Comments on: Foreclosures, FHA and Tax Credit Timelines and a Look at 2010 http://www.realcentralva.com/2010/02/01/jim-duncan-wina-radio-january-2010/ Tracking Charlottesville's Real Estate Market since 2005 Sun, 12 Feb 2012 23:56:00 +0000 hourly 1 http://wordpress.org/?v= By: Jim http://www.realcentralva.com/2010/02/01/jim-duncan-wina-radio-january-2010/#comment-29390 Jim Tue, 02 Feb 2010 12:42:54 +0000 http://www.realcentralva.com/2010/02/01/foreclosures-fha-and-tax-credit-timelines-and-a-look-at-2010/#comment-29390 Downtownenvy - Thanks for the comment. Foreclosures, when listed in the MLS, are not that much different than regular houses other than the addenda from the bank disclaiming that they've never lived there, they don't know about any potential problems, they likely won't make repairs, and that they <i>really mean</i> everything on all those pages! At auction, that's a different story, with the potential for liens, clouded titles, etc. I'm trying to put together a post on purchasing foreclosures ... Downtownenvy -

Thanks for the comment. Foreclosures, when listed in the MLS, are not that much different than regular houses other than the addenda from the bank disclaiming that they’ve never lived there, they don’t know about any potential problems, they likely won’t make repairs, and that they really mean everything on all those pages!

At auction, that’s a different story, with the potential for liens, clouded titles, etc.

I’m trying to put together a post on purchasing foreclosures …

]]> By: downtownenvy http://www.realcentralva.com/2010/02/01/jim-duncan-wina-radio-january-2010/#comment-29382 downtownenvy Mon, 01 Feb 2010 17:36:31 +0000 http://www.realcentralva.com/2010/02/01/foreclosures-fha-and-tax-credit-timelines-and-a-look-at-2010/#comment-29382 Jim- the husband and I liked this broadcast a lot. Very informative as usual. Are you steering your first time buyers away from foreclosures in regards to the FHA and tax credit deadlines, or is their time to try and deal on foreclosed homes at this point. Just wondering because I always assume there is a lot more paperwork and research affiliated with purchasing a foreclosure? Thanks. Jim- the husband and I liked this broadcast a lot. Very informative as usual. Are you steering your first time buyers away from foreclosures in regards to the FHA and tax credit deadlines, or is their time to try and deal on foreclosed homes at this point. Just wondering because I always assume there is a lot more paperwork and research affiliated with purchasing a foreclosure? Thanks.

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