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Old 04-06-2012, 05:01 PM
 
6 posts, read 11,104 times
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I am looking to buy a home in the South Hills. I am interested in how to find a list of foreclosed homes. I don't want to have to do a free web based trial. I was wondering how to do it on a local scale. Many realtors are seem to be tight lipped regarding foreclosures.
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Old 04-06-2012, 11:21 PM
gg
 
Location: Pittsburgh
26,137 posts, read 25,954,579 times
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Quote:
Originally Posted by mlwargs View Post
I am looking to buy a home in the South Hills. I am interested in how to find a list of foreclosed homes. I don't want to have to do a free web based trial. I was wondering how to do it on a local scale. Many realtors are seem to be tight lipped regarding foreclosures.
Certain real estate companies deal with foreclosures. Grasha and some others. Many are listed and bank owned. Some are actioned, but not often to be honest. Sometimes they go into sherif sale. You need to do a title search prior to buying unless they say, "free and clear". All this stuff isn't some easy thing to deal with. Even I don't buy them and I have been buying and selling for years. Good luck.
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Old 04-07-2012, 12:13 AM
 
Location: The canyon (with my pistols and knife)
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The best way to find a foreclosed home is to look in another city.
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Old 04-07-2012, 05:27 AM
 
Location: 15206
1,860 posts, read 2,577,889 times
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Originally Posted by Gnutella View Post
The best way to find a foreclosed home is to look in another city.
That's very true. Pgh doesn't have too many.

I've purchased 3 in the past. They were all listed on the mls and available to the public. Most "foreclosures" on zillow or yahoo aren't foreclosed on. The owners might be a bit behind with payments, but they aren't bank owned.

You could watch the Sheriff sales in the paper but I'd hire a good attorney to do the title research on those before bidding. Also these are typically cash only transactions sight unseen with no inspections.
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Old 04-07-2012, 06:19 AM
 
Location: Currently living in Reddit
5,652 posts, read 6,983,223 times
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Quote:
Originally Posted by selltheburgh View Post
Most "foreclosures" on zillow or yahoo aren't foreclosed on. The owners might be a bit behind with payments, but they aren't bank owned.
Agreed. The process of trying to re-fi through govt-supported mortgage reduction plans is downright scary. Basically you have to go six months in arrears before being considered and only then does the real paperwork and approval process start, which may take another 2-3 months. And sometimes one's home gets listed as a foreclosure as a result if the process isn't adhered to to the letter.
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Old 04-07-2012, 06:34 AM
 
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There are plenty of homes in Pittsburgh being sold at rock bottom prices that aren't in the 'foreclosure' category. They just need lots of maintenance. There are tons of old people in Pittsburgh who lived in their homes for decades, did little maintenance and then died. The houses get sold. Go to any of the real estate listing sites (like trulia or realtor.com), find an area you're interested in and limit the search to a low selling price.
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