I'm renting now, but I'm ready to jump into the Real Estate market and purchase my first home. I'd like to know where and how to get in touch with bank representatives who control the lists of homes that have been foreclosed on.
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I'd also love to know about buying a home that has been repossessed by the bank for non payment on the mortgage. I mean I know it sounds terrible for the previous home owner, but it ends up going on the market again sometime . If there are people out there who are behind on their mortgage payments and may possibly be open to selling their home, rather than have the bank foreclose on them. I think they should try to find a buyer to bail them out and sell their home. In doing this they save their credit and regain some of their equity which thay have in the home.. Just my thoughts on the subject.
BeBe
It seems to me that only the building and construction contractors or the people who have inside connections with the banks foreclosure department representatives are the ones who have first crack at the real deals in the desirable areas in the hign end Long Island neighborhoods. I think they should have local public auctions open to all and publicized and advertised to the masses.
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