FORECLOSURES…Finding & Buying (FREE)
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Published 2023-06-02
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Foreclosed homes can indeed be a headache for potential buyers. These properties have been repossessed by banks or other lenders due to the previous owner's default on mortgage payments. While they may seem like an attractive bargain, there are several challenges associated with purchasing a foreclosed home. Some of these difficulties include hidden costs, extensive repairs, legal issues, and a lengthy buying process. Therefore, it's essential to approach foreclosed properties with caution and conduct thorough research before making any commitments.
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DISCLAIMER The contents of this video are for strictly educational and entertainment purposes. This video is not intended to provide financial, accounting, tax, or legal advice. For financial or legal advice consult with financial advisor or lawyer.
All Comments (21)
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My friend took over an old warehouse, and the homeless people that had been squatting in it had stolen all the copper wires, as you could see and you'd expect. It was odd though, there were no toilets. He didn't think much of it until he installed new toilets, and they immediately backed up. The had also smashed the old toilets into small pieces and stuffed them down the drains. That was expensive to fix, so always be wary of any structure where the toilets are missing!!
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Wayne, I have been a licensed REALTOR for 30 years and you Sir, are amazing! Thank you for providing such valuable information to all! 🎉
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You're the man for staying focused and saying your lines with that chirping. I would have been stumbling over my words getting flustered every time it made a sound.
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Your photo says $100,000.......5 min in and you admit that the house is actually $200k?!! That's literally DOUBLE. What gives?!!
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I am a private landIady have 1-3 bedrooms Apartments and Houses in a quiet and conducive neighborhoods,I accept short and long term lease,no credit check or background check,and we can work things out if you have felony or criminal records,I have pet friendly house and apartments with immediate approvals after your application have been reviewed.
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I found your channel after feeling like I can't go any lower as a man and MUST get something going to earn after years of stagnation. Thank you so much. I have or will find that $1000 and I have a credit score of more than 620 so I am going to invest it like you showed in one of your videos with USDA loans.
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foreclosures typically are overpriced...banks inflate their value to write off the losses...
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Probably one of the best channels about real estate
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Whoever lived there didn't keep up on the smoke alarm batteries 😂
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You've earned me as a subscriber, thank you for making the videos you do. giving me the some knowledge and confidence to start looking for my first home.
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I would of never guesssed you only been doing real estate for 30 days. You are very knowledgeable in a very short time.
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Hi Wayne! You just taught me a lesson on Foreclosure, because am thinking on buying for income. Thanks.
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WAYNE,, THANKS FOR YOUR VIDEOS AND YOUR TRUE WORDS.. PEACE!!
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Ty Mr Wayne. Always great perspective
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Information worth the subscription. Thanks for teaching.
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Wow, what a nice and concise explanation. I took notes and I hope to close soon sir. Good day to you! Wish me luck sir.
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I know all about it. I work in Property Preservation for the bank so i know exactly what you mean. I deal with foreclosures everyday even the ones that are going to auction.
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Found your video while researching how to find foreclosures in my area. Great information that will be helpful if I can ever figure out how to see which properties are in foreclosure in my area. They don’t post in the paper here.
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Very helpful video. Thank you for sharing your knowledge
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I thought these homes were risky because they could have a Lien on it.
