Can a Canadian citizen buy house surrounded by Indiana,Does he requirements work visa to do this?
That Canadian citizen does not want to live /work in US but in recent times purchase the home and later rent it. If anybody know something like taxes, loans etc. , please give the answersAnswers: Yes. It will be a bit cumbersome but it can be done.
Can you really buy government tax lien foreclosure properties free & clear with only hundreds dollars?
Answers: think about it.... has anyone bought a home, free and clear, for $345.00 at a tax sale recently? Hordes of investors flock to the tax sales in the area where I live, bidding up the prices of foreclosure properties far beyond a few cents on the dollar. It just doesn't happen.
That's a big misconception.
Your local county, etc can seize properties that have defaulted on property tax payments. Those properties are then usually sold at auction by the county sheriff (at least out here).
You can get properties based on the taxes owed, but usually NOT for 'hundreds of dollars'. In some cases yes, but usually it's a few thousand dollars.
The catch here is that usually the property owner has the right anytime to come back and pay the back taxes and get their property back (there IS a time limit and it can range from 3 months to 2 years depending on the jurisdiction).
Also, if you go to one of these tax auctions on the steps of the county courthouse, have the money IN HAND because they don't take VISA. You'll also find about a gazillion other people there who had paid lots of money to find this out at various 'real estate' seminars around the country, and they TOO are trying to 'buy that propert for a hundred dollars'. It's a scam.
What does it denote when a unadulterated estate information bank say "Sold as is"?
Does this mean the house have something wrong with it or that the purveyor is not willing to absorb a buyers request (e.g. I will offer this price and the street trader fixes the furnace/roof/etc)?Answers: "An "as is" real estate mart means the wholesaler will not pay for any property repairs but must disclose adjectives known defect.
Many sellers of elder homes sell "as is" because they don't want to be inconvenienced near repairs or renovations, realize the buyers may want to tear down the house or remodel to their own preferences, and/or can't afford to create repairs.
Personally, I learned more or less "as is" home sales after I bought a foreclosure house from a mound. The realty agent marketing the residence emphasized that the public sale was "as is" and that the hill wouldn't pay for any repairs. But the price be such a bargain that I be blindsided and failed to observe all the items that needed repair or replacement. Fortunately, I have plans to renovate the property, so it really didn't matter, and I eventually resold that property at a substantial profit.
Sellers of "as is" houses should realize that it is a red-flag admonition to buyers, who usually expect a sales price discount from full-market efficacy to compensate for the needed repairs. Buyers of "as is" houses can often gain bargain purchase prices, but they should other make their purchase volunteer contingent on approval of a professional inspection report."
http://www.washingtonpost.com/wp-dyn/con...
Hi Diva Bee,
Being "sold as is" means that the seller are not going to conduct any repairs. It doesn't necessary niggardly that there is something wrong next to the home but there is no "impeccable or defect free" home. It is intensely risky and not advisable for first time home buyers.
It is always best to hire licensed inspectors (certified home inspector, pest inspector, fireplace inspector, and HVAC inspector) to do a thorough inspection. Be present during the inspection.
You want to know adjectives of the defects prior to closing escrow.
It process exactly what it says. You hold out to buy the property in its existing condition, near no recourse whatsoever against the seller. In such a situation, I push for a professional home inspection so that you know exactly what you are considering buying. It may be a good deal, even if it requires repairs.
You will involve to find out what, if anything, is wrong with the property, assess the costs of those repairs, and after factor those costs into your offer.