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Rasputin
Side Hero Username: Rasputin
Post Number: 5951 Registered: 02-2008 Posted From: 192.146.101.24
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 04:11 pm: |
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http://www.bankreorealestate.com/bank-reo-list Some of the links given here might not work. But, you get the idea. Bank website ki velli REO ani search cheyyandi. Another way to track it is, check your county commissioner's auctions. Maa commissioner's website (www.faycom.info) lo anni details peduthaadu. Past sales lo evaru konnaaru ani. Ikkada Plaintiff/Bank konna homes list choosi, aa bank ki email/call chesi adagadame. Sometimes they will re-direct you to a real estate agent who is working with the bank. |
   
Machomegastar
Side Hero Username: Machomegastar
Post Number: 2636 Registered: 02-2008 Posted From: 208.105.1.254
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 04:11 pm: |
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Mrhyderabad:In most of the cases, you won't get to see the actual property or talk to property owner directly. You have to spend money to research on Title which might prove costly when you are searching multiple homes. Also heard that, in some cases.. old owners will be given an option to buy the house back in 2 years time if they can arrange for the money. You must sell it back. Not sure how far it is true.
gotcha!! |
   
Neel
Side Hero Username: Neel
Post Number: 3605 Registered: 07-2008 Posted From: 75.57.200.172
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 04:11 pm: |
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Truelies:
it all depends on the sub division where you live Iam saying general rule |
   
Truelies
Side Hero Username: Truelies
Post Number: 2676 Registered: 03-2008 Posted From: 74.237.6.152
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 04:08 pm: |
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Neel:if you can afford independent allways go for independent house
who siad there won't be any monthly maintenance for ind homes..?? nenu $225 per quarter kaduthunna for maintenance...plus lawn maintenance etc etc... |
   
Neel
Side Hero Username: Neel
Post Number: 3603 Registered: 07-2008 Posted From: 75.57.200.172
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 04:06 pm: |
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Cylonesubbarao:townhouses
townhouse ante malli monthly maintaenance kattali kada Rao Garu if both are working if you cant mow your lawn and clean the snow if you hire someone it wont cost as your monthly maintainance some townhomes management take care of plumbing and electric repairs if you cant fix minor things and dont want the hassle go for town home if you need more space go for independent house if you can afford independent allways go for independent house it is easy to sell independent rather than a town home. bottom line it all depends on individual choice anukondi |
   
Rasputin
Side Hero Username: Rasputin
Post Number: 5950 Registered: 02-2008 Posted From: 192.146.101.24
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 04:06 pm: |
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Mrhyderabad:buy the house back in 2 years time
This varies from state to state. KY lo ayithe one year redemption period, that too only if the sale price is less than 2/3rds of the appraised value. |
   
Rasputin
Side Hero Username: Rasputin
Post Number: 5949 Registered: 02-2008 Posted From: 192.146.101.24
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 04:04 pm: |
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Bank Owned homes ayithe less-headache, when compared to short pre-foreclosures. Bank owned ayithe valle evict chesthaaru. Direct gaa bank websites lo vethakochu, leda call cheyyochu. websites lo paid membership teesukundaamani anukunnaa kaani it seems that they have very outdated information. Check HomePath.com (free Fannie Mae website) for homes owned by Fannie Mae. Don't know about Freddy. For bank of america, I think it is bankofamerica.reo.com |
   
Mrhyderabad
Side Hero Username: Mrhyderabad
Post Number: 3018 Registered: 01-2008 Posted From: 167.230.38.118
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 04:03 pm: |
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Machomegastar: why it is risky mama!!
In most of the cases, you won't get to see the actual property or talk to property owner directly. You have to spend money to research on Title which might prove costly when you are searching multiple homes. Also heard that, in some cases.. old owners will be given an option to buy the house back in 2 years time if they can arrange for the money. You must sell it back. Not sure how far it is true. If god doesn't like the way I live, let him tell me, not you |
   
Machomegastar
Side Hero Username: Machomegastar
Post Number: 2632 Registered: 02-2008 Posted From: 208.105.1.254
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 04:00 pm: |
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Risingstar:idhemi country raa naayana... antee aa tax benefit kosam thappanisariga loan theesukuni tax kattandi ani oka rakamga force cheyyatam public ni.. public payoff sesi pesanathamga undatam istam lenattundi
even india lo kooda same concept mama!! |
   
Cylonesubbarao
Hero Username: Cylonesubbarao
Post Number: 11930 Registered: 02-2008 Posted From: 170.61.18.228
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:58 pm: |
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Simba: Konni states lo property taxes are tax-exempted.
Naaku telisi anni states ani anukuntunna. Neel cheppina points are the main things to consider. Also Roofing replacement is needed only for an independent home... townhouses ki ayite mana meeda padadhu. Anything older by 14-15 years ante I will never recommend... but thats again my personal opinion. Simba, Neeku school districts anni ante... East Windsor best ani anukuntunna. You must be the change you wish to see in the world
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Risingstar
Side Hero Username: Risingstar
Post Number: 9902 Registered: 08-2008 Posted From: 98.225.186.112
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:57 pm: |
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idhemi country raa naayana... antee aa tax benefit kosam thappanisariga loan theesukuni tax kattandi ani oka rakamga force cheyyatam public ni.. public payoff sesi pesanathamga undatam istam lenattundi Now everybody using Colour Paper & Colour TV in the House  |
   
Humpty_dumpty
Side Hero Username: Humpty_dumpty
Post Number: 2822 Registered: 02-2009 Posted From: 38.117.247.14
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:56 pm: |
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Risingstar:antee manam mottam payoff chesthe undadha?
tax break is on interest...mortgage kattadam tho you are contributing to the money cycle...full amount kadithay govt oka brahmi athadu smile isthundi max...there is no need for them to give tax breaks on full payment... as simba said some states will allow property tax breaks... america lo chala mandhi ( middle class to upper middle class whites) illu konaydhee tax break and future investment kee Why so Serious? |
   
Machomegastar
Side Hero Username: Machomegastar
Post Number: 2630 Registered: 02-2008 Posted From: 208.105.1.254
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:56 pm: |
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Mrhyderabad:Even though they are very tempting to buy, it is very risky to buy a fore closure homes. otherwise mana desis anta already ade pani lo vundevallu
why it is risky mama!! |
   
Neel
Side Hero Username: Neel
Post Number: 3600 Registered: 07-2008 Posted From: 75.57.200.172
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:56 pm: |
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Risingstar:
on property tax you get some money back Obama new law $8,000 first-time home buyers tax credit to help cover their downpayment and closing costs on FHA-insured mortgages |
   
Mrhyderabad
Side Hero Username: Mrhyderabad
Post Number: 3016 Registered: 01-2008 Posted From: 167.230.38.118
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:55 pm: |
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Simba:Central to North Jersey.
Somerset/Franklin TWP move avvandi Recent gaa national top living county lo 5th place kuda vachindi  If god doesn't like the way I live, let him tell me, not you |
   
Machomegastar
Side Hero Username: Machomegastar
Post Number: 2628 Registered: 02-2008 Posted From: 208.105.1.254
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:55 pm: |
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Risingstar:neel, how are yaa? naaku artham kani vishayam okati..ippudu house ki manam full payment chesi konukkuntee tax deduction raadha? like my friend bought a house and he will pay around 6k for school taxes and he said he will get the money back since he is paying mortgage. antee manam mottam payoff chesthe undadha? how does it work?
interest kadithe tax refund vasatdi , if you dont pany any interest radu but you can still get some refund as you pay property taxes every month for hosue so here interest + propery taxex cab be tax deductible |
   
Mrhyderabad
Side Hero Username: Mrhyderabad
Post Number: 3015 Registered: 01-2008 Posted From: 167.230.38.118
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:54 pm: |
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Mee local muncipal office lo edo sub division vuntundi. IF you pay some nominal fees they will give you the list ani vinna. Even though they are very tempting to buy, it is very risky to buy a fore closure homes. otherwise mana desis anta already ade pani lo vundevallu  If god doesn't like the way I live, let him tell me, not you |
   
Simba
Junior Artist Username: Simba
Post Number: 630 Registered: 02-2008 Posted From: 206.210.17.33
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:53 pm: |
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Risingstar:naaku artham kani vishayam okati..ippudu house ki manam full payment chesi konukkuntee tax deduction raadha? like my friend bought a house and he will pay around 6k for school taxes and he said he will get the money back since he is paying mortgage . antee manam mottam payoff chesthe undadha? how does it work?
Mortgage lo interest part is tax-deductible. Oka vela motham payoff cheste, there is no mortgage, hence no tax cut. Konni states lo property taxes are tax-exempted. Aa states lo, you get some money back from state when you file tax returns. |
   
Risingstar
Side Hero Username: Risingstar
Post Number: 9897 Registered: 08-2008 Posted From: 98.225.186.112
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:49 pm: |
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neel, how are yaa? naaku artham kani vishayam okati..ippudu house ki manam full payment chesi konukkuntee tax deduction raadha? like my friend bought a house and he will pay around 6k for school taxes and he said he will get the money back since he is paying mortgage. antee manam mottam payoff chesthe undadha? how does it work? Now everybody using Colour Paper & Colour TV in the House  |
   
Neel
Side Hero Username: Neel
Post Number: 3596 Registered: 07-2008 Posted From: 75.57.200.172
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:41 pm: |
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Simba:
There are 3 types of homes in this housing market now 1.Bank Owned(some banks list thru realtor in MLS - multiple listing service) 2.Short sale by owner 3.Foreclosure thru realtor if the home is 8 years or less usually you wont have any major problems. if above 10 or 12 years - roof needs to be replaced I mean new shingles major investment then Air conditioning and Heating, water heater appliances it all depends how the previous owner maintained. If you have un finished basement you have to look for major cracks or water leakage if the basement is finished you have to look for battery back up so like this list goes on and on but bottom line is if you have money its the right time to buy and invest and rent them out and once the market gets better after few years you can make money but you have to have a Handy Man to take care of the minor repairs if you are renting. If the home is for yourself also its the right time to buy. |
   
Time_pass
Comedian Username: Time_pass
Post Number: 1304 Registered: 06-2008 Posted From: 136.174.187.10
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:36 pm: |
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Realtors ki telus tai so vallni pettukonte try chey vachhu Bank is still involved iyithe conditional agreement raaya vachhu like if damages exceed certain amount nuvvu drop ani its not easy, but you may find some good bargains |
   
Simba
Junior Artist Username: Simba
Post Number: 629 Registered: 02-2008 Posted From: 206.210.27.33
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:35 pm: |
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Cylonesubbarao:Simba, Nuvvu ye area choosthunnavu brother?
Central to North Jersey. Schools - Price - Commute to NYC Out of the three factors above, I can find homes favoring only two factors. Prastutham own house undhi, but bigger house ki upgrade plan... |
   
Simba
Junior Artist Username: Simba
Post Number: 628 Registered: 02-2008 Posted From: 206.210.27.33
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:32 pm: |
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Neel:
Thanks Neel... I know there is risk involved in committing for a home without an inspection. I am actually looking for new homes that go into pre-foreclosure. But, most of the times, the builder takes the house back and sells for a discount. I read somewhere that you can contact banks to get free listing of homes, up for foreclosure. |
   
Cylonesubbarao
Hero Username: Cylonesubbarao
Post Number: 11915 Registered: 02-2008 Posted From: 170.61.18.228
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:28 pm: |
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Simba, Nuvvu ye area choosthunnavu brother? You must be the change you wish to see in the world
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Neel
Side Hero Username: Neel
Post Number: 3595 Registered: 07-2008 Posted From: 75.57.200.172
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:24 pm: |
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Simba:
I dont think some foreclosures home will allow home inspection after you write a contract. If the home is fine no problems its ok but if there are any faults or repairs you would only know after you move in. you got to look at the age of the home. But invisible things you cant tell are you a first time buyer You dont need to take membership for foreclosure homes there are plenty of websites |
   
Rebel
Side Hero Username: Rebel
Post Number: 4801 Registered: 02-2008 Posted From: 151.151.73.164
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:20 pm: |
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rasp tamud soosinatu unadu... |
   
Simba
Junior Artist Username: Simba
Post Number: 627 Registered: 02-2008 Posted From: 206.210.27.33
Rating: N/A Votes: 0 (Vote!) | | Posted on Thursday, August 20, 2009 - 03:19 pm: |
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Ee fore-closure homes listing ekkada dhorukuthundi? Chaala websites lo paid membership theesukonte, details istam antunnaru? Evaraina ee fore-closure ki vacchina houses choosara? What are the risks involved? |