Everything is bigger in Texas … even the huge savings on foreclosure homes about to hit the auction block!

REDC, one of the nation’s most reputable and successful real estate auction companies, is gearing up for another big weekend (Sat., Nov. 14 and Sun., Nov. 15) with several major public foreclosure sales in the “Lone Star State.”

In fact, nearly 150 properties — condominiums and townhomes, as well as single- and multi-family properties — must be sold.

Everything must go, which is the reason bids can start as low as $500!

Here is where REDC will hold its upcoming foreclosure auctions in Texas (For complete details click here):

• November 14 — Hilton Anatole-Khmer Pavilion in Dallas, Texas (2201 Stemmons Freeway)
• November 15 — Hilton Americas-Houston in Houston, Texas (1600 Lamar)
• November 15 — Hilton Garden Inn Austin Downtown – Sabine in Austin, Texas (500 North IH-35)

Remember that you can bid in-person or online. If you plan to attend the foreclosure sale keep in mind that registration starts promptly at 8 a.m. local time and the auctions begin at 9:30 a.m. sharp.

The process is safe, easy and compliant with all legal regulations. And you don’t have to be an experienced real estate expert to purchase a property.

In fact, all you need to register are W-2 forms from the last two years, as well as a cashier’s check and/or check book for the Earnest Money Deposit(s).

To check out the homes for sale at the upcoming foreclosure auctions in Texas, as well as to download a digital auction brochure, click here.

Good luck!

Tomorrow (Friday, Nov. 6), to be precise.

The House of Representatives today overwhelmingly (403-12) passed the initiative, which also extends the $8,000 tax credit for first-time homebuyers until April 30, 2010.

President Barack Obama is expected to officially sign off on the legislation before the upcoming weekend.

So what’s it all mean?

Essentially, if you have been living in your current home for at least five consecutive years (and you own it, of course), the federal government will reward you with up to $6,500 to purchase a new home. However, you must close on the new house no later than June 30, 2010, to receive the bonus.

It’s a great incentive for empty nesters, downsizers, upgraders and basically anyone else who wants to relocate or enjoy a change of scenery … and get rewarded for it.

Get a head start and begin your new home search today at Foreclosure.com. We have the best real estate deals in your area featured in our comprehensive database of more than 2 million nationwide listings.

Happy hunting … and congratulations in advance!

Remember that you can check out when the REDC foreclosure auction train will pull into your town right here (Click the link to see complete nationwide schedule). To search for other foreclosed homes in Tennessee and elsewhere throughout the nation click here.

It’s that time again.

REDC, one of the nation’s most reputable and successful real estate auction companies, will conduct public foreclosure sales from this Saturday (Oct. 10) through Thursday (Oct. 29) in several states, including Alabama, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.

It’s six more consecutive days of super sales on condominiums and townhomes, as well as single- and multi-family properties. All told, 467 properties combined must be sold in less than one week.

Bids can start as low as $500 because everything must go!

If you’re looking to take advantage of the best real estate deals in these areas then definitely check out REDCs foreclosure lender auctions.

Here are the locations (For complete details click here):

• October 24 – Cobb Galleria Centre in Atlanta, Georgia
• October 25 – Raleigh Convention Center in Raleigh, North Carolina
• October 25 – The Westin Charlotte in Charlotte, North Carolina
• October 25 – Wilmington, North Carolina
• October 26 – Knoxville Convention Center in Knoxville, Tennessee
• October 26 – Savannah International Trade and Convention Center in Savannah, Georgia
• October 27 – Mobile Civic Center in Mobile, Alabama
• October 27 – Nashville Municipal Auditorium in Nashville, Tennessee
• October 28 – Memphis Marriott in Memphis, Tennessee
• October 28 – Sheraton Birmingham Hotel in Birmingham, Alabama

Remember that you can bid in-person or online.

The process is safe, easy, and compliant with all legal regulations. And you don’t have to be an experienced real estate expert to purchase a property.

To check out the homes for sale at the upcoming foreclosure auctions in Alabama, Georgia, Mississippi, North Carolina, South Carolina and Tennessee, as well as to see when REDC will be coming to a city near you, click here.

Good luck!

We hope that you take advantage of these rock-bottom prices and easy financing at today’s low interest rates while they last!

That’s how Kendi Kiogora, a 28-year-old first-time home buyer, described her recent experience at a Chicago-area auction, anyway.

And when you hear about the deal (or steal) she made off with it’s hard to argue otherwise.

Kendi purchased a “one-bedroom, one-bath apartment in Chicago’s trendy South Loop neighborhood, with skyline views and heated parking, for just $105,000,” according to Reuters.com feature today. The final sale price was $62,000 less than its last listing and well below true market value.

Her good fortune is just more proof that it’s a buyers market. Plain and simple. Opportunities to buy homes at deep discounts have never been better than they are right now.

And according to Dave Webb of Hudson & Marshall, one of the biggest players in the real estate auction business, more amazing deals could flood the market in the very near future.

Here’s a snip:

“The foreclosures are going to explode again.”

Why?

Mr. Webb points to moratoriums that have or are about to expire on foreclosures, which were put in place months ago by major lending institutions and banks to minimize defaults and stabilize the market.

However, this well-intentioned move may have just delayed the inevitable and, as the report suggests, an “avalanche of new repossessions” could be on the horizon.

So keep your eyes peeled in the coming days and months for your winning real estate ticket on Foreclosure.com. Or just use our FREE foreclosure email alerts and we’ll keep our eyes peeled for you.

To check out upcoming real estate auctions from Hudson & Marshall in your area click here.

Five states, six days.

This weekend signals the start of huge opportunities for house hunters and investors in the Illinois, Indiana, Kentucky, Missouri and Ohio markets looking to take advantage of the best real estate deals in their areas.

REDC, one of the nation’s most reputable and successful real estate auction companies, will conduct public foreclosure sales from Saturday (Oct. 10) through Thursday (Oct. 15).

That’s right: Six consecutive days of super sales on condominiums and townhomes, as well as single- and multi-family properties.

All told, 342 properties combined must be sold in less than one week. It’s the reason bids can start as low as $500 — everything must go!

Here are the locations (For complete details click here):

• Oct. 10 — Hyatt Regency O’Hare
• Oct. 11 — Indianapolis Marriott Downtown
• Oct. 12 — The Seelbach Hilton Louisville
• Oct. 13 — Renaissance St. Louis Grand & Suites
• Oct. 14 — DoubleTree Hotel Springfield
• Oct. 15 — Kansas City, Missouri Convention & Entertainment Facilities

Remember that you can bid in-person or online.

The process is safe, easy, and compliant with all legal regulations. And you don’t have to be an experienced real estate expert to purchase a property.

To check out the homes for sale at the upcoming foreclosure auctions in Illinois, Indiana, Kentucky, Missouri and Ohio, as well as to see when REDC will be coming to a city near you, click here.

Good luck!

We hope that you take advantage of these rock-bottom prices and easy financing at today’s low interest rates while they last!

WMBF News today put together a nice punch list of things that homeowners today “need to know” before buying a foreclosure … or any other type of home for that matter.

Check it out:

1. Double-check your credit — Check your credit report immediately to be sure it does not show any incorrect information.
2. Talk to lenders — Check rates and offers from several mortgage professionals to find one you with whom you want to work.
3. Home prices are still low — Now is an excellent time for a home investment.
4. Interest rates are still good — Mortgage interest rates have dropped again to about 5 percent annually.
5. You must have savings — A down payment is essential today.
6. Know all costs of ownership — A rule of thumb is to budget 1 percent of the home’s purchase price per year for upkeep.
7. Buyer beware — Invest in a home inspection before agreeing to purchase any home.

Foreclosure.com currently features more than 2 million distressed real estate listings in its nationwide database, including preforeclosures, foreclosures, Sheriff sales, bankruptcies, tax liens, auctions and much more. In short, we have a house for everyone … at the most affordable price.

So use the tips above, search our Web site for the best deals in your area and live your own American dream while the conditions are in your favor. Opportunities like this don’t come around very often.

To search for homes and other cheap real estate deals — often up to 50 percent off — right now click here.

This is a big weekend for house hunters and investors in the Florida and Minnesota markets looking to take advantage of the best real estate deals in their areas.

REDC, one of the nation’s most reputable and successful real estate auction companies, will conduct public foreclosure sales on Saturday, Sept. 19, with bids on homes that start as low as $500.

Condominiums and townhomes, as well as single- and multi-family properties, are all on the block and up for grabs for ridiculously cheap prices.

You can bid in-person or online.

The process is safe, easy, and compliant with all legal regulations. And you don’t have to be an experienced real estate expert to purchase a property.

To check out the homes for sale this weekend in Florida and Minnesota, as well as to see when REDC will be coming to a city near you, click here.

Good luck!

We hope that you take advantage of these rock-bottom prices and easy financing at today’s low interest rates while they last!

Time is running out to claim the $8,000 first-time homebuyers tax credit! We’re down to three months before the limited-time government-sponsored program expires on Dec. 1, 2009.

That might seem like enough time to get in on the action; however, finding, financing and then closing on a home can take as much as 90 days. And if it’s a short sale then the process will likely take longer … much longer.

So if you have any intentions of saving as much money as possible on the home of your dreams then the time to act is right now.

We decided to sweeten the pot, which will hopefully provide you with even more incentive to search for the best real estate deals in your area before the prices start climbing back up. And before the last-minute rush on the most affordable homes begins … if it hasn’t already.

For the next three months (Sept. 1, 2009 to Dec. 1, 2009) we are giving our blog readers and Twitter followers a special discount offer to search our nationwide real estate database of more than 1.8 million distressed real estate listings. We refer to it as the “Tax Credit Countdown.”

Foreclosure.com is already FREE to search for seven days — no strings attached, cancel at anytime. However, sometimes house hunters need more time to comb through and visit all the awesome deals right in their backyards.

Therefore, we’re slashing our monthly subscription — already among the cheapest in the industry — by 30 percent! That’s savings, on top of tax credits, on top of more savings (you can find homes up to 50 percent off on Foreclosure.com every day).

So how do you get started? It’s simple.

Just visit this registration page: www.foreclosure.com/registration.html?rsp=0 and insert the phrase “taxcredit” (no quotes … just taxcredit) where it says “Click here to enter a promo code” (see screen shot in the extended entry).

That’s it!

If you find a deal within seven days, which many of our subscribers often do, then our special offer is simply not a factor in your overall savings. You got it all for FREE, saving a ton in the process … and that’s just fine by us!

Foreclosed homes aren’t just great deals for potential homebuyers — renters, too, can enjoy the savings.

More and more homeowners and investors are realizing they bit off more than they could chew with their current mortgage commitments. It’s among the many reasons foreclosures are up across the board.

When the payments become just too much to handle, these homeowners and investors have few options other than to sell, rent or simply walk away and lose their homes to foreclosure.

The latter option, foreclosure, is really the worst of the bunch.

But sometimes it happens so fast — in as little as one to three months in several states — that homeowners and investors are left spinning, wondering what just happened to them.

The good news is that these folks are starting to catch on and realize that these are ideal rental conditions. Why lose a home when you can find someone else to move in and pay all or most of the mortgage bill?

Indeed, homeowners would prefer to rent their homes rather than to lose them outright.

Of course, homes in foreclosure are not necessarily always on the market as rentals. In fact, homeowners and investors may not even know that renting is an option.

That’s where you come in.

Homeowners are generally very attached to their homes, but might be willing to entertain reasonable rental offers if it means salvaging their long term investments.

So how do you approach a homeowner in distress and propose a rent agreement?

Here are some basic pointers:

Learn about the property
Before contacting someone facing foreclosure, find out as much information as you can about the home. Research how much the home is worth, how much the homeowner still owes and the monthly mortgage amount. This information will give you a good starting point to know what to offer in terms of rent.

Expect non-traditional agreements
Any agreement you strike with a homeowner facing foreclosure will probably follow unconventional terms. For example, consider offering a six-month agreement or even a month-to-month. If you are willing to tolerate minor inconveniences in exchange for a lower rent cost, propose showing the house to potential buyers while you are renting. Homeowners in distress will probably slice several hundred dollars a month off the mortgage if it means you are flexible and help them cover some or all of their mortgage.

Tactfully propose a fair exchange
A simple way to approach a homeowner is with a hand-written letter that describes your needs as a renter. Offer to provide references upon request and explain that you are willing to entertain flexible terms. As a negotiator, it is to your benefit that the homeowner be aware that you know he/she is in foreclosure.

Where do you find homeowners facing foreclosure?

First, understand that homes that have been foreclosed are no longer in the hands of the homeowner. These are being resold by the original lenders and are probably already listed with agents. Therefore, the properties you should look at are classified as preforeclosures. This is an important point — make sure you fully understand the differences between homes in foreclosure and preforeclosure (facing foreclosure).

To check out a very comprehensive list of nationwide preforeclosures CLICK HERE. Start your nationwide foreclosure rental search now — it is free to search with a FREE 7-Day Trial.