Thursday, November 03, 2011

 

Exclusive "Free" Foreclosure Site For My Dyersburg,Tn Clients

A few years ago I got tired of seeing all the foreclosure sites charging for looking at their foreclosure and preforeclosure houses so I created a site that lets you look for free.

I put together a blogsite that has approximately 90% of all the foreclosures that occur in Dyersburg,Tn and the Dyersburg area. Here is that site link to Dyersburg foreclosures.

The other 10% of the foreclosures will be listed by an agent in our MLS and I will write an article on complete with pictures and information when those come up.

The sites that charge have preforeclosures also but I am seeing what is hitting the courthouse steps as foreclosures and have that information readily available and sometimes write posts on my foreclosure site about those as well. If you have an address and want information about that call Mike at 731-589-7841 and I will tell you what I know(at no cost to you).

I would be remiss if I didn't tell you to use due diligence in buying on the courthouse steps or even after the properties are listed. Always use a real estate attorney to search the title and an experienced Realtor to guide you through the process.

I learned two interesting lessons yesterday about foreclosures.


1. When the house is auctioned on the courthouse steps, all the liens except mechanic,fixture or IRS are removed. An investor I know just got stuck with a fixture lien on a house he purchased 3 weeks ago. Now I believe he will do due diligence and have a title search performed before completing any future purchases.

2. The government (HUD foreclosures) does not have to disclose everything they know about the foreclosure they are trying to sell. First of all you cannot have the utilities turned on but have to rely on the inspection HUD had performed. Please use an experienced Realtor who can help you and your attorney dig up any potential problems. Make sure the Realtor asks the listing agent if there is any additional information that they possess and has not been disclosed.

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