Foreclosure Registry Program

foreclosed homesForeclosures have been triggered throughout the country as the sub prime crisis continues and has hit most states affecting the liquidity and real estate. If the home is in pre-foreclosure, your real estate agent will need to present the offer to the individual who currently owns the home. Research the federal tax implications of foreclosure and how affects you and the purchase of your property. Since there are many different foreclosures that are running through the system at any given time, it is a better idea for you to be part of a website that will keep you up-to-date on any foreclosure listings that may have come up on the radar.

First-time homebuyers may be able to get a bigger house than they could otherwise afford. Buyers can then calculate whether a particular foreclosure is a bargain or a potential money pit. Avoid the auction; it is not advisable to …