However, they are in the final stages of foreclosure, are divorcing, and need a quick sale.3.

What information does city/town hall give you when you look up a property? Liens, encumbrance?, etc... Also, how do you put a house under contract?

Thank you

They then usually list the property through a realtor.A short sale is a technique in which the seller still owns the property but is normally behind on payments or facing foreclosure.

Not only is marketing to people facing foreclosure perfectly legal in Texas, I'd recommend it.I have this irratating habit of asking why when told that I can't do something.

I had submitted an offer on a pre-foreclosure last year.

Lack of understanding and a lack of financial planning for the future (and the natural decline of the housing markets) is what has led to the current level of foreclosures around the country today.The Pay Option Arm, like Ryan stated, is an adjustable rate mortgage with a variety of payment options (in most case 3).Option #1 is the full principal and interest payment (same as a 15 or 30 year fixed).Option #2 is the fully indexed Interest only payment, where you are simply paying the interest generated that month for the loan (same as an Interest only Mortgage).Option #3 is the minmal Interest payment (at a rate of around 1% to 3%).

p=18568&highlight=#18568On a side note, I find and research my pre-foreclosure opportunities at my local courthouse.

Hello I am doing just about anything to be able to find a group or individual that can provide a stream of rehads, foreclosure, preforclosures etc for 2007let me know if you know any organization in Central Florida that can help me accomplish thisBW

The actual mortgage lien that is filed will include the original note amount (which is always useful), the lender, the mortgagor, and the deed date.You can also find foreclosure notices at the courthouse.

With a glut of inventory already on the market in most areas; the subprime fiasco causing lending practices to tighten (thereby shutting a lot of potential buyers out of the market); a looming avalanche of foreclosures; and a pending recession; who are you going to flip to?