PM

http://www.foreclosurestore.com/

If you are serious you can do searches on this site and investigate the properties from there. Of course the condition of the property and doing a title search on it are two of the most important things when looking into a property.

[Edited on December 12, 2005 at 2:23 PM. Reason : ]

12/12/2005 2:22:44 PM

http://www.wakegov.com/tax/realestate/foreclosures.htm

here is a list of foreclosures and when they are sold at auction...remember there is a 10-day upset bid period that you can get in on as well

12/12/2005 2:25:17 PM

^^thanks
^thanks

I am looking in Mecklenburg and Union. Anyone know good sites/people around there?

12/12/2005 3:39:35 PM

http://www.charmeck.org/Departments/Tax+Collections/FAQ/Tax+Liens+and+Foreclosures.htm

for Mecklenburg.

12/12/2005 3:44:17 PM

caveats:
http://money.cnn.com/1999/02/11/banking/q_bankrate/

12/12/2005 5:12:50 PM

http://www.thewolfweb.com/message_topic.aspx?topic=200886

http://www.thewolfweb.com/message_topic.aspx?topic=265765

12/12/2005 5:36:57 PM

http://www.newsobserver.com/433/story/371711.html

This was interesting too.

12/13/2005 4:55:02 PM

make sure the home wasnt used previously as a Meth lab...

pretty common

12/14/2005 1:00:44 AM

The top three ads will go to foreclosure on december 28th

http://classads.triangle.com/index.php?a=19&b[search_titles]=1&b[search_descriptions]=1&b[subcategories_also]=1&b[search_text]=foreclosure&b[whole_word]=0&b[search]=Go&b[by_price_higher]=&b[by_price_lower]=&page=1&c=0&sort_by=none&dir=desc&num_results=20

[Edited on December 19, 2005 at 5:02 PM. Reason : t dub fuxed up the link ]

12/19/2005 5:01:44 PM

Usually, for tax foreclosure, the bank pays the taxes and forecloses itself. However, call the county tax attorney and ask for a list or any info about when he might have an auction.

My friends bought a local tax foreclosure. It needed $60,000 worth of work, but is darling and in a great neighborhood. They made $40,000 when they sold it.

12/19/2005 6:22:49 PM