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Six Foreclosure must-reads: Part I

Fri, Nov 21, 2008

Consumer Tips

It seems like foreclosure properties are on everyone’s minds these days. Since we released a two-part foreclosure special edition six months ago, home owners and buyers on Trulia haven’t been able to get enough of tips and tricks from foreclosure experts on Voices.
Whether you’re trying to save your home or thinking about buying a foreclosure property on Trulia, we’ve rounded up six must-reads to help you learn how to manage foreclosures, especially in today’s market.
See foreclosure tips
Search foreclosure properties on Trulia

How to avoid foreclosure

Loan Modification Help-What about those Upfront Fees?
Already struggling homeowners who are seeking loan modification help are finding out that any assistance from a loan modification company comes at a steep price… see more or reply
Written by Susan Gregory, Real Estate Professional, Dana Point, CA
More tips:
Q: I am 2 months behind on morgage my payment is almost 1,800.00 dollars a month, i want to do a loan
Tip: Use the keywords “avoid foreclosure” and “modify loan” to get more tips here.

How to find & buy foreclosures

So you want to buy a foreclosed home
With all the bank owned properties out there, is this the right market for you… The first thing you need to do is be pre-approved for a loan. No bank will look at your offer without it…
see more or reply
Written by Scott Godzyk, Real Estate Professional, New Hampshire
More tips:
Q: How do you purchase foreclosures? Can the previous owner reclaim the property later?
Tip: Find foreclosure homes on Trulia. Enter a city and select just the “Foreclosure” listing type on the left.

How to navigate auctions

What Happens at Foreclosure Auctions
Continuing to dispell myths about real estate auctions… leading up to a foreclosure auction, someone who has a lien against the property has exercised their right to foreclose…
see more or reply
Written by Vicky Chrisner, Real Estate Professional, in Dulles, VA
More tips:
Q: Is it true that once my home is BANK OWNED I can no longer be able to buy it back?

Did you know… You can get email alerts when new foreclosures are listed? Enter your city, then click “Email me…” at the top of the page to sign up.
enter your city here
Celebrity Home Sightings Ι Get your superficial fix here.
Paul
Filmmaker Paul Haggis, known for the recent ‘Quantum of Solace’, ‘Casino Royale’ and ‘Crash’, buys discreet LA pad
Sold for $2,365,000
3br / 2ba / 2,262 sqft
Kelsey
‘Cheers’ and ‘Frasier’ star, Kelsey Grammar, lists his Bel Air estate for only 300K more than purchase price
$4,350,000
5br / 5.5ba / 6,000sqft
Nicholas
Nicolas Cage lists yet another home, a 12 bedroom country-manor-style estate in Rhode Island
$15,900,000
12br / 10.5ba
Advice & Opinions Ι Get insightful, fast, FREE advice on home buying & selling
Blog of the week
Selling your home in a challenging market
1) Curb appeal 2) The eyes of the first time home buyer 3) Get rid of toys… See the rest of this Top 10 List
Written by Mark Chesnick, Real Estate Professional in Evans, GA
Question of the week
Q: I have a very good to excellent credit score, can’t I finance 100%?
Asked by Steve, Home Buyer in Tampa, FL
A: : I have been involved in three 100% finance transactions this year and it depends on the situation. Two of them were VA loans where the seller agreed to … see more or reply
Real Estate Eye Candy Ι Trulia picks
Live like James Bond Whether it’s pulse-pounding stunts and expensive cars, or the guarantee of sly villainesses and witty banter, the 007 series never fails to entertain. Inspired by the drama and extravagance of the Bond films, we picked four homes ranging from classic European-style retreats to sleek urban lofts. Highlights include 20-foot full-glass walls, breathtaking views, exquisite terraces, fireplaces, a home theatre, white marble baths and — of course — the requisite martini bar. See for yourself!

Find more homes


New York, NY
$1,565,000
2br / 2ba / 1,245 sqft

Miami Beach, FL
$3,495,000
2br / 2.5ba / 1,800 sqft
Cherry Hills Village CO
$4,295,000
6br / 8ba / 7,280 sqft

San Diego, CA
$1,789,866
4br / 4ba / 4,500 sqft

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This post was written by:

Elain, marketing specialist - who has written 42 posts on Trulia Blog - Real Estate Blog.


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  1. Florida Real Estate Links Says:

    […] Six Foreclosure must-reads: Part I Continuing to dispell myths about real estate auctions… leading up to a foreclosure auction, someone who has a lien against the property has exercised their right to foreclose… see more or reply. Written by Vicky Chrisner, Real Estate … […]

  2. Things to Look for When Buying a Foreclosure Property | Mortgage Info blog Says:

    […] post(s) Foreclosures Foreclosure Property How to buy Foreclosure […]

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