Real Estate

[NY Mane]

Do you guys include the equity of your home into the net worth calculation?

Are you worried that you might not get that equity when you sell your home?

[dhunter]

I don't understand this post. How could you not get your equity?

[NY Mane]

Originally Posted by dhunter

I don't understand this post. How could you not get your equity?

I guess it depends on the region and market. In Ohio, I know 5 people who sold their homes last year and barely broke even. It is a buyer's market still. Now if you are selling and then buying another one then you kind of get that money back by lowballing the seller. Foreclosures are increasing because of the interest only loans.

[TN TITAN Fan In STL]

Is There A Good Website That Sells Foreclosure Only Homes ?

[Romanowski]

Originally Posted by TN TITAN Fan In STL

Is There A Good Website That Sells Foreclosure Only Homes ?

no you have to do more work than that

[Romanowski]

Originally Posted by dhunter

I don't understand this post. How could you not get your equity?

agreed

[NY Mane]

Originally Posted by TN TITAN Fan In STL

Is There A Good Website That Sells Foreclosure Only Homes ?

It is public knowledge. Your county Auditor website discloses all of that info. I can tell you who received their 1st notice of foreclosure from Friday. Call them or knock on the door and ask them to sell before the bank seizes it. Once it is seized their credit history is shot to hell.

[NY Mane]

Originally Posted by Romanowski

agreed

Guys, depending on where you live the real estate market is not guaranteed.

In my area, if you bought a house at market value in 2005 and then sold in 2006 you were barely making enough to cover taxes and realtor fees.

[dhunter]

Originally Posted by NY Mane

Guys, depending on where you live the real estate market is not guaranteed.

In my area, if you bought a house at market value in 2005 and then sold in 2006 you were barely making enough to cover taxes and realtor fees.

then dont sell it. hold onto it and wait for it to pick back up.

[NY Mane]

i agree, but some people think they will automatically make money in real estate

[jrobie79]

i know this is off topic, but damn Mane what a great avatar, truely one of the most underrated bands of all time, nothing gets me like nico singing all tomorrows parties

[NY Mane]

yeah, i love the velvet underground...the 1st album is good, but the last one, "loaded" is underrated

[jrobie79]

so where do you find this website of the county auditor, im actually goin to school for construction management and graduating soon, id be real interested in starting to do some of this.

[NY Mane]

My bad, I gave you wrong info. This is how you search for foreclosures:

Whatever county you live in just Google, _____ County Court Records. Then search by Civil Cases. My county gives you the option to sub-sort by case type in which I would select "foreclosures."

Most counties are online with this info. If yours is NOT then take a trip to the court house and search there. It is public info so they cannot tell you no.

Let me know if you have more questions.

[jrobie79]

couldnt find it, some website wanted to charge me to search for that stuff, i dunno if u have better luck Mane:, essex county massachusetts.