How To Buy Foreclosed Homes For Sale

i want to buy a home but i have no down payment and i have fair credit. I am a first time home buyer so i was thinking in maybe getting a bank owned home. another thing is i have a lease in my apartment and what if i find a house before its over, what happens then? can any one help. I could really appreciate it. thank you for your time.

I have been up to the courthouse twice and still have a hard time figuring them out.They list an amount and I assume that is what they either want to get out of the property or is that what is owed on the property.Also how do you contact someone about these.They have a law office usually listed but they dont seem to be of any help.Can they not give out that info?What is the best way to find a contact person on these listings..Thanks for any help you can give me on understanding this paperwork..

Hell can anyone tell me what site can I go to view foreclosure homes in Georgia for free. All the sites that I went to want to charge a fee or I would have to sign up for a trial, and I don’t want to do that because I might forget to cancel the trial. Thank you and have a bless day.

We have lived here for three years, and painted the entire apartment in vibrant colors. Since my landlord is in foreclosure, am I required to repaint the apartment, or does the bank take the property “as is?”

I want to make sure the following paragraph from Fannie Mae on an addendum to a purchase contract doesn’t mean I have to pay costs not customary to a standard purchase:

"The purchaser and the seller agree to prorate the following expenses as of closing and funding: municipal water, utility charges, real estate taxes and assesments, common area charges, condominium or planned unit development or similar community assesments, maintenance fees and rents, if any. In determining prorations, the funding date shall be allocated to the Purchaser. Payment of special assesment district bonds and assesments, and payment of HOA or special assesments shall be paid current and prorrated between the Purchaser and the Seller as of closing date with payments not yet due and owing to be assumed by the Purchaser without credit toward purchase price. The property taxes shall be prorated based on an estimate or actual taxes from the previous year on the property…."

Please let me know if it means I have to pay any charges prior to the day of purchase.

THANK YOU!
I meant would I be responsible for any not customary charges at closing different than buying a non-foreclosure based on the above paragraph…

Ben Smith had this cute little piece out on 16 July of this year on the Raines – Obama connection.
An ill-timed — for Obama — profile of former Fannie Mae CEO Franklin Raines, forced out in an accounting mess a few years ago.
The Style Section piece reports that he’s recently been taking "calls from Barack Obama’s presidential campaign seeking his advice on mortgage and housing policy matters."
Taking calls? Doesn’t that mean Obama has been calling him? The McCain Campaign had a nice video out on the connection between Obama and Raines. And there is another video out of Fannie Mae head Daniel Mudd praising Obama.
So who is Daniel Mudd? I think it will come as no surprise that he lives in a Mudd hut. A 22-room Mudd hut. Evidently ripping off the taxpayers pays very well. Very well indeed.
As more than a million US homeowners face devastating mortgage foreclosures, ousted Fannie Mae CEO Daniel Mudd continues to live in an opulent Washington, DC, mansion replete with expansive gardens, servants’ quarters and a home theater.
Mudd, whose former company is being bailed out by billions in taxpayer dollars, calls home a 22-room Colonial mansion on Newark Street in tony Cleveland Park, built on the former property of President Grover Cleveland.
The eight-bedroom, eight-bath pad includes large public rooms with fireplaces, a home theater, a gym, a wine cellar, a solarium, servants’ quarters, a terrace off the master-bedroom suite, and a gourmet kitchen.
The gated, landscaped property also features a pool, fountains, gardens and a guesthouse.
The property is so lavish that some company employees dubbed it "Mudd Manor."
And they’re furious that the executive at the helm of the ship as it sank into profound crisis has surfaced relatively unscathed, at least for now.
"Hey, he lost his limo and corner suite [at the office], but Mudd Manor is not a bad place to contemplate your next move," said a bitter Fannie Mae employee who requested anonymity.
"Most Fannie Mae employees are reeling from their employee stock-option-plan account balances’ going to cents on the dollar."
So the little people get fleeced and the big guys walk.
That Obama has some really swell friends.

Also can you help me understand what a tax lien property is and it’s buying process and foreclosure’s buying process, which is better?

1.Is the Initiative, Referendum, or Recall used in Florida????
2. What unit (or units) of government can enact regulations about each of the following:
a. Construction and use of sidewalks?
b. Layout and construction of county roads?
c. Safety on highways?
d. License the sale of intoxicating liquors?
e. License teachers in public schools?
f. Provide fire protection?
g. Protect property from theft or burglary?
h. Coin money and control the issuing of paper money?
3. How many state judicial districts are there, in Florida?What are the boundaries of Florida judicial district?
4.Who is judge of Florida judicial district? How was he selected? What is the length of his term?
5.Which of these courts are found in Jacksonville: Police court? Municipal court? County court? Justice-of-the-peace court?
6. Is there a juvenile court in Jacksonville? What kinds of cases does it handle?

if you could help that would be AWESOME!

thanks!
-V

Which company did you use? What were the fees? What options did they offer? And most importantly did their services actually help?

Thank you for your personal testimonies!

How can I see all the forclosed/bank owned home in may area? I live in Genesee County, Michigan.