Where do i go to find forclosed homes or regular homes for sale in a certain radius of where im looking to buy

Im a first time buyer, need to save some money, and i have time to research rather than pay someone. Im finally financially ready, but i have no idea of where to start and what the steps are. Plus id like to learn the RE field. I need your advice. ThanksWhere do i go to find forclosed homes or regular homes for sale in a certain radius of where im looking to buy
Well let me start with most banks on a first time buyer will require the home to ready for move in. In other words if you find a foreclosure that needs work done to it they won't loan until you do the work. Most VA loans do that as well. Now your probably asking how you fix a home before you have a loan on it???





First you have to find the home. Go to your local county tax office and they will have a dockett there that has all the foreclosures listed. Go through the list and find the ones you are interested in and write them down. It will tell how much they borrowed on the home and when they took out the loan so you should be able to figure out pretty close to what they owe with that info.





Next step is to get a garaunteed title search on the home to make sure there are no second liens on the home. If you buy it outright then you are respnsable for outstanding liens or judgements on the home. Thats why this title search is very important. If something comes up they are responsable for it if they garaunteed no other loans. Now you have to go to there houses and offer them a little more than you think they owe. Now by doing this you save there credit and gives them some money to get into another home.





Once you make the deal and everything is settled on you need to get a quit-claim deed and a contract. They will sign the quit-claim. Once they sign this document you will own the home and loan they will own the loan at the bank. Now in your agreement you will be responsable to keep up with the payments on the home. In the contract you will state that you will be putting the home in your name within a years time. This will give you a full year to get everything fixed and the appraisels as well as the rest of the paper work and documents you need together.





I have just given you a very crude and brief idea of how to find the home, take ownership of the home, and never put it in your name. Which will get you around fixing a home before you buy it. Now you can fix it and sell it before the year is up or.....you can buy it for yourself. I hope all this information helps you out. Good Luck!!!!!Where do i go to find forclosed homes or regular homes for sale in a certain radius of where im looking to buy
Realtor.com is a good starting place for already-listed homes. It will also give you an idea at the pricing and variety of various types of homes in a specific area. For Real Estate licensing info, look on-line for the state that interests you, look up state government and find the RE commissioner's phone #. That will get you started. Good luck!