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Frequently Asked Questions About Foreclosures

Many Investors, Realtors and customers inquire about how foreclosures work, where to find foreclosures, etc. Below is a list of the most commonly asked questions. Not all states have the same foreclosure laws so please refer back to the appropriate state. The foreclosure information regarding these questions are specific to the Washington, DC Metro area for Virginia, DC and Maryland.

How do I find foreclosures going to auction?
Check the major and local newspapers for auction announcements in the legal notice section. Notices are also posted at the entrance to the courthouse in the County or City where the home is located.
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Focus on Foreclosure Part 2 Finding Gold at Foreclosure Auctions

In part one, we talked about how to do preforeclosure investing, which essentially means to help a homeowner stop the foreclosure process. For a variety of reasons, this strategy doesnt always work. The homeowner may wait until its too late, may not be willing to negotiate, or may not even realize this is an option. Or the lender may not be willing to work with you on the deal. Whatever the reason, if the foreclosure isnt stopped, a judgment is entered, and the property is put up for sale at auction.

The auction will be held at the local courthouse or another location depending on the laws of the particular state. Typically, the date, time, and place of the sale is published in the local legal notices. Your county clerks office can provide you with the information you need to attend and buy at the auction.... View the rest of this article by visiting BuyerBeWhere.com at the link above...


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